Approaches aimed at increasing functionality with smaller budgets are frequently discussed at management level in established companies, but are rarely successfully implemented. The reasons for failure (or at least lack of success) of these projects cannot be attributed to general factors (e.g. company size) or even a few different factors; reasons specific to the company in question also play a role. It is clear that a successful approach must be implemented in various areas if the core of the entire process of relevant innovation is not to be abandoned.

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Leading German and European companies have stated their intention to cooperate more closely to establish a joint, pan-industry platform for online registration, e-identity and data services. The aim is to make online registration simpler and more secure for clients. The participating companies have signed a corresponding declaration of intent. The initiative was set up by Allianz, Axel Springer, Daimler and Deutsche Bank with Postbank as well as the technology think-tank Core, and Here Technologies, the location services provider.

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Technological progress and regulatory requirements are major drivers of change in the financial sector in general, and in the payment transactions market in particular. Together, they are leading to a break with the proprietary payment infrastructures established by the banking industry, and therefore driving the increasing liberalization of the European and international payment transactions market.

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Agile methods currently applied in the field of software development also play a large role in the finance industry. The main reasons for employing agile models rather than the classic waterfall model lies in increasing the speed of a process, i.e. enabling a more rapid deployment of a software. However, a variety of factors must be taken into account in order to realize this benefit.

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On September 9th, Apple presented the iPhone 6, the Apple Watch and the new payment system Apple Pay. With the introduction of the new payment service, Apple has completed its now five-year journey to setting up a payment functionality that is simultaneously integrated and user-friendly – thereby putting an end to all speculations about its possible participation in the field of payment transactions.

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The start-up “Friendsurance” offers insurance products that are based on digital social networks: Friends can buy insurance together and regulate damages up to a certain sum within the circle of friends. If the damages exceed this limit, the classic insurance policy kicks in. The model provides advantages to both customers and insurers.

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