VERIMI, the new European identity and data platform, with its central and convenient VERIMI log-in (single sign-on) is now available in the German market, as a basic product (Minimum Viable Product - MVP). The launch is following a phased approach: in the first phase, the VERIMI system platform has gone live, with VERIMI shareholders Deutsche Bank and Bundesdruckerei the first organizations to make the green VERIMI button available for their online customers. In a second phase over the coming weeks, the platform will expand to connect additional partners as well as offer new platform features.
ContinueArtificial intelligence is undoubtedly one of the most highly discussed technology topics at present. You will struggle to find any mass media source which does not contain any reference to machine learning, deep learning or artificial intelligence.
ContinueThe new regulations concerning strong customer authentication and secure communication (RTS SCA & SC) under PSD II were published by the EU Commission on November 27, 2017. At first glance two points, in particular, come to mind: On the one hand, the requirements have been worded very generally, meaning that applying these rules to concrete payment processes will prove a major challenge to many market participants. On the other, the underlying security paradigms all appear to be inconsistent with one another. Even though these points were continually debated during the long consultation phase – including consultations, public hearings, numerous meetings involving market participants and the European Banking Authority (EBA), the final version of the RTS still does not provide sufficient clarity on the subject.
ContinueFollowing the implementation of the Basel Standard 239 (BCBS 239) in AT 4.3.4, the requirements concerning data aggregation and risk reporting for system-relevant credit institutions have now also been included in the Minimum Requirements for Risk Management (MaRisk).
ContinueApproaches 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.
ContinueLeading 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.
ContinueDigitization is transforming the world as we know it. Our daily work will be challenged by increased automation (so-called Work 4.0), our production processes will be adapted to Industry 4.0, and our value chains will be broken up while platforms will enable new modular and customizable businesses.
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