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What happens when you miss a trend
Lessons learned: A look back at what happened when banks missed a key trend with eCommerce. And what that has to do with DLT/Blockchain. PayPal should not exist. Many people don’t realize that the original business model for PayPal was to ‘beam’ money from one Palm Pilot (remember those!) to the next. Scotty from Star…
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Apple Card – The facts
When Apple presented on March 25th 2019 its own Mastercard, Apple Card in cooperation with issuer Goldman Sachs, one or the other bank board member might have held his breath and slept a little worse than usual. After banks, especially outside of the USA, have struggled in the past to support Apple Pay with their…
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Silicon Valley is dead – or is it just sleeping?
The land of unlimited possibilities and there is also the Mecca – the West Coast – Silicon Valley. If the world could, may, must expect anything from anywhere – it must be from there. The progress of the 20th century was born there. Everything that was disrupted – came from the Valley – superlatives about…
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Girocard In-App Payment
A good step, but currently more questions than answers Last week, at Profitcard 2019, surprising news of the EURO card systems were announced by those responsible for Girocard marketing. The German credit industry has obviously decided to make a new, third attempt to equip Girocard for online acceptance: For the first time there was a…
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Post-Mortem: When, unfortunately, Corporate Fintech initiatives predictably fail
On Monday morning, colleague Heinz-Rogier-Dohms surprised the financial scene with his newsletter with a side note that was probably overlooked by many readers due to the news of the Deutsche-Commerzbank mergers. The German stock exchange discontinues its joint venture (JV) with the Naga Group for a marketplace for digital gaming products (in the jargon In-Game…
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“Crypto currencies have come to stay”
Interview with Oliver Flaskämper, founder of bitcoin.de Hand on your heart: How many sleepless nights have you had during recent months? I didn´t find the last few months so disturbing. There was a downward movement, true, but price fluctuations will accompany us for a little while longer. That is the normal madness. What is decisive…
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Contextual Banking in the digital age
Better processing of financial requests through artificial intelligence Sponsored Content The term of Contextual banking? The goal of contextual banking is to adapt the financing offer better to the requirements. For this an algorithm is developed and implemented in the app of the financial service provider. This algorithm analyzes the behavior of the user and…
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Digital payment in Asia – The key to customers in Germany as well?
A guest article by Ralf Wischmann (STARCON CO. LTD) Slowly but steadily, it is picking up speed, the trend towards cashless payments in Germany. A year ago, a rather wait-and-see to cautious attitude was reported, but now the dam seems to be broken and cashless payment and the technology behind it as well as central…
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The forgotten customer groups
There have been plenty of innovations in payment and banking in recent years. However, the FinTechs and also the innovations of the old-established ones concentrated on a few target groups – millenials and early adopters. The classic FinTech target group is by no means a large part of the population but, as we all always…
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Predictive Banking – An as yet unknown technology on the way to Trend 2019?
Banking with a view into the glass ball – wouldn’t it be nice to be able to plan your banking transactions months in advance and, with the right steps, know exactly how much money will actually be in your account at the end of the month? Predictive banking is the magic word for a technology…
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Bitcoin isn’t money. But with Lightning this could change soon.
Blockchains have a basic problem: They don’t scale well. Even ten years after its launch, the Bitcoin Blockchain still cannot process more than three to seven transactions per second. A modest number compared to existing centralized payment networks, which are 10,000 time more efficient. But that shouldn’t fool you. Although the capacity of the blockchain…
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“Numbers, please!” – Why cashless payment is finally conquering the German gastronomy industry
The Germans love their cash. Particularly in the catering trade, we continue to hold on stubbornly to notes and coins. As a company whose products are dedicated to cashless and contactless payment in the gastronomy sector, you are faced with a challenge. But even in one of the last German cash bastions, digitalisation is increasingly…
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Blockchain is Laying the Ground for the Future Banking Services like Lending and Yield
A guest article by Jonathan Knoll Was Bill Gates right when he said the world needs banking, but not banks? Maybe. Maybe not. Until Blockchain technologies fulfill the promise of being where 100’s of millions or even billions of people place their trust in all manner of financial transactions, banks still have an opportunity to…
