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Digitisation: Core banking systems play a crucial role
At best, German banks are in the midfield when it comes to digitization. They underestimate the disruptive power of digital technologies and overestimate their own knowledge advantage over the new players on the market. The core banking system (CBS) as the decisive strategic adjustment screw rarely receives the necessary attention. The greatest danger for banks…
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SRC – the last rescue of Masterpass and Visa Checkout?
Standardization of card payments A new initiative of the Schemes is approaching us – so far in Europe still “unnoticed” in the USA but already coming. It is a last rebellion of the Schemes to “bite down” at the customer and to save their separate initiatives Masterpass and Visa Checkout (Ex V.Me) on the one…
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End of the growth? The development of the European Fintech ecosystem
A Guest article from Author: Tuomas Toivonen – Co-Founder Holvi Technology in the area of financial services has been part of the industry for decades and is for example present in the form of ATMs or giro cards. Nevertheless, it is only in recent years that Fintech´s concept has developed into a permanent fixture in…
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Parking and payment
Will parking now become smart? When people deal with the organized standstill of passenger cars, it sounds terribly boring at first, but what all actually is linked to parking and how these people and companies play a decisive role in shaping our future, because they enjoy parking and thus also do something for our environment…
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The cryptocurrency market: A status Quo
Enormous growth of cryptocurrency market till today A market analysis by Philipp Petzka, CEO, Mintfort The market and usage of cryptocurrencies has gone through a rapid growth since the official release of the bitcoin whitepaper by Satoshi Nakamoto in 2009. To illustrate the exponential growth rates , some graphs are shown below: The number of…
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N26 and supervision – Was that necessary?
or is it all just a „storm in a glass of water” – what happened?N26 uses a photo identity process in Portugal, which is, according to Bafin and the Portuguese regulators, not compliant. But the Bafin didn’t notice – the Portuguese is not responsible.Two WiWo editors disguised themselves as Portuguese and tried it out –…
