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More sales through smart risk management: 5 steps for retailers
One in five German online shoppers has already been the victim of fraudsters. This is revealed by a Bitkom-survey which results were published in January. Fraud vs. sales: Online retailers want to generate the highest possible sales. Their core business is sales. However, bad debt losses can have a significant impact on the sales if…
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Financial regulators are watching crypto custodians
Since January 1, companies that hold Bitcoin & Co. are considered financial service providers and must apply for a license. Bitkom sees this as an opportunity for the breakthrough of digital assets and has therefore published an information paper for “Regulatory requirements for crypto custodians”. Since January 1st, anyone who holds crypto currencies such as…
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New Work and Fintech: How new organisational structures promote innovation
Abolishing hierarchies, enabling situational leadership, working in cross-functional teams: In traditional companies in the financial sector, this is unthinkable, at least with regard to the entire organization. But Fintechs can benefit from new organisational structures in the sense of New Work – not only as employers, but also as drivers of innovation. The set of…
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How much sense do financial products make for women?
Financial service providers are always on the lookout for ways to sharpen their segmentation – the right offer for the right customer at the right time, is the measure of all things. Companies that implement this successfully and consistently are usually the leading players in their markets. However, one of the foundations on which successful…
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From energy to AI: The future industrial sectors with growth potential
Last spring the economic news paper Financial times published their annual listing “1000 Europe´s Fastest Growing Companies”. When taking a closer look at the 2019-ranking, the fastest growing companies enable to see the future industrial sectors, which stand for success and innovation – and especially provide great opportunities for start-ups and the founder scene. Which…
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Yomo – of course, it´s too easy…
Kind of surprising and yet not. The end of Yomo. One of the very early and probably also most ambitious and courageous projects of the Sparkassen as a response to so-called neo-banks is ended the planned way. https://www.handelsblatt.com/finanzen/banken-versicherungen/banken-sparkassen-wollen-kein-reines-smartphone-konto-mehr-anbieten/25491450.html Actually, the Sparkassen were still early with spring of 2017. Probably still started early enough as a…
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Tomorrow brings new current account
Tomorrow offsets its CO2 footprint with new “Zero” current account A few days ago, the mobile banking provider Tomorrow introduced the first current account that offsets the CO2 footprint of users* and thus breaks new ground in climate protection. This is a novelty in the field of sustainable banks and current accounts. They call it…
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Yeah, where are they running?
A guest contribution from Marcus NasarekIT security analyst and since the 1990s has held various positions in the payment and banking industry It is worth remembering that Bitcoins were created in response to the financial crisis. In a crisis in which highly regulated, renowned global financial institutions have driven the global financial system to the…
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FinTech Podcast #235 – Banking 3.0 (Das Hausbankprinzip)
Ein Recap zur Transactions 2019 Alles ändert sich, auch das Bankenwesen. Dabei war hier noch lange die alte Hausbank das gängige Modell – und bleibt es an vielen Ecken noch. Denn die Banken hängen einfach an diesem Modell. Wie also Bewegung reinbringen – lieber durch Rebuilding oder Unbundling? Und kann die Plattform-Ökologie hier helfen? Das…
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New crypto-regulation: legal certainty for banks and cryptotechs – but no change in the status quo for banks
A guest contribution by Hartmut Giesen At the end of November, in the course of the implementation law of the 4th Money Laundering Directive, the amendments to the German Banking Act (KWG) on the regulation of crypto transactions, which had been the subject of much discussion in recent months, were adopted. The KWG now defines…
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Stranger things: A time travel into Payment & Banking of the 90s
Raider is now called Twix, otherwise nothing will change? Not at all! The 90s were not only the last decade of the 20th century, but also marked by historical events such as the end of the Cold War or the reunification. Socially there were a lot of technological advances, some of them strange and almost…
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Transaction 19: A Payment & Banking event
Four years ago, in summer 2015, the idea for the Payment Exchange laid the foundation for many other events. With the Payment Exchange we wanted to create an event that actively involves the audience and allows an exchange at eye level. That is “Exchange” and that is still today the basic idea and our cred. …
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Bye, bye debit or not?!
One of the most popular payment methods used by Germans seems to begin to totter. While many find this good, others shed tears. Here a short summary and the opinions from the team. The European Court of Justice has spoken and ruled and many fear the end of the decades-long popular debit, especially retailers see…
