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Embedded finance: brands and financial institutions must take action
The hype surrounding embedded finance continues unabated: According to a recent study by private equity firm Lightyear Capital, the embedded finance industry will be worth $7.2 trillion by 2030. This corresponds to twice the total value of the world’s 30 largest banks. Integrated payment services will have particularly great potential in the e-commerce and healthcare…
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Gender diversity in European banks with room for improvement
A guest contribution by Claudia Rasper It is generally accepted and proven by numerous studies that workforce diversity contributes significantly to corporate success: Diversity promotes innovation[1] and balanced decision-making processes, thus increasing the resilience and performance of companies[2]. By tapping into the entire diverse talent pool, diversity is also a catalyst for successful talent management:…
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Thank you, DKB! The sponsors of the PEX in the presentation.
Without the right sponsors, it would all be nothing. And even if in year two of the pandemic the Payment Exchange had to take place differently than we had hoped, we thank our loyal sponsors who believe in us and remain faithful to us. On the occasion of the PEX theme week from 27.9. until…
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Why the next generation of neobanks must be niche banks
A guest article by Leif Wienecke, Managing Director Digital Banking & Cards at Solarisbank When the first neobanks hit the market in the early 2010s, their core customer promise was a radically improved user experience. Where traditional banks were cumbersome, inflexible and frustratingly bureaucratic, Monzo, Revolut and N26 were a breath of fresh air: faster,…
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Definition urgently needed: Banking as a Service / Banking as a Platform
More and more advisors and also banks are talking about the topic of contextualized / verticalized financial services. But what exactly is it? And what role do Banking as a Service – BaaS – and Banking as a Platform – BaaP – play in this? In discussions, unfortunately, buzzword often lines up with buzzword and…
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Look me in the eye, customer: With FIDO2 to the passwordless bank
Thanks to the FIDO2 standards, customers can finally authenticate themselves with biometric features on the Web. In our article, the IT consulting firm highlights adorsys why FIDO2 is the authentication standard of the future and why fiddling with passwords and TANs will no longer be necessary in the future – regardless of the device. adorsys…
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Initiative launched: Together against IBAN discrimination
With the “Accept my IBAN” initiative from leading fintechs such as Wise (formerly Transferwise), N26, Klarna, Revolut, Raisin and SumUp, consumers can now report “IBAN discrimination”. The EU regulation in force since 2014 does provide that holders of accounts within the EU can pay within the member states without any problems. But unfortunately, the reality…
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Applekalypse! The supposed end of multi-banking apps
For a brief moment, the world stood still and multi-banking apps faced extinction. The reason for this was Apple’s release of the new App Store guidelines and the changes that came with it. Nothing less than the demise of all multibanking apps was up for discussion. The end of Outbank, finanzblick, Finanzguru and Co seemed…
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Exklusiv: Französischer Finanzdienstleister iBanFirst startet in Deutschland
Der französische Finanzdienstleister iBanFirst eröffnet in München seine erste Dependance in Deutschland. Die Zeichen stehen auf Expansion.
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Corona and the financial industry – a review and outlook
2021 is still young and we are taking advantage of this for a detailed look back and forward. Because nothing has changed the world and our industry as much as the Corona pandemic. Corona set new challenges – without postponing digitization Financial institutions around the world have had to provide emergency relief in the form…
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The hygiene products in banking – or what do I really use
In recent days, some neo-brokers have added new functions to their product range. Among other things, Revolut offers the well-known function of multibanking for German customers. At Twitter This was followed by a discussion about what Multibanking for a bank – strategic issue or rather a small feature? The comparison that came to mind was…
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Reality Check: Does Open Banking deliver what it promises?
In our new series “Buzzwords in Reality Check” we will explain terms of the financial world in the future. The term Open Banking has been circulating in the financial world for some time. However, it only really picked up speed with the introduction of the PSD2 directive. But what is actually behind it? To start…
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Götterdämmerung – es wird ernst bei den Neobanken
Ist sie vorbei die Herrlichkeit der Neobanken bzw. Challengerbanken? – oder sind im klassischen Gartner Hype Cycle – bzw. haben den “Mount Stupid” (den uns Prof. Dück auf unserer Transactions.io 2019 so schön näher gebracht hat) überwunden? Monzo verbrennt mehr und mehr Geld, Starling hat seinen Pivot schon hinter sich und um N26 ist es –…
