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Explaining the EU’s 6th Anti-Money Laundering Directive with kompany
A guest article by kompany As of 3rd, December 2020 the European Union’s Sixth Anti-Money Laundering Directive (AMLD6) is now in effect for all member states. Stricter than its predecessors, AMLD6 introduces a larger responsibility on regulated entities to fight money laundering. What exactly changes this time around and how will your organisation find itself…
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Smart POS systems: entry into digitalization for SMEs
A guest article by Markus Bernhart (ready2order, CEO) Small and medium-sized enterprises are the backbone of the German economy. In no other major economic nation is the share of this group of companies so large. In 2018, around 2.59 million companies in Germany were SMEs – that is still 99% of all companies. According to…
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Starke Kundenauthentifizierung–91,5 Milliarden € Umsatz gefährdet
Ein Gastbeitrag von CMSPI Nach einem krisengeprägten Jahr für europäische Einzelhändler steht der 01. Januar 2021 wie ein Damoklesschwert über dem E-Commerce. Laut CMSPI, einer unabhängigen Payment-Beratung, sind bis zu 91,5 Milliarden € Umsatz in Europa gefährdet, 9,1 Milliarden € davon in Deutschland. Ein Mandat, das den Kredit- und Debitkartenbetrug reduzieren soll, kann verheerende Auswirkungen…
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The digital euro as the basis for the digitisation of the economy
Facebook positions itself as a financial services provider There is currently a lot of movement in payment traffic, not only due to the increased volumes of cashless payments triggered by Covid-19but also by the discussion around digital currencies. This discussion was launched by the Libra Association in June 2019, which was initiated by Internet giants…
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VoiceBank research project: Conversational Qualitative Banking
A guest article by Steffen Blümm from adorsys Finance is an important part of our daily life. It is about our daily needs for living, food, leisure time, as well as education budget for our children, investments and retirement provisions. So finances are actually too important to be handled exclusively by computer or smartphone. Speech…
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Why platforms are already the better banks
The future belongs to platforms If you look at the rapid growth of platforms over the last three years, one thing quickly becomes clear: the future belongs to the platforms. This is no longer a platitude, but an everyday occurrence, both in e-commerce (with e.g. Amazon, Zalando, Otto or Wayfair), in transportation (with e.g. Uber,…
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Digital bancassurance cooperations on the advance
High-volume distribution channel – bancassurance, i.e. the combination of banking and insurance, has existed since the 1970s. The primary objective of bancassurance partnerships between banks and insurance companies is to exploit cross-selling potential. Although bancassurance has so far been limited to the offline sale of insurance policies in bank branches, it already has a worldwide…
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Is Google eating away at the financial industry?
More and more “customer journeys” are starting to use Google search. This supposedly profane statement can have astonishing consequences, even for the classic financial world. An analysis of mutual dependencies, the striving for uniqueness and the insight that the digital platform economy is increasingly becoming a psychological rollercoaster ride for all market participants – from…
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Payment and mobility
A guest contribution from Inga Glotzbach and Steffen Blümm from adorsys Mobile computing and the high availability of the Internet are changing our expectations when consuming and paying for products and services. The ability to access information and make purchases from anywhere allows us to manage our time more flexibly. The Corona crisis in recent…
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Zukunft im Payment: Bitcoin als Währung des Internets
Am großen Payment-Markt nehmen Kryptowährungen bislang noch einen vermeintlich kleinen Anteil ein, welcher sich im Wesentlichen auf den Online-Bereich beschränkt. Mit Bitcoin befindet sich jedoch bereits eine internationale Währung auf dem Vormarsch, um als blockchainbasierten Kryptowährung den Point-of-Sale im Einzelhandel sowie im E-Commerce zu erobern. Als Zahlungsmittel erfunden, war es lange Zeit die Blockchain selbst,…
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Cash in Corona times – the social significance
At the beginning of the Covid 19 pandemic, society was concerned that the coronavirus could be transmitted by cash. The WHO reacted immediately and put this statement into perspective. The likelihood of transmission through banknotes is very low compared to other surfaces frequently touched in retail outlets, such as PIN pads. Nevertheless, especially in the…
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Just do it! – With these tips ‘Personal Branding’ succeeds
Social media and personal branding are not only current buzzwords in the industry, but are also inseparably linked. Reason enough for us to launch a new episode of our #5pmClub in a familiar and relaxed atmosphere. For all those who missed the talk: Here you can watch it in full length: were guests: Miriam Wohlfarthfounder…
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Talk is silver – making is gold! A reflection on the rush jobs after Paydirekt & Co
A column by Marcus W. Mosen Some know better and better, others have always known better, and only the very few know what they are writing about – and knowing nothing obviously makes nothing. This is the motto of numerous comments in the last days and weeks in our banking and payment bubble on the…
