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Europe’s industrial policy disaster
The merger of Siemens and Alstom, banned by the European Commission, has led to discussions about a European industrial policy in recent weeks. The German Minister of Economics, Altmaier, and his French colleague Le Maire were at the forefront of the debate. Sometimes life is like an accident. You can see that there is a…
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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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Companies and digital transformation: Acqui Hire in times of change
6 Key Learnings from Dotcom Companies in Dealing with Digital Changes (5/6) Introduction Keyword digitization. A never-ending challenge. A complex topic, especially for companies that conduct their business mainly in and around the Internet. If they also offer services, it becomes particularly complicated. At the beginning of the millennium, the technology industry was in a…
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Fortnite – the nightmare of the GAFA´s?
What does a fictional game have to do with payment reality? We talk a lot about them – the GAFA´s and the BAT’s – many business models have shaking knees. Apparently, they can destroy everything and are already doing it in some parts. But in payment it is just starting. Even the GAFA´s are not…
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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…
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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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Launch event of Apple Pay in Germany
Apple Pay is finally here; apparently very satisfied first banking partners; Apple expands NFC ecosystem; first promising customer reactions So now it´s time. Six iPhone generations (6, 6s, SE, 7, 8, X-series) were introduced in the meantime, until it came to the announced Apple Pay Launch in Germany. Germany comes into game very late: 26…
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PSD2 and XS2A: Account data in danger?
Pretty much exactly a year ago a ghost went through Germany. People´s account data were no longer secure. Due to PSD2, which has since come into force, and associated possibility foe third-party providers to access account information (Access to account / XS2A), the account data is in danger. The question as to whether account data…
