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Towards the first pan-European Open Banking based scheme Imagine you’re taking an Uber at the airport, get to your destination and while you’re getting out of the Prius … ping… you receive a push notification from your bank that says € 32,78 was debited from your payment account. The full Uber experience, but no cards or wallets needed. 
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Sufficiently strong quantum computers will seriously disrupt the confidentiality and integrity of secure digital communication everywhere. They will effectively break most of the current methods to securely exchange data, and quantum-resistant alternatives are not yet mature. Even though the development of such quantum computers may take ...
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Data and putting the customer in control over his or her data are crucial elements for any platform strategy, especially in an open ecosystem. For insurance companies it means they can extend and improve their service offering and to develop new revenue models. But if they fail to handle the data with sufficient care, they risk damaging t...
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In the past few years new and innovative banks, also known as challenger banks, have entered the scene to disrupt the German consumer banking market. Even though a customer does normally not sign up for a new bank account every year, those new players have been recognised to attract and convert a rapidly growing digitally-savy customer ba...
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Data sharing is extremely common among supply chain partners. Every company that uses SAP software is involved in some form of data sharing with customers, suppliers and/or service providers – but how can that be organized smartly and efficiently? Hewlett Packard Enterprise (HPE) recently organized a seminar on ‘Innovation for Digital Tra...
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This article was published in collaboration with Deutsche Bank. Market disruption, client evolution and regulatory change mean that the banking and corporate world is preparing for an API and Open Banking revolution. Making a success of it will require both collaboration and standardisation.
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Where newer and smaller banks used to outclass the incumbent banks regarding the onboarding process, the recent INNOPAY benchmark shows a comeback of the established players. By now, there is no longer a need to visit the office to open an account. Now the question is: did the larger banks manage to compete with the challengers?
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