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Crypto currencies and digital payment methods have been fuelling the emergence of new trends and developments in the financial sector for several years; and they’ve gained significant impetus. Regulatory bodies are also reacting to the phenomenon by bringing order to the system. In this blog post, I’ll explain what consequences these developments have for the banking market and what the future of crypto currencies and digital assets might look like.

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Industries

08.03.2022 By Federico Winer

Digital twins are reinventing sports

Picture Federico Winer

Digital twins are virtual duplicates of physical products. The use of such digital twins results in innovative ways to perform traditionally more time-consuming tasks, which has a direct impact on increasing the pace of innovation in the company. In my blog post, I explain how digital twins are already being used and what advantages these digital models have in mapping real processes.

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Industries

24.02.2022 By Lars Zimmermann , Georg Benhöfer and Stephen Lorenzen

A milestone in the digitalisation of the energy transition? The third gateway is here

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The smart meter rollout has been causing some ambivalence in the energy sector for many years – a lot of hustle, a lot of work and, at the same time, a lot of standing still. If you believe the words of Arne Schönborn, President of the German Federal Office for Information Security (Bundesamt für Sicherheit in der Informationstechnik, BSI), a milestone in the digitalisation of the energy transition has now been reached. In this blog post, we explain what this milestone is and what it means for the smart meter rollout seven years after the publication of the German Act on the Digitalisation of the Energy Transition (Gesetz zur Digitalisierung der Energiewende, GDEW).

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Industries

Digital ecosystems and platforms are ushering in a new era in the development of innovative business models. In the banking market, too, the principle of platform-driven business models is gaining ground, as is exemplified by emerging concepts such as open banking and beyond banking. My blog post explains the reasons driving this shift and points out the obstacles that stand in the way of transformation.

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Industries

01.02.2022 By Anna-Franziska Eckert and Andreas Liesche

Variant configuration (part 4) – engineers, programmers and IT as agile teams

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Mastering variant configuration requires teamwork between designers, software developers and IT specialists. How can this work successfully? Ideally, integrated systems are modular and consist of authoring systems and modelling tools, configurators and frameworks, frontend and backend, workflow engines and integration modules. In this blog post, we take a look behind the scenes of the individual components and present their potential for optimisations.

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Industries

By creating the opening balance sheet on climate protection, Robert Habeck, Germany’s Federal Minister for Economics and Climate Action, has made it clear that there is still a lot to be done to achieve Germany’s climate targets. We have taken a look at the paper presented by Habeck and summarised the most important points in our blog post.

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Industries

There is still very little data sharing going on in today’s insurance industry. Obstacles to this include strict and often unclear regulations, reluctance to share data or the difficulty involved in calculating the value of data in advance. Gaia-X offers insurance providers enormous potential. I will explain what that potential is in my blog post.

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Industries

19.01.2022 By Andrea Giuliani

What is the Online Access Act?

Picture Andrea Giuliani

You’ve probably heard a lot about the Online Access Act, but what is it exactly? Why is the Online Access Act important for Germany? What are the specific challenges and how implementation is progressing? I will answer these questions in my blog post.

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Industries

An efficient and flexible design of the IT systems is the basic prerequisite for high-performance banking operations. Even though the modernisation of IT is a great challenge, a benefit- and customer-oriented modernisation of the IT landscape is a mandatory prerequisite for more efficiency, customer orientation and sustainability of banks. In my blog post, I explain how core banking systems are brought up to the latest digital standards. Translated with www.DeepL.com/Translator (free version)

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