In an interview with “Konfuzius-Institut” – the Magazine, Daniel Fasnacht explains how the importance of money is beginning to change, how digital payment systems work in China and what role China could play in financial services and trade worldwide.
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APIs represent an important component of the digital transformation towards networked business models. This inevitably raises questions: Do I start by providing an API developer portal or an overall strategy? Which infrastructure components should be used and to what extent should I provide central guidelines? How can I prioritize possible activities? The “API House of Digital Business” provides assistance in answering these questions.
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The financial sector is currently facing one of its biggest challenges with the Corona pandemic: A collapse in economic growth, high unemployment, credit defaults and volatile stock markets. Furthermore, the old problems such as pressure on margins, increasingly intense competition, the shift of the customer interface towards innovative fintechs and the ubiquitous digitalization have not yet been solved. These developments challenge traditional business models of local banks, but also offer opportunities for those who are willing to change or reinvent themselves.
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In a few years’ time, new or further developed sensors in smartwatches will not only record the wearer’s movements, but also their heart rhythm and breathing as well as their stress levels via measuring their skin surface tension. Around the world, thousands of developers are working on the new possibilities, hundreds of investors are evaluating the economic potential, and millions of consumers are waiting for the new gadgets. Will intelligent machines such as smartwatches with such capabilities bring us one step closer to a happy society?
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Chinese tourists are big business in Europe. Their needs will give rise to disruptive business models with new digital payment services. Technology giants are about to build ecosystems that integrate QR code payment across Europe, threatening established and profitable banking businesses.
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I always use the time around Christmas to challenge my outlook on what’s important in life through reading. This article presents my 2019 reading list which, to my surprise, turned out to focus mostly on one topic: creating value.
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Crypto Meets Banking: How to Blockchain-Enable the Financial Sector? On January 20, 2020, we will discuss this question at an event hosted by the Frankfurt School Blockchain Center and by BEI St. Gallen. We think it is now clear that blockchain, crypto assets and DLT have made their way, will not fade away and will revolutionize the financial sector. The question therefore is how to blockchain-/crypto-enable existing banks and financial institutions.
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Networking, collaboration, data – these are the new core concepts in wealth and asset management. On the one hand, it is about making all available and accessible in a digital format to increase the efficiency of business. On the other hand, it is central to understand the changing customer wishes and implement the right digitalisation strategy.
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Watch the gap; between the Attention Economy and financial services. Market forces are fiercely at work to start closing this gap. I shared insights around […]
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Especially within the last years we have seen high attention on network structures, organizational forms that question the traditional linear value chain and promote cross-industry […]
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Deutsche Version It’s a well-known fact that the amount of data collected is increasing. But effectively using data to improve customer experience remains more than […]
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