Are we really abolishing ourselves?   The topic of artificial intelligence (AI) has been discussed so often in recent days. The German government plans to spend several billion Euros to make Germany fit and to keep up the pace in the dramatically increasing competition of R&D within the field of AI. Companies from Silicon Valley…

New providers are pushing into a market dominated previously by banks So far, banks in particular have assumed that foreign payment transactions are a monopoly of the banks. Until now, it has been complicated and time-consuming to provide this service. For cross-border money transfers, correspondent banks are required for the various target markets and sometimes already…

Although in force since January of this year, in the eyes of many PSD2 will only become really relevant and complex with the final entry into force of the RTS (Regulatory Technical Standards for PSD2) on 14th September 2019. In addition to Strong Customer Authentication (this is worth a separate contribution…), the RTS will above…

Trends come and go – this also applies to payment transactions. The drivers of innovation are often technological progress, regulations, costs and the customer. But what are the latest developments and research in this area? An OSTHAVEN perspective on the future in banking and payment. Now, be honest, how many different passwords do you actually…

The quote “Banking is necessary, Banks are not” provides a good entre when it comes to shaping the future of banks and is therefore an integral part of PowerPoint slides given to senior management in banks and savings banks. It can be found in various articles and magazines and is often mentioned in connection with…