What is currently moving the industry?

What will be possible in 20 years?

What if visions of the future become solutions for the present?

Let’s find out!

„Curse or blessing – from the (mis)understanding between banks and FinTechs“


Banks and FinTechs are now in reality?

Banks and FinTechs, not so long ago still like fire and water, have apparently arrived in reality in the meantime. The FinTechs are increasingly looking for supporters for their own ideas and find these more and more in the banking environment, because here too a fundamental rethinking has taken place. And each of the two formerly opposing groups seems to have found its position in the game of customer favor and is focusing on its strengths…

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„Quo vadis foreign payment transactions?“


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. . This “quasi-monopoly” of banks in foreign payment transactions (cash (money) transfers from Western Union and Co. excluded) is slowly dissolving and new providers are successfully establishing themselves in the market for foreign payment transactions…

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„Bank diversity in the conflict between innovation and economic efficiency“


Continuous decline in the number of German banks and savings banks.

According to the German Bundesbank, there were 1,823 credit institutions (banks and savings banks) in Germany at the end of 2017; compared with 2007, this represents a reduction of almost 20 percent.

According to the Savings Banks Association, the number of savings banks alone has fallen to 385 (a decline of 28) since 2015. The reduction in the cooperative financial sector in the same period was actually 106, down to 915 …

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„PSD2 – A race against the clock?“


What banks should consider for timely implementation.

On 13th January, 2018, the PSD2 came into force and has been the law since then. But there can be no talk of relaxation among banks in Europe, because there is still a lot to do. The regulatory standards for strong customer authentication and common and secure communication, RTS for short, issued by the European Banking Authority (EBA) give financial institutions 18 months to implement them. That sounds like a lot of time, but …

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„3D Secure 2.0 – Facelift or Quantum Leap?“


The new generation of cardholder authentication “3D Secure 2.0”

3D Secure has often been (and still is being) promoted as the magic miracle cure, which should cure the misery of default on the merchant side. Initiated by VISA in the early years of this millennium and prominently placed as said miracle cure, however, the teething troubles soon showed up – first and foremost the problems with the “conversion rate” …

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„The Future in Banking
& Payment“

POSTED ON 07. MAY 2018 BY Henrik Büttgen, Dennis Jäger, Jana Schneider

Once Science-Fiction – today it becomes reality.

Trends come and go – this also applies to payment transactions. The drivers  ofinnovation are often technological progress, regulations, costs and thecustomer. 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 use for youreveryday business? Studies have shown that …
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„Options for PSD2 implementation“

POSTED ON 04. MAY 2018 BY Jan Claas Bringezu

Compliance only vs. Exploitation of Opportunities

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 …
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„Banking is necessary, Banks are not.“

POSTED ON 02. MAY 2018 BY Dennis Jäger

Der Zahlungsverkehr als bedrohte Kernkompetenz

Das Zitat „Banking is necessary, Banks are not“ bietet ein gutes Entre, wenn es um die Zukunftsgestaltung von Banken geht und ist daher fester Bestandteil von PowerPoint-Slides, die vor der Führungsebene in Banken und Sparkassen gehalten werden. Es lässt sich in diversen Artikeln und Magazinen wiederfinden und wird häufig im Zusammenhang mit der Disruption im Finanzsektor genannt. Die Worte stammen von Bill Gates und wurden vom selbigen bereits 1994 kundgetan. Zu der Zeit befand ich mich in der vierten Klasse und war schlicht über die Einfachheit des Bankensystems verblüfft. Wenn man Geld brauchte, ging …
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