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Inside Magazine EMEA Technology

The very first EMEA Technology edition of Inside magazine addresses the current hot topics capturing the technology market’s attention and provides you with technological related views and business practices in the financial industry.

Companies are confronted with a changing environment and need to respond to challenges from a digital perspective, a core transformation/technology perspective and a risk and cyber perspective.

Part 01 | From a digital perspective

What makes a successful Fintech hub in the global Fintech race?

A Fintech hub is the focal point for Fintech activity within a region or a network. It is the ecosystem encompassing the entire infrastructure, organizations and people within the hub, as well as how those elements are organized and engage with each other. 

Why open banking may be the solution for banks?

As the European Union tries to respond to an ever-evolving payment landscape in Europe through the Revised Payment Services Directive (PSD2), banks are facing important challenges while trying to be compliant. They will need to reconsider their operating models and how open banking may be the next logical step.

When Blockchain meets reinsurance 

Blockchain is one of the most promising innovations for financial services companies. According to the World Economic Forum, financial services will be transformed by blockchain technology, with the expectation that at least 10% of the global GDP will be processed by blockchain platforms by 2025.

Digital onboarding for financial services

In the financial services industry, the level of service offered to customers coupled with a strong branding are key to attract and retain clients. Arrival of new players reshaped the landscape of financial services providers and accelerated digitization of many processes and services.

Re-envisioning the customer banking experience

To compete in today’s shifting landscape, it is important for banks to wow their customers with experiences that are genuinely surprising in both their function and appearance. Addressing these changes may require speed and innovation to maintain exceptional customer loyalty and advocacy.

 

Part 02 | From a core transformation/technology perspective

Reengineering your core processes and service layer

Digital services require a flexible and readily adaptive service layer to manage the multitude of core processes within an organization, as well as providing a seamless and efficient service structure.

Your RPA Journey

RPA represents a low-cost solution for process improvement. It is a relatively simple and inexpensive software-based technology, it sits on top of other applications, requires no special hardware, and works well in almost any IT environment. The immediacy of the gains can be very attractive.

Accelerate the value of technology enabled business transformations

Taking advantage of improved user experience is not as straightforward for corporate technologies as it is in our daily private life. Leveraging technologies in a corporate context requires fully embedded technologies in the DNA of the organization, on top of technology adoption. 

 

Part 03 | From a risk and cyber perspective

Forensics? E-discovery?

Businesses are increasingly facing growing risks (fraud, theft of assets, complex litigation, etc.) involving digital evidence, which puts them in considerable jeopardy if these risks are not adequately anticipated and managed. 

The aftermath of ransomware

The first six months of 2017 have seen an evolution of ransomware. While the occurrence of new cyberattack methods is not going away, there are immediate lessons that can be learned and proactive steps to be taken by organizations to keep their businesses resilient against ransomware threats.

EduChain

Blockchain is fast becoming more than just a buzzword. There has been a recent shift to identifying other areas - than financial services for instance - or processes across industries where blockchain would have an impact. One such area is education qualifications.

Remote e-identification and e-signatures

As these new electronic services grow in magnitude, the risks related to cybercrime, identity fraud and leakage of personal data are also increasing. In this context, allowing citizens and businesses to identify remotely when performing electronic transactions is key for answering this need for mobility and convenience.