Since PSD2 came into force, API banking has become a much discussed topic. In the same breath, the term Open Banking is often referred to – experts talk about new banking ecosystems. But what role do APIs play in banking at all, and how is their use related to opening the financial industry?
Outsourcing to cloud providers can be the cornerstone for modernization, but regulatory requirements and concerns about data security make financial institutions hesitant. With compliance know-how and the right criteria when choosing a provider, the step to cloud banking can be taken successfully.
According to an IBM study, advancing digital technologies, the increased demands of customers, and many new competitors require a profound change in banking. The pioneers of digital transformation are already taking action, positioning themselves at the center of open, agile platforms.
The effort of setting up a suitable IT infrastructure is one of the reasons why smaller financial institutions often shy away from digitalization projects. But the competition from the fintech base is already in the starting blocks. A cloud-hosted banking platform can be an interesting alternative.
Banks must change themselves quickly to remain important in a changing world. That's why platform banking is the right approach for banks to meet the challenges of digital transformation. And there are more reasons for this.
At CeBIT in Hanover for the first time: knowis AG as customer and business partner of IBM. Using an innovative mobility concept as an example, the Regensburg software company demonstrated how banks can open up completely new business models through the use of platform technology.
This year knowis AG will be at CeBIT. The potential of linked information in the banking sector will be demonstrated in a live showcase with an innovative mobility concept as an example. You will find knowis at the exhibition stand of IBM, in pavilion 34/35.
The step into digitalization seems to be a big one in the corporate lending business. Knowledge-intensive processes, often with exceptions, must be mapped and different inventory systems must be connected. We show the procedure for a digitalization project by a practical example.
knowis is a specialized software vendor located in Regensburg, Germany. Founded in 2004, the mission is to develop highly flexible and agile solutions, particularly with regard to managing and automating complexity.