Blockchain, the shared ledger technology which allows any participant in a business network to see the system of record – will have a transformative impact on a number of industries, including financial services, in the future. Blockchain is still in its relative infancy, but a number of initiatives under way are already driving its progression [...]
The continuous development and excessive usage of APIs is effecting all industries, and it opens up endless possibilities in terms of information flow, triggering new business models on a global scale for all industries. New beginnings for your digital transformation In October 2017, Nordic APIS arranged The 2017 Platform Summit event in Stockholm, where SEEBURGER [...]
Customer expectations have placed tremendous pressure on automakers to change the way they establish their strategies and manage their organizations. Connected vehicles are a leading area of investment for the auto industry. Before long, every aspect of vehicular transportation will be controlled by telematics and information technology. How IoT Will Make Smart Cars Even More [...]
Legacy modernization is a constant attempt for companies to improve their services and to provide the quickest access to information. Organizations are challenged to cope with new applications and to constantly adapt their legacy software to keep up with the latest trends on the business field. The purpose is to improve customer service and compete with [...]
Companies in all industries are being pulled into the digital age. Customers now expect seamless experiences with the online products and services they use, and they will leave behind businesses that aren't able to meet those digital expectations. Many CIOs are managing huge, complex internal systems — many dominated by legacy IT — and cannot [...]
Bankers, you're forgiven if you're a little confused on what to do with millennials given the seemingly endless — and often conflicting — research released about the younger generation's attitude toward financial institutions. As consumers, Millennials’ relationships with brands and how they choose to do business has been truly perplexing to most. In no area [...]
Banks and other financial institutions entered 2017 facing an increasingly daunting framework of anti-money-laundering (AML) laws and regulations. During the past several years, regulatory agencies have been aggressively stepping up their enforcement actions, and they’ve levied huge fines for compliance failures. Having a comprehensive compliance program in place is becoming more critical than ever. Financial [...]
The General Data Protection Regulation (GDPR), agreed upon by the European Parliament and Council in April 2016, will replace the Data Protection Directive 95/46/ec in Spring 2018 as the primary law regulating how companies protect EU citizens' personal data. Companies that are already in compliance with the Directive must ensure that they’re compliant with the new requirements of [...]
Amid the regulatory requirements hitting banks, financial firms are especially interested in a new European regulation that will come into effect starting January 1, 2018. It’s Directive 2014/65/EU on markets in financial instruments – also known as Markets in Financial Instruments Directive II (MIFID II). MIFID II affects all actors in the financial industry. On [...]
Don’t let regulatory compliance be a tsunami. Keep Calm and Compliance On In this four-part blog series we will cover the key requirements of PSD2, MIFID II, GDPR and AML. It all began in 2007, with the Payment Service Providers Directive (PSD), which sought to create a single payment market in the European Union to [...]
