Digital Finance Blog

Interesting interview between the Austrian online magazine economy.at and our CEO, Oliver Dlugosch, about Open Banking as a challenge to time-honoured financial institutions, current industry trends and his experience as FinTech entrepreneur.

ndgit did some research for the latest data, trends and facts in the industry – and found what we're looking for at PwC, again. Enjoy an exciting and well-arranged ndgit-graphic showing which sectors have received the most money.

The whole financial industry is talking about Open Banking. The linchpin: the customer view! How do end customers perceive the topic? What do they want, what moves them, what worries them? ndgit did some research and, with the help of PwC data, created this interesting overview for you.

Hypothekarbank Lenzburg (HBL) has come a long way from its establishment as a loan house in 1868 to a digital universal bank that is now leading the way in Open Banking in Switzerland. With the help of API technology partner ndgit, it has developed its own core banking system, Finstar, which is now open to third-party providers (TPPs) and is the first Open Banking platform in Switzerland to match PSD2 requirements.

Examples of innovative regulatory initiatives around the world, the status of sandbox initiatives and the global status of Open Banking and PSD2 can be found in this exclusive ndgit graphic. Become an Open Banking Expert - now!

Cast off! Join the exciting journey of Open Banking with ndgit - worldwide! What do companies expect from Open Banking? What is the key to success? How do successful ecosystems emerge? What generates profit? ndgit has compiled all facts and figures for you and streamlined them into a vivid graphic.

Nils Elmark discusses the disruption in the banking environment and explains why financial executives must have bigger dreams. "They have to forget the past and leave the old business models behind and instead take the new FinTech and InsurTech tools on an adventure."

Open banking has many stakeholders and all are affected differently. But everyone needs to keep an eye on the opportunities and risks, reflect on them and act accordingly. Here you can see a comprehensive graphical overview including various Open Banking scenarios - immerse yourself!

Banking disruption forces banks to adapt to new technologies, with voice banking playing an increasingly important role. Voice banking may be the future and will change the financial sector permanently, but it also imposes new requirements on the IT security of banks.

Banks around the world are already in the midst of digital transformation, making processes much more convenient for customers. Even pain points such as loans can be processed digitally in 3 minutes from application to approval – thanks to Open Banking.

Lending money can be complex and expensive for financial institutions, which face strict compliance and transparency rules (many of which were introduced following the financial crisis over a decade ago).  While digitisation could make life easier, its progress is often stalled in operational silos with change viewed by various bank departments as a threat rather than an opportunity.

Kevin Smith is Head of Analytics & AI at Contovista. As a data scientist, Kevin Smith specialises in analysing data using AI methods and extracting actionable insights from it. In this interview, he answers three questions about the opportunities that data-driven banking affords for medium-sized banks.