Steffen Lorenz
Recent posts
-
Integration & APIs -
Business Transformation
The process challenge of sustainable finance
Global warming, biodiversity under threat, exhaustion of resources, and social inequities. Sustainability is the challenge of the century, with both threats and opportunities to tackle at the same time. Take climate change and the transition to net-zero economies as an example - the impact on financial services companies is huge. The World Economic Forum estimates that $4-5 trillion of global… -
Integration & APIs
Take an agile approach to embedded finance
Embedded finance is a trend that will significantly change the cooperation of financial services corporations with non-financials, especially small and medium-sized companies. Embedded finance, the seamless integration of financial services adopted by non-financial companies, could comprise a quarter of the banking market with small and medium enterprises (SME) by 2025, equaling $124 billion in revenue, according to Accenture. This estimation… -
Business Transformation
Process mining helps banks comply with sanctions
Sanctions violations in banking have become a political hot potato due to the situation in Ukraine.Global sanctions imposed against Russian banks and individuals complicate what is already a tricky problem for financial institutions. Many banks are currently enjoying record profitability, but this is not reflective of the previous decade. When it comes to profitability, according to McKinsey, half of banks…
