Steffen Lorenz

Steffen Lorenz

Recent posts

  • 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…

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  • 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…

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