• Technological progress and a constantly changing market environment continue to lead to massive and lasting changes in the financial industry

  • Context-sensitive banking is becoming increasingly important and is leading to novel usage for classic as well as innovative services in banking

  • We at CORE use well-tested methodologies, innovative ways of thinking as well as our expertise in future-oriented technology development to address current business challenges and attain sustainable banking solutions.

Insights

Reference items
Whitepaper

Green Finance

Corporates and PEs can benefit from an integrated IT support system to automate environmental data gathering from direct and 3rd party sources, rapid and accurate data analysis, validation against specific environmental reporting standards, and creation of sustainability reports to the rigor of f

9th May 2023
Blogpost

Big Techs vs. Banks: Payments first then Banking?

In May, the EU Competition Commission found that access to Apple's NFC interface could have been unlawfully restricted. A compulsion to open the NFC interface could trigger far-reaching market movements in mobile finance.

21st July 2022

Market situation in Banking

 

Established banking business models are facing disruption from fintech companies across various sectors. The value chain is shifting towards these new market players. In an industry that is already largely digitized and continuing to undergo digitalization, technological progress remains a significant driving force. Banks are aggressively transforming their core positioning through more efficient customer journeys, end-to-end process digitization, robotic process automation, and gradual portfolio expansion.

Simultaneously, fintechs and technology companies are challenging the customer interface of traditional banks. Platform offerings are pushing traditional banking services into the background, encouraging platform users to avail themselves of the providers' own services. The increasing competition is further accelerated by cost-effective white-label platforms offering full-service banking solutions to non-banking entities. Alongside the challenges posed by intensifying competition, regulatory requirements pertaining to transparency, complexity management, and risk governance for market participants are also on the rise. While banks cannot control technology and market developments, they can respond institutionally to these changes. Leveraging our extensive expertise, continuous market and trend monitoring, and proven frameworks, we can support companies in calibrating their organizational and technological measures to the best possible effect.

 

Industry Passion

Our methods are specifically tailored to address the unique challenges faced by our clients. We employ proven frameworks for technology transformation, ensuring support in making organizational management decisions. By evaluating technology and innovation potentials, as well as assessing organizational and cultural conditions, existing structures, and processes, we lay the foundation for deriving actionable measures. All our efforts are geared towards achieving enhanced agility, a crucial differentiating factor in the competitive landscape. Through the evaluation of technical debt, IT architecture reviews, and scrutiny of sourcing strategies, we assist our clients in achieving sustainable system development and maximizing success in an increasingly competitive environment.

Contact our experts

Reference items

Expert EN - Dr. Philipp Kleine Jäger

Prof. Dr. Philipp Kleine Jäger
Managing Partner
Dr. Philipp
Kleine Jäger

Dr. Philipp Kleine Jäger is Managing Partner at CORE and responsible for the expansion of Engineering Services. He has many years of experience in software development and technology management in...

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Dr. Philipp Kleine Jäger is Managing Partner at CORE and responsible for the expansion of Engineering Services. He has many years of experience in software development and technology management in the financial sector. In particular, cloud-native, scalable distributed microservice architectures, and innovative sourcing models are the focus of his work.

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Expert EN - Fabian Meyer

Fabian Meyer
Managing Partner
Fabian
Meyer

As Managing Partner at CORE, Fabian Meyer is responsible for the implementation of complex IT projects with a focus on digitalization projects in the banking industry. He has several years of consu...

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As Managing Partner at CORE, Fabian Meyer is responsible for the implementation of complex IT projects with a focus on digitalization projects in the banking industry. He has several years of consulting experience in the banking sector and in transformation engineering.

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Expert EN - Dominik Siebert

Dominik Siebert
Managing Partner
Dominik
Siebert

Dominik Siebert is Managing Partner at CORE and has extensive experience in complex transformation projects in the financial industry, from strategic conceptualisation to implementation management....

Read more

Dominik Siebert is Managing Partner at CORE and has extensive experience in complex transformation projects in the financial industry, from strategic conceptualisation to implementation management. At CORE, Dominik focuses on projects for the development and strategic positioning of digital payment solutions.

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