• The automotive industry is amidst a fundamental transformation, with electrification, autonomous driving, vehicle connectivity and shared services as primary drivers.

  • Leading market position of traditional OEMs being threatened more and more by new level of competition brought into the market by new disruptive technology driven companies, startups, and new global players.

  • Escalating regulatory requirements not only for classic automotive topics such as emissions and safety, but increasingly also for digital topics such as data protection, data security and data exchange.

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Blogpost

Three elephants of Scaled Agile implementation

In this blogpost we describe three elephants of successful SAFe implementation. Like the indian philosophy where the elephants were supposed to hold the Earth, these three dimensions: processes, values and leadership hold SAFe implementation from failing.

5th April 2023
Blogpost

IT due diligence for M&A deals

Konsolidierungen durch Fusionen und Übernahmen (M&A) nehmen in der Finanzbranche als Folge extern getriebener Umstrukturierungen weiter zu.

21st April 2020

Market situation in Automotive

 

Current challenges and trends in the automotive industry revolve around adapting to an increasingly electrified and digitalized world. Trends such as shared mobility, autonomous vehicles and electrification are reshaping the way vehicles are designed, manufactured, marketed, and used.

At CORE, we help our clients meet these challenges by defining and implementing their strategy, developing new business models and adopting new technologies focusing on technology, product, and customers. While we offer a wide range of expertise-driven services around the automotive sector, strategic technology-driven projects such as strategy development, enterprise architecture management and M&A related services, as well as data enablement are our home turf.

 

Industry Passion

 

Our commitment to the automotive industry is deep and institutional. We believe that the automotive industry will continue playing a major role in shaping our future economy and the way we are mobile. CORE advises the automotive industry because we understand the challenges this change brings and see the endless opportunities related to the changing market conditions having both: skills and knowledge to help our clients to master it. 

Our track record in the industry speaks for itself: we've helped numerous OEMs and suppliers from strategic review and discovery through to operational improvement in various areas alongside their value chains.

 

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Expert EN - Dr. Philipp Kleine Jäger

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

Dr Philipp Kleine Jäger is a Managing Partner at CORE, EPAM's business and technology consulting arm. He has over two decades of experience in strategic consulting and industry, and has supported ...

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Dr Philipp Kleine Jäger is a Managing Partner at CORE, EPAM's business and technology consulting arm. He has over two decades of experience in strategic consulting and industry, and has supported clients around the world, with a particular focus on the financial services sector. His work centres on profound, technology-driven corporate transformations and restructuring with a focus on business innovation. Philipp has also held positions as Chief Technology Officer and Advisory Board member for several FinTech companies, as well as Chief Architect for an international financial institution.

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CORE’s idea of combining technology and strategy consulting was born in Bauhaus.

A group of experts and intellectuals met in 2010 and discussed the possibilities to combine technology and strategy expertise and offer it as a service to the financial industry - the tech think tank was born. Inspired by Bauhaus' founding Idea of combining art and craft the founding team discussed its 2011 outlook in Bauhaus Museum.

Since then CORE's industry and service portfolio has been evolved spanning from Research over Consulting to Engineering and Operations to deliver a complete proposition tailored to the needs of the customer. Characterised by the high ambition level for quality and expertise in financial industry, CORE has made it its mission to accompany clients from other industries in their digital transformation with equal professional standards.

CORE retained over the years its institutional values and annual traditions by kicking-off the new year at Bauhaus Dessau discussing new market possibilities and strategic perspectives aimed at maximising clients' IT and business capabilities. Until today, CORE’s DNA is inspired by Bauhaus’s avant-garde.

Without organisational progress, technological progress is idle.

While in the past, departments and IT were often considered separately and optimised for themselves, the combination of department, IT and organisation is necessary to reflect technological progress. 
Organisational models that recognise and take into account technological development are well known. The steady advance of agile methods has already brought about a constant reflection on working environment in many organisations. 
Agile methods recognise that complexity does not decrease, but must be managed effectively so that companies and organisations can deal with changing framework conditions. Organisational development here ensures that people and areas in complex corporate structures are enabled to work together successfully.
The use of suitable frameworks is important here, but mostly a downstream discussion, as it requires a fundamental paradigm shift from previously often classic structures. Agile should be seen as a vehicle for responding to a constantly changing market.  
The necessary flexibility and the handling of significant uncertainties can be accompanied and ensured by strategically designed organisational development. 

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Expert EN - Nicolas Freitag

Nicolas Freitag
Director
Nicolas
Freitag

Nicolas Freitag is a Director at CORE. Nicolas applies his experience from his professional training as a banker, his studies in economics and his many years of developing career networks throughou...

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Nicolas Freitag is a Director at CORE. Nicolas applies his experience from his professional training as a banker, his studies in economics and his many years of developing career networks throughout Germany to clients in the development of corporate strategies, the development of digital business models, and the management of agile software developments.

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Finding clarity and structure in project- and programmmanagement 

The business world is changing faster and faster - little is left of rigid corporate forms today. Companies and organisations need to be fast and adaptable.
To achieve this speed and adaptability, more and more work within companies takes place in projects and programmes. But even work in projects and programmes is no guarantee for success - too many influencing factors determine success and failure. 
As a consultancy, project work is our everyday business - so our clients from all sectors benefit from many years of experience in the management of complex transformation programmes and projects. In doing so, we rely on both self-developed and standard market frameworks and tools that provides the necessary structure, transparency and planning security in our projects. 
Every project is different - from agile to waterfall - we are trained to analyse the most complex issues in the shortest possible time, to unravel our clients' challenges and identify possible solutions, and to assist with these. It is important for us to pass on the knowledge we have acquired to our clients so that we can further empower them and their organisations. 

 

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The transformation from the analogue world to the digital one

The importance of software development has increased rapidly in the last decades. Transformation is ubiquitous and everyone has heard of agile projects, the Scrum framework, and perhaps even Domain Driven Design. These frameworks and methodologies can be used as examples of well-known software development paradigms, but they are not just three examples from a wide variety of paradigms: in technology-driven and volatile times, they need more than ever to be executed with a good understanding of what works and what does not in the real world. 
As a technology think tank, we strive for excellence, just as we value experience. In our software development projects, we therefore use a variety of proven yet innovative paradigms and frameworks. 
Depending on our clients, specific project goals, environmental factors, development partners, and others, we choose the right approach, as we have proven many times. 
We transform core banking platforms, develop mobile apps and can help our clients every step of the way.  

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Whitepaper

The Primacy of Technology

In the face of structural changes in the finance industry, financial institutions are under a high amount of pressure to adapt. After all, their entire business model is being called into question.

8th September 2016

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Expert EN - Philipp Gampe

Philipp Gampe
Manager
Philipp
Gampe

Philipp Gampe is an Manager at CORE. He studied computer science in Bonn and Potsdam. As a specialist for cloud infrastructures and architectures, he implements new projects in the cloud and helps ...

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Philipp Gampe is an Manager at CORE. He studied computer science in Bonn and Potsdam. As a specialist for cloud infrastructures and architectures, he implements new projects in the cloud and helps with the migration of existing applications. In addition, he supports the automation of deployment and development processes as well as comprehensive automated testing.

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Expert EN - Karsten Trostmann

Karsten Trostmann
Director
Karsten
Trostmann

Karsten Trostmann is an Director at CORE. As a computer scientist, Karsten covers the main topics of IT strategy, evolutionary IT architecture, domain driven design, agile software development, and...

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Karsten Trostmann is an Director at CORE. As a computer scientist, Karsten covers the main topics of IT strategy, evolutionary IT architecture, domain driven design, agile software development, and cloud infrastructures. Karsten’s previous project experience at CORE includes evaluating the platform strategy for a digital insurer, developing cloud operations for an identity provider, and architecture reviews in various projects.

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Highly dynamic technological development and the need to adapt business models quickly require companies to be able to change at a high speed. On the IT side, a stringent architecture is a basic prerequisite for the long-term sustainable development of IT. This enterprise architecture must enable flexibility and continuous modernisation and, on the other hand, limit the diversity of technologies and architectures. 
Architecture development mainly takes place in IT projects and focuses on using the best architecture for the respective business problem. These project architectures must be combined into a consistent overall architecture.  
A structured domain architecture is the basis for the entire architecture management. In particular, central IT domains with overarching importance should be identified and provided across the board. The domain architecture is flanked by focused architecture guidelines and specifications regarding usable technologies.  
CORE supports the development of project architectures as well as the construction of a comprehensive enterprise architecture. We use methods such as Domain Driven Design and Technology Management as well as extensive knowledge of available technologies and reference architectures.

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Expert EN - Karsten Trostmann

Karsten Trostmann
Director
Karsten
Trostmann

Karsten Trostmann is an Director at CORE. As a computer scientist, Karsten covers the main topics of IT strategy, evolutionary IT architecture, domain driven design, agile software development, and...

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Karsten Trostmann is an Director at CORE. As a computer scientist, Karsten covers the main topics of IT strategy, evolutionary IT architecture, domain driven design, agile software development, and cloud infrastructures. Karsten’s previous project experience at CORE includes evaluating the platform strategy for a digital insurer, developing cloud operations for an identity provider, and architecture reviews in various projects.

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Owning the platform is owning the customer – but at what price?

Transaction volumes are increasingly generated via platforms that bring providers and customers together and thus act as intermediaries. Although intermediary models are already widespread in the analogue world in the form of travel agencies or brokerages, these models only really scale on the internet and shaping the concept of the platform economy. 


For customers, platforms offer access to different providers with a one-time registration. For providers, platforms offer contact with customers without requiring their own frontend. The platform itself supposedly benefits the most – today, the quality and quantity of the customer contact determines the value of the company more than ever, and being in control of this contact is next to priceless. However, the advantage of direct contact comes with a price to pay - in particular the technical integration of multiple providers with often very different interfaces represent a complexity that is initially difficult to assess (and therefore often underestimated). Platform providers also need to define contractual relationships, orchestrate payment flows according to regulatory requirements and, arguably most importantly, establish a successful platform business model.

By combining professional competence in the conception of customer-oriented business models, technical know-how in implementation and experience in defining sustainable business models, CORE supports clients from conception and implementation to the efficient operation of platform models.

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Success Story

Strategy and concept for a national Open Banking Plattform

International financial services provider wants to build its own open banking platform for the entire Swiss financial sector - various stakeholders are unbound regarding the scope and goal of the new platform.

9th October 2018

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Reference items

Expert EN - Philipp Gampe

Philipp Gampe
Manager
Philipp
Gampe

Philipp Gampe is an Manager at CORE. He studied computer science in Bonn and Potsdam. As a specialist for cloud infrastructures and architectures, he implements new projects in the cloud and helps ...

Read more

Philipp Gampe is an Manager at CORE. He studied computer science in Bonn and Potsdam. As a specialist for cloud infrastructures and architectures, he implements new projects in the cloud and helps with the migration of existing applications. In addition, he supports the automation of deployment and development processes as well as comprehensive automated testing.

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It takes less time to do things right than to explain why you did it wrong.

Compliance with internal and external requirements is an elementary component of planning and implementing change projects in a way that is fair to one's interests and risks. Of course, this also applies to digitalisation and IT transformation projects such as the introduction of apps and changes to the IT architecture.

The inclusion of the compliance perspective in the design of the company's services, but also in the contracts with involved service providers (for example, in the design of software and licence agreements) protects the company from penalties and reputational damage and creates the basis for effective control of important requirements. Consideration of regulations, including data protection, but also of market-specific requirements such as those of MaRisk and the EBA guidelines, thus establishes a secure design of projects and contracts.

This ensures that unnecessary costs are avoided, and risks mitigated, and that a service and product design and contract structure is created that is in line with their  interests and practical approach. 

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Blogpost

ZAIT – Comparison to BAIT

At the same time as the Banking Authority IT Requirements (BAIT), the German Federal Financial Supervisory Authority has also updated the Payment Services Authority IT Requirements for Payment and E-Money Institutions (ZAIT).

3rd March 2022
Blogpost

VAIT - Update 2022

This blogpost analyses the BaFin circular "Insurance Supervisory Requirements for IT (VAIT)" and puts it in the context of BAIT and ZAIT.

1st April 2022

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Expert EN - Muskaan Multani

Muskaan Multani
Manager
Muskaan
Multani

Muskaan Multani is a Manager at CORE and has abackground in business law and strategic consulting. As a legal consultant and through various internships during her during her studies, she has alrea...

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Muskaan Multani is a Manager at CORE and has abackground in business law and strategic consulting. As a legal consultant and through various internships during her during her studies, she has already worked on various projects in the compliance accompanied. She is responsible for supporting project teams and clients with and clients in business-critical technology transformations.

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Expert EN - Carola Bader

Carola Bader
Expert Manager
Carola
Bader

Carola Bader is an Expert Manager at CORE and has extensive experience in the areas of compliance and risk management in the financial industry. She focusses on
advising financial service provider...

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Carola Bader is an Expert Manager at CORE and has extensive experience in the areas of compliance and risk management in the financial industry. She focusses on
advising financial service providers on implementing effective compliance strategies, meeting regulatory requirements and combating financial crime.

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Also interesting

Data protection and information security as two sides of the same coin.

Data protection is not possible without good information security. The hinge on both sides of the coin is the Technical Organisational Measures (TOM). These deposit in both as Privacy by Design and Privacy by Default. Other parallels in both spheres are risks, storage, and governance. Risks are handeled as a part of risk management of information security and as a part of data protection od data protection impact assessment (DIA), information is subject to retention periods. However, if information is also personal data, it is subject to deletion periods - together they form a mostly irresolvable contradiction.

Both sides must introduce minimum governance for their treatment: Control function (IPM or DPO), prioritised treatment by management, sufficient resources in terms of staff, technology and time. It is obvious to organise both topics in management systems: Information Security Management System (ISMS) and Data Protection Management System (DSMS). An ISMS should be set up according to the ISO 27001 standard, a DSMS precisely not according to the ISO 27701 standard. For data protection, the straightforward approach according to the GDPR is recommended. Both spheres remain in motion and offer space for new surprising solutions. 

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Blogpost

ISMS as a management tool for XAIT

With the help of certified information security management systems (ISMS), institutions can fulfil a large part of the xAIT requirements (BAIT, ZAIT, KAIT, VAIT).

22nd September 2022
Blogpost

DORA – Delta View

DORA is intended to transfer national regulations in the area of financial market regulation into uniform, harmonised EU law. This blog post focuses on the delta to current regulation, i.e.

25th October 2022

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Reference items

Expert EN - Muskaan Multani

Muskaan Multani
Manager
Muskaan
Multani

Muskaan Multani is a Manager at CORE and has abackground in business law and strategic consulting. As a legal consultant and through various internships during her during her studies, she has alrea...

Read more

Muskaan Multani is a Manager at CORE and has abackground in business law and strategic consulting. As a legal consultant and through various internships during her during her studies, she has already worked on various projects in the compliance accompanied. She is responsible for supporting project teams and clients with and clients in business-critical technology transformations.

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Expert En - Artur Burgardt

Artur Burgardt
Managing Partner
Artur
Burgardt

Artur Burgardt is Managing Partner at CORE. He focuses, among other things, on the conceptual design and implementation of digital products. His focus is on identity management, innovative payment ...

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Artur Burgardt is Managing Partner at CORE. He focuses, among other things, on the conceptual design and implementation of digital products. His focus is on identity management, innovative payment and banking products, modern technologies / technical standards, architecture conceptualisation and their use in complex heterogeneous system environments.

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