EPAM secures EPAM Continuum and the overall consulting position in the DACH region with the acquisition of CORE SE — expanding their portfolio to include IT architecture and IT transformation management for European-based clients.
The Annual General Meeting of CORE SE has confirmed the following members to the Supervisory Board on July 18, 2021: Prof. Dr. Joachim Schindler, Holger Friedrich and Prof. Dr. Andreas Hackethal. Furthermore, Prof. Dr. Joachim Schindler was re-elected as Chairman and Holger Friedrich was re-elected Deputy Chairman.
CORE has appointed Dominik Siebert as Managing Partner, strengthening its payments consulting expertise on the executive board.
The Annual General Meeting of CORE SE has appointed the following members to the Supervisory Board on September 30, 2020: Prof. Dr. Joachim Schindler, Holger Friedrich and Prof. Dr. Andreas Hackethal.
In today's company landscape, most HR departments lack an understanding and active involvement in business strategy development.
IT systems exhibit a phenomenon very similar to the human ageing process. They become more cumbersome as they get older and lose the ability to adapt to changing market conditions quickly enough.
Consolidations through M&A transactions continue to increase in the financial industry as a result of externally driven transformations.
The 160-year-old idea of the cooperative is experiencing a renaissance in its basic idea of commitment to and co-determination by its members, as cooperative thoughts and values converge with current social value development.
Back at Bauhaus - Contemplative Design meets Think Thank in the form of COREmembers to discuss the agenda for the year ahead.
St. Petersburg - Venice of the North.
Art, culture and new impressions from behind the curtain, in an inspiring scenery as a source of inspiration for the new year.
CORE took part again at the JCNetwork Days in Würzburg with more than 500 students from variuos German cities and 23 companies on site. Besides workshops, keynotes and pitches we enjoyed meeting motivated Junior Consultants!
To implement meaningful and high-quality data analyses, data preparation is of paramount importance. One step in data preparation is feature engineering - an optional process designed to make information implicit in the model explicitly accessible.
Apple‘s strategy of establishing a secure identity management system on local devices for storing and re-using sensitive customer information, leads to the potential disruption of the exponentially growing and highly profitable identity market.
Libra experiences high regulatory requirements and resistance from politics. In the USA and Europe, almost unnoticed, "China-Coin" is about to go live. Is the "Euro-Coin" the right answer?
New market developments and regulatory rules increase the pressure on the advertising industry to develop new sustainable solutions on a both legal and technical level – as well as greater involvement in the political discourse.
Macroeconomic conditions, regulatory pressure and customer requirements are driving impetus in opera- tional IT management. Successful transformations require that strategic, organizational and techno-logical requirements are taken into account.
This Autumn all CORE members shared knowledge and new methodological approaches at our COREonsite at the E-Werk in Berlin.
According to the results of Lünendonk's annual study "Management Consulting in Germany", CORE SE significantly improves its ranking, from 21st place in 2018 to 13th place in 2019, and records above-average growth once again.
The Libra Association, an organization of currently 28 institutional members, has announced the launch of a crypto currency called "Libra" in 2020. Facebook, currently the major driving force is planning to release a wallet of the same name for Libra.
On 14th September 2019, the obligations for strong customer authentication of the PSD2 will take effect. The discussion since then and the lack of clarity forced the EBA to publish a further position paper on 21st June.
On September 14th 2019 the PSD2 will become applicable national law. The obligations of strong customer authentication under Article 97 of the PSD2 drawn up by the European Banking Authority, will thus also take effect.
The PSD2 will become applicable national law in September 2019. Along with it the obligations for strong customer authentication according to Art. 97, which are specified in the "Regulatory Technical Standards (RTS)", also become effective.
Once more we were blessed with a perfect midsummer at COREcampus in Berlin Wannsee. Together with our guests we celebrated the highlights and successes of the first half of the year. Till sun set – and some of us even longer.
The history of payment methods is very dynamic. In 1681 the introduction of checks and card payments started an unbroken trend towards making non-cash payments an everyday occurrence and increasingly usual in everyday life.
Berlin-based Technology Think Tank CORE SE opens its second location in Berlin in the E-Werk in Mauerstraße and continous to pursue its Berliner location strategy of obtaining historically and architecturally significant buildings.
Introduced in the U.S. at the end of 2014, Apple Pay recorded a moderate, but steady growth: According to its own figures, around 350 million users in 35 markets now use the card-based payment service. In 2018, Germany has become one of these markets.
This March our discussions of our Spring onsite were all about CORE's visions, project highlights and the maintance of quality. The pre-event took place at the renowned Regent Hotel Berlin and continued in the atmosphere of the stylish scene bar Kitty Cheng.
Card schemes enable simplified and guaranteed exchange of money by operating international networks and setting uniform standards. They define rules for the routing of payment authorizations and settlement requests in point-of-sale.
This COREoffsite was all about "Reorientation and Knowledge Management" and transformation:
In line with the company-wide realignment with a focus on the new entities "Research, Advisory, Consulting, Engineering and Operating".
Once again in December 2018 CORE set the bar high by celebrating a year of hard work and achievements at the Collège des Bernardins in Paris – symbol of free thinking, knowledge transfer and intellectual encounters.
Retail banking is undergoing radical change. New players and changes in the regulatory framework (e.g. PSD 2) mean that the market is being opened up as a result of market conditions and regulations, posing new challenges for traditional banks.
Christian Böhning's interview with Wirtschaftsforum is about the modernization of architecture and the realignment of IT organizations. Learn why technological and organizational challenges require a competent and motivated team to cope with.
This year CORE met more than 400 students and 100 company representatives in Kiel. Over two thrilling days, challenging case studies were handled and presented by participants of student management consultancies.
CORE SE has appointed Dr. Philipp Kleine Jäger to the Management Board to further strengthen CORE's technological expertise of high-quality technology solutions. Dr. Philipp Kleine Jäger is responsible for the business division COREengineering.
At this years' COREonsite all our colleagues came together and gathered to exchange updates on projects, discuss the knowledge agenda and put the latest topics within technology development into an ethical discourse.
Software and infrastructure projects are subject to fundamental change. The trend today is heading towards small, agile teams that work independently of each other and often spatially separated from each other.
Dr. Philipp Kleine Jäger of CORE at DigitalFuture Summit of ESMT Berlin among Niklas Wirminghaus of Capital, Alex Weber of N26, Karsten Traum of DKB, Volker Anhäuser of BNP Paribas and Dr. Roland Folz of Solaris Bank.
CORE SE has appointed Prof. Dr. Marian Margraf to the supervisory board, further enlarging the high competence of CORE. Prof. Dr. Margraf is a proven expert in online security, protection of critical infrastructures, and cryptology.
By appointing Artur Burgardt as Managing Partner, CORE SE strengthens its project management expertise in the context of the use of modern software technologies and associated agile methods on the board.
Holger Friedrich, MD of CORE SE, was invited to the IT security Panel alongside Esti Peshin (Israel Aerospace Industries) and Friedrich Merz (Black Rock) to discuss future security challenges for society, public administration and industry.
Agile methods are established as a standard for the implementation of software development projects across all industries. The motivation of those involved in the project and their willingness is an essential factor for the success of agile procedures.
Holger Friedrich, Managing Director of CORE SE, held a keynote speech at the Digital Banking. In less than 15 minutes he covered 25 years of civil history and gave the audience an overview of the rapid extent of technological development.
The Düsseldorfer Kreis, the conference of the independent federal and state data protection authorities on April 26th, 2018 confirms a regulatory framework and once again surprises an entire industry.
CORE SE is launching 'Pitch your Thesis', a program that gives ambitious bachelor's ad master's university students the opportunity to leverage CORE's knowledge and market access for their own research or theses.
The results of this in-depth study reveal CORE SE has achieved well-above average growth of 60% in the past year and is seen as a very strong competitor by more than 20% of respondents from our industry, and as strong competitors by more than 50%.
Safe ID management is essential for data protection compliance and online business transactions. VERIMI, Fraunhofer AISEC and COREengineering, publish a white paper contributing to the public discourse of security and data protection.
The developers, designers and engineers from CORE built a complex high performance platform . Intense teamwork in 335 days on the project and more than 200.000 lines of code were needed for the successful product launch.
VERIMI, the new European identity and data platform is now as a basic product available in the German market. Going-live is the first phase. In a second phase the platform will expand to connect additional partners as well as offer new platform features.
Users leave behind extensive traces when using apps and internet-based services. In contrast to the analog world, these generally remain available in the form of data and are analyzed and used by various service providers for a range of purposes.
This March, the discussions of our Spring onsite were all about CORE's main values freedom, responsibility and quality. The pre-event took place at the renowned Stue Hotel Berlin and continued in the atmosphere of the 1920's at Provocateur Berlin.
Artificial intelligence is undoubtedly one of the most highly discussed technology topics at present. You will struggle to find any mass media source which does not contain any reference to machine learning, deep learning or artificial intelligence.
From a regulatory point of view, 2018 is marked by a wealth of innovations and changes that have rarely been the case so far. They focus on data protection, money laundering regulation, risk management and the supervisory architecture of the institutions.
All our COREmembers were at our annual COREoffsite together at the Bauhaus in Dessau to exchange updates on projects, discuss the knowledge agenda and put the latest topics within technology development into an ethical discourse.
RTS of PSD2 is supposed to increase competition and innovation. But the regulations concerning strong customer authentication and secure communication (RTS SCA & SC) under PSD II now published by the EU Commission still do not provide sufficient clarity.
Every December, CORE pushes the mark to host a unique experience for the end of year celebrations, and this year was no different as we gathered 150 meters deep in the salt mines of Krakow to recap the successes of 2017.
Blockchain - of disruption, bubbles and the unexplored itself. Some of our COREmembers give a close and personel insight about their fascination for blockchain and what is special for them about working for CORE.
From patterns to understanding. Artificial Intelligence: mechanisms, applications and potentials. An insight from one of our COREmembers about the personal journey from education at university to becoming a consultant at CORE.
The success of payment services such as PayPal is largely due to their user-friendliness. Though they are expensive for retailers they often put up with these costs in order to stop customers from abandoning the process at the checkout.
Just like the Minimum Requirements for Risk Management (MaRisk) applicable to banks , the latest version of which BaFin published in late October, BAIT also interprets the legal requirements of the German Credit Act.
Following the implementation of the Basel Standard 239 the requirements concerning data aggregation and risk reporting for system-relevant credit institutions have now also been included in the Minimum Requirements for Risk Management.
The winning startups from the VERIMI Hackathon were invited to the COREcampus to take part in the VERIMI Workshop. After a hard-working day the teams presented their use cases and potential integration plan to the VERIMI CEO Donata Hopfen.
14 international startups gathered in Berlin for the VERIMI Hackathon event to work on a solution and develop interesting case studies for VERIMI. Besides prize money for the top three all top five teams are part of the exclusive go-to-market group.
Approaches aimed at increasing functionality with smaller budgets are frequently discussed at management level in established companies, but are rarely successfully implemented. Read more about the top key success factors.
CORE celebrated a Go-Live of a new IT-Platform – A Greenfield Transformation in the Financial Industry. We gathered the entire project team and involved people to revel in the Go-Live with a delicious BBQ and great music.
This September, selected students from all over Germany gathered at the COREcampus for the annual COREbootcamp. The provided case study offered the students the opportunity to work in teams to improve their skills.
All our COREmembers attended our annual COREonsite at our COREcampus to exchange information on current projects, discuss new scientific findings and bring the latest topics of technology development into an ethical discourse.
The cross-industry registration, identification and data platform partnered by leading German and European companies is taking shape. VERIMI is well on schedule and will go live at the turn of the year 2017/2018.
The technologically driven change in the financial industry is entering a new phase. While banks have developed a common digital ecosystem with fintechs in the past, technology companies have been shaping new structures – a growing impact on the financial industry in the future.
Classic IT due diligence does not adequately cover all areas of digitization and therefore needs to be transformed . The amount of data available enables compliance risks to be identified more efficiently and in a more targeted manner for corporate transactions.
The EBA has published draft guidelines on fraud reporting requirements in accordance with Article 96(6) of PSD II. It define a detailed breakdown of data and payment service providers will need to make extensive changes to their reporting system or set one up.
EBA publishes final document with recommendations for requirements applicable to a non-cash transaction reporting system for payment service providers and bank regulatory authority. Final recommendations virtually unchanged from the draft published earlier.
The fourth Anti-Money Laundering Directive of the EU was adopted on June 26, 2015, as a response to the changing requirements. The EEA states had until June 26, 2017, to transpose the minimum requirements stipulated into national legislation.
Although the weather put an end to our lucky streak at the COREmidsummer, we did not let the rain dampen our spirits as we celebrated the year's successes inhouse. Together with our guests we celebrated the highlights and successes of the first half of the year.
CORE took part at JCNetwork Days in Mainz. We worked with numerous students from all over Germany to discuss the latest topics in our industry through workshops and presentations. A career fair gave the students the opportunity to talk to CORE.
Christine Lagarde held an lecture at the ESMT in Berlin. The event entitled “Innovation, Technology and Growth” focused on the opportunities and risks of technological progress as well as recommendations by the IMF to governments on how to handle these risks.
The finance industry is not immune to structural change. Macroeconomic political frameworks, digitalization, the competition, changing customer behavior and regulatory demands all represent enormous challenges for financial institutions.
The discussion will focus on two topics: (1) video identification methods and (2) trustee services, and the overarching question of whether video identification and QES offer viable solutions for the digital future of banks.
The press coverage placed emphasis on the vulnerability of IT systems to attacks and the need for them to improve their IT security, whereas BaFin and the Bundesbank announced important details regarding future supervision and monitoring of IT.
After taking account of 224 comments received back from the market, the EBA published the final version of the RTS. Depending on approval by the European Parliament, the RTS will come into force from November 2018 at the earliest.
CORE attended this years Finovate, in order to identify trends and report on highlights. A total of 71 Fintechs were able to present their services to an international audience at Billingsgate Market Hall, located in the heart of London’s financial district.
Agile methods are widely used across a broad range of industries – growing market dynamism means they are becoming more important in the finance sector. Shared leadership is important to encourage innovation in complex environments.
BaFin president states new regulatory challenges for 2017. Fintech regulation and security aspects, together with payment transaction solutions, is now a central focus for regulatory bodies. The regulatory agenda requires further digitalization.
To properly celebrate the past year, all COREmembers were invited to Italy. In the evening we went by boat towards Teatro la Fenice. With a long, glamorous night at the opera in Venice we let the eventful and successful year conclude.
To respond effectively to Chinese tourists in Europe, a push has been made to increase the number of sales points in Europe that accept AliPay through partnerships. AliPay has the potential to become a significant threat to the customer interface.
EBA publishes a document with “recommendations” for requirements applicable to a cash-free transaction reporting system for payment service providers and bank regulators. EBA provides a classification scheme based on 7 criteria and thresholds.
Instant payments are announced, as a further innovation in pan-European payments, to promote free movement of capital. Payment transactions are to be processed within a few seconds, bringing major challenges for banks, especially in regards to IT.
At this year's BDSU ‘Autumn Congress’ more than 300 students came to Berlin. Some of the participants were exclusively invited by CORE to work on a study, together with our experts, on innovative payment systems in banking.
About the Consequences of Digital Transformation for Organizations and IT. My first thought when considering digital transformation, and drawing on my academic background, is to see it as a heavy-sided function with a scaling factor of one.
The “Connected Car” Database Highlights the Reluctance of European and German Providers. The USA is beginning to dominate the future market for transport services. Digitization presents a significant threat to well-established European market structures.
CORE published a study titled “The Primacy of Technology”. The use of new technology and technological know-how in management is critical to improving efficiency and opening up the potential of the market.
Risk management is one of the core competencies of the finance industry. ORE was published as an open-source solution for risk management at financial institutions and has high efficiency potential for the core business of financial institutions.
The EBA is strengthening the major aspects of RTS in terms of strong customer authentication and secure communication for cashless transactions. SCA occurs only once a month with AISPs and the use of PSD II interface is mandatory for TPPs.
The database of InsurTechs provides an overview of companies with innovative business models in the German insurance industry. Evaluations show the bias of InsurTechs on sales and sales support regarding insurance services.
The European Banking Authority publishes RTS with requirements for strong customer authentication and secure communications for cashless transactions. Requirements have numerous impacts on security, processes and the business potential of institutions.
In 2016, CORE began their voyage at La Coruña in Spain and battled low winds and balmy weather to the port of Bilbao. During their 2 days on board, the crew taught us how to lower the sails, steer the ship and keep a look out for what's ahead.
Current developments in the field of transportation present new challenges but also offer new potential for the automotive industry. Car manufacturers’ existing solutions form a solid foundation but are not enough in the long term.
Changes and opportunities arising from the structural change in the payment transactions market picked up by international stakeholders and, in particular, those outside the industry. Banks faced with a choice: proactive cooperation or protectionist defenses.
We were blessed with a perfect midsummer at COREcampus Wannsee. Together with our guests we celebrated with a BBQ the highlights and successes of the first half of the year. Till sun set – and some of us even longer.
The IT Security Act (IT-SiG) has been in force since July 25, 2015 and stipulates two key requirements of operators of critical IT infrastructure: Maintaining a minimum security threshold and setting up regulatory reporting.
Following the start in a stylish setting in "Fischers Fritz" at the Regent Hotel and the SOHO House Berlin, we evaluated new trends in finance and discussed innovative solution approaches on our Knowledge Onsite.
Tokenization is basic technology for increasing security and data protection when processing mobile payments at point of sale. It replaces sensitive payment data with non-sensitive surrogates coupled to specific transactions.
With a growing number of interconnected smart devices in the market, the Internet of Things (IoT) is bound to become a reality and security is still a critical requirement. Blockchain based solutions can be used to address some of the security challenges.
In December 2015, CORE raised the bar and celebrated an eventful and successful past year in Romania. There we enjoyed the winter weather in the snow-covered mountains and spent a glamorous long night at Bran Castle.
In recent years, the classical retail banking business has been characterized increasingly for its transformation. Along with the digitization and the rapid growth of e-commerce, however, an increased amount of incidents of online identity loss occurred.
We were blessed with a perfect midsummer at COREcampus in Berlin Wannsee. Together with our guests we celebrated with a BBQ the highlights and successes of the first half of the year. Till sun set – and some of us even longer.
The amendment to the PSD II follows the European regulator’s intention to further strengthen competition in the field of payment services. Initiatives taken by financial institutions such as the ZOB interface, led to a variety of reasons for insufficient market acceptance.
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