Hybrid business models are an effective approach to exploiting open source commercially. Careful coordination of licensing, governance, and integration into existing processes is crucial. With increasing digitalization, the importance of such models will continue to grow as they promote efficiency, innovation, and competitiveness.
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Open Finance is transforming the global financial industry and is becoming increasingly important in Switzerland as well. In the first part of our blog series, Stefan Knaus exam-ined the current state of Open Finance within Switzerland. In this second part, Friedrich-Philipp Wazinski takes the discussion beyond national borders.
How far have other countries come in implementing Open Finance? What lessons can be learned from international initiatives? And what steps must Switzerland take to ensure it remains competitive in the global marketplace?
The environmental and social challenges of our time clearly show that conventional economic activity is not enough. We need new ways of doing business that not only avoid damage but also actively contribute to building and renewing our natural and social foundations. Regener-ative finance, or ReFi, is such an approach which is not a passing trend from the tech world, but a movement that aims to fundamentally rethink and redesign financial systems.
In today’s blog post, Friedrich-Philipp Wazinski provides an overview of ReFi and outlines how digital technologies can be linked to the principles of regenerative economics to enable new forms of common good-oriented economic activity.
Wealth management is at a turning point. Never before have challenges and opportuni-ties been as closely linked as they are today. While the number of high-net-worth individ-uals (HNWI) and ultra-high-net-worth individuals (UHNWI) in Germany and Switzerland continues to grow [1-3], their expectations are also rising: individual advice, the urge for more self-determination, customized investment strategies and digital services are more in demand than ever [3-5].
In cooperation with Commerzbank AG, the Business Engineering Institute St. Gallen has published the white paper “Leading with Innovation in Wealth Management”. It high-lights key developments and trends in wealth management with a particular focus on application programming interfaces (APIs) and distributed ledger technology (DLT). This article summarizes the key findings and shows why innovation can contribute to sus-tainable competitiveness in wealth management.
