Decentralized identities as enablers in open banking

The digital transformation has profoundly changed the way banking services are used. Banking advice is no longer limited to visiting a branch – customers now expect a seamless, cross-channel experience when accessing banking products. Decentralized identities, also known as Self-Sovereign Identities (SSI), could play a crucial role in this and further change the relationship between banks and their customers. In this article, we will take a closer look at the most important aspects, challenges and opportunities of this development.

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AI cases in banking – AI radar of the Business Engineering Institute St.Gallen

The financial industry is beginning to undergo a profound transformation through the use of AI. In particular, the use of generative AI opens up the possibility of creating new content such as texts, images, videos or music. In autumn 2024, we started building an AI radar that systematically analyzes use cases of banks in German-speaking countries. This blog post offers an overview of use cases and maturity levels in the banking sector and provides exciting insights into the status quo.

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Five Cloud Myths about Core Banking Systems (Article 2)

In collaboration with Swisscom, a series of articles has been created to answer the typical cloud myths in a banking context. We will try to explain these together with three articles and give you simple and common cloud wordings to help you understand the cloud.

In today’s article, we will clarify Myth 1 and Myth 2:

Myth 1: The cloud always saves money

Myth 2: The cloud makes it easy for cybercriminals

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Five Cloud Myths about Core Banking Systems (Article 1)

In collaboration with Swisscom, we have created a series of articles to address the typical cloud myths in the banking context. We try to explain these together with three articles and give you simple and common cloud wordings to help you understand the cloud.

In today’s article, we clarify the current market trend and the different cloud models that are available.

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