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Blockchain or, more precisely, Distributed Ledger Technology (DLT) is currently one of the hot topics in the banking industry. Its main focus is on clearing and settlement, where DLT can reduce reconcile efforts, address liquidity needs and accelerate processing. Several reports and studies suggest benefits and substantial savings – in particular, when DLT is applied in financial market infrastructures spanning multiple jurisdictions. But there are also a number of open points, not least in the legal and regulatory realms.
Nonetheless some firms are already operating DLT based infrastructures, for example, Ripple. Classic financial institutions mainly have small-scale projects underway, handling digestible volumes with the primary goal to better understand the capability of the technology and its impacts.
DLT touches many areas, including business models, processes, pricing models, governance, as well as legal and regulatory frameworks. But it can also enable initiatives driven by regulators to gain better and near real-time transparency about activities in financial markets. It is expected that parts of the financial market infrastructures will change significantly, as will the roles of important players like Central Securities Depositories (CSDs) and regulators.
A study by UK Government (HM Goverment, 2015) estimated that 81% of large corporations and around 60% of small corporations suffered from cyber breaches in 2014 across various business sector in London and South-East England. For Germany and Central Europe, (Andreas Schmitz , 2016) shows that security incidents rose by a staggering 38% in 2015. The typical loss from the cyber breaches are data loss, outage, physical damage, privacy issues etc. In any kind, the organization suffers financially and/or a brand is damaged. It is therefore essential to be prepared to avoid such a breach but also to be backed up in case breaches actually happen. Cyber insurance (also known as Cyber risk insurance) is the answer to exactly this kind of concern. The cyber insurance providers and their insurance policies are able to cover or reduce the losses that an organization may incur because of cyber breaches.
Autor: Dominic Petrak
Die Bereitstellung und Nutzung von Open Data durch die öffentliche Verwaltung kommen gerade in Deutschland bislang noch recht zögerlich in Gang. Dies ist in vielen Fällen vor allem dadurch begründet, dass Entscheider und potenzielle Treiber den Aufwand und die Komplexität derartiger Vorhaben recht hoch einschätzen und vor einer Umsetzung zurückschrecken. Diese Einschätzung ist jedoch nicht korrekt: eine Veröffentlichung von Verwaltungsdaten muss ganz und gar nicht komplex und aufwändig sein.
Alle Wege beginnen mit ersten Schritten. Wie diese ersten Schritte auf dem Weg zur Erschließung des Potenzials von Open Government Data genommen werden können, skizzieren wir im Folgenden. Read More
Why Real Estate Organizations Should Care About Artificial Intelligence and Robotic Process Automation
Artificial intelligence (AI), particularly in combination with process automation, is a powerful technology which will, and has already begun to change industries. When hearing the term AI, most people probably think of recommendation algorithms, about search results, about chatbots, etc. In short, we think about consumer-focused products. But AI is also starting to rapidly spread into business-focused solutions. Going forward, AI solutions will move far beyond commercial, nice to have solutions, and focus more on adding true value, also for large corporations and businesses. Real estate organizations are not an exception.