Distributed Ledger Technology in Banking

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…

Cyber Insurance and Incident Response – Essential Part of every Business Continuity Strategy

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…

Is the Economy Ill-prepared for the Digital Workplace of the Future?

Most employees of companies based in Germany, Austria and Switzerland give their bosses bad marks as far as the preparation for the digital workplace of the future. This is one result of a recent research report entitled “Workplace of the Future”. Asked for the biggest technology pitfalls in the workplace currently, approximately 60 percent of employees express concerns about insufficient remote access to data and 62 percent criticize the response times of information technology (IT) incident management services. Additionally, 58 percent deem their company’s IT…

ITIL and DevOps – Complementary or Contradictory?

“If you think DevOps and ITIL® aren’t compatible then you don’t understand either”[1] DevOps is a relatively new development that raises many hopes for a faster and better delivery of new functions from development to production. With the arrival of new technologies like virtualization and cloud as well as new methods such as ‘Agile’, pressure is on the release management and operations team to faster deliver development outputs to production. DevOps is also a cultural movement bringing together the diverse capabilities and traditions from application…

Anyone Who Goes Traveling, has Stories to Tell (Part 1)

This old German quote is true not only for tourists, but also for business travelers. While travel booking means for some an increase of anticipations with the choice of destination and hotel, for others this is a cumbersome task. In addition, there is a necessity to collect a large number of receipts, allocate these to the correct trips and finally wait for payment of the expenses. For many companies, travel costs represent a very big portion of budget costs. However, this is extremely difficult to manage…

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