Norwegian banks spearhead PSD2 collaboration

Even though the technical implementation of PSD2 has been delayed, there is no doubt that opening up the banking infrastructure will change the face of retail banking as we know it. While Norwegian banks are not required to open up until the second half of 2019, Sbanken and the SpareBank 1 banks are getting ahead of the curve and are making PSD2 happen long before it is required.

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It is unlikely that Apple will open up NFC for third-party payment solutions

In the wake of the Apple Pay launch in Norway, the fact that only Apple themselves is allowed to provide NFC-based payments through the handsets, making Apple Pay the only option for contactless payments through an iPhone has become a hot topic, and Apple has been reported to the Norwegian competition authority for exploiting their dominant market position to prevent competition. Despite this, it is still unlikely that NFC access for payments will be opened for third-party developers anytime soon.

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Digital kompetanse er ferskvare

Når alt som kan digitaliseres, skal digitaliseres, raser debatten om kompetansen som kreves for å bygge vår digitale fremtid. Enten det gjelder digital kompetanse blant ledere, eller studieplasser innen ikt, så preges debatten av en undertone preget av den norske dugnadsånden, der vi gjør et felles løft. Utfordringen med denne tilnærmingen er at digital kompetanse er ferskvare og kontinuerlig må videreutvikles.

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Leveraging PSD2 for credit scoring and lending

With PSD2 around the corner, both banks and aspiring third parties are preparing for what seems to be a new dawn for financial services. However, the discussions so far have been revolving around on potential loss of transaction revenues and the battle for the customer relationship. However, at the end of the day, the majority of bank revenues are from loans, and how will PSD2 impact lending?

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Can regtech ease the burden of compliance?

With the massive amounts of regulations hitting the financial services industry in 2018, regtech is once again a hot industry topic. However, even though regtech was deemed the new fintech back in 2016 it has not scaled, as we would have expected from the initial hype. With a seemingly never-ending flow of regulatory requirements, how will the financial industry respond to the corresponds increasing cost and complexity?

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What is the cost of doing nothing?

Challenging the status quo is one of the hardest part of leading change. In a time when as good as all industries are facing radical changes over the next decade, innovation is necessary for survival. However, all too often, organizations and leaders are stuck in a “wait and see” mode. Rather than taking a leap of faith into the unknown, incumbents all too often find themselves on the steady decline into obsolescence by doing nothing.

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Do you need a blockchain?

Blockchain technology is set to have a profound impact on a wide range of industries ranging from capital markets to the music industry. While some use cases may seem obvious, the technology is still surrounded by its fair share of hype and uncertainty. As a manager, how should you approach the subject, and when should you put your money where your mouth is and actively aim to implement blockchain technology?

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Is your strategy fit for a digital world?

In an age where incumbents are facing a perfect storm of change, one must rethink ones approach towards corporate strategy and embrace the exponential nature of a platform or ecosystem strategy rather than sticking to a traditional linear product-centric approach. Failing to make this transition of strategic mindset will spell certain death for your business.

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