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The Norwegian fintech scene is rapidly expanding. For those wish to stay updated, here is a great visualization provided by The factory.

Digitalisering er ingen engangsøvelse, og der vi tidligere har vært dyktige til å digitalisere eksiterende prosesser for å løse kjente oppgaver raskere og mer kostnadseffektivt handler det å være digitalt om å re-tenke sine prosesser og forretningsmodeller ved smart bruk av ny teknologi. Norske banker har lang historikk for å bruke teknologi til å løse kjente problemer, men hvordan skal vi rette blikket fremover og løse morgendagens problemer for våre kunder?

One of the hardest activities in both startups and established companies is radical innovation. While incremental innovation is all about improving the existing, radical innovation is often related to coming up with the next big thing. How shoud both incumbents and startups approach this the mystery of radical innovation?

In a world of digital ecosystems, data is the raw material that fuels the digital economy. In order to be a part of this value creation, there is a need to have a clear data strategy. How does one go from the traditional approach to collection, storage and reporting to strategic use of data?

Bitcoin as a computer system just turned 10 years. Satoshi Nakamoto fired off the system by hand-coding the first block in the system, block #0, and the rest is history. However, the history is still short, and we still do not know what impact cryptocurrencies and blockchain technology will have on our society as a whole, or the financial sector in particular.

A metaphor describing the challenges incumbent banks were facing at the dawn of fintech was whether the banks were destined to maintain the rails or operate the train in competition with nimble startups and tech giants. Even though every bank out there were and still is unified in their quest to resist disintermediation and maintain ownership of the customer relationships, actions speak louder than words.

Since the peak of the bitcoin craze last year, bitcoin prices have been steadily declining throughout 2018. At this time one year ago, I argued that bitcoin is useless for anything else than speculation. While it is still possible to profit from speculation, the profitability of bitcoin mining is diminishing, and thus at risk of underpinning the whole fundament of bitcoin, making the uselessness of bitcoin absolute.

By now, open banking has become the talk of the town in the banking industry. However, going from strategy to execution is the tricky part. Moving too fast without sufficient understanding your surroundings may result in unforeseen consequences, and on the other hand playing it (too) safe may result in a never-ending strategic analysis of what you could have, would have and should have been done. In order to get started, one must be able to refine and restrict the scope, focus and deliver.

Fintech has gained momentum in the banking industry and changes in the competitive landscape are already becoming observable. As the majority of players are increasing emphasis on the user experience, the competition is likely to increase. Who are the potential players, and how will this affect customer mobility and profitability in the market.

This is a guest contribution by Anna Kurcirkova. Though we share this big, blue planet with thousands of species, human beings

I takt med digitaliseringen øker behovet for kompetanse og fokus på digital sikkerhet eller cybersikkerhet. For bedrifter som ønsker å

Det siste året har jeg hatt gleden av å delta i regjeringens styringsgruppe og ekspertutvalg for næringslivets evne til å utvikle og ta i bruk ny teknologi. Resultatet er 64 konkrete råd for å styrke Norges konkurransekraft gjennom digitalisering. Vi ikke bli best på alt, og vi anbefaler derfor strategisk satsing på de fire teknologiområdene kunstig intelligens, stordata, tingenes internett og autonome systemer.

Selv om det gir mening å kvitte seg med kontanter for å forebygge økonomisk kriminalitet, korrupsjon og hvitvasking, må vi være oppmerksomme på de uforutsette konsekvensene.

Fintech-klyngen Finance Innovation ber norske banker bli mer offensive før PSD2 trer i kraft, og Sbanken, Sparebanken Sogn og Fjordane og Sparebanken Vest går ut i forkant av ny lovgivning og går nå sammen om å utveksle kundedata med hverandre.