Blog

17.09.2024 |  Finance, Consulting

Project Fontus: The Future of Master Data Delivery

Germany’s leading provider of financial market data, WM Datenservice, has launched a new project that builds on the previous efforts of the EDDY_neu project. An extensive revision of the master data delivery system for securities is now in the works under the name Fontus.
13.08.2024 |  Finance, Consulting

T+1 in Europe: A new large-scale project for banks

At the end of May this year, the settlement cycle in securities business was shortened in the USA, Canada and Mexico. Following the initiative of the US Securities and Exchange Commission (SEC), the issue of T+1 is also increasingly taking centre stage for European markets.
25.07.2024 |  Finance, Compliance Solutions

Reports and returns concerning CESOP: What are the issues?

The topic of CESOP has now reached the executive management floor of German financial institutions. A few days before the deadline for the 1st and 2nd CESOP reporting scheduled for 31 July, many banks are struggling with home-grown problems...
20.06.2024 |  Finance, Consulting

ISO 20022: Will the end of the MT/MX coexistence period be softened?

On 21 May 2024 SWIFT issued an announcement regarding the end of the coexistence of MT and MX payment messages planned for November 2025.
04.06.2024 |  Finance, ESG & Sustainability

The economy of tomorrow: a well-rounded affair

The circular economy: behind this term, you’ll find hidden one of the greatest challenges facing the future viability of our economy.
24.04.2024 |  Finance, Compliance Solutions

Upcoming CESOP reporting deadline: Where do banks stand?

The deadlines for the first reporting to the Central Electronic System of Payment Information (CESOP) are 30 April (EU) and 31 July (Germany). Banks face heavy fines if they fail to report or report incorrectly.
08.04.2024 |  Finance, Consulting

Instant payments: Between regulatory costs and new business models

Over the past 7 years, we have imagined what will happen when instant payments become mandatory and what added value they can offer a bank. We have discussed many use cases in the industry and set up a variety of scenarios. But now it's here – the obligation.
13.03.2024 |  Finance, Consulting

Withholding Tax Relief Modernisation Act from the perspective of banking practice

The Withholding Tax Relief Modernisation Act – not just a matter of words; the practical implementation of new requirements pertaining to securities settlement, which were adopted in 2021, is also proving to be quite a challenge. The aim of this article is to provide a brief overview of the Act’s implementation status from the perspective of banking practice.
18.01.2024 |  Finance, Compliance Solutions

Marketplaces and CESOP: Some unexpected challenges

Whilst most of the financial institutions already started implementation projects, the term CESOP is still unknown to many electronic commerce marketplaces.

10.01.2024 |  Finance, Consulting

Procrastination affecting payments

Since March 2020 alone, market participants have found themselves confronted with 13 postponed deadlines, some at very short notice, and all in connection with ISO 20022 and TARGET2.
29.11.2023 |  Finance, Compliance Solutions

CESOP reporting: Making sure things don’t become too easy

The European Commission has updated the reporting guidelines for the CESOP reporting obligation.
29.09.2023 |  Finance, Solutions

Time is running out: 100 days left until CESOP

In recent weeks, we have had numerous discussions with market participants. This was done with the goal of finding out what strategy the various institutions are pursuing with regard to CESOP, and where they stand in terms of implementation.
14.09.2023 |  Finance, Application Development

Test management: New approaches are revolutionising quality assurance

The world of test management is currently undergoing a remarkable transformation.
27.07.2023 |  Finance, Application Development, Solutions

“The complexity of CESOP is being underestimated”

In the spring of this year, DPS partner Carsten Lange appealed to the financial industry in a blog post to deal with prevailing regulatory challenges against the backdrop of the Central Electronic System of Payment Information (CESOP). We caught up with project manager, Tobias Münsterberg, to talk about the potential pitfalls of CESOP in practice, and the new CESOP Compliance Service from DPS.
26.06.2023 |  Finance, Consulting, Data Analytics, Digital Transformation

Shortcut Learning – The coming disaster for AI?

Recently, scientific analyses have increasingly shown a wide-ranging problem associated with deep learning, in which different phenomena – summarised under the term ‘shortcut learning’ – can reduce the problem-solving capabilities of machine learning techniques.

24.04.2023 |  Finance, Consulting

Regulatory burden as a result of CESOP: Smaller banks and specialised institutions facing particular pressure

With the “Central Electronic System of Payment Information” at its core, the EU has implemented an instrument to fight VAT fraud in e-commerce, the implementation of which poses some key challenges to financial institutions.
01.03.2023 |  Finance, ESG & Sustainability

The 7th amendment to the MaRisk – Challenges and opportunities for the business and financial sector

The seventh amendment to the MaRisk adds an all new risk dimension with the topic of ESG, defining a framework of requirements for handling sustainability risks in the financial industry.
21.02.2023 |  Finance, ESG & Sustainability

Sustainability in the financial industry – an overview of the main themes in 2023

Sustainability and ESG have been on the agenda in the financial sector for several years now.
14.02.2023 |  Finance, Consulting

Fit for the EMIR Refit – How banks can implement the amended EU regulation

Minimising systemic risks is the goal of the European Market Infrastructure Regulation (EMIR) in European derivatives trading.
20.01.2023 |  Finance, Application Management

Sunset Application Management in the financial industry: Saving costs and freeing up resources

Supporting legacy software systems poses great challenges for banks and building societies.
10.11.2022 |  Finance, Consulting

Another postponement of ISO 20022: What banks must now consider

The timetables for converting the payment traffic systems for foreign and large-value payments to the new de facto standard ISO 20022 were overturned at the end of October.
09.08.2022 |  Finance, ESG & Sustainability

The 7th amendment to MaRisk – ESG requirements and possible knock-on effects

This year, the 7th amendment to BaFin’s MaRisk has been announced. The 6th amendment was published on 16 August 2021.
08.12.2021 |  Public Sector, Smart Government Suite, Solutions

Digital administrative services for all – even without smartphone or PC

Online access, now also “offline”: The Online Access Act (OZG) currently ensures that ever more administrative services are also available online for citizens.
12.04.2021 |  Finance, Internet of Things

Internet of Things – Risks and Regulation

The Internet of Things – what is it and what numbers are we talking about? The Internet of Things (IoT) is a network of physical objects and appliances that use various technologies (sensors, software etc.) to connect with each other over the internet
Programmable Money
29.07.2020 |  Finance, Blockchain and DLT

CBDC: Programmable Money – Use cases in payment transactions

In this article, we take a closer look at the question of what practical relevance programmable money can actually have for payment transactions.
21.07.2020 |  Finance, Blockchain and DLT

Ripple’s involvement in ISO 20022: A step towards wider acceptance in the banking industry?

In May 2020 Ripple announced that it has become part of the ISO 20022 Standards Body – a multi-part International Standard, set to replace SWIFTs current MT messages and aimed at a single standardised approach to be used by all financial standards initiatives.
CBDC
20.07.2020 |  Finance, Blockchain and DLT

CBDC in payment transactions: An analysis from a practical perspective

In several articles, we aim to contribute to this differentiated debate by asking what potential “programmable money” holds for payment transactions in all their facets.
Blog
15.02.2020 |  Allgemein

DPS launches corporate blog

Herzlich willkommen auf unserem neuen Blog! Künftig wollen wir Sie hier mit umfangreichen, inhaltlich hochwertigen Hintergrundinformationen rund um unser Unternehmen versorgen, die den Umfang der herkömmlichen News und Social-Media-Posts sprengen würden.