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LEAD Innovation English Blog

Read our latest articles on innovation management and innovation in a wide range of industries.

Posted by: Franz Emprechtinger

Why banks are particularly challenged by digitization

  Digitalization demands a lot from established companies in every industry. The challenges for banks are particularly great. They not only need to get a grip on their outdated IT systems and find a new role for their branch network. The PSD2 directive, which has been in force since the beginning of 2018, also forces institutions to disclose their customers' data to third-party providers...

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Posted by: Angela HENGSBERGER

Benefits of a Hackathon: Why it pays off for every company

  In a hackathon, an open field of participants realizes executable solutions following a fixed briefing. Such competitions not only strengthen a company's innovative strength through many new concepts. In this blog post we show you 4 more advantages and tell you more about the benefits of a hackathon, also for your company. Wikipedia describes the term Hackathon as a "collaborative soft...

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Posted by: Angela HENGSBERGER

Why the EU PSD 2 directive completely changes the role of banks

  The new Payment Services Directive PSD 2 has been in force since mid-January 2018. In this way, the EU wants to better protect consumers, increase competition and stimulate technical innovation. With PSD 2, however, the banks will get rid of their role as gatekeepers. Read in this blog post why PSD2 is completely changing the financial sector and why banks can lose a lot but also gain ...

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