Russian lawmakers submit Bitcoin banning bill

A bold move in Russia: Lawmakers want to bann coin currencies domestically. Interesting read in The Paypers.

Click here to read.

„Marktplätze“ bleibt beste IT / Digital- Neuerscheinung 2015 bei Springer

marktplätzeEs ist ganz einfach geschrieben – das Handbuch „Marktplätze im Umbruch„, mit dem der Springer-Verlag ein Megathema in Angriff nimmt. Das Werk beschreibt 12 Treiber der digitalen Transformation, also die Digitalisierung vieler Wirtschaftsbereiche wie Automobil, Logistik, Fertigung, Verlagswesen und Finanzen.

Die 12 Aspekte der Digitalisierung werden jeweils von einem Themenpaten eingeführt, der Experte in seiner Branche ist und diesen Aspekt in der Praxis schon beispielhaft gemeistert hat.

Der Erfolg des 759 Seiten umfassenden Werkes, in dem auch ein Autoren-Beitrag von mir enthalten ist, ist immens. Hermann Engesser, Cheflektor des Springer-Verlags dazu:

„Das Buch Marktplätze im Umbruch hat sich vom Start weg zu einem Standardwerk entwickelt. Mit über 220.000 Downloads trifft es auf eine große Nachfrage und ist selbst ein Beispiel für die Kraft digitalisierter Marktplätze.

Um die Komplexität der Entwicklungen in den unterschiedlichen Branchen verständlich zu machen hatten die Herausgeber eine Idee, die sich als durchschlagend erwies: Das Thema wird in zwölf Themenblöcke unterteilt. Das erleichtert die Zuordnung unterschiedlicher Trends und bringt Transparenz in die

Marktveränderungen unterschiedlicher Branchen. Damit ist es ein hervorragender Themenscout in der sich schnell verändernden Welt der rasch fortschreitenden Digitalisierung der Märkte.“

Kaufen kann man das Buch hier.

EU Parliament informs in a Video about the latest decision on Payments (PSD2)

eu parlamentI am not the biggest fan of the EU parliaments decision on payments as I believe the effects will be quite different than expected and not make payments cheaper or easier for Consumers – but in fact will lead to a much more clustered market and increasing cost, as more players have the share the market, leaving each of them with the overhead cost for the highly regulated business. Payments, as I see it, is a business of scale. Too much clustering prevents scale and leads to increased cost.

But anyway: The EU parliament has decided and here is a link to the EU parliaments ITV channel, explaining the decision. Interesting in any case.

EU Parliament ITV: Cheaper and safer online payments

5 Countries leading the way in Fintech Investment (Computer Business Review)

Computer-Business-Review-logo_620x350The Computer Business Review CBR released today an overview of the five regions investing most in FinTech. Who would have guessed? :) Interesting nevertheless.

5 countries leading the way in fintech investment

EU is getting serious with Payment Service Directive 2 (PSD2)

I am curious what will actually result from this. Will the EU be right and make it easier for new business models, allowing a better, cheaper, more consumer focussed payments market in Europe? Or will it create a large number of „skins“ on existing business models – fancy looking front-end based on the same old back-end the banks have relied on for so long? And when so many new players will have it easy to enter the market-space, will that make things better for the consumers? Or more irritating and confusing? I am not convinced that the PSD2 will actually make things better – or cheaper. Only different. It will force traditional players to re-think their business models. Also I am not sure that opening access to bank accounts (or transaction accounts of other form) to new players, basically allowing them to tap into expensive infrastructure and relationships built over long time and with large budgets, is a good idea necessarily. That much I have learned in my life: there is no such thing as „free“, there is a price. And its going to be paid somehow, by someone. I suspect it will be the consumer – as its always been – just maybe in a different way, through increased account fees for instance. Like interchange regulation in various markets have made the transactions cheaper (for the merchants), the goods no cheaper to buy (for the consumers) but the annual fees for card-holders much higher. Well, we shall see.

EU Parliament Press Release about PSD2