Giesecke+Devrient

Does AI have prejudices against certain groups of people? 🤖 Unfortunately, yes. There are already many well-documented cases in which AI algorithms have behaved extremely negatively towards different ethnic groups and genders. And some companies also behave unethically when using AI, for example when collected data is used for purposes that the person concerned is not aware of. The European Union has already reacted to these problems. It has passed a law that prohibits the monitoring or social scoring of people, for example. As a leading provider of identity solutions, our joint venture Veridos also attaches great importance to trustworthy AI and is working intensively with partners from science and industry in this area. "Trustworthy AI is a key focus of our work. We want to ensure that our AI systems act fairly and transparently and respect people's personal self-determination," says Letizia Bordoli, AI Lead and Senior AI Product Manager at Veridos. To achieve this, Veridos continuously trains its AI models and focuses on diversifying the training data. When doing this, we attach great importance to both protecting user data and guaranteeing data sovereignty: so-called federated learning allows an algorithm to be trained on several decentralized devices or servers without the data itself being exchanged. This minimizes the risk of data breaches. In addition, we use strict testing methods to recognize and avoid biases in the algorithm. 🔎 We don’t only emphasize ethical AI, but also take care to protect privacy in AI solutions. How do we do this? Find out in our Spotlight article: https://di-ri.co/tCI3l #AI #EthicalAI #DigitalEthics #AIForGood #BiasInAI

Redefining trust: Our journey in #banking and #payments 🛤️ Ever noticed how our daily transactions are becoming more fluid between digital and physical? Afterall, payments are not mere transactions anymore they're more integrated into consumers’ lifestyles. At G+D, we're reshaping this landscape with a focus on human-centric #SecurityTech, making every interaction seamless and secure without the hassle. Understanding this payment trend, we're continually pushing the boundaries of innovation and setting the pace for issuers, financial institutions, merchants, and payment service providers. And you can expect a lot more going forward ... But first, we want to hear from you: 📝💡 Share your insights and help shape the future of the financial ecosystem. 🤝 Exciting news from financial platforms is on the horizon - stay tuned! 🔜 #Innovation #CustomerExperience #SecurityTech #Fintech #Banks

Raising our glasses to another winner: mecSOLAR wins the 2024 IoT Evolution Asset Tracking Award 🥂 mecSOLAR is our new, revolutionary solar-powered IoT tracking solution. With supply chain crime being at an all-time high, the need for secure asset tracking solutions becomes tremendous. The crux of the matter, however, lies in their profitability for businesses. With its versatile telematics unit, mecSOLAR ticks all the boxes: ✅ long-term operational lifespan ✅ minimal maintenance required ✅ real-time GPS tracking during movement This makes it ideal specifically for tracking non-powered logistics objects, such as shipping containers, swap bodies, trailers, rail vehicles and more. “The award rewards mecSOLAR for its ingenuity and real-world applicability. This is especially relevant in a world where staggering losses in the hundreds of millions have been reported in 2023”, says Stefan Heimerl, Global Head of IoT Solutions. The award is presented by IoT Evolution World and Crossfire Media. We are very honored for this recognition of our excellence in innovation and our ambition to set new benchmarks in telematics innovation. Curious to learn more? Then head this way: https://di-ri.co/qjLl0 #IoT #Telematics #Logistics #SupplyChain #Innovation

Could you make an error-free transfer with your eyes closed? You might find that hard to imagine – but it could be an everyday scenario for some. By 2050, 1.6 billion world citizens are expected to be 65 or older. The number of people with sight loss will increase by 55% across the globe over the next three decades. We as a global #SecurityTech company, believe that banking should adapt to its user's needs and demands. Inclusive services must no longer be a “nice to have”, but are rightly at the top of the agenda for banks and fintechs. 🤝 Understanding this trend in #PayTech, we have therefore provided the More Accessible Payment Suite (MAP), which not only includes physical and digital solutions, but also calls for co-design and awareness-raising in order to jointly create an accessible payment infrastructure: We are working on remote onboarding solutions, audio content via QR code or tactile elements and color contrasts on cards, for example. Want to learn more about how we make payments more accessible for everyone? Take a look here: https://lnkd.in/eVxfJUV7 #Banking #Technology #Accessibility #Inclusivity

Offline transactions: like cash, just digital! 💶🌐 Whether via smart watches, digital cards or wallets – digital payments are becoming increasingly popular. In comparison to 2023, the value of digital payments is estimated to increase by a remarkable 15% this year. However, in the absence of adequate network coverage or reliable power source, payments are held in limbo or declined, with frustration for end users, merchants, and service providers alike. The introduction of fully offline digital payment capabilities starts right there: 👉 Financial Inclusion: Extended reach for those without stable internet access 👉 Enhanced Resilience: Smooth transactions even during network disruptions 👉 Privacy and Security: Cash-like anonymity, boosting user confidence As an innovative offline payment solution G+D Filia Unplugged can be seamlessly integrated into existing payment offerings. Financial service provider can offer a seamless and resilient digital payment experience to their customers, even when they are offline. G+D Filia Unplugged is part of a technology solution set that has been field tested by central and commercial banks around the world. 🙌 ➡️ Read more about the benefits here: https://di-ri.co/qTN8T #DigitalPayment #OfflineTransactions #Fintech #CBDC #GDFilia

The best conversations happen… next to a money counting machine! 💸 At least that was the case for us at the IKOM trade fair of the Technical University of Munich (TUM). In addition to demonstrating our BPS C1s counting machine at our stand, we had the opportunity to talk to many talented students from scientific and technology programmes and gain a feel for what they hope to achieve in their professional lives. 💬 Being able to exchange ideas with so many interested young people was an absolute enrichment for us! We are even more glad that many of you have already applied to us. Would you also like to start your career at G+D and make the lives of billions of people safer with us? Then take a look at our careers page: https://lnkd.in/ee5qExdk #IKOM #Careers #TechInnovation #Networking

How do we build a thriving CBDC ecosystem to harness its full potential for the payment landscape❓ Find the answer in the latest episode of the OMFIF Podcast, where Wolfram Seidemann, CEO of G+D Currency Technology, dives into the topic of CBDCs with OMFIF’s CEO John Orchard. In this insightful episode, they discuss why a fruitful public-private collaboration is key to building a thriving CBDC ecosystem. They also talk about: 💡 the revolutionary potential CBDC can bring to the financial sector 💡 the advantages for central banks, commercial banks, and users 💡 the importance of offline functionality 💡 G+D’s CBDC pilot projects in Ghana, Brazil, and Hong Kong. Tune in for a comprehensive deep dive into Central Bank Digital Currency: https://di-ri.co/g0TNH #CBDC #DigitalCurrency #OfflinePayments

What if there was a digital payment solution that has the same advantages as cash? 🤔 Wait – there is! It’s called Filia Unplugged, and it’s our new solution for seamless and secure offline transactions. This token-based solution also works in areas with limited or no connectivity and can be integrated into existing digital payment offerings, including commercial banks’ tokenized deposit systems, instant payment systems, or mobile money services. While even the digital-first economy is not immune to power outages or connectivity problems, the biggest impact of G+D Filia Unplugged lies in remote areas, emerging economies and countries where cash is the predominant payment method. ✅ It is designed with three protection layers and cash-like features to provide reliability, security, and trust. ✅ It enables digital transactions without the need for expensive devices like smartphones. This way, it not only strengthens payment resilience but also has the potential to drive financial inclusion for nearly 1.4 billion unbanked people worldwide. Intrigued? Find more information here: https://di-ri.co/HV44A #OfflinePayments #DigitalPayments #PayTech

Automotive safety is just one call away 📞🚗 ... as you can read in our new case study on Automotive eCall. So how does the automatic emergency response system work? The entire service relies on eSIM technology, seamlessly integrated into the car during manufacturing. In the event of an accident, the eSIM automatically enables an automated emergency call (eCall) transmitting vital information, such as location and accident severity, to emergency responders. This way, the eCall system can speed up emergency response times by up to 50% and reduce the number of fatalities by at least 5%, saving up to 2,500 lives annually across the EU. Thanks to the flexible customization and switching of local Mobile Network Operator (MNO) profiles over-the-air, the eSIM also ensures global connectivity and therefore a reliable safety net – regardless of location. ➡️ Dive deeper into the possibilities of eCall and find out about the benefits of G+D's Automotive eSIM solution in our case study: https://di-ri.co/4dXhK #eCall #eSIM #CaseStudy #Automotive #RoadSafety #Connectivity

#Phishing attacks don’t just damage banks and their customers financially… Instead, these scams, where fraudsters use fake websites, deceptive emails, calls, or messages to trick individuals into revealing sensitive information like #passwords and OTPs, have a far greater impact: 👀 They damage the image of a brand. 🧑🏻🤝🧑🏻 The institution needs additional resources to resolve the issue and prevent it from happening again. 📉 The lack of control over the authentication channel diminishes the user experience. 😣And if this wasn't enough, fraud shatters the customers' trust in the financial institution. Over the past months, #passkeys have emerged as a more secure and convenient alternative to passwords – as they’re resistant to phishing and other common hacks. At G+D, we are transforming two-factor authentication into one effortless action. With Convego AUTH-U, we support device-bound passkeys that remain secure on the device and cannot be shared or exported. This represents the gold standard of authentication for financial institutions. Learn more in the video and on our website: https://di-ri.co/ein4g #payment #fraud #passkeys #datasecurity