Thomas Reimer

📈📊 Second quarter brought further gains in equity markets. As we are heading into the summer break, we don’t expect much change given no exogenous event. The fall may bring new challenges especially as everyone will focus on the actions of Fed and the US elections. Further views in our quarterly investment report.

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Interesting study on cost for IT and for cyber risk mitigation at Swiss banks. This gives also an indication for banks outside of Switzerland. Unfortunately, the trend goes for many banks in the wrong direction.

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Where are you on the journey to the ideal learning method mix?

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📣 This morning, we published our latest issue on financial stability. ⛄ Despite the improvement in financial stability due to decreasing inflation and better economic outlooks, significant risks persist. This edition offers an in-depth look at recent developments in financial stability and macroprudential oversight. Highlights: 💂‍♂️ Economic Resilience: Insurance sector remains strong with solid solvency ratios and stable premium incomes. 👻 Persistent Risks: Geopolitical tensions and recent rate increases contribute to high uncertainty. An adverse shock could lead to potential market corrections. 🗽 Monetary Policy: Key focus on developments in US and Eurozone monetary policies. 🖥 Special Focus: Cyber Risks and Financial Stability With rising geopolitical tensions and rapid technological advancements, particularly in AI, cyber risks have surged. This issue explores the systemic threat of extreme cyber incidents and their integration into macroprudential frameworks. 📥 Download the full issue at the link below. Dr. Kay Seemann, Anja Theis, GDV Gesamtverband der Deutschen Versicherungswirtschaft e.V.

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Thank you, Dr. Rapp, Julia Bahlmann, and FERI Cognitive Finance Institute, for challenging my perspectives on 2024's takeoff of tokenization. Your insights have been invaluable in exploring our future financial market infrastructure. The year 2024 marks an important milestone in the development of #tokenization and the transition to the #token economy. This is not least the result of the groundwork laid in 2023, which has created a solid foundation for concrete results on the blockchain. Major financial players are increasingly entering the market and driving the development of a token economy. Tokenization enables a sophisticated digital financial market infrastructure that overcomes numerous limitations of the existing economic and financial system. It goes beyond a simple technological upgrade and has the potential to fundamentally transform traditional financial markets and other economic sectors.

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We're looking forward to being there with Nida Sattar from Allica Bank to talk about how the perfect combination of culture and tech has driven innovation. #agileinnovation #corebanking #saasbanking financialdata #cloudbanking #bankingtechnology #fintech #datadrivencore  

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Anadi's transformation to a Digital Banking frontrunner via organic investments & M&A: presented at Handelsblatt Retail Banking conference in Frankfurt! Anadi's transformation 2020 - 2024 with organic investments (around EUR 40m by now, more to come) and M&A (spin off of our branch network and major parts of our SME business to GraWe Banking Group, closing expected for September 2024) was presented by Markus Herzl, our Head of Tablet & Terminal Based Banking, and me at this year's Handelsblatt Retail Banking Conference. Cool session! Excellent audience, excellent questions! And: as a former "Frankfurt based banker" (I worked for almost 15y in Frankfurt) it was astonishing... ...how much digitalization is already dominating strategies of all banks, with very different approaches (organic investments, M&A, front versus backoffice solutions, outsourcing, partnerships with FinTechs etc.) but similar challenges (traditional way of banking, potential cannibalization effects, cultural changes, cyber fraud risks, data protection, client segmentations etc.) ...how leadership styles change, following changed leadership challenges stemming from digitalization and transformation needs and opportunities ...how traditional banks, neo banks/digital banks and FinTechs more and more interact, having faced "Schumpeter's selection" in recent years, catalysed by the most rapid and strongest interest rate shift seen by my management generation My personal reflection of the Handelsblatt conference discussions: There is no blueprint way for facing and managing digitalization. It depends on the circumstances and strengths & weaknesses of each player. BUT: there is only one way overall: embrace digitalization and its opportunities - this is the future! Attached article: strongly recommended! https://lnkd.in/dQnhVqWi

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"Promised & delivered!": Anadi's transformation presented at Handelsblatt's Retail Banking conference on 3/4 July in Frankfurt! In 2022 Anadi was invited to present our transformation plans to become a Digital Bank. Our statement then: "What we promise will be delivered" Two years later we will present the execution, with many measures done: # Operative, tactical, strategic # Organically and via M&A # Via (rare) external hires and much, much, much New Work HR measures transforming strong internal banking know how into strong DIGITAL banking know how! A few KPIs as appetizers: - From 20 FTEs (<10% of staff) in 2020 to 140 FTEs in Digital Banking (>70% after Closing of Project Quadriga/sale of our Branch network and selected parts of our traditional SME business in Carinthia, expected for September 2024) - From app. 14% TCR significantly above 20% TCR (expected after Closing of Quadriga transaction) - From <200m Digital Volume to almost 700m Digital Volume YTD! -From digital consumer loans and digital deposits to: digital consumer loans, digital SME loans, digital deposits, digital payment services, tablet-based banking (Anadi Connect), terminal-based banking (Marie) etc. - From pure Austria business now expansion into other countries Interested? Attendance to the conference highly recommended (see below)!

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Last week, adesso SE hosted their flagship event #digitalday24! 🥳​ ​ Attendees explored how new technologies, especially Generative AI, can benefit businesses on the Solution Stage. 🤖​ ​ Visitors engaged directly with our partners, including Google, Microsoft, and SAP LeanIX, at their booths. 🤝​ Experts from adesso Group and other speakers on the Insights Stage showcased the transformative power of digitalization. 💻 ​ Participants connected with us at #adessoGenAI, #adessoITexcellence, #adessoDataMastery, and #adessoCustomerCentricity. 💡​ ​ We’re already counting down the milliseconds until Digital Day 25 – it’s going to be tech-tastic!🤗​ ​ #adessoIN #adessoSE ##digitalday

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Sharing an opportunity to win 1 of 5 books by Paolo Fabrizio on the topic of "Digital Customer Service & Customer Culture" where I was contributing together with • Shep Hyken. The book is a practical guide to implementing goals in customer experience. It provides insights into improving service culture, empowering frontline teams, and a glimpse into the future of service. The book can be found at https://lnkd.in/d_7GzNDk

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Have you ever wondered if there is a relationship between the VUCAlity of your industry and the effectiveness of change management success factors? Take the survey and let us find out together... The survey is in english 😀 I will share my results here on LinkedIn https://lnkd.in/dUvd_CSB

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When it comes to short-term investments for #SME, I often hear the following myths: ✔️ Call money is only for private customers ✔️Entrepreneurs want to keep their deposits with their house bank ✔️There is only mini-interest on call money anyway Fortunately, there is our ING Business Extra-Konto and many entrepreneurs who see things differently every day. Nadine Methner explains in her DUP UNTERNEHMER interview why they are doing everything right with active liquidity management.

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Successful management requires more than just numbers and data. Humanity and empathy are crucial for motivating teams and ensuring sustainable success. 🌟 #Leadership #Empathy #Humanity #Success #Teamwork #Innovation #Transformation #LeadershipTraining

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Good to see that paycy has implemented Berlin Group #openFinanceAPIs, which is made evident in the (German) article cited by the post. 😀 open finance based on #BerlinGroup standards slowly gains momentum, since we see also other openFinance APIs getting implemented…

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Yesterday, we published our updated economic forecasts for Germany and the German insurance market. 💸 Economic Outlook: We forecast a 2.5% inflation rate and 0.3% economic growth for 2024. Inflation will decline to 2% and growth will pick up to 1% in 2025. This will support a nominal income rise of 2.5%, leading to real growth in disposable incomes. Consequently, private consumption is anticipated to increase by 1% in real terms, with the savings rate normalizing at 11%. 📈 Robust Premium Growth: The insurance industry is projecting strong premium growth for 2024 and 2025. We expect an overall premium increase of 2.8% for 2024 and foresee a rise between 3.1% and 5.5% in 2025. 📉 Revised Forecast: Despite lowering the overall sector forecast for 2024 by one percentage point due to weaker single premium business in life insurance, the economic outlook remains stable. 🏠 Shift in Revenue: For the first time since 1996, property and casualty insurance is expected to surpass life insurance in premium revenues, a trend likely to continue into 2025. 📉 Life Insurance: While life insurance might see a 2.6% decline in 2024, a rebound of up to 2.5% is possible in 2025 due to an improved interest rate environment. 🚗 Property & Casualty Insurance: The sector is set to benefit from inflationary effects, particularly motor insurance, which is predicted to grow by 7.8% in 2024. 🏥 Private Health Insurance: Significant premium growth is expected, with projections of 4.5% in 2024 and up to 8% in 2025. Ludovic Subran, Arne Holzhausen, Dr. Jasmin Gröschl, Patrick Saner, CFA, Michael Menhart, Oliver Büsse

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Thank you, Fact Informationssysteme & Consulting GmbH for inviting us to your event "Fact Impulse" - the conference on Cloud and RegTech. We really appreciate the interesting exchange! In his lecture "FinTech AI - Opportunities and Risks", our CTO Timo Jakob informs about the specific possibilities that generative AI offers especially for financial technology. He presents realistic use cases and also discusses potential risks that need to be considered when using this technology. #fintech #ai #riskmanagement #banking

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An important step to #healthequity with acknowledging gender differences in health (sciences). More and more we understand that a majority of studies have been conducted with men only not considering gender differences. #womenshealth #futureofhealth

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👉 At CBR Sustainability Partners, we recognize that reporting obligations are just the beginning. Leveraging process insights to bolster your competitive edge is crucial for companies in the #HealthcareIndustry. Our new partner, osapiens, and its #Sustainability software HUB solution provide innovative opportunities. Combined with our extensive experience in sustainability projects and regulations in the healthcare sector, your efforts will be more efficient. Together with Frank Roth, a member of Healthcare Shapers, we can help companies navigate the complexities of sustainability reporting, drive #transparency, and address company data gaps. Connect with us to learn more about enhancing your #ESG efforts! 🍃 #seebeyond #CSRD #CSDDD #LKSG #EUDR

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