Contextual Solutions Blog
This page is dedicated to our original and curated content about FinTech, digital banking, LegalTech, and innovation.
Responsible AI in Financial Markets: CFTC Report Summary
A new report dated May 2nd, prepared by the Commodity Futures Trading Commission (CFTC) explores the question of responsible artificial intelligence in the context of finance in more depth. It examines definitions and frameworks for responsible AI use, current regulatory environments, and the potential applications and implications of AI within CFTC-regulated entities. How can regulators ensure responsible AI in the financial sector? Read our summary to find out about the five-step responsible AI plan.
Differentiating Bank Revenue Streams: Exploring the Rise of Lifestyle Banking
Lifestyle banking is becoming increasingly popular with the rise of open banking and AI. As consumers increasingly seek convenience, personalization, and seamless integration into their daily lives, lifestyle banking promises to reshape the future of banking as we know it. What is lifestyle banking? How can banks implement lifestyle service strategies? Read now to learn more!
A Glimpse into the Future of Banking with Quantum Computing
As artificial intelligence (AI) continues to reform industries and processes as the number one tech infrastructure, quantum computing follows as the close second, thanks to its predictive powers.
Expert Coffee Talks - Achim Oelgarth
It's getting harder to meet people in Berlin due to the crisp ❄ weather, but the cold didn't stop Elif Kocaoglu Ulbrich of Contextual Solutions from chasing Finance and Tech experts for an interview; coffee talks are back!
The Tectonic Shift in European Fintech: A 2024 Outlook
Investment in European Fintech has seen its share drop by almost 10 percentage points, as observed by the 2023 ‘State of European Tech’ report. What awaits the tech scene in 2024? Let’s find out.
Record-breaking Binance punishment could be good news for FinTech
The legal settlement between Binance and the US Treasury has been described as a heavy blow for crypto in general and exchanges in particular, but closer analysis reveals a more nuanced message.
Exploring the Digital Operational Resilience Act (DORA) - How financial risk and ICT risk have become one
The EU's Digital Operational Resilience Act (DORA) doesn't just blur the line between financial sector firms and their ICT providers; it erases that line entirely. This change has significant implications for everyone in FinTech and banking.
Does Fintech Have a Revenue Fraud Problem?
In the fast-paced world of Financial Technology (fintech), a shadow has cast itself over the usual narrative of innovation and growth: the rising concern with revenue fraud. From embellished financials to obscured liabilities, several incidents within the sector have initiated conversations about the integrity of Fintech startups’ revenue reporting.
PSD3 overview: the draft has pitfalls lurking amongst the good intentions
PSD3: A much anticipated payment regulation
How will the third incarnation of the EU Payment Services Directive affect PSPs and other fintech firms? Significantly so, if it passes in its current form.
Stablecoins: A Cornerstone of the Modern Payment Infrastructure
From Theory to Practice: PayPal’s Stablecoin
Are stablecoins fulfilling a need in today's society, or is it just another tool for "window innovation?" We'll soon find out; Paypal, the beloved payment service provider, has again proven its pioneer strategy through its announcement on July 7th. Accordingly, PayPal will roll out a stablecoin, PayPal USD (PYUSD), which will be backed by US dollar deposits.
Our Tech Open Air 2023 Impressions
Tech Open Air marked the last of the tech conferences in Berlin before the tech ecosystem took off to their well-deserved summer break. The event took place between 5-7 July. Our UX/UI expert Merve Tekinay Uçkun attended the event & reported on-site on behalf of Contextual Solutions.
The First Turkish Strategic Fintech Congress
The first Turkish FinTech Congress covering the laws and regulations applicable to FinTech players and the market trends took place in Ankara and Istanbul in June.
Money 20/20 2023 Highlights
We recently left behind Money 20/20, Europe's most popular FinTech event.
Fintech boom continues but needs better regulation - World Bank report
It’s an exciting time to be in Fintech & banking. The latest World Bank report authored by Erik Feyen, Harish Natarajan, and Matthew Saal acknowledges that excitement but tempers it with caution: better policy-making and regulation will be needed in order for everyone to benefit.
The German FinTech Market 2023: Opportunities and Challenges (a report)
Germany is a sizeable FinTech market in terms of its potential, though it is particular in terms of market needs, as the local consumers and companies have different expectations and needs compared to other markets. Due to its history, size, and culture, specific challenges and opportunities await the companies entering the new market, even those coming from neighboring countries.
Should FinTechs Go Mobile-First?
When was the last time you checked your phone screen time? How many hours a day do you spend studying the people and incidents you essentially do not care about using social media?
Back to Basics: What is FinTech?
What is FinTech?
FinTech is a word we somehow recently became familiar with, but due to the lack of standard definition, even the experts have a hard time pinpointing what FinTech entails.
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Contextual Solutions
Berlin, Germany