Omikron’s Strategy Forum Payments attracts large audience

Bankers discuss how to get the most out of the changing payments landscape

"Many of the security methods used today in Internet Banking are in fact highly insecure." Thomas Urban and René Riedel from the Institute for Internet Security of Westphalia University shared their latest research findings on risks in Electronic Banking with the audience at Omikron’s annual event, as well as indicating possible approaches to securing electronic payments in future.

The correct way to deal with new risks and new dangers was just one of many hot topics addressed during Omikron’s strategic forum for payments 2015. Around 100 bankers had accepted Omikron’s invitation to join the forum in Cologne this year to analyse the current and future challenges in the payments business and discuss possible approaches for banks. Alongside informative presentations, the event provided plenty of opportunities for the participants to exchange experiences with other decision-makers from the payments area.

Markus Linden, Product Manager at Omikron, explained how the security architecture of the new MultiCash Generation helps to screen against risks in Electronic Banking. The fact that the latest requirements for secure internet payments, as highlighted in a recent BaFin (German Federal Financial Supervisory Authority) newsletter, have been realised in the new MultiCash Classic Generation (4.0) met with great interest.

Christine Pritzen, Senior Treasury Manager at Deutsche Post AG, took on the subject of innovation in Electronic Banking from the perspective of a global corporate. Key expectations include innovations in standardisation and transparency in bank service billing. Omikron’s Helmut Knester was then able to show concretely how the upcoming MultiCash Generation supports the analysis of banking fees and bank account management. The demand for standardisation and internationalisation is also at the heart of the increasing acceptance of XML formats in the context of SEPA and CGI-MP. As a leading specialist on international formats, Omikron is ideally suited to provide insights into these and other current XML trends. In addition, Omikron was able to show the audience how the MultiCash product family is prepared for these trends at an early stage.

The usability expert Yasin Demiraslan from User Interface Design GmbH explained that user experience has to be at the heart of Electronic Banking solution design. On the bank side, powerful and state-of-the-art user interfaces are becoming more and more important to meet the rapid progress in Electronic Banking developments. Thomas Zimmermann, Managing Director of Omikron, explained how banks can successfully position themselves in this environment with a multi-channel platform.

After the event many of the participants followed Omikron’s invitation to an informal reception, allowing discussions to continue in a relaxed atmosphere.