The E-Finance Lab is an industry-academic partnership between Frankfurt and Darmstadt Universities and partners Deutsche Börse, DZ Bank Gruppe, Finanz Informatik, 360 Treasury Systems, FACTSET Digital Solutions, and usd AG located at Goethe University Frankfurt.
Goal of the E-Finance Lab is to jointly develop scientific yet managerial methods for rearranging the business processes of the financial service industry. The overall approach is to apply industrial methods well established in other domains, such as automotive supply chain optimization, to the financial supply chain. Using this industry metaphor, the main challenges are the design of smart production infrastructures, including the development and evaluation of advantageous sourcing strategies, and smart selling concepts to enable new revenue streams for financial service providers in the future. Prof. Dr. Wolfgang Koenig, speaker of the E-Finance Lab, states that "our goal is to contribute methods and views to the realignment of the financial supply chain".
The E-Finance Lab research is supervised by five professors: Prof. Dr. Wolfgang König holds the Chair of Information Systems at Frankfurt University. Prof. Dr.-Ing. Ralf Steinmetz heads the Multimedia Communications Lab at Technische Universität Darmstadt. These two professors preside over the layer "IT Infrastructure: Service Systems in E-Finance". Prof. Dr. Peter Gomber, Chair of e-Finance, Frankfurt University is head of the layer "E-Financial Markets & Market Infrastructures". Prof. Dr. Bernd Skiera, Germany’s first chair-holder of Electronic Commerce and Prof. Dr. Andreas Hackethal, Professor of Banking and Finance (both from Frankfurt University) head the layer "Customers in E-Finance".
For more information about the projects please visit our layer page.
The financial services industry is urgently requested to offer agile, distributed, functionally enhanced, mobile easy-to-use, and seamlessly interconnected digital products which often collides with restrictions of its historically grown systems architecture and thinking. This "Digital Finance 2.0" is a completely new form of banking and finance which puts the tool support for web-based selfservices of customers in the center. This includes furthering their intelligence and assistance as well as offering improved security. At the same time, Digital Finance 2.0 substantially reduces process and infrastructure costs, allows to make use of the Internet of Things and provides open standards and platforms. Last but not least, it permits to meet the massively increased regulatory requirements. Consequently, this industry needs new powerful business models.
The mission of the E-Finance Lab as an interdisciplinary research and knowledge transfer center is to investigate and co-shape "Digital Finance 2.0" with both customers and the financial services industry by conducting empirical research that serves to analyze and assess how this economic, technological, and social transformation affects strategies and information systems. Furthermore,we aim at supporting FinTech start-up initiatives and to prepare our students for these challenges.
The E-Finance Lab is a proud member of the House of Finance at the Goethe University, Frankfurt. For more information about the HoF, please refer to www.houseoffinance.eu.