The E-Finance Lab is an industry-academic partnership between Frankfurt and Darmstadt Universities and partners Deutsche Bank, Deutsche Börse, DZ Bank Gruppe, Finanz Informatik, IBM, 360 Treasury Systems and Interactive Data Managed Solutions located at J. W. 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 and two junior 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 service industry is believed to be on the verge of a dramatic [r]evolution. A substantial redesign of its value chains aimed at reducing costs, providing more efficient and flexible services and enabling newproducts and revenue streams is imminent. But there seems to be no clear migration path nor goal which can cast light on the question where the finance industry and its various players will be and should be in a decade from now.
The mission of the E-Finance Lab is the development and application of research methodologies in the financial industry that promote and assess how business strategies and structures are shared and supported by strategies and structures of information systems.
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.