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Start-ups: Together for Trends & Innovations

Discover Trends & Innovations of the start-up ecosystem of the Digital Hub Initiative in Germany.

In twelve Digital Hubs spread all over Germany start-ups, corporates and academia come together in order to develop answers of coming chances and challenges.

Find out more about trending industries in Germany

Digital Hub FinTech Frankfurt: safeFBDC - Building a Data Protection Ecosystem

Cloud computing, artificial intelligence and big data have been transforming the way things work. Training algorithms to detect money laundering, credit fraud or to improve efficiency in financial supply chains could improve security.

Financial Big Data Cluster: The right idea at the right time

The Financial Big Data Cluster (FBDC) is a new data-sharing initiative powered by the GAIA-X initiative established by the Federal Ministry for Economic Affairs and Energy (BMWi). This unprecedented initiative is built on strong values and stands for transparency, openness, security, and trustworthiness. It is also partnered and supported by actors from all corners of the tech world – from hyperscalers to SMBs and start-ups. 

What makes FBDC different from previous ventures?  

The time is now right as technology has reached a new level capable of achieving valuable results fast. The financial services industry also understands that cloud technology and data science are not just  nice-to-haves, but are essential to maintaining competitiveness within the industry as a whole.

The FBDC initiative is not primarily focused on capitalization but has a much broader vision: It is about building an ecosystem across regulators, start-ups, academics, and established corporate entities. The early participation of legislators and regulators ensures joint solutions for regulatory and governance issues. Partners and advisory bodies including, for example, Land Hessen and other regulators – that are also potential future users and contributors to the initiative – can provide invaluable feedback and support in building the governance structures required to make the FBDC vision a reality.

Getting things done: safeFBDC 

The creation of this revolutionary ecosystem involves establishing a technological setup and industry standards that become role models for data security. Five use cases are currently working on actual implementations – such as promoting sustainable finance and fraud and money laundering prevention in financial markets – of this ecosystem as part of the BMWi “safeFBDC” project.

A first feasibility study has delivered results that point in the direction of a decentralized setup that ensures complete data sovereignty for anyone providing data. This is essential for the training of machine-learning algorithms for anyone who wants to train their systems with federated learning but does not have a large trove of data at hand. Moreover, privacy-enhancing techniques are created to ensure that all partners worldwide share the same standard of safety and security. 

The safeFBDC initiative will be run for three years up to 2023 by eleven partners from industry, science, and the start-up world: Deloitte, Deutsche Börse, Frankfurt School of Finance, Fraunhofer IML, Hawk:AI, Helaba, Main Incubator, SAP, Spotixx, TechQuartier, and TU Darmstadt. The mix of disruptive start-ups, established companies and scientific institutions opens up a field of synergies.

The involvement of almost 30 associated partners – from sectors including insurance and technology – underlines the importance of this initiative and highlights the strong need for it. The FBDC initiative is doing the right thing at the right time – with all tools and services focused on a stable, secure and lasting solution that will change data sharing and AI use for the better.

Find out more about safeFBDC and the Digital Hub FinTech Frankfurt.

Digital Hub Logistics Hamburg: Sustainable Logistics on the Rise

Sustainability core of companies´ strategic planning

A recent study by the new KLU Center for Sustainable Logistics and Supply Chain (CSLS), carried out in partnership with The European Freight & Logistics Leaders’ Forum, indicates that despite the coronavirus pandemic, the logistics decarbonization process in Europe is proceeding full steam ahead and being integrated into companies’ strategic planning. The report is based on a survey of more than 90 senior executives in the sector. The major conclusions:

30 percent fixed sustainability goals

More than half of the companies surveyed already have a sustainable logistics strategy or are in the process of introducing one. 30 percent of the participants were classified as "leading", meaning that they already had corresponding strategies or were in the process of implementing them. What’s more, these companies also had already set absolute CO2 reduction targets for their logistics operations and were able to precisely measure the associated CO2 emissions.

Nearly 70 percent of all participants, and 87 per cent in the 'leading' category, said that the Covid-19 crisis had either no impact or even a positive impact on their decarbonization actions. 40 percent (and 60 percent of leading companies) reckon that half or more of CO2-reducing measures also cut costs, confirming close alignment of environmental and commercial objectives.

The three most cost-effective ways of decarbonizing logistics mentioned were shifting freight from road to rail, improving vehicle utilization and switching transport operations from fossil fuel to renewable energy.

Digitalization’s logistics impact

Three-quarters of the managers expect digitalization will transform logistics over the next five years. Predicted improvements include better supply chain transparency, advances in transport management systems and innovation in vehicle utilization and online logistics platforms.

Digital Hub Logistics Hamburg: FAST MOVER

With the Fast Mover initiative, the Digital Hub Logistics Hamburg challenges Start-ups and innovators worldwide to present their solutions and innovative concepts for the logistics industry in accordance with the United Nations’ 17 Sustainable Development Goals.

The Fast Mover aims to mobilize the international innovation potential of the logistics and cross-industry sector to overcome sustainability challenges.

Find out more about the Fast Mover initiative and Digital Hub Logistics Hamburg.

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