According to a survey conducted by Accenture, 88% of banks believe that ecosystems will change the bank-customer relationship in the future and that ecosystem-related initiatives will be the main driver of future value creation in the banking industry.

From the Brno branch to the head of the team that takes care of the insurance of multinational clients around the world in less than seven years. Michal Holzer, the Global Services Director at RENOMIA, is a good example of the fact that if you have the talent and can succeed, your possibilities in this company are virtually limitless. Michal is a person who believes in the power of self-reflection, does not like routine procedures if they are no longer functional, is open to new things and is looking to work with people who want to develop further. He is not afraid to say that insurance is a sexy industry that will get you closer to almost every human field.

Based on analysing institution’s statement about data protection and sensitive data processing on the Czech market, 40% of FIs are using various biometric data in general. Additionally, 33% of the FIs are specifically processing biometric digital signatures. Out of all Czech FIs that use biometric data, only 7% of them are related to facial biometrics and 13% to voice biometrics. The banking sector has been very conservative, and many traditional institutions are still building on this value. However, the pressure of non-banking institutions and customer requirements force this sector to accept the latest technologies and make the best use of them in their business. 

When selling companies in the Czech Republic, parties prefer to determine the purchase price on the basis of the financial statements prepared at the date of the company’s takeover by the new owner, the so-called closing accounts. When negotiating a Share Purchase Agreement (SPA), this purchase price mechanism was chosen for 71% of deals. This results from the latest Deloitte study Deal making in the Czech Republic summarising selected data from significant transactions over the last few years.