Global Reach
Technology Consulting & Services in Germany
Technology Consulting & Services in Deutschland
- English
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FTI Consulting’s Germany Technology Team solves data-related business challenges, with expertise in legal and regulatory matters.
We deliver proven expertise in computer forensics to help collect, process and make sense of essential data to present the strongest possible case. Outside our experts, we often rely on the application of technology assisted review, one of the industry-leading solutions.
Our reputation is rooted in us helping our clients navigate and solve data-related business challenges. They rely on us to root out fraud, maintain regulatory compliance, reduce spend, protect sensitive materials, quickly find facts and create business value. As data grows and becomes more complex, we can support your organisation better govern, secure, find, analyse and rapidly make sense of information. In highly regulated jurisdictions, we can deploy technology and host data on site. Innovative technology, expert services and tenacious problem solving methodology provides our global clients with defensible and repeatable solutions.
Corporations and their law firms choose FTI Consulting to effectively deliver a wide range of solutions, including:
Data & Analytics
The independent, trusted professionals at FTI Consulting are experts at using data to reveal underlying truths of business operations, and to support companies during regulatory inquiries, competition law, sanctions and with disputes.
E-discovery
New discovery challenges, from collecting off emerging data sources to evolving data privacy laws, ongoing discovery challenges such as large data volumes, multilingual reviews, and the need for rapid understanding of critical documents. FTI Consulting acts as your trusted partner to provide innovative solutions with defensible results.
Managed Review
Our managed review experts deliver efficiency at every step of a comprehensive legal review ensuring the provision of key information early in your case and frequently throughout the review, until completion. Our collaborative approach allows us to help you manage your matter, deliver quality results, and provide transparent pricing.
Information Governance, Privacy & Security
As data volumes increase, challenges range broadly, from securely storing data in compliance with data privacy regulations to implementing data governance and preservation policies for legal obligations. We develop, implement and document information governance programs that reduce corporate risk, secure data, improve the e-discovery process and enable faster and deeper insight into data.
Cybersecurity
Our clients rely on FTI Consulting’s intelligence-led, expert-driven, strategic approach to global cybersecurity challenges affecting your organisation – your people, your operations, and your reputation. We are a global leading provider of independent cyber and risk management advisory services with a core offering focused on cyber readiness, incident response, and complex investigation and litigation.
Risk & Compliance
Our clients rely on FTI Consulting to help them overcome risk and compliance challenges. Our professionals deliver enterprise-wide risk and compliance solutions that promote business transformation, growth and support ethical business behavior. We offer end-to- end industry-specific and expertise-led advisory services to support risk management and compliance programs.
Digital Forensics & Investigations
FTI Technology provides a strategic, systematic, and economic approach to analyzing, collecting and investigating the full spectrum of modern data sources. Leveraging state-of-the-art forensic technology and methodologies, our experts have years of experience finding and collecting evidence in a defensible manner, with chain of custody intact and minimal disruption to daily business operations.
Blockchain & Digital Assets
Our team of blockchain and digital assets experts specializes in Web3, NFTs, stablecoins, and cryptocurrencies. With backgrounds in regulation, law enforcement, cybersecurity and finance, we offer comprehensive support for risk, compliance, transactions, disputes and investigations. We have hands-on experience in high-profile cases involving theft and misappropriation of digital assets.
Locations:
Düsseldorf
Speditionstr. 21-23, 16th Floor
40221 Düsseldorf
Germany
Google Maps »
+49 (0) 21 1302 97950
Frankfurt
Park Tower 7 Floor,
Bockenheimer Anlage 44
60322 Frankfurt a. M.
Germany
Google Maps »
+49 69 92037 200
Featured Experts:
Renato Fazzone
Senior Managing Director, Regional Head Technology DACH
Renato.Fazzone@fticonsulting.com
+49 211 30297 955
Renato Fazzone is a Senior Managing Director at FTI Consulting. He is a member of the Technology practice based in the Düsseldorf office which he founded in 2020. Since the early 2000s Renato has worked solely in the technology field and during this time has amassed considerable experience in both the technical and strategic application of technology to regulatory requirements as well as for the clients whom he represents.
Renato helped clients navigate through corporate fraud matters such as corruption, asset misappropriation, financial statement fraud as well as anti-trust violations. Renato has extensive expertise in a wide array of industries having assisted clients in a range of misconduct issues.
In this role Renato constantly applied cutting edge technology helping clients identifying hard facts related to highly sensitive cases. He worked closely with management or supervisory boards and if necessary reported back to regulatory authorities such as the SEC, DOJ, DFS, FSO, the European Commission, local prosecutors and local anti-trust authorities.
Renato has provided advice on a wide variety of special investigations including industries such as financial services, banking, retail, automotive, construction, real estate, and steel as well as a variety of other manufacturing industries.
Renato has also advised clients (together with the client’s legal advisors) on data leakage, IP theft as well as on competition and litigation issues. He has authored numerous articles that have been published in the European press and is a frequent conference speaker.
Dr. Jens Koenig
Senior Managing Director
jens.koenig@fticonsulting.com
+49 892 0708 9686
Dr. Koenig is an attorney with nearly 20 years of practicing experience supporting multinational regulatory investigations and coordinating investigative efforts in response to enforcement actions by German prosecutors, the U.S. Department of Justice, the U.S. Securities and Exchange Commission and other domestic and international regulatory agencies. He helps clients solve complex data challenges through close collaboration between legal and IT teams and advises on corporate governance and compliance matters across industry sectors, including automotive, banking, healthcare, pharmaceutical and aerospace. Prior to joining FTI Technology, Dr. Koenig served as counsel at Skadden, Arps, Slate, Meagher & Flom LLP in Munich, Frankfurt and New York for 17 years, with a focus on white-collar crime, internal investigations and cross-border matters. He holds a PhD from Heinrich Heine University of Dϋsseldorf School of Law.
Dominic Piernot
Managing Director
dominiceugen.piernot@fticonsulting.com
+49 162 2195 135
Dominic Piernot has more than 12 years of experience conducting discovery in asset misappropriation, financial statement fraud and antitrust violation matters.
Mr. Piernot advises clients in Germany, Austria and Switzerland as they navigate data-related risks and data privacy challenges, particularly as they relate to responding to high-stakes internal, regulatory and legal investigations and litigation. His experience spans a wide array of industries, and he has assisted clients in numerous misconduct issues and merger control projects in the DACH region and France.
Throughout Mr. Piernot’s career, he has applied cutting-edge technology to complex e-discovery and investigations engagements, helping clients identify critical facts in sensitive cases. As an expert advisor, he works closely with management and supervisory boards, as well as regulatory authorities such as the SEC, the European Commission, local prosecutors and local competition authorities. He has provided advice on special investigations and merger control in the financial services, banking, retail, automotive, construction, real estate and manufacturing industries. His work has also included advising clients on legal holds and collaborating with Works Council across various industries to make IT environments more robust for internal investigations.
In addition to Mr. Piernot’s e-discovery, digital forensics and investigations expertise, he brings a wealth of experience in data privacy and security and best practices for defensible cross-border data transfers.
Prior to joining FTI Consulting, Mr. Piernot was the Managing Director for Sandline. Additionally, he has held consulting positions with numerous service providers in IT, e-discovery and investigations. He has also served as a guest lecturer on IT and compliance topics at the University of Gallen in Switzerland.
Das Technology Team von FTI Consulting löst datenbezogene geschäftliche Herausforderungen und verfügt über Fachwissen in rechtlichen und regulatorischen Fragen.
Wir verfügen über fundiertes Fachwissen in der digitalen Forensik und unterstützen bei der Sammlung, Verarbeitung und Auswertung wichtiger Daten, um diese bestmöglich zu präsentieren. Neben unseren Experten setzen wir häufig effiziente technologiebasierte Review-Management-Lösungen von branchenführenden Anbietern ein.
Unsere Reputation beruht darauf, dass wir unseren Kunden helfen, datenbezogene geschäftliche Herausforderungen zu bewältigen und zu lösen. Sie verlassen sich auf uns, wenn es darum geht, Compliance Verstöße aufzudecken, die Einhaltung gesetzlicher und regulatorischer Vorschriften zu gewährleisten, Kosten zu reduzieren, sensible Informationen zu schützen, Fakten schnell zu identifizieren und geschäftlichen Mehrwert zu schaffen. Da Daten wachsen und immer komplexer werden, können wir Ihr Unternehmen dabei unterstützen, Informationen besser zu verwalten, zu sichern, zu finden, zu analysieren und schnell zu nutzen. In stark regulierten Märkten setzen wir Technologie ein, um Daten vor Ort zu verarbeiten und zu hosten. Innovative Technologie, fachkundige Dienstleistungen und eine nachhaltige Problemlösungsmethodik bieten unseren globalen Kunden belastbare und reproduzierbare Lösungen.
Unternehmen und ihre juristischen Berater entscheiden sich für FTI Consulting, wenn es darum geht, eine breite Palette von Lösungen anzubieten, darunter fallen:
Data & Analytics
Die unabhängigen und anerkannten Experten von FTI Consulting sind Experten in der Nutzung von Daten, um die zugrundeliegenden Informationen von Geschäftsabläufen aufzudecken und Unternehmen bei rechtlichen Untersuchungen, Wettbewerbsrecht, Sanktionen und Streitfällen zu unterstützen.
E-discovery
Neue Herausforderungen zur Beweisführung, von der Erfassung neuer Datenquellen bis hin zu sich entwickelnden Datenschutzgesetzen, laufende Discovery-Herausforderungen wie große Datenmengen, mehrsprachige Überprüfungen und die Notwendigkeit eines schnellen Verständnisses wichtiger Dokumente. FTI Consulting agiert als Ihr zuverlässiger Partner, um innovative Lösungen mit haltbaren Ergebnissen zu liefern.
Managed Review
Unsere Managed-Review-Experten sorgen für Effizienz bei jedem Schritt einer umfassenden rechtlichen Prüfung von Dokumenten, indem sie sicherstellen, dass wichtige Informationen vom Untersuchungsbeginn über die gesamte Projektlaufzeit bis zum Abschluss bereitgestellt werden. Unser kollaboratives Vorgehen ermöglicht es uns, unsere Kunden beim Management Ihrer Projekte zu unterstützen, qualitativ hochwertige Ergebnisse zu liefern und ein transparentes Preismodell anzubieten.
Information Governance, Privacy & Security
Mit zunehmenden Datenmengen wachsen auch die Herausforderungen: von der sicheren Speicherung von Daten unter Einhaltung der Datenschutzbestimmungen bis hin zur Umsetzung von Richtlinien für Data Governance und Datenaufbewahrung zur Erfüllung rechtlicher Verpflichtungen. Wir entwickeln, implementieren und dokumentieren Information-Governance-Programme, die Unternehmensrisiken verringern, Daten sichern, den Prozess zur elektronischen Beweisführung verbessern und einen schnelleren und tieferen Einblick in Daten ermöglichen.
Cybersecurity
Unsere Kunden verlassen sich auf den fundierten, Experten gesteuerten und strategischen Ansatz von FTI Consulting zur Bewältigung globaler Cybersecurity-Herausforderungen, die Ihr Unternehmen betreffen - Ihre Mitarbeiter, Ihre Geschäftsabläufe und Ihre Reputation. Wir sind ein weltweit führender Anbieter von unabhängigen Cyber- und Risikomanagement-Beratungsdienstleistungen mit einem Kernangebot, das sich auf Schutz vor Cyberangriffen, Reaktion auf Sicherheitsvorfälle und komplexe Untersuchungen und Rechtsstreitigkeiten fokussiert.
Risk & Compliance
Unsere Kunden vertrauen darauf, dass FTI Consulting bei der Bewältigung von Risiko- und Compliance-Herausforderungen erfolgreich unterstützt. Unsere Fachleute liefern unternehmensweite Risiko- und Compliance-Lösungen, um die Transformation von Geschäftsprozessen zu unterstützen, das Wachstum zu fördern und ethische Grundsätze zu stärken. Wir bieten branchenspezifische und fachlich fundierte Beratungsleistungen zur Unterstützung von Risikomanagement- und Compliance-Programmen.
Digital Forensics & Investigations
FTI Technology bietet einen strategischen, systematischen und wirtschaftlichen Ansatz für die Analyse, Erfassung und Untersuchung des gesamten Spektrums an modernen Datenquellen. Durch den Einsatz modernster forensischer Technologien und Methoden verfügen unsere Experten über jahrelange Erfahrung im Auffinden und Sammeln von elektronischen Beweisen in einer stichhaltigen Art und Weise, bei der die Beweismittelkette intakt bleibt und der tägliche Geschäftsbetrieb nur minimal beeinträchtigt wird.
Locations:
Düsseldorf
Speditionstr. 21-23, 16th Floor
40221 Düsseldorf
Germany
Google Maps »
+49 (0) 21 1302 97950
Frankfurt
Park Tower 7 Floor,
Bockenheimer Anlage 44
60322 Frankfurt a. M.
Germany
Google Maps »
+49 69 92037 200
Unsere Experten:
Renato Fazzone
Senior Managing Director, Regional Head Technology DACH
Renato.Fazzone@fticonsulting.com
+49 211 30297 955
Renato Fazzone ist Senior Managing Director der FTI Consulting Deutschland GmbH und Leiter der DACH-Region. Er verantwortet das Segment Technology mit Sitz im Düsseldorfer Büro, das er 2020 gegründet hat. Seit Anfang der 2000er Jahre beschäftigt sich Herr Fazzone intensiv mit dem Bereich Technology, der die Themen E-Discovery, Litigation, Computer Forensics, Investigations und Compliance umfasst.
Herr Fazzone unterstützt seine Mandanten dabei sich in Angelegenheiten des Unternehmensbetrugs wie Korruption, Veruntreuung von Vermögenswerten, Bilanzfälschung und Kartellverstößen zurechtzufinden.
Unter der Anwendung von Spitzentechnologien hilft er Kunden bei der Identifizierung von harten Fakten in hochsensiblen Fällen. Er arbeitete eng mit der Geschäftsleitung oder den Aufsichtsräten zusammen und erstattet bei Bedarf Bericht an Aufsichtsbehörden wie die SEC, das DOJ, die DFS, das FSO, die Europäische Kommission, lokale Staatsanwälte und lokale Kartellbehörden.
Herr Fazzone hat bereits bei einer Vielzahl von Sonderuntersuchungen beraten, unter anderem in Branchen wie Finanzdienstleistungen, Banken, Einzelhandel, Automobilbau, Immobilien und Stahl sowie in einer Vielzahl anderer Fertigungsindustrien.
Darüber hinaus Herr Fazzone Kunden, zusammen mit deren Rechtsberatern, zu Datenlecks, Diebstahl von geistigem Eigentum sowie zu Wettbewerbs- und Prozessfragen beraten. Er hat zahlreiche Artikel verfasst, die in der europäischen Presse veröffentlicht wurden, und ist ein gefragter Redner auf Konferenzen.
Dr. Jens Koenig
Senior Managing Director
jens.koenig@fticonsulting.com
+49 892 0708 9686
Dr. Koenig is an attorney with nearly 20 years of practicing experience supporting multinational regulatory investigations and coordinating investigative efforts in response to enforcement actions by German prosecutors, the U.S. Department of Justice, the U.S. Securities and Exchange Commission and other domestic and international regulatory agencies. He helps clients solve complex data challenges through close collaboration between legal and IT teams and advises on corporate governance and compliance matters across industry sectors, including automotive, banking, healthcare, pharmaceutical and aerospace. Prior to joining FTI Technology, Dr. Koenig served as counsel at Skadden, Arps, Slate, Meagher & Flom LLP in Munich, Frankfurt and New York for 17 years, with a focus on white-collar crime, internal investigations and cross-border matters. He holds a PhD from Heinrich Heine University of Dϋsseldorf School of Law.
Dominic Piernot
Managing Director
dominiceugen.piernot@fticonsulting.com
+49 162 2195 135
Dominic Piernot has more than 12 years of experience conducting discovery in asset misappropriation, financial statement fraud and antitrust violation matters.
Mr. Piernot advises clients in Germany, Austria and Switzerland as they navigate data-related risks and data privacy challenges, particularly as they relate to responding to high-stakes internal, regulatory and legal investigations and litigation. His experience spans a wide array of industries, and he has assisted clients in numerous misconduct issues and merger control projects in the DACH region and France.
Throughout Mr. Piernot’s career, he has applied cutting-edge technology to complex e-discovery and investigations engagements, helping clients identify critical facts in sensitive cases. As an expert advisor, he works closely with management and supervisory boards, as well as regulatory authorities such as the SEC, the European Commission, local prosecutors and local competition authorities. He has provided advice on special investigations and merger control in the financial services, banking, retail, automotive, construction, real estate and manufacturing industries. His work has also included advising clients on legal holds and collaborating with Works Council across various industries to make IT environments more robust for internal investigations.
In addition to Mr. Piernot’s e-discovery, digital forensics and investigations expertise, he brings a wealth of experience in data privacy and security and best practices for defensible cross-border data transfers.
Prior to joining FTI Consulting, Mr. Piernot was the Managing Director for Sandline. Additionally, he has held consulting positions with numerous service providers in IT, e-discovery and investigations. He has also served as a guest lecturer on IT and compliance topics at the University of Gallen in Switzerland.
Related Services
Digital Insights and Risk Management
Growing the business, protecting sensitive information and managing liability in a complex and dynamic environment – these are just a few of today’s organizational priorities in which enterprise data plays a critical role. How organizations, teams and stakeholders approach this data poses challenges and opportunities across the entire digital risk spectrum, including privacy, security, technology, legal, governance, risk and compliance.
Cryptocurrency and digital assets have created new challenges for corporations and law firms globally. Fraud, theft and misuse of cryptocurrencies and non-fungible tokens (NFTs) make headlines almost daily, and recent market volatility has significantly impacted crypto-native organizations and institutions that relied on their services. Legal teams are facing a new, rapidly evolving subject matter that requires significant technical know-how to explain complex subjects to various audiences.
Solving Complex Investigations Using Advanced Technology
Our multi-disciplinary team of specialist investigators, forensic accountants, data analysts, and computer forensic experts undertake investigations involving corporate fraud, whistle blowing, employee negligence, white-collar crime, bribery, and corruption allegations. We offer the right platform to dramatically improve the speed and accuracy of review, while providing a predictable process and reduced costs across e-discovery projects.
FTI Investigate: Mobile Software und Dienstleistungslösungen
Der Anlass für investigative Untersuchungen kann heute vielfältig sein. Ob anonyme Anschuldigungen durch einen internen Whistleblower oder staatsanwaltschaftliche Ermittlungen. Egal ob Due Diligence Prüfungen, die Überprüfung von Korruptionsverdachtsfällen auf Basis des Foreign Corrupt Practices Act (FCPA) oder schlicht der Verdacht eines Finanzbetruges. In all diesen Fällen ist die Reaktionszeit für Unternehmen extrem kurz. Wenn dann -wie in vielen Fällen- auch komplexe nationale und internationale Datenschutz-Themen eine Rolle spielen, oder immense Datenmengen aus verschiedensten Quellen zu Untersuchungen herangezogen werden müssen, brauchen Unternehmen Unterstützung, um den Aufwand für notwendige Ermittlungen in Grenzen zu halten.
Durchführung komplexer Untersuchungen mit modernster Technologie
Mit unseren fachübergreifenden Teams aus spezialisierten Ermittlern, erfahrenen Reviewern, Datenanalysten und Computerforensikern übernehmen wir Ermittlungen in komplexen Fällen von Betrug, Wirtschaftskriminalität, Whistleblowing, bei fahrlässigen Verhalten von Mitarbeitern, Verdacht der Bestechlichkeit bzw. bei Korruptionsfällen.
Confronting Data Risk with Expertise and Innovation
Amid an exponentially expanding universe of data, organisations are grappling with how to root out fraud, maintain regulatory compliance, protect sensitive information and mitigate an ever-expanding landscape of risk.
Risk & Compliance Services for Smarsh
Smarsh clients are investing in Artificial Intelligence (AI)-powered solutions to uncover risk, comply with regulations and safeguard corporate reputations. With growing concerns over the volume and variety of corporate communications and the increased potential for non-compliant behaviors to go undetected, it is necessary to leverage data and analytics to mitigate a wide range of risks. FTI Technology provides additional services in Risk & Compliance to address growing challenges and maintain a healthy compliance program while keeping control over the overall cost of compliance.
Information Governance Services for Smarsh
Smarsh clients are taking proactive steps in the management of corporate communications to reduce their compliance risk and mitigate the rising cost of data management. With the Smarsh archive in place, further enhancements can help address broader challenges with corporate data across a diverse set of enterprise end-users that strengthen the ROI on this investment. FTI Technology provides a comprehensive suite of services to provide comfort that regulatory obligations are satisfied and business objectives are met.
FTI Investigate: Mobile Software and Services Solution
Investigations can range widely—from whistle blower allegations, government inquiries and subpoenas, to corporate due diligence, potential Foreign Corrupt Practices Act (FCPA) violations, and financial fraud. Often, the only consistent requirements across investigations are short time frames and an urgent need to keep sensitive data secure. Add in any number of common variables, such as foreign and local data privacy laws to high data volumes, and corporations face significant challenges executing internal investigations in a defensible manner.
Mergers, Acquisitions and Divestitures
Merging companies can reduce the cost and risk of consolidating organisational data by utilising FTI Technology’s Information Governance, Privacy & Security (IGP&S) and Contract Intelligence services. Companies know that legacy computer systems, archives and contracts often contain historic and confidential data which is critical to ongoing operations, pending litigations, and regulatory requirements. This data often contains personally identifiable information (PII) for both employees and customers.
In response to the COVID-19 pandemic, FTI Technology’s award-winning managed review service is now available through a secure, virtual environment.
With speed, efficiency and defensibility, FTI Consulting applies a systematic approach to collecting electronic data across the globe without the need for physical deployment. Using custom and industry-standard tools, our experienced data collection specialists maintain the forensic integrity, defensibility and security of data throughout supported by full chain of custody tracking.
Solving Complex Investigations Using Advanced Technology
Our multi-disciplinary team of specialist investigators, forensic accountants, data analysts, and computer forensic experts undertake investigations involving corporate fraud, whistle blowing, employee negligence, white-collar crime, bribery, and corruption allegations. We offer the right platform to dramatically improve the speed and accuracy of review, while providing a predictable process and reduced costs across e-discovery projects.
Related Thought Leadership
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Forecasting Digital Risk in 2024
After a feverish period of disruption across many facets of technology, it’s becoming more difficult to delineate between what could happen and what will happen in the months and year ahead. Business leaders often rely upon industry forecasts to prepare for anticipated change that is likely to impact their operations, go-to-market strategies, hiring plans, etc. Yet in a hype-filled environment in which it seems like anything is possible, organizations must be highly discerning about how they prepare for evolving digital risk and establish resilience for future technological disruption.
White Paper
Digital risk has triggered a fundamental shift in the corporate legal department. Against a tremulous cultural, economic and geopolitical backdrop, numerous issues have cascaded into tipping points across the legal function. Data-centered regulatory activity, privacy requirements, generative artificial intelligence disruption, technology advancement and an expansive web of emerging data sources are now impacting the way legal departments prioritize resources. In addition to placing tremendous demand on in-house counsel, this environment has led to a decline in the general counsel’s feelings of preparedness for every major risk category.
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Nachdem die EU-Wettbewerbskommission im Zuge einer Joint-Venture-Gründung einen Second Request einleitete, stand die beteiligte Anwaltskanzlei unter dem akuten Druck, in nur neun Tagen über 55.000 Dokumente bearbeiten zu müssen.
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Mit Inkrafttreten der DSGVO wurden Unternehmen neue Pflichten für die Erhebung, Verarbeitung und Speicherung personenbezogener Daten von EUBürgerInnen auferlegt. Dazu gehört die Erfüllung von Auskunftsersuchen nach personenbezogenen Daten (Data Subject Access Requests, DSAR), mit denen Personen ihr Recht wahrnehmen, zu erfahren, welche Daten über sie gespeichert und wie diese verarbeitet werden. Bereits im ersten Geltungsjahr der DSGVO verzeichneten über 70 Prozent von befragten Unternehmen einen Anstieg der DSAR-Anträge.
Case Study
Data Subject Access Request Document Review
With the advent of GDPR, companies entered a new era of regulation around how they collect, handle and store personal data belonging to EU citizens. This includes the fulfillment of data subject access requests (DSARs), in which individuals can exercise rights and inquiries relating to the personal information an organisation has about them and how it is managed. In the first year of GDPR enforcement, more than 70 percent of surveyed organisations indicated an increase in DSARs.
Video
Driving Innovative Client Solutions
At FTI Technology we drive innovative client solutions to solve data-related business challenges. Innovative technology, expert services and tenacious problem-solving provide our global clients with defensible and repeatable solutions. Technology plays a key role in turning large and complex volumes of data into information that enables businesses to make informed decisions.
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Delivering on the Promise of “Cradle-to-Grave” Data Management in Large Financial Institutions
Financial institutions are grappling with significant, ongoing challenges in their management of valuable communications data. These challenges are driven by accelerated technology change, a wholesale shift to cloud platforms and many long-lasting changes in working practices and behaviors post-COVID. Financial institutions have experienced a seismic shift from an era where all communications data was stored in centralized servers within the walls of its enterprise data centers. Now, email, chat, voice and video along with other dynamic forms of collaborative content, is stored across a myriad of third-party communications channels and cloud-based platforms outside the perimeter of the enterprise.
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The State of Emerging Data 2023: An Overlapping Arrival and Departure - EMEA
Emerging data sources passed a tipping point this year. It was an expected turn for experts watching the evolution of systems, applications, technology adoption and communication habits over the past several years. Some understood that this year would bring an arrival of a new data reality. Indeed expectations have been validated — 71% of CIOs from the world’s largest organizations now say that the explosion of data is beyond human ability to manage. Simply, traditional data norms have been replaced by a complex, vast, dynamic and constantly changing data universe.
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After implementing Smarsh to archive all communications, a major national bank needed access across multiple end-user teams and functions, including legal, regulatory compliance and more. The bank engaged FTI Technology to provide access to this single source of communications data for a broader audience, thus enhancing the bank’s return on its initial technology implementation.
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When Google engineer Blake Lemoine announced last year that the AI chat bot tool he had helped develop had achieved sentience, and that it possessed a soul, many people reacted with fear and concern. That wave continued with the seemingly overnight emergence of ChatGPT into the mainstream. To many, these developments seemed like science fiction come to life — that technology advancement had unwittingly crossed into an age where artificially created intelligence was on track to supersede that of its creators. The resounding question was: will this lead to mass job losses, or worse?
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Ist die Blockchain-Technologie die Antwort auf das Lieferkettengesetz?
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Blog Post
Grundlagen der digitalen Forensik: Erfolgreiche Beweissicherung
Die digitale Forensik, auch Computerforensik oder IT-Forensik genannt, befasst sich mit der Aufdeckung und Untersuchung von Straftaten und kann zur Rekonstruktion krimineller Handlungen eingesetzt werden. Ein wesentlicher Bestandteil ist die digitale oder elektronische Beweissicherung. Dabei müssen Daten aus relevanten Bereichen auf effektive und gerichtsfeste Weise gesammelt, dokumentiert und verarbeitet werden. Dieser Artikel befasst sich mit der Entwicklung der digitalen Forensik in einer Zeit, in der Volumen und Vielfalt der verfügbaren Daten weit über alle Erwartungen gewachsen sind, und widmet sich der Frage, wie sich Unternehmen für eine mögliche Untersuchung wappnen können.
White Paper
The Most Valuable, Vulnerable Commodity - EMEIA
The FTI Technology Digital Insights & Risk Management Study, a comprehensive report that examines the extent to which organizations are recognizing the high stakes of data and effectively managing digital risk, involved senior business leaders from various global geographies and industries, with over 90% being at the executive level with primary or final decision-making authority.
Blog Post
MiCAR: An Overview of Everything Important About the Crypto Regulatory Framework
Agreed upon text for MiCAR, Markets in Crypto-Assets Regulation, was published by the European Council in October 2022, with expectations that the regulation will be ratified in early 2023. Once approved, the law will come into force within 20 days and regulatated entities will have between 12-18 months to establish compliance. This raises significant questions for how organisations can deal with cryptocurrencies, how NFTs will be regulated and when the new regulatory framework will apply. This article discusses the key points.
Blog Post
MiCAR-Verordnung: Alles, was man über den Regulierungsrahmen für Kryptowerte wissen muss
Im Oktober 2022 wurde vom Europäischen Rat die abgestimmte Fassung der Verordnung über Märkte für Kryptowerte (Markets in Crypto-Assets Regulation, MiCAR) veröffentlicht, die Anfang 2023 ratifiziert werden soll. Nach erfolgter Ratifizierung kann die Verordnung innerhalb von 20 Tagen in Kraft treten. Regulierte Rechtsträger haben dann 12 bis 18 Monate Zeit, um die entsprechenden Vorkehrungen zur Einhaltung der Rechtsvorschrift zu treffen. Dies wirft viele Fragen auf: Wie sollen Unternehmen mit Kryptowährungen umgehen? Werden Non-Fungible Token (NFT) von der Verordnung erfasst? Ab wann gilt der neue Regulierungsrahmen? Dieser Artikel beschäftigt sich mit den wichtigsten Aspekten der Neuregelung.
Blog Post
Money Laundering Prevention: Obligations for Financial Institutions
Money laundering risks are among the most significant risks in the financial markets. In a recent study, Transparency International estimated the volume of money laundering in Germany at up to €100 billion annually. In 2021, the police in Germany recorded 14,785 cases of money laundering, according to Statista. This was an increase of more than 5,000 from the previous year. The number of reports received by the Financial Intelligence Unit (FIU), the central office for financial transaction investigations, regarding suspected money laundering also doubled last year compared to 2020. Financial institutions are particularly affected by these trends. Effective money laundering prevention is the only way for them to protect against the risks of these criminal enterprises.
White Paper
The 2023 General Counsel Report - EMEA
Risk is now at the centre of every conversation in the modern legal department. Over four consecutive years of study in the annual General Counsel Report, in-house counsel have expressed how they’ve been required to evolve and reinvent their roles. Once seen only as risk mitigators, they have become strategic business partners and have taken on an array of new responsibilities across a widening risk landscape.
Blog Post
Data Subject Requests and the GDPR: Steps to Prepare
Citizens in the E.U. have the right to request information about the storage of their personal data (GDPR Article 15). Many make good use of it. Similarly, in the U.K., citizens can pursue a Data Subject Access Request (DSAR) under the U.K. Data Protection Act. These requests for information by data subjects, whether individuals, customers, suppliers or authorities, can cause companies great distress — unless they are prepared to respond to them fully, on time and in a manner that builds trust with customers, employees and partners.
Blog Post
Neun Tipps für eine sichere IT-Infrastruktur
Trotz einer stetig wachsenden Risikolandschaft tun sich viele Unternehmen nach wie vor schwer, die Schwachstellen in der Informationssicherheit ihrer IT-Infrastruktur vollständig zu beseitigen oder diesen vorbeugend entgegenzuwirken. Viele Unternehmen verfügen über veraltete IT-Umgebungen, die sich durch das schrittweise Hinzufügen von immer neueren Systemen entwickelt haben. Daraus entsteht dann eine Architektur, die sehr schwer zu übersehen und zu schützen ist. Bei Sicherheitsvorfällen, behördlichen Untersuchungen und Verstößen gegen die Vorschriften kann eine schlecht verwaltete Datenumgebung zu erheblichen Problemen führen.
Blog Post
Geldwäscheprävention: Pflichten für Finanzinstitute
Geldwäscherisiken zählen zu den gefährlichsten Risiken an den Finanzmärkten. Laut einer neuen Studie von Transparency International zirkuliert in der öffentlichen Debatte zu diesem Thema die Zahl von 100 Milliarden Euro, die jährlich in Deutschland gewaschen werden. Im Jahr 2021 gab es Angaben von Statista zufolge in Deutschland 14.785 polizeilich erfasst Fälle von Geldwäsche. Dies entspricht einem Anstieg um mehr als 5.000 Fälle gegenüber dem Vorjahr. Auch die Anzahl der bei der Financial Intelligence Unit (FIU), der Zentralstelle für Finanztransaktionsuntersuchungen, eingegangenen Geldwäscheverdachtsanzeigen hat sich gegenüber 2020 verdoppelt. Finanzinstitute sind von diesen Trends besonders stark betroffen. Nur durch wirksame Geldwäscheprävention können diese sich vor den aus diesen kriminellen Machenschaften resultierenden Risiken schützen.
Blog Post
Dominic Piernot ist seit Kurzem als Managing Director Mitglied im FTI Technology-Team in Deutschland, mit Schwerpunkt auf interne Untersuchungen und Datenschutz. In dieser Frage- und Antwortrunde erörtert er die wichtigsten Erkenntnisse der Konferenz “DKN Data Privacy Summit” sowie den Ausblick für seinen Bereich und das wachsende Team in Deutschland.
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Künstliche Intelligenz und Machine Learning – Unterschiede und Potenziale
Um Technologien wie „Künstliche Intelligenz“ (KI) und „Machine Learning“ bzw. „Maschinelles Lernen“ (ML) wurde im vergangenen Jahrzehnt ein enormer Rummel gemacht. Hinter dem Hype stecken jedoch konkrete und sinnvolle Anwendungsbereiche, mit deren Hilfe Unternehmen sich unter anderem Übersicht über große Mengen unstrukturierter Daten verschaffen, besser vorausschauende Entscheidungen treffen, das Kundenerlebnis verbessern oder Risiken erkennen können. Angesichts des immer rascheren Wandels, dem die Unternehmen unterworfen sind, und des rasanten technologischen Fortschritts ist es mitunter schwierig für Unternehmensverantwortliche, den Durchblick bei Vor- und Nachteilen von KI und ML sowie den Hauptunterschieden zwischen beiden Technologien zu behalten.
Blog Post
Dominic Piernot recently joined FTI Technology’s team in Germany as a Managing Director, with a focus on investigations and data privacy. In this Q&A, he discusses key insights from a recent data privacy–focused summit, as well as plans for his practice alongside the growing team in Germany.
Blog Post
Nine Tips to Achieve Secure IT Infrastructure
Despite a steadily increasing risk landscape, many organisations continue to struggle to fully address information security vulnerabilities within their IT infrastructure. Many companies have outdated IT environments that have evolved through the addition of more and more systems, leading to an architecture that can become very difficult to navigate and protect. When security incidents, government enquiries and compliance violations arise, a poorly managed data environment can become a significant problem.
Blog Post
Meldung von Datenschutzverletzungen – Leitlinien
Zu oft sind Datenschutzverletzungen auf vermeidbare interne Fehler zurückzuführen. Dieses Problem und daraus resultierende Reputationsschäden bereiten Geschäftsführungsverantwortlichen zunehmend Kopfzerbrechen. Die größte Sorge ist häufig, dass über den finanziellen Schaden hinaus katastrophale Folgen drohen. Wenn personenbezogene Daten tausender Kunden und Geschäftspartner von einer Datenpanne betroffen sind, müssen die Unternehmen auch massive rechtliche Konsequenzen fürchten. So können Betroffene klagen oder DSGVO-Verstöße zur Anzeige bringen. Dieser Artikel zeigt auf, was es unbedingt zu beachten gilt und welche Maßnahmen nötig sind, um die Folgerisiken einzudämmen und sicherzustellen, dass im Falle einer Datenschutzverletzung die Meldepflichten erfüllt werden.
Blog Post
A Guide to Data Breach Reporting Obligations
All too often, data breaches are a result of preventable, internal errors. These mistakes and the reputational damage that follow them are increasingly keeping business leaders up at night. What is often most concerning is that it’s not only the financial damage that can cause catastrophe. When the personal data of thousands of customers and partners are affected by a data breach, organisations can also face significant legal ramifications in the form of litigation and GDPR violations. This article will discuss the key considerations and steps that should be taken to reduce fallout and ensure reporting obligations are met in the event of a data breach.
Blog Post
Neue Paradigmen für KI-basierteUntersuchungen: Schneller, präziser, belastbarer!
Im Durchschnitt müssen heutzutage im Rahmen der E-Discovery bei jedem Fall Dokumente im Umfang von mehr als 6,5 Millionen Seiten ausgewertet werden. Bei komplexen multinationalen Rechtsstreitigkeiten und internen Untersuchungen von großer Tragweite sind diese Datenmengen oft noch größer. Der nur zögerlicher Einsatz neuester Technologien sowie veraltete manuelle Prozesse verursachen einen enormen Zeit- und Kostenaufwand , um innerhalb einer großen Masse heterogener Daten wichtige Informationen zu finden, die schnell vor Gericht zu verwerten sind.
Blog Post
Understanding the Differences and Benefits between Artificial Intelligence and Machine Learning
Artificial intelligence (AI) and machine learning (ML) may be among the most over-hyped buzzwords of the last decade. Still, behind the hype, these technologies have tangible and meaningful applications that can help companies gain insights into large volumes of unstructured data, support predictive decision-making, improve customer experience and detect vulnerabilities, among other things. Given the accelerating pace of change within organizations and across technology advancements, it can be difficult for business leaders to stay abreast of the benefits and risks associated with AI and ML as well as the key differences between these evolving technologies.
Blog Post
Einblick in die Funktionsweise von Smart Contracts und deren Nutzen für Unternehmen
Bis vor Kurzem war „Smart Contracts“ nicht viel mehr als ein Buzzword. Im Zuge des wachsenden Hypes um die Blockchain und digitale Vermögenswerte ist das Thema Smart Contracts inzwischen in aller Munde, doch kaum jemand weiß genau, worum es hierbei geht. Das dürfte sich nun ändern, da die Zahl praktischer Anwendungsfälle für Smart Contracts wächst und immer mehr Unternehmen im Geschäftsbetrieb hiervon profitieren. Viele Organisationen habe begonnen, mithilfe von Smart Contracts Abläufe zu digitalisieren, Prozesse zu verbessern und Transaktionen schneller, transparenter und sicherer zu machen. Dieser Artikel befasst sich mit den wesentlichen Merkmalen von Smart Contracts und den wichtigsten Anwendungsfällen, der Funktionsweise und den Vorteilen dieser Technologie.
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Understanding the Functionality and Benefits of Smart Contracts for Corporations
Until recently, the term “smart contracts” was little more than a buzzword. As part of the rising hype within the blockchain and digital assets arena, smart contracts have been of interest to many but understood by few. That’s beginning to change as a wide range of real-world, practical smart contracts use cases are gaining momentum and proving results for business operations within a growing number of enterprises. Many organizations have started to digitally map workflows, improve processes and achieve faster, more transparent and reliable transactions with the help of smart contracts. This article discusses the key features of smart contracts, leading use cases, functionality and benefits.
Blog Post
The AI and Investigations Paradigm: Faster, More Precise, Defensible
The average e-discovery matter today involves more than 6.5 million pages of documents. In complex, multi-national matters and high-stakes internal investigations, data volumes are often much higher. Outdated manual processes and reluctance to leverage advanced tools to find key information from within large, diverse data sets are resulting in excessive time, cost and complexity in bringing matters to a swift and defensible conclusion.
Article
Understanding the Intersection of Cryptocurrency and Financial Crime
FTI Consulting’s Resilience Barometer 3 found that 71% of business leaders in Germany said they are considering implementing blockchain and/or cryptocurrency technology in the coming year, and 53% are planning to increase budget for these projects.
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Beyond the Pandemic: EMEA Data and Discovery Roundtable
One year on from COVID, the risks resulting from long-term work from home environments and economic troubles have been widely discussed—and felt—in every major region worldwide. Data and discovery risks have been especially impacted. We gathered a roundtable of our experts from France, Germany, Ireland, and Spain to discuss these issues in detail.
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Q&A: Renato Fazzone Discusses Expanding Footprint and Client Service in Germany
The recent appointment of Renato Fazzone as Senior Managing Director and Germany Head of Technology established our permanent presence in the German market for our Technology practice. Backed by more than 15 years working in e-discovery and litigation support, as well as advising clients on corporate fraud and antitrust matters, Renato is eager to expand our offerings and expertise to clients in the region. We recently sat down with him to discuss his vision, the top issues impacting German corporations today, and how the COVID-19 pandemic is impacting FTI’s offerings.
Article
How Does the COVID-19 Pandemic Lead to Project Delays?
The effects and consequences of the COVID-19 crisis will affect our society for many years to come in many different ways. The pandemic has led to a trend that is already evident in an increasing number of legal disputes in significant projects between contractual partners or insurers, for example, when implementing IT and other complex infrastructure projects or construction projects.