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Archive for: August, 2009

Bo Harald - ZEF Solutions - Esbo | 23/08/2009 | 3943 views

Socio-technical landscape

We should be today promoting common-sensical solutions for sense-making business. Are we? Maybe not… at least not often enough. The socio-technical landscape has changed so fast and we are still prisoners of quarterly capitalism (trying to create value for shareholders now staying for an average of 10 months), corporate governance models fr... Tags: Online banking, Retail bankingGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 22/08/2009 | 2254 views

54 billions in Germany - too much or not enough?

Deutsche Bank Research report came out with this cost saving figure - referring to research at Hanover University. Is it too much - or not enough? The answer is yes... 1. If you only think about cost savings achieved with dematerialization of paper (30 billion invoices and envelopes on EU level a year..) and saving stamps the estimate looks far t... Tags: Online banking, PaymentsGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 15/08/2009 | 2359 views

Innovation - automating accounting for 20m enterprises..

The EC drive to reduce administrative costs by 25% in SMEs by 2012 is surely worth all support - especially as SMEs represent 63% of turnover. But it is not possible to achieve this goal without moving resolutely into the accounting area - reporting to autorities can be streamlined with the same tools. We now see a quite clear road to how this - a... Tags: Online banking, PaymentsGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 11/08/2009 | 2954 views

Web squared - what does it mean for banking?

Interesting paper by Tim O'Reilly and John Batelle titled web squared. Starts out by describing how the Web 2.0 "network as a platform" enables applications that get better the more people use them with network effects acquiring users - then learning from them and building on their contributions. Web 2.0 is all about "harnessing collective intell... Tags: Online banking, Retail bankingGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 09/08/2009 | 2826 views

It works in practise - BUT - does it work in theory?

This was the famous statement - allegedly by Chrusjtjov viewing a combined harvester demo at a sovhos. It came to my mind when reading the often so eminent Economist - now the "Modern Economy Theory" July 18th article. Without going into any interesting detail on this or on the rebutting views by Robert Lucas (Aug 6th) I think that we have ample ... Tags: Retail banking, Wholesale banking