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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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The bio-rhythmical silent haptic alarm goes off on your Sputnik™ smartwatch, gently waking you up during the optimal sleep phase. You glance at the watch to check the outdoor temperature and weather forecast, select the clothes to wear and head to the shower. You press the Action button - the only one on your Sputnik - to switch on your coffee mac...
28 March 2013
Things are rarely black and white in life. There is always that other side of the medal. Take Barclays Pingit, for example: I criticised it for not being secure in the financial industry's sense (as in "secure element"), yet later agreed that - on the issuer's level - their overall approach makes common sense. I recently called Weve an a...
26 March 2013
Few people paid attention to the following interesting fact: the much-rumored iWatch as well as its now-rumored competitor by Samsung are said to have an internal SIM card. Both smartwatches will also have Bluetooth that allows them to be linked to the phone. Let me connect the dots: that's your operator-agnostic dual-SIM solution, if implemented c...
25 March 2013 /payments
Today, three CEOs of the UK top mobile operators shared their view on Weve. Let's get it straight from the horse's mouth. The use of smartphones to "shop with and buy everyday items instead of credit and debit cards" was singled out as a major opportunity for brands. The operators were referring to consumer brands there, yet the only bran...
21 March 2013 /payments
Bankers in Asia are preparing for increased intra-regional trade with the proposed creation and integration of the ASEAN Economic Community by 2015. This integration will bring better banking infrastructure for regional trade, especially in the payments area. Asian corporates are looking to grow their offerings and markets beyond local borders, an...
20 March 2013 /wholesale
Four months ago, one of my "educated guesses" for 2013 was the rise of BLE (something which I was writing about since mid-2012). I can tick that one off now - thank you, Microsoft. I also predicted the rise of embedded secure element. Tick - thank you, Samsung. Two next predictions of mine to hatch soon: NFC on iPhone (including SIM-bas...
20 March 2013 /payments
The proposed tax on bank deposits in Cyprus in return for a 10 billion euro bailout from the IMF and European Union strikes at the heart of the most precious asset in retail banking: depositor confidence. In previous bailouts the beneficiary country has had to contribute in some form, and this one is no exception. The problem is a lack of suitable...
19 March 2013 /payments
Mobile Payments are an increasingly important element of the payments ‘ecosystem’. This is a brief guide on the current options available and their associated benefits and issues. To apply some context here – the Use-Case discussed is a consumer using their mobile device to pay a merchant for goods or services. The focus here is on the issu
19 March 2013
Recently, Dave Birch confirmed what I learnt the hard way at the beginning of the TEDIPAY journey: consumers are wrong. That was why three years ago we decided to follow Steve Job's advice who famously said that "it isn’t the consumers’ job to know what they want." It seems that more and more companies have started to realize that &quo...
13 March 2013 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://youtu.be/Kb3q2viAbbk Great vision. Decent preacher. If you do not know where you are going, any road will do. Or even worse - nobody is going anywhere.
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