Community
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
As the owner, you will also give up ownership if you leave this group.
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Cash is as we know expensive, risky, unhygenic, environment-unfriendly and an open invitation to crime, fraud, black and grey economy. Cash handling costs merchants in EU 50 billion a year. Are the consumers and consumer organizations aware of them paying every cent of this largely unnecessary cost? Great progress in Finland in 2011. One seventh d...
08 May 2012 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
I found the recent study by University of California, Berkley (UCB) on Mobile Payments: Consumer Benefits and New Privacy Concerns an interesting read (see news report here). It found that an overwhelming 96% of customers surveyed opposed the idea of handing out personal details to retailers when they buy goods using a mobile phone. Whilst retailer...
08 May 2012 /security /payments
Strong e-id is often needed when logging in also to non-banking services. Reusing bank e-id also there - especially in the public sector - is something of the most sensemaking aspects of also otherwise much needed public-private co-operation. 2011 was a great year for bank e-id (TUPAS) - the alternative (a state issued smartcard) is not used at al...
This is the way to get e-invoicing penetration figures up fast. Return paper and e-mailed PDFs to senders. in the words of Elvis http://dmyoutube.com/watch?v=Z54-QHEZN6E.
Noteworthy: - more contracts than citizens in Finland - due to multibank relationships - interesting as e-banking typically carries a monthly fee (some 2€) - but has discounts and is free for young customers (up to 26 typically) - slowing transaction growth may reflect both slower economic growth and above all rapidly growing use of e-invoicing - t...
Noteworthy: - banks have tremendous selling power - over 200 000 enterprises signed up - about 87% of active enterprises - excellent and improving volume growth (even if Norway and Sweden are ahead in the consumer sector - as invoice senders are not discouraged to charge visibly for having to send paper there) - on EU-level this would mean some 1,8...
Brett King CEO & Founder at Moven
I guess with a title like 'Branch Today, Gone Tomorrow' it's no surprise that a lot of people think I'm anti-branch. I'm not anti-branch, I just don't drink from the branch kool-aid fountain that goes something like "if only we could find the right formula we'd reverse this trend of not visiting the branch and customers would flock back to ou...
04 May 2012 /retail
Martin Bailey Technology Product Director at Temenos
I have recently returned from the IBM Impact conference in Las Vegas. During the scant free time I had available, I took some time out to visit the local Apple store. As in all such stores, you are surrounded by loveliness, and I found myself coveting a shiny new Macbook Air. I blame my wife, because just before I left for Las Vegas, she asked me ...
03 May 2012 /security
Delivered at the Multi Stakeholder Forum: "The European Parliament welcomes the e-Invoicing Initiative and the substantial benefits that it could trigger: shorter payment periods, fewer errors, better collection of VAT, reduced printing and postage costs and business integrated processing. The European Parliament supported from the very beginn...
03 May 2012 /payments
Retired Member
Apps are fast becoming the emperor’s new clothes of the financial services world – businesses feel the need to have one and few people seem willing to stand up and tell them the truth. A recent article listed the most valuable apps for advisers, however the list contained only a few really “useful” apps and indeed many had very simple functions and...
02 May 2012
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