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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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Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Support for implementation of first global ISO-standard is starting to appear - also in Russia. And by SWIFT: http://viewer.zmags.com/publication/f9ecbbbc#/f9ecbbbc/1 It so makes sense for countries that have not yet created dominating local standards to go directly for the global one (we are all heading for it anyway). Why waste time – a lot of t...
10 December 2010 /payments
Nick Jones blogged about cash. We managed to eliminate private cheques in Finland in 1983 by putting a charge (8c) on the cheque forms (picked up or mailed). At the same time there was a big drive for debit cards and this lead to a very positive negative trend for cash already then. Another positive effect was that the debit card could be used for ...
08 December 2010 /payments
Retired Member
So, it’s official, for the first time plastic is more popular than cash. It’s been on the cards for a while - the inexhaustible rise in the use of debit and credit cards to pay for goods and services at the expense of cash. There is no doubt faster payments have helped facilitate this alongside the fact that consumers no longer feel awkward about p...
08 December 2010 /security
The EU-commission asked the Expert Group on e-Invoicing to come up with a standard for Europe – a global one. Now it has been delivered. The global standard has now been published. Much asked for, high quality and capability – should be deployed as soon as possible. More here: https://www.finextra.com/blogs/fullblog.aspx?blogid=4693 and www.i
07 December 2010 /payments
For several weeks now, I’ve watched in amazement as the Bombay Stock Exchange’s benchmark index traded at barely 10% off its highs of January 2008. While India may be an outperformer, that still does not take away from the fact that worldwide, economic recovery has come at a pace few anticipated. Does this mean that we have gone back to where we w...
07 December 2010 /regulation
Tim Tyler Product Manager at Misys
I've been considering how banks can leverage social media sites recently, and was not that surprised when looking further that there is very little 'bank' presence in these areas. Having just read the article on LloydsTSB and the launch of their "create an avatar" contest, I thought I'd jump straight back over to their Facebook page to se...
06 December 2010 /retail
http://ec.europa.eu/enterprise/sectors/ict/files/com712_en.pdf most here: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:52010DC0712:EN:NOT Loud and clear. It all starts with migration away from printing on paper or sending PDFs. Then it is easy to automate accounting, VATprocesses (and collect the missing part) etc. Enjoy the read
02 December 2010 /payments
If we want avoid a clear fall in living standards and financing capability of welfare services in EU - we need better productivity and just collection of lower taxes. The split payment VAT is an ideal model for both purposes. From EU document: "28. The benefits of the model are great, as the tax authority can be sure that it will receive
From EU Green Paper on VAT: "The current collection model brings with it a VAT Gap due to e.g. VAT fraud, insolvencies, mistakes by the taxable persons in the VAT return and VAT avoidance schemes. Desk research shows that the VAT Gap for 2009 can be cautiously estimated at 6,9% of GDP and 12% of total VAT liability in the EU-27. This means ...
Is there a chance that Apple will push the use of iTunes as a payment mechanism beyond its own virtual store (imagine shopping on Amazon and paying using your iTunes account)? Will Google look to launch Google Checkout in the physical world, in the same way as PayPal have announced (by way of VeriFone)? Is there any substance behind the threat t
01 December 2010 /payments /retail
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