Join the Community

23,921
Expert opinions
40,631
Total members
375
New members (last 30 days)
203
New opinions (last 30 days)
29,256
Total comments

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

No scanning please

When Denmark legislated against paper invoicing in the public sector (including municipalities) back in 2005 service providers (including banks) where not ready with easy solutions for the SMEs. The solution was that enterprises where told to go to the local post office to have invoices scanned. The state paid the cost. Many enterprises (worldwide...

/payments

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

The biggest of them all

We read that PayPal is moving into e-invoicing. Natural step for anyone who wants to stay in the payments business = keep the funding and profitability transaction accounts offer. Some banks have not yet seen the need to make the choice - keep the profitable and stable funding intact or not. In the same news we also read: "Separately, the US ...

/payments

Brett King

Brett King CEO & Founder at Moven

The Total Disruption of Retail Banking - Part 3

Massive spend on innovation at the front-end of retail financial services Putting aside conjecture of whether or not we are in a bubble at the moment around tech, social media, and mobile services (which I believe we very well could be), the reality is we are seeing a flurry of massive investment in new distribution models and organizations actin...

Retired Member

Retired Member 

Promoting Financial Access through Mobile Banking

Banks in United States are in an exciting technological time: The eruption of mobile as a platform for payments and its transformation into a new place of banking services in their customer's hands. But, what is happening outside of the United States? There is still a large population in Latin America, which doesn't have access to financial product...

Retired Member

Retired Member 

What centralisation and streamlining mean for core systems

What centralisation and streamlining mean for core systems Stuart Gulliver sounded a war cry. Substantial improvements in cost-to-income ratios will be achieved at HSBC through a series of measures including streamlining and centralisation. Every UK retail bank must follow suit in order to compete, but what does this really mean for core systems a...

/retail

Brett King

Brett King CEO & Founder at Moven

The Total Disruption of Retail Banking - Part 2

Rapid Acceleration of Technology Adoption makes change easier The rate of diffusion is the speed at which a new idea spreads from one consumer to the next. Adoption is similar to diffusion except that it also deals with the psychological processes an individual goes through, rather than an aggregate market process. Since the late 1800s the rates o...

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Why is innovation so difficult in banks

I attended a very good innovation meeting last week and there one senior banker said that innovations in banks are so difficult because there is an obsession with business cases. No innovation investment is allowed to fail (is this attitude imported from credit risk evaluation?) and the endless business case argumentation actually puts innovative ...

/payments

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

CUT 50

CUT 50 is the name of the next phase in the Real Time Economy program run in Finland since 2006. It stands for cutting SME administrative costs in half by 2014-15. The main building blocks are the following: 1. Implement the European Commission target to cut read tape so that 25% of the cost of this public sector related administrative burden can b...

/payments

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

The good thing with standards.

https://www.ebaportal.eu/_Download/What's%20News/2011/ISO20022_Financial_Invoice_Factsheet.pdf The good thing with standards is - as many say - that there are so many of them. When it comes to e-invoicing we now have one which is global, highly capable, ready for use and open to all (in no way dominated by for example the banking sector - even if ...

/payments

Brett King

Brett King CEO & Founder at Moven

Mobile Payments can be much more than P2P and NFC...

Today I’ve been in Beetsterzwaag, Opsterland, Netherlands, about 150 kilometers from Amsterdam at an offsite strategic retreat with the ICS (International Card Services) team. Initially part of Bank of America’s presence in the Netherlands, ICS today is an independent subsidiary of ABN Amro NV, but works in the provision of a range of card service...

/payments

Now Hiring