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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,

Real Time Economy presentation

http://streams.metropolia.fi/old/MultimediaTech2010/bo_harald_1/

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Retired Member

Retired Member 

Next: Algorithmic Banking?

Algorithmic trading has made the headlines, most often negatively. The underlying idea is that computers can make, on a broader scale, better decisions than a trader. On the other hand, criticism is rising to curb a practice that some consider contrary to the benefits of the market. But, on a different scale, algorithmic based decisions could be a...

/retail

Brett King

Brett King CEO & Founder at Moven

The Curse of the Innovator

Recently we've been discussing at many organizations what it takes to get innovation done in large businesses with embedded behavior and practices. One side of the coin is obviously the impact of Disruptive Technology, but the other is purely the issue of Innovation Management or creating an organization that embraces or assists innovation. In a re...

/retail

Retired Member

Retired Member 

Banks: Engage or Die!

The UK banking and financial service sector is currently undergoing a period of reinvention (whether it realises it or not). There are several reasons for this: Firstly, the rise of social media has provided customers with a means by which they can voice their needs and also connect with their fellow customers, for example, online communities such...

/payments /retail

Retired Member

Retired Member 

Co-opetition, the Common Sense of Competition

There’s a fascinating term in marine biology to describe the service that ‘cleaner fishes’ provide to other fish, including their natural predators, of removing dead skin and surface parasites; it’s called mutualism – food in exchange for a scrub. When cleaning is underway, a wary truce is called between the cleaner and host species. In the terres...

/sibos /retail

Retired Member

Retired Member 

Market penetration of e-invoicing in Europe

European market growth for electronic and automated processes is strong and sustainable. Organizations in the public and private sector are keen to reduce costs and to improve their Cash Management. Combined with the rich solution offering, these benefits are sure to result in further strong market growth for electronic invoicing and related topic...

Brett King

Brett King CEO & Founder at Moven

Private Banking 2.0

Since the emergence of online banking there has been a fundamental assertion from high-net-worth bankers that their clients aren't digitally focused, they don't use social media or mobile banking, and that they prefer to pick up the phone and engage their banker because the nature of their interactions is defined by their wealth - they want the hi...

/retail

Retired Member

Retired Member 

Swedish use of electronic invoices hits new records

Growing numbers are said to allow for environmentally-friendly payments using e-invoices The Swedish Bankers Association reported that the use of electronic invoices has hit new records. Compared to 2009, in 2010 the number of e-invoices sent to private people increased by 34 percent. Today, one in three people accepts e-invoices. The winner is t...

Bo Harald

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

Consumer e-invoicing 2004-10 in Sweden

Negative carrots have helped a lot: Noteworthy: - growth 11,9m - 14% of payments in Internet banks now e-invoice initiated - 34% of e-bank customers receive e-invoices

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Bo Harald

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

In praise of negative carrots..

TeliaSonera (the leading Nordic telco) announced this week in Finland that they will increase the charge for sending paper invoices to corporate customers from 5 to 10€. Consumers are charged 1,90. This clear policy is for sure to be applauded – good for all parties (and big time for society at large) – for the following reasons: 1. The cost saving...

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