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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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Retired Member
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
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
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
Since the financial world reeled in shock at that collapse of Lehman Brothers and the subsequent fallout in the World’s financial markets the banking community has been in a mode of self preservation. Rather than lending, which generates one of the age-old assets of the banking world, banks have sought ways to preserve and protect their capital. ...
01 December 2010 /retail /wholesale
Uri Rivner CEO and Co-Founder at Refine Intelligence
I don’t know about you, but I was a bit disappointed with the whole WikiLeaks thingy. I mean, come on. The build up was brilliant: you would have thought we’ll finally have irrefutable evidence that a UFO landed in Roswell, that JFK assassination was indeed a CIA ploy, and that the 1969 moon landing was a NASA concocted hoax. Instead we got a bun...
30 November 2010 /security
February saw The Big Carbon Robbery. I explained about this unorthodox cash out method here; it’s quite simple really. Every EU country has a carbon emission quota; every polluting manufacturer within that country buys carbon emission licenses in a trading platform. These licenses are expensive, and if you just steal the user name and password f...
With information being available at will, the world is one’s oyster. For banks, the democratisation of information represents an opportunity to stay abreast of the world’s latest developments and absorb its best practices more easily. This is also positive from the customers’ point of view. Over the years, cross-industry learning has improved many...
30 November 2010 /retail
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