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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.

Rik Coeckelbergs

Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene

When Will Payments Innovations Become too Hard to Follow?

This is a question I am thinking of for some period now. Innovation in payments is made for the customer... most at least! But it is all going so fast, that I wonder how long the Industry will be able to make profits out of it. Of course, as in many topics I am just a newbie asking himself some dull questions from time to time. But last week Chris ...

/payments /retail

Bo Harald

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

Equal treatment will make e-invoicing easier

COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax as regards the rules on invoicing Snippets – emphasis mine: “(8) Since the use of electronic invoicing can help businesses to reduce costs and be more competitive, current VAT requirements on electronic invoicing should be revised to remove existing burdens an...

/payments

Bo Harald

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

B2b e-invoicing transactions growing fast

This case (e-invoices received by SMEs) represents quite well the market trend in Finland. The trend on the e-invoices-sent-by-SMEs has been steeper and the volumes much higher as so many invoice receivers (state sector, most big cities, most large enterprises) have set deadlines for accepting paper or e-mail invoices. Structured data should for a...

/payments

Bo Harald

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

Sweden, Denmark,USA,Finland..

Leaders in the Economist digital economy ranking. The survey appears to be very thorough - but I would put more weight on productivity improving innovations starting from the highest and massive volumes - invoices, payments, card transactions, accounting automation, e-banking etc. Also try to measure public-private partnerships aiming at economy o...

/payments

Brett King

Brett King CEO & Founder at Moven

Branch Networks: Where do we go from here - Part 2

In my recent blog on branches I got some reader feedback that leads me to believe that some have interpreted my positive slant on the effectiveness of direct channels as evidence that I am 'against' branches. This is not the case. However, I do think that branch networks are currently in a precarious situation and bank's might find themselves sadd...

/retail

Retired Member

Retired Member 

Strategy No. 4: Agility for the long running bank.

It’s simple. Winning a race means “getting there first”. The same rule applies to banking, with a small corollary, which is that the most agile (and not necessarily the fastest) usually wins. Is there a difference? You bet! Agility is not pure speed; nimbleness and flexibility play a large part in it. Agility is more “how far” than “how fast”. An ...

/retail

Brett King

Brett King CEO & Founder at Moven

Branch Networks: Where do we go from here?

I’ve spent the better part of the last three months meeting and talking to some of the best and brightest bankers in Australia, Asia, UK and the USA and what I’ve learned is fairly predictable, and just a little disappointing. Direct banking (mostly Internet and Mobile) is going off everywhere I go, but most banks are still saddled with an unhealt...

/retail

Bo Harald

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

The future of VAT - automatic and real time

http://boharald.blogspot.com/2010/06/future-of-vat-automatically-real-time.html We all know that today’s VAT reporting and payment process is mildly speaking cumbersome and expensive for 24 million enterprises in EU – eating into their global competitiveness. We also know that it is a very costly operation for the tax authorities (waste of tax pay...

/payments

Bo Harald

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

How to fight online card fraud - so obvious

http://boharald.blogspot.com/2010/06/how-to-solve-online-card-fraud.html Excellent YouTube presentation by Douwe Lycklama of Innopay.

John Cant

John Cant Managing Director at MPI Europe Ltd

The Writing is Not on the Wall, digital signage in finance

I have a bit of a soft spot for technology. So I was interested to find out more recently about some of the smart technology that is behind the eye catching video advertising screens that are popping up around train stations and our department stores. Under the catchy umbrella term of digital signage, these screens are becoming increasingly sophi

/retail

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