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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,

Germany to simplify e-invoicing

The proposal states: “The requirement of authenticity and the integrity of the content will remain as abstract conditions for the sales tax approval of electronic invoices, but the other requirements for electronic invoices will be abandoned. So, there will be no technical requirements anymore that need to be meet by a German company. “As with pape...

/payments

Brett King

Brett King CEO & Founder at Moven

Is Facebook the next threat to the US Dollar?

According to current statistics, Facebook has more than 500 million ACTIVE users, 50% of whom use Facebook everyday, 200 million of these users interact via mobile daily, and around half of the Top sites in the world are integrated with Facebook. PayPal recently announced integration of micropayments into Facebook's platform. Facebook also announ...

/payments

Bo Harald

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

From sending e-invoice to receiving payment in 30 minutes

AT SIBOS we heard Ossi Leikola of Nordea Bank describing how it is already today possible for an e-invoice sender to get his payment in less than 30 minutes after having sent the invoice - the target being to make it much faster. I have to confess that I felt quite proud. This is the new customer value that banks moving into extended payments can ...

/payments

Bo Harald

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

Linking e-invoicing to trade finance

http://www.swift.com/resources/documents/supply_trade_article_casterman_opinion.pdf André Casterman of SWIFT makes a good case for it in the enclosed article.

/payments

Bo Harald

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

Will banks do their part?

For most of us it is self-evident that unstructured invoicing is an anachronistic relic that will soon be history. It is also obvious that the solution to getting the enterprise mass market and consumers onboard is to get the banks to take their responsibility and see the more than evident business case. The arguments are well known: 1. invoicing ...

/payments

Bo Harald

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

Will the European Commission pass the next test?

The first recent test was to find an automatic non-political tool - steering member states away from overspending and overborrowing. The test was passed with flying colors – but was put aside (for a while) by national politics. Let us hope it gets back on track soon. The next test is to do something real – and bold – for the Single Market. Most of...

/payments

Sriram Natarajan

Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional

Wanted: subsidies for electronic payments

Governments across the world provide subsidies for various activities. Most countries provide farm subsidies; education, health and even fuel is subsidised through government largesse. Now, to promote electronic payments, I should think governments should dish out subsidies. Governments can be creative on this one; let's say a country starts issuin...

/payments

Retired Member

Retired Member 

Shock and awe - change is good!

There is the saying that ‘nobody likes change’ and in most cases you can attribute that to the fear of the unknown. Or, it is possible that people may just think that the old ways are better. I was shocked to learn from one of my colleagues that Deutsche Bank is not giving away toy cars at Sibos this year. Children of Sibos attendees across the g...

/sibos /retail

Retired Member

Retired Member 

Social Media is NOT just another Media Channel

I’ve just attended the Sibos Webcast on social media, with the hope to listen some breaking announcement on the utilization of Social Media in the Banking industry. The discussion was a sort of déjà-vu of discussions from 15 years ago about the decision to have or not have a web site. What I haven’t heard during the discussion is that Social Med

/sibos /wholesale

Retired Member

Retired Member 

Rebuilding trust - do we really need to demolish first?

I might not be physically at Sibos, but with social media and the power of the web it doesn’t mean one can’t keep up with the debate, albeit virtually. As I scan through the video recordings on various websites the one that stands out the most for me is Stephen Hester’s (Group CEO, Royal Bank of Scotland) one-on-one interview with Martin Wolf and...

/regulation /sibos

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