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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
Interesting event occurred last week that highlighted a flaw in the drive towards paperless statements and invoices. So many organisations are now trying to encourage people to stop receiving paper and instead view a statement, or bill, online - even allowing downloading locally. All very laudable, but I discovered a flaw this weekend. We're in the...
06 April 2010 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Where do digital innovations come from? From investing in research? From investing in infrastructure? From investing in education? From investing in enterprises? Or from investing in speeding up adoption of existing digital services? I believe that all are important - but the most important is the adoption of the existing - because a fast adoption ...
01 April 2010 /payments
The EU-commission proposal to simplify and unify - and thus speed up -migration to electronic invoicing – especially for SMEs – has now gained EU-wide support. A key element in the new VAT directive is equal treatment of paper and e-invoices. This developement has been in high demand from enterprises and is naturally especially gratifying for the 3...
If you are a user of a mobile banking service, you can experience the ease of accessing your account balance, last statement, but when it comes to transactions, bill payments, it gets challenging. On the market there are different solutions of the transaction authorisation especially in browser based mobile bankings; - simple PIN (unsecure) - one-...
01 April 2010 /security
Fluid Dynamics has a lesson for Payments Industry. When fluid velocity increases, fluid pressure decreases. This scientific principle - Bernoulli Prinicple - is foundational in Fluid Dynamics which lead to inventions and applications in later phases. Since funds can flow, it is fluid. So Fluid Dynamics principles are equally applicable for Paymen
29 March 2010 /payments /regulation
Listening to people from different parts of Europe, everybody claims that banking went online, and the role of branches significantly decreased. In my example, the last times i visited a branch of my bank was when i opened my account and when i applied for a mortgage loan. For every other reason i use online and mobile banking, and of course ATMs ...
24 March 2010 /retail
Elektronische Rechnungsabwicklung – einfach, effizient, sicher Thorough report for the most important market - with a 54bn€ savings potential according to Deutsche Bank Research. http://www.ecommerce-ostbayern.de/download/ERechnung/teil1/Rahmenbedingungen_und_Marktueberblick.pdf
22 March 2010 /payments
Stanley Epstein Associate at Citadel Advantage Group
So the FSA is going to beef up on its staff in the oversight of the banks. As I see it, this approached is doomed before it even starts. The regulator, whether it is the FSA or any other, cannot match both the expertise and the innovativeness of the staff in the banks. The reason for this is simple. The regulator cannot compete with the banks in t...
19 March 2010
Uri Rivner CEO and Co-Founder at Refine Intelligence
Last week was recovery from RSA Conference, which was awesome. Cybercrime and Cloud were the main two themes, and I provided my Dark Cloud: Cybercriminals get Corporate Aware talk which draws upon both. I’m saying recovery, because during the conference one cannot be expected to respond to any emails, so the backlog is huge. Anyway, I’m back and t...
18 March 2010 /security
“Future of E-Invoicing in Russia” took place in Moscow recently. The following was reported: “· Necessary legal aspects must be prepared for e-Invoicing during the first half of 2010 (Russian government position according to the Ministry of Finance report) · Corresponding amendments (#369555) to the article 169 of the Tax Code have been approved al...
16 March 2010 /payments
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