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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,

Too civil civil servants

The public sector is increasingly outsourcing service production - and thus giving more space for the sector's management to do much more important work - policy making, driving change, creating rulebooks and so forth. This is for sure a much needed shift in attention and should be welcomed also by business - especially as we all experience the sam...

Bo Harald

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

From division of labour to interactive value creation

Teemu Arina drew my attention to Esko Kilpi's blog and I picked out extensive quotes (emphasis mine) - full post certainly worth reading: "Division of labour reduces organizational effort and cost of work. Division of labour also increases the quality of efforts through specialization. For this reason all societies and all enterprises are hea...

Bo Harald

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

Final report - roadmap to paradigmatic platform

It took some time - 26 full days of meetings and countless telephone conferences to get this report in place. But it was time well spent as the iteration rounds unified the opinions, fully supported the EU VAT directive for equal treatment of paper and e-invoices and above all underlined the fact that EU cannot afford to delay the migration - so ...

Bo Harald

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

Germany: E-Invoicing as part of the coalition contract

Quote from Bruno Koch's newsletter "The newly elected German Government plans to accelerate use of electronic invoices in Germany by removing barriers hindering their adoption. E-Invoicing is to be enabled in a more unbureaucratic manner. The author of this newsletter will keep you informed about future decisions and development." My co

/payments

Retired Member

Retired Member 

Maths to Money - Quantitative Investment

I attended the Quant Invest 2009 event for the first time last week in Paris. The event is all about quantitative investment strategies with an institutional asset manager and hedge fund focus - so not so much about ultra-high frequency trading (although some present) but more about using quantitative techniques to manage investment decisions and ...

/regulation /wholesale

Bo Harald

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

Sonera showing the way in Finland

http://boharald.blogspot.com/2009/12/sonera-showing-way-in-finland.html Charging for paper invoices has been a touchy subject in Finland even if: - all experience shows that transparent pricing (producing "negative carrots..") is the only efficient way to make mass markets move fast - consumers say that they will not change behaviour ju...

/payments

Retired Member

Retired Member 

Investor genetics - not so surprising

There's a new study out that says investor behavior is almost half determined by genetic factors. Twins who were raised apart were compared to twins raised together, in terms of their investing preferences. This suggests to me that personality type preferences, and learning style preferences, which are both rooted in early childhood -- are at work ...

/retail

Nick Ogden

Nick Ogden Chairman at Ogden Research

The PSD is a window of opportunity

2009 has seen tightening up of regulation in the financial markets globally, and the payments environment is no exception. In Europe, the EU has pioneered a number of changes with the introduction of SEPA Direct Debits and the PSD. Whilst much of this red tape has created challenges for banks and institutions the introduction of the PSD this Novem...

/payments

Bo Harald

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

Right direction in Belgium

This rapid action - now in Belgium is a very welcome step in the right direction. Practioners know that structured e-invoicing is so much more secure, that there are no needs to impose mandatory digital signatures and that DG Taxud and member states are moving towards PAN EU equal treatment. The technology neutral approach means that businesses c...

/payments

Bo Harald

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

Final report on e-Invoicing approved

The EC Expert Group on e-Invoicing has approved its Final Report. It will be published in within the next weeks. The work has involved a total of close to 60 experts over nearly two years and has already had a significant effect on the activities both in the market uptake, in the standardization area and in the regulatory simplification and unifi...

/payments

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