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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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Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Deutsche Bank Research report came out with this cost saving figure - referring to research at Hanover University. Is it too much - or not enough? The answer is yes... 1. If you only think about cost savings achieved with dematerialization of paper (30 billion invoices and envelopes on EU level a year..) and saving stamps the estimate looks far t...
22 August 2009 /payments
Retired Member
At the end of July, Banesto, BBVA and Santander reported very positive Q2 results; BBVA described them as “its best ever” and Santander’s UK profits are up by 30%. So, what are they getting right that the UK is getting wrong? It seems to all boil down to their approach to risk & regulation. Following the near crisis of the 1980s the Spanish go...
18 August 2009 /regulation
Stanley Epstein Associate at Citadel Advantage Group
All of a sudden, now that the economies of many countries, not to mention the banking industry, is in tatters, we have dozens of articles and blogs all bemoaning the state of risk management and what we need to do to get everything right again. All of them are pounding away on the same drum; all are documenting how badly everyone has done in managi...
15 August 2009 /regulation
The EC drive to reduce administrative costs by 25% in SMEs by 2012 is surely worth all support - especially as SMEs represent 63% of turnover. But it is not possible to achieve this goal without moving resolutely into the accounting area - reporting to autorities can be streamlined with the same tools. We now see a quite clear road to how this - a...
15 August 2009 /payments
Interesting paper by Tim O'Reilly and John Batelle titled web squared. Starts out by describing how the Web 2.0 "network as a platform" enables applications that get better the more people use them with network effects acquiring users - then learning from them and building on their contributions. Web 2.0 is all about "harnessing co...
11 August 2009 /retail
Making life easier and work more productive for SMEs in EU is a central goal for EU and most member states. More productive SMEs means more productive large enterprises and lower cost for the public sector (equals lower tax pressure and thus again better productivity and competitive position - less inclination towards protectionism). Now there is ...
04 August 2009 /payments
This is an interesting proposition. “Sign up for our Linux card and help a cherished organisation. However, apart for an initial $50 bung, we won’t tell you how much more you will be contributing. Just spend like mad, safe in the knowledge that part of your spend will also be contributed.” How much, then? 1%, 2%? Or will it be something like
03 August 2009 /retail
$40 was pretty steep. I do point out that it could be a good strategy. After all we know that the non-bank competitors are lining up superior services and banks need to try and hang on to their customers. The overdraft issue is one which money transfer and non-banks alone may not easily compete with. They can't offer an overdraft. At a $40 fee they...
Apple Tablet PC is rumored to arrive soon, and will add some oil to the fire with discussions on touchscreen devices and their possible use. The two greatest achievements so far were the successful iPhone plus its ‘hot butter touch’ GUI and Microsoft Surface which was superior on videos, but never really made it to the wide public use. An other in...
31 July 2009
A current question doing the rounds about banks and innovation really got me thinking. Are banks really interested in innovation or are these "innovators" just few and far between? When we speak about innovation it is not only technology. Innovations can come about without any technological advance. There is a distinction between "pr...
29 July 2009 /regulation
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