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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,

Is all data MyData? reposted

Is all data MyData?21 December 2018211 All data is somebody's data. Not really owned - but somebody is having the often exclusive right to use it. Sometimes alone, sometimes together, sometimes the right to alter and delete it, sometimes no right to change or delete it. What will happen next - when GDPR is a? strong foundation and MyData.org - the...

/people /identity

Retired Member

Retired Member 

A greener cloud: the importance of sustainable technologies

The ever-present risks from climate change have made sustainability a key topic for financial institutions. Companies have historically driven financial, security, and agility benefits through the cloud, but there is also clear ESG benefits to taking a cloud-first approach. During a recent panel discussion with colleagues, and with Microsoft’s EME...

/sustainable /inclusion

Bo Harald

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

Open letter to the EU Commission

In these dark days of brutal military aggression, it is important to find time to also look forward and discover new ways to make Europe more competitive and secure. The next phase of digitalization – the trusted data infrastructure based on Self-Sovereign Identity and MyData principles - is now an opportunity on an unprecedented scale. The impa...

/retail /identity

Steven Rackham

Steven Rackham CTO for Financial Services at NetApp

From open banking to open finance: what’s next for innovation in financial services?

Open banking has been a game-changer for financial services. It has enabled financial institutions and third-party providers (TPPs) to exchange data and services – not only enhancing existing capabilities but delivering improved experiences to market with access to transaction data. Take a mortgage application, for example. With open banking, cu...

/inclusion /predictions

Bo Harald

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

This picture should wake up everyone

eIDAS2 is a fundamental step forward. It is building on MyData principles and the legal right for EUcitizens to get their data into practical use. One of the key elements is the no-need-for-technical-integration depicted below. Still there may be some countries that see the wallets only an identification tools - instead of builders of identity for ...

/payments /identity

Retired Member

Retired Member 

The Big Ideas 2022 in Financial Services

The Financial Services Industry has gone through a rapid and significant digital transformation journey in the financial year 2020-21 viz. Digital Adoption, Cognitive Automation, Conversational Servicing, Video KYC, and open banking etc. The need for digital technologies is gaining momentum in the financial services industry and innovation is goin...

/retail /predictions

Dmitry Dolgorukov

Dmitry Dolgorukov CEO at GiniMachine

Future Of Finance: What FinTech Evolvers Can Teach Us

What do Blockbuster, Vine, and Compaq have in common? The answer lies at the heart of every business decision ever made—the need to evolve and stay relevant or cease to exist. Some years ago, one savvy business person said it best, “What’s most dangerous in business is to not evolve.” Today, that same person has a net worth of over $200 billion US...

/predictions

Bo Harald

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

You need ladders to get to next level

First about the ladders & platform metafora. Ladders have steps - new services that make it possible and interesting to take the next step. The rails can be made strong by using materials like trust, habit, generic tools, convenience for builders and users, productivity improvements, security, legislation, economy of scale, economy of scope et...

/retail /identity

Tatsiana Kuchminskaya

Tatsiana Kuchminskaya Chief Financial Officer (CFO) at Andersen

RPA in Insurance: Why Automation Is Inevitable and How to Introduce It

Robotic process automation - or RPA - reduces time spent on routine tasks, helping employees be more productive. Why insurance needs automation Automation of business processes means the use of software robots to automate routine tasks. Any repetitive processes are prime candidates for automation. Insurance companies regularly do a huge amount of...

/wealth /markets

Volodymyr Kuiantsev

Volodymyr Kuiantsev Co-founder at AKURATECO

MVP of the white label payment gateway: nice to have and must have features

So, you’ve decided to build your own payment platform. It doesn’t seem too difficult. After all, the market is packed with payment service providers who once tried building it and are now boasting of their top-of-the-industry payment systems. However, even though you might think that the process isn’t that difficult, as you step on this path and ge...

/payments /startups

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