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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
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
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
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
SWIFT magazine painting a wider picture. Only a question of time before TSU and e-invoicing services find each others. It is plain to see that a payment guarantee following on approval of an invoice can be extremely valuable both for the seller (can ship and can use invoice for financing) and buyer (gets the delivery faster – and cheaper financing ...
14 March 2010 /payments
Nick Ogden Chairman at Ogden Research
The latest stats on UK fraud from the UK Cards Association provide some interesting food for thought and it is of course excellent to see that UK credit and debit card fraud fell by 28 percent in 2009, compared to the previous year. However, fraud will always move to the weakest area and exponential growth in use of the internet for banking and sho...
11 March 2010 /security /payments
Statistics from the banking sector reveals that 129 000 enterprises were signed up last year. Adding a couple of additional months of brisk selling – and those signed up by a good number of non-bank service providers means that then total is now well north of 150 if not 160 000. This represents almost all actively trading enterprises. So now we ca...
11 March 2010 /payments
The ministry of Employment and the Economy has published an extensive study on cost of administrative burden. Some quotes (my emphasis): "The aim of the study was to chart statutory information obligations based on legislation regulating financial reporting, and to assess the related administrative costs and burden imposed on enterprises. Adm...
04 March 2010 /payments
About a month ago I was invited by an English university to talk to computer science students about the state of cybercrime and online banking fraud. The title of the lecture was “Crash Course: How to Become a Successful Online Fraudster”. The lecture was open to the local community, and when I finished about a dozen students grouped around to ask ...
04 March 2010 /security
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