Community
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
As the owner, you will also give up ownership if you leave this group.
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The State Treasury sent out letters to 16 000 suppliers to the public sector last week to remind them of the fact that only electronic invoices will be accepted as of 1.1.2010. The deadline for paper and unstructured PDF was announced already in the beginning of 2009 - and hinted to much earlier - so there has been time to take widely available low...
20 December 2009 /payments
We often hear the tragic tale about the SME-sector. Nobody is really interested in them and is competing for their business. Not the banks, not insurance companies, not the accounting profession, not telecom and so forth. The answer is simple - as they are so small they have small volumes = low transaction, financing, insurable and wealth volumes =...
20 December 2009 /payments /retail
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...
13 December 2009
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...
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 ...
10 December 2009
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
08 December 2009 /payments
Retired Member
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 ...
05 December 2009 /regulation /wholesale
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...
03 December 2009 /payments
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 ...
02 December 2009 /retail
Nick Ogden Chairman at Ogden Research
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...
26 November 2009 /payments
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