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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 Trust Infra for Real Time Economy Prgrm & MyData,
Proposal to the EWC consortium (the large scale EU pilot led by Sweden and Finland). As: 1. EWC is focusing on the all-important organisation wallet (general purpose and interoperable for states, municipalities, enterprises and 3rd sector organisations). 2. All credential exchange (credentials also needed for exchange of mass data in Data spaces,...
18 June 2024 /regulation /identity
- no one will be interested in that online bank (early 1980s > half a million customers were using it in Finland when Internet came) - one-time passwords are far too difficult to use (served well until replaced mostly by face) - the identification service does not belong to banks (it has been heard from the times of Venice). Adopted first for i
13 June 2024 /retail /identity
The planned MyData conference in Helsinki in May/June 2025 should carry the name Credential Fest. There first of all central and local governments should be given the opportunity to list all credentials they issue to already now already citizen and organisation wallets. Followed by lists of forthcoming ones and how they themselves use organisation...
11 June 2024 /retail /identity
Picture included in my Linkedin post (used to manage them here in the past) https://www.linkedin.com/posts/bo-harald-4768b51_dangerous-death-walley-one-might-of-course-activity-7192066826363625473-MfwU?utm_source=share&utm_medium=member_desktop Dangerous death walley... One might of course ask why the private sector is not yet crying out for...
08 May 2024 /retail /identity
Retired Member
It’s not news that private equity firms act as technology strategists and guides to foster synergies between the companies in their portfolio. In 2024, their focus is on AI-enabled synergies within the portfolio. In this article, Drake Paulson, VP of Client Experience and Partnerships at Anduin Transactions, analyzes how the initiatives of synergi...
15 April 2024 /startups /markets
Parth Prafulbhai Sonara Product Manager at BlackRock
It is predicted that by 2025, ISO 20022 will handle 80% of transaction volumes and 87% of transaction value globally. In Europe, the adoption deadline was extended to November 2022. ISO stated that the new standard will provide improved efficiency in payment processing and enhanced data automation capabilities on an international scale. One signif...
26 March 2024 /payments /wholesale
Nameer Khan Founder and CEO at Fils
Every year, March 22nd marks a somewhat solemn reflection on the state of the world’s water security. The bedrock of all known life, water is a fundamental need for all communities, depicted throughout literature as a unifying symbol of life and renewal. However, this year’s International Water Day warns against a not so far future in which water i...
21 March 2024 /payments /sustainable
Richard White Head of Trade Finance at Commercial Banking Applications (CBA)
A continued push for digitisation, transparency and automation in trade finance prompts the question about the impact a migration of Swift messaging from MT to an ISO 20022 standard (MX) would have on global trade finance operations. As the payments and cash management industry has already been finding out, there are benefits, challenges and costs ...
18 March 2024 /regulation /wholesale
John Bertrand MD at Tec 8 Limited
At UK first Global Fraud Summit, HM Treasury plans to introduce legislation, only to apply to suspicious Authorised Push Payments executed within the UK in sterling. The proposed statutory instrument amends the Payment Services Regulations 2017 and allows PSPs to delay the execution of an outbound payment transaction by up to four business days fr...
15 March 2024 /payments /regulation
So where are we going? Do we realize that we nead leaps in productivty, in service capability, in security, in privacy, in Single Market progress and in serious lowering of costs in the public sectors? Then all countries and EU should make the strongest possible public-private efforts to get the Trust Infrastructure in place - supported by global...
13 March 2024 /retail /identity
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