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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
There has been a re-newed "witch hunt" lately to crack down on "tax evaders". I am not talking about the Cyprus crisis here - that's another can of worms with some interesting twists behind the scene (suffice it to say that some animals turned our to be "more equal" and, as usual, escaped unscathed). I am somewhat surp...
15 April 2013 /payments
Can a solution based on Faster Payments become a viable alternative to the card schemes in the UK?.. I (very much) think so. Faster Payments service is based on the "account to account" system, i.e. it runs on inter-bank rails bypassing the card networks. Hence, it's (almost) cost-free, from the payment perspective. Retail payments - as w...
10 April 2013 /payments
In 1995 the average UK customer of HSBC visited the branch just over twice a month; in 2012 they only popped in just over three times a year. This illuminating statistic came from Brett King in an entertaining presentation today, where he drew parallels with the destruction of high-street book shops, HMV, Blockbuster and the like. In traditional ...
09 April 2013 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Recent posts: Apr 2013 Why us reuse to difficult? 403 views Mar 2013 Cutting admin cost in half - video 1110 23 Feb 2013 Virgin territory 1987 22 Feb 2013 Is SME-sector competitiveness important? 2254 18 Feb 2013 The biggest ever revolution in banking a... 5072 some way to go to beat 2009 posted: 27 Apr 2009 Questions European tax payers should a...
08 April 2013
Most countries have established e-society strategies aiming at ao providing public sector services via the Internet. Progress has generally been fast with general information sharing - but when it comes to private information (health, tax, social benefits, school records etc) - not to talk about signing documents - progress is generally stopped
Paul Love VP Business Development at Konsentus
"Lets shake on it" - A handshake has always been the way to seal a deal. It is a human interaction, based on trust and relies on the honor and integrity of the parties involved. Last week an article in the Telegraph "Cash or card? Soon we'll be paying by handshake" suggested that customers may also be able to "pay by hands...
05 April 2013 /payments
"The hardest thing of all is to find a black cat in a dark room, especially if there is no cat." It was Confucius who described the current problem that the payment industry is facing: there is none. At least, not the one they are solving. It is easy, with all the hype around "mobile", "contactless" and "a trillio...
04 April 2013 /payments
The bio-rhythmical silent haptic alarm goes off on your Sputnik™ smartwatch, gently waking you up during the optimal sleep phase. You glance at the watch to check the outdoor temperature and weather forecast, select the clothes to wear and head to the shower. You press the Action button - the only one on your Sputnik - to switch on your coffee mac...
28 March 2013
Things are rarely black and white in life. There is always that other side of the medal. Take Barclays Pingit, for example: I criticised it for not being secure in the financial industry's sense (as in "secure element"), yet later agreed that - on the issuer's level - their overall approach makes common sense. I recently called Weve an a...
26 March 2013
Few people paid attention to the following interesting fact: the much-rumored iWatch as well as its now-rumored competitor by Samsung are said to have an internal SIM card. Both smartwatches will also have Bluetooth that allows them to be linked to the phone. Let me connect the dots: that's your operator-agnostic dual-SIM solution, if implemented c...
25 March 2013 /payments
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