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More https://www.finextra.com/blogs/fullblog.aspx?blogid=5985

Old figures https://www.finextra.com/blogs/fullblog.aspx?blogid=7817

e-ID service for 3rd parties was first launched in the early 90s in Finland. Now it is handling in practise all strong e-id needed by both the public and private sectors - also for signing contracts - also for work roles. Mobile ID is available both from operators and banks (at least Nordea).

This will surely integrate e-invoicing - to support e-accounting with bank statements. And naturally also reuse bank e-id for public sector services - if not already in place..

Access codes in mobile: https://www.nordea.fi/Personal%2bcustomers/760004.html

I do hope that there is an deep enough understanding of how the payment infrastructure should be developed so that it enables full value chain (especially down) real time automation - for SMEs and consumers alike. Media busies itself with mobile cosmetics (new x-interoperability in infras and ecosystems may be difficult to grasp) - thus there is a risk that politicians are highjacked into something with much smaller - if any - real impact.

One would hope that enough of this goes for payment services 3.0 - not that much is needed when 3rd party cloud services are much to prefer.

One would hope that enough of this goes for payment services 3.0 - not that much is needed when 3rd party cloud services are much to prefer.

To me it is clear that good payment services open doors to deposit business and from there to loans. If you want to have more deposits - natural funding - you need to offer more value (up- and down the value chain from payments). If you do not - you risk to lose shares both to market entrants (and then it is too late to react) and to banks who have realised that the networked and cloud service environment opens up new opportunities.

Thank you Charmaine. The good thing with extended payment services like e-invoicing - and data extraction services built on it (for VAT-reporting, automated accounting and cash flow estimates) - is that there is very little need (hardly any) to integrate these into legacy environments. This also means that these can easily be delivered as white label cloud services from external sources (cheaper, better,  in-cloud innovative and global connectivity ready). This also means that legacy renewal is not disturbed - single-sign-on link in e-bank e-invoicing is not a big deal. 

Why banks do not rush into this is difficult to understand - it is high time to defend the all-important payment business - and that is not possible without a full value chain approach.