Latest opinions that Bo Harald has shared on Finextra

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Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

Member since

04 Nov 2008

Location

Helsinki Region

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Bo's opinions

Finland 100 years

Finland celebrates its 100 years of independence this year. Being attacked in 1939 by the Soviet Union was a particularly painful part of the journey. The progress after the war - from an agrarian country with some forest industry - has been good. There are now a fair number of Finnish companies amongst the globally leading in several sectors. No...

09 December 2017 /retail Disruption in Retail Banking

Impact evaluation - much to do

I am a member of the Finnish Council of Regulatory Impact. We are an independent body - but in the Prime Minister’s office. Similar organisations have been established also for example in Germany, the UK and Sweden. Our task is to evaluate how the evaluation of primarily the economic impact of new legislation has been performed. It is of course cle...

04 December 2017 /regulation Financial Services Regulation

Make it possible, make it mandatory and then move to the next

Take structured e-invoicing (PDFs are pictures - worse than paper). Steps: 1. Go for a four courner model and choose a standard for all to use. 2. Convince also banks to join with the basic e-invoicing service where any enterprenaur (20m SMEs in EU) can fill in the invoice form and press send. For repeat invoices it means copy+new invoice numb...

21 November 2017 Digital Banking Trends

Human-centred approach to data leads the way to a smarter digital age

Borrowed most of this into my post (nbr 350 btw) from a paper by Markus Hautala and Antti Kettunen at Tieto. "... Trust in the digital age is broken. Can you remember the last time you got insurance or bought something from a private person from another EU country to yours? Or when was the last time you signed a contract or gave a power of att...

15 November 2017 Disruption in Retail Banking

Pretty ok Real Time Economy overwiev

https://www.dropbox.com/s/8ikan8rh1h2h9v1/Bo%20Harald.mp4?dl=0

14 November 2017 Disruption in Retail Banking

Pure lack of knowledge, marketing gimmicks, silly hysteria or hate speech ?

I have been following with consternation media and ”analyst” statements around the future of banks in face of block chain and PSD2. It is easy to agree that new technology and the data driven economy calls for big changes and that many banks have dangerously overslept. But the opportunities to serve customers better and save costs are so substanti...

08 November 2017 Digital Banking Trends

Banks are the enablers for mass market e-invocing

Finland as an example (2016 figs): - all SMEs use e-/mobile banking and e-invoicing is a standard feature as out of some 250k enterprises 217k have signed up for sending and 234 for receiving structured e-invoices (PDF has never been classified as e-invoice) - consumers have 6,23 million e-/mobile banking contracts (population 5,5 m so some are pay...

14 September 2017 /payments Electronic invoicing

e-banking 3.0

Includes e-id service (confirming identity is an ancient bank service..), e-signing (for loans, other bank contracts, 3rd party contracts), e-invoicing (sending and receiving - private and corporate), e-receipts, e-salary and many more. Stopping at an imagined border for what is banking service does not provide the value and overall cost efficienc...

10 July 2017 Digital Banking Trends

Demise of cash

Bank of Finland report - ATMs (branch share very small): 2014: 145,1 million times 2015: 136,9 2016: 123,4 Billion € 2014: 14,4 2015: 13,9 2016: 12,9 Old expensive habit exiting.

05 July 2017 Digital Banking Trends

Bank e-id service rules the waves

Bank of Finland statistics out. e-id service figures show huge growth: 2014: 56,23 million times 2015: 69,35 2016: 84,70 Reusing ready habit, ready infra and integrating it into a rapidly growing number of services leads to growing growth. Small wonder that banks have signed up 5000 private and public organizations needing strong e-id from their cu...

04 July 2017 /retail Digital Banking Trends

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