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

Clear e-invoicing message from the European Parliament

Delivered at the Multi Stakeholder Forum: "The European Parliament welcomes the e-Invoicing Initiative and the substantial benefits that it could trigger: shorter payment periods, fewer errors, better collection of VAT, reduced printing and postage costs and business integrated processing. The European Parliament supported from the very beginn...

03 May 2012 /payments Innovation in Financial Services

Time for the obvious - good-for-society-at-large decisions

I have often been asked lately how the e-invoice penetration in a country can be raised fast. This urge to speed up migration is increasingly driven by the need to cut costs and improve productivity – but also more by the need to get tax revenues lost in the grey economy. It has been realized that mandatory digital signatures was a mistake and now ...

01 May 2012 /payments Innovation in Financial Services

Norway joining the elite

Norway: “The transition to electronic invoicing is a major milestone on the path to complete digitisation of invoice management by the Norwegian public sector. By 1 July this year, almost half a million Norwegian companies will have to start sending their invoices to the State in electronic rather than paper form” What is needed is a sufficient nu...

10 April 2012 /payments Innovation in Financial Services

Pillars of banking

The first and main pillar of banking is trust. It can be built and maintained by sticking to moderate risk taking – both in lending and recommending invest “products” – reputation building. Trust improves customer retention – even when new entrants try to enter markets with often overly aggressive pricing. Customer retention improves the stabil...

08 April 2012 /payments Innovation in Financial Services

Innovation leaps and bounds in banking

E-banking is one of the biggest innovations in banking - worth reflecting on from time to time. So what was our WHY when we launched corporate e-banking in 1979? Mostly a question of speeding up payments and cutting costs by letting large enterprises have similar terminals in their offices as bank employees used in the back offices. In 1982 when e-...

22 February 2012 /payments Innovation in Financial Services

EU pushing e-invoicing forward

Important communication. “Europolitics also reports that ministers discussed the widespread adoption of e-invoicing, with all in attendance backing the European Commission publication 'e-Invoicing: Reaping the benefits of electronic invoicing for Europe', which outlines a blueprint for introducing cross-border e-invoicing” http://bx.businessweek.c...

14 February 2012 /payments Innovation in Financial Services

A PDF is not an electronic invoice

It has to be structured data (and as soon as possible in the ISO2022 format) as seen here: http://eeiplatform.com/7314/pdf-invoices-creating-more-paperwork-than-it-saves-research/?utm_source=E-invoicing+Platform&utm_campaign=4640aa2e5c-E-invoicing+Platform+-+Newsletter+wk+07&utm_medium=email to get the productivity ...

14 February 2012 /payments Innovation in Financial Services

So much data - so much value

Extracting value for customers based on this data will obviously be of increasing importance also in payments - especially extended payments. The first step is to see to it that data is sent and kept in structured form - with global high quality standards - the ISO20022 family is handling most of it already

11 February 2012 /payments Innovation in Financial Services

The importance of WHY

Saturday, February 11, 2012The importance of WHY Many of you have surely seen this presentation by Simon Sinek http://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action.html. He very eloquently – with to help of three circles outlines how important it is - not to start with the What (what is being offered – the outer circle) or with

11 February 2012 /payments Innovation in Financial Services

The United States of Europe

When now the market and media hystery around the Euro is fading away it is getting clear that half-pregnant is not a happy state. More integration is needed to reach the splendid potential of a true single market - the largest in the world - is needed. It is now very clear that no national politicians are allowed to borrow money (in the citizens' ...

29 January 2012 /payments Innovation in Financial Services

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