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

3,5 million accountants in Russia

The ECR e-invoicing conference in Moscow last week was told that out of a population of 141 million 3,5 million work as accountants. This may be explained by the information mentioned that some 12 billion invoices are exchanged every year. This may sound high – but may be explained by use of pro forma invoices. Paper for VAT invoices lead to 1000-...

07 June 2010 /payments Innovation in Financial Services

Which Innovations will drive growth in Payments business?

Very clear message in survey by Equens, IBM and Frauenhofer

26 May 2010 /payments Innovation in Financial Services

Expectation-surge from corporate customers

Equens and a number of partners (Fraunhofer, IBM etc.) do a regular survey on what banks, customers etc. want in payments, innovations etc. The attached chart from the results (published yesterday) is giving the strongest of signals: Just behind the obvious (electronic funds transfer, credit/debit cards) we see as top priority: - cash and liquidit...

20 May 2010 /payments Innovation in Financial Services

Signposts for the road to a networked economy

Two videos (week 18) with signposts on the road to a networked real time economy.

16 May 2010 /payments Innovation in Financial Services

The end of the beginning..

Preface to Final Report “Europe is facing major challenges in the coming years as its enterprises and public sector need to become both significantly more productive and environmentally friendly. These needs are accentuated by the relative decline of population of working age and at the same time the growing demand for human resources in health an...

09 May 2010 /payments Innovation in Financial Services

e-banking STILL growing strongly in Finland

We have been expecting a leveling out in the transaction growth for some time – but 2009 was still a year of strong growth. The fact that 4,9m out ouf 5,5m citizens are signed up can partly be explained by e-bank login codes being used also for public sector. Otherwise one contract per household could be sufficient (joint accounts often used for bi...

04 May 2010 /payments Innovation in Financial Services

e-id and e-payment progress in 2009 - Finland

Bank e-id serve the entire public sector (in several other countries as well) and eliminates the need for expensive and user-un-friendly one-purpose-smart-card solutions (also non-bank customers have the right to get bank-id for this purpose). Also a wide array of strong-authentication needing private sector services and even trade unions contribu...

03 May 2010 /payments Innovation in Financial Services

It all boils down to change resistance

I have the privilage to work with innovation streams in several areas and have lately seen the following elements as pivotal: 1. Do we have the capability to create a strong enough vision for the need for change = innovation? Without Vision – no Enthusiasm – without Enthusiasm - no Innovation. 2. Do we realize that in today’s world you have to eng...

02 May 2010 /payments Innovation in Financial Services

No commercial constellation will create this SM milestone

No commercial constellation will create this Single Market milestone.. Migration to E-invoicing is the the by far most topical step for improving enterprise productivity – especially in face of rapidly declining workforce in EU. “Cutting enterprise administrative cost in half” is the main goal – improving competiveness by offering digital services...

28 April 2010 /payments Innovation in Financial Services

Now we have two legs - where is the body?

Leg number 1 is the VAT directive for equal treatment and other unification. No demands can be put on electronic invoices by tax authorities that is not put on paper invoices. Leg number 2 is the ISO standard for e-invoicing which is built on the Cross Industry Invoice content standard - to be formally approved within the next 3 months. The body – ...