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Japan for data driven economy

More here https://g20-digital.go.jp/interview/bo_harald/ : Society should see to it that banks do their very central part as data service providers. They have most of the assets.

10 September 2019 Digital Banking Trends

The Time is Now

The data driven economy will lead to both massive productivity improvements and an entirely new level of personalised services. This has been worked on in programs like Real Time Economy (RTE) in Finland (now in REFIT) and GDPR-supported MyData.org globally. RTE was initially aiming at building ecosystems for automation of a wide range of adminis...

30 July 2019 Bigger than Technology

Surveillance capitalism...

I have just started to read Shoshana Zuboff´s much-praised The Age of Surveillance Capitalism. Being a founding member of the Real Time Economy program and MyData.org it will be interesting to learn how she sees the future and how much I will have to lean on my belief that GDPR-like legislation becoming global is the answer to the problems in her ...

19 July 2019 /ai Data Protection Act Issues

Trying to make the all-important narrative clearer..

https://greenstep.fi/artikkelit/the-time-is-now Any good? The time is now - in conversation with Bo Harald Often called the father of Finnish online banking, Bo Harald is someone who would rather talk about the expertise of his team than of himself. Nowadays, the former executive vice president of Nordea is busy working with data-driven economy — a...

05 April 2019 /ai Banking Strategy, Digital and Transformation

Real Time Economy Data, MyData and BigData

We are now moving deeper into the data driven economy so it is necessary to reflect on the journey so far and what we see on the horizon. 1. First the Why. The Real Time Economy program has been focusing on improving competitiveness especially for the SME-sector from the very beginning (2006) for three reasons: 1. About 65% of turnover and employme...

11 March 2019 /ai Innovation in Financial Services

Has anybody calculated the value?

The Finnish Ministry of Finance has set as a target to make Finland the first Real-time Economy in Europe. We are well on the way and now the MyData.org initiative is bringing in new dimensions. The focus for the RTE-program was to cut the cost of SME administrative processes in half and increase productivity also by lowering risks and making finan...

14 January 2019 /ai Contributed Data

Second picture - it is a ladder

14 January 2019 /payments Banking Strategy, Digital and Transformation

Big picture - in two pictures

What a fantastic opportunity for Europe and the UK (if Brexit is forgotten)

14 January 2019 Data Management 101

Action is all

Quoting Tom Peters: "I have learned only three things in forty years. One, he or she who has the best relationships takes home the price. Two, all effective leaders are full-time sales people. And three, he or she who tries the most stuff wins; action beats talk ten times out of ten." This fits very well in with the success stories we ha...

09 January 2019 Electronic invoicing

10 years ago already - it takes time..

Wrote this in 2008: Mr Somebody Else will not do it We know that the best possible thing we can do right now in the area of digitalization and productivity is to get rid of paper based invoicing - move to structured formats (not e-mail). Savings are massive - to say the least, the environment needs it (2,8m tons of CO2 to be eliminated), learning n...

07 January 2019 Electronic invoicing