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

How to be practical - 10 years ago

EQUAL TREATMENT21 November 2008 | 2240 views | 0 Tax authorities took a cautious view towards e-invoicing in the first round. In some countries, even cumbersome extra demands were put on this new practice and cross-border invoicing was made difficult and costly as regulation started to increasingly differ. Then there was a question. Why should ...

24 April 2018 /payments Digital Banking Trends

10 years ago - and still not quite there..

Next step - e-invoicing05 November 2008 | 2575 views | 0 It is evident - paper invoices will disappear from the business to business and business to government sectors and then later in practice also in the business to consumer/government to citizen area. The 5 mega-class reasons are exceptionally powerful and clear to see. Everyone will bene...

21 April 2018 Digital Banking Trends

Protecting costs - NOT consumers - Anno 2008

Had a discussion (in 2008) with a representative of a consumer organization at a conference in Brussels. It did strike me - again - how little interest these organizations have to further cost cutting in enterprises - in this case by moving to e-invoicing. The cost of paper invoicing to the consumer segment in EU can be estimated to over 40bn€ a y...

15 April 2018 /payments Digital Banking Trends

All of it

https://www.mkm.ee/sites/default/files/roadmap_for_real_time_economy_and_mydata_for_europe.pdf

13 April 2018

Questions on the long journey to the Fintech future at large - updated version

Summarizing milestones - my own experience mostly based on Fintech in Finland. (Union Bank of Finland>Merita Bank>MeritaNordbanken>Nordea Bank, Mobey Forum, Visa Advisory board, EU Expert Groups, Real Time Economy Program, Tieto, MyData etc): 1950s - Strong emphasis on payment standardization and four corner models > competition

25 March 2018 Digital Banking Trends

Learn once - use everywhere - huge lever

Economy of Repetition has for long been a huge lever when it comes to speed up adoption of new services. A familiar and often used tool is what customers and citizens at large have the right to expect. We experienced this when actors in both the public and private sectors started to use e-banking login-tool-based e-id services. Now this is omnipres...

13 March 2018 Digital Banking Trends

MyData driven service development - what is it and what does it mean?

For quite some time it has been clear that data is the new oil (not the best term - as oil is consumed while data improves when used) and trust the new currency. The opportunities to improve services and productivity by new levels of AI are immense. But how the next phase should play out concretely and how soon has to many been shrouded in mystery...

28 February 2018 /ai Digital Banking Trends

Do not fall in love with the solution..

Fall in love with the problem. For example: 1. Too low productivity In a global open economy it is obvious that innovations for better productivity (which also mean better service) are needed. The data driven networked economy is opening up new opportunities on an expontial scale. PSD2 has been showing the direction for all sectors. By standardi...

31 January 2018 /ai Digital Banking Trends

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