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

Four Economics

Banks should move up the order-to-payment value chain from payments and down the payment-to-accounting value chain - before invaders move down or up into the payment business. The reasons are fundamental: - better service - better value - new revenues certainly needed when float disappears, interest margins remain low and fee income in commoditized...

19 September 2009 /payments Innovation in Financial Services

High Level Group spot on

EUROPEAN COMMISSION - High Level Group of Independent Stakeholders on Administrative Burdens exerpts from OPINION OF THE HIGH LEVEL GROUP "The VAT Directive explicitly allows the use of electronic means for sending and archiving invoices. The rules however leave too many options to Member States so that national requirements for electronic inv...

18 September 2009 /payments Transaction Banking

Happy Confluence !

As we heard from Stig Korsgaard at SIBOS there a rather unique happy confluence has been arrived at as: 1. The EC Expert Group on e-Invoicing turned to UNCEFACT to get a global e-invoicing standard to use in EU - the obvious targets being to speed up adoption, cost-efficient integration and automation and at the same time further the Single Market...

18 September 2009 /payments Innovation in Financial Services

Monday at 12.15 at SIBOS in Hong Kong

Extended payments - everything is the same presentation at Open Theatre Synopsis: 1. Up the value chain - new value = new revenues for banking sector 2. Four economics 3. Three neutralities 4. Twosided networks 5. One generic messaging platform 6. It is all the same - infinite opportunities

14 September 2009 /payments Innovation in Financial Services

Not unexpected in China

China has shown what can be done when you are determined in many fields - from infra to business to high tech. In EU we need much more levers to get the obvious things happening. Cash is costing merchants some 50 €billion per year - and of course every cent of this is paid by the consumer. Transparent pricing would show it to him -and help him to m...

09 September 2009 /payments Innovation in Financial Services

Rocket stage reached..

Typical e-invoicing transaction trend in Finland: http://boharald.blogspot.com/2009/09/e-invoicing-transactions-taking-off.html The shape of this curve reminds me of the development of e-banking transactions back in the 80s - first you sign up the customers - then you have to wait, and then wait, and wait - and then it takes off like a rocket - vir...

08 September 2009 /payments Innovation in Financial Services

Public-private partnership II - just words?

Another area where public-private partnership at some point may have had challenges is e-invoicing. Some have seen a danger that the PEPPOL-pilot for public sector procurement in EU will lead to the public sector only accepting e-invoices in the UBL-format - at the same time as UNCEFACT/TBG1 is finalizing the user guidelines for Cross Industry Inv...

06 September 2009 /payments Innovation in Financial Services

Public-private partnerships I - just words?

We are seeing a growing realization that there is no public sector - or private sector for that part - from a citizens point of view - only services produced somewhere (even if they are subject to policy making and regulation from the public sector - really important task that should not be disturbed by service production). The all-important thin...

06 September 2009 /retail Innovation in Financial Services

AaaS - what could it be in banking?

AaaS - Advertising as a Service is not a service like Saas (Software as a Service) - it is a mindset whose time has come. Consumers are increasingly aware of the fact that they in fact pay the cost of advertising themselves - and that is one more reason why anything intruding, tasteless, meaningless or expensive may turn them against the message....

03 September 2009 /retail Innovation in Financial Services

Socio-technical landscape

We should be today promoting common-sensical solutions for sense-making business. Are we? Maybe not… at least not often enough. The socio-technical landscape has changed so fast and we are still prisoners of quarterly capitalism (trying to create value for shareholders now staying for an average of 10 months), corporate governance models from the

23 August 2009 /retail Innovation in Financial Services

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