447 Results
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
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
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
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
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
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
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
Finland celebrates its 100 years of independence this year. Being attacked in 1939 by the Soviet Union was a particularly painful part of the journey. The progress after the war - from an agrarian country with some forest industry - has been good. There are now a fair number of Finnish companies amongst the globally leading in several sectors. No...
09 December 2017 /retail Disruption in Retail Banking
I am a member of the Finnish Council of Regulatory Impact. We are an independent body - but in the Prime Minister’s office. Similar organisations have been established also for example in Germany, the UK and Sweden. Our task is to evaluate how the evaluation of primarily the economic impact of new legislation has been performed. It is of course cle...
04 December 2017 /regulation Financial Services Regulation
Take structured e-invoicing (PDFs are pictures - worse than paper). Steps: 1. Go for a four courner model and choose a standard for all to use. 2. Convince also banks to join with the basic e-invoicing service where any enterprenaur (20m SMEs in EU) can fill in the invoice form and press send. For repeat invoices it means copy+new invoice numb...
21 November 2017 Digital Banking Trends
Borrowed most of this into my post (nbr 350 btw) from a paper by Markus Hautala and Antti Kettunen at Tieto. "... Trust in the digital age is broken. Can you remember the last time you got insurance or bought something from a private person from another EU country to yours? Or when was the last time you signed a contract or gave a power of att...
15 November 2017 Disruption in Retail Banking
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