447 Results
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Innovations happen only when the next individual changes her/his behavior to the new. In the IoT-world it is of course easier to make things move to automated e-interaction - but we still need to keep nudging - even pushing citizens into better solutions. In the past I was occasionally frustrated by the too large groups of stubborn "We will ne...
25 April 2016 Innovation in Financial Services
Wrote most of this in 2009..some adjustments made. Are we doing the right things in the right order? 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 model...
15 April 2016 /retail Innovation in Financial Services
Posted this in 2012 - most aspects still valid - in a frantic world: The first and main pillar of banking is trust. It can be built and maintained by sticking to moderate risk taking – both in lending and recommending invest “products” – reputation building. Trust improves customer retention – even when new entrants try to enter markets with of...
10 April 2016 Innovation in Financial Services
The Deutsche Bank CEO stated that cash will disappear during the next 10 years. Why does it have to have to take so long? Take the opportunity to repost this from 2008: "EU published some figures on cost of handling cash - 50bn per year - and the consumer pays every cent of it - without knowing how much we would all save by keeping money in d...
24 January 2016 /payments Innovation in Financial Services
We all remember how delighted we were when the newborn Google was praised as a "database of intentions" which it of course was and is - on a scale that we could not imagine then. With Facebook now having 510 million visits a day! by 1,5 bn signed up, Whats Up at 0,9bn, Instagram at 0,4bn, Twitter at 0,3bn and any number of Tripadvisors a...
23 January 2016 Electronic invoicing
E-id as a bank service has been in place for soon 20-years in Finland and it serves especially well the public sector where strong e-id is often needed - but with low usage intensity. This means that a separate tool is both expensive and difficult to remember for users. Several other countries have taken the same route. But most have not - yet. W...
19 January 2016 /retail Innovation in Financial Services
Small countries have many disadvantages - small home markets, small languages, smaller skill pools and smaller resources - to mention a few. But they also have advantages - better opportunities for networking, smaller vested interest groups, better public-private co-operation, better agility - that they can benefit from - subject of course to havi...
11 January 2016 /payments /retail Innovation in Financial Services
The technology explosion is making so many new far reaching opportunities visible that new challenges have appeared or old ones have become even more challenging. The first that many of us meet in our innovation work is the difficulty to choose between exponentially growing alternatives. The second one is to get our audience to understand that de
12 November 2015 /payments Innovation in Financial Services
Banks in Finland had signed up 217 000 enterprises for sending e-invoices - and 234 000 for receiving at the end of 2014. Corresponding potential for EU: 15,7 and 16,8 million. 3,9 million consumers were signed up for receiving e-invoices. Corresponding EU-potential 280,8 million. The number of e-banking contracts exceeds the population in Finlan...
18 August 2015 Innovation in Financial Services
e-banking customers in Finland used their e-banking passwords 56,2 million times to log in to public sector and other non-banking services last year. Up from 47,1m. Finland is a small country - so it may be useful to multiply into a corresponding EU-potential = 4 billion times. Does this save tax payers' money? Does it save citizens nerves? Oh ye...
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