514 Results
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The 0-interest policy in the euro area has been defended by the need to get inflation up to 2%. I have been wondering how that can be possible when cost of work, energy, material, tax and financing gets lower and destroying nature and climate is still not a cost. Now the Economist's "The end of inflation?" article sheds more light. My t...
23 October 2019 /regulation Artificial Intelligence and Financial Services
My top 5: 1. Climate crisis awareness growing exponentially. Overconsumption and overpopulation (5 billion! more than 70 years ago) on everybody's mind. This will force enterprises to change fast. Owners are also seeing the challenge. Investors move huge sums to sustainable alternatives. Politicians unfortunately still fishing votes in the muddies...
12 September 2019 /ai Open Innovation Ecosystems
Central Bank statistics in Finland reveal continued growth in both e-banking contracts and its use for e-invoicing Consumers signed up: 2015: 6,230 million (entire population is 5,5 - so many are paying for service in more than one bank). 4,0 million use e-invoicing. 2016: 6,427m - out of which 4,1m use e-invoicing. 2017: 6,410m - out of which 4,3...
11 September 2019 Electronic invoicing
The banking sector is doing in practical terms all the strong e-ID transactions needed in Finland. There are some 3 600 organizations and all of the public sector using this services (dating back to the early 90s..). Central bank statistics reveal continuing strong growth also in 2018: 2014: 56,2 million times 2015: 69,4 2016: 84,7 2017: 100,9 (a s...
11 September 2019 /retail Digital Banking Trends
A population of 5,5m (and some tourists) produced the following ATM volumes: Million times/billion €s: 2014: 145,1 million times/14,4billion € 2015: 137,1m/13,9bn 2016: 124,3m/13,0bn 2017: 12,1bn€ 2018: 11,4bn€ (out of which 0,2 billion with foreign cards) 2019: still over 10bn? 2000€/citizen. For no good reason.. So the rate of decline of €s is 18...
11 September 2019 /payments /retail Digital Banking Trends
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
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
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
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
I have written 380 blogs in Finextra since I was invited to join in 2008. Mostly about themes like e-banking, e-invoicing, e-id, e-salary, payments, the Single Market and lately more about the data-driven economy and its drivers DLT, GDPR and MyData. I am very grateful for having received some 1,6 million views and will try hard to get to the 2 mi...
29 December 2018 /inclusion Payments strategies 2015-2020-2030
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