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Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Time for soul-searching - also in banks

Then the first question is WHY? Why? Because people do not buy what you say – but why you say it. Simon Sinek proves this beyond doubt in his book Start with Why. You can get a good taste of this already in his famous TED Video. - http://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action - but, if you read one book about leadership - ...

Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

All countries should save tax payer's money with e-invoicing

Now Switzerland http://www.thepaypers.com//e-invoicing-scf-e-procurement/switzerland-to-roll-out-e-invoicing-in-the-administration-in-2016/757585-24 But Denmark - true Vikings - made e-invoicing mandatory already in 2006. Important to remember that huge cost savings are enabled in all sectors and that especially the SME-sector can easily move to au...

Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Time for better and new Ecosystems

I had the opportunity to speak at the spectacular SLUSH-event in Helsinki. The main focus there is always on how startups are changing the world and should get more funding to do it even faster. My presentation was about the need and opportunity for new Real time functioning Ecosystems - in the administrative and business process cutting SME-costs ...

Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

It's our money..

An estimated EUR 177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, a recent report reveals. E-invoicing to help reduce EU VAT Gap losses - report thepaypers.com According to a recent VAT Gap study by the European Commission, the lost revenue equals to 16% of total expected VAT revenue by the 26 EU Member States....

/payments Electronic invoicing

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

How long can e-banking keep growing?

Over 6 million e-banking contracts in a country with 5,5m people - and there is a monthly fee. And transactions just keep growing..

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

e-id as bank service storming ahead in Finland

The most natural thing in the world is to reuse e-banking credentials, ready HABIT and TRUST for public sector and other 3rd party services when strong identification and/or contract signing is needed. Saving money and nerves - big time..

Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Banks turbo-driving e-invoicing in Finland

Almost all enterprises in the country signed up (336.000). Huge growth in transactions. Consumer volumes exploding this year as direct debit features have been integrated.

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Blog post nbr 300 - this time about e-invoicing..

As of November last year 72% of all enterprises in Finland used structured e-invoicing (Finvoice or TEAPPS standards - compatible with ISO20022). By now it is considerably higher. E-mailing PDFs has not - and should not - be counted as e-invoicing. The penetration rate varies between 82% (over 50 employees) and 62% (less than 10 employees). The fi...

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Massive forces needed

When we have been working with changing direction in large companies or large scale projects like x-EU e-invoice harmonization, automated VAT reporting and the real time economy generally speaking we have noticed that the mass we need to move is great. The reaction is naturally to apply more force and also call in bold decision makers (hard to fin...

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

We all know where we are heading

We all know that administrative processes will be fully automated in the future and continue their march towards real time. Still far too many of us continue to sit on our hands - perhaps not hoping that this inevitable change is a bad dream - but not having the energy or time needed to get out of daily chores. All this despite the whole process b...

Innovation in Financial Services

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