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Bo Harald

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

Expectation-surge from corporate customers

Equens and a number of partners (Fraunhofer, IBM etc.) do a regular survey on what banks, customers etc. want in payments, innovations etc. The attached chart from the results (published yesterday) is giving the strongest of signals: Just behind the obvious (electronic funds transfer, credit/debit cards) we see as top priority: - cash and liquidit...

/payments Innovation in Financial Services

Bo Harald

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

Signposts for the road to a networked economy

Two videos (week 18) with signposts on the road to a networked real time economy.

/payments Innovation in Financial Services

Bo Harald

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

The end of the beginning..

Preface to Final Report “Europe is facing major challenges in the coming years as its enterprises and public sector need to become both significantly more productive and environmentally friendly. These needs are accentuated by the relative decline of population of working age and at the same time the growing demand for human resources in health an...

/payments Innovation in Financial Services

Bo Harald

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

e-banking STILL growing strongly in Finland

We have been expecting a leveling out in the transaction growth for some time – but 2009 was still a year of strong growth. The fact that 4,9m out ouf 5,5m citizens are signed up can partly be explained by e-bank login codes being used also for public sector. Otherwise one contract per household could be sufficient (joint accounts often used for bi...

/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 and e-payment progress in 2009 - Finland

Bank e-id serve the entire public sector (in several other countries as well) and eliminates the need for expensive and user-un-friendly one-purpose-smart-card solutions (also non-bank customers have the right to get bank-id for this purpose). Also a wide array of strong-authentication needing private sector services and even trade unions contribu...

/payments Innovation in Financial Services

Bo Harald

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

It all boils down to change resistance

I have the privilage to work with innovation streams in several areas and have lately seen the following elements as pivotal: 1. Do we have the capability to create a strong enough vision for the need for change = innovation? Without Vision – no Enthusiasm – without Enthusiasm - no Innovation. 2. Do we realize that in today’s world you have to eng...

/payments Innovation in Financial Services

Bo Harald

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

No commercial constellation will create this SM milestone

No commercial constellation will create this Single Market milestone.. Migration to E-invoicing is the the by far most topical step for improving enterprise productivity – especially in face of rapidly declining workforce in EU. “Cutting enterprise administrative cost in half” is the main goal – improving competiveness by offering digital services...

/payments Innovation in Financial Services

Bo Harald

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

Now we have two legs - where is the body?

Leg number 1 is the VAT directive for equal treatment and other unification. No demands can be put on electronic invoices by tax authorities that is not put on paper invoices. Leg number 2 is the ISO standard for e-invoicing which is built on the Cross Industry Invoice content standard - to be formally approved within the next 3 months. The body – ...

/payments Innovation in Financial Services

Bo Harald

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

Far more important than SEPA

E-invoicing is by all measures far more important than SEPA (a claim I have been making since the first SEPA-discussions). Far more important for: - productivity in EU enterprises - cost savings in the public sector - CO2 reduction - and above all as the next milestone in building the Single Market Allmost all invoices in EU are digitally born – bu...

/payments Innovation in Financial Services

Bo Harald

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

If you want to go fast - go alone - if far go together

On the way back from a big and very successful EU-conference on e-Invoicing in Madrid. What did become clear – again - was that migration to e-invoicing will not happen without large scale collaboration. This goes for areas like legal deregulation, standardization, network building. Bur above all in spreading the message of how much can be gained i...

/payments Innovation in Financial Services

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