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Bo Harald

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

TV still slightly ahead

Internet has gained 117% from 2004 to today, radio lost 16%, newspapers 17%, magazines 6% - but TV kept its position (source Forrester). And this is the population at large - surely the trendsetters have changed even more. Small wonder that advertising has followed. Interestingly - changes 2008-9 are smaller or even reversed. The big change is of...

/retail Innovation in Financial Services

Bo Harald

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

Invisible hand - guiding where?

The Economist run an article Questioning the invisible hand last week. Starting off with the meltdown in the financial industry in several countries it then zooms in on the energy industry's apparent inability to secure supply for the future in UK and moves on to greenhouse gas emission report from the Committee on Climat Change: "The market,...

/retail

Bo Harald

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

Back from the boiler room

In the old days the CIO was often a board member - as important as business area executives. Then came the age of internal procurement processes and the IT-departments were sent to the boiler room and told to show up only when asked to. Business will tell them what will be done and IT could decide how it should be done - but do it fast and much ch...

/retail

Bo Harald

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

Avoid ice ages..

Corporate inertia, quarterly capitalism and techno-hype have together created a rather sad overall picture of how digital services have been introduced. Far too often in the past digital services have been seen as - at best - side shows and top management support for promotion - badly needed in conservative organisations - have at best been lukewar...

/payments Innovation in Financial Services

Bo Harald

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

Do not complicate

It is very easy to make things difficult but very difficult to make things easy. As a result we see that many service are not the least user-friendly - not in design - not in language - too complicated - a no-brainer. The business environment is also getting fiendishly complicated as technology offers so many new alternatives with so many new h

/payments /retail

Bo Harald

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

Cash for crime

Computer Sweden writes - inspired by frequent high profile robberies - that cash is an invitation to crime. Legislators, banks and retailers are to blame for having failed to eliminate cash usage - despite cards having been around for 30 years on a large scale. Not only are piles of cash inviting robbers - it is also the enabler of drug trade, pro...

/payments

Bo Harald

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

Internet users are addicted..

When arguing for e-banking as the main service channel it is also important to take note that like in Finland age groups up to 45 are all there http://boharald.blogspot.com/2009/10/internet-users-by-age-group-in-finland.html and that all age groups are "addicted" (figures from Finland)- just waiting for more from the their banks also: ...

/retail

Bo Harald

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

Old folks in America showing the way

It may still be necessary to stress the need to develop e-banking as the main channel - from first, through second to third generation services (described here in previous posts). Counterarguments may still include "my parents will never...". Then it is useful to look at pictures like this:

/retail Innovation in Financial Services

Bo Harald

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

Next steps - on e-invoicing platform - in one picture

Could this be the order? 1. see the big picture - exciting to say the least 2. get the fundament in place - fast before the market is hopelessly fragmented 3. bold steps to migrate (deadlines for unstructured invoicing, transparent pricing) - can we afford anything else? 4. then start building on the mass market platform - legislators surely needed...

/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 in the old days...

In the old days - especially in the 80s before Internet - e-banking was seen as a supplementary channel - in addition to branches and contact centres. Today it is the main channel for almost all services - both for the customer in his private role and in employee roles of so called corporate customers. All banks have not yet adjusted their strateg...

/payments Innovation in Financial Services

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