447 Results
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
SEPA, PSD2, GDPR etc where only the start. We need more EU and national regulation in the data economy. PSD2 means that there will be standardized access to money data for the application you empower. It was is a huge step towards open data in all sectors. The same should be the case for accounting data - any application producing PL and BS statem...
15 September 2018 /regulation Banking Strategy, Digital and Transformation
It is only a question of time before all e-invoices, e-receipts, and payments are effected in Real Time - in standardised structured form. Why does it not happen faster? EU has been driving e-invoicing for over ten years. Maybe it is only a question of awareness? It is not widely enough known that these transactions are the first and broadest step ...
15 September 2018 /payments Disruption in Retail Banking
The public sector is increasingly outsourcing service production - and thus giving more space for the sector's management to do much more important work - policymaking, driving change, creating rulebooks and so forth. This is for sure a much-needed shift in attention and should be welcomed also by business - especially as we all experience the same...
13 September 2018 /regulation Innovation in Financial Services
KYC reused - good for Society at Large29 July 2018 | 3373 views | 0 The banking sector is doing most of the strong e-ID services needed in Finland. There are some 4000 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 2017: 2014: 56,2 ...
11 September 2018
Central bank statistics: Number of payments million times direct/card and bn €direct/bn €cards 2014: 56,9/8,6 million times, na/0,8 bn€ 2015: 65,6/7,3, 4,8bn/0,7 2016: 77,5/9,7, 5,4bn/0,8 2017: 88,2/17,1 (big increase in card trx - due to mobile?), 7,0bn€/1,0 Direct real time e-commerce payments started in mid-90s so the habit has deep roots.
29 July 2018 Payments strategies 2015-2020-2030
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: NA yet m/12,1bn So the rate of decline of €s has doubled to 7% in 2017 compared to 2015. Serious cost savings for all. Shops are not refusing cash yet - unlike S...
29 July 2018 /payments Payments strategies 2015-2020-2030
Central Bank statistics reveal continued growth in both 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. Easy and convenient as mobile ad hoc or direct debit-like authorization is included. 2016: 6,4...
29 July 2018 Digital Banking Trends
The banking sector is doing most of the strong e-ID services needed in Finland. There are some 4000 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 2017: 2014: 56,2 million times 2015: 69,4 2016: 84,7 2017: 100,9 (a suitable and very val...
29 July 2018 Banking Strategy, Digital and Transformation
Eminent article by Markus Hautala - head of Blockchain Solutions at Tieto "Any thriving economy depends on the availability and free movement of skilled labour, products and services. Data has for centuries been an integral element in facilitating the movement of these assets. For the casual observer, it might seem that – thanks to the inter...
12 June 2018 Innovation in Financial Services
I sit on a fair number of boards and project steering groups (start-ups, established, traditional, think-tanks and government bodies) and act as an independent advisor in the digitalization area. What strikes me: - Most of us have heard and read about the radical techno-driven future. How data is the key part of any business and public sector steer...
27 April 2018 Innovation in Financial Services
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