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24 Results from 2018

Bo Harald

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

Crusade against cash

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...

/inclusion Payments strategies 2015-2020-2030

Bo Harald

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

Is all data MyData?

All data is somebody's data. Not really owned - but somebody is having the often exclusive right to use it. Sometimes alone, sometimes together, sometimes the right to alter and delete it, sometimes no right to change or delete it. What will happen next - when GDPR is a? strong foundation and MyData.org - the global movement (now also legally inco...

/ai Fintech innovation and startups

Bo Harald

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

Real Time Economy on EU top agenda

Loud and clear - Timmerman's horizontal responsibility (see page 40) https://ec.europa.eu/info/sites/info/files/refit-platform-opinions-v26november2018_en.pdf With GDPR and MyData.org gearing up we will see a rapidly growing stream of RTE-data showing up in Life-event-driven service design. This can become a huge movement once people realize that ...

/inclusion Fintech innovation and startups

Bo Harald

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

Questions - often stupid.. on the long journey to the Fintech future at large - updated version

Questions on the long journey Summarizing milestones - my own experience mostly based on Fintech in Finland and the other Nordics. (Union Bank of Finland>Merita Bank>MeritaNordbanken>Nordea Bank, Mobey Forum, Visa Advisory board, EU Expert Groups, Real Time Economy Program, Tieto, MyData etc): 1950s - Strong emphasis on payment standa...

Digital Banking Trends

Bo Harald

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

Four big screens

The Real Time Economy Program in Finland (2006- ) did early on set goals like: - Real Time Tax reporting of salaries, pensions and social support (for salaries ready in 2019 - rest in 2020). Dividend, interest and other investment income already there. - Full migration to electronic structured invoicing and e-receipts - Automated accounting and au...

/ai Data Management 101

Bo Harald

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

Two rivers becoming one..

The rapidly swelling data river (MyData, Big Data, Open Data, structured and unstructured) and the service design river namely. In the Real Time Economy program (2006-) we have seen important progress towards getting financial and administrative data digitalised into structured and standardised form moving increasingly into real time. This is als...

/ai Digital Banking Trends

Bo Harald

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

Economy of Real Time

In the quest for better productivity in the global markets we have been listing huge levers like: - Economy of Scale - still important - even if IT-processing costs have been coming down - Economy of Scope - still important - especially as customers plastic brains have all but eliminated attention spans - and thus comprehensive offerings (self- and...

Banking Strategy, Digital and Transformation

Bo Harald

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

There are no corporate customers.. only Mr Same Guy

And no private customers either - just human customers in several roles. A legal person has btw never done anything. So remember this when you create services. Same user experience across roles - and across services. A primary example is to allow the use of e-banking codes as ID in other services that need a strong e-id - and then use them also f

/ai Fintech innovation and startups

Bo Harald

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

We need LSD..

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...

/regulation Banking Strategy, Digital and Transformation

Bo Harald

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

It is only a question of time

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 ...

/payments Disruption in Retail Banking

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