14 Results from 2019
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Speach to students and supporters at Aalto University innovation workshop. Dear innovators, We are now entering a very fascinating era – the data-driven economy - where so many megatrends converge. You are to be congratulated to have so many opportunities to change the world for the much better. Many opportunities to create and share important ...
11 November 2019 /regulation Fintech
Blog nbr 400. The benefits of moving faster to a Data-driven Economy are clear. The mission in short: better service, mega-shift in productivity, sustainability through less waste and CO2, fact-based decisions, true single European market, global transparency and the end of grey economy. Without banks taking more responsibility and politicians r...
06 November 2019 /retail Banking Strategy, Digital and Transformation
What does a Data-driven Economy mission mean? In short: better service, mega-shift in productivity, sustainability through less waste and CO2, fact-based decisions, true single European market, global transparency and the end of grey economy. What does a Data-driven Economy need? In short: 1. Data - eventually most of it structured, standardized,...
28 October 2019 /ai Open Innovation Ecosystems
The Economist article also describes how policy makers and central banks often have to resort to outdated price data and how sudden important changes typically are in a global economy. So when they find the data the important trends may already have emigrated to the next big thing. As we have moved from soon mandatory e-Invoicing+e-Receipts to...
23 October 2019 /ai Bigger than Technology
Ever so happy with the response to my presentation at the EU-conference today. A few slides when I manage (should delete blog in the meantime - but Ipadversion not easy..)
23 October 2019
The 0-interest policy in the euro area has been defended by the need to get inflation up to 2%. I have been wondering how that can be possible when cost of work, energy, material, tax and financing gets lower and destroying nature and climate is still not a cost. Now the Economist's "The end of inflation?" article sheds more light. My t...
23 October 2019 /regulation Artificial Intelligence and Financial Services
My top 5: 1. Climate crisis awareness growing exponentially. Overconsumption and overpopulation (5 billion! more than 70 years ago) on everybody's mind. This will force enterprises to change fast. Owners are also seeing the challenge. Investors move huge sums to sustainable alternatives. Politicians unfortunately still fishing votes in the muddies...
12 September 2019 /ai Open Innovation Ecosystems
Central Bank statistics in Finland reveal continued growth in both e-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. 2016: 6,427m - out of which 4,1m use e-invoicing. 2017: 6,410m - out of which 4,3...
11 September 2019 Electronic invoicing
The banking sector is doing in practical terms all the strong e-ID transactions needed in Finland. There are some 3 600 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 2018: 2014: 56,2 million times 2015: 69,4 2016: 84,7 2017: 100,9 (a s...
11 September 2019 /retail Digital Banking Trends
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: 12,1bn€ 2018: 11,4bn€ (out of which 0,2 billion with foreign cards) 2019: still over 10bn? 2000€/citizen. For no good reason.. So the rate of decline of €s is 18...
11 September 2019 /payments /retail Digital Banking Trends
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