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Innovation in Financial Services

Archive for: November, 2009

Nick Ogden - Voice Commerce Group - London | 26/11/2009 | 3191 views | 1 comment

2009 has seen tightening up of regulation in the financial markets globally, and the payments environment is no exception. In Europe, the EU has pioneered a number of changes with the introduction of SEPA Direct Debits and the PSD. Whilst much of this red tape has created challenges for banks and institutions the introduction of the PSD this Novemb... Tags: Cards, Payments

Bo Harald - ZEF Solutions - Esbo | 19/11/2009 | 2334 views

Right direction in Belgium

This rapid action - now in Belgium is a very welcome step in the right direction. Practioners know that structured e-invoicing is so much more secure, that there are no needs to impose mandatory digital signatures and that DG Taxud and member states are moving towards PAN EU equal treatment. The technology neutral approach means that businesses ca... Tags: Online banking, Payments

Bo Harald - ZEF Solutions - Esbo | 15/11/2009 | 2124 views | 1 comment

Final report on e-Invoicing approved

The EC Expert Group on e-Invoicing has approved its Final Report. It will be published in within the next weeks. The work has involved a total of close to 60 experts over nearly two years and has already had a significant effect on the activities both in the market uptake, in the standardization area and in the regulatory simplification and unific... Tags: Online banking, Payments

Matt White - Finextra - London | 13/11/2009 | 2599 views

Kiva and transparency

A few weeks ago David Roodman, research fellow at the Centre for Global Development, kicked up a bit of a storm when he posted a lengthy blog raising concerns about the transparency displayed by micro-lending site Kiva. You can read the post here, Kiva CEO Matt Flannery's response here, a NY Times article here, another Flannery response here and a... Tags: Retail banking

Bo Harald - ZEF Solutions - Esbo | 08/11/2009 | 2049 views

Finns twice as mobile as Swedes

A Nordic study (PTS in Sweden) reveals that the mobile share of minutes in outgoing telephone calls in 2008 were the following: Finland 83% Norway 55 Denmark 54 Iceland 48 Sweden 41 The study is claiming that fixed line telephony was so much cheaper in Sweden that this explains the difference compare... Tags: Online banking, Retail banking