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Innovation in Financial Services

Archive for: September, 2011

Pat Carroll - ValidSoft - London | 30/09/2011 | 3189 views

There is a growing number of examples of fraudsters using social media to extract personal information from customers. A recent case hit the Bank of Melbourne, when fraudsters sent direct messages with a link aiming to harvest users' Twitter credentials (Finextra Sept 16 2011). One of the problems for the security industry is that on social media... Tags: Security, Payments

Bo Harald - ZEF Solutions - Esbo | 27/09/2011 | 3192 views

Putting the horse before the cart

I have long been arguing that the natural way to SEPA-payments is through e-invoicing – especially now when ISO20022 for e-invoicing is ready. Here you do not need to force anybody to do SEPA-payments – they materialize automatically. And as posted before – a u-turn in direct debit – should also be done – e-invoicing ... Tags: Online banking, Payments

Bo Harald - ZEF Solutions - Esbo | 24/09/2011 | 2965 views | 1 comment

Still time for u-turn

SEPA direct debit is a huge step in the wrong direction - making direct debit more complicated for users and more expensive for invoice senders (who naturally add these costs into higher prices - the consumer always pays - every cent). The obvious much better alternative is to integrate direct debit into e-invoicing - which is any way on the rise ... Tags: Online banking, Payments

Bo Harald - ZEF Solutions - Esbo | 24/09/2011 | 2130 views

First in the world

Now the first e-invoice using ISO20022 e-invoice standard has been exchanged - cross-border and using SWIFT! http://boharald.blogspot.com/2011/09/first-in-world.html Now it is time for all interested in improving interoperability and starting cost lowering trend for the benefit of enterprises, society at large and also themselves to join the pion... Tags: Online banking, Payments

Felix Kronabetter - Retail Banking Research - London | 22/09/2011 | 2481 views | 1 comment

Finland the pioneer, Sweden the catalyst

It is not an easy decision for banks to agree to pool their ATMs – they are, after all, giving up control of one of their key channels. So what is it about the Nordic countries which means they embrace ATM pooling in a way that other countries find difficult? I ask the question because five of Sweden’s largest banks – Danske Bank... Tags: Cards, Payments