28 January 2015

Innovation in Financial Services

A Finextra Community Group

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Archive for: December, 2011
Salil RavindranOracle - Amsterdam

Are banks adopting wallets and contactless the right way

30 December 2011  |  4275 views  |  3  |  Recommends 1

NFC contactless and m-wallets have a significant role to play in the future of mobile financial services and mobile commerce. As much as we know this for a fact, banks have been sceptical in their minds and slow in their approach to embrace contactless payments while being much slower on wallets. The million dollar question is whether they are doi...

TagsPaymentsRetail banking
Bo HaraldZEF and Real Time Economy Program - Esbo

Taiwan setting targets - 4 bn e-invoices in 2013

27 December 2011  |  2854 views  |  1  |  Recommends 0

Su Chun-jung, the director of the Financial Data Center (that is resided under the Ministry of Finance) stated that: around 100 million e-invoices will be issued in Taiwan by the end of 2011 that figure will expand to 2 billion by the end of 2012 4 billion e-invoices will be issued in 2013. in 2013 50% of all invoices in Taiwan are e-invoices. It...

TagsOnline bankingPayments
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Bo HaraldZEF and Real Time Economy Program - Esbo

Russia moving towards e-invoicing

27 December 2011  |  3309 views  |  1  |  Recommends 0

"On the 26th of December the Prime Minister of Russian Federation Vladimir Putin signed the resolution “About the forms and rules of filling and exchanging documents for VAT management”. This doc...

TagsOnline bankingPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

Just like payments - in sight

22 December 2011  |  2996 views  |  1  |  Recommends 0

With the establishment of eeSPA http://www.eespa.eu/EESPA%20Press%20Release-2011-12-15.pdf we now have the organization in place to drive towards e-invoicing functioning “Just-like-payments. You sign...

TagsOnline bankingPayments
Brett KingMoven - New York

How the post office is killing identity verification

22 December 2011  |  4753 views  |  1  |  Recommends 0

There has been a 25% decline in the total mail volume for the USPS (United States Postal Service) from 2006-2011, resulting in a $5.1 Billion loss in 2011 alone. Since 2007 the USPS has been unable to...

TagsRisk & regulationRetail banking
Pat CarrollValidSoft - London

The security breaches of 2011

21 December 2011  |  5364 views  |  0  |  Recommends 0

2011 presented some fascinating security breaches that could have been prevented. Here are my top three trends, and how to avoid them in 2012! Online identity and social media sites The successful lau...

TagsSecurity
Pat CarrollValidSoft - London

An endless challenge? Or a new beginning?

19 December 2011  |  3310 views  |  0  |  Recommends 0

In my last blog post I wrote about the problems banks will have with fraud detection when the three day payment process window shortens dramatically from January 2012. Because existing risk-engine str...

TagsSecurityPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

Saving tax payers' money

15 December 2011  |  3649 views  |  0  |  Recommends 0

We have on many occasions stressed the need for the public sector to more aggressively - save their own operating costs, - help enterprises to save cost, - drive enterprises across digitalization ...

TagsOnline bankingPayments
Pat CarrollValidSoft - London

New payment rules - new mindset!

15 December 2011  |  3737 views  |  2  |  Recommends 0

As of 1st January 2012, the three-day wait for fund transfers will be over. Banks must ensure that for all electronic payments (e.g. online banking transfers), the money reaches the payee’s account in...

TagsSecurityPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

A more competitive Europe - drilling down

12 December 2011  |  2364 views  |  0  |  Recommends 0

1. More competitive enterprises. How? Drilling down selectively: 1.1. Better products, selling, procurement and service processes – mostly (but not only) a question of digitalization 1.1.1.

TagsOnline bankingPayments
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Founded by Elton Cane
Date 12 Nov 2007
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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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