05 March 2015

Innovation in Financial Services

A Finextra Community Group

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Archive for: March, 2010
Rajeev NairAccenture - Bangalore

Payments Dynamics - Velocity vs Pressure

29 March 2010  |  4912 views  |  0  |  Recommends 0

Fluid Dynamics has a lesson for Payments Industry. When fluid velocity increases, fluid pressure decreases. This scientific principle - Bernoulli Prinicple - is foundational in Fluid Dynamics which lead to inventions and applications in later phases. Since funds can flow, it is fluid. So Fluid Dynamics principles are equally applicable for Paymen

TagsPaymentsRisk & regulation
József NyíriIND Group - Budapest

What is the branch for? Mortgage?

24 March 2010  |  4623 views  |  1  |  Recommends 0

Listening to people from different parts of Europe, everybody claims that banking went online, and the role of branches significantly decreased. In my example, the last times i visited a branch of my bank was when i opened my account and when i applied for a mortgage loan. For every other reason i use online and mobile banking, and of course ATMs ...

TagsRetail banking
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Bo HaraldZEF and Real Time Economy Program - Esbo

einfach, effizient, sicher..

22 March 2010  |  2816 views  |  0  |  Recommends 0

Elektronische Rechnungsabwicklung – einfach, effizient, sicher Thorough report for the most important market - with a 54bn€ savings potential according to Deutsche Bank Research. http://www.ecommerc...

TagsOnline bankingPayments
Stanley EpsteinCitadel Advantage Ltd - Modiin

It is more about ethics than policing

19 March 2010  |  3340 views  |  1  |  Recommends 0

So the FSA is going to beef up on its staff in the oversight of the banks. As I see it, this approached is doomed before it even starts. The regulator, whether it is the FSA or any other, cannot match...

Uri RivnerBioCatch - Tel Aviv

Typo

18 March 2010  |  3750 views  |  0  |  Recommends 0

Last week was recovery from RSA Conference, which was awesome. Cybercrime and Cloud were the main two themes, and I provided my Dark Cloud: Cybercriminals get Corporate Aware talk which draws upon bot...

TagsSecurityOnline banking
Bo HaraldZEF and Real Time Economy Program - Esbo

e-Invoicing leap in Russia

16 March 2010  |  3995 views  |  0  |  Recommends 0

“Future of E-Invoicing in Russia” took place in Moscow recently. The following was reported: “· Necessary legal aspects must be prepared for e-Invoicing during the first half of 2010 (Russian governme...

TagsOnline bankingPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

SWIFT - new dimensions in supply chain services

14 March 2010  |  3314 views  |  0  |  Recommends 0

SWIFT magazine painting a wider picture. Only a question of time before TSU and e-invoicing services find each others. It is plain to see that a payment guarantee following on approval of an invoice c...

TagsOnline bankingPayments
Nick OgdenNovmo.com - Jersey

UK fraud stats: better but still some way to go

11 March 2010  |  3802 views  |  0  |  Recommends 0

The latest stats on UK fraud from the UK Cards Association provide some interesting food for thought and it is of course excellent to see that UK credit and debit card fraud fell by 28 percent in 2009...

TagsSecurityPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

All Finnish enterprises signed up for e-invoicing?

11 March 2010  |  2802 views  |  0  |  Recommends 0

Statistics from the banking sector reveals that 129 000 enterprises were signed up last year. Adding a couple of additional months of brisk selling – and those signed up by a good number of non-bank s...

TagsOnline bankingPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

Automating away a 1 billion cost in Finland?

04 March 2010  |  3342 views  |  0  |  Recommends 0

The ministry of Employment and the Economy has published an extensive study on cost of administrative burden. Some quotes (my emphasis): "The aim of the study was to chart statutory information ...

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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