23 April 2014

Good for society at large

Bo Harald - ZEF and Real Time Economy Program

300 | posts 966,908 | views 151 | comments

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Heavyweight support for global e-invoicing ISO standard

11 March 2011  |  5048 views  |  0

This is the global support from SWIFT that the market needs. As seen from the work with the Single European Payment Area it is necessary to get a network standard in place first – and then make the market create end-to-end harmonization. This will happen faster if enterprises using these services and regulators see and drive the big picture – and service providers go for the inevitable network interoperability models.

This should also end the debates on:

if a global network standard for e-invoicing is needed – and if Europe should not be the first to deploy

-  if the ISO20022 e-invoice message standard – based on ISO methodology, processes and change request procedures – is in some way less of a standard in the real sense than the ISO20022 SEPA-payment standard – created in the same way

- if the ISO20022 e-invoicing standard is in some way meant to be used only by service providers from the banking sector – certainly not the case. So now it is very much up to all service providers to adopt it – before regulators have to do it (like SEPA). I am sure all will side with this – preferably publicly – and as soon as possible.

Great day!

TagsOnline bankingPayments

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Bo

Blog post nbr 300 - this time about e-invoicing..

13 March 2014  |  819 views  |  0  |  Recommends 0

Massive forces needed

10 March 2014  |  1118 views  |  0  |  Recommends 0 TagsMobile & onlinePaymentsGroupInnovation in Financial Services

We all know where we are heading

27 February 2014  |  1624 views  |  2  |  Recommends 0 TagsMobile & onlineInnovationGroupInnovation in Financial Services

Consumer ombudsmen - protecting costs - not consumers

05 February 2014  |  1458 views  |  0  |  Recommends 0 TagsMobile & onlineInnovationGroupInnovation in Financial Services

Charge for it!

05 February 2014  |  1289 views  |  0  |  Recommends 0 TagsMobile & onlineInnovationGroupInnovation in Financial Services
name

Bo Harald

job title

Chairman/Founding member

company name

ZEF and Real Time Economy Program

member since

2008

location

Esbo

Summary profile See full profile »

Bo's expertise

Who is commenting on Bo's posts

Ketharaman Swaminathan
christopher williams