19 April 2014

Good for society at large

Bo Harald - ZEF and Real Time Economy Program

300 | posts 966,277 | 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.

e-id services - great growth in 2010

29 March 2011  |  4079 views  |  0

Wrote this last year:

"So sensemaking to let citizens log in to public sector with e-bank log-on tools.

This is so saving both tax payer's money and speeding up e-government as tools are familiar, trusted and much more convenient than any public-sector-only tool would be.  Several countries have already this so obviously beneficial public-private partnership in place. Anybody knowing one reason for why this option should not be possible all over EU?

Policy naturally based on the Three neutralities:

1. service provider neutrality (not banks only - but any strong e-id service need to be supervised - strong enough tool and strong enough physical identification)

2. tool neutrality (one time codes, certificates today - new ones welcome)

3. platform neutrality (important for mobile e-id - SIM, multimedia cards, security elements - in accordance with Mobey Forum policy papers)

E-commerce payments (real time) are also growing steadily (5,3 million inhabitants..).

Much work to do of course to first connect the local e-id and e-payments to an EU standard pipeline and then start working on end2end - just like with e-invoicing."

2010 was a great e-id-service year in Finland: 21,7 m transactions (most to the public sector - so far only by banks) - 61% growth. EU-level equivalent: 1,5bn...

e-commerce payments volume 29,9m (+29%) - EU-equivalent: 1,8bn..

This is innovation in reality.

 

 

TagsOnline bankingPayments

Comments: (1)

Bo Harald - ZEF and Real Time Economy Program - Esbo | 03 April, 2011, 12:11

Anybody knowing a cheaper & faster way of getting strong id in use for the public sector? 

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name

Bo Harald

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Chairman/Founding member

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ZEF and Real Time Economy Program

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Esbo

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