23 May 2015

Good for society at large

Bo Harald - ZEF and Real Time Economy Program

315Posts 1,041,993Views 172Comments

Innovation in Financial Services

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

Virgin territory

23 February 2013  |  3948 views  |  0

A lot of time and effort has been spent on automating manufacturing and logistics in large companies. Less has been spent on their administrative processes. Automation of SME administration and government reporting still appears as virgin territory. More  http://www.finextra.com/community/Fullblog.aspx?blogid=7407

As the SME sector stand for some 65% of corporate turnover and is the one that will employ more when large enterprises both cut and offshore it should be obvious that now is the time to standardize, digitalize, automate and harmonize x-EU.

Needless to say that no country can afford the present low productivity in the public sector either and that also the EU red tape initiative should be given full attention. Any new reporting requirement should be critically assessed and if found to be important enough it should be digital and EU-harmonised from the outset. Reusing existing tools should be the norm (bank credentials for strong e-id and contract signing, e-invoicing to curb the grey economy etc).

Only by getting the banking system involved - starting from building the 4-corner e-invoicing and payment automation as a platform - can the at least 350bn productity improvement be achieved fast and cost efficiently. Payback time for banks.

TagsMobile & onlinePayments

Comments: (0)

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

Latest posts from Bo

The second pyramid - huge value

12 May 2015  |  894 views  |  0  |  Recommends 0 TagsPaymentsInnovationGroupInnovation in Financial Services

We have to speed up the progression to full automation

08 May 2015  |  3222 views  |  0  |  Recommends 0 TagsMobile & onlinePaymentsGroupInnovation in Financial Services

In a small country you can advance faster

05 April 2015  |  2060 views  |  0  |  Recommends 0 TagsPaymentsInnovationGroupInnovation in Financial Services

Step by step to a Real Time Economy

28 March 2015  |  1311 views  |  0  |  Recommends 0 TagsInnovationTransaction bankingGroupInnovation in Financial Services

I am sure. Very sure.

04 February 2015  |  2067 views  |  0  |  Recommends 0 TagsPaymentsTransaction bankingGroupInnovation in Financial Services

Bo's profile

job title Chairman/Founding member
location Esbo
member since 2008
Summary profile See full profile »

Bo's expertise

Who's commenting on Bo's posts