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Innovation in Financial Services

Archive for: July, 2011

Brett King - Movenbank - New York | 26/07/2011 | 3991 views | 1 comment

The Total Disruption of Retail Banking - Part 4

The Widening Gap between Behavior and Capability In 1980 the average bank in the developed world would receive a visit from a customer once or twice a month, making an average of 20-25 times a year. As ATM machines started to emerge, by the end of the 80s average branch visits per customer were already starting to level off as the primary reason f... Tags: Online banking, Retail banking

Bo Harald - ZEF Solutions - Esbo | 26/07/2011 | 3873 views

Where is your country?

Deadlines for paper or otherwise unstructured invoices (e-mail) to the public sector have been issued in many countries - and more are on their way. The reasons for this are obvious: 1. save tax payers money 2. move increasingly scarce human resources from administration to services and other productive tasks 3. kick-start e-invoicing in the eco... Tags: Online banking, Payments

Bo Harald - ZEF Solutions - Esbo | 19/07/2011 | 3368 views | 5 comments

No scanning please

When Denmark legislated against paper invoicing in the public sector (including municipalities) back in 2005 service providers (including banks) where not ready with easy solutions for the SMEs. The solution was that enterprises where told to go to the local post office to have invoices scanned. The state paid the cost. Many enterprises (worldwide... Tags: Online banking, Payments

Bo Harald - ZEF Solutions - Esbo | 19/07/2011 | 3520 views

The biggest of them all

We read that PayPal is moving into e-invoicing. Natural step for anyone who wants to stay in the payments business = keep the funding and profitability transaction accounts offer. Some banks have not yet seen the need to make the choice - keep the profitable and stable funding intact or not. In the same news we also read: "Separately, the US Trea... Tags: Online banking, Payments

Brett King - Movenbank - New York | 12/07/2011 | 7238 views | 4 comments

The Total Disruption of Retail Banking - Part 3

Massive spend on innovation at the front-end of retail financial services Putting aside conjecture of whether or not we are in a bubble at the moment around tech, social media, and mobile services (which I believe we very well could be), the reality is we are seeing a flurry of massive investment in new distribution models and organizations actin... Tags: Cards, Online banking