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Innovation in Financial Services

Archive for: September, 2009

Bo Harald - ZEF Solutions - Esbo | 30/09/2009 | 4473 views | 2 comments

e-banking in the old days...

In the old days - especially in the 80s before Internet - e-banking was seen as a supplementary channel - in addition to branches and contact centres. Today it is the main channel for almost all services - both for the customer in his private role and in employee roles of so called corporate customers. All banks have not yet adjusted their strateg... Tags: Online banking, Payments

John Cant - MPI Europe Ltd - London | 25/09/2009 | 2828 views

The hidden cost of delay

For most financial sector decision makers, the challenging market conditions of the past year or so - despite any recent positive portents that countries are exiting recession - have promoted a natural prudence or caution when it comes to initiating change or projects. It is tempting for them to delay an explicit project cost, or to introduce an ad... Tags: Post-trade & ops, Wholesale banking

Rajeev Nair - Accenture - Bangalore | 25/09/2009 | 3482 views

CASE - Auricles and Ventricles of Payments

KPMG's report - insights to global payments titled "The beating heart of Banking" indicates reversal of priorities on payments agenda, which points to opportunities and threats faced by the industry in the coming years. Future tests strength of basics. Moving priorities from innovation to efficiency, identifying silos - organizational and technolo... Tags: Payments, Post-trade & ops

Bo Harald - ZEF Solutions - Esbo | 22/09/2009 | 2305 views

Real action by Stoiber

If you can lower the treshold to e-invoicing - as suggested below (emphasis mine) - you can automate accounting, public sector reporting, further the single market and much more. Then EU and member states have a chance to reach the 25% goal by 2012. If not - no chance. Who will take the responsibility for such fundamental failure? Stoiber and Verha... Tags: Online banking, Payments

Bo Harald - ZEF Solutions - Esbo | 20/09/2009 | 2721 views

Widening Adoption Gap

Technology is not the narrow sector - it is amply on offer - and the costs are going from low to lower. Technology enables "anything" and in most cases the utility is evident. The adoption gap is still widening - even too much. Why is this happening? In some cases it may be the less than perfect first versions that have scared adopters off. More o... Tags: Online banking, Payments