22 February 2018
Bo Harald

Good for society at large

Bo Harald - ZEF, Transmeri, Demos, Real Time Economy Program

354Posts 1,353,651Views 262Comments
Fintech innovation and startups

Fintech innovation and startups

Disruption, destruction, harmony and creation; Fintech’s new frontier – a place to discuss the cutting edge of innovation.

Real Time Economy for EU - How?

20 March 2017  |  5011 views  |  0

Previous posts have aimed at describing the big picture: 

https://www.finextra.com/blogposting/13835/real-time-economy-for-eu---big-picture

The very compelling Why - the Mission

https://www.finextra.com/blogposting/13836/real-time-economy-for-eu---why

The What - the targets in the Vision

https://www.finextra.com/blogposting/13847/real-time-economy-fo-eu---what

So now it is time to go for the How? Too often called strategy - when it really is a to-do list - to get to the vision - delivering on the mission.

The concrete service development work is done in member states (MS). What can they do more? Decide that it is time to go for the wide concept of Real Time Economy, understand and communicate the big picture, set deadlines for unstructured data, deliver open interfaces, go public-private all over, encourage competition and choose the most important building blocks. But above all see to it that communication between ongoing and starting projects and networks is improved many times over. The silo-effect is getting worse as the speed is increasing and so much is going on. 

What can EU do more? Very much the same - decide for RTE for EU (Single Market), support all the building blocks, observe and support ongoing work and planning in member states, share best practises and above all drive standardization. PSD2 philosophy for all data - not only transaction accounts. The all-important thing is to address the x-silo information. Some form of task force and co-ordination resources surely needed. In short strong focus on the biggest productivity jump. Less on nitty-gritties.

RTE - What TagsMobile & onlineInnovation

Comments: (0)

Comment on this story (membership required)

Latest posts from Bo

Do not fall in love with the solution..

31 January 2018  |  3600 views  |  0 comments | recomends Recommends 0 TagsArtificial IntelligenceInnovationGroupDigital Banking Trends

Finland 100 years

09 December 2017  |  5238 views  |  0 comments | recomends Recommends 0 TagsRetail bankingInnovationGroupDisruption in Retail Banking

Impact evaluation - much to do

04 December 2017  |  2946 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationInnovationGroupFinancial Services Regulation

Make it possible, make it mandatory and then move to the next

21 November 2017  |  3363 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineInnovationGroupDigital Banking Trends

Human-centred approach to data leads the way to a smarter digital age

15 November 2017  |  3536 views  |  0 comments | recomends Recommends 0 TagsInnovationOpen APIsGroupDisruption in Retail Banking

Bo's profile

job title Chairman/Founding member
location Helsinki Region
member since 2008
Summary profile See full profile »
Independent advisor and board professional

Bo's expertise

Member since 2008
353 posts262 comments

Who's commenting on Bo's posts