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e-banking STILL growing strongly in Finland

We have been expecting a leveling out in the transaction growth for some time – but 2009 was still a year of strong growth.

The fact that 4,9m out ouf 5,5m citizens are signed up can partly be explained by e-bank login codes being used also for public sector. Otherwise one contract per household could be sufficient (joint accounts often used for bill payments and childrens’ accounts often included in parents service).

The next big growth area will be consumer e-invoicing. It is kind of anachronic to type in often lengthy details from invoices when it could all be handled with one click – or no click with standing orders (defacto integrated direct debit).

e-banking in Finland  2009
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Bo Harald

Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,MyData

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04 Nov 2008

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Helsinki Region

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This post is from a series of posts in the group:

Innovation in Financial Services

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


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