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e-banking 2002-2011

Noteworthy:

- more contracts than citizens in Finland - due to multibank relationships

- interesting as e-banking typically carries a monthly fee (some 2€) - but has discounts and is free for young customers (up to 26 typically)

- slowing transaction growth may reflect both slower economic growth and above all rapidly growing use of e-invoicing

- translation to EU-level would mean som 26bn payment transactions

e-banking 2002-11
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Comments: (2)

A Finextra member
A Finextra member 09 May, 2012, 17:31Be the first to give this comment the thumbs up 0 likes

With the rapid growth of E-invoicing it looks like interesting opportunity for governments and consumers to jump on the Electronic Invoicing "Band Wagon"!

Bo Harald
Bo Harald - Transmeri, Demos, Real Time Economy Program,MyData - Helsinki Region 10 May, 2012, 13:14Be the first to give this comment the thumbs up 0 likes

Agree James. And they for surely do - large enterprises setting deadlines and especially public sectors. "How can I save tax payers' money today" is of course the first thought in the morning when a civil servant wakes up. This is of course a question of much more than just saving costs.

Bo Harald

Bo Harald

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Transmeri, Demos, Real Time Economy Program,MyData

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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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