29 May 2017

Innovation in Financial Services

A Finextra Community Group

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Archive for: December, 2011
Salil RavindranOracle - Bangalore

Are banks adopting wallets and contactless the right way

30 December 2011  |  4971 views  |  3 comments | recommendations Recommends 1

NFC contactless and m-wallets have a significant role to play in the future of mobile financial services and mobile commerce. As much as we know this for a fact, banks have been sceptical in their minds and slow in their approach to embrace contactless payments while being much slower on wallets. The million dollar question is whether they are doi...

TagsPaymentsRetail banking
Bo HaraldZEF, Transmeri, Real Time Economy Program - Helsinki Region

Taiwan setting targets - 4 bn e-invoices in 2013

27 December 2011  |  3523 views  |  1 comments | recommendations Recommends 0

Su Chun-jung, the director of the Financial Data Center (that is resided under the Ministry of Finance) stated that: around 100 million e-invoices will be issued in Taiwan by the end of 2011 that figure will expand to 2 billion by the end of 2012 4 billion e-invoices will be issued in 2013. in 2013 50% of all invoices in Taiwan are e-invoices. It...

TagsPayments
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Bo Harald
Bo HaraldZEF, Transmeri, Real Time Economy Program - Helsinki Region

Russia moving towards e-invoicing

27 December 2011  |  4003 views  |  1 comments | recommendations Recommends 0

"On the 26th of December the Prime Minister of Russian Federation Vladimir Putin signed the resolution “About the forms and rules of filling and exchanging documents for VAT management”. This doc...

TagsPayments
Bo Harald
Bo HaraldZEF, Transmeri, Real Time Economy Program - Helsinki Region

Just like payments - in sight

22 December 2011  |  3667 views  |  1 comments | recommendations Recommends 0

With the establishment of eeSPA http://www.eespa.eu/EESPA%20Press%20Release-2011-12-15.pdf we now have the organization in place to drive towards e-invoicing functioning “Just-like-payments. You sign...

TagsPayments
Brett King
Brett KingMoven - New York

How the post office is killing identity verification

22 December 2011  |  7418 views  |  1 comments | recommendations Recommends 0

There has been a 25% decline in the total mail volume for the USPS (United States Postal Service) from 2006-2011, resulting in a $5.1 Billion loss in 2011 alone. Since 2007 the USPS has been unable to...

TagsRisk & regulationRetail banking
Pat Carroll
Pat CarrollValidSoft - London

The security breaches of 2011

21 December 2011  |  6220 views  |  0 comments | recommendations Recommends 0

2011 presented some fascinating security breaches that could have been prevented. Here are my top three trends, and how to avoid them in 2012! Online identity and social media sites The successful lau...

TagsSecurity
Pat Carroll
Pat CarrollValidSoft - London

An endless challenge? Or a new beginning?

19 December 2011  |  3792 views  |  0 comments | recommendations Recommends 0

In my last blog post I wrote about the problems banks will have with fraud detection when the three day payment process window shortens dramatically from January 2012. Because existing risk-engine str...

TagsSecurityPayments
Bo Harald
Bo HaraldZEF, Transmeri, Real Time Economy Program - Helsinki Region

Saving tax payers' money

15 December 2011  |  4027 views  |  0 comments | recommendations Recommends 0

We have on many occasions stressed the need for the public sector to more aggressively - save their own operating costs, - help enterprises to save cost, - drive enterprises across digitalization ...

TagsPayments
Pat Carroll
Pat CarrollValidSoft - London

New payment rules - new mindset!

15 December 2011  |  4063 views  |  2 comments | recommendations Recommends 0

As of 1st January 2012, the three-day wait for fund transfers will be over. Banks must ensure that for all electronic payments (e.g. online banking transfers), the money reaches the payee’s account in...

TagsSecurityPayments
Bo Harald
Bo HaraldZEF, Transmeri, Real Time Economy Program - Helsinki Region

A more competitive Europe - drilling down

12 December 2011  |  2677 views  |  0 comments | recommendations Recommends 0

1. More competitive enterprises. How? Drilling down selectively: 1.1. Better products, selling, procurement and service processes – mostly (but not only) a question of digitalization 1.1.1.

TagsPayments
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Founded by Elton Cane
Date 12 Nov 2007
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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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