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Innovation in Financial Services

A Finextra Community Group

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Archive for: September, 2009
Bo HaraldZEF, Transmeri, Real Time Economy Program - Helsinki Region

e-banking in the old days...

30 September 2009  |  5540 views  |  2 comments | recommendations Recommends 0

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...

John CantMPI Europe Ltd - London

The hidden cost of delay

25 September 2009  |  3428 views  |  0 comments | recommendations Recommends 0

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 a...

TagsPost-trade & opsWholesale banking
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Rajeev Nair
Rajeev NairAccenture - Bangalore

CASE - Auricles and Ventricles of Payments

25 September 2009  |  4594 views  |  0 comments | recommendations Recommends 0

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 ...

TagsPaymentsPost-trade & ops
Bo Harald
Bo HaraldZEF, Transmeri, Real Time Economy Program - Helsinki Region

Real action by Stoiber

22 September 2009  |  2900 views  |  0 comments | recommendations Recommends 0

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 st...

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

Widening Adoption Gap

20 September 2009  |  3365 views  |  0 comments | recommendations Recommends 0

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 g...

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

Four Economics

19 September 2009  |  2900 views  |  0 comments | recommendations Recommends 1

Banks should move up the order-to-payment value chain from payments and down the payment-to-accounting value chain - before invaders move down or up into the payment business. The reasons are fundamen...

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

Happy Confluence !

18 September 2009  |  2477 views  |  0 comments | recommendations Recommends 0

As we heard from Stig Korsgaard at SIBOS there a rather unique happy confluence has been arrived at as: 1. The EC Expert Group on e-Invoicing turned to UNCEFACT to get a global e-invoicing standard t...

Uri Rivner
Uri RivnerBioCatch - Tel Aviv

RSA Spots a New 'Chat in the Middle' Attack!

17 September 2009  |  4273 views  |  0 comments | recommendations Recommends 0

Just when you think you’ve seen it all, cyber criminals come up with some jaw dropping social engineering trick that demonstrates their ability to innovate and adapt. RSA FraudAction Lab discovered an...

Colin Day
Colin DaySunGard - London

A brave new World?

15 September 2009  |  2584 views  |  0 comments | recommendations Recommends 2

As dawn broke on the second day of Sibos, delegates across Hong Kong woke up confused. Was Hong Kong being battered by a force 8 typhoon, or not? Conflicting emails and stories flew around the city – ...

Elton Cane
Elton Canewriter & tech geek - Brisbane

Swift does Dragon's Den with Innotribe

14 September 2009  |  5203 views  |  0 comments | recommendations Recommends 0

Swift's new Innotribe section of the Sibos agenda has evolved into an interesting experiment in collaboration and potentially commercialisation. Presentations at the opening sessions at the SibosLabs...

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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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