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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
A quick focus on Bulgaria to say that two companies have recently won their licenses as Payment institutions: Easypay (www.easypay.bg/en/) and Intercard Finance AD (www.icard.bg) The BNB (Bulgarian ...
The foundation of trust created by banks such as JP Morgan and Goldman Sachs, has taken a real battering lately as a result of sub-prime loans, collateralised debt obligations and credit default swaps...
I am not going to claim mobile payments is going to eliminate cheques at all. To be honest I was more looking for a catchy phrase to start a story of cheques and why mobile might crush the popularity ...
He’s done it again! You got to love Paul the Octopus. To those of you living across the pond and not following football (soccer) news, that’s the cute octopus-turned-oracle that managed to predict ea...
The report of the Expert Group on e-Invoicing only mild-mannerly pointed out that the 3-corner model can limit choices of suppliers and thus be anticompetitive. The view was that the market will for n...
When confidence plummeted along with the value of their investments, people started to track their savings more closely to preserve what they had left. Mostly, they did this online, for two reasons – ...
A consistent theme keeps popping up as I discuss social media innovations with bankers these days. It is increasingly frustrating for innovators who want to use mobile, social media, the web and other...
An advertisement by a mutual fund company stated "investments are for when you need them". Settlement cycles are reducing on stock exchanges across the globe. Money movements for trade sett
This is a question I am thinking of for some period now. Innovation in payments is made for the customer... most at least! But it is all going so fast, that I wonder how long the Industry will be able...
COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax as regards the rules on invoicing Snippets – emphasis mine: “(8) Since the use of electronic invoicing can hel...
This case (e-invoices received by SMEs) represents quite well the market trend in Finland. The trend on the e-invoices-sent-by-SMEs has been steeper and the volumes much higher as so many invoice rece...
Leaders in the Economist digital economy ranking. The survey appears to be very thorough - but I would put more weight on productivity improving innovations starting from the highest and massive volum...