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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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Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The second most viewed post last year states that e-banking is not ready: https://www.finextra.com/blogs/fullblog.aspx?blogid=5353 The points raised can be crystallized as follows: 1. New generations of smartphones and tablets mean that also bank customers start to expect proactive intelligence and context based messages. In stead of only logging ...
05 January 2012 /payments
Of my 2011 posts the Heavyweight support for ISO20022 e-invoicing message standard https://www.finextra.com/blogs/fullblog.aspx?blogid=5081 was the most viewed one. I certainly hope this is symptomatic - and serves to spread the message of what is happening. Even if customers should not worry about standards (service providers are happy to convert....
04 January 2012 /payments
Retired Member
Consumer data is so valuable these days that I wouldn’t be surprised if a commodities exchange opened up to support the buying and selling of this precious material. If in fact it was available for purchase on the open market, like gold, you would expect it be one of the few items to rise in value during times of economic uncertainty. Unlike gold...
03 January 2012 /payments
Salil Ravindran Senior Director, Product Marketing at Zeta
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...
30 December 2011 /payments /retail
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...
27 December 2011 /payments
"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 document established the rules of use of invoices, sales and bough daybooks and a log book both in paper and electronic forms. Electronic invoices in Rus...
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 up with one and you reach your customer or supplier globally. Every enterprise is here free to choose their own service provider – nobody is forced ...
22 December 2011 /payments
Brett King CEO & Founder at Moven
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 cover its annual budget, 80 percent of which goes to salaries and benefits. In contrast, 43 percent of FedEx's (FDX) budget and 61 percent of United...
22 December 2011 /regulation /retail
Pat Carroll Founder/Executive Chairman at ValidSoft
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 launch of Google+, and its privacy feature which allows users to group certain contacts into different “circles”, highlighted not only that there was...
21 December 2011 /security
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 strategies do not have the benefit of knowing the real-time status of the card holder, banks struggle to determine which transactions are fraudulent and ...
19 December 2011 /security /payments
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