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Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Retired Member

Retired Member 

Machine readable news seems a damp squib

The concept of “machine readable” until a few years ago was something of an alien concept. Now a person only has to think of travelling to realise that reading machines are taking over with the use of machine readable passports. When it comes to machine readable news though, despite the hype, there appears to be little in the way of actual take up...

Retired Member

Retired Member 

Call for opinion - US withholding tax

Last week saw the largest ever gathering of QIs, NQIs, Auditors, US Withholding Agents and solutions vendors since 2001 when the US withholding tax regulations - 1441 NRA came into force. 100 attendees discussed the impact of US tax regulations for two days. The US Joint Congressional Committee on Tax (JCT) indicated prior to the conference that ...

/regulation /wholesale

Cedric Pariente

Cedric Pariente Stanford Certified Project Manager at EFFI Consultants

The Secret of House MD to Solve Any Problem

ANYONE CAN SOLVE ANY PROBLEM WITH THE RIGHT METHOD. In this blog, I'm gonna reveal the secret that any good MD knows. You will be able to solve any problem efficiently and look smart about it :-) To handle a problem efficiently, we need first to describe what a problem is! Once it's clear we'll see a perfect roadmap to solve any kind of problem

/security /regulation

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

TV still slightly ahead

Internet has gained 117% from 2004 to today, radio lost 16%, newspapers 17%, magazines 6% - but TV kept its position (source Forrester). And this is the population at large - surely the trendsetters have changed even more. Small wonder that advertising has followed. Interestingly - changes 2008-9 are smaller or even reversed. The big change is of...

/retail

Retired Member

Retired Member 

Over Regulation, Why Be A Director? Private Equity Wins

At a recent lecture series for Company Directors we were informed that regulation is on the rise and Company Directors in many countries did not even have the same rights as most international human rights standards dictated. Trivial rights, such as a presumption of innocence. Wow. All the while, the level of regulation we must be more than just aw...

/payments

Stanley Epstein

Stanley Epstein Associate at Citadel Advantage Group

Is this just a Bad Dream?

So Goldman Sachs is in the news again. According to a recent article in the New York Times the firm and its employees are enjoying one of the richest periods in the bank's 140-year history. Imagine that? Just a few months after paying back billions of taxpayer dollars given to them as a part of a rescue package, Goldman Sachs has announced that th...

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Avoid ice ages..

Corporate inertia, quarterly capitalism and techno-hype have together created a rather sad overall picture of how digital services have been introduced. Far too often in the past digital services have been seen as - at best - side shows and top management support for promotion - badly needed in conservative organisations - have at best been lukewar...

/payments

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Old folks in America showing the way

It may still be necessary to stress the need to develop e-banking as the main channel - from first, through second to third generation services (described here in previous posts). Counterarguments may still include "my parents will never...". Then it is useful to look at pictures like this:

/retail

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Next steps - on e-invoicing platform - in one picture

Could this be the order? 1. see the big picture - exciting to say the least 2. get the fundament in place - fast before the market is hopelessly fragmented 3. bold steps to migrate (deadlines for unstructured invoicing, transparent pricing) - can we afford anything else? 4. then start building on the mass market platform - legislators surely needed...

/payments

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

e-banking in the old days...

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...

/payments

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