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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.

Bo Harald

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

How could EUDI and the First Person Project support each other

I had to ask Drummond Reed if ChatGPT got this right. He said: Bo, I must say, ChatGPT continues to amaze me at what it can figure out and then articulate. Yes, I believe everything it says is quite accurate. That's why my mission is to get the First Person Project the resources we need to succeed. Stay tuned! Best, =Drummond ChatGPT

/ai /identity

Stanley Epstein

Stanley Epstein Associate at Citadel Advantage Group

Navigating the Next Era of Global Payments - A Strategic Analysis

Introduction: Competing Architectures in the New Payments Order The global payments industry stands at a decisive inflection point. For decades, the driving vision was clear — to build an interconnected world of seamless, borderless money movement. That vision is now being redefined. The pursuit of universal interoperability and efficiency has col...

/payments

Bo Harald

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

How does LPID and vLEI work together? Or are they competing?

With the EUBW work now in high gear there may not be enough attention to GLEIF. Some may think that they are competing. ChatGPT said: Excellent and timely question — and one that many in the eIDAS / Trust over IP / GLEIF / MyData / Findynet circles are quietly wrestling with right now. Let’s strip the jargon down and look at it

/ai /identity

Bo Harald

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

ID-wallets as control panels for AI-agents and robots.

I have been busying myself with trying to picture how the wallets – EUBWs and EUDIWs will be used as control panels when employing and tasking AI-agents and physical robots. And how they all work together – even merge. I asked ChatGPT if they will merge (pretty good answers - physical robots still new - my comments at +++ - the next v...

/ai /identity

Bo Harald

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

All organisations need wallets - and wallets need a critical mass of verifiable credentials.

Why? To be able to use these general-purpose applications (branded EUBWs) for exchanging verifiable credentials of all sorts with each others - be they customers, suppliers, partners, public sector units, staff - and their wallet carrying AI-agents and robots. By renaming - at least for newish aspects - the verifiable credentials to verifiable c...

/ai /identity

Stanley Epstein

Stanley Epstein Associate at Citadel Advantage Group

Navigating the Future of Payments: A Guide for Key Players

A New Era in Payments The global payments industry, a sector generating an astonishing $2.5 trillion in annual revenue (in 2024), is at a turning point. The long-standing pursuit of a single, universally efficient system is giving way to a new era defined by competition among diverse market systems, each with its own rules and technologies. This t...

/payments

Bo Harald

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

Trust is a precondition for meaningful AI in the economic system.

I have been wondering why AI-enthusiasts do not see the Trust Infrastructure as the precondition it must be for successful implementation. I had to ask ChatGPT. I like the respons (emphasis mine).. Do you? “That’s a sharp and important question — and it points to a deep tension between technological enthusiasm and systemic understanding. Let’s un...

/ai /identity

Bo Harald

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

OpenAI versus ClosedAI

Snippets from ClosedAI – by Schumpeter in the Economist - followed byt ChatGPT's take on it: OpenAI to buy perhaps $10bn-worth of custom AI chips from Broadcom. Adding $200bn to Broadcom’s market value.. OpenAI revealed that Nvidia, Broadcom’s larger rival, would invest up to $100bn in it over several years while selling it graphics-processing un...

/ai /predictions

Dr Ritesh Jain

Dr Ritesh Jain Advisor at WorldBank

Programmable money: how we turn access into real, measurable inclusion

Programmability doesn’t replace access — it multiplies the value of access. That’s the simple but powerful idea behind India’s CD Token and similar initiatives: when money can carry rules, proofs and intent, we stop forcing people to fit into financial products and instead design products to fit people’s lives. Opening a bank account is necessary,...

/payments /inclusion

Bo Harald

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

From Chaos to Trust

Many of us - especielly in older generations - experience today’s digital world as chaotic — and what’s coming next with accelerating speed - can feel downright mind-spinning. Many feel that they have lost their sense of control, constantly resetting passwords and struggling to remember how each service works. Every site, app, and platform seems ...

/inclusion /identity

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