Latest opinions that Bo Harald has shared on Finextra

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Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

Member since

04 Nov 2008

Location

Helsinki Region

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Bo's opinions

Innovator's new dilemma

I have lately been busy with a new focus on innovations. We now have more ingredients for doing more new things and old things differently with technology than ever before. Recessions are often the time for better reflection and new approaches. This recession may even form the base for a mental shift - away from mindless consumerism, blind quarter...

05 April 2009 Innovation in Financial Services

Innovation will continue..

Google was developed through the bust. Facebook was developed through the bust. And they are not the last ones - good ideas will be bottled up and released with vigor very soon. Interesting interview. What about the real time scoring - pay later Paypal concept? Can it be cost-effective? Can it be reliable? Is normal bank scoring missing changes

15 March 2009

Join the cause - it is up to us..

http://apps.facebook.com/causes/60512?m=3f1cca43

13 March 2009 /payments

Standard feature in any e-bank..

By now it should be clear that any e-bank for consumers should receive e-invoices for one-click approval. Before that the service is just a typewriter - to fill in lots of details and lenghty reference numbers. Salary/pension/direct debit advices etc statements should also be just one click away from the credit transaction. Any SME-e-banking sho...

08 March 2009 /payments Transaction Banking

Take the easy way - the only way

Take the easy way - the only way There is still some debate going on in relation to the implementation of easier VAT-rules for invoicing in EU. It is difficult to see any valid counter-arguments to equal-treatment implementation (no additional regulatory demands on e-invoices) especially as: 1. move from paper to e-invoices improves auditability d...

07 March 2009

Banks - time to deliver new customer value

Banks - especially Investment banks - are now being squeezed from all sides - revaluation of securitized papers to unrealistically low market price levels, losses from credit books as economies nosedive, new costs from all sorts of more or less needed regulation, restructuring costs etc - all also leading to higher funding costs. On the other hand...

16 February 2009 /payments Innovation in Financial Services

Nobody in their right mind...

Nobody in their right mind would do crossborder e-invoicing - if you listen to the seemingly endless listing of different legal, tax and even fraud risks - said DHL's speaker at an e-invoicing conference recently. "But we do it - and it is quite successful" (freely quoted). This is not surprising for us from Nordic countries where (more ...

01 February 2009

Return to Sender

Serious message to senders of paper - or otherwise unstructured - invoices - and in the next stage: orders, confirmations, rfis, account statements - you name it...

30 January 2009

EU Expert group - great progress

The midterm report was approved yesterday. It should - in addition to provide the state of the art reading on the subject - make it very clear that the work is open, nonpartisan, inclusive, technology neutral and in all aspect aiming at making e-invoicing easy and economical for all parties. The overriding goal is to make it possible for SMEs to ...

28 January 2009