522 Results
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
A population of 5,5m (and some tourists) produced the following ATM volumes: Million times/billion €s: 2014: 145,1 million times/14,4billion € 2015: 137,1m/13,9bn 2016: 124,3m/13,0bn 2017: NA yet m/12,1bn So the rate of decline of €s has doubled to 7% in 2017 compared to 2015. Serious cost savings for all. Shops are not refusing cash yet - unlike S...
29 July 2018 /payments Payments strategies 2015-2020-2030
Central Bank statistics reveal continued growth in both banking contracts and its use for e-invoicing Consumers signed up: 2015: 6,230 million (entire population is 5,5 - so many are paying for service in more than one bank). 4,0 million use e-invoicing. Easy and convenient as mobile ad hoc or direct debit-like authorization is included. 2016: 6,4...
29 July 2018 Digital Banking Trends
The banking sector is doing most of the strong e-ID services needed in Finland. There are some 4000 organizations and all of the public sector using this services (dating back to the early 90s..). Central bank statistics reveal continuing strong growth also in 2017: 2014: 56,2 million times 2015: 69,4 2016: 84,7 2017: 100,9 (a suitable and very val...
29 July 2018 Banking Strategy, Digital and Transformation
Eminent article by Markus Hautala - head of Blockchain Solutions at Tieto "Any thriving economy depends on the availability and free movement of skilled labour, products and services. Data has for centuries been an integral element in facilitating the movement of these assets. For the casual observer, it might seem that – thanks to the inter...
12 June 2018 Innovation in Financial Services
I sit on a fair number of boards and project steering groups (start-ups, established, traditional, think-tanks and government bodies) and act as an independent advisor in the digitalization area. What strikes me: - Most of us have heard and read about the radical techno-driven future. How data is the key part of any business and public sector steer...
27 April 2018 Innovation in Financial Services
Next step - e-invoicing05 November 2008 | 2575 views | 0 It is evident - paper invoices will disappear from the business to business and business to government sectors and then later in practice also in the business to consumer/government to citizen area. The 5 mega-class reasons are exceptionally powerful and clear to see. Everyone will bene...
21 April 2018 Digital Banking Trends
Had a discussion (in 2008) with a representative of a consumer organization at a conference in Brussels. It did strike me - again - how little interest these organizations have to further cost cutting in enterprises - in this case by moving to e-invoicing. The cost of paper invoicing to the consumer segment in EU can be estimated to over 40bn€ a y...
15 April 2018 /payments Digital Banking Trends
Summarizing milestones - my own experience mostly based on Fintech in Finland. (Union Bank of Finland>Merita Bank>MeritaNordbanken>Nordea Bank, Mobey Forum, Visa Advisory board, EU Expert Groups, Real Time Economy Program, Tieto, MyData etc): 1950s - Strong emphasis on payment standardization and four corner models > competition
25 March 2018 Digital Banking Trends
Economy of Repetition has for long been a huge lever when it comes to speed up adoption of new services. A familiar and often used tool is what customers and citizens at large have the right to expect. We experienced this when actors in both the public and private sectors started to use e-banking login-tool-based e-id services. Now this is omnipres...
13 March 2018 Digital Banking Trends
For quite some time it has been clear that data is the new oil (not the best term - as oil is consumed while data improves when used) and trust the new currency. The opportunities to improve services and productivity by new levels of AI are immense. But how the next phase should play out concretely and how soon has to many been shrouded in mystery...
28 February 2018 /ai Digital Banking Trends
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