Speech today

Speach to students and supporters at Aalto University innovation workshop. Dear innovators, We are now entering a very fascinating era – the data-driven economy - where so many megatrends converge....

Fintech

Banks have it all

Blog nbr 400. The benefits of moving faster to a Data-driven Economy are clear. The mission in short: better service, mega-shift in productivity, sustainability through less waste and CO2, fact-based...

Banking Strategy, Digital and Transformation

Path to the Data-driven Economy

What does a Data-driven Economy mission mean? In short: better service, mega-shift in productivity, sustainability through less waste and CO2, fact-based decisions, true single European market, globa...

Open Innovation Ecosystems

Finding inflation - or rather deflation - with real time data.

The Economist article also describes how policy makers and central banks often have to resort to outdated price data and how sudden important changes typically are in a global economy. So when they fi...

Bigger than Technology

My Real Time Data

Ever so happy with the response to my presentation at the EU-conference today. A few slides when I manage (should delete blog in the meantime - but Ipadversion not easy..)

Futile inflation chasing

The 0-interest policy in the euro area has been defended by the need to get inflation up to 2%. I have been wondering how that can be possible when cost of work, energy, material, tax and financing ge...

Artificial Intelligence and Financial Services

Megatrends - what will they mean for my organisation?

My top 5: 1. Climate crisis awareness growing exponentially. Overconsumption and overpopulation (5 billion! more than 70 years ago) on everybody's mind. This will force enterprises to change fast. Own...

Open Innovation Ecosystems

e-Banking and e-invoicing growing to 100 pct

Central Bank statistics in Finland reveal continued growth in both e-banking contracts and its use for e-invoicing Consumers signed up: 2015: 6,230 million (entire population is 5,5 - so many are pay...

Electronic invoicing

e-id - central part of banking services - huge growth in Finland

The banking sector is doing in practical terms all the strong e-ID transactions needed in Finland. There are some 3 600 organizations and all of the public sector using this services (dating back to t...

Digital Banking Trends

Demise of cash speeding up in Finland

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: 12,1bn€ 201...

Digital Banking Trends

Japan for data driven economy

More here https://g20-digital.go.jp/interview/bo_harald/ : Society should see to it that banks do their very central part as data service providers. They have most of the assets.

Digital Banking Trends

The Time is Now

The data driven economy will lead to both massive productivity improvements and an entirely new level of personalised services. This has been worked on in programs like Real Time Economy (RTE) in Finl...

Bigger than Technology