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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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Brett King CEO & Founder at Moven
I've been at the E-Money, Cards and Payments conference in Moscow today. Coming off the back of SIBOS it is quite interesting to have a discussion not just about payments, but around modality and the emergence of strong mobile payments methodologies and practices. We already know that checks/cheques are in terminal decline, but when you bring up t...
11 November 2010 /payments
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Very spot on article in The Economist. Some snippets (emphasis mine) and comments: - “productivity growth is the closest economics gets to a magic elixir, especially for ageing advanced economies” - productivity depends on skills (my favorite: learning by doing – by moving around and up the ladder..), capital invested in tools (mostly IT) and the p...
10 November 2010 /payments /retail
John Cant Managing Director at MPI Europe Ltd
Twitter has been referred to as the Marmite of social media. You either love it or you hate it. I must admit that despite being a regular tweeter, I have been having mixed feelings about this channel over the months. Some days I think it is great, when I find out something, or connect to someone that I could not have done through traditional mea
10 November 2010 /retail
Thankfully, I think we are almost at the point of having serious conversations about how social media can be utilized in most organizations, rather than still asking the question "Is Social Media just a fad?". However, there are some massive misconceptions on what social media will do for the organization. As a result, often we aren't ev...
08 November 2010 /retail
Retired Member
“New mobile services have been established as stand-alone entities in their own right, with no integration into existing delivery channels, or indeed across other areas of the bank…The key to the successful and ultimately profitable utilisation of mobile within financial services is a clear and precise understanding of where it can add value and w...
05 November 2010
The proposal states: “The requirement of authenticity and the integrity of the content will remain as abstract conditions for the sales tax approval of electronic invoices, but the other requirements for electronic invoices will be abandoned. So, there will be no technical requirements anymore that need to be meet by a German company. “As with pape...
05 November 2010 /payments
According to current statistics, Facebook has more than 500 million ACTIVE users, 50% of whom use Facebook everyday, 200 million of these users interact via mobile daily, and around half of the Top sites in the world are integrated with Facebook. PayPal recently announced integration of micropayments into Facebook's platform. Facebook also announ...
04 November 2010 /payments
AT SIBOS we heard Ossi Leikola of Nordea Bank describing how it is already today possible for an e-invoice sender to get his payment in less than 30 minutes after having sent the invoice - the target being to make it much faster. I have to confess that I felt quite proud. This is the new customer value that banks moving into extended payments can ...
http://www.swift.com/resources/documents/supply_trade_article_casterman_opinion.pdf André Casterman of SWIFT makes a good case for it in the enclosed article.
31 October 2010 /payments
For most of us it is self-evident that unstructured invoicing is an anachronistic relic that will soon be history. It is also obvious that the solution to getting the enterprise mass market and consumers onboard is to get the banks to take their responsibility and see the more than evident business case. The arguments are well known: 1. invoicing ...
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