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Last week I wrote about transparency of decision making as transparency builds trust. Staff can see how the values of the organisation have been applied.

But what if your organisational values are obfuscated? That is, you have not stated them explicitly, explained them or done your best to ensure all staff understand them?

First, staff may be confused as to how the organisation’s values have been applied in a given situation. Worse, leaders may chop and change when applying values to decisions the

Tea tree oil is being recognized as the most popular essential oils due to its wide range of uses and miraculous benefits that are as varied as curing an irritating blemish overnight or deep cleaning the sink of a bathroom. The chemicals in a tea tree oil are capable of killing bacteria and fungus, due to which they have been used for centuries as an antiseptic for burns or cuts. The oil can even reduce allergic skin reactions, i.e., it is safe for even the most sensitive skin types. It is an al

Open Banking Expo is to launch its first event in Toronto in collaboration with Equifax Canada Co. Open Banking: A Canadian Lens will address the opportunities and risks that Open Banking presents should legislative action take place as a result of the consultation Finance Canada completed in January 2019.

The half-day event will take place on September 18, 2019 in Toronto’s financial district. It will bring together a C-level audience from the financial services sector, providing them with an un

Open Banking Expo will bring together the innovators, disruptors and visionaries who will shape the future of Open Banking. Leaders and experts from financial services, fintech and regulation will reveal lessons learned from year one and what Open Banking 2.0 looks like.

This year’s event is again headlined by the developer of the first-to-market Open Banking API, OpenWrks, and will be held on Wednesday, 13th November 2019 at etc. venues near St Paul’s Cathedral in London. More than 400 senior e

Open Banking Expo has launched its first European event in Amsterdam, in collaboration with Token, which will address the opportunities and risks that Open Banking presents as the financial services sector prepares to roll out the PSD2 directive.

With PSD2 due to go live on 14 September, this event will take place on 4 October 2019, and will bring together a C-level audience from the financial services sector, providing them with an unrivalled forum for ideas, connections and deals in Open Banki

Most people do not understand why organizations need dedicated erm software solutions to manage enterprise risk, but that is only because most people do not understand how vital enterprise risk management can be. Managing risks is simple in our personal lives and for small businesses, because only a few risks need to be worried about. There is no need to quantify and assess these risks, because it is easy to keep track of them all due to their low quantity and small size. However, when we start

Auditing is an essential part of most organizations, yet it can be incredibly inefficient. Businesses conduct audits because they need audits to find out about problems within their own organization. The question we have now is – can we improve the problems that plague auditing? Is audit management software the answer? Let’s take a look at the role of internal audits and the problems that businesses face in auditing. 

The role of internal audits 

Here is something we all need to understand – no bu

The advancements in technology lead to growing online working machinery. These days the process of keeping up with new technologies, security trends and threat intelligence is a challenging task. However, digital identity verification solutions are necessary to protect information and other assets from cyber threats, which take many forms. Digital Identity proofing is a useful tool to identify and scrutinized the forged identity with real-world identities.

Identity comes into play when it comes t

We can see a lot of benefits from GRC in a world of businesses. Most of the organizations in today’s world are being seen transforming their systems to GRC and those who are already having GRC tools implemented into their organizations are upgrading their systems to the most modern and latest ones. We have seen immense benefits from GRC solutions in managing risk, audit, compliance, documentation, change management etc. We are also very sure the solution that were having a decade ago, were diffe

If you have been thinking about a credit freeze, you probably should know that the process is designed so that a creditor cannot see your credit report unless you specifically allow it. This process blocks any potential creditors from viewing or pulling your file, which makes it much more difficult for an identity thief to apply for new credit using your name or information. For links to freeze your credit at the 3 major bureaus go to How to Freeze My Credit. However, there have been reports of

There are 12 categories of awards, recognizing teams and leaders from across customer, claims and innovation units, as well as from product, business, brokering and leadership positions. The ‘North American Business Transformation of the Year’ category recognizes an organization who has significantly transformed how their business operates over the past three years and are seeing tangible benefits from this transformation. The judges were tasked with identifying the greatest impacts from technol

The world of risk management can no longer be ruled by the quants, they had their time of complicating something very simple and easy. The Future of Risk Management lies with the gamers.

When we look at formal risk management as we know it today, it is moving out of the teenage years and the make-up of the future Chief Risk Officers will be very different to the past of “quantified” risk reports, based on historic data and produced (normally too late) by one department in the organisation.

Future

The global wireless charging market was valued at $XX billion in 2017 and is projected to reach $XX billion by 2023, registering a compound annual growth rate (CAGR) of XX% between 2018 and 2023. Wireless charging or power transfer takes place when energy is transferred as electromagnetic waves from a transmitter to a receiver. Inductive wireless charging is currently the most adopted solution for wireless charging and accounts for approximately XX% of the global wireless charging market in 2017

With insurance companies facing an average of 113 targeted breaches a year, it can be argued that cybersecurity is one risk the insurance industry is not prepared for. Prominent breaches, such as the Premera Blue Cross and Anthem attacks, saw a combined 90 million customer records fall into the hands of nefarious actors and the subsequent damage to both customers and carriers cannot be underestimated.

And yet, from this growing trend, opportunities are increasing; the sector is largely untapped,

In my blog last week I wrote about unconscious bias and the role of advisers in helping decision makers understand their biases, so they have more clarity in their decision making. However, having clarity of one’s own decision making is not enough, you also need transparency. 

Transparencies (remember those sheets of plastic on a projector) for presentations were quite the thing back in the latter stages of the last century. Like transparencies, keeping staff in the dark about decision making in

Depending where you are in the world, to get an ounce of gold can mean having to mine up to 18 tons of dirt, to obtain it. The gold is valuable and prized, whilst the dirt valueless and piled up. In parallel, the digital revolution in organisations, is accumulating ever more piles of data in pursuit of the valuable and prized outcomes of productivity, innovation and customer satisfaction. But that’s where this analogy ends, because in our digital world; data growth is no longer in proportion to

The recent move from product-centric policy to customer-centric service is a real shift for the insurance industry with more and more carriers looking to become a partner for their customer rather than just a claims centre. With such a change in mindset there is now a sharpened focus on innovative technologies, improved services and meeting customer expectations for insurance products.

Now, insurance carriers are moving beyond customer experience and towards customer engagement. Delivering perso

Most people fear the word audit- because most of them don’t work in auditing. When we hear that audits are going on in our company, we know that the auditors will be checking everything to make sure things are being done right. We are afraid that they may find a mistake we made and then we will get in trouble because of it. While auditing may seem like a scary process to go through, it is an essential process. Audits allow management to discover key areas of concern and highlight any vulnerabili

The digital industry has witnessed a massive transformation, owing to the rise of IoT devices and its application in various industries. In order to utilize the benefits of these devices, IoT security measures are adopted to prevent any malicious or illicit activity from affecting the devices. Moreover, concerns related to data breach and increased incidents of cybercrime are also leading to increased investment to develop secure network solutions and services. Factors such as rise in number of