Getting your GRC into the hands of decision makers

“Risk Culture – the values, beliefs, knowledge, attitudes and understanding about risk shared by a group of people with a common purpose.” Institute of Risk Management To successfully influence risk culture, we need great structural mechanisms or formal arrangements that support strong risk management practices in our systems, policies, procedures, and governance – and – …

Educators promote parental involvement in education plans

WASHINGTON COUNTY, Md. – Toni Nelson is the coordinator of the Family Support Resource Center, and she assists parents of children and young adults with special needs. However, she too, has personal experience in the matter. “My son completed his education at the age of 21, and that encouraged him to get more job skills,” …

Blockchain for Business Series: Understanding Business and Technological Design Imperatives of Central Bank Digital Currency (CBDC)

Introduction: What is Central Bank Digital Currency (CBDC) and Why Is It Important? In this post we plan to expend some time and energy in understanding Central Bank Digital Currency or CBDC. While the notion of “Central Banks” implies centralized control and governance structure the term itself may be against the doctrine of decentralization which lays …

The Bermuda Triangle: poor financial knowledge

The good news first: Germans are putting their money away for a rainy day again. While they saved EUR 9 on average out of EUR 100 in 2013, it was already EUR 9.70 in 2016 with a continuing upward trend, as the Federal Statistical Office’s calculations for the first quarter of 2017 show. Germans are …

Moving to a Cloud-Based Core

The below articles was originally written by Ryan Derousseau and published February 14, 2018 by Bank Director. A small Kansas town with a population of less than 700 isn’t typically where you would expect to find a bank on the forefront of the future. But since Suresh Ramamurthi and his wife, Suchitra Padmanabhan, bought CBW …

Fintech and the power of Financial Inclusion in the developing world.

The industrial revolution was a revelation for many countries whose economies were able to advance at speeds not seen before. An unfortunate side effect of this was that the disparity between growth in the developed world and growth in the developing world, started to polarize exponentially at the same time and ultimately wealth and technical …

Real World Examples of How Artificial Intelligence Is Being Used In Financial Services

In last few years, Artificial Intelligence has made the transition from a research topic to the early stages of enterprise adoption. From voice-powered personal assistants like Siri and Alexa, a robot that defeats a world-renowned player, to a car that can parallel park itself, there are several examples of artificial intelligence in use today. But in several industries, much of …

Quote to Cash – Real Time Enablement

Quote to Cash (Q2C) is the most important business process covering the end to end process in sales lifecycle. Transportation of Q2C for digitalization is the best way to keep this lifecycle fast, real-time and accurate. When it comes to your sales cycle, speed is of the essence. Being able to act and respond quickly …

A College Grad’s Biggest “Adulting” Challenge: Managing Money

I am not a financial expert nor a certified financial advisor, so please take this article as sheer anecdotal evidence. These are the resources I used to get out of debt and manage my finances. What works for me will be completely different for you. You’re the only one responsible for your financial education Managing …

A blockchain explanation your parents could understand

It’s happening in an increasingly frequent manner: “Jamie, explain this blockchain stuff to me. I’ve read a bunch of articles and I’m no wiser.” The problem with most blockchain explainers is that they provide more detail than what matters to most people, using language that is foreign to most people, which winds up leaving people …