Demystifying Real Time Data: A Strategic Tool for Financial Institutions In today’s fast-changing financial world, modern financial institutions need to use real-time data. This new phase of digital transformation makes it crucial for decision-making and planning. It captures, analyzes, and uses data right away, turning it into insights that you can use at that moment. It lets you feel the pulse of financial markets, trends, and customer behaviors, giving you…
Know your customer (KYC) is a basic step in finance. It checks who customers are and measures risk. But now, there’s a new method called perpetual KYC (pKYC). The old KYC only checked customers once. With pKYC, that’s changing. It’s not just a one-time check anymore. It’s an ongoing process that keeps updating. So, what’s the difference? Regular KYC might update every 2, 8, or 10 years. pKYC keeps checking…
During the pandemic, companies had to resort to remote working arrangements but feared that it could lead to employees slacking off. As such, many made it mandatory for employees to install activity monitoring trackers on their devices despite productivity levels soaring during these times. These trackers are able to record things like keystrokes, number of minutes without activity, time spent on phone etc.
50% of work in organizations is ad-hoc and informal, making it hard to track the progression of tasks and goals in real-time or to get a meaningful measure of performance and profitability. Because of this, many organizations struggle to attain team goals.
According to the Harvard Business Review, companies need to design hybrid work arrangements with human concerns in mind. That requires companies to approach the problem from four different perspectives:
