the future of work

Three people in a KYC meeting

The Future of KYC/AML Compliance

Ankit Tanwar Leave a comment

KYC (Know Your Customer) and AML (Anti-Money Laundering) have always been crucial components of the financial industry. With an ever-growing interconnected global economy, ensuring the legitimacy of transactions and protecting against fraudulent activities is paramount. The processes are not without their challenges: Time-Consuming: The traditional process can be lengthy, requiring multiple documents and verification steps. Expensive: With manual processes, the cost of compliance can skyrocket. Inconsistent Regulations: Different countries have…

Demystifying Real-Time Data

Ankit Tanwar Leave a comment

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…

a woman doing breathing exercises

Can Data Analytics Improve Workplace Well-being

Clara Khoo Leave a comment

While there are many factors that can increase stress levels in individuals today, the workplace is one of the most prominent causes. Prolonged stress increases the chances of poor mental health among individuals which lead to other symptoms like insomnia, perpetual fatigue, irritability and lack of concentration. According to the World Economic Forum, individuals are now more likely to prioritize their health and well-being emerging from the pandemic.

Work-Life Balance

Clara Khoo Leave a comment

Moving out of the pandemic, many people are starting to prioritize work-life balance more than ever before. This manifests itself in job searches by having “work-life balance” as a soft factor, alongside hard factors like pay. Individuals would also much rather work for companies that have values aligning with their own.

The Future of Remote Work

Clara Khoo Leave a comment

In the recent Twitter saga, Elon Musk has mandated employees to return to office for work. The remote work arrangement gained popularity during the pandemic. However, because the pandemic was not a planned event, this arrangement is considered an anomaly and is oftentimes not stipulated in contractual agreements.

The Challenge of Digital Adoption

Clara Khoo Leave a comment

The technology adoption lifecycle is a model that describes the rate of adoption of new innovations. While this rate varies from individual to individual, it is even harder for an entire organization to unanimously adopt new technology.

Process Discovery

Clara Khoo Leave a comment

Process discovery is a way organizations view and map end-to-end business processes to understand workflow and uncover deviations and bottlenecks which go unnoticed. This is valuable information to firms looking to boost productivity, streamline processes and increase profitability.

How To: Effectively Manage Staff Workload

Clara Khoo Leave a comment

In any organization, staffing management is an essential factor in ensuring that the company is effectively utilizing their resources. According to EconomicsDiscussion, it ensures that all employees are given a role to execute, and that it is done well. However, this is easier said than done.

Hidden Inefficiencies: Toggling Between Applications

Clara Khoo Leave a comment

What do you think is one of the biggest inefficiencies in a company? Could it be silo-ed departments that reduce transparency, or perhaps even poor systems? It might surprise many that one of the greatest inefficiencies stems from toggling between applications.