How Innovation And Tech Drive Post-Crisis Growth, Compliantly

CEO and Founder of PerformLine, RegTech empowering organizations to proactively mitigate regulatory risk in consumer interaction channels.

In recent months, the pandemic has posed a unique set of challenges for members of the financial services industry: They must protect consumers and help those facing financial hardships, all while managing remote workforces and trying to keep up with new and changing regulations.

According to a recent McKinsey report that surveyed more than 200 executives, over three-quarters said that the fallout from the crisis will create significant new opportunities for growth in their industry, and the report shows that historically “companies that invest in innovation through a crisis outperform peers during the recovery.”

While the pandemic has undoubtedly contributed to the acceleration of technology adoption by consumers and organizations alike, several other key trends in compliance are playing a large part in its rapid growth and acceptance —

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Innovation is still possible while your team is working from home

Despite initial results, are executives and employees growing frustrated with working from home and concerned that it’s killing innovation? Yes, but there are other ways to foster innovation.

innovation lightbulbs

Image: iStock/EtiAmmos

Working from home is affecting all teams differently, but some believe it’s stifling innovation. A recent article in The Wall Street Journal featured excerpts from interviews with various CEOs regarding remote work. More than 60% of the comments were negative about the value and sustainability of working from home, and interestingly only one of those negative comments was related to the logistics and infrastructure of working from home, a common complaint among workers.

SEE: TechRepublic Premium editorial calendar: IT policies, checklists, toolkits, and research for download (TechRepublic Premium)

Also interesting was that concerns about productivity and quality of work only concerned a single CEO of a startup. The other executives who expressed a negative opinion of working from home were

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Purple Innovation Inc (NASDAQ:PRPL) CFO Craig Lee Phillips Sells 48,690 Shares of Stock

Purple Innovation Inc (NASDAQ:PRPL) CFO Craig Lee Phillips sold 48,690 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $24.00, for a total transaction of $1,168,560.00. Following the completion of the transaction, the chief financial officer now owns 54,310 shares of the company’s stock, valued at $1,303,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Craig Lee Phillips also recently made the following trade(s):

  • On Wednesday, September 23rd, Craig Lee Phillips sold 51,310 shares of Purple Innovation stock. The stock was sold at an average price of $23.89, for a total transaction of $1,225,795.90.

NASDAQ PRPL opened at $24.47 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.45 and a debt-to-equity ratio of 2.19. The stock has a market

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Dr. Richard Snellings For Sparta Board of Education – Integrity, Transparency, and Innovation

What goes into the school budget and how it is developed is of great importance to me.  I am mindful that the money the district spends comes from the community.  I will strive to make the budget process transparent to all stakeholders.

I will look to see where cost savings can be maximized.  I would like particular attention paid to improving efficiencies through shared services with Sparta Township.  I would also strive to reduce spending through better management of capital expenditures.  

As a managing partner and Vice President of a large radiology practice with over 20 locations, I make decisions on a daily basis to balance budgets and improve cost efficiencies.  I believe that this experience can be valuable to the board and bring positive change that will benefit our community.

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Indonesian Regulators and Fintech Firms are Focused on Balancing Regulations with Responsible Innovation

Indonesia’s regulatory authorities and local Fintech firms have been focused on creating a balance that will support innovative projects in the country, while maintaining regulatory guidelines that ensure consumer protection.

Triyono, the head of Indonesia’s Financial Services Authority (OJK), stated on September 25, 2020, that the regulator would be adopting a “light touch and safe harbor approach” in order to encourage “responsible” innovation, which would ensure security, consumer protection, and properly managed risks.

As first reported by the Jakarta Post, Triyono has said that it’s really important to adopt a balanced approach to regulating Fintech businesses in the country. He added:

“It means no regulation violation, for example, and also certainly brings good benefits to society, handling customers very well and data protection.”

Triyono further noted that the COVID-19 crisis has accelerated the shift towards the increased use and switch to all-digital Fintech platforms. But the financial sector in Indonesia

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Nestle accelerator to drive dairy, plant-based innovation | 2020-09-28

KONOLFINGEN, SWITZERLAND – Nestle SA has launched a research and development accelerator in Konolfingen focused on dairy and plant-based dairy alternatives. The accelerator will serve startups, students and scientists and help bring products from ideation to commercialization.

“Innovation in milk products and plant-based dairy alternatives is core to Nestle’s portfolio strategy, as well as our sustainability agenda,” said Mark Schneider, chief executive officer. “As a company, we have set ambitious climate goals. This is part of our promise to develop products that are good for you and good for the planet.”

Through the accelerator, researchers will have access to Nestle’s expertise and equipment to facilitate the upscaling of products for a test launch in a retail environment, according to the company. The project is part of Nestle’s global R&D accelerator initiative that was launched in April 2019.

“Our goal is to provide startups, students and Nestle scientists with key resources

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QU launches 8th edition of ‘Innovation & Entrepreneurship’ contest

In an effort to encourage innovation among young people and support new business ideas, Qatar University (QU) has launched the eighth edition of its ‘Innovation & Entrepreneurship’ contest for the 2020-2021 academic year.

In a virtual ceremony organised by QU’s College of Business and Economics and College of Engineering, the contest opened its application process for students.

With Qatar’s economy facing challenges ranging from geopolitical tensions to the global covid19 pandemic,  the university announced that this year’s competition will focus on creating business ideas and innovation that can help the country in building a knowledge-based economy.

“The contest is designed to spread awareness about the importance of entrepreneurial activities, trigger the entrepreneurial skills of QU students and engage them on how to develop sound business plans. When they graduate, our students will enter a highly competitive business environment in Qatar,” said CENG Dean Dr. Khalid Kamal Naji.

Naji added that

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Agility is the key in IIoT innovation

28 September 2020

Agility is the key to driving forward digital transformation in industrial applications into 2021 and beyond, according to Linda Tsai, IIoT president of Advantech.

Speaking at the organisation’s first ever Global IIoT Virtual Summit, entitled ‘Connecting Industrial IoT Innovation, ’ Tsai said that figures from IDC suggest that by 2025, there will be 41.6 billion IoT devices in use worldwide, generating 79.4 zettabytes of data. She said: “Connected devices will pervade every aspect of our personal and business lives, and a complex mix of technology and infrastructure will be more crucial than ever to harnessing the power of the data generated by these devices. 

Identifying key technology trends for 2021 Tsai mentioned digital transformation, 5G, decoupling, device-to-cloud digitalisation, empowered edge and artificial intelligence (AI).

According to the GSMA Mobile Economy 2019 Report, 5G will contribute more than US$2 trillion to the global economy up to 2035, of

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Oslo Innovation Week is bringing impactful and scalable solutions to global challenges

Further Education News

The FE News Channel gives you the latest education news and updates on emerging education strategies and the #FutureofEducation and the #FutureofWork.

Providing trustworthy and positive Further Education news and views since 2003, we are a digital news channel with a mixture of written word articles, podcasts and videos. Our specialisation is providing you with a mixture of the latest education news, our stance is always positive, sector building and sharing different perspectives and views from thought leaders, to provide you with a think tank of new ideas and solutions to bring the education sector together and come up with new innovative solutions and ideas.

FE News publish exclusive peer to peer thought leadership articles from our feature writers, as well as user generated content across our network of over 3000 Newsrooms, offering multiple sources of the latest education news across the Education and Employability sectors.

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