What’s arguably the most important risk you should avoid? It’s the risk of doing nothing, to remain idle, Mihai Stroe, who helped us put this article together, told us. That’s why this blog is a go-to guide for your organisation to review key aspects of the Operational Risk Management (ORM) …
In the busy market of buzzwords, technology convergence doesn’t have a place, at least not yet. Maybe, what may come out of the conjunction of these two words isn’t yet that apparent to the human mind. What our reality makes obvious is that technology, notably the one based on bits, …
Will you unconditionally rely on the actuarial work performed by others? As an actuary, you make important decisions daily —you select a better model to make projections, provide management with forecasts on profitability, report to the regulator on the strengths of booked reserves, the capital position and many others. At …
The point we’ve reached, this fast-paced world we live in where 2.5 quintillion bytes of data are produced every single day, needs fast-paced intelligence that befriends a couple of chummy and efficient robots. Only in 2020 —the unforgettable year of the pandemic— each of us generated, on average, 1.7MB of …
Although product and service innovation is, more often than not, driven by unhappy customers whose demands for seamless, delightful and outcome-driven experiences are not being met, it’s up to smart, visionary businesses to seize the opportunity and, nimbly, cover those needs. In the pandemic (and post-pandemic) world the need for …
Corporate banking is growing in importance to not only Luxembourg’s economy but also to ensure a successful future for the banking sector. Corporate banks need to differentiate themselves and generate real value and that translates into responding to increasing challenges such as cost discipline, related to end-to-end process streamlining, for …
Is your approach to compliance fit for the present and for what the future holds? There is a very common human response when someone hears the word “compliance”, as if it was embedded in our genes: most people go, “oh compliance”, and they frown or twist their mouths. Let’s be …
The world is going digital and the trend is unstoppable. In the kingdom of bites, big data and algorithms, businesses have reached the point where Excel spreadsheets are old-school; they aren’t only sufficient but also inefficient. This is where postmodern ERP (Enterprise Resource Planning) softwares comes into play. In this …
By now, the business benefits of moving to the cloud aren’t questioned anymore. In fact, the adoption of cloud has followed a similar path than any other new technology. It needed first to be perceived as useful and easy to use. After all, the adoption of any digital technology always …
“To quota or not to quota” to accelerate women’s participation in boards and, in general, in leadership positions? To some, that’s the way to walk faster on the sometimes rocky path to achieving gender parity. Like in all human-centred matters, when it comes to diversity matters nothing is black or …
