• Blockchain, cryptocurrencies and the future of banking

    Blockchain, cryptocurrencies and the future of banking

    The current conventional banking system makes it hard for banks to interoperate with each other. In order to overcome those issues, banks set up huge back offices with lots of staff to deal with huge piles of paperwork. Now a new technology is being tested that is set to change the entire system. Blockchain technology makes it possible to transfer funds between one wallet to another within minutes without having to go through the red tape. All it takes is the initial consent from both the parties and a confirmation from the participants of the network.Blockchain technology undermines the ‘middle-man’ business model. It makes it... Read More

  • 6 Steps To Stay Ahead Of Regulatory Change

    6 Steps To Stay Ahead Of Regulatory Change

    Regulation persists as a major challenge for the banking industry and Financial Services Institutions. The sheer volume and the complexity of these updates are often a laborious and up-hill battle. A recent survey polled the responses of 123 compliance professionals across North America & Europe where 19% of the respondents reported taking up to a year to implement regulatory changes!Over the last few years, banks have had to deal with an ever-increasing number of overlapping regulations established by a diverse, uncoordinated set of regulators across many locations. In short, the pace and complexity of regulatory change significantly... Read More

  • Get ready for non-browning GMO Apples

    Get ready for non-browning GMO Apples

    We all get put off when freshly cut apples start browning moments later. Now there is a new entry of genetically engineered apples set to arrive in select markets of the midwest this February and March.   These genetically modified Golden Delicious variants are called the Arctic Apples and are produced by the Okanagan Specialty Fruits, based in British Columbia, Canada. The Arctic Apple uses a technology called RNA interference, sometimes called gene silencing. The target is the gene in the apple that controls production of the enzyme that makes it turn brown. When scientists added an extra strand of RNA, that gene was effectively switched... Read More

  • 10 Bad Hiring Processes You Should Steer Clear Of

    10 Bad Hiring Processes You Should Steer Clear Of

    Recruitment may seem like an easy operation, but it isn’t. A lot rides upon the fact that successful recruitment brings you a really desired candidate and an unsuccessful recruitment brings a candidate who you might want to get rid of or who is not aligned with your business processes.When a seemingly desirable employee goes rogue, he either gets fired or leaves on his own accord. However, a bad hire is not very cost-effective. Not only do you go back to square one with the hiring process, but you also are under more pressure now because the last hire went bad.So, what went wrong? Was the candidate really bad or was your hiring process... Read More

  • 10 Alarming Reasons Why Your Employee Turnover Might Go Out Of Control

    10 Alarming Reasons Why Your Employee Turnover Might Go Out Of Control

    Employees leave a workplace due to two primary reasons – you fired them or they quit. Nonetheless, their painful absence is felt the very next day when you again have to grudgingly begin a hiring process to replace them.In retrospective, if your business is turning up high employee turnover figures, the hiring process becomes really costly. Don’t you think something is going wrong somewhere? A research by CAP suggests that it costs around $3,000 to find a suitable candidate, hire them and train them for a job that generally pays $10-12 an hour. This suggests that you can make amends before things go wrong.Why Does Employee Turnover Go... Read More

  • Managing Millennials at your Workplace Effectively

    Managing Millennials at your Workplace Effectively

    Research suggests that in 10 years or so, around 75% of our country’s workforce will comprise of millennials. If you are unsure about who the millennials exactly are – take a look around your workplace; the younger-looking workers are most probably the millennials. Millennials are termed as the current generation of young adults born around 1982 and 2002.So, why do millennials need to be managed? Aren’t the younger folks considered really tech-savvy, more outgoing and smarter than the boomer generation (the older and more experienced employees in the workplace)? Not exactly, the issue is that the boomer generation had to work really hard... Read More