January 13, 2016

Board Governance: Higher Expectations, but Better Practices?

Although Banks have made significant progress toward meeting regulatory expectations in this area, necessary changes have not yet been implemented at several institutions. For example, 30% of Banks have not formalized in their board charters a requirement for the risk committee to approve the Bank’s risk governance framework, as required under EPS. A similar 30% are yet to require their board (or the risk committee) to perform an annual self-assessment, as expected by the OCC. Finally, about 20% of Banks have not yet formalized the requirement that their board (or the risk committee) annually approve the institution’s risk appetite statement (a key component of the risk governance framework), as required by the OCC.


Data Privacy Reform Is Wreaking Havoc

From a legislative viewpoint, the matter of “where data resides” is critical as these new data privacy rules roll out. The Ovum research underscores that when it comes to the physical location of data, there is uncertainty and confusion. Until now, a key benefit of the cloud was that businesses no longer needed to concern themselves with the physical location of their data. It was stored off-site, for all to share, as needed. Now, with the European Union (EU), Israel and the United States beefing up regulations with the goal of stopping the flood of data leaks and stolen information, businesses must shift their approach to the cloud in a fundamental way. Suddenly, the location controlling the physical path of data matters.


4 Ways To Be A More Resilient Leader

Why resiliency? Last year I wrote about employer brand and candidate experience. Subsequent conversations with friends, family and clients made me realize organizations, and employees, and people, need more than a strong brand and the intent to engage and create a positive experience for employees and potential talent. We need resilient organizations with flexible, resourceful leaders to create the most productive work culture for people. Most organizations make a plan and figure that will get them where they need to go. But much of the time things don’t go according to plan, and people lose heart and focus. Employees start asking the same questions every day, betraying their unease and uncertainty.


Learn any of these 16 programming languages and you'll always have a job

"Software is eating the world," venture capitalist Marc Andreessen famously declared. Someone has to write that software. Why not you? There are thousands of programming languages, but some are far more popular than others. When a company goes out to find new programming talent, they're looking for people familiar with the languages and systems they already use - even as new languages like Apple Swift start to make a splash. Here are the programming languages you should learn if you always want to have a job, as suggested by the popular TIOBE Index.


The best web browser to replace obsolete Internet Explorer is...

The easiest way to get a new, supported browser is to simply upgrade to IE 11. You can do that in two ways: Download the installer from Microsoft--be wary of getting it from third-party websites---and simply install it. Or, you can simply update your system. Either way works perfectly well whether you're moving from IE 8, 9 or 10 to 11. ... Chrome, 501, barely edged out Opera, 500 for the top spot. Firefox took third with 448. And, once more eating the dust of the others, came IE with 336. The numbers make it obvious. When you replace IE 8, 9 or 10 on Windows 7, Chrome is easily the best choice. Opera, which has become the forgotten browser, also deserves some attention. Firefox, which has had more than its fair share of troubles, doesn't appear to be a good choice.


The Internet of Things is wasted without risk-taking

Productive data analysis requires an open mind. While it is undoubtedly important to improve business efficiency and utilise data for maximising profitability, the greatest innovations are typically born out of business opportunities created in completely new markets or sectors. The most lucrative jackpots are ideas that cannot be foreseen before data analysis. Let us discuss a few examples. Elevator companies provide services to large masses of people on a daily basis, which means they possess a large amount of data on the movements of their users. This data could be utilised in planning parking facilities, developing restaurant services or ensuring security. Another example could be a crane company with a hundred active cranes operating in the middle of a large city. 


2015 was a tipping point for six technologies

Smartphones with the capabilities of today’s iPhone will cost less than $50 by 2020. By then, the efforts of Facebook, Google, OneWeb, and SpaceX to blanket the Earth with inexpensive Web access through drones, balloons, and microsatellites will surely bear fruit. This means we will see another 3 billion people come on line. This will be particularly transformative for the developing world. Soon, everyone will have access to the ocean of knowledge on the Internet. They’ll be able to learn about scientific advances as they happen. Social media will enable billions of people to share their experiences and help one another. Farmers will be able learn how to improve crop yields. And those are but a few examples.


Global telecommunications: 2016 outlook

Wireless spectrum is essential to all wireless networks for over-the-air transmission of analog and digital signals including voice, video and data. The value of spectrum in the FCC’s latest auction rose significantly above prior auctions and the secondary market, underscoring the need for more of this resource. ... Revenue growth for Europe’s telecom industry in 2016 will depend largely on the ability to stimulate and monetize demand for data amid a tepid economic recovery in Europe and regulatory uncertainty. Fixed-mobile convergence will set the tone of competition with varying levels of promotional activity across countries. Potential consolidation in Italy and the U.K., even with stricter remedy requirements, support pricing power. Capital spending will moderate as 4G networks near completion.


For the First Time, More Are Mobile-Banking Than Going to a Branch

For the first time ever, there are more of you than people who actually walked into a branch in 2015, according to a new survey by Javelin Strategy & Research, a unit of financial-industry research firm Greenwich Associates. Last year, roughly 30% of adults in the U.S. used a mobile banking service weekly, while just 24% availed themselves of a physical branch service as often, Javelin’s survey of 3,100 people found. That’s the first time in the history of the survey that mobile users (and that means just smartphones and tablets, not via desktop computers) outpaced branch users, Javelin said. In 2015, one in ten consumers used mobile banking for the first time, or roughly 25 million people. Since 2010 the number of smartphone bankers has doubled, while the number of people using a tablet has jumped nearly 10 times, Javelin found.



Quote for the day:


"Progress is impossible without change and those who cannot change their minds cannot change anything." -- George B. Shaw