Today, maintaining Artificial Intelligence (AI) in Banking Compliance in the financial regulatory environment requires much more than just managing numbers. As per certain regulations, monitoring fraudulent trading practices isn’t enough and the firms are also required to monitor communications throughout a transaction or trade life cycle. For this, it’s important to obtain additional information regarding monitored users and their activities. Such information might include relationship discrepancies, behavior anomalies or any other fluctuations in trade data or communication. Continue reading “Role of Artificial Intelligence (AI) in Banking Compliance”
Most of the people are aware of the laws protecting employees from harassment and discrimination but very few know that there are also laws protecting from Workplace Retaliation. In this digital era, the social media is increasingly being used by the employees for complaining about their employers or employees. Consequently, employment-law retaliation claims, concerning social media activity, has also gained prominence. In light of certain laws, the employers need to think about their social media policies carefully to avoid legal liabilities. Continue reading “Workplace Retaliation: Laws and Concerns in the Digital Era”
Just like ‘too little care’, ‘too much care’ could also be detrimental to patients. Over the past few decades, the testing and treatment options in the medical education arena have increased manifold. The patients are being subjected to over-testing and over-treatment which is leading to consequences like unnecessary surgeries, physical sufferings, painful side effects and financial losses that impacts the household budgets severely. Continue reading “How Medical Education is Shifting the Focus to Choosing Wisely?”
Most organizations attribute their success to having made a conscious effort to put the customer first. Now, some organizations are also applying the same principles to employees. Using this Consumerization of HR approach, organizations view employees as customers and serve their needs, in the same way, resulting in stronger employee engagement, loyalty, and improved resource planning. After all, it is employees who serve on the front lines of customer service and represent the company as brand ambassadors. It is employees who help meet business objectives. And it is employees who are ultimately responsible for the organization’s success. Continue reading “Employee First – Consumerization of HR”
The need to solve business challenges, in light of both advancing technologies and the changing nature of data, banking, and financial organizations are starting to look closer at Big Data’s potential benefits. The collection of Big Data Trends helps banking industry understand the needs and expectations of people. This way they can keep up with trends and make changes in their operations to improve their services as well as customer relations. Continue reading “How Big Data Trends Influence the Banking Industry”
A recent survey on Clinical Trail revealed that by 2050 the global population is anticipated to reach 10 billion and digital health market is expected to reach US$206 billion by 2020.This is the era of digital connection and patients are no longer passive healthcare recipients but active value-seeking clients. This simply means that the world is changing and so should the face of healthcare. Continue reading “Digital Clinical Trial Process – The Future is Bright!”
The healthcare sector is evolving at a great pace and new regulations keep making their way into it, along with new related acronyms. Two recent acronyms that have emerged in healthcare are MACRA and MIPS. These have become a prominent addition to the medical practices and to follow them properly it’s important that you understand the regulations well. Lately there has been significant changes regarding how the medicare pays for physician services. MACRA and MIPS have a significant impact on many health plans. Continue reading “MACRA and MIPS: New Regulations in Medical Practices”
Anti-money laundering (AML) compliance requirements of the Bank Secrecy Act (BSA) have marked their prominence in banks and financial organizations since years. Post-9/11 era, government agencies, including law enforcement as well as regulatory, have put much emphasis on BSA compliance. And, such agencies, at local, state and federal levels, are actively taking part in ensuring that financial organizations comply with the BSA. Continue reading “Latest Trends In Anti-Money Laundering Compliance”
Jurisdictions and timetables are inevitable for companies with global operations while implementing new regulations. With the number of laws and regulations increasing day by day, it is very important for companies to have an updated framework to combat risks.
Limitations of traditional risk assessment process
In organizations with multiple guaranteed functions, frustration with existing risk assessment processes is common. The reasons are varied objectives, timing challenges, overlapping members, and more. The other problem is that, data generated in isolated processes may be partial in scope, thus resulting in failure to recognize and alleviate risks broadly.
Clinical trials in the development of any new medicine are time-consuming as well as costly. Over the years, the pharmaceutical industry has been trying all means and ways to reduce cycle times and costs in clinical trials through clinical trial process redesign, Business Process Outsourcing (BPO) and risk-based monitoring. However, nothing worked wonders in having a transformation on the overall clinical trial process. Continue reading “Digitalization of Clinical Trials – The Benefits”