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How Blockchain Is Changing Finance

Harvard Business Review

Blockchain was originally developed as the technology behind cryptocurrencies like Bitcoin. Given the promise and peril of such a disruptive technology, many firms in the financial industry, from banks and insurers to audit and professional service firms, are investing in blockchain solutions. Is this the end of banking as we know it?

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The Big Picture of Business – Business Success Checklist

Strategy Driven

Development of technical abilities, specialties and expertise. Development of core business supplier relationships. Strategic Plan includes provisions for refinancing, equity and debt financing. Banking and investing plan is annually updated, with realistic, measurable goals. Finance charges are negotiated.

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Using Games to Get a Handle on Bank Risk

Harvard Business Review

Bank marketing materials focus on the dreams, anxieties and goals of consumers. Risk management processes don't — but they should. Most audits and regulations of banks are focused on certifying the integrity of data and controls. Here, the protocols from other industries can provide some insight.

Banking 10
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The Risks and Benefits of Using AI to Detect Crime

Harvard Business Review

Many banks and large corporations employ artificial intelligence to detect and prevent fraud and money laundering. Businesses are constantly experimenting with new ways to use artificial intelligence for better risk management and faster, more responsive fraud detection — and even to predict and prevent crimes.

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Small and Young Businesses Are Especially Vulnerable to Extreme Weather

Harvard Business Review

These threats change the risk management calculus of firms hoping to succeed in a more turbulent world. Start-ups are particularly at risk today because of both their size and age. Firms applied for credit to finance recovery. Make risk a strategic priority. Data from the U.S. Our data include about 950 businesses.

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Sustainability in Financial Services Is Not About Being Green

Harvard Business Review

The next time we hear about a bank or insurance company''s "green program" — like using energy efficient light bulbs or operating out of a LEED Platinum building — we''ll either scream or throw up. The result is a "heads the bank wins, tails society loses" set of outcomes. Don''t get us wrong.

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How CMOs and CROs Can Be Allies

Harvard Business Review

Both practices have long developed insights into their customers based on data and analytics. But in the aftermath of the financial crisis, risk managers have become increasingly involved in business strategy and decisions. those without bank accounts), by adopting the more dynamic “customer life cycle” view.