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  • user 12:18 am on June 4, 2018 Permalink | Reply
    Tags: , , , , , , people,   

    People Prefer Bots to Humans When It Comes to Money Matters 

    How much would you discuss with Erica, Nomi or Eno? And no, those aren’t , but virtual assistants provided by some of the largest in North America. Artificial intelligence has become a hot topic, and even more so in relation to chatbots and virtual assistants. But just how comfortable is a customer speaking to [&;]
    Bank Innovation

     
  • user 7:53 am on April 26, 2018 Permalink | Reply
    Tags: , , , , , people, , Safe, ,   

    Elevate Provides Safe Credit To People Banks Can’t Serve With FICO 

    Elevates AI and machine learning make it possible to lend safely to subprime borrowers and help them build a history. It lends directly or through which are taking a new look at this market as regulators reduce restrictions.
    Financial Technology

     
  • user 6:53 am on April 25, 2018 Permalink | Reply
    Tags: , , Expedite, , , people, SmartBiz, , ,   

    SmartBiz Loans Uses Tech And People To Expedite SBA Loan Applications 

    SmallBiz provides and small businesses to help process Small Business Administration (SBA) loans. Its automated advisor acts like a small business CFO, analyzing financials and telling owners if they are a good candidate for the SBA or helps them identify areas to improve.
    Financial Technology

     
  • user 3:36 am on February 25, 2018 Permalink | Reply
    Tags: , , , , people,   

    Culture change happens when organisations are transformed by people 

    POWER TO THE

    Last time we introduced some core ‘beliefs’ that are key to successful . Now we’re going to look at these beliefs in a bit more detail: In particular, what’s the role of the individual in culture change?

    To gauge how successfully their change programmes are progressing, need to understand what’s going on enterprise-wide. There are various ways they can do that, from tracking what people are actually doing—their day-to-day functions—through to in-depth behavioural analytics. All of that provides a good basis for benchmarking the maturity level of the organisation, deciding how to measure success and, of course, how to move the dial.

    Those insights inform how organisations prioritise the design of change programmes around structure, people and behaviours. Crucially, it helps them think about designing the appropriate structure for driving the change the organisation needs.

    It’s only with the right structure that people’s behaviours—including decision-making, empowerment and lowering the centre of gravity—will start to change. Once people have more empowerment through the new structure, they need to learn how to use this to behave more productively.

    This is where small, incremental changes come into their own. As people begin to do things differently, this becomes a form of habit. And as that , new behaviours start to permeate the enterprise and become embedded. Think about this as a cycle—from understanding to design to structures—all geared to enabling people to behave differently and make changes to how they operate.

    To bring this to life, think about the incremental changes that an organisation might want to set in motion. A great example? The number of people that typically attend meetings. This can easily be changed so only people with the opportunity to make a decision actually go along.

    If a staff member and their direct superior are both scheduled to attend, they need to make sure that only one of them goes. Otherwise, it sends out the signal that there’s a lack of delegation. It also shows that people are not sufficiently empowered.

    The follow-on? Whoever does attend must make a decision. That’s more efficient for everyone. There’s no need for a follow-up meeting. Incremental changes like these help to encourage a culture where people have more confidence in their own judgement.

    Other focuses for incremental change could be the time it takes to get new products or services to customers—or introducing greater customer-centricity. Whatever the objective, it’s all about being able to continuously rework an organisation’s structure in pursuit of a particular goal, rather than having to do a major restructuring once every five years.

    One priority will be the creation of agile, multi-disciplinary teams formed to solve specific customer problems with a scrum-style approach. This too comes back to analytics, of course. For these teams to come together with the right capabilities, organisations need to know what’s going on enterprise-wide.

    Using analytics, they can get those insights and use them to carry out the workforce planning that’ll ensure they get the right skills through the door for those teams and rapidly pivot the organisation to adapt to new situations.

    Also, a connected point, individuals need to take more responsibility for their own skills so they can continue to be relevant. The emphasis is on people planning their own careers, rather than relying on management to do that for them. If employees have universal skills, then they’ve got applicability to a whole range of situations, not just a single role.

    A good way forward is for the business to think about developing an internal consultancy function, which can be hired on a project-by-project basis. Designing in that kind of flexibility puts the emphasis on individuals to really understand their worth, short and long term. This new kind of enterprise is less paternalistic than what went before. And it’s much more dynamic.

    Employees actively want a gig career, where they evolve a portfolio of skills and keep on learning new ones. And older people within the organisation are often, perhaps counterintuitively, more receptive to this new way of working. They acknowledge that they’re not digital natives, and as a result may feel disconnected, from their co-workers and quite possibly their children. The moral? Don’t make assumptions about the workforce.

    Circling back to where we started, it’s all about setting the direction for change, making sure everyone in the organisation knows they have a role to play in that change, and crucially, continuously tracking progress towards clearly defined objectives.

    Thanks for reading.

    The post Culture change happens when organisations are transformed by people appeared first on Accenture Banking Blog.

    Accenture Banking Blog

     
  • user 3:35 am on January 26, 2018 Permalink | Reply
    Tags: , , , , people,   

    Culture change happens when organisations are transformed by people 

    POWER TO THE

    Last time we introduced some core ‘beliefs’ that are key to successful . Now we’re going to look at these beliefs in a bit more detail: In particular, what’s the role of the individual in culture change?

    To gauge how successfully their change programmes are progressing, need to understand what’s going on enterprise-wide. There are various ways they can do that, from tracking what people are actually doing—their day-to-day functions—through to in-depth behavioural analytics. All of that provides a good basis for benchmarking the maturity level of the organisation, deciding how to measure success and, of course, how to move the dial.

    Those insights inform how organisations prioritise the design of change programmes around structure, people and behaviours. Crucially, it helps them think about designing the appropriate structure for driving the change the organisation needs.

    It’s only with the right structure that people’s behaviours—including decision-making, empowerment and lowering the centre of gravity—will start to change. Once people have more empowerment through the new structure, they need to learn how to use this to behave more productively.

    This is where small, incremental changes come into their own. As people begin to do things differently, this becomes a form of habit. And as that , new behaviours start to permeate the enterprise and become embedded. Think about this as a cycle—from understanding to design to structures—all geared to enabling people to behave differently and make changes to how they operate.

    To bring this to life, think about the incremental changes that an organisation might want to set in motion. A great example? The number of people that typically attend meetings. This can easily be changed so only people with the opportunity to make a decision actually go along.

    If a staff member and their direct superior are both scheduled to attend, they need to make sure that only one of them goes. Otherwise, it sends out the signal that there’s a lack of delegation. It also shows that people are not sufficiently empowered.

    The follow-on? Whoever does attend must make a decision. That’s more efficient for everyone. There’s no need for a follow-up meeting. Incremental changes like these help to encourage a culture where people have more confidence in their own judgement.

    Other focuses for incremental change could be the time it takes to get new products or services to customers—or introducing greater customer-centricity. Whatever the objective, it’s all about being able to continuously rework an organisation’s structure in pursuit of a particular goal, rather than having to do a major restructuring once every five years.

    One priority will be the creation of agile, multi-disciplinary teams formed to solve specific customer problems with a scrum-style approach. This too comes back to analytics, of course. For these teams to come together with the right capabilities, organisations need to know what’s going on enterprise-wide.

    Using analytics, they can get those insights and use them to carry out the workforce planning that’ll ensure they get the right skills through the door for those teams and rapidly pivot the organisation to adapt to new situations.

    Also, a connected point, individuals need to take more responsibility for their own skills so they can continue to be relevant. The emphasis is on people planning their own careers, rather than relying on management to do that for them. If employees have universal skills, then they’ve got applicability to a whole range of situations, not just a single role.

    A good way forward is for the business to think about developing an internal consultancy function, which can be hired on a project-by-project basis. Designing in that kind of flexibility puts the emphasis on individuals to really understand their worth, short and long term. This new kind of enterprise is less paternalistic than what went before. And it’s much more dynamic.

    Employees actively want a gig career, where they evolve a portfolio of skills and keep on learning new ones. And older people within the organisation are often, perhaps counterintuitively, more receptive to this new way of working. They acknowledge that they’re not digital natives, and as a result may feel disconnected, from their co-workers and quite possibly their children. The moral? Don’t make assumptions about the workforce.

    Circling back to where we started, it’s all about setting the direction for change, making sure everyone in the organisation knows they have a role to play in that change, and crucially, continuously tracking progress towards clearly defined objectives.

    Thanks for reading.

    The post Culture change happens when organisations are transformed by people appeared first on Accenture Banking Blog.

    Accenture Banking Blog

     
  • user 12:18 pm on January 9, 2018 Permalink | Reply
    Tags: , , , , , , people   

    Most People Don’t Know What Cryptocurrencies Are 

    Sure, and might seem like the talk of the town, but a recent survey found that even what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a [&;]
    Bank Innovation

     
  • user 12:18 pm on December 1, 2017 Permalink | Reply
    Tags: , , , , , , people, Selling,   

    More People Are Buying and Selling Bitcoin Than Ever 

    , and in general, had a good year and an even better quarter, according to CoinDesk’s State of Q3 2017. The report, which was released yesterday, shows gains in every area from investment size and block sizes to transaction volumes. The report shows that Ethereum hit a new record high for blockchain transactions [&;]
    Bank Innovation

     
  • user 12:18 pm on July 2, 2017 Permalink | Reply
    Tags: , , , , people, Photo,   

    More People Use Banking Apps Than Photo Apps on Mobile 

    Turns out, are higher up in consumers&; smartphones or video apps. A study by Forrester Research, released this week, indicates that 32% of U.S. adults (18 and over) use banking apps via their smartphones weekly. The same number of respondents indicated using shopping apps weekly, while 30% and 23% said they [&;]
    Bank Innovation

     
  • user 12:18 pm on June 18, 2017 Permalink | Reply
    Tags: , , , , people, ,   

    Here’s How Many People Will Work at SoFi Bank 

    It&;s not everyday that a applies for a charter, so when did just that it caught our eye. But will this be a big bank? The short answer is no, or not at least for a few years. Buried in SoFi&8217;s application are details on the proposed bank&8217;s staffing size. The bank [&;]
    Bank Innovation

     
  • user 12:18 am on September 29, 2016 Permalink | Reply
    Tags: , Emojis., people,   

    What Do People Use Venmo For? Check the Emojis. 

    The classic use case for peer-to-peer payments is splitting a &; it&;s straightforward, easy to understand, and the doing it are young and having fun (probably.) But the problem is that the average P2P payment, according to JPMorgan Chase, anyway, is $ 300, rather expensive for a dinner bill.Read More
    Bank Innovation

     
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