Dismissing Tribunal Fees: Tackling Hidden Discrimination
This month will mark the fourth year for one of the most significant changes to have occurred in UK tribunal history – employment tribunal fees. Their introduction was highly controversial and had been contested since they were announced in July 2013 by Unison. Yesterday, 26th July 2017, they were scrapped by the Supreme Court which ruled that the government had acted unlawfully and unconstitutionally by introducing them. Though very few will have noticed the fees presence at all during their four years, they did have a huge and adverse impact on employment tribunal history.
RegTech: Passive to Predictive
FinTech has pervaded across the entire spectrum of commerce, banking, insurance, asset management, robo-advisory and other financial services. This has brought to the fore the challenge of regulatory compliance. Through the use of new technologies, regulatory technology, (RegTech) is transforming this area of the financial industry. Here we chart how regulation and compliance is evolving from being passive to being more reactive to its current state of being proactive. We believe it is yet to arrive in the final two stages: Predictive, using advances in Machine Learning, Big Data and Analytics; and International RegTech as all these previous stages incorporate international regulatory compliance as nations adopt comprehensive cooperative measures.
Developments in FinTech Iran
Reeling under the economic sanctions imposed by the Western powers, the economy of Iran has found it difficult to transition from a resource-based economy to knowledge-based. However, the economic climate is rapidly changing.
5 Types of Fintech Business Models
Fintech Credit market lacks a globally accepted format. The heterogeneity has led to the development of quite a few business models that are functioning in the industry world over. While we’re sure these will change over the years as Fintech becomes more established and focuses on developing risk and fraud management, these are the 5 types of Fintech business models.
FinTech’s Biggest Concerns in 2017
With the FinTech market being on an all-time rise, the industry needs to now look at how it can work on improving regulatory frameworks, risk management, and fraud management.
Currently, there are no globally accepted standards for regulatory frameworks of the Fintech Credit market. Most governments have designed the regulations by modifying the existing financial frameworks or by developing a new system altogether.
The Three Steps of Innovation
Everyone wants to be considered innovative, and there a lot of ways that companies are clamoring to earn this distinction. Innovation is not a new idea, and its connotations have spanned the pejorative to the complementary. Of course, the 21st century economy is listed in the hierarchy of other disruptive time periods that profoundly altered the opportunities and obstacles of doing business.
How to Improve a Toxic Workplace Culture
Picture this. As a young entrepreneur you took a risk and started a new company. Maybe your company changes an industry and achieves a valuation of millions, even billions of dollars. You were driven to this level by an insatiable desire to succeed, to win, and to achieve. Just as you didn’t follow a yellow brick road to unprecedented success, neither did you plan for your workplace culture to become so toxic that talent would flee, management would be released, and your very role as the head of the company would come to an end.