The Growing Need for Regtech | Accenture

Starling Team


“We see 2018 as a pivotal year for Regtech

Accenture forecasts increasing investment in Regtech solutions, building on several years of rapid growth. Nimble, fast moving startups will likely continue to face hurdles in working with slower-moving banks but the path will likely get easier as investments in open, API-based technologies start to pay off.

They also argue that regulators will increasingly update and revisit rules with an eye to take advantage of new technologies. Regulators like FINRA have explicitly referenced RegTech in their priorities. Similarly, while speaking at the Singapore Fintech Festival last year, J. Christopher Giancarlo, Chairman of the U.S. CFTC noted, “RegTech poses significant opportunities for those involved in our financial markets, both participants and regulators. I suspect we are in the “early innings” of this space …, but believe that it is imperative for all involved stakeholders to do their part in understanding emerging technologies and think creatively about incorporating such technologies.”

Read the full blog post: The Growing Need for Regtech

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The Importance of Studying Networks Versus Individuals

Starling Team

One of the critical differences that separate star performers from average performers turns out to quite subtle. Too often we focus on individual behaviors and activity and we miss the critical networks that support and influence their success. In this blog post by Greg Satell, reviews research from a variety of disciplines to demonstrate the importance of networks. In fact, in many cases the network an individual is able to cultivate can have a greater impact on their success than their innate talents.

Read the full post: We Need to Focus More on Networks and Less on Nodes

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Starling Event – Bank Culture Reform and Behavioral Science

Starling Team

We are very excited to host a Panel Presentation with Thomson Reuters on the topic culture and behavioral science in banking. The session, Bank Culture Reform and Behavioral Science, will examine the progress in cultural reform, with a particular focus on the tricky issue of cultural metrics and behavioral science. Panels will feature leading current and former regulators as well as industry leaders from Goldman Sachs and HSBC.

The event is the fourth in a series held in conjunction with the New York Federal Reserve Bank.

For more event information and registration: Bank Culture Reform and Behavioral Science

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Trust and its role in happy societies

Starling Team

The secret to a happy society — and well functioning organizations — may just be rooted in Trust.

This article in Bloomberg by Megan McArdle explores what makes Denmark and many other countries so happy and cohesive. The author concludes that it is the high levels of trust that people feel in one another and in their government.

Some of the key benefits that flow from this high-trust dynamic include a more collaborative and functioning government system but there are economic benefits as well. She provides a number of examples, including that fewer workers are needed to manage compliance and oversight to enforce rules, allowing workers instead to be deployed in more productive and personally-satisfying ways.

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Just One Click Can Reveal Your Most Basic Motivations

Starling Team

Dr. Sandra Matz of the Columbia Business School writes a fascinating post on how the science behind predictive analytics is moving beyond studying things like past purchase behavior or song selections to make predictions about future events. The next generation of advances will come as companies begin to identify the digital signals that reveal psychological traits, as described in this article, or behaviors and relational dynamics, as we do at Starling,

Armed with this understanding companies can make far more accurate predictions and deliver better results than ever before.

Read the full article here: Just One Click Can Reveal Your Most Basic Motivations

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