Yale Institute for Network Science and Human Nature Lab Director, Nicholas Christakis, Joins Starling Advisory Board

Starling Team

Washington, DC – Starling, an applied behavioral sciences “RegTech” company, announced the appointment of Nicholas A. Christakis, MD, PhD, to its Advisory Board.

Christakis holds appointments in the Departments of Sociology; Statistics and Data Science; Medicine; Ecology and Evolutionary Biology; and Biomedical Engineering at Yale University. He is Director of the Yale Human Nature Lab, and Co-Director of the Institute for Network Science. In 2009, Christakis was named by Time magazine to their annual list of the 100 most influential people in the world. In 2009 and in 2010, he was listed by Foreign Policy magazine in their annual list of Top 100 Global Thinkers. His acclaimed 2010 TED talk on “The Hidden Influence of Social Networks” has had some 1.5 million views. (here)

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Compliance could be perfect if it didn’t involve people | FCPA Blog

Starling Team

Alison Taylor, managing director of advisory services at BSR discusses the importance of incorporating behavioral science and relational dynamics into compliance programs in an excellent blog piece on FCPA Blog. Where most compliance programs assume that actors are rational beings, numerous research studies have shown this model does not always play out in reality.

Alison cites research by NYU’s Ethical Systems which generates tools and research to help companies build more effective compliance programs. The OECD has also weighed in via their Integrity Forum in March of last year where they found that the traditional approaches to compliance are ineffective and that firms must work on building “cultures of integrity.”

The full post is available here: Alison Taylor: Compliance could be perfect if it didn’t involve people

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How Behavior Spreads: The Science of Complex Contagions

Starling Team

We at Starling are eagerly anticipating the release of the book How Behavior Spreads: The Science of Complex Contagions, edited by Karen S. Cook, professor of sociology at Stanford and Academic Advisor to Starling.

The book covers research covering over a decade by the author, Damon Centola. Damon has studied how behaviors spread through society, not unlike how diseases move through a population. While it turns out that the factors that encourage the spread of disease are quite different from those that encourage the spread of behaviors, the result is the same. By understanding the forces that encourage behaviors to spread we can learn to be proactive in our reactions to them. At Starling we have turned this insight into intuitive tools that managers can use to predict how and where behaviors of interest will spread so they can reduce risk and boost productivity.

The book is scheduled to be released on June 12th on Amazon: How Behavior Spreads: The Science of Complex Contagions

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Starling Event – Bank Culture and Conduct

Starling Team

Starling co-hosted a forum in New York this week with Thomson Reuters on the subject of reforming bank culture through the application of advances in behavioral science. Henry Engler, the North American Regulatory Intelligence Editor for Thomson Reuters, offers a detailed summary of the day’s discussions. Behavioral science tools are improving rapidly but banks face a lot more work before they will be fully able to exploit them to have an impact on their conduct risk.

Summary of the Panel Discussions: Behavioral Science and Bank Culture

Video Roundup of Panel Members: Video

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Starling Co Founder Jeff Kupfer Featured on ABA Podcast on Risk Management

Starling Team

Jeffrey Kupfer, Starling Co Founder, was recognized as an emerging industry solution at the ABA’s annual Risk Management Conference in Orlando earlier this month. Ryan Rasske, SVP of Risk and Compliance for the ABA interviewed Jeff during the Conference proceedings. Jeff introduced Starling’s platform and discussed how banks are looking to leverage our solution to increase the performance and efficiency of their compliance and operational risk management functions.

Listen to the podcast: Solutions Spotlight: Starling

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