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Showing posts with label 2017 at 02:37PM. Show all posts
Showing posts with label 2017 at 02:37PM. Show all posts

Thursday, June 8, 2017

How Your Business Will Profit from Innovative Collaboration

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Drive Strategic Collaboration

Imagine a world where your customers want your organization to succeed. Where your employees are personally committed to your company’s success. Where your organization is not focused only on its own results, but on a collaborative effort that spans a community and beyond.

David Nour’s new book, CO-CREATE: How Your Business Will Profit from Innovative and Strategic Collaboration, takes these dreams on as he explores ways to drive strategy and innovation. His new work challenges us to think about relationships in a completely different way. I recently asked him about his work and new book.

 

“Your brand identity is beyond your control.” -David Nour

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Co-creation. Share with our audience what it is and why it’s important.

It means collaborating with your most valuable business relationships to transform your business or revenue model. It can drive how you iterate, innovate or disrupt your market and in the process, evolve far beyond anything you could do alone.

 

“Introspection leads to right action.” -David Nour

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You start the book by saying that, “Introspection leads to right action.” What’s the best way to do this?

Real introspection takes three critical elements:

  1. Think Time – Unfortunately, given the hectic pace most of us work these days, we don’t get enough quality think time to set the minutia of the day aside and really consider our relevant strengths and strategic relationships, as well as personal or professional growth opportunities.
  2. An Inner Circle – We need to surround ourselves with fewer, but more authentic and impactful, business relationships. Most of us could dramatically benefit from fewer partnerships and alliances and more thought partners who will tell us what we need to hear.
  3. Leading Drivers – We can’t raise the bar on our intellect, performance, execution and results… if we don’t measure leading drivers of our progress—not lagging indicators of where we’ve been, but predictive insights toward where we’re headed. You can’t win a race looking in the rear view mirror. Focus your energies on the road ahead.

 

Stay In Tune With Your Customers

Read the rest of this post…

June 08, 2017 at 02:35PM

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from Skip Prichard

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Moody’s & Icra: Indian Banks’ Capitalization Profiles Worsen; Asset Quality Outlook Remains Weak

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Moody’s Investors Service says that weak capitalization levels will remain a key credit weakness for Moody’s-rated Indian public-sector banks, particularly in the context of the increasing requirements for equity under Basel III, and the limited ability of the banks to raise external capital.

Moody’s Indian affiliate, ICRA Limited, says that the asset quality outlook for the Indian banking sector will remain weak, despite the moderation in the formation rate of fresh nonperforming assets (NPAs).

“In our central scenario, we estimate that the 11 Moody’s-rated public sector banks will require external equity capital of about INR700-INR950 billion, or about $10.6-$14.6 billion,” says Alka Anbarasu, a Moody’s Vice President and Senior Analyst. “Such an amount is much higher than the remaining INR200 billion budgeted by the government towards capital infusion until March 2019.”

Moody’s analysis assumes that the stock of impaired loans will increase during the horizon of this outlook, but at a slower pace versus the last two years. Furthermore, Moody’s expects credit costs to stay broadly in line with the levels during the fiscal year ended 31 March 2017. Consequently, Moody’s does not expect any material improvements in the banks’ profitability profiles over the next two years.

Moody’s notes that many public sector banks have announced plans to raise external capital (equity and additional tier 1 capital) in FY2018.

However, Moody’s believes that capital infusions from the government remain the only viable source of external equity capital, because of the public sector banks’ low capital market valuations, which would likely continue to deny them the option of raising fresh equity from the capital markets.

Because the pace of NPA resolutions is sluggish, ICRA’s outlook on the banks’ asset quality remains weak, even as the pace of fresh NPA generation slows.

“We estimate the fresh NPA generation at 5.5% for FY17 as compared to 6.0% for FY16 while the overall stressed assets for the banking system stood is estimated around 16-17% as on March 2017,” says Karthik Srinivasan, Group Head, Financial sector ratings, ICRA Limited.

ICRA points out that with a further 86% of fresh NPAs generated during FY2017 coming from outside the restructured book, the pressure on asset quality indicators is exacerbated, because credit offtake will likely to remain tepid, given the banks’ capital constraints.

In addition, the impending expiry of the 18-month period on the applicability of the standstill clause for asset classification under the strategic debt restructuring (SDR) framework during the current year could pose upside risks. ICRA therefore estimates that the GNPAs will increase to INR8.2-INR8.5 trillion (GNPA of 9.9%-10.3%) by the end of FY2018 as against INR7.65 trillion (GNPA of 9.5%) by the end of FY2017, with upside risks if there is a slower resolution of SDR accounts; thereby leading to higher slippages.

ICRA, however, believes that the recent ordinance issued by the Government of India for amendment in the Banking Regulation Act of 1949 is a positive for the banks, because it highlights the urgency and the willingness of the government to resolve the stressed asset challenges of the banking system.

However, the banks’ limited profitability and capital cushions will prove a challenge in terms of them absorbing the haircuts stipulated by the committees constituted for the resolution of stressed assets. Such haircuts are a critical factor in the resolution of these accounts.

A likely increase in NPAs and the need to raise the provision cover against these bad loans under the prompt corrective action framework will keep credit costs elevated in the current year. Given the limited timeframe under the bankruptcy code to resolve the accounts and impending increase in credit costs, the banks will also be forced to accelerate the capital raising process from the markets, given that the planned infusion by the government is limited in 2017.

 
 
 
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The material has been provided by InstaForex Company – www.instaforex.com

June 08, 2017 at 02:30PM

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Fitch: Islamic Banking a Modest Deposit Stimulus in Morocco

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Islamic banks, referred to as ‘participation banks’ in Morocco, are likely to provide a modest stimulus to deposit growth in the country, Fitch Ratings says. Morocco’s central bank granted its first licences to Islamic banks last week.

Our discussions with Fitch-rated banks indicate that the ability to offer Islamic banking products could expand their deposit bases by 5% to 10%. The ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding.

We expect growth of participation banks will be high initially, as was the case following the introduction of Islamic banking in Turkey and Indonesia. The ability to access Islamic products will ensure that customers have access to a more comprehensive range of services. Customers who have avoided transacting with conventional banks for sharia-related reasons can now move into the formal banking sector.

However, banking penetration is already high in Morocco, with 70% of adults holding a bank account, suggesting that most Moroccans have not shied away from the banking sector on faith grounds. Participation banking is therefore unlikely to take a significant market share from the well-established conventional banks.

The growth of participation banks will be affected by several factors, including the spread of awareness of Islamic finance, the extent to which the government stimulates expansion, population growth rates and regulatory developments. Positively, the central bank has established a central sharia board of Islamic scholars to oversee the sector, which should help to provide a cohesive framework under which the banks can operate. Greater clarity on essential aspects, such as how participation banks will manage their liquidity in a sharia-compliant manner and how financing contracts will be drawn up, would help to stimulate the sector. However, delays in establishing a clear framework could hinder the development of participation banks, forcing up funding costs and resulting in insufficient depth in product offerings.

Growth rates in the Moroccan banking sector have been volatile in recent years, reflecting unsteady economic trends. Deposit growth (nearly 7% in 2016) has outstripped loan growth (3.9%) in recent years, but credit demand is set to accelerate in line with an improved economic outlook in 2017. This could force banks to compete more aggressively for deposits, putting pressure on margins at the conventional banks. The ability to offer participation banking services could broaden the pool of potential depositors in the country, mitigating the competitive pressure.

Only existing conventional banks have applied for participation banking licences and we are not aware of any independent Islamic banks making requests to operate in Morocco. Banks owned by domestic shareholders, such as Attijariwafa Bank, BMCE Bank, Groupe Banque Centrale Populaire and Credit Immobilier et Hotelier, have opted to establish separate participation banking subsidiaries, while subsidiaries controlled by French parents, such as Societe Generale Marocaine de Banques (controlled by Societe Generale), Banque Marocaine pour le Commerce et l’Industrie (BNP Paribas) and Credit du Maroc (Credit Agricole), have chosen to provide services through special Islamic banking ‘windows’.

The material has been provided by InstaForex Company – www.instaforex.com

June 08, 2017 at 02:30PM

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Friday, May 26, 2017

Construction & Infrastructure Sector in the Proposed GST

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Though the Government is claiming that GST is going to benefit the business and industry but on deep analysis of existing negative/mega exempt services and proposed exempt services (as announced by GST Council), it is revealed that construction/infrastructure sector is going to be negatively affected under the new dispensation.

May 26, 2017 at 02:29PM

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from editor2

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How Do Investors and Issuing Company Benefit From Bonus Share Issue?

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Bonus shares are additional shares that are issued to the existing shareholders of the company. Recently a slew of companies across sectors including Biocon, ICICI Bank , Wipro and many others have announced bonus shares. An investor is allotted bonus shares

May 26, 2017 at 02:26PM

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Charlie Helps FRSA retweeted: Weekly news on Governance Risk & Compliance http://ift.tt/1iSkeJ7 #RiskManagement #CorpGov #ERM #Compliance Thanks to @oceg @AntonioReges_

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Hernan Huwyler
@hewyler

Charlie Helps FRSA retweeted:

Weekly news on Governance Risk & Compliance http://ift.tt/1iSkeJ7 #RiskManagement #CorpGov #ERM #Compliance Thanks to @oceg @AntonioReges_

May 26, 2017 at 02:33PM

https://twitter.com/HelpsCharlie/status/868036644590497793

from Charlie Helps FRSA


All About Job- Worker under GST

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In other words, Job work is the processing or working on goods supplied by another person/ entity to complete a part or whole of the process. Job work can be undertaken for the initial process, assembly, packing or any other completion process or complete manufacturing.

May 26, 2017 at 02:19PM

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from csektamaheshwari14

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Friday, May 12, 2017

Lilas retweeted: #CorpGov $ENRT going #viral? @Brettfoster82 by #TkTCUJ5VtuNb8cU

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Jonathan Marks, CPA
@jtmarkscpa

Lilas retweeted:

May 12, 2017 at 02:35PM

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from Lilas


Asia’s lack of #women on boards shows it has work to do http://ift.tt/2q9ewtM #corpgov #investment #board #leadership #Asia

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Kym Sheehan
@ExecRemReporter

Asia’s lack of #women on boards shows it has work to do http://ift.tt/2q9ewtM #corpgov #investment #board #leadership #Asia

May 12, 2017 at 02:35PM

https://twitter.com/ExecRemReporter/status/862964232978968577

from Kym Sheehan


On July 1, Australia Will Make Bitcoin Legal Money

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This just in. There is another reason Bitcoin broke into the 1800s today. Australia announced that as of July 1, 2017, Bitcoin will be treated as legal money. But in addition, according to “Cointelegraph.com”…

May 12, 2017 at 02:29PM

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from IWB

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Melinda retweeted: #CorpGov $ENRT going #viral? @Brettfoster82 by #TkTCUJ5VtuNb8cU

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Jonathan Marks, CPA
@jtmarkscpa

Melinda retweeted:

May 12, 2017 at 02:35PM

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from Melinda


The Top Three Things That the MSM are Purposely Not Reporting

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by Mark Angelides The Main Stream Media’s reutation has long been sullied by biased reporting, basic shilling, and Fake News creation. But the extent to which they have purposely been not reporting on major…

May 12, 2017 at 02:29PM

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from IWB

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Corporate Governance retweeted: Floriane de Saint Pierre speaks about the success of French initiatives to get 40% women on boards #GSWTokyo #corpgov

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Ethics and Boards
@EthicsandBoards

Floriane de Saint Pierre speaks about the success of French initiatives to get 40% women on boards #GSWTokyo #corpgov

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May 12, 2017 at 02:35PM

https://twitter.com/ToGovern/status/862963863519723525

from Corporate Governance


BREAKING NEWS – Developing Story – GOP Lobbying Firm Raided By FBI – Trump Cancels Visit.

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by Pamela Williams   This is a developing story.  President Trump had a visit scheduled with the FBI today.  No doubt he wanted to assure those at the Agency he was not in the…

May 12, 2017 at 02:29PM

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from IWB

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Wednesday, May 10, 2017

Blockchain based SME lending platform Bitbond receives €5 million debt commitment

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Global SME marketplace lender Bitbond today announced that it received a commitment from Obotritia Capital to fund loans worth €5 million through its platform. Additionally, Obotritia invested an undisclosed amount of equity to acquire a stake in Bitbond.

Bitbond was founded in 2013 and shortly after its start the young company was able to win investors like Point Nine Capital. In 2015 we mentioned Bitbond as one of Europe’s hottest FinTech startups. A year later, in September 2016 Bitbond launched its automated scoring mechanism at Finovate New York. Ealier this year, the Berlin-based company secured €1.1 million additional funding.

With the help of the new debt commitment, SME loans from European prime borrowers will be funded instantaneously on Bitbond. According to Bidbond, this will reduce the time it takes for business owners to apply and receive a loan to 30 minutes.

The equity investment from Potsdam-based Obitritia will be used by Bitbond for further product development and marketing. Bitbond plans to continue growing its user base with online sellers and small businesses who need working capital financing.

Over 1,700 loans worth €1.4 million were originated through Bitbond since its launch in 2013. 90,000 users from 120 countries registered with the service to date.

Founder & CEO of Bitbond Radoslav Albrecht said: “The debt commitment by Obotritia brings Bitbond to the next level in our efforts to provide universal SME financing. The next step is to work with partners. Such partners could be online marketplaces who want to add value to their platforms by giving their merchants access to instant cash through Bitbond.”

In October 2016 Bitbond received their own regulatory licence by German financial services supervisor BaFin. Bitbond uses the bitcoin blockchain for payment processing and is one of the few fully regulated and licenced blockchain based financial services providers.

Individual and institutional investors finance the loans of small business owners via Bitbond and by that get access to attractive interest rates. Most of the platform’s borrowers are online sellers who run their shops on e-commerce marketplaces like eBay, Amazon or Etsy.

Bitbond conducts a machine learning based credit check which uses the revenue data of merchants. The loans are mostly used for inventory financing. Check out the video below to learn more:

May 10, 2017 at 01:20PM

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from contact@bcurdy.com

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Protect and Never Lose a Charge with This First Ever Vape Pen Case

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INDIEGOGO campaign for Panacea Elixir Case launching on Friday May 12, 2017.

(PRWeb May 10, 2017)

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May 10, 2017 at 01:19PM

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Western Sussex Hospitals Improves Service Delivery, Sees 200% Rise in…

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IT service desk improves response time and customer satisfaction, saves significant costs by supporting internal team rather than outsourcing

(PRWeb May 10, 2017)

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May 10, 2017 at 01:19PM

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Codecheck bereitet Expansion in die USA vor

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Die Codecheck App gibt es ab sofort auch auf Englisch. Momentan können erst Konsumenten aus Deutschland, Österreich und der Schweiz auf die englischsprachigen Produktinformationen zugreifen. Doch die Expansion in die USA steht bevor.

May 10, 2017 at 12:45PM

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from Startupticker

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