When Matthew Corrin imagined the opening of his fresh-produce-serving, fast-food restaurant, he imagined a line-up of hungry office workers looking for a healthy lunch alternative to greasy fast food chains. What actually happened was chaos. advertisement advertisement One opening day, the founder and CEO of Freshii sliced his finger and had to rush his kitchen manager, who’d broken his nose after fainting at the sight of Corrin’s bloody finger, to the hospital. His business was off to a rough start. Then again, what would you expect of a 23-year-old who had never taken a business course or worked in food service? Now, nine years later, even Corrin is surprised of his success. “I had a concept of more than one and probably less than 10 (locations),” he laughs. The company is now a global chain with 160 locations in 50 cities in nine countries. Corrin’s inspiration was born of his frustration with healthy lunch options when he was working as a … [Read more...] about When Founding A Company With No Experience Isn’t A Huge Mistake
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Nooruddin Fidai | Creating magic out of moving averages
Shishir AsthanaLeonardo Da Vinci’s words, ‘Simplicity is the ultimate sophistication’ rings as true for trading as it does for other fields.However, many technical analysts and traders in the market complicate their recommendations or strategies by using multiple indicators and jargons to impress fellow traders and novices.Close Moving averages are the simplest overlays on a price chart, and give a clear picture of the price movement. Yet it is often ignored by technical analysts and ‘experts’ because of the number of loss-making trade it generates. related news Asit Baran Pati | An options buyer journey to financial freedom What to look forward to at this year's Traders Carnival How Vishal Mehta undertook a journey from discretionary to system trading for consistent gains Nooruddin Fidai (@nsfidai) however has made a career successfully trading moving averages.When Fidai rose to speak at the Investors Carnival in Goa after a … [Read more...] about Nooruddin Fidai | Creating magic out of moving averages
Global New Account Fraud Increased 28% in 2019: Report
New data from Jumio, the leading AI-powered trusted identity as a service provider, reveals that new account fraud increased 27.8 percent worldwide YTD in 2019, compared to full-year 2018 results, and more than 100 percent compared to 2014 levels.Surprisingly, attempted new account fraud was 19 percent less during the Black Friday/Cyber Monday weekend (compared to the average 2019 fraud levels), when fraud attempts normally escalate.In the third edition of Jumio’s Holiday New Account Fraud Report, fraud is defined as an attempt by an individual to create a new online account by manipulating a government-issued ID.Close The company compared global ID fraud patterns from millions of ID verification transactions between 2014 and 2019 across various industries, focusing on the period between Black Friday and Cyber Monday, including Thanksgiving and the Tuesday after Cyber Monday. Jumio also analyzed new account fraud levels across regions, countries, industries and time period. … [Read more...] about Global New Account Fraud Increased 28% in 2019: Report
Commercial Banks Struggle to Use AI for Competitive Impact
Nearly all (97 percent) commercial banks are using artificial intelligence (AI), according to new research from Genpact, a global professional services firm focused on delivering digital transformation; however, most financial institutions are not implementing the technology effectively for competitive advantage.More than half of the survey respondents (51 percent) are using AI simply for point solutions and individual tasks, with 27 percent testing in pilots, and only 19 percent leveraging it across the bank holistically.With pressures mounting from fintechs and other non-bank disruptors, these AI trials raise concerns about how effectively commercial banks can use the technology to improve customer experience (CX) and better compete.Close Genpact’s study, Commercial Banking: The Customer Service Imperative, surveyed 500 senior commercial banking executives on the industry’s changing landscape. related news VoPay & Hydrogen to offer clients seamless access … [Read more...] about Commercial Banks Struggle to Use AI for Competitive Impact
These are the workplace trends that give us hope
Are we finally creating a kinder, gentler workplace? We’ve certainly seen a number of positive signs over the past decade. A greater emphasis on culture, for instance, has set the stage for higher job satisfaction. advertisement advertisement The biggest trends we’ve seen in the workplace have come about due to changes in the economic environment, says Michelle Armer, chief people officer at CareerBuilder. “In the years immediately following the recession until now, where we’ve seen steadily low unemployment, companies began to recruit and think about their employees in a different way, putting more of an emphasis on the workplace experience than before,” she says. Here are six that have us feeling hopeful for the next decade: 1. More opportunities for flexible work Technology has allowed employees to ditch the 9-to-5 format in exchange for flexible arrangements, both in hours and location. “Companies are demonstrating that they understand … [Read more...] about These are the workplace trends that give us hope