There has been an increased awareness among consumers around life insurance products in India. That said, the sector continues to rely heavily on a “push-sale” methodology, thus leading to increased financial crime vulnerabilities.
The ‘workplace of the future’ has reached its inflection point with the proliferation and promise of new age technologies. For the banking and financial services sector, early technology adoption has been beneficial and many organizations are already taking calculated steps to fuel digital transformation through the Internet of Things, cloud, deep analytics, robotics, cognitive tools … More Redefining AML compliance in banking through robotics
The world is dominated by the internet revolution, digital disruption, cross border transactions and consumerization today. Information and data exchange is rapid and occurring real time. Consequentially, the security concerns traversing through boundaries are bringing data protection and privacy issues, breaches and leakage of confidential information into the spotlight.
In a year characterized by geopolitical risk, economic uncertainty and increased regulatory intensity, the findings of our 2017 Asia-Pacific Fraud Survey are a cause for concern: over half of close to 1,700 respondents across sectors believed that ethical standards have not improved in their local business operations.
Increased consumer awareness and regulatory focus have transformed India’s approach to food safety. Changing reforms continue to play an important role in shaping the industry to ascertain the procurement, provision and production of food products in order to meet the highest standards of safety and hygiene.
The Indian food industry is on an upward trajectory and emerging as a high growth space considering its contribution to the global food industry. Showing immense potential, it is expected to grow at an 11% CAGR to US$65.4 billion by 2018 as per India Brand Equity Foundation. The foundation also states that the food space … More Understanding the growing significance of food safety in the retail sector
The Indian pharmaceutical industry has been inundated by a substantial number of regulatory inspections, especially from US Food and Drug Administration (US FDA) and other prominent regulatory authorities such as UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) and Health Canada. The challenges arising here may be daunting but the emphasis has been to steadily … More Building the base for ‘good’ data integrity