Did you know it took 13 years for television to reach 50 million users? It took only 4 years for 50 million people to use the iPod and only 9 months for 50 million people to use Twitter! Technologies keep getting better, and we are learning to adapt to them quickly - the proof of this is in the adoption rates.
One of the most common definitions of corporate culture is, “It’s the way we do things around here.” When delivering effective and successful organisational change, often “the way things are done” changes too.
Regulations are constantly evolving and we know that non-compliance translates into significant fees, lost opportunities and unhappy customers – we have enough examples over the last few years! More change ahead is the only certainty that you have. So, how do you keep up?
Many of the offshore finance industry’s problems are rooted in the past: past processes, decisions, technologies. And despite manually intensive, inefficient, error-strewn approaches the industry has grown in complexity and scale.
The JFSC (Jersey Financial Services Commission) has a role to play in Industry – to uphold the highest standards by regulating, developing and supervising the Islands Financial Services Industry. They are however beholden to a greater power.