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Четверг 21 ноября 2024

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Future of banking: overview of top trends

Successful Business offers to its readers an overview of the trends that are expected to change the banking industry landscapes in 2021. NEW TECHNOLOGIES ACCELERATE THE DIGITAL BANKING REVOLUTION Kanika Hope, Global Strategic, Business Development Director, Temenos This year’s Economist Intelligence Unit (EIU)’s report “Forging new frontiers: advanced technologies will revolutionise banking” based on a global survey of over 300 senior banking executives, highlights the role of new technologies in driving the digital transformation of banks in the coming years…

Kyriakos Kokkinos: digital transformation of Cyprus

The new bill on Blockchain technology, two solutions for e-justice, management of governmental microservices, introduction of digital culture, and many other new and important subjects were discussed during the interview with Kyriakos Kokkinos, Deputy Minister to the President of Cyprus for Research, Innovation & Digital Policy. My first question would be about the year 2020 – the first year for the Deputy Ministry. I would like you to present an outlook, an overview of the most important achievements the ministry…

How to Use Nudge Theory for Business Success

As someone with a keen interest in the business management science, I always keep an eye on the latest decision-making theories. Simply speaking, making a decision is rarely easy. Or at least if we are talking of a good decision. To make a good decision, we need to be able to collect, interpret and analyse a load of information, and at the same time not to lose track of our goals. Management education is dedicated to this purpose of improving…

Privacy & cybersecurity: what to expect in 2021

Cyprus Cybersecurity Strategy Building Blocks. Source: G. Michaelides, Cybersecurity Strategy of the Republic of Cyprus, 2016.

The explosive growth of digital technologies is spurring debates in the areas of data privacy and security. Despite the accelerating regulatory environments, it is only the tip of the privacy iceberg, both from a regulatory and consumer standpoint. Three aspects come to the forefront. The first is the privacy-enhancing technology that provides a trusted environment in which sensitive data can be processed or analysed. The second performs processing and analytics in a decentralised manner. The third encrypts data and algorithms…

Vassilis Demetriades. Long-term strategy for Cyprus Shipping

Shipping plays an important role in Cyprus, we are proud that our small island’s registry ranks 11th globally and 3rd in the EU. Successful Business has met with Deputy Minister of Shipping Vassilis Demetriades to discuss how sustainable shipping is, given the troubles of 2020, and how the shipping industry of Cyprus can be supported and developed. Could you please share an overview of what has been done at the Deputy Ministry during 2020, an extremely difficult year? As you…

Economic considerations during pandemic: turning crisis into opportunity

The adverse effects of the Covid-19 pandemic have led to the deepest recession in modern history. The direct impact of the virus will continue to affect world socioeconomic developments at least until mid-2021. At the same time, analysts warn that we will experience negative long-term repercussions reflecting both the failures of affected companies to effectively respond to the crisis but also pre-existing weaknesses and structural challenges in a number of countries. The response of global organisations and public authorities to…

Panicos Georgiou: rise of cybersecurity

Since joining the EU in 2004, Cyprus has benefitted from being part of a huge single market gaining access to a great number of goods and services. However, this membership also comes with certain obligations, not least of which pertain to ensuring the confidentiality of transactions and sensitive information. Unfortunately, most businesses have been slow to adopt a structured cybersecurity framework that forms part of their business processes. Successful Business talks to Panicos Georgiou, CEO of eSafe Solutions, about cybersecurity…