The Successful Business Magazine is publishing a renewed set of propositions (released in December 2020), calling for immediate action to Restart Cyprus: Now. We have prepared a summary of the report. You may find the full version on www.pwc.com.cy. PUBLIC SECTOR REFORM.  1. Modernise the public administration to achieve efficiency and effectiveness.  Proceed with horizontal reforms in human resource management of the public sector. The civil service needs to shift away from traditional people management practices to attract needed talent and…

2021 continues the new era of social distancing and remote communication. Reliance on technology keeps increasing in both professional and personal contexts. With the help of AI-driven technologies, the line between physical space and virtual will forever be blurred. Products traditionally sold offline, in 2020 were increasingly selling online. As companies strived to find new ways of delivering service to customers amid lockdowns, they began to consider how to deliver some of the services through virtual interfaces, using technology such…

According to www.fintechfutures.com, the following trends will play an important role in the nearest future. 1. CUSTOMER-CENTRIC APPLICATIONS The proliferation of fintech solutions has brought customers to the forefront of every financial organisation’s thoughts. Where the financial industry once designed processes and applications to suit their own needs, today they must focus on delivering a high-quality customer experience if they want to remain competitive in a crowded marketplace. Eliminating manual processes, cutting down on external software dependencies, and automating routine…

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…