Insights Success https://insightssuccess.com Best Business Magazine | Business Success Stories Wed, 12 Feb 2025 07:07:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 Insights Success Best Business Magazine | Business Success Stories false BOLT: A Premier Choice for Liquid Cargo Logistics Worldwide https://insightssuccess.com/bolt-a-premier-choice-for-liquid-cargo-logistics-worldwide/ https://insightssuccess.com/bolt-a-premier-choice-for-liquid-cargo-logistics-worldwide/#respond Tue, 06 Aug 2024 14:08:39 +0000 https://insightssuccess.com/?p=114034 Building Trust through Transparent and Timely Supply Chain Solutions! Safety is the paramount concern when it comes to bulk liquid logistics. Every decision made by companies operating in this industry starts and ends with ensuring the safe transportation of hazardous and non-hazardous liquids. Rigorous safety protocols, continuous employee training, and investment in progressive equipment allow […]

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Building Trust through Transparent and Timely Supply Chain Solutions!

Safety is the paramount concern when it comes to bulk liquid logistics. Every decision made by companies operating in this industry starts and ends with ensuring the safe transportation of hazardous and non-hazardous liquids. Rigorous safety protocols, continuous employee training, and investment in progressive equipment allow for minimizing risk at every step.

Beyond meeting regulatory requirements, these companies implement additional safeguards to protect everyone involved, from employees and customers to communities and the environment. Comprehensive safety checklists are integral before loading, unloading, or transporting. A commitment to safety has earned exemplary safety records for top liquid logistics service providers over decades of operation.

Modernizing this field, BOLT is reshaping – liquid logistics’ future. This ambitious Singaporean company brings a fresh, tech-driven approach to an industry primed for innovation, with a mission to redefine how liquids and liquefied cargoes traverse the globe. With safety as the foundation, BOLT is propelling liquid logistics into a new, progressive era while prioritizing protection throughout the supply chain.

“Our top priorities are ensuring cargo integrity, environmental protection, and seamless delivery,” explains it’s Director, Anand Sheth. “By investing in the latest equipment and digital platforms, we’re pioneering smarter, more sustainable liquid transport solutions,” he adds. Complementing these advanced software solutions is BOLT’s modern, eco-friendly fleet of ISO tanks, one of the youngest and most rigorously maintained in the industry. Each unit adheres to the highest global safety standards for hazardous and nonhazardous materials.

“We believe technology is vital for safe, efficient liquid transport,” notes Anand. “But it’s our people and processes that ultimately deliver on the BOLT promise.” Through specialized training, stringent protocols, and a customer-centric culture, BOLT has rapidly earned a reputation for reliable, responsive service covering every logistics touchpoint. The company’s personalized solutions ensure liquid cargo is handled with ultimate care from pickup to final delivery.

BOLT is also a trailblazer in sustainable shipping practices. They are steadily transitioning to low emission ISO tanks and partnering with R&D initiatives exploring alternative fuel sources and green technologies. Their expansive network, combined with a young, energetic team and bold vision for the future, has captured the attention of shippers worldwide.

Let us learn more about its journey:

Services and Solutions

In order to satisfy the wide range of demands of its clients in the liquid cargo transportation sector, BOLT provides a number of services, these are:

  • Global Logistics: Delivers cross border transportation with a focus on precision and efficiency to ensure that your cargo arrives at its destination on time and in good condition.
  • Heating and Storage: Offers heating and storage solutions that are designed to preserve the integrity and quality of your cargo. This is especially important for temperature sensitive liquids.
  • Fleet Management: Fleet management services focus on safety, efficiency, and environmental stewardship. Using a young and sophisticated fleet of ISO tanks to transport your cargo safely and sustainably.
  • One-Way Rentals: One-way rental service designed to offer businesses a flexible and cost effective way to transport liquid cargo.

To suit each client’s unique demands, BOLT can also provide specially tailored solutions.

SAKSHAM Group

BOLT, a proud member of the Saksham Group, stands as an example of the group’s unrelenting passion for brilliance. As the foundation of the Saksham schema, BOLT is building upon nearly three decades of the group’s dominance as a logistics powerhouse with a rich legacy. Keen to surpass its predecessors, BOLT aims to cement its position as the preferred choice for bulk liquid logistics.

A Workplace of Diverse Talent and Enduring Loyalty

BOLT boasts an impressive employee retention rate of 77%, a proof of the company’s vow to nurture a positive and inclusive work environment. The workforce comprises 30% female employees, contributing to a rich tapestry of perspectives and experiences. The average age of employees is 37, indicating a versatile and experienced team.

What truly sets BOLT apart, however, is its remarkable diversity. The workforce spans across eight countries and represents nine nationalities, creating a unique cultural melting pot that enriches the work experience. This diverse workforce is a reflection of the company’s keenness to acknowledge and celebrate individual differences, ultimately driving invention and success.

Comprehensive Training Program 

BOLT is committed to developing highly competent and informed employees through a strong training program that provides its team with the competence required to flourish. The company’s Learning and Development (L&D) Department focuses on developing soft skills, while BOLT works with industry experts to provide specialized training programs in areas such as ITCO Tank Container Training, IMDG Certification, and Sanction Compliance and Risk Mitigation. This complete strategy assures that its team is ready to face any challenge and provide great service to clients.

Ensuring the Highest Quality Solutions and Safety Standards

Through a number of procedures, such as the following, BOLT guarantees the best possible provision and safety requirements when transporting liquid cargo:

  • Meticulous care and attention to detail: BOLT is committed to providing meticulous care and attention to detail throughout the transportation process. This ensures that your cargo is handled safely and securely.
  • Young and state-of-the-art fleet: BOLT uses a young and sophisticated fleet of ISO tanks to transport your cargo. This means that their tanks are up-to-date with the latest safety features and regulations.
  • Technology-driven strategies: BOLT uses technology-driven strategies to track and monitor your cargo throughout the transportation process. This allows them to identify and address any potential problems quickly and efficiently.

Exemplary Compliance with IMO and IMDG Regulations

BOLT exemplifies compliance with International Maritime Organization (IMO) and International Maritime Dangerous Goods (IMDG) regulations for the transportation of hazardous cargo through a meticulous approach encompassing the following key pillars:

  • Team Expertise: BOLT boasts a cadre of seasoned professionals well-versed in the intricacies of handling dangerous goods and adept at navigating the complexities of IMO and IMDG regulations.
  • Training Excellence: The company upholds a culture of continuous learning through regular training initiatives tailored for all staff members, including operations personnel and sales representatives. These programs ensure comprehensive familiarity with the regulations and proficient implementation thereof.
  • Classification and Labelling Precision: BOLT meticulously  adheres to the prescribed classification and labelling protocols for hazardous cargo as stipulated by IMDG guidelines. This fervor guarantees unambiguous identification of the cargo and its associated risks throughout the transportation journey.
  • Packaging and Stowage Adherence: Striving for excellence, BOLT strictly adheres to the stringent packaging and stowage guidelines outlined in the IMDG code. This stringent adherence minimizes the likelihood of leaks, spills, and other potential hazards during transit.
  • Safety Management System: BOLT’s robust Safety Management System stands as a testament to its sincerity toward safety. This system integrates comprehensive protocols for handling dangerous cargo in alignment with IMO and IMDG regulations. It delineates procedures for critical aspects such as risk assessments, emergency response plans, and incident reporting processes, ensuring a proactive and safety centric approach to operations.

Tailor-made Operations for its Customers

By creating services around the unique demands of its clients, BOLT customizes its offerings to satisfy their unique needs.

Here are some instances of how they carry this out:

  • Heating Plans for Temperature Sensitive Cargo: One of the ways in which BOLT demonstrates its devotion to tailored services is through its heating plans for temperature-sensitive cargo. Recognizing the critical importance of maintaining precise temperatures throughout the transportation process, BOLT designs specialized plans to ensure the integrity and safety of its clients’ valuable shipments.
  • One-Way Rentals for Cost Effective Solutions: BOLT understands that not all transportation needs are the same, which is why they offer one-way rentals for customers who require cargo transport in a single direction. This approach allows clients to optimize their costs while still benefiting from BOLT’s reliable and efficient services.

Services for Comprehensive Solutions:

In addition to its core transportation offerings, BOLT provides a range of supplementary services to address the diverse needs of its clients. These include:

  • Insurance assistance to protect cargo against potential risks
  • Customs clearance support to navigate complex regulatory requirements
  • Door-to-door service for seamless pick-up and delivery
  • Tracking and tracing capabilities for real-time visibility of cargo movements

By offering a variety of customizable services, BOLT is able to provide its clients with a comprehensive and efficient transportation solution.

Here are some additional ways that BOLT tailors its services:

  • Understanding Client Needs: BOLT’s approach begins with a deep dive into understanding the unique needs of each client. The company’s dedicated team takes the time to meticulously analyze the client’s specific requirements, ensuring that the developed transportation plan aligns perfectly with their objectives and budget constraints.
  • Flexibility: BOLT’s devotion to client-centric service extends beyond the initial planning stages. The company’s flexibility allows it to adapt its services seamlessly to accommodate the growing needs of its clients. Whether it’s adjusting shipping schedules or accommodating fluctuations in cargo volumes, BOLT remains agile and responsive to the dynamic nature of the industry.
  • Open Communication: Maintaining open communication with clients throughout the transportation process is a cornerstone of BOLT’s approach. By keeping clients informed of the status of their cargo and proactively addressing any potential issues, it cultivates an environment of trust and transparency. This obligation to communicate ensures that clients feel empowered and in control of their logistics operations.

By consistently delivering customized solutions, BOLT has established itself as a trusted partner for liquid logistics. Through its adherence to understanding client needs, flexibility, and open communication, it continues to set new standards in the world of cargo transportation.

ISO Tank Container Industry

BOLT has achieved remarkable success in the ISO tank container sector. The company’s triumph can be attributed to its ardor for superiority, innovative approach, and strong foundation built on expert professionals, sound infrastructure, and advanced IT systems, including:

Expert Professionals:

A team of skilled and knowledgeable individuals with a thorough awareness of both the unique requirements of IMO and IMDG rules as well as the liquid cargo transportation sector form the foundation of BOLT’s success. This remarkable group consists of:

  • Operations Staff: BOLT’s operations staff is responsible for meticulously planning, scheduling, and executing transportation operations. They ensure that cargo is handled with the utmost care and efficiency throughout the transportation process, minimizing risks and maximizing client satisfaction.
  • Sales and Customer Service Staff: BOLT’s sales and customer service staff work closely with clients to comprehend their unique needs and develop customized transportation solutions tailored to their requirements. They provide ongoing support and guidance to clients throughout the transportation process, ensuring a seamless and hassle-free experience.
  • Safety and Compliance Consultants: A critical component of BOLT’s success is its team of safety and compliance consultants who possess an in-depth understanding of the intricacies of IMO and IMDG regulations for transporting dangerous cargo.

These experts play a pivotal role in advising on every step of the process for each specific cargo, ensuring compliance with the highest safety standards, and mitigating potential risks.

  • Sound Infrastructure: BOLT has invested heavily in building a robust and reliable infrastructure to support its operations. This sound infrastructure includes well-maintained equipment, and a network of strategic partnerships with leading logistics providers. By leveraging its strong infrastructure, BOLT is able to offer its clients a seamless and efficient transportation service, ensuring the timely delivery of cargo while maintaining the highest standards of quality and safety.
  • Advanced IT Systems: BOLT has embraced next-generation technology to streamline its operations and enhance its service offerings. The company utilizes advanced IT systems to track and monitor its cargo throughout the transportation process.

These sophisticated systems enable BOLT to:

  • Track the location of cargo in real-time, providing clients with complete visibility into the status of their shipments.
  • Monitor the condition of the cargo, ensuring that it remains intact and uncompromised during transit.
  • Identify and address any potential problems quickly and efficiently, minimizing delays and ensuring the timely delivery of cargo. By harnessing the power of advanced IT systems, BOLT has set a new benchmark in the industry, offering its clients a level of transparency, reliability, and responsiveness that is unparalleled in the market.

Pioneering Safe and Efficient Liquid Transportation

BOLT owns and operates a progressive fleet of ISO tanks. With meticulous attention to detail and professionalism, they execute every operation with unparalleled finesse.

Liquid Tanks

  • T11 ISO Tanks: The T11 Tanks embody the pinnacle of innovation and safety in the transportation of hazardous and non-hazardous liquids. These tanks excel at carrying a diverse range of liquids, including vegetable oils, chemicals, and alcoholic beverages. Crafted from high-quality stainless steel and carbon steel, they guarantee durability, hygiene, and safety. Their generous capacity and state-of-the-art materials offer unmatched versatility and efficiency in liquid transport.
  • T14 ISO Tanks: The T14 Lined Tanks are tailored for the secure transportation of hazardous and highly corrosive liquids, catering to the specific needs of the chemical, petrochemical, and industrial acid sectors. These tanks are meticulously constructed from high-grade stainless steel and carbon steel, chosen for their exceptional strength and resistance to corrosion. By ensuring that even the most hazardous materials are transported safely, BOLT sets a new standard in the industry. These tanks can also be equipped with customized internal linings to withstand the detrimental effects and reactions of a wide array of corrosive chemicals.

Gas Tanks

  • T50 ISO Tanks: T50 ISO tanks are versatile, intermodal containers designed for the secure and efficient transport of both hazardous and non-hazardous liquids and gases. Adhering to stringent International Organization for Standardization (ISO) guidelines, T50 tanks are ideal for shipping a diverse array of substances, including LPG, refrigerated gases, and various chemicals. Featuring robust safety mechanisms such as pressure relief valves and leak detection systems, T50 tanks are optimized for multimodal transport, ensuring seamless transitions between different modes of transportation.

Cryogenic Tanks

  • T75 ISO Tanks: BOLT Tanks’ T75 Cryogenic Tanks are meticulously engineered for the transportation of cryogenic liquids, such as Liquefied Natural Gas (LNG), catering to the unique demands of the energy sector and the natural gas industry. Precision-engineered to maintain cryogenic temperatures, these tanks guarantee the safe and efficient transport of LNG. The T75 tanks stand as a testament to innovation and safety in the field of cryogenic liquid transportation, representing reliability and providing high-quality transport solutions for one of the world’s most critical resources.

Elevating Liquid Cargo Transportation

In the liquid cargo transportation sector, BOLT differentiates itself from competitors in a number of ways.

  • Customer-centric approach: BOLT is committed to offering a customer-centric approach to its clients. This implies that their primary concentration is on understanding the unique requirements of every customer and creating transportation solutions that are tailored to their wants. BOLT places a high value on forming enduring bonds with its customers and offering them first-rate support.
  • Innovation: Innovative thinking is a core value of BOLT. They are always searching for innovative methods to enhance their offerings and contribute to the sustainable and efficient movement of liquid cargo. To increase operational efficiency and safety, they might, for instance, be creating new procedures or investing in new technologies.
  • Technology adoption: In the ISO tank container market, BOLT is a pioneer in the application of new technologies. To track and monitor their cargo, manage their fleet, and interact with their clients, they employ a range of cutting-edge IT solutions. This enables them to offer a more effective and transparent service to their clients.

Here are some additional factors that set BOLT apart from its competitors:

  • Young fleet: BOLT uses a young and modern fleet of ISO tanks, which sets them apart from competitors who may have older or less well-maintained equipment. This ensures that their tanks meet the latest safety standards, are cost-effective, and are environmentally sustainable.
  • Global reach: BOLT has a global network of partners that allows them to provide door-to-door transportation services to their clients around the world. This gives them a significant advantage over competitors who may only operate in a limited number of regions.
  • Safety record: BOLT has a strong safety record, which is a big value proposition for potential clients.
  • Competitive pricing: BOLT offers competitive pricing for its services.
  • Sustainability practices: BOLT is committed to sustainable practices, such as using fuel efficient vehicles and reducing its carbon footprint.

By focusing on these areas, BOLT is able to lead the liquid cargo transportation sector and offer its customers an exceptional level of service.

Achieving Consistency in Global Logistics

BOLT, a leading provider of door-todoor, door-to-port, and port-to-port transportation services, places a strong emphasis on consistency and reliability across its global operations. The company’s enthusiasm for quality is evident through several key aspects of its service delivery model.

  • Standardized Operating Procedures: The foundation of BOLT’s uniformity is the application of standard operating procedures (SOPs) throughout its global network. These standard operating procedures guarantee that, regardless of location, every step of the transportation process—from the first booking to the last cargo delivery—is executed precisely and consistently. This dedication to standardization reduces mistakes and hold-ups, guaranteeing a flawless client experience.
  • Global Partner Network: To deliver its door-to-door and select port-to-port services, BOLT relies on a meticulously vetted network of partners around the globe, including depots, terminals, and transportation providers. These partners are held to the highest performance standards and undergo regular audits to guarantee that they meet BOLT’s stringent quality and safety requirements. By carefully selecting and monitoring its partners, BOLT maintains consistency in service delivery.
  • Real-time Tracking and Visibility: BOLT’s advanced IT systems enable real-time tracking and monitoring of cargo throughout the entire journey. This modernistic technology allows the company to proactively identify potential issues, such as delays at ports or customs clearance challenges, and take immediate corrective actions to minimize disruptions. By providing clients with real-time visibility into their cargo’s status, BOLT ensures transparency and consistency in its service delivery.
  • Communication and Reporting: Clear and effective communication is the cornerstone of consistency in global logistics. BOLT maintains open communication channels with its clients throughout the transportation process, providing regular updates on cargo location, estimated arrival times, and any unforeseen circumstances. Additionally, the company offers comprehensive reporting tools that allow clients to track their cargo history and performance metrics, ensuring transparency and consistency in its service delivery.
  • Contingency Planning: Despite the best-laid plans, unexpected events can disrupt even the most well-organized operations. BOLT has developed robust contingency plans to address potential issues such as adverse weather conditions, mechanical breakdowns, or port congestion. These plans include alternative routes, backup transportation options, and established communication protocols for managing disruptions.

By anticipating and preparing for potential challenges, BOLT ensures that its pledge to consistency remains uncompromised.

Maintaining consistency across a global logistics network is an ongoing challenge, with external factors such as local regulations, infrastructure disparities, and unforeseen events posing potential obstacles. However, through its unwavering dedication to quality, BOLT continues to set the standard for consistency and reliability in the global transportation industry.

Elevating Singapore’s Logistics Hub Status

In several strategic ways, BOLT strategically utilizes Singapore’s unique advantages to bolster its position as a prominent global logistics hub:

Leveraging Singapore’s Strengths: 

  • Global Connectivity: Positioned strategically with top-tier port infrastructure, Singapore serves as an optimal hub for international cargo movement. BOLT effectively harnesses this connectivity through its expansive global network and comprehensive door-to-door services, facilitating the seamless flow of bulk liquid cargo through Singapore’s ports.
  • Advanced Infrastructure: Singapore boasts a high-tech transportation network and streamlined customs processes. BOLT’s reliance on a modern fleet and potential utilization of Singapore’s infrastructure for maintenance and repairs significantly enhance the overall efficiency of the logistics ecosystem.
  • Skilled Workforce: With a highly proficient logistics workforce, Singapore stands out as a hub for expertise in the industry. BOLT’s team of adept professionals, including safety and compliance experts, further enriches the talent pool, reinforcing Singapore’s reputation as a center for excellence in logistics management.

Specific Contributions:

  • Specialization in ISO Tank Containers: BOLT’s specialization in ISO tank containers caters to a niche segment of the bulk liquid cargo transportation industry, potentially attracting clients seeking this specialized service to Singapore.
  • Safety Focus: Emphasizing safety through qualified personnel, modern equipment, and advanced IT systems, BOLT aligns with Singapore’s renowned standards and reliability in the logistics sector.
  • Efficiency and Sustainability: BOLT’s emphasis on efficiency through technology adoption and potential services like one-way rentals can enhance the overall competitiveness and environmental performance of Singapore’s logistics industry.

Overall Impact:

  • By strategically operating within Singapore and capitalizing on its strengths, BOLT significantly contributes to and reinforces Singapore’s stature as a global logistics hub in the following ways:
  • Enhancing Efficiency and Expertise: BOLT’s vow to safety, technology, and the expertise of its team enriches Singapore’s talent pool and service offerings, elevating the efficiency and expertise of the logistics sector.
  • Attracting Clients to Singapore: By offering specialized and efficient ISO tank container transportation solutions, BOLT has the potential to draw clients who select Singapore as their logistics hub due to the presence of such specialized service providers.
  • Maintaining High Standards: BOLT’s focus on safety and compliance aligns seamlessly with Singapore’s reputation for reliability and exceptional standards within the logistics industry, further solidifying the hub’s global standing.

Success Stories

A few good client testimonials that illustrate the company’s excellent features are featured on BOLT’s website. They provide insightful information about BOLT’s service delivery.

  • Timely Response and Problemsolving: One of their clients expressed satisfaction with BOLT’s responsiveness in handling her ISO tank export needs. This confirms that BOLT prioritizes prompt communication and takes a proactive approach to problem-solving.
  • Competitive Rates and Service Delivery: One of the clients commends BOLT for delivering services “in order,” which likely refers to meeting agreed-upon timelines, costs, and overall service expectations.
  • Skilled Professionals and Tailored Solutions: One happy client highlights his appreciation for BOLT’s team of skilled professionals and their perseverance to provide “topnotch service” and “tailored solutions.” This suggests that BOLT goes beyond simply transporting cargo and offers personalized service packages that meet specific client needs.
  • Positive Working Relationship: One describes working with BOLT as an “absolute pleasure,” suggesting a positive client experience built on clear communication, professionalism, and successful project execution.

Vision: Pioneering the Logistics Frontier

With a conviction to stay at the forefront of the liquid logistics industry, BOLT’s future aspirations are centered around harnessing the power of technological advancements, embracing sustainability initiatives, and expanding its service offerings to meet the progressing needs of its clients.

Recognizing the transformative potential of automation and digitalization, BOLT is dedicating significant resources to further developing its IT infrastructure and exploring the integration of progressive technologies such as artificial intelligence (AI). These innovations hold the promise of optimizing route planning, enabling predictive maintenance for their fleet, and enhancing real-time cargo tracking capabilities, thereby elevating the efficiency and responsiveness of their operations.

As environmental concerns take center stage, BOLT remains steadfast in its pursuit of incorporating sustainable practices into every facet of its operations. This diligence is exemplified by their ongoing investments in a younger, more fuel-efficient fleet of ISO tanks that adhere to the latest industry standards. Furthermore, BOLT is actively exploring the potential of alternative fuels and biofuels, with the aim of reducing their carbon footprint and contributing to a greener logistics ecosystem. Complementing these efforts, BOLT is forging strategic partnerships with eco-conscious logistics providers within their global network, fostering a collaborative approach to sustainable transportation solutions.

Recognizing the versatile nature of client needs within the liquid cargo transportation sector, BOLT is actively expanding its service offerings to cater to a broader range of requirements. This includes the introduction of specialized services tailored to the transportation of particularly hazardous or temperature-sensitive cargo, ensuring that their clients’ unique demands are met with the utmost care and expertise. Additionally, BOLT is actively exploring opportunities to establish partnerships in new geographical regions with thriving economies, further extending their global reach and accessibility.

Moreover, BOLT is at the forefront of acknowledging the burgeoning trend of intermodal transportation, which seamlessly combines various modes of transport, such as road, rail, and sea. By integrating intermodal options into their service offerings, BOLT aims to cater to clients with complex transportation needs while potentially offering more competitive pricing structures. This holistic approach not only enhances operational efficiency but also aligns with the broader environmental objectives of reducing emissions and promoting sustainable logistics practices.

By continuously investing in these areas of innovation, sustainability, and service diversification, BOLT is poised to solidify its position as a preeminent force in the bulk liquid cargo transportation industry, driving progress and contributing to a more efficient, environmentally conscious, and technologically advanced future for the logistics sector.

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Nigel Glenday: How Masterworks Uses Market Intelligence to Make Art More Investable https://insightssuccess.com/nigel-glenday-how-masterworks-uses-market-intelligence-to-make-art-more-investable/ https://insightssuccess.com/nigel-glenday-how-masterworks-uses-market-intelligence-to-make-art-more-investable/#respond Thu, 09 Nov 2023 13:38:01 +0000 https://insightssuccess.com/?p=100269 Blue-chip art has long been a “passion investment” favored by the ultra-wealthy, while the rest of us were largely unable to get in on the action. By fractionalizing investments in paintings by the likes of Monet, Basquiat and Kusama into affordable shares of $20 and up, the Masterworks platform has effectively democratized the asset class. […]

The post Nigel Glenday: How Masterworks Uses Market Intelligence to Make Art More Investable appeared first on Insights Success.

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Blue-chip art has long been a “passion investment” favored by the ultra-wealthy, while the rest of us were largely unable to get in on the action. By fractionalizing investments in paintings by the likes of Monet, Basquiat and Kusama into affordable shares of $20 and up, the Masterworks platform has effectively democratized the asset class.

Although it’s this business model that has attracted much of the attention around this New York-based unicorn startup, it’s actually the use of advanced data analytics that has allowed Masterworks to offer impressive returns to its community of investors.

Having worked at some of the world’s leading investment banks for a decade, Nigel Glenday pivoted to the art investment space in 2015, when he joined Athena Art Finance as the Managing Director of Strategy. Four years later, he joined Masterworks as CFO.

You’ve been part of the Masterworks executive leadership team since the platform first launched. How has the company evolved most since those early days, nearly five years ago, and where do you see it headed?

Masterworks recently celebrated the fourth anniversary of our first painting launch. We’ve come a long way since. In the process, we have defined what it means to invest in art. At the outset, we were still learning about how much investor demand there would be for art as an investable asset class.

We had then, as we still have today, incredible conviction around art as investment – given its history, ability to appreciate in excess of inflation and low correlation to other assets. But investor demand was still totally unproven. As soon as we launched and sold out that first offering from Andy Warhol in mid-2019, followed quickly with our first Banksy offering, we knew we had found our market.

Fast forward to today, we have grown to over 400 individual painting investments totaling $1 billion, in the process become among the art market’s largest acquirers. We’re enabling the investment community broadly, whether your are a individual or a professional investor, to add high-value, high-appreciation-potential artwork to an investment portfolio as you would any other investable asset.

This is our core mission: to make art investible and for Masterworks to be synonymous with art investing. That means in the next five to ten years, the foundations we are building now will be powering art as investment across any portfolio type. Whether you are investing in artwork directly with us at Masterworks.com, or through a mutual fund with your investment advisor or through an investment fund in a pension plan, Masterworks will be the engine behind all of those.

What’s more, we have an incredible opportunity to share the art collection we are building with the world. We are already so proud to see some of our masterpiece paintings in major museum shows and we have much more in store on this front.

How do you see the Masterworks finance and data teams in particular maintaining a singular vision, even as they’ve grown rapidly in head count?

We look for the same combination in all the members of the finance and data analytics teams: core expertise, technical skill-sets and intellectual curiosity. You need to be the best at what you do, using 21st-century tools to operate – and just love to figure out how stuff works.

For our finance team, that’s how we’ve built systems to securitize and manage our 400 (and growing) artwork investment vehicles with investors from around the world. For our data analytics teams, it’s about developing a framework to understand art just the way an investor would any other investment – starting with simple questions about how the market has appreciated over time and what its risk characteristics are, to more advanced predictive analytics.

A major aspect of Masterworks’ draw is the way you use data to identify paintings that are most likely to appreciate in value. To do this, you’ve had to compile your own database of paintings that are resold. Please tell us about the conceptual origins of that database and how you contend with the biggest challenges associated with keeping it updated.

The good news is, the art market generates a lot of data and has been doing so for a very long time. This is among the factors that make art unique among other collectibles, be they cars, sport memorabilia, etc. The art market has existed for centuries, the majority of which transacts at public auction. So we can directly observe how much artwork sells for and when.

The first challenge is, nowhere is this data centralized or normalized in any useful way for investors. For virtually any other asset class, financial data is at your fingertips through Bloomberg, Thomson Reuters, Yahoo Finance, you name it. For art? You need to slog through countless different auction websites (just for what is online) and pore through libraries of auction catalogs. The few online databases that exist are narrowly designed for art market professionals, like appraisers, and not particularly useful for investors.

So it was clear to us from the outset for us to be able to substantiate an investment thesis around the art market, we needed data. That’s why we compiled it ourselves. This was a year-plus-long effort scouring through auction catalogs going back over three decades to compile a database of all auction sales.

But then there is the second problem: How do we create a price index when no two artworks are alike? In fact, each artwork is unique in its own way or “characteristic” assets. This differs from something like stocks, where one share of Apple common stock is no different than any other, so creating a stock index is a straightforward exercise. But what about art?

It turns out there are a few well-researched approaches to building a price index around assets similar to artwork, notably for residential real estate. Homes are also characteristic assets – they exist in a certain place, have a certain size, a certain age, etc. Much the same way an artwork is painted by a certain artist, has a certain size, was painted on a specific date. So the way to account for these characteristic differences is to observe how the same object, be it a home or an artwork, sells multiple times.

This is called a “repeat sales” approach to building a price index, and it addresses precisely this issue. If we see an artwork sell for X at a certain date and then sell again Y at a later date, we can calculate its price appreciation and, even more, if we do this over tens of thousands of repeat sales we can create a price index that tells us something about how the art market appreciates as a whole.

As it turns out, for contemporary art in particular, it does remarkably well. We observed that, over the past 25 years, contemporary art has appreciated 12.1% annually on average or 1.9X% the S&P 500 and with negligible correlation to the S&P 500. This was an incredibly important foundation to our investment thesis around art as an investable asset.

To see the most ROI possible from blue-chip art, Masterworks’ own messaging has emphasized the need for extended holding periods of up to ten years. On the other hand, in order to demonstrate that the platform is already driving value to its user base, you’ve sold some pieces much more rapidly, in some cases after less than a year. What kind of financial modeling do you use to decide when to sell what assets, given the balance of these two objectives?

We’ve purposefully designed our artwork investments to be long-term, capital appreciation vehicles and are ideally suited for investors with a long-term investment horizon. At the same time, we’ve also structured them with the flexibility for Masterworks to sell artwork when we find opportunities to deliver attractive returns to our investors. So, there is a balance of course.

We are continually monitoring transaction activity in all the artists markets we own. We spend a lot of time estimating supply and demand in each market – not easy! Importantly, we overlay all this quantitative data with the incredible market intelligence our acquisitions and private sales specialists are gathering every day, as they are transacting on new artwork with thousands of other art market professionals and individual collectors.

We don’t need to guess about the art market, because we are in it. So while we love and will continue to hold our portfolio for the long term, we do get presented with terrific opportunities to sell and where those can generate a great return for our investors, we want to be able to move on them.

To what extent is the individual’s subjective love of art important when your team assesses the investment performance potential of a given piece?

Zero. Our goal is to deliver attractive returns to our investors that are consistent with the high-value contemporary art market. In that, we are hyper focused on understanding what, why and how artwork appreciates over time. This is, first, a data exercise, then enriched by on-the-ground market intelligence from our incredible acquisitions and private sales teams.

To do anything else would be a disservice to investors and, certainly, our team’s personal taste preferences are irrelevant.

By making art more investible, is Masterworks taking love of art out of the picture, effectively turning the asset class into a commodity like any other?

This question presents a false choice. What makes art powerful, culturally significant or engaging is not mutually exclusive from its ability to appreciate in value – these are invariably interlinked.

The data bears this out. Research from Deloitte has shown that the majority of art collectors view their collections, at least in part, from an investment perspective, and this is only natural. If one is spending upwards of $1 million on anything, it is an asset. So answering questions about store of value, ability to appreciate, ability to sell become fundamental. Art is no different – it is a passion asset with the ability to appreciate in value as a result of a whole host of factors: some relating to the cultural significance (or how “important” an artwork might be) and others related to macro-economic factors like wealth generation among the global ultra-high-net-worth community.

Masterworks doesn’t change any of this. What we simply do is deliver the art market to the investor community, who are by definition motivated by an investor objective and who share in our investment conviction, in a format and framework that they can understand and take action on. And, in the process, we just so happen to be building a generational art collection that we are thrilled to be able to share with the art loving public.

Read More Click Here

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MAP FinTech: Technology at the heart of Regulation. https://insightssuccess.com/map-fintech-technology-at-the-heart-of-regulation/ Tue, 20 Jul 2021 06:24:02 +0000 https://insightssuccess.com/?p=46699 Considering the high levels of regulation in the financial services sector, it makes perfect sense for firms to rely on efficient and cost-effective technologies to manage and fulfil the multiple regulatory compliance functions required to run their businesses and remain compliant. With this trend gaining momentum, it’s imperative for firms to embrace RegTech and fully […]

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Considering the high levels of regulation in the financial services sector, it makes perfect sense for firms to rely on efficient and cost-effective technologies to manage and fulfil the multiple regulatory compliance functions required to run their businesses and remain compliant. With this trend gaining momentum, it’s imperative for firms to embrace RegTech and fully understand how these technologies can impact their business moving forward. It’s not enough to simply react to the compliance requirements imposed by new regulations as they are brought into line; firms must prepare ahead of time to tackle the rules that will be rolled out during the next five years and beyond. Consequently, adopting a solid RegTech framework to effectively comply with all financial regulations could also help boost a firm’s profitability and overall efficiency.
MAP FinTech has managed to combine compliance and technology successfully and innovatively. Its technology and compliance teams are closely synchronized. This allows the company to be flexible, efficient, and effective in supporting the new demanding and dynamic requirements of Global RegTech. Mark Ellis is the Senior UK Business Development Manager at MAP FinTech. As regulatory technology continues to evolve, MAP FinTech’s mission remains to provide its clients state-of-the-art scalable solutions, that simplify the way that they meet their regulatory obligations without burdening their operational flexibility.
In an interview with Insights Success, Mark Ellis shares the journey and contribution of MAP FinTech in the financial services industry through its innovative solutions.

“MAP FinTech is a leading and award-winning regulatory technology provider for the financial services industry, specializing in regulatory reporting solutions.”

Below are the highlights of the interview:
Talk to our readers about MAP FinTech, and its journey since inception / List of the popular services that make your company standout from the competition.
Founded in 2013, MAP FinTech is a leading and awardwinning UK and EU regulatory technology provider for the financial services industry, specializing in reporting solutions arising from the requirements of a number of complex and challenging international regulations such as EMIR, MiFID II/MiFIR, SFTR, FATCA, DAC6 and CRS. MAP FinTech also provides innovative and comprehensive solutions for Best Execution Monitoring, RTS 27/28 reporting, AML Transaction Monitoring and Screening, Trade Surveillance (Market Abuse), and eKYC (Screening, eIDV, Document Authentication).
MAP FinTech, has been one of the First providers in Europe to have reported under European Market Infrastructure Regulation (EMIR) with 2 Billion+ transactions successfully reported thus far since February 2014. We currently serve over 180 B2B global clients and have been recognised as having the Best Innovative Technology for Regulatory Compliance for 2021 at the RegTech Insight Awards and the Best RegTech Reporting Solution at the Finance Magnates London Summit in 2019. MAP FinTech was also listed as one of the most innovative companies in the world for 2020 and 2021 by RegTech100. MAP FinTech’s innovative solutions are currently used by LSE listed brokers including some of the biggest CFD MAP FinTech is a leading and award-winning brokers in the world.
How do you bring Regulatory Reporting Services with MAP FinTech’s easier, faster, and more cost-effective solutions?
All MAP FinTech’s solutions are delivered under its powerful and award-winning Polaris Platform. The Polaris Platform empowers MAP FinTech with complete control of the entire process, from data sourcing to reporting and monitoring and it delivers unparalleled flexibility to quickly adapt to new and evolving regulations. Additionally, the Polaris Platform enables the required conversions, enhancements, and re-formatting of the gathered data, preparing them for submission.
The Polaris Platform automates complex workflow processes enabling to review results and ensure accuracy, along the complete cycle. It also adapts to changes across institutions, geographies, and jurisdictions without systems re-engineering, reducing implementation times. Finally, it offers a flexible foundation from which to achieve compliance and help meet the current and future reporting demands of regulatory authorities.
What makes your organization’s Comprehensive and Innovative Solutions a preferred choice for your clients over the competition?
MAP FinTech is not just a technology company that develops software to enable you to report. At the core of its offering lies compliance. MAP FinTech provides quality assurance that the reporting obligations are correctly covered in terms of data quality. If the need arises, the firm can also directly support businesses before any national competent authority without needing any external thirdparty advisory or assistance. MAP FinTech can directly and uninterruptedly report to a number of EU national competent authorities. Our products have been repeatedly tested and passed several rigorous reviews by EU regulatory authorities, providing full transparency for both clients and EU national competent authorities. Moreover, the company offers financial institutions the unique facility to comply with a firm’s reporting obligations before the regulatory authorities, carry out audit trails, and conduct their own reconciliations.
As mentioned above, all MAP FinTech’s solutions are delivered under a single and powerful platform, the Polaris Platform. Besides transaction reporting, the Polaris platform combines under a single user interface, unique solutions such as Market Abuse Surveillance, AML Transaction Monitoring, Best Execution Monitoring, RTS reports, CRS/FATCA reporting. This allows MAP FinTech to package its offerings to clients by reducing direct and indirect costs, maintain a single point of contact for support and access to the system and avoid the need of multiple integrations with various vendors, thus saving time and resources.
MAP FinTech’s dedicated and experienced support team specialises in regulatory reporting, providing continuous support on what is needed to master transaction reporting requirements. This starts from the onboarding phase and covers the whole process up until the initiation of the live reporting, the handover of the platform to the client, and ongoing day-to-day support.
Last but not least, MAP FinTech is a member of MAP S.Platis Group, a leading financial services consultancy group in the region that maintains one of the largest and most experienced teams of financial services compliance experts in the EU. This ensures that clients receive the best compliance support and guidance from industry experts in the EU, but also in the UK via Complyport, a leading London-based compliance advisory firm with more than 20 years of experience.
How do you envision on sustaining your company’s competency in a cutthroat and volatile world of business? Where do you see your company in the next five years?
We resolve to continue delivering exceptional, innovative, and one-of-a-kind solutions to our clients and partner firms. This includes our best-in-class regulatory reporting technology services and tools that allow those companies working with us to achieve best results. The combined expertise of compliance and technology teams underpins the company’s success in providing targeted solutions to its clients and addressing their reporting needs across a diverse regulatory landscape. Our flexibility to build and support completely customized solutions is what gives us the edge. Agility is the key. Personal care for each customer, commitment and innovation is the customer service model the company uses and will continue to use the years ahead.

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LogSentinel: Improving Cybersecurity with Threat Detection and Response. https://insightssuccess.com/logsentinel-improving-cybersecurity-with-threat-detection-and-response/ Tue, 20 Jul 2021 06:22:06 +0000 https://insightssuccess.com/?p=46698 In the world of digitalization, it is essential to protect the important information from the potential cyber threats. It has become the obvious reality in recent years that one can’t ignore information security, as the risks are too high, and one can’t afford getting breached. LogSentinel delivers robust and reliable cybersecurity solutions to protect data […]

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In the world of digitalization, it is essential to protect the important information from the potential cyber threats. It has become the obvious reality in recent years that one can’t ignore information security, as the risks are too high, and one can’t afford getting breached. LogSentinel delivers robust and reliable cybersecurity solutions to protect data breaches and insider attacks, as well as it ensures a higher level of compliance with legal standards and regulations.
LogSentinel is an information security company that was founded several years ago with the vision of improving security for everyone. It was started with protecting the integrity of log collection and grew to offer a full-featured Security Information and Event Management (SIEM) solution. Bozhidar Bozhanov is CEO at LogSentinel. He is a senior software engineer and solution architect with over 10 years of experience in the software industry.

“LogSentinel is an information security company helping businesses of all sizes to prevent data breaches and simplify compliance.”

Leveraging the Latest Technologies
LogSentinel is passionate about information security and believes in privacy as a human right. Its mission is to help boost IT security processes of organizations by leveraging the latest technologies including blockchain and AI along with industry best practices. LogSentinel SIEM is an easyto-use next-gen SIEM system that helps its customers to reduce the time and cost of incident detection, investigation, and response by over 90%. By leveraging the latest technologies like blockchain and machine learning, it enables security teams to eliminate their blind spots and prevent any security incident in real-time.
Guaranteeing the Integrity of Data
LogSentinel is zealous about what it does, and the products it creates that entirely protect personal, confidential, and sensitive data of the organizations so that organizations can focus on achieving their business goals without worrying about data breach and its security. LogSentinel’s fundamental priority is to keep critical data of organizations safe by using state-of-the-art way to store, monitor, and analyse their business-related events.
LogSentinel offers absolute integrity guarantees for the collected data. One can use company’s system to prove to third parties, including courts, auditors and regulators, that the digital evidence that was collected hasn’t been tampered with. This is a strong requirement for many sensitive industries. LogSentinel prides itself with the ease of integration and ease of use. SIEM projects are typically very complex and often have unsatisfactory results due to the complexity of integration – company fixes that with a lot of flexibility on the data collection side. LogSentinel offers a predictable pricing model that scales down to allow mid-market companies and SMEs to fully benefit from SIEM.
One-of-a-kind Security Innovation
LogSentinel SIEM offers one-of-a-kind security innovation: privacy of logs, audit log integrity, unlimited retention, and full visibility, all at a flat and predictable fee, estimated by the number of active users. It provides a solution that was previously thought to be only fit for large enterprises, to customers that could not have afforded it, and who are left vulnerable because of that.
Today, LogSentinel is happy to help small and medium enterprises in their cybersecurity and compliance efforts because the world won’t be more secure if a few large companies buy every security product out there. It will be more secure only if every enterprise has access to the best tools. Log management, behavior analytics, advanced AIdriven threat detection and incident response into a complete security monitoring platform – LogSentinel SIEM offers simplicity, predictability, and innovation like nobody else on the market.
Ensuring Endpoint Protection
The pandemic drove many companies to remote work setups which complicate security and that making 360- degree security monitoring extremely important. Organizations cannot afford to miss any source of security related logs and events and cannot afford to trust that home computers are safe, and this is why segments like endpoint protection and SIEM is becoming more and more relevant. LogSentinel’s zero-setup cloud SIEM and its open-source collector and agent can handle every system and every setup even in complex organizations.
Facilitating Digital Transformation
Certainly, remote work is here to stay, and the software industry can make great use of it. But COVID-19 is driving digital transformation in many industries, including the public sector. This is great for software outsourcing, as many businesses will require new systems and new integrations, but is also great for security companies like LogSentinel, as the attack surface is increasing. LogSentinel’s plans are to increase its portfolio of out-of-the-box supported solutions for security monitoring so that any digital transformation project can benefit from great security monitoring and threat detection.
Being Ethical
CSR for a startup is different than CSR for a large corporation. First and foremost, LogSentinel believes in ethics – being ethical to partners, competitors, and customers. This changes the environment for the better.
Reputable Cloud Services
The hard thing about cyber hygiene is finding the time and resources to enforce best practices. LogSentinel prioritizes low hanging fruit in its company, including 2FA and having reputable cloud providers.
Scope for Improvement
Bozhidar states that lot of improvements can be made in the cybersecurity industry in order to account for a complex business environment. He believes that volatility should be met with flexibility and endurance. If something doesn’t work, he advises to adapt, pivot, overcome. He says that Logsentinal’s direction in coming years would to be to fulfil the vision of providing great security tools to organizations of any size.

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Sedicii: Making Identity Verification More Secure than Ever. https://insightssuccess.com/sedicii-making-identity-verification-more-secure-than-ever/ Fri, 07 May 2021 15:49:06 +0000 https://insightssuccess.com/?p=44519 Sedicii, headquartered in Waterford, Ireland was founded in 2013. It is the sixth start-up founded by serial entrepreneur Rob Leslie, Founder & CEO of the company. Sedicii is creating a global federated privacy ecosystem where governments, financial institutions, national utilities and telco’s will be the foundation for KYC, KYB and AML services in respect of […]

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Sedicii, headquartered in Waterford, Ireland was founded in 2013. It is the sixth start-up founded by serial entrepreneur Rob Leslie, Founder & CEO of the company. Sedicii is creating a global federated privacy ecosystem where governments, financial institutions, national utilities and telco’s will be the foundation for KYC, KYB and AML services in respect of a private individual. At the core of Sedicii’s services is its patented ZKP (zero knowledge proof) protocol. ZKP allows for the verification of personal ID without either party to the verification process having to share the raw data. “Rather than the traditional method of documentation verification, the future is to rely on authoritative data to prove identity – while concurrently protecting the privacy of the individual,” says Rob.
Rob asserts “there is nothing that focuses your mind about the importance of privacy like having your personal information and credentials “hacked” online. Working in my previous company, Kyckr, we worked on KYC for companies and entities, and I saw the next natural step as personal privacy and so Sedicii was founded.”
In an interview with Insights Success, Rob Leslie shared his view on a variety of reasons why electronic identity verification is critical in modern times, and how Sedicii is embarking on providing “best in class” digital identity.
Below are the highlights of the interview:
As a security solutions provider company, what contribution has the company made in assisting its clients in achieving measurable goals?
The Sedicii development team are passionate when it comes to helping our clients through the process of integrating our technologies seamlessly into their existing workflows. We fully acknowledge that the concept of verification without information sharing is hard for people to get their heads around. We expect and – dare I say it – welcome the “Doubting Thomas” sceptic. However, the measurable goals show almost instantaneous benefits in terms of cost-effectiveness, real-time validation, enhanced privacy, efficiencies and reliability.
How does Sedicii’s solution differ from the other companies’ solutions?
In the context of Anti-Money Laundering (AML) transaction monitoring processes, using Sedicii’s solutions enables banks to better collaborate where they can jointly compute advanced risk assessment algorithms that consume customer information available in the different banks without actually having to share that information -. all enabled by using Sedicii’s patented multi-party computation (MPC) cryptographic protocol.
Sedicii’s solution allows financial institutions to securely share the insights they have about clients or transactions, without disclosing the underlying confidential data or information (PII). This enables financial institutions to identify potentially suspicious transactions more clearly and accurately by combining the risk information they have – which enables more effective detection of criminal activity.
Give an insight about importance of AI in security solutions and how aspects of the solution are changing with the advancement in technology?
Sedicii is spending significant time and effort working on the development and refinement of new technologies in the areas of advanced cryptography, biometrics and artificial intelligence. These capabilities allow us to deliver more robust verification capabilities which protect privacy and confidentiality without compromising on the need to hold the data that proves someone really is who they claim to be.
Give a detailed description of the featured person’s influence over the company and the industry.
Rob is a serial entrepreneur and a World Economic Forum (WEF) Technology Pioneer. He has spoken at Davos on cybersecurity, digital identity and other technology issues affecting the world’s economies. Additionally, Rob has spoken at worldwide seminars and conferences such as EU Parliament (ESPAS) Conference, the International Economic Forum of the Americas Conference, Montreal, Canada, the Horasis Global Summits where he is regarded as an industry leader. In addition to addressing these important global communities Rob believes strongly that listening to the experiences of others keeps him up to date with the latest technologies and relevant trends as well as allowing him to meet with other like-minded creative professionals.
As a Founder / CEO, Rob is very hands-on and has had a deep involvement in the evolution of Sedicii. “In the early years, I was it!” Rob says. “I researched ZKP for almost two years whilst working at my previous company Kyckr and in 2016 relinquished my role there to concentrate fulltime on Sedicii”. “I sought out investors, did the market research and finally in 2016 we began our growth from one person to today’s group of 16 people” The company is now multi-locational with finance and operations at our base in Waterford, Ireland, innovation and strategy is based in the U.K. and technology development is based in Belgium and the Canary Islands.
How do you sustain in the current unpredictable markets and hectic competition?
Sedicii is on a mission and has seen a definite increase in organisations looking to collaborate over the past 12 months. In many respects, Covid-19 has focused minds on the positives and negatives of becoming digital by default. We regularly hear in the media of the huge growth in online activity be it retail, commercial, banking or social. We also hear of the corresponding significant growth and the upsurge in fraud, impersonation, personal and financial theft. Pre-Covid, perhaps we were in denial of the relevance or importance of keeping our private information private? Perhaps the internet problem, described by Andrew Grove former CEO, COO and Chairman of Intel when he said “Privacy is one of the biggest problems in this new electronic age”, will finally be taken seriously. We are sustained by the team’s utter conviction in our products and services and the prediction of former BBVA Head of Open Innovation who stated that “Sedicii is the start-up with the greatest potential to transform the financial sector in the next 10 years!”.
What is your vision for Sedicii? And what would be the best roadmap for getting there?
By working with other like-minded organisations and building a global federated network Sedicii’s vision is to make the Universal Declaration of Human Rights real such that “No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honour and reputation. Everyone has the right to the protection of the law against such interference or attacks” while accessing technology at the same time.
The roadmap is created through a combination of our investors, employees, stakeholders who believe in our vision and for whom all seek to succeed. Additionally, the roadmap includes our customers, partners and community whose online experiences will become more secure and who will see reputational enhancements, organisation cost effectiveness and operation improvements in efficiencies.

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DeltaconX: Unifying Regulatory Compliance. https://insightssuccess.com/deltaconx-unifying-regulatory-compliance/ Fri, 07 May 2021 15:48:01 +0000 https://insightssuccess.com/?p=44518 During the last few years there has been a clear trend to use cloud-based solution. The advantages of a centrally managed and maintained private cloudbased reporting platform that can be accessed from everywhere in the world are always existent. deltaconX AG believes that cloud computing and in consequence outsourcing of data centres is the future […]

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During the last few years there has been a clear trend to use cloud-based solution. The advantages of a centrally managed and maintained private cloudbased reporting platform that can be accessed from everywhere in the world are always existent. deltaconX AG believes that cloud computing and in consequence outsourcing of data centres is the future for most industries. The company is working with two highly secure data centres (Tier 4) in which its data and its customer data is maintained. deltaconX AG offers its solution as private cloud solution since 2013 as it realized these advantages much earlier. The pandemic has even more accelerated the trend to use cloud-based solutions.
deltaconX AG’s main sector of activity is the financial industry but also non-financial companies are among its clients. As a Swiss company based in Lucerne, deltaconX AG is a full-service provider offering a unique software and support package specifically tailored to European Financial, Energy, and Commodity trading organisations to cover multiple jurisdictions within a unified regulatory platform.
At the helm of the company is its elite leadership team. One of the key members of the company is Fabian Klar, Director Sales & Customer Relations.
Strong Position in Financial Sector
deltaconX AG’s deltaconX regulatory platform has been launched as a private cloud solution in 2013 to offer a reporting solution under the European Market Infrastructure Regulation (EMIR). In 2015, the reporting obligation under the Regulation on wholesale Energy Market Integrity and Transparency (REMIT) has kicked in and company included the module to its solution. In 2017, the Financial Market Infrastructure Act (FMIA or FinfraG) in Switzerland came into force and it won 50+ financial institutions in Switzerland.
In 2018, the Markets in Financial Instruments Regulation (MiFIR) entered into force in Europe and it has included transaction as well as trade reporting modules into its regulatory platform. In July 2020, the Securities Financing Transaction Regulation (SFTR) reporting obligation came into force. With the introduction of this highly complex regulation into its deltaconX regulatory platform, the company has significantly strengthened its positioning in the financial sector.
Clients from Different Sectors
Today deltaconX AG reports on behalf of over 200 direct and indirect clients coming from different sectors. It has its Energy and Commodity trading organisations on one hand and on the other hand it has its clients from the financial sector being banks, asset managers, insurance companies or pension funds. Even industrial clients that are active in the capital markets (mainly FX trading) are among its clients.
Beside the company’s direct clients, it also has partnerships in place with some of the most prestigious software vendors in the financial industry. It has been white labelling its platform to Finastra and SimCorp and has a connectivity agreement with Murex in place. It plans to further extend such partnerships and are confident that it can announce at least 1-2 new cooperation within 2021.
Easing Regulatory Reporting Processes
deltaconX AG’s vision is to become the strongest FinTech/RegTech community in unifying regulatory compliance processes by providing its centralized deltaconX regulatory platform. The company intends to ease regulatory reporting processes of its clients as much as possible while reducing the total cost of ownership significantly.
Brexit has also been a topic that kept deltaconX AG busy over the last months as depending on the regulation, reports must either be split between both regulations or even double reporting might be necessary for certain transactions and constellations. deltaconX AG has established additional EMIR UK, MiFIR UK and SFTR UK reporting modules that include rules engine defining under which regulation a transaction or even a delegated report needs to be reported.
Multi-Regulatory Platform
The deltaconX regulatory platform is a state-of-the-art multi-regulatory platform offering various possibilities regarding data management, exception management, reconciliation management as well as a whole sweep of useful functionalities like UTI generation and sharing, an LEI-Repository which is directly connected to the GLEIF database, just to name a few. In its unique platform, all reports and records for supported regulations can be accessed, including the entire history of the reported transactions. Regulatory changes are mainly done by deltaconX on the centrally managed platform. Using deltaconX AG’s service enables IT resources of clients to work on their primary activity.
The regulatory platform enables 100% predictable costs due to the Service fee including all regulatory changes. No extra fees for release upgrades. The company wants to extend the regulatory offering by upcoming reporting modules. It intends to extend regulatory reporting by additional reporting channels. There is no need of dependency on reporting channels decision to continue or discontinue the reporting services. deltaconX will take care to find an alternative and to connect to these. Reduced implementation and maintenance cost as only one integration is required. Flexible integration as deltaconX AG’s solution can accept declarations in XML, CSV, Excel and flexible connectivity types: API, SFTP and manual upload.
Reducing Operational Costs of Clients
deltaconX AG is constantly enhancing the features of its platform and extending the regional coverage. It is not seeing itself as a vendor but more as a service provider and partner that is evolving together with its clients and partners. Being close to the market, understanding the markets needs and delivering a service that is helping its clients to make their life easier and to reduce operational costs is its main focus.
Extending Regional Coverage
In 2021, deltaconX AG plans to extend its regional coverage by also offering Dodd Frank (CFTC and SEC) reporting in the US, ASIC reporting in Australia, MAS reporting in Singapore, CSA reporting in Canada, HKMA in Hong Kong.
In time of five years, deltaconX AG aims to be a global leader in the regulatory reporting space and covering regulations from all over the world and supporting clients from all over the globe. It will cooperate with the majority of the financial front-office system providers and will transform regulatory reporting from a pure cost centre into a differentiator for its clients.
Fulfilling All Regulatory Reporting Obligations
“For us, working with deltaconX is not just about having a soluon provided by an external vendor. Instead, deltaconX has proven to be more of a partner, supporting us with their broad knowledge on regulatory reporting burdens.” – ERSTE Group
“We decided to go with the deltaconX SFTR solution because the respective product is very intuitive to use and could be implemented with little effort as well. The deltaconX regulatory plaorm is highly user-friendly and enables us to easily create SFTR reports in an efficient way and to be 100% compliant all the me. In addition, there is the prospect of connecting further regulatory topics such as EMIR all within one interface which makes it more comfortable for the back-office departments.” – DZ PRIVATBANK
The reporting start went well for us.
We would like to thank the team of deltaconX for the support and can particularly emphasize the feedback management and the high response speed. – SOBACO
“deltaconX perfectly fulfils the function as a central platform for different regulatory reporting like EMIR, FMIA or MiFIR and convinces with innovative spirit, flexibility and great support.” – Investbanks Berin
deltaconX is a reliable and credible partner that provides a highly flexible solution for the coverage of dc’s regulatory reporting obligations.
The robust technical platform has definitely helped us to streamline and automate the reporting processes, which ensure regulatory compliance with both existing and upcoming regulation regimes.
Great support from deltaconX that is always sensitive to our specific business needs is highly appreciated. – Danske Commodities

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Jeff LoCastro: A Remarkable Record of Developing Companies https://insightssuccess.com/jeff-locastro-a-remarkable-record-of-developing-companies/ Wed, 03 Mar 2021 06:05:59 +0000 https://insightssuccess.com/?p=42796 In the era of personalization, shouldn’t decisioning also be personalized? To understand this concept Jeff LoCastro – Founder & CEO at Neener Analytics pioneered the concept of human-based data. His idea was always to “humanize” the data and use only data that is unique and individual to a specific human being throughout the decision chain. […]

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In the era of personalization, shouldn’t decisioning also be personalized? To understand this concept Jeff LoCastro – Founder & CEO at Neener Analytics pioneered the concept of human-based data. His idea was always to “humanize” the data and use only data that is unique and individual to a specific human being throughout the decision chain.

“What if you could sit each customer down with a psychologist and ask them, “are you really going to pay us back?”  Because that’s the question, right? The question is not CAN they, the question is WILL they”

In an interview conducted between Insights Success and Jeff LoCastro, he discussed using today’s technology to decision people the way people used to be decisioned, how it all started, and the concept of Human Data. Below are the highlights of the interview:
What led to the inception of the company?
I lived in China for two years and about 6-months before coming home, I made a list of the first things I had to do when I got back. As my California Driver’s License had expired while I was out of the country, that was the first thing on my list. I wondered why was that? How had that made #1. I still knew how to drive. So why was that #1 on my list?  I wondered, “So, I was only ‘valid’ if the California Department of Motor Vehicles said I was?” That’s insane. How did my grandparents’ function without walking around with their ID all the time?” How was my grandfather able to get a loan? or whatever, without a wallet full of government ID’s or even a credit score?  He was able to do it because his banker, for example could say, “I know you!” the banker knew my grandfather’s story. And where is that story being told? Social Media. Neener Analytics was born.
Describe your company and its cutting-edge solutions which addresses all the needs of your customers.
What if you could sit each customer down with a psychologist and ask them, “are you really going to pay us back?”  Because that is the question, right? The question is not CAN they, the question is WILL they.
We’ve developed a regulatory compliant AI-based financial risk decisioning technology using 1-click social media or any media used socially to help lenders better decision and understand specific individual risk outcomes for thin-file, no-file, and credit challenged consumers. 1-click AI-based financial risk decisioning technology using Small Data.
Better decisioning thin-file, no-file, the credit challenged and increasing Financial Inclusion, is not a “data” problem. It’s a “Human” problem. Lenders don’t want to know if the consumer’s “data” is going to pay them back; they want to know if the CONSUMER is going to. Which is why we have pioneered Human-Data and created the branch called Human-Data Science™.
Could you throw some light on your mission and vision statement?
There was always a lot of talk about “Big Data.” And everybody cheered it. But big data is not a new concept. It’s been around for a hundred years and it’s pretty basic stuff. But most people don’t really know what it is. Essentially, big data are aggregations or bins of motivations, behaviors, or affinities. And everyone you think that exhibits those motivations, behaviors, or affinities get tossed into that bin. But what does it mean? Well, you’re not really sure so you need more aggregations and bins to toss people into. Basically, big data is the practice of, “I don’t know you, but I know people like you.” What a horrible way to make a decision or form an opinion about someone!
In fairness, big data is a perfectly acceptable way to make, for example, marketing decisions. But it is a terrible way to understand authentic outcomes, especially financial risk outcomes. Big data by its very nature creates disparate impact.  There had to be a better way.
Before big data models, how did people make (accurate) decisions about other individual human beings? How did my grandfather get his first home loan back in 1940? He just walked into the bank, said he wanted a home loan, and the banker said, Yes. I know you.” The keywords are: I. Know. You. But how did he know? The banker didn’t have a lifetime record of all my grandfather’s transactions. And he didn’t have a collection of his complete payment history. But he KNEW my grandfather would pay him back. That banker knew this based on the conversations and communications he had with him over time. He knew this by having listened to how my grandfather talked about the things in his life: his words and his communications. Exactly what human beings do with other human beings.
This is the innovation, except not using big data. This is not sentiment analysis or Likes & Friends or Key words or phrases.  We have cracked the code on Small Data. And Small Data = I know you.
Describe in detail the work culture and the values that drive your company.
Leaders don’t lead alone.  I think the most important job of any leader is building the team; the #1 priority is putting great people in the right place to succeed. Great leaders attract talented people and put them in a position to win.
I don’t like to put too many boundaries on people and what we do. People should not be afraid to make mistakes.  When your daily task is innovation and not caretaking, if people are “afraid” you at worst stagnate and die or at best move super-slow and fall behind  . . . and die.

  1. Hire only people that have shared values. I’d rather have the second-best player who shares our values than the best player who doesn’t.
  2. Give people freedom to make mistakes. Encourage failure (so-to-speak). When people aren’t afraid to fail, they try all kinds of crazy things.

What is your idea of Corporate Social Responsibility?
I think people make that idea more complex than it needs to be. Ideally the business itself is creating value for people, the economy, and the community, filling a void. And regardless of the business or industry, treat everyone in the community as if they are customers. Because no matter what you sell, what you build, or what you scale; good businesses touch everyone somehow directly or indirectly.  Because the true measure of a man (and a company) is how well he treats people who can’t do anything for him. My CSR philosophy flows from that.
What are your company’s future aspirations? What strategies are you undertaking to achieve those goals?
We are really pioneering the idea that the consumer is their own data. And the consumer as their own source of data is the future of all consumer engagement. We are currently in 11 countries and I see us owning specific market regions in the next 10 years. We’ve already built out 2 product lines, each delivering 5 decisioning products. We have another line slated for 2021 and are on track for a new line each of the next 5-years while continuing to expand our decisioning capabilities.
We’ll have offices globally connecting banks, lenders, insurance companies, real estate companies and others with 4-billion currently invisible consumers globally.

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Elton Johnson, Jr.: A Combat Vetrepreneur https://insightssuccess.com/elton-johnson-jr-a-combat-vetrepreneur/ Wed, 03 Mar 2021 06:01:22 +0000 https://insightssuccess.com/?p=42791 Being a business leader is a calling. One should not do it just because it is a job. It is a calling, and you have got to be involved in it with your head, heart, and hands. Your heart has got to be in the job; you got to love what you do; it should […]

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Being a business leader is a calling. One should not do it just because it is a job. It is a calling, and you have got to be involved in it with your head, heart, and hands. Your heart has got to be in the job; you got to love what you do; it should consume your consciousness. One such conscious and intuitive business leader is Elton Johnson, Jr., the Founder, Chairman and Former CEO of AmeriVet Securities, Inc. (“AVI”, “AmeriVet”).

“AmeriVet leads the way!”

AmeriVet Securities was formed in 1993 to take advantage of a new California law that placed disabled veteran owned and operated companies in the same special category as female and minority owned and operated companies. Elton Johnson, Jr., is a disabled veteran due to an injury he suffered during a parachute training exercise in 1988 when he was serving in a U.S. Army Reserve Special Forces unit (Green Berets).
Exemplifying Proficiency in the Financial Services Industry
Elton has 43 years of experience in the financial services industry. He started AmeriVet with a borrowed $1150 and in twenty-seven years as its CEO, he grew the company to forty full time employees and registered reps who altogether, generated over $8 million in annual gross revenues resulting in over $1 million in profit in 2020. The mission statement of AmeriVet Securities, Inc., read as follows: “A Service-Disabled Veteran Owned Business (SDVOB) and a Minority Business Enterprise (MBE) that specializes in capital markets, public finance, agency trading, and other financial services for institutional clients and is committed to hiring and training U.S. military veterans and providing them with opportunities for advancement in the financial and corporate sectors.”
Effective use of Securities Platforms
AmeriVet Securities, Inc., is a full service, special category (SDVOB and MBE), institutional broker-dealer providing the highest, most dedicated, and most professional standards of service through its multiple lines of business for its institutional clients. The company’s cutting-edge solutions, which address all the needs of its customers, all deal with its focus on the most effective and expedient use of the latest financial/securities platforms in its industry that include both commercial and proprietary platforms. It prides itself on its reputation for the effective use of financial/securities platforms to service its clients and it is this reputation that sets it apart in the securities industry from the other special category broker-dealers.
Licenced Stockbroker
Elton Johnson, Jr., has been a licensed stockbroker for over forty-three years. He currently holds fourteen securities/commodities licenses putting him in a small unique group in the securities industry whose members hold, or have held, a dozen or more licenses. His mark upon the securities industry is that he is the first Main Principal of a broker-dealer to operate his company from a combat zone since World War Two. He also has the distinction of being the only Main Principal of a broker-dealer to have ever served in combat and have a price (bounty) put on his head. This happened twice: in Iraq in 2004 when he served as the official Paymaster for the Iraqi Armed Forces ($20,000 bounty) and in Afghanistan in 2011 when he served with the Afghan National Army Special Operations Advisory Group (ANASOAG; $1000 bounty).
Ensuring Great Success
Elton Johnson’s influence over his company comes in the form of the leadership skills and principles that he has applied to the successful operation of AmeriVet which he learned in the US Army and the US Marine Corps. Having completed several military leadership professional development courses during his military career, including courses from the US Army Command and General Staff College, and having been the Commanding Officer of two combat commands, Elton has applied all of what he has learned in the military to his business after noting the many similarities between success in the military and success in business. The great success of AmeriVet today is primarily due to the military experience and the military education of Elton Johnson. He has effectively applied both to ensure the success and growth of AmeriVet Securities, Inc.
Unprecedented Achievements
Relying on his experiences and training while serving in an U.S. Army Reserve Special Forces unit (Green Berets), Elton realized that building an efficient and highly capable corporate team was the key to the success of AmeriVet. Thus, when AmeriVet had its relaunch in 2018 after being inactive for over seventeen (17) years due to Elton’s wartime service, top priority was given to recruiting and building a top-notch corporate team. This strong emphasis on team building has greatly benefited AmeriVet. The result of concentrating on putting together an efficient and highly capable corporate team can be readily seen in the company’s current bottom line. In just two years (2018-2020), AmeriVet has increased its annual gross revenues by almost tenfold. It has also gone from being in the red to being in the black in just two years. Both financial feats are nearly unprecedented in the securities industry.
Supporting Veteran Community
At AmeriVet Securities, Inc., its idea of corporate social responsibility is to support, to the best of its ability, the veteran community, and the veteran service organizations (VSOs) that assists the veteran community. The best way it believes that it can support veterans is by employing as many veterans as it can and by doing all that it can do to support the veteran community and veteran service organizations.
Growth Oriented Approach
The future aspiration of AmeriVet is quite simple: to become the best and most successful Service-Disabled Veteran Owned Business (SDVOB) and Minority Business Enterprise (MBE) broker-dealer in the business. AmeriVet Securities, Inc., is the second oldest SDVOB in the securities industry and it is very proud of that distinction, but it is its goal to also be the best managed and the most successful SDVOB in the securities industry. The strategies that it is undertaking to achieve this goal all deal with detailed long-term planning, either regarding increasing current revenue streams or creating new revenue streams. Since the battle focus of any successful company is to grow the company and one of the best ways to do this is to increase the amounts of the existing revenue streams and to endeavor to always create new revenue streams, practically all of the AmeriVet strategies concern these two objectives.

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Alexey Chalimov: A Tech-Savvy Helping Businesses Bring their Ideas to Life https://insightssuccess.com/alexey-chalimov-a-tech-savvy-helping-businesses-bring-their-ideas-to-life/ Wed, 03 Mar 2021 05:55:04 +0000 https://insightssuccess.com/?p=42788 It was Alexey Chalimov’s passion for building and launching new tech products that urged him to found Eastern Peak back in 2010, in the first place. Eastern Peak is a professional strategy consulting and technology provider that helps companies of all sizes and across different industries accelerate the speed at which they do business, improve […]

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It was Alexey Chalimov’s passion for building and launching new tech products that urged him to found Eastern Peak back in 2010, in the first place. Eastern Peak is a professional strategy consulting and technology provider that helps companies of all sizes and across different industries accelerate the speed at which they do business, improve their time to market, bring costs down, and instill productive changes in every process, employee, and business model.
As a Wharton Business School graduate, Alexey felt it was his calling to help businesses undergo digital transformation. He was also looking forward to leveraging my tech expertise in various industries.
Alexey thinks it’s the fact that he has been fascinated with technology from the very start that made the major impact. His previous experience included working as a CEO, founder, and tech advisor in transportation, education, and app development sectors (GetTaxi, Maximum Education, and Ubertesters respectively). With it, he was capable of extending his experience further, and better understand the needs of the company’s clients from different industries and business domains.

“Our innovative development team works at the forefront of modern technology and employs best practices in software development.”

Alexey’s connections with Eastern Europe were also highly impactful. His company needed vast technological expertise and R&D capacities to fulfill its mission. It could find tech talent in Israel, but not in the necessary quantities. So he went to Ukraine, a post-Soviet country with a large pool of excellent STEM talent to hire top-notch developers for Eastern Peak. Of course, the convenient location and Ukraine’s strong cultural ties with Israel also played an important part.
Let’s find out how Alexey has headed Eastern Peak to make it one-stop shop in agile digital transformation and innovation in an interview conducted between Alexey and Insights Success.
Below are the highlights of the interview:
Could you throw some light on your mission and vision statement?
As a tech consulting and development firm, we believe our mission is to help companies, large and small, to adapt to today’s ever-changing business environment. We believe innovation is the key to surviving and thriving in the modern economy. We apply our expertise in AI, IoT, Big Data, and immersive technologies to help organizations flexibly adjust to all the economical, technological, and regulatory challenges. We also help startups enter the market with fresh business ideas.
Describe your company and its cutting-edge engineering and digital transformation solutions which address all the needs of your customers.
At Eastern Peak, we offer engineering and digital transformation services. We help organizations bridge the gap between business and technology by upgrading legacy systems and preparing their infrastructure for continuous innovations. Our clients’ business goals come first – we leverage technology to help companies achieve better operational efficiency, accelerate time to market, improve and automate every process, starting from the most meticulous ones. We also build new products from scratch and offer a range of services to startups – from product discovery and branding to help them create powerful investor pitches in order to attract funding.
We specialize in IoT, enterprise digital transformation, SaaS, mobile app, and Uber-like solutions development, building websites, marketplaces, as well as fintech tools and platforms. We offer a range of cooperation models: managed projects, team extension, or on-demand services.
Needless to say, at Eastern Peak, we employ best-of-breed experts in these fields and recruit top Eastern Europe tech talent. Expertise and talent are our greatest assets.
Describe in detail the work culture and the values that drive your company.
At Eastern Peak we place a high emphasis on transparency, enabling clients to communicate with our remote teams as effectively as if they were working with their in-house developers.
We value trust, so it is important for us to let clients know what we are working on and for what purpose. We also strictly adhere to intellectual property laws, so our clients can trust us with their ideas. We ensure predictability and competence by delivering on time and sticking to a project’s timeline.
Keeping communication lines open is also one of our strongest values. We run regular calls and meetings and our clients can always reach us with their feedback.
What is your idea of Corporate Social Responsibility?
We are a global company, working internationally, so we view fostering business growth and innovation as our major CSR initiative. For example, in the wake of the COVID-19 pandemic, we were helping brick-and-mortar businesses, regardless of size and location, to shift online, digitize their projects and services, discover new business opportunities, and build emergency response strategies.
An important part of our CSR vision is being a responsible employer. We make sure our wage structure is fair and transparent and offer possibilities for employee training and development. We also put forth significant efforts to create a safe work environment for our employees, with professional air-purification and hand-sanitizing stations on-premises – which is especially important in the post-pandemic reality.
What are your company’s future aspirations? What strategies are you undertaking to achieve those goals?
In the future, we plan to keep up the good work in line with our mission: helping businesses across all industries and domains achieve better outcomes with digital transformation. In this regard, attracting the best talent, keeping abreast of the emerging technologies and continuous learning are the best strategies.

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Dr. Sean Hall: Providing Quality Innovations in Health Care Industry https://insightssuccess.com/dr-sean-hall-providing-quality-innovations-in-health-care-industry/ Tue, 16 Jun 2020 15:04:22 +0000 https://insightssuccess.com/?p=38124 Research and development in the healthcare industry are vital. Yesterday we saw the impact of the “opioid crisis”, today we are at war with a biological threat, the novel Coronavirus. It becomes necessary to study the cause, symptoms and effects of the disease. These factors help to make a cure for diseases. One company in this […]

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Research and development in the healthcare industry are vital. Yesterday we saw the impact of the “opioid crisis”, today we are at war with a biological threat, the novel Coronavirus.
It becomes necessary to study the cause, symptoms and effects of the disease. These factors help to make a cure for diseases. One company in this field is Medlab Clinical Ltd, who are a medical research and development facility based in Sydney, Australia. Medlab is steadfast on researching and formulating novel bio-therapeutics, focused on improving health outcomes in early to moderate stage chronic diseases such as chronic kidney disease and per-diabetes/obesity.
Meet Dr. Sean Hall, CEO of Medlab Clinical Ltd. He is a medical doctor, researcher, lecturer and businessman who has authored multiple papers and patents. Sean would be considered an innovator in healthcare, new drugs, and disease understanding.
A Life-Changing Moment 
When Sean’s late brother Alex passed away due to cancer, Sean witnessed first-hand how it affected him, and how little he was able to truly help him. It changed his life.
Pain, epilepsy, anxiety, depression, weight gain and a significant loss of quality of life started Sean’s focus on oncology co-morbidities with a belief that we need to do more.
Maintaining Life-Work Balance 
Sean Says, “There are times when there is no such thing as work/life balance, and there are other times when it is easier to balance out. As I travel a lot, what time I get with my family is critical, and together we try to enjoy it – in some cases that could simply be a pizza and movie together. I try not to miss birthdays, anniversaries, Christmas and Easter – and there have been times when that was proving difficult. However, I am lucky to have a family that understands the importance of what I do and what motivates me to do it. I am lucky they share this culture; they know when I need my head on the game, when I need my head off the game, and when I need to be with my thoughts.”
Sean believes everyone needs to have an “outlet” – the gym and ocean are critical in keeping him level-headed and focused.
Making the Most Out Of 
As a general rule, Sean likes to challenge his employees. He gives them various opportunities to demonstrate critical thinking, innovative thinking, and problem-solving; when you think about it, that’s what Medlab is entrusted to do, think of new methods, solve problems, and design new drug candidates.
Sean strongly recommends ongoing education and frequently will offer some form scholastic fund in lieu of a pay review to further a particular staff member. Continuing education is vital; learning new techniques and understanding socio-political changes at a rapid pace; simply look at the ways the novel Coronavirus has impacted us, our behavior, social interactions, business and now a significant desire for a medical cure.
In short, what we did yesterday is not appropriate for today.
Aligning With Technology 
Sean believes that technology is a two-edged sword, used correctly and wisely, it can be a significant enabler and if handled incorrectly it’s a considerable hindrance, and user engagement falls off. Also, He finds that most of the staff are “subject matter experts” on various aspects of technology, be that brand preference, device preference, software needs (perceived or real). The point is that technology for most can be a very emotive topic, so it’s an absolute must, that if you embrace technology, you embrace your staff in the learning aspects to maximize user engagement.
Again, looking at todays needs, aligning with technology as we work remotely, is fundamental to all businesses, as we learn to adapt to new social and business restrictions imposed by the novel Coronavirus.
Contributions for Health Care Sectors Sean’s oncology-related focus, specifically co-morbidities like cancer-induced pain, quickly highlighted the significance of unmet needs; factor in the global opioid crisis, and it’s easy to see this particular area of medicine is ripe for innovation.
But innovation in medicine is a tricky “mistress,” as an old university professor of mine once said, “medical innovation is easy, acceptance is difficult,” and it’s understandable considering the time, energy, and millions of dollars expensed in the traditional phased research approach.
For Medlab, their most commonly known work is in advanced cancer pain, whereby they have accelerated nanoparticle research into CBD and THC. The posit is to offer a new pain therapeutic that is a non-opioid with less severe side effects (when compared to standard opioid therapy), strong efficacy and will (hopefully) one day soon provide alternatives to current cancer pain treatments.
Guiding the Path for Uprising Leaders 
Sean states the first rule of business; cash is king, so know your funding options, what you are willing to sacrifice and what you can’t. Identify your pathway models and know your milestones – understand their importance. Understand that investors may see different milestones or re-rate your importance, so investor alignment is critical.
Recognize that innovation takes time and evidence, so know you can go the distance, understand similar and potentially competing companies and ensure that you have a quantifiable uniqueness.
Sean says as a leader, “You need to surround yourself with good, trusted people whom you can seek advice from and subsequently rely on said advice. You need to be able to spearhead teams to quickly and concisely articulate an endpoint, develop an execution plan, and run it.”
 Sean believes a leader should build and develop trusted sources of information and recognize everyone (including yourself) has strengths and weaknesses. It is essential to know that as a leader people will always look to you for solutions and directions. At times this will be collaborative and other times, it will be a direction. Lastly, you can’t please everyone, so don’t try.
Sean’s advice is to always look at ways to improve yourself and your managerial style. You must understand and continually double-check the direction you are taking your company/unit, plan it out, work through that plan with your trusted sources and when circumstances change, adapt. Stay commercial, keep your eye on the prize, know your endpoint, and question how you will achieve that and the pathway you are taking.

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