Day: May 14, 2019

Adding More Value and Becoming a Trusted Advisor by Bucking Tradition with Dan Clark

Post author By Jamming with Jason
Post date May 14, 2019
No Comments on Adding More Value and Becoming a Trusted Advisor by Bucking Tradition with Dan Clark

Internal audit has established some great traditions over the years. As Tevye, the character from Fiddler on the Roof said: “Traditions, traditions. Without our traditions our lives would be as shaky as… as a fiddler on the roof!” Later; however, Tevye realizes, “our old ways were once new, weren’t they?” We have to be willing to change with the times and create new traditions that provide more value to our organizations than the old ones.
Jason Mefford is joined by Dan Clark, for a discussion on establishing your own personal brand, tips for becoming a better auditor, and making internal audit a career. You’ll also learn how to become a trusted advisor and provide insight and foresight.
Dan Clark is the GOAT of Internal Audit (you’ll have to listen to learn what that means) and CAE of Washington Trust Bank. In a career that spans more than 30 years, Dan has accumulated a lot of wisdom that he shares in his book: Dare to Be Different – An Auditor’s Personal Guide To Excellence. Currently, he is working on new book: The Tao of Internal Audit.

Check out more episodes and full episode videos at Jasonmefford.com, and don’t forget to subscribe on your favorite podcast platform!

Tags CAE, chief audit executive, chief internal auditor, head of internal audit, internal audit, internal audit podcast, internal audit training, internal auditor, jamming with jason, jason mefford

Innovation in Compliance

Taking the Digital Route with Syed Hussain

Post author By admin
Post date May 14, 2019
No Comments on Taking the Digital Route with Syed Hussain

How do you keep pace with innovation? Returning to the podcast is Syed Hussain, the Co-Founder & CEO at Liquidity Digital, a blockchain-based FinTech firm that’s building an end-to-end digital security system. How does this work and how can it make our organizations more efficient, more compliant, and more profitable?

The shift to digital
Traditional forms of capital formation are simply not keeping pace with what the capital demands of the markets are. What blockchain enables people to do is take their existing assets, digitize and securitize those assets, and transform them into digital securities. At Liquidity, they’re building a platform that will allow for the issuance of these digital securities, paving the way for capital markets to go and take the digital route.
Benefits of digital security
Digital security is now bringing in opportunities that aren’t possible in the traditional world. Because these things are built on top of blockchain, it is inherently a very, very secure protocol. It’s transparent, as you’re able to store it on an immutable record and can trace any changes and transfers of ownership. It’s also accessible, allowing you to expand out into global markets. And because it’s digital, it’s made extremely efficient through automation, leading to massive cost reductions and a tremendous amount of savings.
Regulations and Innovation
Liquidity works hand in hand with regulators and partners with them: regulators are able to learn about the technology and build regulations around it, as well as helping Liquidity navigate regulatory channels so that while they leverage this new technology, they can make sure everything is compliant.
Regulators are being very open-minded in their approach, and are seeing this new technology as something to look forward to that is leading the charge. This is something that is going to bring in massive amounts of innovation, and while innovation is always going to be ahead of regulation, what’s important is that regulations are able to quickly catch up.
As innovators, the responsibility lies with us: we cannot make changes in reaction to regulations. We need to work with regulators so we can innovate proactively and have innovation through regulation.
Resources
Syed Hussain (LinkedIn)
Liquidity.Digital (Website)
Twitter