Change Management: How can people know about the change if they were never told?

Change Management: How can people know about the change if they were never told?

The communication is a cornerstone of the overall change process but it is often overlooked in project governance. A lack of communication or an absence of it is often reported as one of the main causes of project failures. Indeed, when project stakeholders do not communicate, collaborators tend to turn in on themselves, which will lead to a deterioration of the work environment and therefore has negative consequences on the smooth running of the project or its success.

Successful communication means clearly identifying the target audience. To this end, the project manager must put in place a clear and effective communication plan for the target (project stakeholders) and distinguish between each stakeholder to avoid confusion.

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Disappearance of bank branches in Belgium: additional information

Disappearance of bank branches in Belgium: additional information

Earlier this week (November 5th 2018), a study related to the disappearance of bank branches in Belgium has been published by the newspaper Le Soir.

The study made various media headlines and Initio was asked by Brussels news channel BX1 to comment this evolution. The goal of this article is to go further in the analysis and to put facts and figures into perspective.

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Are Neobanks poised to stay in financial landscape?

Are Neobanks poised to stay in financial landscape?

Neobanks have raised the concerns of the public everywhere in Europe. Revolut, N26, Nickel, Starling, Monzo etc. are already known as key players in the industry. Most of them have succeeded massive fundraisings and are quite close to announce new capital injections in the press or the launch of new products and services.

Despite impressive customer acquisition (more than 1 million customers for N26, twice much for Revolut…) none of these mobile-only neobanks have reached sustainable profitability.

Neobanks are still cash-burner companies and even if many of them are generously funded by venture capitalist or established commercial companies, they need to evolve if they expect to stay alive and last as key players on the banking scene.

In this article we will check if Neobanks are equipped to stay or not.

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How curiosity leads to continuous improvement? StarTalers’ vision about the future of Asset Management and Robo-Advisory

How curiosity leads to continuous improvement?  StarTalers’ vision about the future of Asset Management and Robo-Advisory

The Robo-Advisor market is getting more competitive showing the increasing interest from both institutional and retail clients for this alternative investment solution.

In the US market, competitors started a price war, leveraging on ETFs to benefit from favorable costs structures and maximized diversification in a profitable way. But here in Luxembourg it is worth noticing that competition is much more about proposing unique value and qualitative solutions.

This article was previously published in AGEFI Luxembourg by Marie-Charlotte Renaux, Margaux Rudnicki and Frederic Lorain, consultants at Initio. We propose you to read the full version.

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