Managing Technological Change, Deployment, Development and Optimisation
Millennium Consulting's Monthly Newsletter
The IFRS 17 challenge (and opportunity) ahead for insurers
From 1st January, 2021, insurance companies will have to apply a new accounting standard, known as International Financial Reporting Standard 17 (IFRS 17), which will change the way revenue and profits are recognised for insurance contracts.
£2,000 raised for Vision Africa at the 2018 Millennium Golf Day
It was sunshine all the way at the Vision Africa golf day which took place at Bearsted, Kent on Friday 8th June. Two teams representing Europe and the USA battled it out for the Millennium trophy but eventually it was the USA who came out on top by a narrow margin.
London to Hythe Expedition
On Saturday, 28th October 2017, an energetic group of Millennium Consulting employees and associates completed a gruelling 80 mile bike ride from Trafalgar Square, London to the south Kent coast, in support of Vision Africa.
Aspirations to be a Data Scientist?
The Harvard Business Review declares that the Data Scientist has become "the sexiest job of the 21st century" whilst Forbes magazine calls data science ‘the century’s hottest career’.
Technology Transformation for IFRS 17
The New Wave of Big Data
Big data is a term that describes the large volume of data (both structured and unstructured) that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organisations do with the data that matters. Big data can be analysed for insights that lead to better decisions and strategic business moves. While the term “big data” is relatively new, the act of gathering and storing large amounts of information for eventual analysis is ages old.
GDPR - 12 Months To Go
The deadline for EU General Data Protection Regulation (GDPR) compliance comes into force on 25 May 2018 and organisations need to be 100% compliant from day one. Data protection has become increasingly important as more than two billion records were stolen in 2016 and there have been 974 publicly disclosed data breaches during the first 6 months alone.
EverythingBranded.co.uk support the London to Hythe Bike Ride
We are pleased to announce that EverythingBranded.co.uk have been kind enough to gift bags for our London to Hythe charity bike ride on Saturday 28th October 2017.
Millennium Consulting Premier
We've created a Fantasy Premier League called Millennium Consulting Premier.
Join the competition to win prizes and the all important end of season trophy!
Joining the league is easy, simply use this link and you'll be added automatically after you've entered the game - You shouldn't need the league code, but just in case here it is: 598332-406771. Good luck!
Improved Data through the Rise of Regtech
There are huge opportunities for technology to help financial firms meet regulatory requirements. This is driven by the large volume of regulation coming in to play, such as the changes to the Capital Requirements Directive (CRD IV), Capital Requirements Regulation (CRR) and the Markets in Financial Instruments Directive (Mifid II). Most of the new content is driven by the need to adopt international standards into EU law.
Is RegTech The New FinTech?
RegTech differentiates itself from other forms of technology by its agility. RegTech is able to use advanced technologies to extract, transfer and load data sets which are cluttered to create consumable data. This is done efficiently, which gives businesses the ability to solve real-world problems and stay ahead of the competition.