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Professional Insights - Industry Insights

April 18, 2024
Third-Party Data Helps Manufacturers Identify Supply Chain Red Flags Faster

Third-Party Data Helps Manufacturers Identify Supply Chain Red Flags Faster

While global supply chain risk is certainly not new, our need and ability to identify and assess it quickly affects every facet of our businesses. From the ESG expectations of consumers and the increasing global regulations to company board and c-suite expectations, supply chain transparency and risk management is of the utmost importance for success. During the Covid-19 pandemic, supply chain disruptions plagued at...

April 16, 2024
If You Haven't Addressed These Five Third Party Risks, You're Behind the Curve

If You Haven't Addressed These Five Third Party Risks, You're Behind the Curve

Third parties help companies to deliver their products and services, but they also expose them to regulatory, financial, strategic, and reputational risks. In this blog, we look at five key third party risks facing your company. Then, we explain how companies can mitigate them by investing in the right data and technology to support an effective compliance operation. Regulatory risk of new human rights due diligence...

April 15, 2024
AI for Business: How to Capitalize on Generative AI to Enhance Decision-Making

AI for Business: How to Capitalize on Generative AI to Enhance Decision-Making

The intersection of Artificial Intelligence (AI) and business pulses with potential, especially since generative AI (GenAI) has entered the picture. Google research scientist Oriol Vinyals notes, “Generative models are changing the way we think about machine intelligence and creativity, and have the potential to transform industries from media to finance to healthcare.” Of course, the insights you gain are...

April 09, 2024
What the Kroll Report Means for Your Business and How it Manages Third Party Financial Crime Risk

What the Kroll Report Means for Your Business and How it Manages Third Party Financial Crime Risk

This year’s Kroll Financial Crime Report found companies are growing increasingly concerned that third parties are driving a higher risk of financial crime. We read through the report to pull out lessons for companies from this survey of 400 executives across 8 countries. By implementing these lessons–with help from LexisNexis –firms can improve their management of third-party risk. “Third...

April 03, 2024
Generative AI 101: What You Need to Know About the Groundbreaking Tech

Generative AI 101: What You Need to Know About the Groundbreaking Tech

If you’ve been following the growth of Artificial Intelligence, it’s likely that you’ve interacted with, or at least seen, Generative AI. Systems like DALL-E and ChatGPT fall into this category, making it an incredibly hot topic in the world of technological advancement, but what does Generative AI even mean? In short, this type of AI generates things like text, images, and videos. It can respond to...

March 29, 2024
Six Things to Know About Emerging Human Rights Due Diligence Legislation

Six Things to Know About Emerging Human Rights Due Diligence Legislation

Millions of companies around the world have been impacted by regulations that mandate them to carry out ESG and human rights due diligence (HRDD) in the last few years–or they soon will be. These regulations bring new legal, financial, strategic, and reputational risks for firms. However, navigating this regulatory landscape is further complicated by disparate requirements across jurisdictions and the nuanced interpretations...

March 27, 2024
The Impact of New Media on Traditional Sources

The Impact of New Media on Traditional Sources

Some have decried social media as the “death of journalism,” but this isn’t a new complaint. In fact, the downfall of “traditional journalism” has been a point of contention since the emergence of television first threatened newspaper readership in the 1950s. The truth is that new platforms have forced traditional media to adapt and evolve—often for the better. It’s no surprise...

March 27, 2024
Corporate Foundations or Corporate Responsibility Programs? Which is the Best Partner for Fundraisers?

Corporate Foundations or Corporate Responsibility Programs? Which is the Best Partner for Fundraisers?

In the year 2022, corporations gave over $21 billion to nonprofits. Corporate giving is not simply something that happens around the holidays as a public relations appeal; corporations are finding ways to participate in charity and change the world year-round. There are two major paths toward this: corporate foundations and corporate responsibility (CR) programs. A foundation requires the corporation to create its own...

March 25, 2024
Why are Organizations Looking to Corporate Giving to Meet Fundraising Needs

Why are Organizations Looking to Corporate Giving to Meet Fundraising Needs

Institutions that rely on fundraising for their typical operations continually get more creative about finding donors. Whether that’s a shift to social media for fundraising efforts or changing the target list of donors, non-profits are tasked with keeping up with new trends in fundraising to stay ahead of the competition. One such trend is the shift toward corporate sponsorship. More and more institutions have...

March 19, 2024
What is New Media? The Real Life Impacts of Digital Media

What is New Media? The Real Life Impacts of Digital Media

The introduction of the internet and, later, smartphones has fueled the rise of a new type of digital media, ranging from blogs and comment boards to vlogs, podcasts, social media influencers, and beyond. And as each of these emerging channels began to gain influence on consumers, they’ve almost universally been met with intense skepticism. Are they a flash in the pan? Do they have a negative impact on society...

March 11, 2024
Get Ahead or Left Behind: The Generative AI Trend & It’s Growing Role in Tomorrow’s Workplace

Get Ahead or Left Behind: The Generative AI Trend & It’s Growing Role in Tomorrow’s Workplace

ChatGPT and Bard, DALL-E and Starryai: Generative AI (GenAI) tools are taking the world by storm, igniting conversations, and shaping future possibilities in ways we've only begun to explore. As the World Economic Forum notes, “After years of research, it appears that artificial intelligence (AI) is reaching a sort of tipping point, capturing the imaginations of everyone from students saving time on their essay...

March 07, 2024
Everything to Know About Generative AI in Media Production

Everything to Know About Generative AI in Media Production

If you’ve logged onto the internet in 2023, you’ve probably heard about AI advancements. From appealing AI filters on social media to the March 14, 2023 release of GPT-4, artificial intelligence (AI) has become all the rage, and that’s not likely to end anytime soon. But what does AI have to do with film and media production? Generative AI, a category of intelligence that creates content like text...

February 21, 2024
What Should US Businesses Know About the New EU Sustainability Directives?

What Should US Businesses Know About the New EU Sustainability Directives?

Starting in 2024, US companies operating within the European Union face new legal directives – the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD/CS3D) --that increase their need to engage in effective and on-going ESG and Human Rights Due Diligence across the whole of their production chains. The comprehensive directives range from fair labor...

February 13, 2024
Consequences of Sharing Misinformation

Consequences of Sharing Misinformation

Podcasts, blogs and social media sites make it easy for anyone to share their thoughts—who among us hasn’t sent a hastily-typed missive into the ether for our friends and followers to enjoy? But sharing misinformation on the web, intentionally or not, can have real legal consequences. Proper research and fact-checking have been a cornerstone of journalism since its inception, but these skills are increasingly...

February 06, 2024
Donor Prospecting Versus Donor Profiles: What’s the Difference?

Donor Prospecting Versus Donor Profiles: What’s the Difference?

When crafting (or honing) a fundraising strategy, professionals are bound to get lost in the jargon of the industry. And for good reason: terms like “donor prospecting” and “donor profiles” all seem nebulous until you have real definitions to place behind them. Here, we outline each of these crucial concepts so you can tackle fundraising efforts from an informed, actionable place. What is donor...

January 31, 2024
Building a Pathway to Trust Through Media Literacy

Building a Pathway to Trust Through Media Literacy

Fake news has permeated nearly every part of modern culture: law and politics, entertainment and celebrities, science, and technology. Even language has adapted, giving rise to terms like “post-truth era” and “alternative facts” that reflect how widespread fake news has become. As a result, relationships between audiences and publishers—including businesses engaged in media production and...

January 30, 2024
Donor Prospecting 101

Donor Prospecting 101

As a nonprofit development professional, you know that donor prospecting is a valuable part of maintaining a steady income from third-party gifting. Used to optimize current donors and pursue new wealth opportunities, this process can be paramount for your institution to raise funds for operations. While donor prospecting is likely to already be on your radar, there are always plenty of new ways to grow and refine your...

January 22, 2024
Seven Ways Companies Can Respond to New Global Financial Crime Regulations

Seven Ways Companies Can Respond to New Global Financial Crime Regulations

There have been major developments driving rapid regulatory changes across the world with regards to financial crime monitoring. In this blog, we explore seven ways companies should respond to these emerging regulatory risks. Implementing these best practices for compliance and due diligence will not only help companies to meet regulators’ expectations, but it should protect their business from the growing complexity...

January 16, 2024
Factual Filmmaking: How to Use News Archives to Research Your Film

Factual Filmmaking: How to Use News Archives to Research Your Film

Films help us bring the past to life. We can step into a theater and see a perfectly recreated 1950s New York City street, or watch a historically accurate representation of an 1800s courtroom brawl, and be absorbed into those eras. But behind the scenes, the seamless transitions from past to present take a lot of work. Historical research is pivotal in film for the same reason it was important to hide Starbucks cups...

January 09, 2024
4 Things to Know About Financial Crime Regulations

4 Things to Know About Financial Crime Regulations

Financial crime regulations have changed rapidly in recent years–from Switzerland to Singapore, from Brazil to Bahrain. In this blog, we identify and summarize four major developments which are driving regulatory changes across the world to help companies to prepare for future regulatory interventions. 1. Financial crime regulations are not standing still Laws and regulations often change very gradually over...

January 03, 2024
How to do Research for Investigative Journalism

How to do Research for Investigative Journalism

Sometimes, they are stories that win Pulitzer Prizes. Sometimes, they are stories that become blockbuster movies. And occasionally, the fruits of investigative journalism are both. Take Woodward and Bernstein’s Watergate reporting for The Washington Post , for example. It earned the paper the 1973 Pulitzer Prize in Public Service and inspired “ All the President’s Men .” Likewise, investigative...

December 11, 2023
Why We're Paying Attention to Human Rights and ESG Regulations

Why We're Paying Attention to Human Rights and ESG Regulations

Over the last five years, the dominant regulatory trend in global compliance has been the spread of legislation which mandates companies to carry out Human Rights and ESG Due Diligence (HRDD) on third parties and suppliers. This has significant implications for any company operating in a jurisdiction with HRDD regulations–or whose third parties and suppliers operate there. In this blog, we explain why responding...

December 11, 2023
Harnessing the Power of Storytelling: Inspiring Donors During the Giving Season

Harnessing the Power of Storytelling: Inspiring Donors During the Giving Season

Storytelling is a powerful tool: even just going to see a movie or turning on the television can provide a sense of escapism, boost our empathy for fellow humans and change the way we see the world. Apply that to fundraising and you’ve got a winning strategy in which donors are even more compelled to give to your organization. Sharing anecdotes and wins during Giving Season is a helpful way to meet fundraising...

December 05, 2023
Financial Crime is on the Rise. Here’s How Your Company Can Stay a Step Ahead

Financial Crime is on the Rise. Here’s How Your Company Can Stay a Step Ahead

Financial crimes, such as bribery and corruption, are becoming more common and more complex. One of the most common reasons for a company to become implicated in alleged financial crime is its exposure to the activities of its third parties and suppliers. In this blog, we look at the trends in financial crime that your firm should be aware of. We then suggest how companies can improve their third-party risk management...

December 01, 2023
What Companies Can Learn From Recent Regulatory Action

What Companies Can Learn From Recent Regulatory Action

Global companies have been fined hundreds of millions of dollars for alleged compliance breaches in the last year. Whether the allegations against them related to bribery and corruption or breaches of new human rights due diligence legislation, a recurring theme in many cases was the involvement of third parties. In this blog, we dive deeper into four of those cases and offer clear lessons that companies can learn to...