In this "Stars of the Accelerator" series, we explore some of the innovative projects of the leadapreneurs in our programmes.
Nitin Kumar Jain and Victor Prabhu
Leading the charge for innovative initiatives is what motivated these two passionate bankers to take up the Turbocharge challenge. They have adopted Leadapreneur's motto as their own: “Innovate or Die!”
Employee productivity is crucial for a company’s success and competitiveness. As Vice Presidents of their respective teams, Nitin and Victor are determined to find a way to boost productivity. Greater transparency with regards to Anti Money Laundering (AML) is also an area they are committed to improving. Furthermore, they are aiming to achieve major savings.
To kickstart their accelerator project, they set out to measure productivity by using a point-based dashboard system. This innovative tool gave them precious data and insight. It allowed them to identify gaps and implement productivity enhancement.
They are now able to recognize the high performers’ efforts. Other analysts are given the chance to catch up and realize their full potential via a feedback loop and further training. Everyone is appreciated for their dedication through a reward program and no one gets left behind! This is how they motivate their team to surpass their limits.
Nitin and Victor’s ambition: Achieve 90 points increase in overall AML analyst productivity!
The data-mining stage was a bump in road at first, but they charged ahead with perseverance. With valued input from their trainer, Jan Bartscht, and their coach, Sim Choo, they were able to overcome the roadblocks. Nitin and Victor believe the results will speak for themselves: the total annual savings add up the incredible annual total of RM472,500!
Thanks to their project, Nitin and Victor have learned some valuable lessons in gathering detailed data and in turning an innovation into successful project implementation. They are now equipped with the skills to cope with this fast-moving digital era and stay ahead of their competition with speed and efficiency.
Part two of four