Innovation in Compliance with Tom Fox Thomas Fox

There is not much I enjoy more than sitting down with some of the most innovative thinkers on an issue. I recently had the opportunity to do so, over a topic I have been thinking about for some time: the commercial real estate market post Covid and the US housing crisis. Over this three-part series we will introduce the problem and challenges around commercial real estate in the mid-2020’s; the future of where (and how) employees work and take a deep dive into the nation’s housing crisis and propose some solutions. In this special three-part series, I am joined by industry experts John Petrovski, Mike Flanagan, Bart Peterson, Walter Calhoun, Andrew Gay, and Gilbert Paiz to delve into the current state of commercial real estate. In this concluding Episode 3, we take a deep dive into the US housing crisis, the disconnect between employee salaries and affordable housing and discuss some solutions. 
In this episode, industry experts discuss the challenges of affordable housing and the role of banks and government programs in addressing these issues. They highlight the inefficiencies of current programs, such as low-income housing tax credits, and propose a comprehensive, targeted approach similar to a Marshall Plan to increase affordable housing supply. The conversation also explores local government initiatives, innovative building techniques, and the complex dynamics of community acceptance. The episode concludes with insights into the personal impact of housing finance and the need for a multifaceted approach involving both public and private sectors.
Highlights and Issues
·      Challenges in Affordable Housing
·      Inefficiencies in Current Housing Programs
·      Local Government Initiatives
·      Innovative Housing Solutions
·      Complexities of Homelessness and Housing
·      Collaborative Approaches to Housing Affordability
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There is not much I enjoy more than sitting down with some of the most innovative thinkers on an issue. I recently had the opportunity to do so on a topic I have been thinking about for some time: the commercial real estate market post-COVID and the US housing crisis. Over this three-part series, we will introduce the problem and challenges around commercial real estate in the mid-2020s, the future of where (and how) employees work, and take a deep dive into the nation’s housing crisis and propose some solutions. In this special three-part series, I am joined by industry experts John Petrovski, Mike Flanagan, Bart Peterson, Walter Calhoun, Andrew Gay, and Gilbert Paiz to delve into the current state of commercial real estate. In episode 2, we deeply dive into the impact of low interest rates post-2008 crash, advocating for higher fed funds rates to maintain economic stability. We also touch on inflation and how it is impacting the market.
Commercial real estate investment has long been lucrative, attracting investors with significant returns and diversification potential. Low interest rates previously created favorable borrowing conditions and boosted market values, but recent rate hikes have led to market corrections and investor uncertainty. Investors should consider entering the commercial real estate market during these corrections, as they present unique opportunities to acquire income-producing properties like office buildings, strip centers, and mini storage units. They highlight alternative investment vehicles like ETFs and mutual funds as lower-barrier entry points. They also emphasize financial literacy, highlighting the importance of long-term investing and cautious selection of financial advice. The episode concludes with thoughts on how the housing market affects different demographics and the need for innovative solutions.
Highlights and Issues

The Impact of Low Interest Rates

Financial Literacy and Long-Term Investing

The Role of Financial Advisors as Educators

Current inflation is a culprit

Tom Fox
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There is not much I enjoy more than sitting down with some of the most innovative thinkers on an issue. I recently had the opportunity to do so on a topic I have been thinking about for some time: the commercial real estate market post-COVID and the US housing crisis. Over this three-part series, we will introduce the problem and challenges around commercial real estate in the mid-2020s, the future of where (and how) employees work, and take a deep dive into the nation’s housing crisis and propose some solutions. In this special three-part series, I am joined by industry experts John Petrovski, Mike Flanagan, Bart Peterson, Walter Calhoun, Andrew Gay, and Gilbert Paiz to delve into the current state of commercial real estate. In Episode 1, we deeply dive into the impact of rising interest rates and regulatory pressures on the market, the cultural shift towards remote work, and the potential for repurposing commercial properties.
The remote work trend has profoundly influenced the commercial real estate market, leading to a notable decrease in office space demand and sparking urban revitalization efforts. They ask whether the 20% decline in property values is a temporary phase rather than a precursor to a market crash. They note that the market’s dynamics can significantly differ based on specific buildings and locations, and he underscores the importance of being prepared for higher interest rates and down payment requirements. Investors should focus on long-term goals and diversify their portfolios to navigate these turbulent times effectively, ensuring sustained success in the evolving commercial real estate landscape. Their conversation underscores the importance of adaptability and diversification amid economic fluctuations.
Highlights and Issues

Current State of Commercial Real Estate

Impact of Work From Home

San Francisco’s Real Estate Transformation

Investment Strategies in Commercial Real Estate

Tourism and Hospitality in Indianapolis

Market Reactions and Long-Term Investment

Inflation and Interest Rates

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Innovation comes in many forms, and compliance professionals must be ready for and embrace it. In this episode, Tom Fox visits Anne van de Heetkamp, Vice President of Product Management at Descartes, and discusses global trade compliance and the integration of AI in supply chain management.
They discuss Anne’s extensive career in global trade, Descartes’s comprehensive suite of supply chain management tools, and Anne’s specific role in the Global Trade Intelligence pillar. Key topics include the challenges companies face in regulatory compliance, the role of AI in mitigating supply chain disruptions, and the importance of data quality in leveraging advanced technologies for risk management. The conversation spans current automation levels, future AI evolution, and practical approaches to enhancing data transparency and compliance processes within the supply chain framework.
Key Highlights:

Anne’s Professional Journey

Global Trade Intelligence at Descartes

Microservices and Data Privacy

AI and Supply Chain Disruptions

Data Quality Issues in Compliance

Future of AI in Supply Chain Management

Resources:
Anne van de Heetkamp on  LinkedIn
Descartes
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Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it. In this episode, Tom Fox visits with Arthur Mueller, a thought leader in compliance and financial crime prevention. We take a deep dive into the topic of financial crime prevention and the use of generative AI in this edition of Innovation in Compliance.
Arthur Mueller has over 20 years of experience in anti-financial crime programs across various institutions. He explains his current role at WorkFusion, where he leverages AI and machine learning to enhance compliance programs. The discussion encompasses the evolution of AML practices, the role of digital workers like Tara in automating routine tasks, and the benefits of AI in improving risk management, efficiency, and worker satisfaction in financial services. Arthur provides real-life examples of how AI can help mitigate risks, streamline operations, and enhance employee productivity and retention.
Key Highlights

Evolution of AML and Financial Crime Programs

WorkFusion's Role in Financial Crime Prevention

Digital Workers and AI in Compliance

Adverse Media Screening and Automation

Introducing Tara: The Digital Payment Screening Analyst

The Future of AI in Financial Crime Compliance

Resources:
Arthur Mueller on  LinkedIn
WorkFusion
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Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it.
In this episode, Tom Fox visits with Lisa Levy,  a thought leader renowned for her expertise in addressing succession planning challenges. We take a deep dive into this topic on this edition of Innovation in Compliance.
Lisa believes that succession planning in 2024 is more important than ever due to the complexities introduced by having five generations in the workforce, each with diverse expectations and work ethics. Lisa advocates for embedding succession planning into company culture as a strategic, intentional exercise that involves understanding employees' skills, aspirations, and institutional knowledge to nurture and grow talent internally. She champions the use of technology, such as AI tools, to personalize growth plans and emphasizes the need for continuous evaluation, transparency, and communication to implement a successful succession planning framework, ensuring organizational resilience and smooth leadership transitions.
We discuss how the younger generations, including millennials and Gen Z, have shifted the employment paradigm by seeking roles that align with their values. Lisa reflects on their own journey of becoming 'wholly unemployable' over 15 years and highlights how Gen Z entered the workforce during the pandemic, taking on gigs like Uber and DoorDash as traditional roles were shut down. This generational shift shows a move towards prioritizing personal fulfillment over conventional job security.
Key Highlights:

Lisa Levy on her Unemployable Journey

Millennials and Value-Driven Careers

The Paradigm Shift in Employment

Gen Z's Workforce Entry During the Pandemic

Resources:
Lisa Levy on  LinkedIn 
The Preferred Disruption and Innovation Catalyst
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