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A platform aimed at helping advisers identify potential vulnerable clients has launched today.
Clinical tech provider Comentis uses software developed in collaboration with mental health experts and psychologists.
This “cognitive assessment engine” is designed to help regulated businesses to identify potential vulnerable clients.
Comentis said this new tool was bringing “objectivity, scalability, and consistency” to the process, enabling advice professionals to mitigate risks and better protect clients.
The FCA published guidance on the fair treatment of vulnerable customers last February, revealing that 24 million adults in the UK are defined as vulnerable clients.
Comentis co-founder and chief executive Jonathan Barrett said: “At a time of mounting regulatory pressure and increasing customer vulnerability, deploying solutions that will support firms in the identification and triaging of vulnerable clients has never been more paramount. Our clinical and digital-b
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Costco Decisions That Went Horribly Wrong Justin Sullivan/Getty Images
By Joel Burrows/Dec. 30, 2020 2:11 pm EDT/Updated: Jan. 5, 2021 11:33 pm EDT
The 21st century is dominated by multinational corporations, and judging by their actions, these businesses differ from human beings in a multitude of ways. No matter our favorite brand, we might be reminded that companies don t exactly have feelings like the rest of us, after all. But there s at least one trait that worldwide conglomerates and human beings do have in common: making decisions that go horribly wrong.
Take Costco, for instance. That s right, the beloved warehouse chain that s received high praise from