Connect with us

Press Release

Mike Pocrnich Joins Element Financial Advisory as Finance Manager, Bringing Over 20 Years of Expertise in Non-Profit Accounting and Financial Analysis

Published

on

Minneapolis, MN, 30th June 2024, ZEX PR WIREElement Financial Advisory proudly announces the addition of Mike Pocrnich to their team as Finance Manager. With over two decades of experience in non-profit accounting, auditing, and financial analysis, Pocrnich’s extensive background and dedication to financial accuracy and strategic leadership will significantly enhance the firm’s service offerings.

Mike Pocrnich, a Minneapolis local, holds a BA in Accounting from St. John’s University and is proficient in various ERP and CRM software, including the Microsoft suite. His career began at CliftonLarsonAllen as a Senior Auditor, where he managed non-profit audits, enhanced internal controls, and trained junior staff. Pocrnich’s expertise in financial forecasting and reporting has been a cornerstone of his career.

In his current role at Element Financial Advisory, Pocrnich offers CFO and Controller services to a diverse client portfolio, including government and non-profit organizations. He is skilled in developing financial forecasts and adept at managing the intricacies of state and federal grant administration. His prior role as Controller at Beltz, Kes, Darling & Associates (now BerganKDV) saw him leading annual audits and engaging in financial client assistance.

Pocrnich’s professional expertise extends to staff management and client relations, underscored by a noted ability to communicate complex financial information effectively. His day-to-day duties encompass the oversight of accounts payable, payroll, and ensuring financial compliance. His long-standing application of accounting principles, including GAAP, FASB, and GASB, reflects his commitment to precision and strategic financial management.

“Mike’s extensive experience and unique skill set are tremendous assets to our team,” said John Smith, CEO of Element Financial Advisory. “His proven track record in financial forecasting, grant administration, and client relations aligns perfectly with our mission to provide top-tier financial advisory services. We are thrilled to welcome Mike to our team and look forward to the impact he will make.”

Sustainability Takes Center Stage: Integrating ESG Considerations

Environmental, social, and governance (ESG) considerations are increasing for both businesses and consumers. Financial institutions are actively integrating ESG factors into their investment strategies and product offerings.

  • Sustainable investment options: The growing demand for sustainable investment options is prompting financial institutions to offer green bonds, ESG-focused mutual funds, and other products that align with environmental and social responsibility goals.

  • Climate-risk management: As the impact of climate change becomes more evident, financial institutions are incorporating climate-related risks into their risk management strategies. This includes conducting scenario analysis and developing mitigation strategies to ensure long-term sustainability.

  • Socially responsible practices: Beyond environmental considerations, supporting social good is also becoming a priority. This can involve investing in underserved communities, promoting diversity and inclusion within the workforce, and supporting initiatives that address social issues.

The Blurring Lines: The Rise of New Players and Collaboration

The financial services landscape is no longer the sole domain of traditional institutions. New players, including fintech startups and big tech companies, are disrupting the industry with innovative offerings and agile business models.

  • Collaboration and competition: Traditional institutions are increasingly collaborating with fintech startups to gain access to cutting-edge technology and expertise. At the same time, they are actively competing with these newcomers by launching their digital offerings and adopting agile development approaches.

  • Open banking: Open banking APIs enable seamless data sharing and foster partnerships between traditional institutions and fintech companies, enhancing the customer experience and driving innovation.

2024 presents both challenges and opportunities for the financial services industry. By embracing customer-centricity, innovative technologies, and responsible practices while navigating the regulatory landscape, businesses can adapt and thrive in this ever-changing environment.

With over twenty years of experience, Pocrnich provides crucial insights to help organizations navigate the evolving regulatory landscape.

Anticipating Increased Regulatory Attention in 2024

The regulatory environment for financial institutions in the U.S. remains challenging as we move through 2024. Bank executives and directors must focus on several critical issues to meet rising supervisory expectations and ensure sound risk management. By anticipating developments in key areas, organizations can stay ahead of examination priorities, identify potential gaps, and demonstrate a commitment to regulatory compliance.

Key Areas of Regulatory Focus

Liquidity Risk Management and Interest Rate Risk

Financial institutions face renewed challenges in managing liquidity and interest rate risks. The competitive landscape pressures institutions to increase deposit rates amid sluggish loan growth, resulting in razor-thin margins. The federal financial institution regulators’ addendum to the “Interagency Policy Statement on Funding and Liquidity Risk Management,” issued in July 2023, emphasizes the need for contingency funding plans. Examiners will closely monitor institutions’ approaches to fortifying liquidity positions and managing interest rate risk, with a focus on testing and confirming access to contingency funding sources.

Third-Party Risk Management

As financial institutions navigate the increasingly complex regulatory landscape, the spotlight remains firmly on third-party risk management. Updated guidance raises the bar for organizations to maintain robust and mature risk management programs throughout the entire lifecycle of third-party relationships. Historical milestones, such as the 2013 guidance from the OCC and the Federal Reserve, have evolved to address fintech partnerships and banking-as-a-service relationships. The 2023 interagency guidance necessitates an assessment of third-party relationships’ alignment with strategic goals and compliance with applicable laws and regulations.

Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance

The refined focus on BSA and AML compliance unveils an environment shaped by ongoing investigations and heightened regulatory scrutiny. Financial institutions must continually enhance their systems and programs to combat the growing sophistication of financial crimes and money laundering schemes. The integration of artificial intelligence (AI) into financial systems adds complexity to compliance programs, with regulators closely monitoring AI’s impact on AML efforts. Staying ahead in BSA and AML compliance is not only a regulatory requirement but a proactive risk management measure.

Cybersecurity

Cybersecurity remains a critical joint effort among regulatory agencies. Financial institutions must invest in advanced security solutions, conduct regular penetration testing, and provide comprehensive employee training. The evolving complexity of cybersecurity risk requires a nuanced understanding of each institution’s threat response capabilities. The OCC’s updated Cyber Supervision Work Program emphasizes the importance of multi-factor authentication, robust systems configurations, patch management, and effective incident response.

Operational Resilience

Ensuring operational resilience is crucial for financial institutions in today’s volatile environment. Regulatory scrutiny will focus on institutions’ ability to withstand and recover from disruptions, whether from cyber incidents, natural disasters, or other operational challenges. This includes assessing the effectiveness of business continuity plans and disaster recovery strategies. The Federal Deposit Insurance Corp.’s proposed enhanced corporate governance standards would substantially raise the bar for banks with more than $10 billion in assets if finalized.

Crypto and Digital Asset Regulation

The regulatory landscape regarding crypto and digital assets remains cloudy following market disruptions from early 2023 and ongoing legislative activities. Financial institutions must balance innovation with the need for financial safeguards. Regulators seek to strike this balance through various legislative proposals, aiming to bring clarity, investor protection, and oversight to the rapidly expanding market of crypto and digital assets.

Navigating the Regulatory Landscape with Expertise

“In challenging financial regulatory environments, we are here to help,” said Mike Pocrnich. “Our team at Element Financial Advisory provides nuanced guidance and expertise to help financial institutions navigate these complexities effectively. By adopting a proactive stance and focusing on key areas, organizations can meet rising supervisory expectations and demonstrate a commitment to sound risk management.”

About Mike Pocrnich

Mike Pocrnich brings over twenty years of dedicated experience in non-profit accounting, auditing, and financial analysis. A Minneapolis local, Pocrnich holds a BA in Accounting from St. John’s University and is proficient in various ERP and CRM software, including the Microsoft suite. His career began at CliftonLarsonAllen as a Senior Auditor, and he currently serves as Finance Manager at Element Financial Advisory, where he provides CFO and Controller services to a diverse client portfolio, including government and non-profit organizations.

About Element Financial Advisory
Element Financial Advisory is a leading financial services firm based in Minneapolis, offering comprehensive CFO and Controller services to government entities, non-profit organizations, and businesses of all sizes. Our team of seasoned professionals is dedicated to providing personalized financial solutions that drive success and sustainability.

For more information about Mike Pocrnich and Element Financial Advisory, please visit www.elementfinancial.com.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Revolutionizing Aesthetic Treatments: LURE Medical Spa Introduces Advanced Botox Las Vegas

Published

on

United States, 6th Jul 2024, King NewsWire — In a significant expansion of its aesthetic services, LURE Boutique Medical Spa is proud to announce the introduction of advanced Botox treatments tailored for the discerning clientele of Las Vegas.

A revolutionary advancement in the field of cosmetic enhancement is on the horizon. The approach is centered around personalized treatment, utilizing the latest techniques and the highest level of expertise to deliver unparalleled results. This development promises to redefine the conventional norms of cosmetic enhancement and offer a new level of confidence and self-assurance to those seeking to enhance their appearance.

Offering a Unique Blend of Luxury and Precision

Located at the heart of Las Vegas, LURE Medical Spa has consistently set benchmarks in non-surgical aesthetic treatments. With an unwavering commitment to quality, artistry, class, and transparency, LURE ensures that each client receives a bespoke treatment experience that not only meets but exceeds their expectations.

“The introduction of advanced Botox treatments is a response to our clients’ demand for non-invasive yet effective solutions to their aesthetic concerns,” says the founder of LURE Medical Spa. “Botox is not just about reducing wrinkles; it’s about enhancing individual beauty with precision and care.”

Expertise That Brings Out the Best in You

The team at LURE Medical Spa comprises highly skilled professionals who specialize in non-invasive medical aesthetics. By staying abreast with the newest trends and continuously updating their skills through education, LURE’s practitioners ensure that each Botox application is performed with the utmost precision and tailored to individual facial structures.

This personalization is key to achieving natural-looking results that enhance and refresh appearances without altering one’s inherent beauty. “Our goal is to help our clients look their best with minimal intervention and maximum comfort,” adds the clinical director.

Botox Las Vegas: A Solution for Every Aesthetic Challenge

At LURE Boutique Medical Spa, Botox is more than just a solution for aging skin; it’s a versatile tool that addresses a huge range of aesthetic and therapeutic needs. Our expert team understands the diverse capabilities of Botox, ensuring every treatment is meticulously tailored to serve more than just cosmetic purposes.

Beyond Cosmetic Enhancement

Botox’s well-known benefits for smoothing wrinkles and fine lines are just the beginning. At LURE, we harness the full potential of Botox to include therapeutic applications that significantly improve the quality of life for our clients. For individuals suffering from excessive sweating (hyperhidrosis), Botox provides much-needed relief by temporarily blocking the nerves that cause excessive sweat. This treatment is quick and efficient and can dramatically enhance daily comfort and confidence.

Additionally, Botox is a powerful ally against chronic migraines. By injecting Botox at key points around the neck, forehead, and scalp, we can reduce the frequency and severity of migraine headaches. This treatment is ideal for those who seek a non-pharmaceutical approach to manage their condition, offering significant improvements in their overall well-being.

Comprehensive Consultation and Care

At LURE Medical Spa, every Botox treatment begins with a detailed consultation. Our approach is very deeply rooted in understanding the needs & goals of each client. During the initial private consultation, we discuss your aesthetic aspirations and any medical concerns you might have, ensuring that the treatment plan is not only aesthetically pleasing but also medically sound.

Following the treatment, we provide comprehensive aftercare support designed to maximize the effectiveness of the procedures and ensure optimal recovery and satisfaction. Our team prioritizes patient education, helping you understand every aspect of your treatment and what to expect during the healing process. This educational approach empowers and helps you to make decisions about your aesthetic journey and ensures that you are fully aware of the maintenance and longevity of your Botox results.

By choosing LURE for your Botox Las Vegas treatments, you’re not just selecting a service; you’re opting for a holistic experience that covers all aspects of your aesthetic and therapeutic needs. Our commitment to providing an efficient experience that prioritizes your health, beauty, and education sets us apart as a leader in Botox treatments in Las Vegas.

Why Choose LURE Medical Spa for Your Botox Needs?

At LURE Boutique Medical Spa, we understand that choosing where to receive your aesthetic treatments is a significant decision. Here’s why our clinic stands out as the premier destination for Botox Las Vegas:

  1. Expert Care: Each practitioner at LURE Medical Spa is rigorously trained and has extensive experience in administering Botox with utmost precision and effectiveness. Our team’s technical proficiency ensures that every treatment sticks to the highest standards of safety and quality, offering peace of mind and exceptional results.
  2. Personalized Treatments: Recognizing that each individual’s facial anatomy and aesthetic desires are unique, LURE Medical Spa offers highly customized treatment plans. These plans are meticulously crafted to align with each client’s specific goals, ensuring that the outcomes not only meet but often exceed expectations. This tailored approach helps in achieving the most natural and satisfying results.
  3. Luxurious Environment: LURE Medical Spa boasts a chic, boutique setting that encapsulates luxury and comfort. Every detail of our spa’s design has been thoughtfully curated to provide an atmosphere that is not only aesthetically pleasing but also relaxing and welcoming. Clients can enjoy a serene environment while receiving their treatments, enhancing the overall experience.
  4. Proven Results: Our reputation as a leader in aesthetic treatments in Las Vegas is solidly backed by an array of positive reviews and high patient satisfaction rates. Clients leave LURE Medical Spa visibly rejuvenated and more confident, with results that speak for themselves. This track record of success is a testament to our commitment to excellence in every aspect of our service.

Choosing LURE Medical Spa means opting for a partner who values your beauty and well-being as much as you do. We invite you to experience the superior care, personalized treatment plans, luxurious environment, and proven results that LURE is renowned for.

Moving Forward with Innovation and Excellence

As LURE Boutique Medical Spa continues to lead from the front in aesthetic innovations, the addition of Botox Las Vegas treatments strengthens its position as a premier destination for those seeking to enhance their beauty with safe, effective, and non-invasive procedures.

“Every step we take is aimed at ensuring our clients’ journey towards enhanced self-confidence and satisfaction with their appearance,” concludes the founder. “At LURE, we believe in transforming lives through expert care and dedicated support.”  

For more information Visit https://www.luremedicalspa.com/ 

Media Contact

Organization: LURE Boutique Medical Spa

Contact Person: LURE Boutique Medical Spa

Website: https://www.luremedicalspa.com/

Email: Send Email

Contact Number: +17029108314

Country: United States

Release Id: 06072413952

The post Revolutionizing Aesthetic Treatments: LURE Medical Spa Introduces Advanced Botox Las Vegas appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

RWA Leading Project Oraclizer Collaborates with India’s flexiProps on Real Estate Asset Tokenization

Published

on

Grand Cayman, Cayman Islands, 6th Jul 2024 – The RWA tokenization project Oraclizer, led by CEO Jonghun Hong, has entered into a partnership with Challa Properties Pvt, Ltd. Established in 2004, Challa Properties operates the real estate fractional investment platform flexiProps, which services users in Dubai. The collaboration aims to tokenize Indian real estate on Oraclizer’s platform to facilitate trading.

flexiProps is a real estate-based crowdfunding platform targeting an annual return of 8-12%. The company owns properties in Chennai and northern Mumbai, India, and allows for fractional investment in these properties. Its primary users are based in Dubai, and the platform has successfully completed crowdfunding for several properties, securing many users and additional investment opportunities. Users of flexiProps can invest in properties identified through thorough data analysis and market research, and they can receive rental income or profits from property value appreciation.

Jonghun Hong, Lead of Horizen Korea Team, which operates Oraclizer, stated, “Through this business collaboration, we can now trade and invest in Indian real estate on the Oraclizer tokenization platform, bringing one of blockchain’s key benefits, global liquidity, to India. While there are many domestic trading platforms for fractional investment both in Korea and abroad, we are excited about the collaboration with flexiProps, which chose Oraclizer as a method to reliably provide global liquidity through blockchain.”

In 2024, India’s residential real estate sector is expected to maintain continuous growth driven by strong demand. The increasing urbanization and growing middle class in India are contributing to the steady rise in demand for residential properties. The commercial real estate sector is also seeing consistent demand for office space, supported by India’s economic growth and the expansion of the IT and service industries. Major real estate reports from CBRE and JLL predict strong growth for the Indian real estate market in 2024, highlighting the potential for Oraclizer to offer a tokenization platform that allows global investors to enter the Indian market in new ways.

Additionally, Oraclizer recently signed an agreement with Erkhembayar Baltsuk, Deputy CEO of TransBank, to advance RWA tokenization and blockchain industry development in Mongolia. And had a meeting with the Communications Regulatory Commission of Mongolia, one of Mongolia’s central government bodies. Based on their recently published paper, “A Regulatory Compliance Protocol for Asset Interoperability Between Traditional and Decentralized Finance in Tokenized Capital Markets,” the team has been advising the Mongolian government on blockchain-related regulations. They also discussed collaboration on on-chain operational methods for direct interoperability with financial systems that allow actual ownership changes, in contrast to traditional SPV (or SPC)-based RWA tokenization, which does not involve ownership changes.

The Horizen Korea team leading Oraclizer consists of the core team that conceptualized and developed Shinhan Financial Group’s Shinhan Digital Asset Platform. Additionally, they are actively involved in introducing blockchain technology across various sectors, including pilot projects for blockchain adoption in public institutions in Korea and the membership NFT for Kolon’s Hotel Cappuccino.

Horizen (Ticker: ZEN/ETF: HZEN), a project launched in 2017 that is listed on major exchanges such as CoinBase and Binance. It is also well-known for being part of the portfolios of Grayscale and Digital Currency Group (DCG), both of which are prominent ETF asset management firms. Recently, Horizen has launched zkVerify and migrated Horizen to the EON chain, showcasing significant advancements in various areas within the rapidly evolving industry. Additionally, with the recent removal of anonymity features, the monitoring tag has been removed from Binance.

To learn more visit: https://oraclizer.io

Media Contact

Organization: The Oraclizer Foundation

Contact Person: Yull Jo

Website: https://oraclizer.io

Email: Send Email

City: Grand Cayman

Country: Cayman Islands

Release Id: 06072413958

The post RWA Leading Project Oraclizer Collaborates with India’s flexiProps on Real Estate Asset Tokenization appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

DHRUVA RESEARCH is launched – Building India’s top financial education platform

Published

on

Mr. Prabhat Kumar, a well-known SEBI registered research analyst, announced today that his financial market research institute DHRUVA RESEARCH is officially launched. The institute is committed to improving the financial literacy and investment capabilities of Indian investors through education and research, and fundamentally changing investors’ perception of the market.

“Over the years, I have accumulated rich experience in the global financial market. The epidemic has not only changed the global economic landscape, but also made me re-examine my own development direction,” said Mr. Prabhat Kumar. “I firmly believe that through education and the dissemination of knowledge, more investors can succeed in the financial market.”

Professor Prabhat Kumar has a rich educational background and professional experience in the field of finance. He graduated from the famous Indian institution Indian Institute of Management Bangalore (IIM Bangalore), and went to Rutgers Business School in the United States in 2001 to study for an MBA and a master’s degree in finance, graduating in 2004.

Throughout his career, Professor Prabhat Kumar has demonstrated outstanding financial analysis and management capabilities:

  • From August 2009 to August 2011, he worked as a commercial banking account manager at Citibank, USA, during which he was transferred to Citibank’s investment banking analyst assistant for 8 months.
  • From 2012 to November 2015, he worked as an analyst at Merrill Lynch, USA, and was promoted to chief analyst in 2014 due to his excellent trading performance.
  • From March 2016 to December 2019, he served as deputy team leader in the wealth management department of Barclays Capital, and transferred to the research department in June 2017 and was promoted to the main person in charge.

Professor Prabhat Kumar has more than 15 years of experience in the financial field and is a well-respected SEBI registered research analyst. He has accumulated rich research and investment experience in financial markets around the world and has a deep understanding of financial instruments such as stocks, bonds, and derivatives. He has worked in many internationally renowned financial institutions and played an important role in many financial research projects, committed to providing customers with excellent investment advice and market analysis.

Professor Prabhat Kumar is passionate about education and knowledge dissemination. He firmly believes that education is the key to improving investor literacy. He has given speeches at international financial conferences and seminars many times, sharing his research results and investment experience, which has been widely recognized and praised. As the founder and chief mentor of DHRUVA RESEARCH, he hopes to pass on his knowledge and experience to more investors through this platform and help them find a successful path in the complex financial market.

With the official launch of DHRUVA RESEARCH, all related services will be open to the public free of charge during the trial operation phase. The institute will also participate in the analyst challenge organized by the CFA Institute to take this opportunity to demonstrate its strength and attract more attention.

Through exchanges with friends and people in the investment circle, Professor Prabhat Kumar concluded that the main reasons for losses of Indian investors are concentrated in the following aspects: first, they cannot adapt to market fluctuations, second, they lack sufficient knowledge and research, third, they over-trade, and fourth, they do not know how to diversify risks. However, as the world’s most populous country and a future economic giant, India’s financial market is booming, and the influx of domestic and foreign funds has prompted more and more ordinary people to get involved in the stock market. This phenomenon further deepened the professor’s determination to establish a high-end financial research institute, hoping to improve the quality of investors through education and fundamentally change the status quo.

To this end, Professor Prabhat Kumar has a lofty vision – to establish a financial market research institute to cultivate high-end financial talents in India and even the world, and change investors’ perception of the market. He knows that shaping a mature investment culture is inseparable from the guidance and demonstration of a high-end circle. Therefore, he plans to enhance his social influence by participating in the CFA Institute Research Challenge organized by the CFA Institute to attract more people with lofty ideals to join this movement of knowledge popularization and ability improvement.

The CFA Institute Research Challenge is not only a platform to demonstrate personal ability, but also an excellent opportunity to learn and communicate with industry elites. Professor Prabhat Kumar hopes to attract more investors and financial practitioners by making a name for himself in the competition, and accumulate popularity and demonstrate strength through his own teaching and practice to help more people understand the essence of the stock market. The professor will also selflessly share his experience accumulated over the years, so that investors can ride the wind and waves in the turbulent stock market and sail to the other side of profitability.

Professor Prabhat Kumar’s wish is not limited to personal achievements. He hopes to make important contributions to India’s financial education brand through his own efforts. With the help of the CFA Analyst Challenge platform, he will make more like-minded friends to jointly promote the healthy development of India’s financial market and create a more stable and knowledge-rich investment environment.

Professor Prabhat Kumar firmly believes that through the dissemination of knowledge and the guidance of the circle, India’s investment environment will definitely get better and better. Let us look forward to the financial education platform he has built to bring new enlightenment and gains to investors in India and even the world, so that more people can realize their dreams on the road of investment and welcome a promising future together.

Media contact

Company Name:Dhruva Research

Email: [email protected]

Country:India

Website:dhruvaresearch.com

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST