Israelis and Palestinians celebrated a rare moment of hope on Monday as a massive hostage and prisoner swap marked the first major step toward ending two years of war in Gaza. The exchange, part of a U.S.-brokered peace plan, saw Hamas release all living Israeli captives while Israel freed nearly 2,000 Palestinian prisoners and detainees.
Emotions ran high across both sides. In Israel, tearful families embraced their loved ones after years of uncertainty, their cries of relief echoing through crowds gathered outside hospitals and military bases. In Gaza and the occupied West Bank, Palestinian families celebrated the homecoming of relatives who had spent years behind bars, waving flags and chanting as buses carrying freed prisoners rolled in.
“This marks a historic dawn in a new Middle East,” U.S. President Donald Trump declared in a speech to Israel’s parliament, the Knesset, shortly after landing in Tel Aviv. He hailed the exchange as a “turning point toward lasting peace” before departing for Egypt to attend a summit in Sharm el-Sheikh with more than 20 global leaders.
At the summit, the United States, Egypt, Qatar, and Turkey signed a declaration guaranteeing the ceasefire, which began on Friday. The agreement follows months of diplomatic effort to end a war that has devastated Gaza, killing more than 67,000 people and destroying most of its infrastructure, according to the Hamas-run health ministry and the United Nations.
For many, Monday’s scenes of reunions symbolized both joy and grief. “For over two years, the hope of holding Ariel again is what sustained and drove me every single day,” said Arbel Yehoud, a former hostage reunited with her partner, Ariel Cunio. “I am overwhelmed with emotion and joy.”
However, tensions surfaced as families of Israeli hostages expressed anger that Hamas returned only four bodies of those confirmed dead. The Israeli military said it would conduct forensic tests before identifying the remains. Reports suggest up to 24 other hostages’ bodies may still be in Gaza, with Hamas claiming it cannot locate all remains within the ceasefire’s timeframe.
As part of the deal, Israel released around 1,700 Palestinians detained without charge and about 250 serving life sentences. Many of those freed into the West Bank were greeted by jubilant crowds in Ramallah, some draped in keffiyehs but visibly weak from years in detention. “There is joy, and there is pain,” said Khalil Muhammad Abdulrahman Al-Qatrous, waiting outside Nasser Hospital in Khan Younis for his son’s return.
In the Knesset, Trump received a standing ovation during his address, where he declared that “the long and painful nightmare is finally over.” His remarks were briefly interrupted by an opposition member holding up a sign reading “Recognise Palestine.” Later, Trump met with world leaders including UK Prime Minister Sir Keir Starmer, French President Emmanuel Macron, and several Arab heads of state. The stage at the summit bore the words “Peace in the Middle East,” signaling optimism for a new regional chapter.
Under Trump’s 20-point peace framework, Gaza will be temporarily governed by a committee of Palestinian technocrats overseen by a U.S.-chaired “Board of Peace.” Former UK Prime Minister Tony Blair is expected to play a key role on the board, which will guide Gaza toward eventual control by a reformed Palestinian Authority.
But experts warn that implementing the next phases of the plan will be difficult. Disputes remain over Israel’s troop withdrawal, Hamas’ disarmament, and the governance of Gaza. Hamas has rejected foreign oversight and insisted it will not surrender its weapons unless a sovereign Palestinian state is established. Israeli Prime Minister Benjamin Netanyahu has also opposed restoring the Palestinian Authority’s control over Gaza.
When asked about the next stage of talks, Trump said, “It’s started. The phases are all a little bit mixed in with each other.”
The war began after Hamas’ October 7, 2003, assault on southern Israel, which left 1,200 people dead and 251 taken hostage. Since then, Israel’s military campaign has leveled much of Gaza, leaving over 90% of its residential buildings damaged or destroyed.
Despite lingering skepticism, Monday’s exchange gave both sides a rare glimpse of peace. As one Palestinian woman said upon reuniting with her son, “Honestly, the happiness and joy is indescribable, despite the suffering… today we came to celebrate.”
Venezuelan opposition leader María Corina Machado has been awarded the 2025 Nobel Peace Prize for her unwavering commitment to democracy and human rights in her home country. The Norwegian Nobel Committee announced the honor on Friday, praising her for keeping “the flame of democracy burning amid a growing darkness” in Venezuela.
Machado, who has lived in hiding since last year’s disputed election, was recognized “for her struggle to achieve a just and peaceful transition from dictatorship to democracy.” Born in Caracas in 1967, she trained as an industrial engineer before entering politics. In 2002, she founded Súmate, a civic organization that promotes political participation and monitors elections.
Known for her belief in “ballots over bullets,” Machado has long championed nonviolent resistance to authoritarian rule. The Nobel committee described her as “one of the most extraordinary examples of civilian courage in Latin America in recent times.”
Upon receiving the call from Oslo, Machado said she was overwhelmed. “Oh my god … I have no words,” she said after being awakened in the middle of the night. In a statement, she dedicated the award to the Venezuelan people, calling it “a recognition of what we have achieved together and a reminder of what still remains.”
Although the White House criticized the Nobel Committee for overlooking President Donald Trump’s peace efforts, Trump himself congratulated Machado after speaking with her by phone. “The person who actually got the Nobel Prize called today, called me and said, ‘I’m accepting this in honor of you,’” Trump told reporters.
Machado confirmed the conversation, expressing gratitude for U.S. support. “We are deeply grateful to President Trump,” she told El País. On X, she wrote, “We are on the threshold of victory, and today more than ever we count on President Trump, the people of the United States, the people of Latin America, and the democratic nations of the world as our main allies in achieving freedom and democracy. Venezuela will be free!”
Tensions between Washington and Caracas have intensified in recent months. According to U.S. officials, Trump’s administration is pursuing a broader strategy aimed at isolating President Nicolás Maduro, including economic sanctions and naval operations targeting alleged “narco-trafficking” vessels off the Venezuelan coast.
Machado’s journey toward democratic reform has been marked by setbacks and danger. Freedom House reports that Venezuela’s institutions have deteriorated sharply since 1999, with political repression deepening under Maduro’s rule.
In 2024, Machado sought to challenge Maduro in the presidential race but was barred from running. She later backed Edmundo González Urrutia and mobilized volunteers to ensure transparent elections. Both candidates claimed victory, but the government-controlled electoral body declared Maduro the winner with 51.95% of the vote. Opposition observers reported “suspicious” data patterns, suggesting widespread irregularities.
Machado insisted that her team had proof that Maduro lost “in a landslide to Edmundo, 67% to 30%.” Writing in The Wall Street Journal, she said her group had secured “receipts obtained directly from more than 80% of the nation’s polling stations.” The Nobel Committee commended her for ensuring that “the final tallies were documented before the regime could destroy the ballots and lie about the outcome.”
The Biden administration also concurred that there was “overwhelming evidence” Maduro had lost. Following the disputed vote, the Venezuelan government cracked down on dissent, with Human Rights Watch reporting killings, torture, and disappearances of activists.
Since then, Machado has operated underground, reemerging briefly during mass protests in early 2025. Speaking from an undisclosed location, she told CNN that the regime had “lost total touch with reality and lost its social base,” but insisted that millions of Venezuelans remain committed to democratic change. “Everyone in Venezuela is afraid of losing our freedom or even our lives,” she said. “But above all, we are committed to make the truth prevail and get a transition to democracy peacefully.”
Announcing the award, Jørgen Watne Frydnes, chair of the Nobel Committee, said Machado’s courage exemplifies the values Alfred Nobel envisioned. “She has brought her country’s opposition together. She has never wavered in resisting the militarization of Venezuelan society. She has been steadfast in her support for a peaceful transition to democracy,” Frydnes said.
Her ally González celebrated the decision, saying the prize honors “peace, a fundamental element in our campaign.” He called Machado “an upright, brave and courageous political figure.”
Analysts view the award as a symbolic stand for global democracy. Karim Haggag, director of the Stockholm International Peace Research Institute, said the committee “clearly chose to highlight democracy as a priority area” amid a global decline in democratic norms. Nina Græger, director of the Peace Research Institute Oslo, added that the award is “above all, a prize for democracy,” emphasizing that “research shows democracy is an important precondition for peace.”
Last year’s Peace Prize went to Nihon Hidankyo, a Japanese organization of atomic bomb survivors, underscoring the Nobel Committee’s focus on global threats such as nuclear proliferation. This year, the emphasis has shifted toward defending democracy in the face of authoritarian resurgence.
The Nobel Peace Prize carries a cash award of 11 million Swedish kronor, or roughly $1 million, and will be presented in Oslo in December. However, Frydnes said it is uncertain whether Machado can attend due to security concerns. “It’s a question of security. It’s too early to say. We always hope to have the laureate with us in Oslo, but this is a serious security situation which needs to be handled first,” he said.
For many Venezuelans, Machado’s recognition marks both validation and motivation. As she said in her acceptance statement, “This prize is not mine alone. It belongs to all who continue to believe in ballots over bullets. Our fight is not over, but this gives us hope that the world is watching.”
Generative AI (Gen AI) is reshaping the workplace, offering powerful tools for creativity, productivity, and efficiency. However, unlocking its potential hinges on more than just adoption; employees must develop a nuanced understanding of how to use this technology effectively. Organizations must go beyond traditional training approaches and embrace rigorous tracking of learning progress and outcomes specific to Gen AI skills. By measuring key performance indicators (KPIs) such as skill application rates, engagement metrics, and real-world results, leaders can ensure that their teams stay competitive in this rapidly advancing field.
Why Tracking Gen AI Skills Progress Is Crucial
Without a clear system to measure how employees are learning and applying these tools, organizations risk misaligned training efforts and underwhelming outcomes.
Gen AI tools, from text generators to image creation platforms, require a blend of technical expertise and creative application. Without a clear system to measure how employees are learning and applying these tools, organizations risk misaligned training efforts and underwhelming outcomes. Tracking provides actionable insights that guide improvements in learning programs, ensuring employees acquire not only knowledge but also the confidence to leverage Gen AI effectively.
Skill Application Rates: It’s not enough for employees to complete a training module on Gen AI; organizations must evaluate how well they apply those skills in their roles. For instance, are content teams using Gen AI-generated suggestions to improve efficiency, or are they ignoring its inputs, preferring to generate and edit their own content?
Engagement Metrics: Measuring time spent on training modules, participation in Gen AI simulations, and frequency of interaction with learning tools can reveal whether employees are actively engaged with the content or merely going through the motions.
Post-Training Results: The ultimate test of Gen AI learning is its real-world impact. Metrics such as increased productivity, error reduction, and enhanced innovation reflect how effectively employees are utilizing Gen AI to meet organizational goals.
Client Case Study: Scaling Gen AI Skills Adoption at a Regional Retailer
A regional retailer illustrates the transformative power of tracking Gen AI learning progress. Facing mounting competition, the company sought to use AI-driven tools to improve marketing personalization and streamline supply chain operations. However, initial adoption efforts fell short. Employees struggled to integrate Gen AI applications into their workflows, and training programs yielded inconsistent results.
To address these challenges, the company partnered with me as a consultant specializing in Gen AI adoption strategies. We implemented a robust tracking system with the following components:
Baseline Assessments: We tested employees on their familiarity with Gen AI tools and core AI concepts before training began.
Tailored Learning Modules: We customized training to address specific gaps, such as using Gen AI for customer segmentation or predictive analytics.
Real-Time Progress Monitoring: Dashboards provided managers with insights into module completion rates, engagement levels, and assessment scores in real time.
Outcome Tracking: We also measured post-training KPIs, such as increased marketing campaign ROI and reduced inventory mismanagement.
Within three months, 87% of employees reported confidence in using Gen AI tools, up from just 40% before training. More importantly, the retailer achieved a 15% reduction in inventory errors and a 20% increase in marketing campaign performance, demonstrating the tangible value of targeted, data-driven learning programs.
Identifying Gen AI Skills Gaps
Tracking learning progress is particularly valuable in identifying skills gaps, which are often amplified when adopting complex technologies like Gen AI. Many employees may struggle with specific aspects of Gen AI, such as prompt engineering, interpreting AI outputs, or understanding ethical considerations. By analyzing pre- and post-training assessments, organizations can pinpoint these challenges and refine their programs.
For instance, if data shows that employees consistently perform poorly on tasks related to evaluating AI-generated insights, it could indicate a need for more focused training on critical thinking and contextual judgment. Similarly, if team members excel in basic operations but struggle with advanced applications, leaders can design supplemental modules to close these gaps.
Generative AI is not a one-size-fits-all tool, and we should not approach its training in that way. Tracking learning outcomes enables organizations to personalize the learning journey for each employee, tailoring it to their specific strengths, weaknesses, and roles. Personalized learning fosters higher engagement and better retention, ensuring employees are not overwhelmed or under-challenged.
For example, a marketing analyst may need intensive training on creating compelling AI-generated copy, while a data scientist may focus more on configuring AI models for predictive analytics. Tracking data such as individual progress rates and feedback allows organizations to offer customized learning paths that adapt in real-time to employees’ needs.
Leveraging AI Tools to Track AI Learning
One of the best ways to track learning progress in Gen AI programs is by using AI itself.
Ironically, one of the best ways to track learning progress in Gen AI programs is by using AI itself. Advanced learning management systems (LMS) with built-in AI capabilities can analyze employee interactions, generate insights on performance trends, and even recommend personalized training modules. These tools simplify the process of collecting, interpreting, and acting on learning data, allowing leaders to focus on strategic improvements.
For instance, AI-powered LMS platforms can flag employees who may need additional support, such as those repeatedly scoring below average on AI ethics modules. They can also identify top performers who might be ready for leadership roles in AI adoption initiatives.
Best Practices for Tracking Gen AI Learning
To maximize the impact of tracking, organizations should follow these best practices:
Define Clear Objectives: Align training goals with strategic business priorities. For Gen AI, this could mean improving innovation rates, reducing repetitive manual tasks, or enhancing customer experiences.
Integrate Real-World Scenarios: Ensure training programs simulate practical challenges employees are likely to face when using Gen AI tools. This bridges the gap between theory and application.
Foster a Culture of Feedback: Use both quantitative data and employee feedback to refine training programs. Understanding learners’ experiences helps fine-tune content and delivery methods.
Continuously Review and Adapt: Gen AI technologies evolve rapidly, so training programs must keep pace. Regularly updating learning content and tracking mechanisms ensures long-term relevance, while managing risks.
Conclusion: Data-Driven Learning for the Gen AI Era
The rise of Gen AI presents organizations with incredible opportunities—but also challenges. Without effective tracking of learning progress and outcomes, businesses risk falling short of realizing AI’s full potential. By implementing robust systems to monitor skill acquisition, identify gaps, and personalize learning, leaders can ensure their teams are equipped to thrive in the AI-driven future. Tracking learning outcomes isn’t just about measurement; it’s about creating a culture of continuous growth and innovation where employees and AI work together to achieve extraordinary results.
Bringing in a new PR and communications agency offers exciting opportunities, but only if guided by a clear, thorough brief. This article explores why a well-prepared communications brief is essential, what to include, and how it sets the foundation for measurable impact, strategic alignment, and long-term business success.
Bringing on board a new PR and communications agency can – and should – feel like opening up a world of possibilities. Perhaps you’re aiming to increase sales, attract investment, or protect your company’s reputation.
Yet, if your initial brief didn’t fully convey your goals, challenges, background, and context, you could quickly run into issues. Initial meetings can feel like everyone is aligned and ideas are flowing, yet a few weeks down the line, you find that things have drifted off course. Messaging may miss the mark, timelines are slipping, and the costs are quickly starting to mount up.
So how can business leaders avoid these pitfalls? The key is preparing a brief that is crystal clear, thorough, and equips your agency to deliver measurable impact.
Why a communications brief matters
A good brief is not just a tick box exercise; it’s the foundation of a successful partnership. Think of it as a roadmap for your agency, outlining your objectives, target audiences, key messages, budget, timelines, and expectations. It also serves as a point of reference when evaluating success.
If you have several agencies lined up in a tender process, ensure that each agency receives the same brief. You should also be prepared to discuss your brief with prospective agencies during the tender process and when commencing work. Their input may prove extremely valuable, bringing expertise from your sector and a new perspective that may help you refine your thinking.
Start with where you are
Help your agency to understand your starting point; what does your business do, and what areas of expertise set you apart in your market? Which products, services, or capabilities currently drive growth?
Next, a comms agency will need to understand the overall business problem. No business operates without any challenges, and your communications strategy should be designed with these in mind. What operational, market, or reputational pressures are shaping your current priorities? Perhaps it’s the current sales performance or industry shifts? A communications strategy that reflects your current reality will help identify the areas that your business will have the most impact.
Then, outline your plans. What’s the big driver for the next five years? Are you developing a product roadmap, expanding a service, or considering a rebrand? What audiences are most important, and why? Ranking your audience groups in order of priority can clarify where your communications efforts should focus.
Finally, provide context on your competitive landscape. How crowded is the marketplace, and where do you currently fit in? Who are your closest competitors, and why? What position would you like to take within your market in five years, and how realistic is this goal?
Share existing marketing and messaging plans
Your current communications are the starting point for your agency. Whether or not you have an existing messaging plan, explain how your brand is currently described. What is your value proposition? What is your company’s mission, purpose, and ethos? How would you describe the way that your business (and all employees) operates, and what is important to you?
This stage can also reveal inconsistencies in messaging across channels. A fresh perspective from an agency can highlight gaps or areas where clarity is needed.
Explain your top-line marketing plans and why a communications activity, project, or full strategy is required, particularly if you’re entering a phase of structured PR campaign planning. How will the communications plan tie in with the existing marketing plan? Who are the key stakeholders that the agency would need to engage with? Understanding all of the pieces of the puzzle will help your agency to hit the ground running.
Define what success looks like
Success looks different to each stakeholder. Who holds the budget, and who will influence the strategy? How do objectives vary between leadership, marketing, product, or other teams? A clear understanding of these expectations is vital for your agency to deliver a strategy that satisfies all.
Be prepared to discuss both short and long-term objectives, as results expected in three months may look very different from results aligned to a five-year growth or exit strategy. Sharing the long-term roadmap ensures that every campaign contributes to your overarching goals and allows your agency to measure results effectively.
Share your budget and timelines
While you may not have a precise figure, providing a ballpark budget is essential. Agencies can then propose different tiers – say bronze, silver, and gold – each aligned with your objectives and budget.
The same goes for the timeline – there’s a huge difference between what can be achieved in a month or a year, so be clear when results need to be achieved.
Building a long-term relationship
Investing time upfront in briefing your agency pays dividends in the long run. Clarity from the outset ensures that the strategy is focused and that your investment is maximised. Encourage conversations with the agency and your internal stakeholders – it is time well spent.
If your brief isn’t fully formed, a good agency will provide a reverse brief template. This allows you to check that their interpretation aligns with your objectives and priorities.
An investment in time that delivers long-term success
Bringing your communications agency into the fold and investing time in briefing them will pay off again and again in the long run. Being clear from the start about what your ultimate end goal is will deliver the most effective strategy and will ensure that your investment is maximised.
Also, speak to your agency to see what’s needed of you to make the relationship as effective as possible. Ultimately, what you’re aiming for is a communications strategy that doesn’t just support your business – it actively drives it forward.
Laura Lear, Managing Director, strategic communications agency, AMBITIOUS.A strategic communications leader, Laura Lear has over 20 years’ experience in global PR, corporate communications and reputation management. She has worked at agencies including Edelman, McCann and Speed Communications and is using her expertise to support the next phase of AMBITIOUS’ development.
The true role of financial transparency is to turn numbers into a shared language of trust. It is not about perfect figures, but about honest storytelling with data — a discipline that aligns teams, reassures investors, and drives sustainable growth.
Investors today are inundated with pitches, but only a fraction of startups win their trust. What separates those who succeed is not just vision or growth potential, but clarity — the ability to show numbers that tell the real story. As a CFO, I see my role as turning numbers into a shared language across the company. In a market where capital is limited and scrutiny is high, financial transparency has become one of the most decisive success factors.
For me, transparency is not a burden — it is the foundation of trust. Trust with investors, trust inside the team, and ultimately trust with the market. That trust is not just relational; it becomes a real competitive advantage.
Building Investor Trust Through Transparency
I define financial transparency as creating an environment where numbers are structured, traceable, and honest — without hidden lines or blurred assumptions. Every cost, every forecast, every projection should have a clear place and logical explanation.
But transparency goes beyond mechanics. It’s about clarity, trust, and accountability — making sure the “why” behind the numbers is visible, not just the “what.” Investors value this deeply. They are not put off by weaknesses; they are put off by uncertainty. When startups gloss over figures or hide risks, investors notice quickly and lose confidence. In contrast, when a company openly shows both its strengths and weaknesses, it demonstrates discipline and respect for investor trust.
In one investment round I led, we initially struggled to convince investors. The turning point came when we opened up our full financial model — burn rate, unit economics, and even the weak spots. Instead of walking away, investors appreciated the honesty, asked sharper questions, and committed more quickly than expected. Transparency transformed hesitation into confidence.
Impact on Valuation and Investment Outcomes
Transparency directly affects how investors value a company and how quickly deals close. A full, connected picture matters: regular reporting builds trust, forecasts show discipline, cost structures reveal efficiency, and cash flow management proves the ability to survive and scale.
I have seen deals accelerate simply because investors did not have to spend weeks digging for hidden details. When financials are clear, assumptions are explained, and risks are acknowledged, conversations shift from “Can we trust this data?” to “How do we grow this business together?” In this way, transparency doesn’t just improve trust — it improves the economics of the deal.
And of course, valuation is only one side of the equation. For founders, transparency starts much earlier — long before the first CFO joins the team.
Early Steps Founders Can Take
Even before a CFO is in place, founders can lay the groundwork for financial transparency. From my experience, five early habits make all the difference:
Separate personal and business expenses. Many founders blur the lines, especially when bootstrapping. Keeping finances distinct avoids confusion and signals professionalism to investors.
Document assumptions behind forecasts. Numbers without logic are meaningless. Write down the reasoning behind every revenue, hiring, or cost assumption. If you adjust the model later, a record of assumptions shows how your thinking evolved.
Track cash flow with rigor. Cash is the lifeblood of any startup. Even a simple spreadsheet can suffice, but you must know your runway, major upcoming expenses, and how revenue fluctuations affect survival.
Use consistent reporting tools. Beautiful pitch decks don’t replace structured financial reporting. Even simple monthly reports in a consistent format reduce friction, create comparability, and build credibility over time.
Be open about risks and realistic about projections. Nothing destroys investor confidence faster than overpromising. Acknowledging risks — whether customer concentration, delays, or regulatory hurdles — shows discipline and preparedness.
When this culture is set early, a future CFO can build on a solid foundation instead of untangling unclear practices. Transparency is much easier to establish at the start than to retrofit later.
The CFO’s Role in Embedding Transparency
Transparency is not just about producing reports for the board — it’s about ensuring that founders, teams, and investors all understand the financial story in the same way.
That means building systems where data is structured and accessible, and modeling honesty by highlighting not only opportunities but also risks. When a CFO communicates consistently with clarity, transparency becomes part of the company culture. It evolves from a reporting requirement into a way of operating.
Balancing Transparency and Sensitive Information
In industries like AI or DeepTech, transparency must be balanced with protecting intellectual property and competitive edges. But transparency does not mean revealing every trade secret. It means ensuring that investors have a clear, honest view of unit economics, runway, and risk factors, while safeguarding proprietary algorithms or client data.
Transparency is about clarity of numbers and logic, not full disclosure of confidential details. Framed this way, it builds investor trust without compromising competitiveness.
Broader Strategic Benefits
The benefits of transparency extend far beyond investor relations. When numbers are openly shared within a company, teams gain a shared understanding of priorities, resources, and risks. This alignment reduces internal friction and helps everyone focus on the same goals.
I’ve seen startups practicing transparency not only attract capital more easily, but also execute with sharper discipline and stronger unity. Openness creates a culture of accountability and resilience, qualities that become especially valuable in times of uncertainty or rapid change.
Conclusion
Financial transparency is no longer optional — it is the currency of trust. For investors, it reduces uncertainty and accelerates decision-making. For teams, it provides clarity and alignment. For founders and CFOs, it creates a framework for disciplined growth.
I see transparency not as perfect numbers, but as honest storytelling with data. The companies that embrace this principle early, embed it in their culture, and balance it with competitive safeguards will not only secure investment but also build stronger, more sustainable businesses.
In a world where uncertainty is the norm, clarity is the most powerful signal of credibility. Transparency is not just a reporting practice — it is a long-term success factor in attracting investment.
Maria Azatyanis an international CFO and strategic partner for tech startups from Seed through Series B. She is a member of two leading U.S. finance leadership communities — The CFO Leadership Council and Financial Executives International.
A strategic framework for integrating digital assets through custody, governance, and sustainability
This article proposes a six-pillar framework for private banks to govern digital assets responsibly. By combining custody, compliance, allocation, insurance, governance, and sustainability, the model extends Switzerland’s legacy of trust into the digital era—showing how institutions can embrace innovation without compromising prudence or reputation.
Introduction
Wealth has always sought protection. In the twentieth century, Switzerland became the trusted guardian of global fortunes by mastering two arts: discretion and governance. The vaults of Zurich and Geneva were more than steel and stone—they embodied continuity, stewardship, and the promise that wealth could be preserved across generations.
Today, that legacy now faces a new frontier. Digital assets—cryptocurrencies, tokenized securities, and blockchain-based wealth—have moved beyond speculation. They are emerging as the preferred instruments of entrepreneurs, millennials, and the heirs of tomorrow. By 2030, as much as one-fifth of next-generation wealth could be allocated to digital assets. This reflects broader shifts highlighted in the World Economic Forum’s Future of Wealth and Sustainability initiatives, which stress that next-generation investors expect digital assets to be integrated with impact and responsibility.
For this generation, wealth is not only financial — it is purpose-driven. They expect their capital to be managed responsibly, aligned with sustainability, and governed with the same rigour that built Switzerland’s reputation for trust.
The challenge for private banks is therefore not whether to embrace digital assets — clients already do — but how to govern them in ways that preserve trust while advancing broader goals of responsibility and sustainability.
This paper proposes a framework—Crypto Vault & Governance—built on six strategic pillars that enable private banks to integrate digital assets securely, prudently, and in line with their long-standing DNA of stewardship. The vision is clear: Switzerland once built the world’s most trusted vaults for gold and securities. The new Swiss vault must be digital— forged not only of governance and discretion, but also of sustainability and purpose.
Part I: The Strategic Opportunity
A silent generational revolution is reshaping private banking. Wealth is shifting into the hands of digital natives who view Bitcoin and tokenized assets not as speculation, but as inheritance. More than half of wealthy millennials already hold digital assets, and they expect their banks to provide custody, advice, and governance alongside traditional portfolios. For them, crypto is not an alternative— is it part of the core narrative of wealth, alongside sustainability and purpose.
Figure 1: Generational Shift: More than half of HNW millennials (55%) already hold digital assets, compared to barely one in ten boomers (12%). This highlights a profound shift in expectations: younger clients demand integration of digital assets with both traditional portfolios and impact-oriented strategies.
The competitive landscape, however, remains fragmented. Institutions such as DBS in Singapore or Fidelity in the U.S. have launched custody and tokenization platforms, but these efforts are still narrow in scope. In Switzerland, the heartland of private banking, no traditional pure-play private bank has yet delivered a fully institutional, endto-end solution.
This creates both a risk and an opening. The risk is stark: to lose relevance with the very clients who will define the next century of private banking. But the opportunity is equally clear: to become the trusted architect of integrated wealth—traditional and digital, financial and sustainable, present and intergenerational. For the World Economic Forum community, this is not simply about market leadership, but about shaping a financial system where innovation and sustainability advance together.
Part II: The Barriers That Hold Back Private Banks
If the opportunity is compelling, the challenges are equally undeniable. Digital assets do not fit neatly onto a shelf of offerings—they reshape the blueprint of private banking and call for responsible innovation.
Volatility underscores the importance of disciplined allocation frameworks and transparent risk management.
Security risks—hacks, fraud, and irreversible transactions—highlight the need for institutional-grade custody, resilience, and collaboration with the cybersecurity sector.
Regulation and compliance— from KYC and AML to tax reporting—remain complex and evolving, requiring proactive alignment with emerging global standards. As the World Economic Forum’s Global Risks Report 2024 notes, digital assets exemplify the dual challenge of innovation and trust, requiring coordinated governance.
Reputation risk reminds institutions that trust must be at the centre of digital wealth integration, reinforced by transparency and sustainability principles.
Infrastructure immaturity signals the urgency of establishing global standards for custody, reporting, and valuation, turning today’s fragmentation into tomorrow’s harmonisation.
It is no surprise, then, that most private banks have remain cautious, often standing as observers rather than actors. But caution is not a strategy. Leadership requires building models that transform these challenges into structured governance — demonstrating that innovation and sustainability can reinforce, rather than undermine, trust.
Part III: The Six Pillars of the New Swiss Vault
To integrate digital assets without losing trust, private banks must construct a system as rigorous as the vaults that once made Switzerland a synonym for safety. This rests on six strategic pillars:
Figure 2: The Six Pillars Framework: A governance-driven architecture that extends Switzerland’s tradition of trust into the era of digital wealth, while aligning innovation with responsibility and sustainability.
Wealth cannot rest on fragile infrastructure. Custody must combine cold-wallet storage, multi-signature protocols, and independent verification. It should be auditable, insurable, and built to institutional standards— the digital equivalent of Switzerland’s most trusted vaults.
2. Integrated Compliance by Design
Trust begins with legitimacy. Every asset must be screened for origin, legality, and tax impact. Automated blockchain analytics, anchored in rigorous compliance protocols, act as a filter—ensuring that only clean and transparent assets enter the vault.
3. Prudent Allocation: The Crypto Bucket
For today’s private banks, the question is not whether clients hold digital assets—they already do. The strategic task is to integrate them into a disciplined allocation framework. Depending on client profile, this may mean 5-10% of total wealth, managed with full transparency on performance, correlation, and risk. Digital assets must be treated with the same discipline as equities or bonds, not as speculative sidelines.
4. Insurance & Risk Hedging
Trust is built on guarantees. While volatility has created some of the largest fortunes in digital assets, the mandate of a private bank is different: to preserve and govern wealth. Institutional insurance against hacks and fraud, coupled with structured hedging instruments, allows clients to benefit from upside exposure while ensuring that downside risks are contained.
5. Governance & Succession
Wealth is not just money—it is continuity. Multi-signature arrangements that involve heirs or trustees, integration of digital assets into family governance structures, and targeted education for clients all ensure that crypto holdings can be transferred and inherited rather than lost or forgotten.
6. Sustainability by Design
Private banks cannot ignore their broader responsibility. The vault of the future must prioritize proof-of-stake and energy-efficient protocols, while also channelling capital into tokenized sustainable assets— from renewable energy projects and biodiversity finance to blockchain-enabled carbon markets and green bonds. In this way, digital wealth becomes fully aligned with the evolving purpose of global finance: to accelerate the transition to a net-zero economy and ensure that wealth creation is consistent with planetary stewardship.
Figure 3: Aligning Wealth: Integrating traditional, digital, and sustainable assets into a unified architecture of trust. Source: Author, inspired by WEF Global Risks Report 2024.
Together, these six pillars create a closed architecture: secure, compliant, prudent, insurable, governed, and sustainable — a model where innovation strengthens trust, and finance contributes directly to long-term resilience.
Part IV: Strategic Advantages for the Bank
Building the New Swiss Vault is not a technical choice—it is a strategic act of positioning. By adopting this framework, private and wealth managers globally can:
Claim leadership in responsible innovation, integrating digital assets within a comprehensive framework of custody, compliance, governance, and sustainability — and setting a standard for how financial institutions can extend traditions of trust into the digital age.
Attract and retain the next generation of clients, while deepening confidence among existing UHNW families by demonstrating that digital wealth can be governed with prudence and continuity.
Reinforce the identity of private banking as a house of governance and stewardship, proving that innovation and discretion are not opposites but complementary strengths.
Transform sustainability into a differentiator, extending its leadership into the digital realm and turning crypto from a reputational risk into a reputational asset — contributing to the broader alignment of global wealth with net-zero and purpose-driven finance.
Conclusion: Trust as Strategy
The future of wealth will not be defined by whether clients own digital assets — that reality is already here. It will be defined by whether financial institutions can govern them responsibly, sustainably, and inclusively.
The Crypto Vault & Governance framework is more than a safeguard; it is a blueprint for resilience. By embedding digital assets within the same principles that forged Switzerland’s reputation — prudence, governance, and long-term stewardship — private banks and wealth managers can carry their relevance into the digital century.
Trust has always been the defining currency of private banking. In the era of digital wealth, it must also serve as a compass, guiding innovation toward responsibility and sustainability.
The institutions that embrace this mandate will do more than preserve fortunes. They will shape a financial system where digital assets reinforce trust, accelerate the transition to a net-zero economy, and align global wealth with the purpose-driven economy of the 21st century. This aligns with the World Economic Forum’s call to ensure that technological innovation contributes directly to long-term resilience and sustainability.
Boecyàn Bourgadeis a finance and strategy researcher exploring the intersection of wealth management, digital assets, cybersecurity, and AI. Holding a Private Equity Certificate from Wharton and FMVA® specialization in cryptocurrencies and digital assets, the work centers on designing trust and governance frameworks for the emerging algorithmic economy.
References
Capgemini.World Wealth Report 2023. Capgemini Research Institute.
Boston Consulting Group (BCG) & ADDX.Relevance of Digital Assets in Wealth Management. 2022.
Fidelity Digital Assets.Institutional Investor Digital Asset Study 2023. Fidelity Investments.
PwC & Elwood.4th Annual Global Crypto Hedge Fund Report 2023. PricewaterhouseCoopers.
Deloitte.2023 Global Crypto Banking Survey. Deloitte Insights.
UBS Group AG.Future of Wealth 2030. UBS Global Wealth Management, 2022.
World Economic Forum.Global Risks Report 2024. World Economic Forum, Geneva.
World Economic Forum.Future of Wealth and Sustainability Initiatives. World Economic Forum, Geneva, 2023.
The United States confirmed that 200 service members will deploy to the Middle East to help oversee the implementation of a ceasefire deal between Israel and Hamas, following Israel’s approval of a U.S.-brokered peace plan. While the agreement is officially in effect, it remains unclear whether Prime Minister Benjamin Netanyahu has formally directed the Israel Defense Forces (IDF) to halt operations in Gaza.
According to two Israeli officials, the ceasefire terms were approved by Israel’s government late Monday. The plan includes the release of all hostages held in Gaza, a partial withdrawal of Israeli troops to designated areas, and the freeing of selected Palestinian prisoners.
A senior Hamas official stated that a “formal declaration” to end the war must come before any hostages are released.
The U.S. military will establish a Civil-Military Coordination Center (CMCC) in Israel to facilitate stabilization efforts for Gaza, according to a statement from U.S. Central Command (CENTCOM).
“U.S. Central Command (CENTCOM) is establishing a Civil-Military Coordination Center (CMCC) in Israel to support stabilization efforts for Gaza following the Oct. 8 announcement of a ceasefire agreement between Israel and Hamas,” the official said. “The United States has no plans to deploy US military personnel into Gaza.”
The Pentagon confirmed that about 200 U.S. service members with expertise in logistics, security, transportation, planning, and engineering will support the CMCC’s operations inside Israel.
White House Press Secretary Karoline Leavitt reiterated the administration’s stance in a post on X, writing that “up to 200 U.S. personnel, who are already stationed at CENTCOM, will be tasked with monitoring the peace agreement in Israel, and they will work with other international forces on the ground.”
A White House official told CNN that the U.S. troops will monitor and assist in implementing the ceasefire, potentially joining international forces from Egypt, Qatar, Turkey, and the United Arab Emirates who will help oversee the truce.
The ceasefire marks a pivotal moment after months of conflict in Gaza. While the U.S. and its partners work to enforce the agreement, the coming days will determine whether both Israel and Hamas fully commit to the terms of the deal aimed at restoring stability in the region.
Insurance companies encounter surging pressure to modernize their operations. Traditional insurance systems struggle to meet evolving customer expectations while managing complex regulatory requirements. Manual processes slow down policy creation, claims processing takes weeks instead of days, and outdated infrastructure limits growth opportunities.
That’s why insurance executives should prioritize implementing custom digital solutions over working with off-the-shelf legacy platforms. This guide explains the role of custom insurance software solutions in modernizing operations and why partnering with the right insurance software company is crucial for custom implementation. We’ll explore the core technologies driving this industry evolution and share proven implementation strategies that ensure custom insurance solutions deliver measurable results.
How Custom Insurance Solutions Enable Digitization for Insurers
Custom insurance software implementation refers to the incorporation of tailored solutions in the insurer’s digital infrastructure. These specialized systems are built from scratch to align with an insurer’s current workflows and future growth strategies, unlike off-the-shelf products. The global market value for custom insurance software implementation is expected to move from 116 billion USD in 2025 to 207 billion USD by 2030.
A custom insurance software system works as a complete digital ecosystem that links diverse operational components. Insurance companies can manage policies, process claims, handle customer interactions, and analyze data through a single, unified platform. This eliminates the need to juggle multiple disconnected tools.
The business benefits extend far beyond operational efficiency.
Leverage Multiple Technologies – These solutions show their real strength when multiple technologies work together. Modern insurance claims management solutions combine artificial intelligence, robotic process automation, cloud computing, and data analytics tools to create an efficient operational environment. This convergence of technologies helps insurers automate routine tasks, extract meaningful insights from large amounts of data, and react to market changes quickly.
Improve Customer Satisfaction – Insurance companies experience faster service delivery, reduced operational expenses through automation, and improved strategic decision-making through comprehensive data analysis. These technical strengths translate into improved customer satisfaction for insurers. Custom solutions adapt to changing regulatory requirements without requiring complete system overhauls.
Smooth Operations Scaling – Most importantly, these systems scale alongside business growth. When insurance companies expand their product offerings or enter new markets, custom software evolves to meet new operational demands rather than becoming a technological constraint. This adaptability ensures that software investments remain valuable throughout business evolution cycles.
Insurance leaders who partner with experienced development teams gain access to specialized expertise in building these comprehensive digital platforms. These partnerships enable the creation of solutions that address specific operational challenges while supporting long-term strategic objectives.
Advanced Technologies That Power Modern Insurance Software Solutions
Modern insurance software solutions combine innovative technologies that work together to change traditional insurance operations. These advances power efficient insurance software systems that adapt to market needs.
1. AI and Machine Learning
The incorporation of AI models in insurance systems facilitates smart detection of suspicious patterns in claims data that human adjusters typically overlook. Machine learning algorithms process diverse claims documents, assessing text, images, and supporting evidence to indicate potential fraud with greater precision than legacy techniques.
The intelligent algorithms in custom insurance software enable claims automation. The algorithms assess policyholder documents and evaluate them against policy terms, medical databases, and historical claims lists. This extensive and automated evaluation minimizes claims resolution time while improving decisioning precision.
Smart insurance solutions generate personalized policy recommendations to customers based on their profile data. The intelligent models can process demographics, behavior patterns, and risk indicators to recommend coverage options tailored to individual user profiles.
2. Robotic Process Automation
The integration of RPA bots enables customer insurance software to manage repetitive tasks with constant precision. The automated document processing bots enable the software to extract and process relevant information from medical record applications and supporting documentation, regardless of format variations.
Policyholder onboarding becomes automated when RPA bots in insurance systems gather and process data across multiple verification portals. These automated workflows validate credit scores, employment, and identity information with minimal human intervention.
Automated workflows enable custom insurance software to modernize policy administration tasks like premium calculations, renewal notifications, and coverage adjustments. This automation enables insurance agents to prioritize consultations and user relationship development.
3. Cloud Computing
Cloud platforms give insurers reliable infrastructure to store huge amounts of customer and policy data. Cloud-based disaster recovery solutions keep the insurance business running by quickly switching to backup systems when failures occur. This ensures operations continue even during unexpected disruptions.
4. Big Data Analytics
Analytics tools process big datasets to learn about policyholder behavior, which helps insurers predict customer needs. Complete data analysis makes risk modeling more accurate and leads to better underwriting decisions. This allows pricing models to use actual risk factors instead of broad demographics.
5. Internet of Things Integration
Connected devices gather live behavioral data, which lets insurers offer usage-based insurance. Premiums now reflect actual driving habits or lifestyle choices. IoT sensors help prevent risks by warning customers about potential issues before they become claims.
The best insurance software combines these technologies naturally to create a complete digitalpolicy management system that changes how insurance companies work and serve customers.
Expert Implementation: How Insurance Software Companies Drive Successful Digital Transformation
Choosing the right development partner plays a crucial role in implementing an insurance software system successfully. The expertise of a reliable insurance software company becomes the lifeline of project success. Their developers possess industry-specific knowledge and technical proficiency that internal teams might not have. Some of the key implementation practices followed by expert development teams include:
I. Getting a Complete Picture of Requirements
Successful implementation starts when experts gather requirements that align with business goals and user needs. This step helps identify workflow bottlenecks and define expected outcomes. Clear metrics to measure success are also established. This groundwork ended up ensuring the final solution tackles actual operational challenges instead of assumed ones.
II. Creating User-Focused and Adaptable Solutions
Professional insurance solutions providers put customer experience first while preparing for future growth. Complex insurance transactions become simple with an easy-to-use interface. By designing the insurance software with a flexible architecture, experts ensure that insurers can handle growing data volumes and users without obstacles.
III. Making Compliance a Top Priority
Professional developers make compliance an essential part of insurance software solutions development from day one. Systems built by experts automatically adjust to new regulations and keep audit trails for all transactions. Reliable security protocols protect sensitive customer data.
IV. Building Strong Data Connections
A smart insurance software company knows new solutions must combine smoothly with existing systems. They develop standardized APIs to connect with legacy platforms and create data governance frameworks that keep information accurate. Unified dashboards show a complete operational view of whatever data source is.
Final Words
Custom insurance solutions represent a fundamental change in insurance companies’ operations, not just an IT upgrade. Modern technology helps insurers transform their outdated processes with solutions built for specific operational challenges. Smart insurance executives see these implementations as strategic investments that provide substantial returns through better efficiency and customer experiences.
The best insurance software combines multiple technologies to create powerful operational benefits. AI and machine learning detect fraud patterns and automate claims processing. RPA handles documentation tasks with precision. Cloud computing keeps data secure yet available. Big data analytics reveal hidden patterns in customer behavior. IoT devices help create usage-based models that reward careful policyholders. These technologies work together as one system rather than separate tools.
The enduring mystery surrounding war is the question of why we fight when we could negotiate simple, peaceful solutions? The answer often given is that we humans are subject to a biological force that craves conflict. The technology has changed over the centuries but, it seems, we have not.
The true hero, the true subject, the center of the Iliad is force. Force employed by man, force that enslaves man, force before which man’s flesh shrinks away.
The Siege of Gaza did not end very well, at least not for the slaughtered men of Gaza, nor the enslaved women. It was the end of that war, one of many for Gaza, possibly because it was in the path of so many military campaigns along the Eastern Mediterranean. But that was then, when trade routes were important and empire builders, like a Macedonian who for his exploits was later called Alexander the Great, saw paths ahead of least resistance on his way to building his empire. It was neither the first nor the last of Gaza’s endless destruction and reconstruction from attacks. At one time, it was part of Judaea, governed by Herod, the Jewish king. Today, Gaza is once again, as almost always, involved in another one of its many wars—this time with modern Israel, not Ptolemy, the Maccabees, the Romans, or the Crusaders. And, too, like all other times of its multiple wars, there will come a time when its war ends with either destruction or a peace agreement. It is the way of almost all wars. They start and end in total defeat, exhaustion, or with an agreement that could have happened before they end to destroy all that is good.
Look back to any of the largest empires of the last two thousand years. We see victory after victory, military exploits that last for tens of years, sometimes hundreds, until they are ultimately defeated. All empires eventually fall. The Mongol Empire is no more. The Akkadian, Macedonian, Ming, Roman, Aztec, Japanese, British, Russian, Spanish, Portuguese, Ottoman, French, and Italian empires no longer exist in the massive sizes they once governed. They are all gone, now dwarfed to sovereign central political controls. What happened to reduce forces? Some empires grew through political dynasties of transborder governorates. Some were established through defense treaties that formed dominions, colonies, mandates, and protectorates, while others were acquired through states of limited means and unsustainable sovereignty. Many had been created from war victories. Regardless of what they were called or considered, they were all ruled or administered by a motherland-controlled country.
“The Procession of the Trojan Horse into Troy” (Giovanni Domenico Tiepolo) Public domain
The Iliad forces that lie within victims and victors
Forces of war are the drives to kill, but also not to kill unless there is a need to. Those forces turn men into what the French philosopher Simone Weil called a thing that has a soul, in her 1939 masterpiece poem “The Poem of Force”, as an analysis of The Iliad, concluding that humans are not divided into being conquered persons and conquerors. [2] Those forces are not the Star Wars energy fields of the galaxy harnessed by special people to achieve astonishing feats. But like the forces behind wars on earth, it has dark and light sides. The force for Weil is about the soul, and the “extraordinary house it finds itself in!” When a citizen becomes a warrior, Weil’s poem tells us, he is a thing of terror and slaughter and yet filled with grief in witnessing the deaths of his buddies. Think of Achilles’ mourning the death of Patroklos. “But what pleasure it is to me,” he says, “since my dear companion has perished, Patroklos, whom I loved beyond all other companions, as well as my own life.” [3] The combatant force within him seems only emotional, yet the pain of dreams in sleep that gash the soul are simply attempts to unravel reasons for brutality in missions to accomplish winning the conflict. “[That] property of force achieves its maximum effectiveness during the clash of arms, in battle.” The force is an it, a thing, a dehumanized object, that soldiers become when war brings indifference to life. It is the sad insanity that brings desolation to both victor and victim, emptiness to their souls.
Could it simply be that war is natural, a necessity emanating from points of evolutionary struggle for either survival or struggles for power?
“Herein lies the last secret of war,’’ Weil wrote, “a secret revealed by the Iliad in its similes, which liken the warriors either to fire, flood, wind, wild beasts, or God knows what blind causes of disaster.” What is that secret that we all wish to know? Could it simply be that war is natural, a necessity emanating from points of evolutionary struggle for either survival or power , another ingredient of primordial ambitions? Or could it be a genetic remnant or ancillary of cave real estate defense that led to territory expansion necessities? [4]
The force soars
“What god was it that then set them together in bitter collision?” It is the first question in Homer’s epic poem. [5]Well, I suppose it was either Athena or her brother, Ares, who favored valor through brutality in warfare, or neither god nor goddess, but a typical false sense of believing that luck is on one’s side.
Weil tells us there is a force that kills and a force that does not. The force works both ways to turn a human into a thing that has a soul, dead or alive. “Force,” she wrote, “is as pitiless to the man who possesses it, or thinks he does, as it is to its victims; the second it crushes, the first it intoxicates.” The truth is, nobody really possesses it. The human race is not divided in The Iliad into conquered persons, slaves, suppliants, on the one hand, and conquerors and chiefs on the other.” By force, she means the brutal power that converts beings into blind things, that are incapable of making decisions that could reset the balance of aggressor and victim to equilibrium. See what Weil is telling us? Humans can be turned to things or stones that beg the question, kill or not kill?
The Iliad is an artful account of a war that may have occurred around 1200 BCE near the city of Hisarlik, once called Troy. It is entirely fictional, but fiction, especially epic poems that involve wars, can tell us something about who we are. The Iliad is an ancient gift of reflection, a mirror centered on the question of why we fight. Weil’s Iliad force seems perpetual. It soars over the earth for centuries as the soul of a war-reminiscer searching for life, even though it might be an enslaved one. It was there in the past century and back with us in this one. It was there almost forever in the past. A force and soul that is always hovering, from high over Attila the Hun’s battles to Napoleon’s sieges, to two world wars, and over this hawk blistered new century.
Killing fast in large numbers
A half-million years ago, we discovered how to use tools to kill with stones, spears, and fire. In the 13th century, the Chinese invented gunpowder, which provided a far more effective means of killing. Not long ago, just before the building of railroads, we found a way to make a bullet and a gun. In the last century, because they could, armies employed tanks, planes, and missiles to kill fast and in large numbers. Now, we have autonomous fighter jets, lethal drones, and robotic missile launchers to kill from a distance too far for empathy. We, accomplices, will soon be killing robotically. It is difficult to estimate the number of deaths in human wars when so many innocent non-combatants die by indirect causes of wars. Some historians estimate deaths from all wars to be close to 1.1 billion.[6]
So far, in this new century, war death numbers are creeping not so fast upwards. The Watson School of International and Public Affairs estimate the number in this quarter-century to be close to 5 million. [7]
Take the Spanish Civil War, an internal war on an international battlefield.
Recent estimates of death put the toll close to 500,000. In 1937, when that war was intensifying and Germany was already rearming with war ambitions, William Hovgaard, a Danish-American academic, expressed his view on those battles, titled “Is War Inevitable?”, for the U.S. Naval Institute. “War is a biological phenomenon,” he wrote, “being part of the struggle for existence common to all organic beings in the wild state of nature.” Hovgaard saw war as an instinct for control over defending and controlling resources and lands that provide the subjectively best-possible living conditions. Disagreements, then, heat to levels goading instincts of control, a pull not unlike Weil’s force of the it that has drawn disputes to skirmishes to conflicts to gruesome battles through centuries from those before history.
If you flip through a zoetrope of historical maps of Europe from, say, 1450 to 1950, you will see national boundaries moving every few decades—in particular, Poland’s borders. Prussia or parts of the Grand Duchy of Warsaw will appear to be wiggling, splitting, bubbling, and revising like what you would see in the boiling brew of a witches’ cauldron. Yet the changing borders of Europe from 1950 to today will hardly be noticed. For more than 500 years, Europe was engaged in wars against neighboring countries with few years of peace. Hovgaard wrote that he had “been unable to find any two neighboring countries more than four generations old which have not been at war with one another at least once.” [8] For the 80 years since the end of World War II, Europeans felt comfort in the economic standards and amicable border agreements. Under the annoying aggravation of the Cold War with its moments of high anxiety, even with tens of millions of deaths indirectly caused by links to proxy and civil wars, both East and West came out the other end of the last millennium reasonably unscathed. That was before a Kremlin change with Putin’s grandiose schemes to bring Russia back to its Tsar-war glory days.
Franz Matsch: Triumphant Achilles: Achilles dragging the dead body of Hector in front of the gates of Troy Public Domain
Why do we fight to kill?
That question ties to how wars begin and end. Hovgaard’s thoughts on the biological craving for conflict are not about a thirst for war. Lovers have quarrels and families argue, but blowups rarely have strong tailwinds pushing toward the cliffs of separation, and in far rarer cases, horrid assaults. Wars at their start, however, are gales that immediately kill with ferocious animal instincts. Few wars of the past (at least 14 out of many over the last two centuries) ended with no deaths. They were comical discordances that led to declarations of war, one lasting hundreds of years, all ending in authentic peace treaties, and almost all about tea, spices, dyes, animals, boundaries, or liquor.[9]
When a dispute becomes a war, boundaries change, governments tumble, and in cases of major wars, the world suffers economically and, often, on the humanitarian plane
Fighting can have reasons. Perhaps it is about entertainment or settling scores. There are prizes for winners and, occasionally, sympathies for losers, but when it comes to war, generally, there is death and destruction, usually on both sides. While disputes can be settled by arbitration, settling hostilities needs far more diplomacy. When a dispute becomes a war, boundaries change, governments tumble, and in cases of major wars, the world suffers economically and, often, on the humanitarian plane, as poverty, expulsions of populations, hunger, and calls for retribution surface.
In my previous article for TWFR, “The Future of Autonomous Battling”, I quoted the military historian and Prussian general Friedrich Adams Julius von Bernhardi, who wrote that war “is a biological necessity… the natural law, upon which all the laws of Nature rest, the law of the struggle for existence.” [10]Like Hovgaard’s belief that conflict is part of the wild state of nature, von Bernhardi felt that the primordial impulse will always be with us, along with the good, bad, and acceptable human urges that brought us to this stage of existence. [11]
Why we fight requires a distinction between international and domestic wars, though many domestic wars do segue to being international. The Korean War, the Spanish and Vietnam civil wars quickly turned international from being internal civil conflicts, as did the American Revolutionary War. Two centuries ago, the wars were generally about empire-building and colonialist expansions. Going back further, conflicts were confined to neighbor against neighbor, with the usual disputes being over territory, minerals, spices, access routes, geopolitics, religious agreements, and silly clashes over pigs, tea, sugar, tobacco, or liquor, and even over the vibrant red pigment of the cochineal insect. But let’s consider territory prompted by empire building. Such a war comes from policy, not necessarily from anger over a territorial dispute. Governments have leaders who activate wars and, too often, leaders aspire beyond constraint and biased visions of power that disconnect from reality and ignore practical constraints linked to public opinion. It takes only one leader to start a war—the aggressor. The defender is a victim who has the right to defend. So as soon as combat begins, defense becomes offense, and war is then unstoppable.
My mulling question is about the distinction between aggressor and defender. Every international war starts from a confrontation, and usually one side or another is an aggressor that could have a reasonable dispute that calls for war. Out of many examples, let’s pick Germany’s invasion of neutral Belgium, which started World War I. Bound by the 1839 Treaty of London, Britain was obligated to defend Belgium and, thereby, forced a declaration of war on Germany. The aggressor in that case was Germany, though its reasons were to build a border deterrent fortress to protect itself from a possible invasion from France.
In my younger days, I ignorantly believed World War I started with the assassination of Archduke Franz Ferdinand. The assassin was a Serbian nationalist, and Serbia was a Russian ally. I did not understand the full connection between Germany and the Austro-Hungarian Empire, declaring war after a shooting in Serbia. Later, I learned that the assassination was simply the trigger leading to the invasion of Belgium, which brought Britain (protecting Belgium and France) into the war along with France and Russia. For me, it was a puzzle of missing pieces until I found one: an alliance with the Austro-Hungarian Empire that obligated Germany to respond. Germany’s invasion was not about the occupation of Belgium; it was a show of commitment to the alliance, a show that got out of hand. [12]
A fantasy drawing by Achille Beltrame of how the assassination of Archduke Franz Ferdinand could have happened. Public Domain
The alliance with the Austro-Hungarian Empire was an agreement to support each other. Bosnia was under the control of the Ottoman Empire from the 15th century to the end of the 19th century, when it was annexed by the Austro-Hungarian Empire in 1908. So, when a Bosnian Serb nationalist shot the Archduke and his wife, Sophie, the assassination played either as an excuse for war because there was fear that France might retake Alsace-Lorraine, or because of a policy to adhere to its alliance commitment, a pledge Germany could have ignored. [13]Acting on its assurance, it was seen as the aggressor. And that shows the problem with alliances that member parties feel cannot be broken.
Though the mess was started by Germany, the inevitable start was a significantly large bubble burst of power influencers panicking over Germany’s potential dominance in Europe. France had 170 miles (275 km) of border with Germany along the Imperial Territory of Alsace-Lorraine, a threatening possibility that France could invade Germany through that narrow corridor. The border between Belgium and France was (and still is) roughly 390 miles (520 km), with hardly any fortresses on the French side. Owning that border was a substantial threat to France if Germany were to build fortresses along the Belgium-France border. So, who is the aggressor in that war? Germany gets the blame, but what nation would stand by while a military buildup threatened an invasion?
The problem with alliances and the narrow bridges of diplomacy
Gangs are just alliances between friends. Nations have relied on alliances for millennia. In representative democracies, wars do not start by the will of the citizens, but rather by the decisions of elected representatives who tend to side with the will of alliances. They should make their decisions based on the opinions of citizens who vote but rarely do. Few countries have ever been direct democracies; no nation before the 6th century democratic reforms in Athens was, as far as I know. The Peloponnesian War began with disputes between the Delian and the Peloponnesian Leagues, two rival national alliances. The democratic government of Athens relied on town meetings. Annually elected generals attended monthly meetings where they were questioned and deposed. Athens declared war by indirect voting, whereas Sparta went to war by the voice of a hybrid aristocracy that included a council of elders who sided with military alliances.
In representative democracies, wars do not start by the will of the citizens, but rather by the decisions of elected representatives who tend to side with the will of alliances.
Before the 16th century, there were agreements between duchies and vulnerable neighboring states that feared each other. At the peak of colonial conquests in the 19th century, when European empires were solidifying their conquests, alliances became the ramparts of imperial power. One could see it as an alliance race to build deterrents and threats, a sprint to build more power through trade and warnings that turned small wars into big ones. The German Empire did take over Belgium in 1914, but the likelihood of a world war would have been small had the Austro-Hungarian and Ottoman Empires and the Kingdom of Bulgaria stayed neutral. It was as if there were two gangs dividing Europe, the Central Powers, a quadruple alliance (the German Empire, the Austro-Hungarian Empire, the Ottoman Empire, and Italy) against the Triple Entente, also called the Alliance (Britain, France, and Russia), though Italy stayed neutral. Those alliances and treaties locked into each side’s commitments to defend any one of their member nations.
Under Adolph Hitler’s 1939 expansionist policy, Germany annexed Austria and Czechoslovakia, unopposed by alliance members of the European powers. It was so easy that Hitler felt emboldened to take on Poland. Why not? He had already arranged an agreement, the Tripartite Pact, with Italy, Japan, Romania, Hungary, Bulgaria, and Croatia, knowing it would be signed in a few weeks after invading Poland. That alliance was like others that embolden aggressive expansionists. That pact was not a defense deterrent; rather, it was a sword-drawn gang of states that felt comfortably encouraged by the military strength of Germany. But Poland was not to be taken so easily. Two days after the invasion, Great Britain and France declared war on Germany. One year later, the Allies, a gang of more than 47 countries with multiple treaties, were unified to help Great Britain, France, and Russia set the world on fire.
The utter pointlessness
Nevertheless, the soul that is enslaved to war cries out for deliverance, but deliverance itself appears to it in an extreme and tragic aspect, the aspect of destruction. Any other solution, more moderate, more reasonable in character, would expose the mind to suffering so naked, so violent that it could not be borne, even as memory. Terror, grief, exhaustion, slaughter, the annihilation of comrades — is it credible that these things should not continually tear at the soul, if the intoxication of force had not intervened to drown them? The idea that an unlimited effort should bring in only a limited profit or no profit at all is terribly painful.
– Simone Weil
Odysseus, Agamemnon, and Menelaus survived the Trojan War, though so many Greek soldiers did not. That war lasted 10 years without diplomatic peace negotiations, aside from the initial offering of peace for Helen’s return. Though Homer’s poem is fiction, there is so much to learn about the forces of war that have almost nothing to do with armaments. The war started because one person, Helen, left her husband, Menelaus, to be with Paris, the Trojan prince. For the retrieval of one person, though one considered to be the most beautiful in the Greek world by legend, the war took away hundreds of lives. Was it worth it? The doubt lives in the greatest epic war poem.
The forces of war compel all soldiers who were born in peace to become violent in the mess of hopes for victory. The Iliad, that unique epic masterpiece that Alexander the Great called “a portable treasury of military excellence”, profoundly presents the story as a representation of human tragedies under all wars.[14] I read The Iliad in a college great-books course with a naïve glimpse and impression that it was a beautifully sung drama of war adventure. I recently reread it, admittedly skipping scene after scene until I finished book XI. It was there that I saw war as a slaughterhouse of humans, love, and fighting in utter pointlessness.
As when obliterating fire comes down on the timbered forest and the roll of the wind carries it everywhere, and bushes leaning under the force of the fire’s rush tumble uprooted so before Atreus’ son Agamemnon went down the high heads of the running Trojans, and in many places the strong-necked horses rattled their empty chariots along the causeways of battle, and longed for their haughty charioteers, who were lying along the ground, to delight no longer their wives, but the vultures.
The excerpt above appears roughly in the middle of the poem to highlight a scene that is a profound human story of suffering in the entanglement of the force that kills in any war.[16]It shows us how war is destruction and the misfortunes of chaos that destroys lives. Not just ancient wars. It refers to every real war from Alexander’s to Putin’s, with the hovering question: how do we face the fighting that kills our own species?
Joseph Mazuris an Emeritus Professor of Mathematics at Emerson College’s Marlboro Institute for Liberal Arts & Interdisciplinary Studies. He is a recipient of fellowships from the Guggenheim, Bogliasco, and Rockefeller Foundations, and the author of eight acclaimed popular nonfiction books. His latest book is The Clock Mirage: Our Myth of Measured Time (Yale).
[12] Barbara Tuchman’s book The Guns Of August dismisses the assassination of the Archduke Franz Ferdinand as just a trigger and claims that it was poor leadership and diplomacy that led to the war.
[14] Plutarch, Trans. Sir Thomas North, Life of Alexander (Toronto: MacMillan, 1911) p. 29. https://ia801406.us.archive.org/14/items/in.ernet.dli.2015.7204/2015.7204.Pautarchs-Life-Of-Alexander_text.pdf
[15] Homer, The Iliad of Homer (Chicago: University of Chicago Press, 1951) Book XI line 155, p. 238.
[16]There was a time when The Iliad was on the reading list of a literature course at West Point to learn about the fearsome losses in wars. In browsing through the West Point reading list, I was impressed by the number of scholarly books on war, from Sun Tzu’s Art of War (an ancient Chinese military treatise dating from the 5th century BC) to Thucydides’ Peloponnesian War to Machiavelli’s Art of War. I did not find The Iliad but noticed that quite a few copies were circulating in the West Point United States Military Library, with many more online, and a 17th-century edition that is available in special collections.
The conversation about generative AI (Gen AI) is unavoidable in today’s business landscape. It’s disruptive, transformative, and packed with potential—both thrilling and intimidating. As organizations adopt Gen AI to streamline operations, develop products, or enhance customer interactions, the inevitable side effect among employees is anxiety. Will jobs vanish? Will expectations shift overnight? Can they keep up with the learning curve? These questions aren’t just whispers in the break room; they’re front and center for many teams. To navigate these waters, businesses must create open forums where employees feel safe sharing their anxieties and seeking clarity.
Such forums aren’t a courtesy—they’re a cornerstone of successful change management. When employees feel their voices are heard, their concerns respected, and their input valued, they are more likely to become allies in the journey of organizational transformation. Trust builds loyalty, and loyalty fuels momentum. But achieving this requires intentional effort, skilled leadership, and a commitment to authenticity.
Why Open Forums Matter in a Time of Gen AI Anxiety
Imagine rolling out a major Gen AI initiative and being met with silence. It might seem like smooth sailing, but silence can signal unspoken fears, resistance, or misunderstanding. In contrast, an open forum can serve as a sounding board where employees articulate their thoughts and where leadership gains critical insight into the pulse of the organization.
When employees are invited into the conversation, they are less likely to resist changes and more likely to feel invested in the outcomes.
Consider a case where a mid-sized retail company introduced AI-powered customer service tools. The company anticipated excitement but instead encountered pushback from employees worried about job security. An open forum revealed a gap: while leadership saw the tools as enhancements to efficiency, employees feared being replaced. By addressing these concerns head-on and clarifying how the AI tools would support rather than supplant their roles, the company shifted the narrative. Employees became advocates, contributing ideas for optimizing the tools’ use.
When employees are invited into the conversation, they are less likely to resist changes and more likely to feel invested in the outcomes. Open forums provide a space for mutual education: employees learn how Gen AI will reshape their work, and leadership learns how to make that transition smoother.
Techniques for Meaningful and Constructive Discussions
Creating an open forum is not as simple as scheduling a meeting and calling for questions. Success hinges on intentional design and facilitation. To build a genuinely constructive environment, businesses must prioritize active listening, inclusivity, and transparency.
Leaders and facilitators must approach these forums with a genuine willingness to listen. Employees’ fears are real to them, and dismissing or minimizing them only exacerbates tension. Active listening means acknowledging concerns, validating emotions, and responding thoughtfully. For example, if employees express apprehension about job redundancy, it’s not enough to say, “Don’t worry, your job is safe.” Instead, explain how Gen AI will automate specific tasks, freeing employees to focus on more strategic work, and outline support plans like retraining or upskilling programs.
Inclusive participation is equally critical. Not everyone feels comfortable speaking up in a room full of colleagues, especially on sensitive topics. Offering multiple avenues for input—such as anonymous submissions, breakout discussions, or even asynchronous digital forums—can ensure that all voices are heard. A tech company I consulted with adopted this approach when rolling out AI-driven analytics. They used an internal platform where employees could anonymously post questions, which leadership addressed in live sessions. This combination of anonymity and follow-up transformed skepticism into engagement.
Skilled moderation is the linchpin of these discussions. Forums can easily derail if a few voices dominate or if the conversation becomes adversarial. Moderators must guide the dialogue, balancing structure with openness. For instance, they can use prompts like “What excites you about this technology?” alongside “What concerns do you have?” to ensure a balanced exploration of perspectives. When misinformation arises, moderators should address it factually, referencing specific, concrete examples of addressing concerns and managing risks. Providing clarity on the organization’s plans—whether it’s the implementation timeline, the areas where AI will be deployed, or the types of support available—prevents rumors from taking root.
Transparency doesn’t end with the forum. After the discussion, leadership must communicate what they heard and what actions will follow. Summarizing key takeaways, acknowledging unresolved issues, and outlining next steps shows employees that their input has value. It also signals a commitment to ongoing dialogue, rather than a one-time event designed to check a box.
Building a Culture of Trust Through Continued Engagement
Open forums are not just events; they are the beginning of a culture shift. If businesses treat them as isolated occurrences, they risk doing more harm than good. Employees will quickly see through a hollow gesture. Sustained engagement, on the other hand, builds credibility and deepens trust.
A manufacturing firm I worked with exemplifies this principle. After their initial Gen AI forum, they followed up with quarterly town halls, dedicated small-group discussions, and an online resource hub for AI-related queries. Over time, the forums evolved from anxiety-driven discussions to collaborative brainstorming sessions. Employees started suggesting ways to enhance AI applications in their workflows, a stark contrast to the apprehension expressed in the early days.
Leaders should also measure the impact of these forums. Are employees asking more informed questions over time? Is participation increasing? Are misconceptions about Gen AI diminishing? Feedback loops—such as surveys or informal check-ins—can provide valuable insight into whether the forums are achieving their goals and where improvements might be needed.
Ultimately, the effort to create open forums sends a clear message: “We are in this together.” Change can be unsettling, but when employees feel they are part of the process, they transition from skeptics to stakeholders. They understand not just the “what” of Gen AI but the “why” and the “how,” empowering them to contribute meaningfully to the organization’s transformation.
Client Case Study: Addressing AI Anxiety at a Logistics Company
A mid-sized logistics firm faced significant internal resistance when rolling out AI-powered warehouse management systems. Employees feared the automation would lead to widespread job losses, despite leadership’s assurances that it would only enhance their roles. The tension was palpable, productivity was dipping, and morale was at an all-time low.
Employees feared the automation would lead to widespread job losses, despite leadership’s assurances that it would only enhance their roles.
When I was brought in, the first step was to assess the emotional landscape of the workforce. Through surveys, focus groups, and one-on-one interviews, I discovered that most employees lacked clarity about the specific impact of the AI system on their jobs. The fear wasn’t rooted in reality but in misinformation.
We implemented a series of open forums, beginning with a well-structured session led by empathetic facilitators. Employees were invited to submit anonymous questions in advance, allowing even the most hesitant voices to be heard. During the forum, the company’s leadership shared a detailed breakdown of the AI system’s function, focusing on how it would complement employees’ roles rather than replace them.
To further humanize the process, we introduced a panel of team members who had piloted the system in a test environment. Their firsthand accounts of how AI streamlined repetitive tasks while freeing up time for strategic decision-making helped dispel myths.
The result? A cultural shift. Employees who initially resisted the change began suggesting new ways to integrate AI into workflows. The forums didn’t just ease anxieties; they fostered a collaborative spirit that helped the company achieve a 15% boost in operational efficiency within six months.
Conclusion: The Power of Open Dialogue
Gen AI’s potential is immense, but so is the complexity of implementing it in ways that align with both business goals and workforce well-being. Open forums are more than a platform for discussion; they are a bridge between leadership’s vision and employees’ lived realities. By fostering honest dialogue, listening actively, and committing to transparency, organizations can turn anxiety into alignment and uncertainty into trust.
Change isn’t easy, but it’s easier together. The companies that embrace this truth will not only navigate the complexities of Gen AI—they’ll thrive. With open forums as part of an ongoing strategy, they can create an environment where innovation flourishes and employees feel supported every step of the way.
By Terence Tse
CFOs are evolving into AI-driven transformation orchestrators, balancing finance, technology, and strategy while upskilling teams, managing risks, and driving measurable business value.
A key insight from this year’s AI for CFOs event, organized...
The World Financial Review uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our Privacy Policy and Terms and Conditions. By clicking on the accept button and using this Site, you consent to our Privacy Policy and Terms and Conditions. ACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.