17 Dec

The fintech road to Bali

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John San Filippo John is the co-founder of OmniChannel Communications, Inc., a company that specializes in B2B marketing to community financial institutions. He started out in the savings and loan industry, but wisely … Web: www.omnichannelcommunications.com Details Sadly, this is not a remake of the 1952 Bing Crosby/Bob Hope classic. Far from it. This is some serious stuff.The International Monetary Fund (IMF) and the World Bank both held their annual meetings in Bali this week. (No, I’m not providing on-site coverage; nobody is sorrier about this than I.) The two organizations jointly issued a report called The Bali Fintech Agenda, the purpose of which is to guide policymakers as they try to strike a balance between encouraging innovation and keeping “the system” stable.The Agenda seems to agree with what I’ve been saying for the last year or two – that fintechs and traditional financial institutions can peacefully co-exist because each has something the other needs. Fintechs have cool technology and FIs have actual consumers. Sounds like a match made in heaven, right?However, as I was reading about a panel discussion that examined the implications of The Agenda, one topic jumped out at me: cherry picking. This term refers to the inclination of fintechs to focus their efforts, dollars and technology on small, highly lucrative segments of the market in order to maximize profits. That could still turn out to be a real problem for credit unions.Think about. Even though credit unions provide a wide range of financial services to a well-defined field of membership, some of those services and some of those members generate a disproportionate share of the revenue. Some services and members actually lose your credit union money. That’s the nature of a cooperative. You have to take the good with the bad.Now consider fintechs, which are free to provide a very narrow range of services to a very narrow range of people. They may attempt to hoard all the good and leave you with just the bad. That would suck, wouldn’t it?What’s your first line of defense? It’s simple. Efficiency must reign supreme, and that effort must start with technology. You can’t just keep buying new attachments to strap onto your gasping-for-its-last-breath core platform. It’s no longer just a matter of checking boxes on a checklist to make sure you have mobile, make sure you have RDC, make sure you have online account opening, etc. You have to evaluate every technology decision you make with the end goal of making your credit union the leanest, meanest financial services machine in your market.That will get you going internally, but you also need to consider your member-facing technology. How are you engaging members? Do you provide online financial literacy tools? Are you working to become part of their overall online and mobile experience? Or is it business as usual? I hope you didn’t choose the latter.In short, your credit union needs to become as efficient as possible on the inside and as engaging as possible on the outside. The end result will be a superior member experience that beats the fintechs every time.last_img read more

8 Dec

Charities feel impact of DICK’s Open cancellation

first_imgFor more information on how to help the groups normally assisted by the DICK’s Open tournament, you can head to the tournament website to find out how to donate. The Vestal Elks Lodge has been responsible for parking at the DICK’s Open since 2007, and it is the biggest fundraiser they have during the year. Funds help with their charitable acts including scholarships, sending packages to troops, and their involvement with helping children. Member Chuck Yoko said the Elks Lodge averages between 8,000 and 15,000 dollars per year at the DICK’s Open, parking between 4,000 and 5,000 cars. Now the Elks will have to find an alternative way to raise funds. “The Vestal Elks Lodge has been responsible for the parking down at the DICK’S Open since it’s inception, since 2007. Since then, we’ve worked really hard and made a lot of money, and that was really one of our big fundraisers during the year. Missing this tournament is really going to put a grip on us this year,” said Yoko. center_img (WBNG) — The cancellation of the DICK’s Sporting Goods Open Tournament has a significant impact on local charities, who rely on the tournament for a big portion of their yearly funding. “Like” Nicole Menner on Facebook and “Follow” her on Twitter.last_img read more

23 Sep

Record car count for Sport Compacts at Super Nationals

first_imgBOONE, Iowa (Sept. 3) – It’s the Sport Compact’s turn to shine Tuesday night at Boone Speed­way and numbers for the 4-cylinder division add up to a new IMCA Speedway Motors Super Nation­als fueled by Casey’s record.Sixty-three Sport Compacts saw action in six heat races. Three ‘B’ features will the starting grid for his evening’s main event. That 25-lap race pays $250 to win plus a Speedway Motors Weekly Racing bonus of as much as another $250.Forty-nine Sport Compacts were in action when the class debuted at Super Nationals in 2011, 55 last year. Top two finishers in each of five heats qualified for the Karl Chevrolet Races of Champions for Hobby Stocks and for Northern SportMods this afternoon, then headed to the Fan Zone to draw cards to determine their starting spots in their Saturday events.Colby Langenberg and Randy Embrey will start on the front row of the Hobby Stock RoC. Trevor Holm and Brock Beeter are in row two, Corey Madden and 2011 race winner Shannon Anderson in row three, Jason Kohl and Chris Luloff in row four and Bill Bonnett and Justin Nehring in the fifth row.Pole starter for the Northern SportMods is Bobby Anders, with Joel Rust to his outside. Eric Elliott and 2010 race winner Tyler Frye are in row two, Nick Roberts and Clinton Luellen in row three, Austin Kaplan and Danny Dvorak in row four and Robby Rosselli and Carter VanDenBerg in row five. VanDenBerg, of course, starts on the pole for Saturday’s Northern SportMod main event. His win in Monday’s qualifying feature was the career first at Boone for the 19-year-old hotshoe from Os­kaloosa.He had two previous starts here, with a wreck and a fifth place finish to show for his efforts.“It was a pretty big accomplishment to win last night,” he said. “We’d never won here before.”In addition to the Sport Compact main event, two more qualifiers for the SportMods and another for the Hobby Stocks are on tonight’s ticket. Wednesday’s last-chance qualifying sends the final six cars into 30-car fields for both divisions on Saturday.Can’t make the 2013 Speedway Motors IMCA Super Nationals fueled by XSAN? Then watch every lap LIVE on XSAN at: www.xsan.tvlast_img read more

8 Sep

Falcons Set for Final Showdown against Algeria

first_imgThe Super Falcons are soar-away favourites tonight to eliminate their counterparts from Algeria and reach the next round of the African qualifying series for next year’s Olympics Women Football Tournament.The nine-time African champions thumped their hosts 2-0 in the first leg in Blida last week Wednesday and look to quickly shut the door against the North Africans at the return leg at the Agege Stadium, Lagos today in order to start focusing on the second round of the series against either Cote d’Ivoire or Mali.Mali, who host Tuesday’s return leg in Bamako, lost 0-3 to the Ivorians in Abidjan last week and have a mountain to surmount against the visitors, whose game has been steadily improving over the years. An own goal by an Algerian defender and a second half strike by midfielder Amarachi Okoronkwo gave the Falcons the robust lead ahead of the home leg.Head Coach Thomas Dennerby has even a stronger pack to choose from, with six foreign –based professionals having joined the squad for the return leg, led by FC Barcelona of Spain’s Asisat Oshoala. There are also defenders Ngozi Ebere and Osinachi Ohale, midfielder Ngozi Okobi and forwards Rasheedat Ajibade and Francisca Ordega.World football-ruling body, FIFA has appointed Zomadre Kore from Cote d’Ivoire to be the referee.Her compatriots Lou Ta (assistant referee 1), Denise Akoua (assistant referee 2) and Fatoumata Kra (fourth official) will join her on the assignment.Ghanaian Emmanuella Aglago will serve as referee assessor and Cameroonian Souadatou Kalkaba will be match commissioner.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

22 Dec

DD Fitness: Don’t eat chocolate! And other motivational nonsense

first_imgThis is going to be short and sweet today. After all, it is a Bank Holiday weekend and most of you are probably still in bed.I am pre-empting an early morning strike by my 6-year-old which will scupper any chance of a lie in, but I usually get up at 5am, so 7am will be a bonus.Over the last few days, in the build up to Easter, the fitness community started their usual nonsense. Memes were being posted daily, telling people about the amount of calories that will be in the Easter eggs they might be thinking of consuming.The memes, usually state the item, the calories involved and the amount of exercise you would have to do in order to burn off whatever you were planning to eat.Way to take the fun out of Easter ‘Fitness community’… Way to go. Easter isn’t the time to be worrying about the amount of calories, carbs, and sugar that is in chocolate.You have had all year to figure that out, and if you haven’t let it bother you up until now, there is no point in worrying about it over the one time of year where Creme Eggs are available and chocolate eggs and rabbits are plentiful.We all know that over indulging in chocolate isn’t a good thing.We all know that if you eat an inordinate amount of Easter eggs over a 12-hour period, chances are, we will have a week’s worth of calories to get rid of.With the amount of free information that is on the internet, I would hazard a guess that none of you reading this didn’t eat your Easter eggs and think that you were sin, points or calorie free.So why do these memes still clutter our news feeds any time we have a commercial holiday that revolves around eating? It’s because some people think that they will make a difference.I’m here to tell you that they won’t.NotOneBit!There are two ways that it will go if you are a gym, trainer, I.G ‘celebrity’ or fitness ‘motivator’ and you are trying to get your people to abstain from Easter. (This is excluding people prepping for competitions) 1. Your followers will ignore you and eat the eggs anyway.2. Your followers will abstain, only to crack a few days later and gorge themselves in a binge and then have guilt related feelings after.3. Your followers will agree with you and like and comment on your posts and eat the damn eggs anyways.We have all year to stick to the plan and watch what we eat.One day won’t mess things up.Breeding guilt related feelings around food will however push you into a binge and purge type of eating pattern, which is worse for everyone.The take home message here for everyone is this;Think about what you eat and the amounts that you are eating on all the other days of the year.Have a diet that is sustainable, isn’t overly restrictive and allows for social occasions that you can enjoy with your family when they arise.This might take a bit longer, but it will breed better habits and better relationships with food.You will also get to enjoy occasions like Christmas and Easter without worrying about how many burpees you will have to do in order to burn off a crème egg.Where’s the fun in that?#TrainSmartThere are limited spaces left on my NEW Lean in 2018 program.If you would like to join us in our LEAN IN 2018 program, the next one starts on April 3rd.We had numerous members lose over 3 stone in 2017 and they now know how to keep it off.If you want to know how to make a real difference in 2018, have a look at our Letterkenny gym plan where you can train with us in our Fully equipped and modern gym.DD Fitness: Don’t eat chocolate! And other motivational nonsense was last modified: March 31st, 2018 by Emmet RusheShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:chocolateEasterfitnessrushe fitnesslast_img read more