continue reading » 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr With the world becoming one enormous marketplace, we have seen a constant change in how businesses take place. This has been further fueled by new technologies and rapidly evolving customer expectations. Even the highly regulated banking and finance sector has in recent times witnessed the constant metamorphosis of its business models to stay ahead in disruptive times.When it comes to the financial services ecosystem, the fintech industry plays a significant role in determining how the sector moves forward. Fintech disruptors are changing how everything works – lending, payments, insurance, credit settlements, and more. In response, banks and traditional financial institutions are either partnering with fintech companies or developing and deploying their own solutions. Backing that up, a PwC report titled Financial services technology 2020 and beyond: Embracing disruption states that global investments in fintech have more than tripled since 2014 to cross $12 billion. With fintech solutions playing a significant role in the financial services value chain, let’s see what’s in store for 2019:Intelligent banking channelsFinancial service providers are tailoring each channel to adapt intelligently to deliver the next level of personalisation for users performing banking activities. By studying customer patterns and behaviours, banks can personalise the interface to suit specific usage preferences. This will translate into a unique usage journey for every end user; early adopter banks stand to gain a competitive edge because of the level of personalisation and end-user satisfaction offered.
President Joko “Jokowi” Widodo has made it clear that he wants technology to play a central role in his government.In 2018, he launched the “Making Indonesia 4.0” road map to encourage automation and data exchange in manufacturing. One year later, he announced that Artificial Intelligence (AI) would take over the jobs of civil servants to cut red tape and create more efficiency.The President has also called for a greater role for start-ups in driving the country’s economic growth. On a trip to Silicon Valley in 2015, he enlisted CEOs of top start-ups, including Gojek founder Nadiem Makarim and William Tanuwijaya of Tokopedia. In an address to a crowd that included Microsoft CEO Satya Nadella earlier this year, President Jokowi said that the country’s over 2,000 startups, including one decacorn and four unicorns, were not enough.Soon after winning reelection last year, President Jokowi took things further by hiring technology talent from Indonesian start-ups to join his administration.He appointed Nadiem as Education and Culture Minister, with a charge that included the management of the country’s higher education system.Soon thereafter, Jokowi tapped Andi Taufan Garuda Putra, CEO of lending start-up PT Amartha Mikro Fintek, and Adamas Belva Syah Devara, cofounder of education technology start-up Ruangguru Adamas, as his expert staffers. Andi and Belva later resigned following public backlash over conflicts of interest as a result of their dual roles in government and business. On Friday, the trend of appointing tech CEOs to government positions continued with the appointment of Fajrin Rasyid, cofounder and CEO of e-commerce unicorn Bukalapak, as a director of state-owned telecommunication firm PT Telekomunikasi Indonesia (Telkom).The appointment, by the State-Owned Enterprises (SOEs) Ministry, aims to improve digital services and reduce the company’s dependence on its cellular services.Fajrin said in a statement posted on Bukalapak’s website that he hoped he could bring his experience in growing the homegrown e-commerce platform to Telkom.“I’m very thankful for the new trust given to me,” he said. “Now is the time to make a greater contribution to the advancement of Indonesia and focus on developing Indonesia’s telecommunications industry with Telkom.”Following his appointment, 34-year-old Fajrin expects to hand over his duties and responsibilities at Bukalapak to the company’s board of directors and management, the statement read.Antigraft activists have called on Fajrin to avoid conflicts of interest in his job at the country’s biggest telecommunication company.Zaenur Rohman, a researcher at the Gadjah Mada University Center for Anticorruption Studies (Pukat UGM), said Fajrin should make sure that he did not follow in the footsteps Belva or Andi.“Learning from these previous cases, the most important issue is that the appointment should be consistent with a merit-based system, that the person is rightly appointed for the post and it is ensured that he or she has no conflict of interest before, during or after serving in the position,” said Zaenur.SOEs Minister Erick Thohir has insisted that the appointment of Fajrin was based on merit.“With bigger challenges ahead, every member of Telkom’s board of directors has a certain key performance index. I have already told [them] that they should be ready to be shown the door if they fail to fulfill it,” Erick said in a statement made available on Friday following the announcement of Telkom’s new board members.Firman Noor, a political analyst from the Indonesian Institute of Sciences (LIPI), said that the Jokowi administration’s penchant for appointing young startup figures for key government positions should be founded on a strong meritocratic system.“Perhaps fresh blood that can bring fresh thinking is needed, but he or she should be well-tested in their leadership,” said Firman. “This is one of the key requirements at any firm – that people who are in charge have the much-needed experience.”While appointing figures from the emerging digital sector could bring in valuable insights, Firman warned that such a move might not be sustainable in the long run.“If this trend continues, the policies could be unsustainable because people from these [start-ups] tend to be very agile and quick in their actions. They could have quick responses, but are the people behind them ready? That is why the decision to always bring in these people could be questioned,” said Firman.Topics :
NOVI, Mich. (AP)—Gale Sayers sent a stern message to NFL players, challenging them to help those who paved the way. “Some players of today’s game think that they made the game what it is today. I beg to differ,” Sayers said last Friday night at an event hosted by the Gridiron Greats Assistance Fund. “The players who are playing today are standing on the shoulders of those who made the game what it is that played the game for peanuts.“If today’s players cannot help these players, shame on you.”The former Chicago Bears running back was honored along with retired stars such as Hall of Famer Dick LeBeau and 1997 Super Bowl MVP Desmond Howard.Hall of Fame player and former Chicago coach Mike Ditka said before the dispute can be settled to save the season, both sides have to be willing to negotiate at the bargaining table instead of trying to make legal arguments in court.“You can’t let egos get in the way of negotiation,” Ditka said. “You have to give to take.”The two sides are trying to figure out how to share the NFL’s $9 billion in annual revenue.“It’s kind of goofy. The American public can’t feel sorry for either side because they can’t relate.”Retired players are pushing for better pension and health benefits from the league and players in the next collective bargaining agreement.“If they want to fix the pension for former players, all they have to do is match what baseball does for their former players, they have the best pension in all of sports,” Ditka said. “I’m fighting for the disability and the medical help that we need. One thing the current players should be fighting is for medical care for after their careers. Not for five years, but for 20, 30, 40 years. We’re finding guys who are 50, 60, 70, they’re suffering from head injuries and everything else.”The Gridiron Greats Assistance Fund has contributed more than $2.5 million over the past four years in financial and medical help for retired players.LeBeau, defensive coordinator of the Pittsburgh Steelers, was in the same room at the gala dinner with one of his players, linebacker Larry Foote. During the lingering lockout, NFL employees are not allowed to communicate with players.“I can talk to Larry—just not about football,” LeBeau said. “It’s not uncomfortable for me because I learned a long time ago not to worry about things that are not in my control.”
By John BurtonGov. Chris Christie has selected a long involved Republican activist to be the next county clerk. Now it’s up to the state Senate to offer its advice and consent.Christie has tapped Christine Giordano Hanlon, an attorney and vice chairwoman of the Monmouth County Republican Committee, to fill the vacancy when long-serving County Clerk M. Claire retires effective April 1.According to French, Hanlon’s nomination is contingent on the approval of the Senate’s Judiciary Committee. If approved, Hanlon would have to run this November for the clerk’s full five-year term.The judiciary committee was scheduled to convene this week but it was unlikely its members would take up Hanlon’s nomination this quickly, French suspected.“I’m hopeful we can get her nomination approved by the judiciary as soon as possible,” French said.Hanlon, an Ocean Township resident, has been a practicing lawyer for more than 20 years. She currently works for the Archer and Greiner law firm’s Red Bank office, where she focuses on municipal law and civil litigation.Hanlon is also a Republican state committeewoman representing Monmouth County and in 2009 she served on Christie’s transition team for the attorney general’s office. She was the Monmouth County campaign coordinator for Christie on his first run for governor in 2009 and had been the county coordinator for the McCain-Palin GOP ticket in 2008. She has been on the Monmouth County Board of Elections for approximately five years.“She’s a very hard worker and a very capable person,” Thomas Szymanski, executive director for the county Republican committee, said of Hanlon this week.“I’m very honored to have been nominated for this position by Gov. Christie,” Hanlon said on Tuesday. “It’s a very exciting opportunity.”It was with her work with the board of elections that French said she has gotten to know Hanlon, calling her “an expert on election issues.”“And that is a great help in this job,” French maintained.That and her legal background has given Hanlon “a good amount of experience to fill the role,” Hanlon noted. “I can only hope to live up to the standard of excellence that Claire has set,” she added, tipping her hat to the current clerk.The county clerk’s office has responsibilities over recording all property records; oversees the county archives division, for the large collection of public documents, some of which date back to the 17th century; the county passport division, assisting county residents in obtaining their passports; and administering the elections division, requiring the office to prepare ballots, process vote-by-mail applications, tabulate vote totals and certify county results for the New Jersey Secretary of State.Hanlon, in 2012, had unsuccessfully challenged then county GOP chairman John O. Bennett, losing to the former state senator by a very narrow margin. When Monmouth County Sheriff Shaun Golden won the chairmanship from Bennett in 2014, Golden named Hanlon as one of his four vice chairs, dividing the county into sections.French last month announced she would be retiring before finishing her fourth, five-year term, holding the position for 18 years.
By The Nelson Daily SportsThursday, on Senior’s Night at the Hangar, the seniors game out to play.Graduating point guard Sarah Fuhr dropped in 25 points to lead the L.V. Rogers Bombers to a narrow 61-58 victory over Grand Forks Wolves in Kootenay High School AA Girl’s League action.In the later tilt, senior power forward Clay Rickaby checked in with 22 points to spark the Bombers to a 78-56 win over the Wolves in Kootenay High School AA Boy’s League play.“Wow, was that ever close,” said Bomber coach Bruce Fuhr, watching his squad rally from a 27-22 half time deficit to edge the Wolves.“Our pressure really turned this game around for us. And it didn’t matter how tired the girls got, they still wanted to press.”The difference came in the third quarter. Trailing by five at recess, LVR out scored the Wolves 23-13 in the third period to grab a 45-39 lead. At one point the Bombers went on a 13-0 run.However, the Bombers came close to running out of gas down the stretch. After star center Rachael Moulson fouled out, Grand Forks took advantage of its size advantage in the paint to pound the ball inside. Keyed by the strong inside play of Amanda Thate and Maya Wold, Grand Forks cut the margin to 59-58. But Kyndle Doolan connected on a long field goal to ice the game for LVR.Doolan finished the game with 14 points while Moulson added 13, while playing outstanding defence on Thate.For the Wolves Thate had 26 while Wold added 13.Prior to the start of the boy’s game, seniors Sarah Fuhr, Rachael Moulson, Emily Klapstein, Kyndle Doolan and pretend senior Kiandra McLaren were honoured during a brief ceremony.Rickaby, D’Andrea help Bombers tame Wolves.Clay Rickaby scored 22 points to spark the Bombers to past Grand Forks Kootenay High School AA Boy’s League play.Rickaby, playing his final home game in the Hangar, was the recipient of many inside feeds from longtime teammate Jason D’Andrea. The Bombers, using a balanced scoring attack, increased its lead after every quarter en route to the win.D’Andrea scored 15 points while Grade 11 center Adam Grace had 12 points, all in the second half.John Zak had a strong game shooting, finishing with 22.Replying for the Wolves were Mitchell 19 points.Seniors Jason D’Andrea, Clay Rickaby, Maverick Seed and David Chen were honoured at prior to the game. [email protected]
SHERMAN TRAINEE VANNED FROM LOS ALAMITOS & ARRIVES AT 12 NOON ARCADIA, Calif. (Sept. 24, 2016)–North America’s all-time leading money earner, California Chrome arrived by van at Santa Anita on Sunday at 12 noon as he begins final preparations for next Saturday’s Grade I, $300,000 Awesome Again Stakes, final major steppingstone to the $6 million Breeders’ Cup Classic at Santa Anita Nov. 5.Owned by Perry Martin and Taylor Made Farms’ California Chrome LLC, the 5-year-old California-bred horse by Lucky Pulpit has earnings of $13,252,650 and will be in search of his sixth consecutive victory on Saturday.“The trip was uneventful,” said assistant trainer Alan Sherman following California Chrome’s 34-mile freeway trek. “He’s a trooper. He doesn’t mind traveling, that’s for sure. He’ll jog tomorrow on the main track and we’ll go out with him at about seven (a.m.).”Fresh off a smashing five length score in the Pacific Classic Aug. 20, California Chrome, a winner of the 2014 Santa Anita and Kentucky Derbies, began his current five game winning streak at The Great Race Place on Jan. 9, as he was an impressive winner of the Grade II San Pasqual Stakes.Voted Horse of the Year in 2014, “Chrome’s” biggest career victory came three starts back on March 26, as he waltzed to a 3 ¾ length victory in the $10 million Dubai World Cup. Tentative plans for the striking chestnut call for him to conclude his incredible racing career by running in the $12 million Pegasus World Cup at Gulfstream Park on Jan. 28.Following the Pegasus, California Chrome is expected to begin stud duty at Taylor Made Farm in Kentucky.The Awesome Again Stakes is one of five Grade I Breeders’ Cup “Win and You’re In” Challenge races that reward the winner in each a fees-paid berth in their corresponding races on Nov. 4 & 5.For more information on Santa Anita’s 23-day Autumn Meet, please visit santaanita.com.
It was the Panthers, and especially the soon-to-be tournament’s Most Valuable Player, Dickey, who came out with more gas in the tank in the third quarter. Dickey’s defense created a number of turnovers in the early moments of the third as the Panthers went on a 6-0 run to pull back ahead of the Crusaders.“Theresia lead us in intensity and energy all weekend,” McClure said. “She gave us a cushion there in the third quarter that we needed. I thought as a team we did a great job staying composed.”The Panthers outscored the Crusaders 16-12 in the third quarter and 17-12 in the fourth to notch their seventh win of the season. The Panthers had nine wins total last year.Gardner finished with 16 points in the loss and Sisemore, 14. Gardner and Sisemore also earned all-tournament team nods as well as McKinleyville’s Tripp and Grace Rosebrook.If the Crusaders want to get a spot of revenge after losing Saturday’s game, they will not have to wait long as the two teams are scheduled to face one another next Tuesday, Dec. 18. Rayn Tripp lead all scorers with 18 points, Theresia Dickey added 12 more and the McKinleyville Panthers subdued the St. Bernard’s Crusaders 53-42 in the championship round of the Lady Panther Classic, Saturday afternoon at McKinleyville High.“I like how our girls are playing,” McKinleyville head coach Anthony McClure said. “We still have a lot of improvements we can make, but the more wins like this that we can get as we head into league play means a lot for our confidence going forward.”McKinleyville (7-2) never trailed in Saturday’s win as a dominate first quarter saw the Panthers outscore the Crusaders (5-4) 13-3. Emily Gardner, one of the Crusaders main scoring threats, picked up two early fouls and had to spend more time on the bench than her team would have liked as they couldn’t find another scorer to keep them on pace with the Panthers.Gardner, along with Jasa Sisemore, lead her Crusaders back in the second quarter with five points (Sisemore had five in the quarter as well) and narrowed her team’s deficit to just two points, 20-18, before halftime.
Science Daily gave good press to a Dutch grad student who proposed the “next step in evolution” – robots that pass on knowledge and experience without Darwinian natural selection. Gerard Jagers op Akkerhuis, according to the article, developed a complete and “consistent” system called an “operator hierarchy” that goes far beyond biological evolution; it even “includes the classification of inorganic natural matter.” Science Daily explained, “The next life form will not necessarily develop by means of biological evolution: as far as Jagers is concerned, a machine that shows intelligent behaviour based on a neural network fulfils the definition of life.” When robots can share their knowledge, a “new step in evolution” will have been achieved. “However,” Jagers admitted, “for the time being such robots still need humans to build them.”Can anyone explain why this is not a cult like Scientology? No wonder one of our readers renamed the news site Seance Daily.(Visited 12 times, 1 visits today)FacebookTwitterPinterestSave分享0
The match between India and the Netherlands was a game of two halves. After giving the Dutch a lot of space to move around in the first period, the Indians got their act together and with a bit of luck, could have earned a share of the spoils.In the first half, India put pressure on themselves by wrong passing and lack of co-ordination. The Netherlands got hold of the game and scored twice, though both goals could have been prevented.Robert van der Horst was given acres of space in the danger area and even when he entered the striking circle, Sardar Singh was too slow to close him down.Even the second goal, which came off a penalty corner, could have been avoided. Manpreet Singh was on the line and got his stick to Roderick Weusthof’s shot, but could not keep it down.Sardar seemed off colour in the first half, but was his usual self in the second. The other player to have a great game was captain and goalkeeper Bharat Chetri, who made three or four great saves. SV Sunil was also good with the ball and went past defenders regularly.Chief coach Michael Nobbs would have changed tactics at half-time as the Indians came out recharged in the second half. Their physical fitness came to the fore and Indians outclassed the Dutch in the second half.I am disappointed that after Dharamvir Singh and Shivendra Singh scored, India allowed the Netherlands to score a third goal.advertisementNobody charged out Mink van der Weerden as he came inside to shoot home. India earned two penalty corners but failed to convert either. Indians have started their campaign with a respectable performance, though I would have been much happier if the match had ended in a draw.They face New Zealand next. The Kiwis lost to Korea in their opener, but they have always given India a tough game. They are fighters and have a very good penalty corner battery. We are slow starters at the Olympics, so all is not lost yet.(The writer is a 1980 Moscow Olympics gold medallist)
Canada’s main stock index saw mild gains Monday while U.S. markets surged higher as worries of a trade war with China eased.The rebound came after Chinese officials signalled some flexibility on policies including foreign investment in China and South Korea reached a new deal on steel with the U.S., said Craig Fehr, Canadian markets strategist at Edward Jones in St. Louis.“If we look at the equity markets at large, I would say this is the collective deep breath of investors today, after the big sell-off last week predicated on the rising fears that a trade war could be breaking out.”The S&P/TSX composite index closed up 74.82 points at 15,298.56, boosted by metals and energy stocks.In New York, the Dow Jones industrial average closed up 669.40 points to 24,202.60 for its largest one-day gain since August 2015, regaining almost half what it had given up last week. The S&P 500 index ended up 70.29 points to 2,658.55 and the Nasdaq composite index was up 227.87 points to 7,220.54.U.S. President Donald Trump sparked trade fears last week after imposing tariffs on some US$60 billion worth of Chinese imports as well as investment restrictions, adding to trade tension on the steel and aluminum tariffs he moved to impose earlier in the month.China has promised to defend its interests, raising fears of rising protectionism on both sides, but recent signs of concessions on both sides is easing concerns, said Fehr.“Given the signs we’re getting that there’s perhaps some concession to be made related to some of the tariffs that have been announced, I think the markets are finding some solace in that and we’re getting a bit of a relief rally after last week’s declines.”Canada didn’t see the same gains Monday as U.S. stocks because it hadn’t been hit as hard, he said.“The domestic market didn’t see the declines last week like we saw in the S&P 500 and the Dow. The TSX is also being held back a little bit today by the weakness in oil prices.”The Canadian dollar closed at 77.60, down 0.18 of a US cent, also held back by oil prices, said Fehr, but still up from recent lows after higher-than-expected inflation data last week.The May crude contract closed down 33 cents to US$65.55 per barrel and the May natural gas contract was up two cents to US$2.66 per mmBTU.The April gold contract closed up US$5.10 to US$1,355.00 an ounce and the May copper contract was down two cents to US$2.97 a pound.The rise in gold prices made it one of the biggest sector gains on the TSX. Kinross Gold Corp. climbed 4.03 per cent after the metal’s price gains, as well as after settling with the U.S. Securities and Exchange Commission over civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials.