The real reason mobile rules

first_img 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr We’re paying so much attention to the medium that perhaps we’re missing the message.The rapid rise of smartphones and the matching rise in mobile banking transactions are too powerful to miss or dismiss.If mobile isn’t yet consumers’ preferred method for transactions, it soon will be, as evidenced by their thirst for remote deposit capture, intra-account transfers, and person-to-person payments. And it’s quickly becoming their favorite way to obtain information.Mobile banking use will double globally in the next four years, a new survey from KPMG predicts. And a growing number of consumers consider a credit union’s mobile banking service a key attraction.So if mobile is the medium, what is the message?Mobile banking is the nexus that will finally drive advice out of the branch, away from human advisors, and into members’ hands. continue reading »last_img read more

Read More »

Senate demands answers from Uber over hack

first_imgLawmakers sent a letter to Dara Khosrowshahi, the chief executive of Uber, saying that the data breach, which the company paid hackers to cover up for about a year, “merits further scrutiny.”According to a news report in CNBC citing a group of senators, the lawmakers want more information on when the incident happened, the employees who were involved and the actions taken afterwards.“The nature of the information currently acknowledged to have been compromised, together with the allegation that the company concealed the breach without notifying affected drivers and consumers and prior privacy concerns at Uber makes this a serious incident that merits further scrutiny,” the senators wrote. continue reading » 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Read More »

Using behavioral economics to increase member savings and loyalty – without matching funds

first_imgGetting members to save more is the holy grail for many credit unions. Nearly every financial institution has some sort of plan or program or course to tackle this problem…so why has it not been fixed?I’m sure you’ve heard the statistics: two thirds of Americans don’t have enough money in savings to cover a $1,000 emergency, forcing them to turn to credit cards, loans from friends or family, payday lenders, or other means to cover the costs. Did you also know that nearly a third of Americans will never have enough money to retire…and one survey found that almost half of financial planners do not even have retirement plans? Yikes!This led me to ask: why is it so hard for people to save money—and why do so many initiatives to encourage saving fail? Using Behavioral Economics To NudgeBehavioral economics is the study of how the brain actually makes decisions – from what to buy, when to save, and whether or not to recycle. Because 99% of choices are made by the subconscious brain, it is really running the show. Unfortunately, it isn’t always logical, and there are a lot of rules it uses that keep people from saving.The problem with existing programs is they are built on the premise of what people “should” do (instead of what they will actually do). The great thing about the field of behavioral economics is it helps us understand how the brain makes decisions – even when people can’t tell you themselves what they will do. So, I put my theories to the test and ran a study on behalf of the Filene Research Institute with Point West Credit Union in Portland, Oregon.Filene Research Institute StudyIn my last article for CUinsight, I talked about the concept of time discounting (or the “I’ll start Monday” effect, as I like to call it). This concept is a huge barrier against getting people to save. We know what we should do (eat better, exercise, save for retirement) but our brains have a hard time actually doing what is best. So, overcoming this phenomenon was key. The study included 240 members from Point West Credit Union, divided into three groups to see if those who received the full impact of behavioral economics nudges (carefully worded letter, emails and a refrigerator magnet to track their savings) would save more and have increased loyalty scores (tracked via Net Promoter Score). I’m so excited to share that those in the magnet group did save more and had their average NPS score increase from 8.05 to 9.20! Want to learn what we did, and some tips on how to run experiments in your credit union? Check out the full report now. 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Melina Palmer Why do people say one thing and do another? What really drives behavior? How does the brain actually work – and how can we best communicate with it? What does that … Web: www.thebrainybusiness.com Detailslast_img read more

Read More »

Capital markets opening to credit unions

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr New territory is opening up for sophisticated credit unions: access to the capital markets, where long-term debts or equity-backed securities are bought and sold.Last year $2.3 billion GTE Financial, a federal credit union based in Tampa, Florida, tested the new option for credit unions to do securitizations and reports success.GTE Financial is usually a prodigious producer of automobile loans. In 2019, it originated $401 million of them, $305 million direct and $96 million indirect, according to CFO Brad Baker, a CUES member.That was more than the credit union wanted to keep, which would normally be about 35% of the portfolio. From 2014 through 2018, GTE Financial divested $202 million of automobile loans through participations, each ranging in size from $1 million to $23 million. continue reading »last_img read more

Read More »

Stocks making the biggest moves premarket: Alibaba, Lyft, Aurora Cannabis

first_imgCheck out the companies making headlines before the bell:Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big tech firms by the Chinese government.  The decline in Alibaba shares comes despite an upbeat start to the e-commerce giant’s annual “Singles Day” event, with more than $56 billion in orders as of this morning. The stock fell 1.7% in premarket trading as of 7:33 a.m. ET.Lyft (LYFT) – Lyft lost more than $280 million during the third quarter, more than double the loss it reported in the same quarter a year ago.  However, Lyft reported better than expected revenue for the quarter and also said it was working on developing a new food delivery service. The shares rose 5% in premarket trading as of 7:33 a.m. ET.- Advertisement – Jack Ma, chairman of Alibaba Group Holding Ltd., speaking during a fireside interview at the Viva Technology conference in Paris, on May 16, 2019.Marlene Awaad/Bloomberg | Bloomberg | Getty Images Aurora Cannabis (ACB) – The cannabis producer announced plans to raise $125 million through a secondary stock offering.  Under terms of the offering, each share would be priced at $7.50 and the buyer would receive a warrant to purchase another share at $9 within 40 months. The stock dropped 15% in premarket trading as of 7:33 a.m. ET.fuboTV (FUBO) – The streaming TV service did report a larger than expected loss for its latest quarter, but revenue exceeded forecasts and the company also gave an upbeat current quarter outlook.  It expects to end the year with 500,000 to 510,000 subscribers, which would be up 58% to 62% compared to a year earlier. The shares gained 30% in premarket trading as of 7:33 a.m. ET.Tencent Music (TME) – Tencent Music reported better than expected profit and revenue for its latest quarter, boosted by growth in paying users for its music streaming service.  Tencent said it is seeing a continued improvement in the retention rate of paying users. The shares added 4% in premarket trading as of 7:33 a.m. ET.- Advertisement – – Advertisement –center_img AT&T (T) – AT&T’s WarnerMedia unit is expected to lay off up to 1,750 workers – about 7% of its staff – according to multiple reports.  WarnerMedia – the operator of HBO, TBS, CNN and the Warner Bros. TV and film studio – plans to hold an all-hands meeting today to give more information on the cuts to employees.Lemonade (LMND) – Lemonade reported a loss of 57 cents per share, smaller than the 64 cent loss that Wall Street had anticipated, while the mobile-based insurance company’s revenue also exceeded forecasts.  Lemonade also gave a better than expected current quarter outlook.Datadog (DDOG) – Datadog earned an adjusted 5 cents per share for its latest quarter, compared to a 1 cent consensus estimate, while revenue beat estimates as well.  The cloud-monitoring company also issued an upbeat outlook. The shares lost 8% in premarket trading as of 7:33 a.m. ET.Fair Isaac (FICO) – Fair Isaac reported adjusted quarterly earnings of $3.25 per share, well above the $2.32 consensus estimate, while the company behind the popular FICO credit scores also saw revenue exceed Wall Street forecasts. Sanmina (SANM) – Sanmina beat estimates by 32 cents with adjusted quarterly profit of $1.10 per share, with the electronics manufacturing company’s revenue beating estimates as well.  Sanmina also issued an upbeat outlook, saying its strategy was working despite a challenging economic environment.General Electric (GE) – GE has ended its “Corporate Audit Staff” program, as part of CEO Larry Culp’s effort to simplify operations.  The program allowed workers to rotate through various divisions of the company to groom them for future leadership positions.Tapestry (TPR) – The company behind the Coach and Kate Spade luxury brands was upgraded to “outperform” from “market perform” at Cowen, which points to a favorable pricing and profit margin mix as well as a refreshed marketing strategy for the company’s Coach Outlet operations. – Advertisement –last_img read more

Read More »

Graeme Souness reveals the major problem Arsenal and Manchester United share

first_img Good ebening: A tribute to Unai EmeryTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 1:11FullscreenGood ebening: A tribute to Unai Emeryhttps://metro.co.uk/video/good-ebening-tribute-unai-emery-2059270/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘He needs to be taught the position properly, his decision-making is still naive. He needs some serious coaching.’Arsenal face Norwich City on Sunday and, after Emery’s sacking, the former Gunner Freddie Ljungberg will take charge of the team as caretaker boss.On the same day, Solskjaer’s Manchester United face relegation-battlers Aston Villa.MORE: Arsenal board identify first-choice target to replace sacked Unai EmeryMORE: Man Utd set asking price for Matic as Mourinho considers Tottenham bid Advertisement Metro Sport ReporterSunday 1 Dec 2019 2:30 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link155Shares Comment Unai Emery lost his job at Arsenal and Ole Gunnar Solskjaer could be next (Picture: Getty)Arsenal’s demise cost Unai Emery his job at the Emirates on Friday and the pressure is mounting on struggling Manchester United manager Ole Gunnar Solskjaer.AdvertisementAdvertisementADVERTISEMENTSouness has delivered a damning assessment of both squads and says the lack of role models is a reason for their current struggles.He told The Times: ‘You’re left looking at the dressing rooms and asking, “Where are the men?”More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘That’s what Emery required in his hour of need, but he didn’t have it at his disposal. It’s the same at Manchester United.‘If you’re a young player in those teams, it’s difficult to imagine looking at one of your teammates and thinking, “I want to be him in ten years’ time.”‘Matteo Guendouzi is an example of that. To his credit, the 20-year-old French midfielder takes the ball in any situation, whether it’s near his own goalmouth or in the attacking third, whether he’s having a good game or an indifferent one.‘But he doesn’t understand the game yet. He plays like he’s still in the playground.center_img Graeme Souness reveals the major problem Arsenal and Manchester United share Graeme Souness has revealed the problem Arsenal and Manchester United share (Picture: Getty)Graeme Souness has bemoaned the lack of leaders and role models at fallen Premier League giants Arsenal and Manchester United.Arsenal and United – two of the most successful English clubs in history – are currently ninth and 11th respectively in the Premier League table.Both clubs missed out on the top-four last season and look set to endure a similar fate this term as they attempt to move above the likes of Burnley, Sheffield United and Wolves. Advertisementlast_img read more

Read More »

First home buyers flock to Bluewattle

first_imgPicture: Megan MacKinnonThe Vercueil family, Stefan, Natacha, Lee-Cha, 18, Kariena, 14, and Martin, 15, recently built their first Aussie home at Bluewattle after moving to Townsville from South Africa.STRONG buyer demand among first home buyers and young families will see the creation of a further 30 new lots at Bluewattle Estate later this year.Australian Defence Force families made up 15 per cent of new builds in Bluewattle in the past 12 months, with many buyers being drawn from other facilities in the Douglas Employment Precinct, including the Townsville Hospital, James Cook University and CSIRO.Bluewattle sales and marketing manager Andrew Forster of Knight Frank said he expected to see first home buyers and young families continue to be attracted to Bluewattle with the $20,000 First Home Buyers Grant extended to the end of the year.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“Bluewattle has a lot to offer young families with respect to its wonderful parks, proximity to schools and major workplaces, and the continued focus on community events such as our recent May Fair at Bluewattle and upcoming Halloween and Christmas events,” Mr Forster said.“Bluewattle is gaining a well-deserved reputation for being a family-oriented community and residents at Bluewattle couldn’t be more pleased to have Defence families as neighbours they can trust and appreciate.“We currently have only a handful of lots available, all of which have generous incentives as part of our Block Buster land clearance promotion. We’re looking to sell these lots, as we make way for another 30 lots to be released later this year.“This new land release will represent an exciting new stage at Bluewattle, which will see improved connectivity with existing services in the Upper Ross including new walkways allowing access to Good Shepherd and Rasmussen schools, the Upper Ross PCYC and the Upper Ross Community Centre, without having to venture near the traffic along Riverway Drive.“Townsville City Council’s duplication of Riverway Drive will also have a direct benefit for our residents when complete.”For more information about Bluewattle, visit bluewattle.com.aulast_img read more

Read More »

Buyers can have the chance to own a slice of Brisbane history

first_imgCheck out the bathroom at 23 Curlew Street, Toowong.Ms Bugler converted the ballroom into a bridal suite, but there are five other bedrooms as well as a granny flat.Many of the original features have been retained over the years.“I’ve done quite a bit of renovation to it, while the woman who owned it before me was from Boston, so the decor is very Bostonian,” Ms Bugler said. 23 Curlew Street, Toowong.Michelle Bugler has used the colonial residence to run a bed and breakfast accommodation business for the past decade.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019“The Toowong Historical Society said it was built by a Mr Wells, the first manager of the Bank of New South Wales in the city,” Ms Bugler said.“They believe it was built around 1886 and the ballroom was to receive Mr Wells’ guests.” Inside 23 Curlew Street, Toowong. 23 Curlew Street, Toowong.A stately colonial home at Toowong has hit the market for the first time in 12 years.The five-bedroom, five-bathroom home at 23 Curlew St has a rich past dating back to the 1800s when the area was home to elite upper-middle class residents who worked in the city. The kitchen at 23 Curlew Street, Toowong.Agent Dr Paul Howe, of Oxbridge@Realty, is selling the property, which is on a 753sq m hilltop block, via private appointment.last_img read more

Read More »

AP7 challenges car industry over inaction on emissions transparency

first_imgSweden’s AP7 has warned of a lack of transparency within the car industry, after several of the world’s largest manufacturers failed to disclose details of their lobbying efforts over emissions legislation.Ford, PSA Peugeot Citroën (PSA) and Renault/Nissan are alleged to have failed to engage with an investor group worth £625bn (€842bn), which in October wrote to 10 car manufacturers requesting they disclose their contribution to lobbying work undertaken by the European Automobile Manufacturers’ Association (EAMA).The consortium – which includes three of the AP buffer funds, AP7, the UK’s Environment Agency Pension Fund and Finland’s Ilmarinen – did receive responses from seven companies, praising Toyota, Honda, General Motors and BMW for providing a “good degree” of information.But Charlotta Dawidowski Sydstrand, environmental, social and governance manager at AP7, said the lack of responses from several large companies revealed a problem within the industry. “From a long-term investor’s perspective, this is bad news,” she said. “Lack of transparency impairs the ability of the market to price risks properly.“AP7 wants to be reassured carmakers’ political lobbying activities are contributing to a safe climate, in turn protecting the long-term value of our portfolios.”Action by the coalition of investors came in the wake of Volkswagen’s admission last year that it used software to beat emissions tests.According to a statement released by ShareAction, the German car manufacturer responded to the coalition’s requests but “made no mention of the scandal and its implications in its response”.WHEB Group – which, alongside AXA Investment Managers, also supported the October letter – said the Volkswagen “debacle” had firmly established the importance of vehicle emissions, and that leading companies were capable of demonstrating “coherent” strategies.Seb Beloe, head of research at WHeB, added: “The lack of response from other companies including Nissan/Renault, Peugeot, Citroen and Ford raises real questions about the approach these companies are taking to this issue and potentially undermining their ability to maintain share in markets characterised by rapidly strengthening emission standards.”ShareAction, the UK charity that helped coordinate the letter, also noted that fellow German manufacturer Daimler only issued a one-line statement arguing there was “no reason to be concerned” by its involvement with the legislative process.The charity’s chief executive Catherine Howarth praised the asset owners backing the initial letter.“The investors that came together to question global automakers on their lobbying activities have done the wider market a service in helping identify those car makers that remain unwilling to come clean about this murky and increasingly risky aspect of their business,” she said.last_img read more

Read More »

Gold Coast House for Life charity home fetches almost $1 million at auction

first_imgThe House For Life at Helensvale’s The Surrounds sold under the hammer at the weekend.A GOLD Coast couple will cherish their new house more than most homeowners knowing the almost $1 million they paid for it will be donated to help sick and premature babies.Philip and Hayley Lakic claimed the keys to the Helensvale House for Life charity home at auction on Sunday after offering $986,000.They outbid 17 other registered bidders, including one interstate, with $1000 ultimately getting them over the line when the hammer came down.The Coomera couple said knowing the funds would be donated to the Mater Little Miracles, which assisted babies being cared for in the Mater Mothers’ Hospital’s neonatal critical care unit, was what encouraged them to get involved. RELATED: The Gold Coast home that will help save the lives of sick and premature babies Bidding started at $500,000. Philip and Hayley Lakic will call it home.“I think that’s what made us turn up,” Mr Lakic said.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“It definitely makes it more satisfying to buy.”The Mater Little Miracles was an initiative close to their hearts as Ms Lakic’s grandmother used to sell charity home tickets for the foundation in the 1970s.“I didn’t really think about it when we came here — she sort of started it all,” Ms Lakic said. “She lives in a Mater home now.” MORE NEWS: Living life in a new light Celebrity auctioneer Damien Cooley led the auction.More than 60 volunteers donated their time and resources over eight months to build the Hamptons-style house. Hundreds of people gathered for its auction on Sunday.High-profile real estate agent Damien Cooley, whose sales include those on Channel 9’s The Block, flew to Queensland for the weekend to lead the event. He was constantly asked to get involved in charity auctions but said this one was special as one of his own children had been rushed into intensive care when they were born.“It’s not often you get the opportunity to sell a house and land that’s been donated and every single dollar goes to the charity,” he said.“It’s nice when you know that every dollar is going towards changing someone’s life.” Mater foundation fundraising executive director Lesley Ray said when the home opened last month that the project was a special initiative.“We’d sincerely like to thank Plantation Homes for their ongoing support of Mater Little Miracles and Villawood Properties, which has so kindly donated the land for this year’s campaign.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:20Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:20 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen6 Australian wow homes that have just sold01:20 MORE NEWS: Mansion fetches whopping $8 million The couple said it would take a while for the news to sink in but they were excited to start their family in the home. “It’s a perfect location for us,” Ms Lakic said.The four-bedroom, four-bathroom house features an open-plan design, outdoor entertainment zone and pool. It was sold fully furnished.It is the eighth home built for the Mater foundation by Plantation Homes and the inaugural year Villawood Properties has donated the land. Hundreds of people attended the auction on Sunday. It fetched $986,000, all of which will be donated to the Mater Little Miracles.last_img read more

Read More »