Internet of things: Mobile banking (of things)

first_imgThe Internet of Things (IoT) has gained a considerable amount of hype as the “Next Big Thing” to change the world as we know it. Applications of IoT are thought by some to be limited only by the human imagination. From simply controlling your home (e.g. – lights, thermostat, etc.) with a smartphone, to life saving medical and healthcare systems, IoT is pervasive and growing rapidly.The financial services industry has recently started experiencing the IoT disruption in the form of mobile banking. While mobile banking is seen as an incredible advancement in financial services, it may only be the tip of the iceberg for the Bank (Credit Union) of Things.In recently published whitepaper, The Bank of Things: How the Internet of Things will Transform Financial Services, Author Ian Webster of Accenture discusses what he refers to as ‘Customer 3.0.’ Much like I discussed in my last article, Why Attracting Millennials Requires Big Data/Analytics, Webster’s ‘Customer 3.0’ is “hyper-connected, highly informed, very demanding and spoilt for choice. They expect to be engaged as individuals, and on their terms — when, where and how they want.” This new information expectation is requiring banks/credit unions to think of innovative ways to transform their data into valuable assets that provide a better customer experience.Examples of IoT in Financial Services‘Customer 3.0’ is being conditioned to expect much more information in all areas of their lives with retail banking being no exception. IoT is still in its adolescence in the financial services industries but there are several practical example of IoT in banking that do not seem far-fetched.Consider the following example: Loans are a major source of revenue for financial institutions but with interest rates at historical lows, differentiating one loan from another is difficult. So how do you ensure someone uses your financial institution for their next loan? By being the first image a customer sees when deciding to make their next big purchase. With advanced geo-tracking using beacons (IoT technology), financial institutions can send out the most accurate and timely marketing alerts. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

See Garrett Yrigoyen’s Pics With New Flame Alex Farrar

first_imgThe pair cozied up on the beach overlooking a colorful sunset with Farrar sitting on Yrigoyen’s lap. In one selfie, the California native wrapped his arm around Farrar’s waist and smiled with his mouth wide open.Days earlier, the former reality TV personality sparked speculation that he was dating again one month after ending his engagement to Becca Kufrin. “🎃Happy Halloween💀 Picked up a special pumpkin at the patch 👻,” Yrigoyen wrote via Instagram on Saturday, October 31, alongside three photos from his and Farrar’s festive day out.“Best pumpkin in all the land 🧡🧡,” Farrar replied.- Advertisement – – Advertisement – Before the beginning of his new romance with the fitness guru, Yrigoyen was engaged to Kufrin, 30, for two years. The exes met while filming season 14 of The Bachelorette, which aired in 2018.“I don’t think it’s going to come as a shock to anyone, but Garrett and I have decided to end our engagement,” the former Bachelorette announced on the “Bachelor Happy Hour” podcast in September. “After many conversations, we came to this decision. It wasn’t something that we just arrived at one night. It wasn’t based solely off of one Instagram post or somebody else’s opinions or comments. There’s much more to it. To any relationship, there’s a lot of layers, and it’s not for me to divulge details.”- Advertisement – Moving on! Garrett Yrigoyen isn’t afraid to bare all on social media — and neither is his new flame, Alex Farrar.“Best in all the land 🌈 @gy_yrigoyen,” the yoga instructor, who previously kept her Instagram private, captioned a handful of loving snapshots with the Bachelorette alum, 31. “When unexpected surprises make your life better 😊.”- Advertisement – Earlier this year, the duo hit a rough patch in their relationship after Yrigoyen shared a controversial message amid nationwide Black Lives Matter protests. When Yrigoyen came under fire for supporting police during political unrest, Kufrin initially defended him even though she didn’t personally “align with” his views. However, she eventually changed her tune, admitting during a June episode of her podcast that she was uncertain of her future with Yrigoyen.Two months later, Bachelor Nation fans continued to wonder if the pair had called it quits when the Minnesota native moved into a new home in Los Angeles by herself. Though the twosome hadn’t been in a good place, Kufrin was still hit hard by her split from her former fiancé.“Becca is really broken up about it,” a source told Us Weekly exclusively in September. “She thought Garrett was her person, her forever. … She needed space and time to figure things out before officially confirming the breakup.”Scroll down to see more of Yrigoyen’s photos with his new flame.last_img read more

PREMIUMState budget deficit to widen as government counters virus effects: Sri Mulyani

first_imgThe government expects the state budget deficit to be larger than its projection this year as it struggles to tackle the impacts of the global COVID-19 outbreak.Finance Minister Sri Mulyani Indrawati said on Wednesday that the government expected the deficit to exceed its initial target of 1.76 percent of the country’s gross domestic product (GDP) as stipulated in the 2020 state budget.“We’re still assessing the deficit, but there is still room for it to increase beyond the figure stipulated in this year’s state budget,” she told the press in Jakarta.Given the challenges the government has faced since the beginning of this year, Sri Mulyani also said the budget deficit target was conservative, as the outbreak had prompted the government to use its fiscal instruments to provide a stimulus to ensure economic growth remained at the key 5 percent mar… Google LOG INDon’t have an account? Register here Facebook Forgot Password ? Linkedin Log in with your social account Topics : Sri-Mulyani-Indrawati budget-deficit COVID-19 coronavirus Wuhan-coronavirus economic-growth GDP-growth China household-consumption government-spendinglast_img read more