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Three disruptive forces shaping the future of banking

first_imgFinancial institutions are facing pressure from all angles to adapt their business models.by: Andrew TilburyThree forces are shaping the future of banking: Technology innovation, demographics, and the emergence of new business models.For most traditional financial institutions, technology innovation is a weakness. Instead of innovating, many credit unions and banks rely on third-party firms—from established core providers to startups—to provide them with a mix of products they can repackage and resell to their members and customers.True innovation—the kind that challenges existing business models and creates new sources of value—for the most part is not happening in financial institutions.Instead, nontraditional financial services firms—including technology, retail, and telecom sectors—are driving innovation with the potential to disrupt the banking industry and challenge the dominance of traditional financial institutions. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Mohamed Salah: Liverpool forward tests positive for coronavirus

first_imgLiverpool forward Mohamed Salah scores a penalty during a 1-1 draw with Manchester CityMohamed Salah scored a penalty in Liverpool’s 1-1 draw with Manchester City last time outLiverpool forward Mohamed Salah has tested positive for coronavirus while on international duty with Egypt.The Egyptian Football Federation said on Friday that Salah, 28, returned a positive test but is not displaying any symptoms.- Advertisement – The Reds host Leicester in the Premier League on Sunday, 22 November, followed by a Champions League tie against Atalanta at Anfield on Wednesday, 25 November.Salah has started all eight of Liverpool’s Premier League games this season, scoring eight goals. They added that the other members of the team had tested negative.Egypt host Togo in Africa Cup of Nations qualifying on Saturday, followed by the reverse fixture in Togo on Tuesday.Salah will now self-isolate and could miss Liverpool’s next two matches.- Advertisement –center_img – Advertisement –last_img read more

Emerging market allocation loses 9.3% at SPW scheme

first_imgSPW, the €8bn pension fund for Dutch housing corporations, has lost 2.2% on investments over the second quarter, with emerging markets and commodities faring particularly badly.The scheme reported negative returns for nearly all asset classes, due to a combination of falling markets and rising interest rates.Investments in emerging markets and commodities generated losses of 9.3% and 7.7%, respectively, it said.The pension fund attributed the “disappointing” emerging market return – which underperformed its benchmark by 9.1 percentage points – to the US central bank’s suggestion that it would scale back its tapering policy. “As a consequence, investors started divesting from emerging market equity, bonds and currency,” SPW said, citing disappointing growth in China and turmoil in Egypt as contributing factors.It attributed its commodities losses to negative returns in oil, metals and agricultural.It also reported losses of 2.1% and 0.2% on credit and government bonds, respectively, as well developed market equities (-0.7%) and property (-0.3%).With a return of 1.9%, private equity was the best returning asset class.Hedge funds and infrastructure generated returns of 0.4% and 0.5%, respectively.SPW said rising interest rates – and their impact on its interest hedge – contributed 1.4 percentage points to the scheme’s quarterly loss.By contrast, its currency hedge generated a positive result of 0.6%.last_img read more

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