Every financial services company wants to be innovative. Innovation brings new lines of business, increased revenue and decreased costs. But how can a bank or credit union encourage innovation amid the daily grind?By definition, most institutions can’t move their headquarters to Silicon Valley. Changing your dress code may not produce results. Starting innovation labs and appointing innovation czars may help, or may turn into expensive “innovation theater.”While these ideas may help to attract new talent, innovation truly begins with culture, and traditional banking culture works against innovation. That’s because innovative cultures accept that new ideas inevitably result in some failures — you might call it “the freedom to flop.” Innovative cultures embrace failure and the lessons it can teach, encouraging employees to try new ideas, take risks, and thus learn rapidly. Contrast this with most banking cultures — strongly influenced by regulatory, credit and operational risk management — and you can see the dilemma. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
BNI Syariah reported that its third-party funds (DPK) grew 16.58 percent to Rp 44.86 trillion, with current accounts and savings accounts (CASA) dominating the DPK and making up 64.96 percent of the total. Recently, BNI Syariah managed to enter the BUKU III category, which is a cluster of banks with core capital of between Rp 5 trillion and Rp 30 trillion. The bank’s core capital reached Rp 5 trillion as of March following an injection of capital in the form of asset handover worth around Rp 255 billion by the bank’s parent company, director of compliance Tribuana Tunggadewi said.“As BNI Syariah becomes a BUKU III bank, it has the opportunity to optimize its international businesses,” Firman said, adding that the effort meant potential fee-based incomes of up to Rp 70 billion from trade finance and around Rp 20 billion to Rp 30 billion from remittance.The company has offered several international banking services, such as international trade finance, remittance, letters of credit and export and import financing.Read also: BNI pursues Rp 4 trillion acquisition planBNI Syariah could benefit from its parent company’s presence in six major cities across the globe, namely Singapore, Tokyo in Japan, Seoul in South Korea, Hong Kong, New York in the United States and London in United Kingdom, as the cities had a sizable Indonesian population and businesspeople with Indonesia-related businesses, Firman said.As part of an effort to optimize the new business opportunities, the bank worked to increase its digital capacity and target the millennial market to tap into a bigger customer potential. BNI Syariah finance and operations director Wahyu Avianto mentioned in the press briefing that during the pandemic, the bank was “reaping the rewards” of its digital programs that were initiated two years ago. Among the bank’s innovations was the online account opening service, which saw a 136.86 percent increase between December 2019 and March 2020 to almost 25,000 accounts.Read also: Banking shares under pressure as investors avoid risk amid gloomy outlookThe bank has also been developing its sharia e-money called HasanahKu, which it claims to be the first of its kind, to support the growth of the halal ecosystem in the country.Wahyu noted that the digital initiatives had led to an increase in third-party funds, and hence, its fee-based income. “We hope in the future, they can help boost the growth of BNI Syariah’s profitability,” Wahyu said.Topics : BNI Syariah, the sharia subsidiary of state-owned Bank Negara Indonesia (BNI), reported a jump in its net profit during this year’s first quarter as it eyed opportunities to expand international banking services by banking on its parent company’s overseas branches.BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter of the year as the adverse impacts of the COVID-19 pandemic had yet to hit the bank’s bottom-line as of March, president director Abdullah Firman Wibowo said. “However, we have anticipated its impacts in the next quarter, both on the business front as well as on the assets quality side. We hope these impacts can be minimized so that we can still make a profit,” he added during a livestreamed press briefing on Thursday. The coronavirus outbreak is expected to hit the banking industry as it disrupts business activities and forces millions of people out of job, battering loan demand and jeopardizing credit repayments.Read also: State-owned banks restructure $1.84b in loans to soften COVID-19 impactsBNI Syariah recorded a 9.8 percent growth in financing disbursement to a total of Rp 32.32 trillion while its non-performing financing (NPF) rose to 3.8 percent from 2.9 percent during the same period last year. Between December 2019 and March 2020 alone, NPF climbed by 47 basis points. “We will try our best to manage the [NPF] to remain at a level below 4 percent, hopefully even below 3.5 percent,” Firman said.
GUYANA’s senior men’s national team has been drawn in Group A of the Caribbean Basketball Confederation (CBC) Championships, which will be played in Paramaribo, Suriname, from June 25 – 29.The tournament next year will serve as a qualifier to FIBA’s AmeriCup. The drawing took place in San Juan, Puerto Rico, on Wednesday, and will see Guyana being grouped with long-time rivals and host Suriname, along with Grenada, St Lucia and St Vincent and the Grenadines.Meanwhile, Group B will bring together Haiti, Bermuda, Montserrat, Barbados and Antigua and Barbuda.Nigel Hinds, president of the Guyana Amateur Basketball Federation (GABF) said he’s committed to sending a male and a female team to the championship, since “it is consistent to what we’ve (the GABF) been doing over the past four years.”Guyana has featured at every tournament under Hinds’ tenure at the helm of the GABF, with their best finish being fifth place in 2015, behind former Indiana Pacers and Dallas Mavericks shooting guard, Rawle Marshall.“What we will try to do is bring in, as much as possible, players, those born in Guyana and living overseas. We have some people helping us to identify some players. We know of the James brothers, there are four of them; they’ve played a lot of basketball in Europe,” Hinds said.According to the GABF boss, he’s projecting that the teams–both male and female–should start assembling at least by March, adding “Suriname is close by and we would really love to medal at this championship. So, right now, we’re working on identifying Guyanese who would’ve played College and semi-professional.”Guyana had a horrid showing at the last CBC tournament, held in the British Virgin Islands, 2015, finishing last in the 10-team tournament, where they failed to pick-up a win.
August 5, 2020 The Latest: At least 8 UCLA football players have COVID-19 Albert Wilson became the second Miami Dolphins player — and their second receiver — to opt out of playing this year because of the coronavirus.Wilson announced his decision Wednesday on Twitter. Allen Hurns made a similar announcement Tuesday.“It was a very tough choice,” Wilson wrote, “but since the day I started playing the game it’s always been Faith Family Football. Because of this crazy time I choose to put my family in the best situation I see fit.”Coach Brian Flores said he supported both players in their decisions.Wilson made four starts and had 43 receptions for 351 yards and one touchdown last season. Associated Press ___Miami Marlins outfielder Matt Joyce, who missed all of summer camp with the coronavirus, says his antibodies tests have come back negative and he continues to observe protocols for COVID-19.“I’m like: ‘OK, I already had it. Do I really have to wear the mask all the time?’” Joyce said. “But I still want to be mindful and careful, because there’s still so much unknown.”Joyce said he had mild symptoms for six days, and he was frustrated that it took him a month to test negative for the virus. Eighteen of his teammates are now infected following a recent outbreak that halted the Marlins’ season for a week.“Hopefully they have a much better experience than I did with the testing results,” Joyce said. The College Football Playoff announced the selection committee’s final rankings, which determine the four teams that will play for the national championship, will be released Dec. 20. College Football’s version of selection Sunday was pushed back two weeks to accommodate the changing schedules of FBS conferences. All the conferences have either rescheduled their conference championship games for Dec. 19 or said that they might move them off their originally planned date of Dec. 5.The College Football Playoff semifinals are still scheduled to be played Jan. 1 at the Rose Bowl in Pasadena, California, and the Sugar Bowl in New Orleans. The national championship game is set for Jan. 11 in Miami Gardens, Florida.___Indiana University anticipates having fans at football games this fall though it has not yet determined at what capacity. A final policy is expected in mid-August.Athletic director Scott Dolson says the expectation is to play in front of smaller crowds. The announcement came just hours after the Big Ten released its revised 10-game schedule and one day before the Hoosiers open fall practice. Dolson says the athletic department will continue to follow the advice of the school’s Athletics Medical Advisory Group as well as guidelines from state and local leaders, the CDC and university officials. One thing that already is clear: face coverings must be worn in and around Memorial Stadium.Indiana also announced season-ticket holders can opt out of this season, donate ticket payments to the Varsity Club, apply the money toward 2021 tickets or receive a refund. Those options will also apply if games are postponed or canceled.Ticket holders who opt out or cancel a purchase will be given the opportunity to buy the same seats next without losing their status for consecutive years.___The Detroit Lions have put center Russell Bodine on the reserve/opt-out list. ___Cleveland Browns center and NFLPA president JC Tretter said he’ll push for daily testing for the COVID-19 virus during training camp while the NFL ramps up for the season.Tretter said Wednesday on a Zoom call that he’s been satisfied with the protocols agreed to by the league and players’ union. Tretter said those guidelines will need to continue to evolve and change as more is learned about the virus.Players are currently being tested each day, but that was supposed to change in two weeks to every other day if teams stayed below a certain percentage of positive cases. Tretter believes daily testing is necessary to avoid the “lag time” that has led to problems in Major League Baseball.Tretter has chosen to play this season while knowing he’s putting himself and his pregnant wife at risk. He’s currently staying in a hotel and not at home to minimize any chance of getting sick. Suspension of activities began Monday. Team members who have not tested positive or been identified through contract tracing may be permitted to return to on-campus workouts on Aug. 10.___The Atlanta Falcons have activated linebacker Foye Oluokun, quarterback Danny Etling and rookie safety Jaylinn Hawkins from the team’s COVID-19 reserve list.They were among six players placed on the list in the early days of training camp.Defensive tackle Tyeler Davison, fullback Keith Smith and safety Jamal Carter have yet to be cleared to rejoin the team. @here___Michigan State defensive end Jacub Panasiuk says he’s redshirting this season because of concerns about COVID-19.Panasiuk said on his Twitter account that he intends to come back and finish his senior year at Michigan State.“Our country is facing difficult times with many unanswered questions regarding COVID-19,” Panasiuk said. “Unfortunately, with the uncertainty of the effects of COVID-19, I cannot risk my health and safety in order to play football this season.” Ferrer said contact tracing is ongoing in regards to the positive tests. The university reports on its website that 167 students or staff members have tested positive or had their diagnoses reported to the university.UCLA has suspended on-campus classes and has restricted houses to athletes who have reported for fall sports practices and conditioning. The Bruins are scheduled to open the season on Sept. 26 against Southern California, but athletic director Martin Jarmond has said that is likely to move to another date.___The Mountain West announced plans to have its football teams play an eight-game conference schedule and up to two nonconference games, starting Sept. 26. The Mountain West championship game, scheduled for Dec. 5 at the site of the division winner with the best record, would be pushed back to Dec. 12 or 19. Olympic sports in the conference will play only within the league and competition will also begin Sept. 26.___ The AAC has lost at least eight games against Power Five conference opponents that have altered schedules to play all or mostly within their league. More cancellations could come. The conference is allowing its members to find replacement games if possible. Conference play begins Sept. 19 as previously planned.___The South Carolina High School League has pushed back its start date for football practices and games.The governing body decided to delay workouts until Sept. 8, three weeks later than the previously planned start of Aug. 17.A seven-game schedule will start Sept. 25, according to the latest plan. The playoffs will conclude in December. Those teams that don’t make the playoffs will have the option of scheduling an extra game, as long as it happens before Nov. 20. High school stadiums will be limited to no more than 250 people in the stands with social distancing measures in place. Fans will also be required to wear a mask or face covering. The Browns promoted Gossett from the practice squad late last season. His loss will hurt Cleveland’s depth and likely force general manager Andrew Berry to look for free agents.The deadline for players opting out is Thursday at 4 p.m.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports ___Eastern Kentucky kicker Landon White has quit the football team in a social media post that accuses the FCS program of being lax in coronavirus testing and following protocols.White says on Instagram that the team’s last test was July 6 and that symptomatic players were still in the building and around other teammates. The junior adds that meeting rooms have had “100+ players and staff crammed into it with zero space and no social distancing rules in sight.”The 6-foot-1, 192-pound White also says first-year Colonels coach Walt Wells knows and “does nothing,” adding that he only cares about EKU earning a big payout from West Virginia for playing in Morgantown on Sept. 12.Athletic director Matt Roan said in a statement the department is aware of White’s post. He says “egregiously or willfully ignoring safety guidelines” by staff or students will not be tolerated. Moan also says weekly testing will be done consistent with re-socialization requirements and anyone reporting symptoms will be tested, monitored and quarantined if necessary. ___The Detroit Lions have activated wide receiver Kenny Golladay from the reserve/COVID-19 list.The list was created for players who either test positive for COVID-19 or have been in close contact with an infected person. The Lions put Golladay on it last week.Golladay was Detroit’s leading receiver last season with 65 catches for 1,190 yards and 11 touchdowns.___ Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Los Angeles County health director Barbara Ferrer said during a briefing that at least eight UCLA football players have tested positive. The Lions announced earlier Wednesday they had activated receiver Kenny Golladay off the reserve/COVID-19 list.Bodine played 10 games last season for the Buffalo Bills. Prior to that, he spent four seasons with the Cincinnati Bengals.___New Indianapolis Colts quarterback Philip Rivers says he never considered opting out of this season because it probably would have ended his career.The 38-year-old, eight-time Pro Bowler signed a one-year, $25 million contract in March with Indy after spending his first 16 seasons with the San Diego and Los Angeles Chargers. ___Louisville has paused workouts for men’s and women’s soccer, field hockey and volleyball after 29 members of those programs tested positive for COVID-19.The school said in a statement the positive tests and exposure were primarily traced to an off-campus party. Teammates and student-athletes from other sports were potentially exposed to the virus and remain quarantined due to contact tracing, the statement said.“We’ve talked about other schools, we’ve used those examples to educate,” athletic director Vince Tyra said in virtual news conference. “And unfortunately, we fell into the same trap here this past weekend.”Tyra also said the code of conduct within the teams, department and school are being stressed, and repeat violators could face disciplinary options up to dismissal. “Obviously, you try to be smart. I think that’s really kind of where we are from a family standpoint,” said Rivers, who has nine children. “But deciding not to play, we never got there. I also think making that decision, for me, would have been making the decision to be done and I’m not there yet.”In May, Rivers announced he would become the head coach at St. Michael Catholic High School in Fairhope, Alabama, when he retires. There, Rivers plans to coach his children — like his father did. He says the family has not decided yet whether the children would be home-schooled this fall.Rivers’ comment comes the same day two more Colts said they would not play this season, safety Rolan Milligan and cornerback Marvell Tell III. They joined linebacker Skai Moore, who announced his decision Tuesday.“These guys are family to us – we respect their decisions, personally support them, want them and their families to stay safe and healthy,” coach Frank Reich said. “We’ll maintain contact with all of them, but also understand their decision.”Noah Trister 5:16 PM Oluokun is expected to take over a full-time starting role this season, while Etling is in the mix to serve as the team’s third quarterback. Hawkins is a fourth-round pick out of California.___Cleveland Browns guard Colby Gossett has opted out of the 2020 season, becoming the fourth player on the team — and third offensive lineman — to decide not play because of the coronavirus pandemic.Gossett qualifies for the high-risk opt-out agreed to by the NFLPA and will receive a $350,000 stipend for not playing. He was due to make $675,00 this season.He is the second Browns guard to opt out, following Drew Forbes. The team also will be without offensive tackle Drake Dorbeck and defensive tackle Andrew Billings. Michigan State’s football team just finished a 14-day quarantine period based on testing that took place last month. Team activities resumed Wednesday, and practice is scheduled to start Friday.___The American Athletic Conference says it will keep its eight-game conference football schedule in place and allow its 11 schools to play up to four nonconference games.The AAC also announced it could move the date of its football championship game, scheduled for Dec. 5 at the home stadium of the top-seeded team, back to Dec. 12 or Dec. 19 if needed, due to COVID-19 disruptions.The conference championship game could also be moved to accommodate Navy’s annual game with Army, scheduled for Dec. 12. The conference said it hoped to make a determination on the date of the championship game no earlier than Nov. 1.