Corsairs look for fresh start in GVC opener after a tough non-league schedule

first_imgEureka >> During a mid-morning practice session at Coach Tregs Gymnasium, head coach Aaron Hungerford can be heard alternating between instruction and motivation as he puts his College of the Redwoods women’s basketball team through its paces.“We’re working through deep waters. Push through the fatigue.”“The work you do know is going to show up the next 10 games.”“Through adversity, we are getting better.” In the first 14 games of the season, all of which were on the road, the …last_img read more

Robo-Advisors Are Coming. So What’s Stopping Them?

first_imgThe Rise and Rise of Mobile Payment Technology The Top 5 Issues Faced by Futurists Marc FischerCEO and co-founder of Dogtown Media Marc Fischer is the CEO and co-founder of Dogtown Media, a mobile technology studio based in Venice Beach, California, that was named by Inc. as one of the fastest-growing companies in America. Tags:#Bots#Fintech Related Posts 6 User-Interface Musts for Personal Finance Apps As technology continues its seemingly endless evolution, robots are taking over customer service and back-end data analysis. Combining those functions to create robo-advisors makes perfect sense.Unconvinced? Look at the financial sector. Experts who weighed in as part of Financial Planning’s survey believe that wealth management firms will continue to invest in robo-advisors and financial mobile app development as the two most impactful technologies. That’s not surprising, considering that robo-advisors are experiencing an estimated annual growth rate of 45.7 percent.Major questions remain before that growth can happen, however. Anyone operating in the financial field is subject to a slew of regulations — and robots are no different. Banking rules range from onerous to inexplicable, and companies must remain constantly vigilant to stay compliant. Unfortunately, these same regulations are stifling a robot renaissance.Numerous Obstacles to UbiquityThe Financial Industry Regulatory Authority (FINRA) remains opaque regarding many of its rules. Between navigating an endless sea of regulations and reporting requirements, would-be FinTech disruptors must clear plenty of hurdles to achieve any success.Startups might be used to breaking rules and moving quickly, but established institutions and regulators prefer the profitable status quo. When the status quo shifts, they find creative ways to retain market dominance via half-steps.Wells Fargo, for instance, recently launched its own robo-advisor platform. While the progress is positive, the company requires users to deposit at least $10,000 to open an account with that service. The high cost to open and the associated fees for the service — which do not exist in human-managed options — indicate that Wells Fargo and other large banks would prefer to keep their customers in traditional relationships for now.As robots work to catch their big break in the financial services industry, regulatory red tape and slow industry progress present the biggest obstacles to adoption. As robo-advisors reach more audiences, the utility of the technology will encourage the market to invest further and force regulators and big banks to accept the new robotic reality.The Natural Evolution of FinTechWhile they seem like recent disruptors, machine learning and artificial intelligence have operated behind the scenes in finance for several decades. Black box trading, common on Wall Street, describes how software engineers program algorithms that complete trades in fractions of seconds (earning massive sums on thousands of lightning-fast trades). High-frequency trading is a great example.An algorithm that skips the line on the trading floor has a steep advantage. If someone can buy shares of a stock for $19.95 and then sell those same shares for $20 a few minutes later, that profit doesn’t mean much — unless that buyer makes thousands of those transactions on a daily basis.In this way, traders already use AI to pick stocks for their portfolios. Similar to analysts, machine learning and AI gauge factors like dividend growth ratios to make smarter decisions. These algorithms even account for tendencies in management teams and other soft variables.FinTech companies can’t just crash the scene and expect a warm welcome, though, even if their products would make people wealthy. FinTech startup Ripple Labs got hit with a $700,000 fine in 2015 for skirting regulations in the name of progress, for instance.Fortunately, most companies are doing things the right way — and the big banks are hedging their bets. Wells Fargo’s first foray might not be perfect, but it’s a start. Fifth Third Bancorp and Fidelity recently started working together on an automated investment service. Ally Bank, an online-only financial institution, offers automated investing to its clients. Betterment is the largest robo-advisor firm with $13.5 billion in assets.Whether regulators and industry titans like it, the robots are coming. Before these cutting-edge tools can have the most positive impact, though, a few things need to change.How to Prepare for the Robot-Focused FutureRobo-advisors are here to stay. As the technology powering them improves, they will continue to refine their offerings to entice customers with better service, higher returns, fewer fees, and superior service.Estimates from Deloitte suggest that “assets under automated management” could reach a staggering $7 trillion by 2025 (up from $2 billion in 2016). As the amount of money that robo-advisors manage continues to grow, the financial services sector must make changes in the following areas:1. Corporate StrategyIf customers can lean on robo-advisors to manage their personal portfolios, large firms could realistically use automation to manage trillions of dollars in corporate accounts. Modern companies continue to rely more heavily on data every year, and they recognize the importance of data in their investment strategies. It’s only natural that these companies should also prefer an AI-powered, data-fueled approach to their investments.2. Low Barriers to EntryAt this point, Goldman Sachs won’t take a private wealth management account worth less than $5 million. Robo-advisors democratize that personal touch, lowering the barrier to entry for less affluent people who still want individualized financial help. This race toward lower fees will force financial services companies to diversify their income streams if they want to remain profitable.3. Retirement ManagementRobots can do more than help people save for retirement. Once customers reach retirement, AI can help those users optimize their withdrawal strategies. Bucket Bliss recently debuted a robo-advisor to help its clients reach their post-retirement goals and keep their income streams consistent and sustainable. As more people are willing to put their money in the hands of robots, this type of retirement management will become more common — meaning retirees will expect banks to offer comparable services.The robo-advisor revolution has already begun to disrupt the way investors engage with their accounts. From small-time savers to billionaires, more investors at all levels will continue to lean on automated assistance as time passes. If the FinTech industry hopes to meet that consumer demand, regulators and major players must clear the way for disruption. What it Takes to Build a Highly Secure FinTech …last_img read more

Wozniacki beats Halep to win 1st major at Australian Open

first_imgGlobe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Don’t miss out on the latest news and information. Denmark’s Caroline Wozniacki kisses her trophy after defeating Romania’s Simona Halep during the women’s singles final at the Australian Open tennis championships in Melbourne, Australia, Saturday, Jan. 27, 2018. (Photo by DITA ALANGKARA / AP)MELBOURNE, Australia — It took Caroline Wozniacki 43 majors and two failed attempts in finals before finally claiming her first Grand Slam singles title.One of the first things she did as a champion was apologize to top-seeded Simona Halep following her 7-6 (2), 3-6, 6-4 win in the Australian Open final on Saturday night.ADVERTISEMENT Kammuri turning to super typhoon less likely but possible — Pagasa Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City She returned and broke for a 5-3 lead before leveling the match.The players had a 10-minute break between the second and third sets with the temperature at 30.5 Celsius (87 Fahrenheit) and 60 percent humidity.Wozniacki appeared to sense Halep’s fatigue and attacked hard, getting a break in the second game.Halep converted her sixth breakpoint chance when Wozniacki double-faulted for the first time in the set. It was 2-1.There was a total of four straight service breaks until Halep held and got on level terms. She broke Wozniacki for a 4-3 lead, but lost momentum after Wozniacki’s medical time out.“I can still smile. It’s fine. I cried, but now I’m smiling,” Halep said. “Is just a tennis match in the end. But, yeah, I’m really sad I couldn’t win it. I was close again, but the gas was over in the end.”Serena Williams didn’t watch the game, saying she gets too nervous, but tweeted to congratulate her good friend Wozniacki.“New number one and aussie open champ. So awesome. So happy. Are those tears? Yup they are. From a year ago to today I’m so proud my friend so proud.” Read Next NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Typhoon Kammuri accelerates, gains strength en route to PH Wozniacki saved match points in her second-round win over Jana Fett and later said she was relaxed because for the rest of the tournament she was “playing with the house money.”So both players rolled the dice in the 2-hour, 49-minute final, which featured some long, absorbing rallies and 10 service breaks – including six in an eight-game run in the third set.“I know that today is a tough day,” Wozniacki said to Halep. “I’m sorry I had to win today but I’m sure we’ll have many matches in the future. Incredible match, incredible fight. And again, I’m sorry.”Halep was playing with an injured left ankle, needed treatment for dizziness in the second set and had rallied from a break down in the third set to lead 4-3 when Wozniacki took a medical time out to have her left knee taped. In the end, she just ran out of steam.“It’s not easy to talk now,” Halep said at the presentation. “It’s been a great tournament for me. I started not very well with the ankle injury. I just wanted to give my best every match, which I did. Of course I’m sad I couldn’t win today but Caroline was better than me. Sad that I couldn’t make it the third time, maybe the fourth time will be with luck.”Wozniacki is the third first-time major winner in the four Grand Slam tournaments since Serena Williams won the 2017 Australian Open for her record 23rd Grand Slam title.Serena Williams, who beat her older sister, Venus, in last year’s final, took time out for her pregnancy and the birth of her first child in September, and is preparing to return to competition next month.Wozniaki was ranked No. 1 for 67 weeks, including 49 straight from Feb. 21, 2011 until Victoria Azarenka replaced her on Jan. 30, 2012.Wozniacki got a break in Halep’s first service game and had a chance to serve for the first set at 5-3, but the Romanian rallied to break back and to force a tiebreaker. After getting an early jump in the tiebreaker, Wozniacki won the last three points to win a set for the first time in a Grand Slam final.Halep fended off four break points to hold early in the second set, and called for the trainer after holding in the fifth to get her blood pressure and pulse taken. 2 ‘newbie’ drug pushers fall in Lucena stingcenter_img Brace for potentially devastating typhoon approaching PH – NDRRMC LATEST STORIES MOST READ Neil Diamond’s “Sweet Caroline” played over the stadium speakers as the 27-year-old Danish player carried the Daphne Akhurst Memorial Cup around Rod Laver Arena.Wozniacki lost two US Open finals – in ’09 and 2014 – and Halep lost two French Open finals before their meeting at Melbourne Park.It was the first time in the Open era that players ranked No. 1 and 2 were meeting in a major final without either having won a Grand Slam title.So the pressure was on.It was the first time in the Open era that both Australian Open finalists had saved match points before reaching the final, also, so in some ways the pressure was off.In Halep’s case, she was the first player who had saved match points in multiple matches to have reached the final. She saved triple match point and rallied in the third set to beat Laura Davis 15-13 in the third set of her third-round match, and also needed to save match points in her semifinal against Angelique Kerber.ADVERTISEMENT Church wedding serves as an inspiration for Barroca John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding “I’m sorry, I’m just taking a second to hug Daphne,” Wozniacki said, pausing as she clutched the winner’s trophy in the on-court ceremony. “I dreamt of this moment so many years, to be here now it’s a dream come true.”More than seven years after appearing in her first Grand Slam final at the 2009 US Open – a straight sets loss to Serena Williams – Wozniacki can finally erase the “but never won a major” footnote that has long been attached to her resume.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“I’m never going to get the question again about being a world No. 1 without a Slam,” she said after leaving the court.Wozniacki will regain the top ranking next week for the first time in six years – beating Serena Williams’ record of 5 years, 29 days between stints at No. 1 on the women’s tour – in another benefit of beating the top-seeded Halep. 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