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Tag: Belgium

Fast forward thinking at ING

Tuesday, 4 October, 2016 0 Comments

Revolutions are turbulent, gory affairs. “The time to buy is when there’s blood in the streets,” said Baron Rothschild, who made a fortune in the panic that followed the Battle of Waterloo. This time around, it’s the financiers that are filling the streets, driven out by the algorithms in the battle to capture the smartphone customer.

ING Last week, Germany’s second-biggest lender, Commerzbank, said it was planning to cut 9,600 jobs over the next four years and end dividend payments for the first time. Yesterday, Dutch bank ING says it intends to cut up to 7,000 jobs in Belgium and the Netherlands over the next five years as part of a plan to save €900 million a year, speed up the adoption of new technology and “continue to lead in digital banking”.

“Customers are increasingly digital and bank with us more and more through mobile devices,” said ING chief executive Ralph Hamers in a statement. “Their needs and expectations are the same, all over the world, and they expect us to adopt new technology as fast as companies in other sectors.” Quote:

“In order to continue to lead in digital banking, we need to offer a better customer experience, that’s instant, personal, frictionless and relevant. From 2016 to 2021, we intend to invest €800 million in our digital transformation, building a scalable platform to cater for continued commercial growth, an improved customer experience and a quicker delivery of new products.”

Heralding the revolution at ING, Ralph Hamers titled his strategy “Accelerating Think Forward.” It’s kind of instant, but it’s certainly not frictionless for those giving way to the new technologies.


The Amazon Picking Challenge approaches

Friday, 10 June, 2016 0 Comments

Before we turn our attention to France and Euro 2016, it should be noted that when the quarter-finals kick off on 30 June in Marseille, Bordeaux, Lille and Paris, the Amazon Picking Challenge will be in full swing in Leipzig. This year’s event features two parallel competitions: the Pick Task and the Stow Task. It’s much more difficult than it sounds because although robots are developing a better feel for our world, they’re still terrible at physically handling it. Robots will need to be much more agile if they’re going to play a useful role in everyday life. In last year’s Amazon challenge, the bots had to grab loose objects — a package of cookies, a book, a rubber duck — and put them in a container. The winner took 20 minutes to deal with 10 items. Way to go, bots.

Footnote: If you’re thinking of putting a few quid on Belgium to win Euro 2016, it might do no harm to place a side bet on the neighbours to win this year’s Amazon Picking Challenge. Word is that the equipe from the largest and oldest Dutch public technological university are the real deal. Team Delft for the win.


Hero

Tuesday, 9 July, 2013 0 Comments

Perhaps, the most glorious Wikipedia introduction ever written:

Lieutenant-General Sir Adrian Paul Ghislain Carton de Wiart VC, KBE, CB, CMG, DSO (5 May 1880 — 5 June 1963), was an English officer of Belgian and Irish descent. He fought in the Boer War, World War I, and World War II, was shot in the face, head, stomach, ankle, leg, hip and ear, survived a plane crash, tunneled out of a POW camp, and bit off his own fingers when a doctor wouldn’t amputate them. He later said “frankly I had enjoyed the war.”

By the way, in 1908 he married Countess Friederike Maria Karoline Henriette Rosa Sabina Franziska Fugger von Babenhausen. She died in 1949 and in 1951, at the age of 71, he married Ruth Myrtle Muriel Joan McKechnie, then 23 years his junior. She died in 2006 at the age of 102. Sir Adrian died at the family home in County Cork in Ireland in 1963, aged 83. His was an heroic life.

Adrian Carton de Wiart


Asterix and Obelix have left the édifice

Wednesday, 19 December, 2012 0 Comments

First out was Christian (Asterix) Clavier. He decamped to London in October. Now, Gérard (Obelix) Depardieu has followed. He’s picked Belgium. Although unvanquished by Caesar’s legions, the two heroes of Gaul have been put to flight by François Hollande’s draconian 75 per cent top marginal income tax rate, increased capital gains tax and enhanced wealth […]

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Bernard Arnault to become a Lilliputian

Monday, 10 September, 2012

“According to Belgian law, a person can apply for citizenship after having lived in the country for at least three years. Citizenship can also be granted to someone residing abroad if the person can prove that he or she has real links with Belgium.” So write Geraldine Amiel and Gabriele Parussini in a Wall Street […]

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