Public vs Private: Which cloud is right for your credit union?

first_imgBefore deciding to shift some of your operations to the cloud, its important to remember that cloud adoption is an overall business strategy for your CU, not just a function of IT. For most, a credit union cloud solution is in line with the CU’s overall business goals of increased efficiency and cost control, and its adoption will streamline many aspects of your operations. Once your cloud strategy is set, you have to decide what model of cloud will be best for your credit union.Cloud computing has several service and deployment models which relate to how the cloud service is provided. These models include:Private cloud: Operated solely for a credit union.Public cloud: Shared by several organizations and available to any paying customer.To decide what model of cloud is best for you, ask yourself these questions. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Facebook Preparing for Up to $5 Billion Fine Due to Data Privacy Issues

first_imgFacebook expects federal regulators to hit the social media company with a massive fine resulting from several recent data privacy scandals.Executives with the company said on Wednesday that the Federal Trade Commission’s investigation could result a fine ranging anywhere from $3 billion to $5 billion.Facebook has set aside $3 billion in legal expenses tied to the investigation, an action which cut into the company’s profit. In the first quarter of this year, the social media site reported $2.4 billion in profit, which is down 51 percent from a year ago.The fine, if levied, would become Facebook’s first financial penalty in the United States since last year’s Cambridge Analytica scandal. Since that time, Facebook has faced additional public and government scrutiny for not being fully transparent regarding where and how it shares its users’ data.Facebook signed a 2011 consent agreement with the FTC, in which it was required to implement a “comprehensive privacy program” and to also get “express consent” from users before sharing their information.Former FTC officials believe the agency will apply the fine due to the public attention Facebook has received from the data privacy issues.last_img read more


first_imgGARDAÍ have issued an urgent warning to motorists in Co Donegal tonight.Torrential driving rain and high winds are making driving particularly difficult.It will be the early hours of the morning before the worst of the weather has cleared. Many roads are flooded across the county, with driving conditions particularly difficult on rural roads.There are also reports of trees and branches down in several areas.A local Donegal Garda spokesman told Donegal Daily: “Road conditions are extremely poor at the moment.“We have patrols out across the county tonight but this is not a night to be driving anywhere near the normal speed limits. “People need to slow right down and take their time, especially on rural country roads; a fallen tree could be around the next corner and roads will be very slippy with the rain and this will extend normal braking distances.”Gardaí say patrols are on the Barnesmore Gap where there are very high winds.Drivers of high-sided vehicles are asked not to take to the roads over the next few hours. URGENT NOTICE: GARDAÍ IN ROADS WARNING was last modified: October 18th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegal weather warningrainstorm warningweatherlast_img read more

Bank honours local heroes

first_imgNedbank has helped hundreds of charitiesin South Africa through its Local HeroesProgramme.(Image: Nedbank) Read and Write’ director Roxanne Khan(left) receiving a cheque from Nedbankafter the organisation was chosen by alocal hero.(Image: RAW)Khanyi MagubaneLocal Heroes, an initiative by one of South Africa’s largest banking groups, Nedbank, has seen hundreds of organisations benefit from the award-winning project.“The Local Heroes programme recognises individual employees and clients who volunteer through projects or organisations involved in community upliftment,” says Faith Malete, brand marketing manager for Nedbank.Since it’s inception in 2002, the Local Heroes programme has donated more than R1.4-million to various non-profit organisations across South Africa.Charities, which have benefited from the scheme, include organisations working with the homeless, community sports, environmental programmes, children with learning disabilities and the aged.The project came to life as a staff volunteer programme, where staff members who were actively involved in charities were able to nominate an organisation to receive a R10 000 donation from the Nedbank group.In 2007, following a runaway success within the organisation, Nedbank extended the programme to its clients.Malete says the project is close to the bank’s moral values, “Nedbank believes in uplifting the community. We believe that helping communities around the country will eventually translate into a big picture of helping the country as a whole.”Choosing the right charityA team comprising various department heads within the bank gathers regularly to assess the applications received for the Local Heroes programme.For a project to qualify, it has to meet certain criteria. The nominated person has had to be involved on a volunteer basis with one charity organisation for at least three months.The project is also judged on its scale of community involvement. In addition, the assessment team judges how the individual’s project has served and benefitted the community at large.Once a donation has been approved, Nedbank, through the Nedbank Foundation, channels the money to the charity. Nedbank follows the organisation’s financial records in order to keep track of how the sponsored funds are managed.One organisation which, has succeeded in qualifying for a Local Heroes donation, is the Read and Write (RAW) literacy programme, which helps children with various learning disabilities.The organisation relies solely on donations and the R10 000 Local Heroes cash injection has gone a long way to sustaining its efforts.According to RAW’s director Roxanne Khan, it has been a struggle for the Cape Town based organisation to maintain itself as it doesn’t have a consistent flow of donations.Raw has used the contribution from the bank to resuscitate previously shelved projects, which couldn’t continue due to a lack of funding.New projects will also be started in the Salt River and Maitland communities in the Western Cape province.Girls and Boys Town, an institute of learning for teenagers with learning and behavioural difficulties, has also been nominated by a local hero.According to Malete, it was important for Nedbank to honour the men and women who volunteer their time at such institutions. “To have a group of people who have the type of skill and ability to deal with youngsters is something quite special. For us it was important to give those people support to keep doing what they do.”The institute helps youngsters, who according to the organisation, often arrive at the school with “shattered dreams, sick at heart and often in body too”.Some of the learners have a history of abuse; some have been abandoned or come from extremely poor families. As a result, they tend to perform poorly at school, rebel against authorities and have difficulty in following a disciplined routine.The volunteers at the school offer the learners the opportunities to formulate warm, secure and loving relationships with adults. Many of the children were raised in dysfunctional or abusive homes and never had the opportunity to form appropriate and safe bonds with authority figures.Lesser-known organisations in rural parts of South Africa have also benefited from the Local Heroes programme. The Bongekile pre-primary school in Richmond, KwaZulu-Natal, for instance, started off in the backyard of a small house. After being nominated and approved for funding, it has moved into a building where children from the community have access to sanitary facilities and educational play areas.The “Look Good … Feel Better” programme, which helps women undergoing cancer treatment to regain their confidence, also benefited from the scheme.The programme offers beauty workshops to female patients who are in radiation or chemotherapy treatment cycles at hospitals and clinics across South Africa.In this particular case, Wasiela Ally, a member of the Look Good … Feel Better programme at the Milpark Hospital programme in Johannesburg, was involved in one of the organisation’s workshops, and also happened to a Nedbank employee.She nominated the organisation and one of its volunteers, and they were awarded a R10 000 cheque in July 2007.As a result of the money received by Look Good … Feel Better, two new workshops were started for female cancer sufferers in Durban and Bloemfontein.The Local Heroes programme has also been supportive to unconventional charities through its donation to Bee Courtwise, a community run law project from Johannesburg’s city centre, which provides paralegal services to the community.Bee Courtwise helps the community understand their rights when dealing with the criminal justice system, particularly with cases such as applying for protection orders, maintenance, custody and divorce.Community members are also accompanied to court by volunteers, who help their clients understand legalese and court processes.After a trial is completed, volunteers conduct debriefings with their clients to explain the outcome and allow the client the space to express how they feel about the outcome.Sheryl Serebro, who volunteers her time at Bee Courtwise, was the local hero who nominated the organisation to receive the money.Shining in accoladesIn 2008, Nedbank was recognised for its efforts in helping to uplift South African communities, when it won the most innovative Corporate Social Investment Programme award at the National Business Awards.The category focused on the way that corporates used creative ideas to leverage on people’s skills and ability to benefit the community.The National Business Awards are presented in association with the annual business publication, SA’s Top Performing Companies.Do you have any comments or queries about this article? Email Khanyi Magubane at: [email protected] Useful linksLook Good…Feel Better Nedbank Local Heroes ProgrammeRead and WriteBee CourtwiseGirls and Boys Townlast_img read more

Creating jobs, tackling climate change

first_img21 October 2011Climate change innovation is taking off in a big way in South Africa – as demonstrated by initiatives such as The Fresh Air Factory, a Durban-based community project that creates “green” products by recycling locally available materials.Through the project, based at the Eco Park in Durban’s Bluff area, a group of previously disadvantaged locals are being given the opportunity to earn money and acquire business skills by producing environmentally friendly products from recycled materials.One of the challenges for achieving climate change sustainability is getting local communities to respond in ways that will not only see their environments looked after, but will also create jobs, impart new skills, and help the community to prosper.Making new challenges work for peopleMiller Matola, CEO of Brand South Africa, says success stories such as The Fresh Air Factory demonstrate the commitment of South Africans to making new challenges, such as climate change, work for them through innovation and entrepreneurship.“The project is established as a community factory that produces green products from recycled and locally available materials,” says Matola. “At the same time, participants are taught skills for their own future business ventures.“It’s a showcase illustrating how local economic development can be achieved, and this is through community participation, skills development and being creative with the resources that are available.”The products made at The Fresh Air Factory are targeted for corporate gifting through the co-ordination of Little Green Gifts and Packaging, and the factory is open to the public – allowing visitors to see firsthand what is being made from the recycled waste.Focus on human resource developmentAntoinette Kruger of Little Green Gifts and Packaging says her business is keen to support The Fresh Air Factory initiative, along with various other similar projects around South Africa. However, she adds, that the downfall of many community projects is quality control, and the fact that large orders cannot always be met.Because of this, The Fresh Air factory is being developed as a pilot project with an eye to franchising. “The aim is to have a network of Fresh Air Factories, so that the greater quantities of products often required by retailers and corporates can be produced,” says Kruger.An additional component to the success of the project is that it moves away from focusing on capital development to focusing on human resource development – therefore increasing the platforms for skills transfer and employment.“Every South African should play their part in dealing with climate change, and the people of the Bluff are showing the value that comes from collective effort,” says Matola.“Projects like The Fresh Air Factory link those who were previously disadvantaged into the real and active economy, and allow for increased participation and production in local markets, as well as sustainable job creation.”SAinfo reporterlast_img read more