The new building of Iceland’s largest bank designed by C.F. Møller Architects, in collaboration with ARKÞING, Landsbankinn in Reykjavik, is not only the city’s bank but also the city’s house: the building interacts with and includes the entire city while offering architecture in close relation to raw Icelandic nature and the city. historic urban fabric.
Analysis Strengthens Anti-Money Laundering Efforts
All banks must balance customer service with a growing risk portfolio. This requires financial institutions to have a strategy – and the right technology – to integrate data from their core banking systems and third-party sources to effectively monitor illicit activity.
For Landsbankinn, finding this balance is crucial for its compliance staff. The bank has 123,300 individual customers and 13,600 businesses. With a market share of 39% in Iceland, it is included in the list of Global Systemically Important Banks (G-SIB) according to the Financial Stability Board. And like any financial institution, Landsbankinn must review transactions for suspicious activity.
The SAS motto, “The Power of Knowledge,” is absolutely accurate. This has allowed people who don’t understand the complexity of data to start using it more effectively.
“Landsbankinn seeks to comply with the strictest requirements regarding money laundering, criminal financing and other illegal activities,” says Thordur Orlygsson, Chief Compliance Officer at Landsbankinn. “And to meet these demands, we need a sophisticated and robust solution.”
The company chose SAS Anti-Money Laundering to identify patterns in its data. Landsbankinn also uses SAS Visual Analytics to provide data visualization capabilities to analysts across the organization.
Reducing false positives
Although the vast majority of transactions processed by Landsbankinn do not trigger any alerts, a few may indicate suspicious activity. This is where the company’s compliance team comes in.
“It is not possible for us to manually review all transactions,” explains Orlygsson. “We need a system like SAS to help us perform pattern analysis to identify suspicious transactions and refer them for investigation.”
Before turning to SAS, Landsbankinn had a detection system that detected about 1,000 false positive transactions each day – positives that the previous system flagged but were not actually illegal or out of bounds. With a limited number of investigators, one of the goals was to reduce this number to focus on truly suspicious claims.
“We wanted the number of false positives to be much lower,” says Skuli Jensson, head of risk solutions at Landsbankinn. “Within a few months, we reduced that number to around 100 per day. The fewer false positives we get, the more we can focus on the true positives.
The company conducted tuning exercises with SAS to refine the solution to meet its needs. This effort, combined with a powerful enterprise data warehouse, gave the compliance team the building blocks needed to conduct more effective anti-money laundering efforts.
“It’s important to create new scenarios and then adapt them to different situations,” says Jensson. “We can change the parameters of the scenarios so that the bank can report things more effectively. Our team can work more efficiently and the people who previously analyzed false positives can work on other things.
The building supports Landsbankinn’s values of being in close interaction with the outside world. This problem is solved by creating a specific, eventful, flexible and efficient building, which becomes a “daily landmark” for Reykjavik.
The raw Icelandic nature, the volcanic basalt stone, the horizontal layers of the rock and the atmosphere of the caves and crevices were a source of inspiration in the design of the project. This approach goes from the exterior of the building to its interior.
The internal organization of the building aligns with Landsbankinn’s vision of a public realm open to the exterior. Most of the public functions are located on the ground floor and along the facade of the building, thus activating a new pedestrian street leading to the Harpa concert hall. Internally, a protected public passage connects these new facilities, thus becoming a new natural shortcut through the city.
Workspace design is primarily based on the desire to provide as much flexibility as possible. Office spaces are therefore designed as flexible, efficient and open workplaces, allowing for changes over time.
1st prize in architectural competition. 2018
C.F. Møller Architects in collaboration with ARKÞING
C.F. Møller Architects
- 1st prize in architectural competition. 2018
C.F. Møller Architects
C.F. Møller Architects is one of Scandinavia’s leading architectural firms, with 90 years of award-winning work in the Nordic region and around the world.
Every day we create architectural quality based on innovation, experience and Nordic values. This ensures sustainable and aesthetic solutions with lasting value for customers, occupants and society.
A unique design approach
Our design solutions are created in a methodical and holistic manner following rigorous analysis of the local context. We seek to set new global standards by fostering a design approach that uniquely integrates urban planning, landscape, architecture and the design of specific building components.
We consider environmental concerns, resource awareness, sound project financing, social responsibility and know-how as essential elements of our work. This spirit is fundamental in all our projects, a common thread that runs from the master plan to the detailed design.
Since our founding in Denmark in 1924, we have contributed significantly to the development of welfare societies in Scandinavia and the rest of the world. We are continually recognized and awarded internationally for setting new architectural standards, due to our strong focus on the functional, artistic and social value of architecture.
Today, C.F. Møller has a candidacy. 350 employees. Our head office is in Aarhus, Denmark and we have branches in Copenhagen, Aalborg, Oslo, Stockholm, Malmö and Berlin.
Ethereum Price Prediction: What To Expect From ETH As The Shanghai Upgrade Nears
Ethereum price is at an inflection point as it trades above $1,700 with no clear directional bias. Apart from the market FUD emanating from increasing regulatory crackdowns and a global banking crisis, investors are treading cautiously as they want to see the direction Ether will take once the Shanghai upgrade goes live in the next two weeks.
The Ethereum Shanghai Upgrade To Go Live On April 12
The long-awaited Ethereum Shanghai upgrade, which will enable the withdrawal of staked Ether, is slated for April 12, 2023. The Ethereum devs team announced the launch date through a March 28 tweet saying, “Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023.”
According to data from analytics firm Dune, over 16.3 million ETH tokens are staked on the Ethereum network but cannot be withdrawn. The Shanghai upgrade, which has been named Shapella, is designed to give users who staked their ETH on the Ethereum network as early as December 2020 the freedom to withdraw their locked tokens.
It is believed that enabling withdrawals will reduce the risk associated with holding the staked version of Ethereum, including Frax’s froTH and Lido’s stETH, because they will be redeemable.
How Will The Ethereum Price Behave Post-Shanghai
There are mixed expectations on what may happen to the ETH price once the Shapella mainnet is launched. On the one hand, it is expected that some investors may want to cash out on their staking positions for liquid funds. Such a move would see them exit the Beacon Chain. Even if node operators withdraw and sell their ETH, they would want to maintain their staking positions for more yields.
However, it is important to note that ETH stakers will not be able to withdraw their staked tokens all at once. A withdrawal process has been put in place that first allows holders to directly withdraw their staking rewards. This would represent $1.03 million ETH, worth about $1.8 billion at current rates. Given that Ethereum’s daily volume ranges between US $8-10 billion, chances of negligible selling pressure are high.
In addition, the amount of ETH staked per validator cannot be withdrawn directly given that a limit of 20,400 ETH ($85M at current rates) is required per day. This is a negligible amount as well when compared to Ether’s daily trading volume.
Therefore, it is safe to say that the ETH price may not be too negatively impacted by the upgrade due to the relatively low selling pressure.
On the other hand, Ethereum holders could be motivated by the reduced risks to stake their ETH on the network and earn passive income. Note that staking rewards are inversely proportional to the number of validators. Therefore, if the number of node operators reduces, presumably because of stakers withdrawing their ETH, rewards will surge, attracting more validators. Given that ETH is now deflationary, however, we expect more buying pressure compared to selling pressure.
If Ether owners “HODL” their tokens and buy more, the equilibrium Ether price could rise because the quantity supplied will be reduced.
Ethereum Price Consolidating Before The Upgrade
After rising above the $1,700 psychological level on March 17, the Ethereum price has been consolidating in a sideways price action. This points to decreasing volatility as both buyers and sellers fight for control.
The consolidation and decreasing volatility are illustrated by the choppy price action as well as the constriction of the Bollinger Bands. The more the bands squeeze toward each other, the more the volatility decreases, suggesting that a breakout may happen in either direction.
The horizontal price movement is also supported by the flattening of the moving averages and the leveling of the Relative Strength Index (RSI) close to the midline. This implies that the buying and selling pressures are balancing out.
ETH/USD Daily Chart
Should the Ethereum price favor the buyers, it would rise from the current level to produce a daily candlestick close above the upper band of the Bollinger at $1,860, confirming a bullish breakout. Such a move would see the buyers collect the liquidity above the said level, bolstering ETH toward the $2,030 range high. This would represent a 13% ascent from the current levels.
Should ETH move in favor of the downside, it would produce a daily candlestick close below the middle band of the Bollinger at $1,740 to seek solace from the $1,700 psychological level. Ethereum’s downside could be capped here in the short term, given that this level has provided support for the token for the last 14 days.
Losing the support at $1,700 could initiate massive sell orders, with the first line of defense emerging from the 50-day Simple Moving Average (SMA) at $1,653. Additional support zones could be found at the $1,600 psychological level, the 100-day SMA at $1,540, and the 200-day SMA at $1,436, before reaching the March 10 swing low at $1,370. This would represent a 23% drop from the current price.
Navigating the Skies with Ease: Keeping Track of Avianca Flight Status
Air travel has revolutionized the way we explore the world with Avianca Flight Status, connecting distant destinations and cultures like never before. Among the many airlines that take to the global skies, Avianca stands out as one of the best performers, known for its exceptional service, safety and efficiency. For travelers seeking up-to-date information on their Avianca flights, understanding how to track your flight status can prove invaluable. In this article, we’ll delve into the importance of tracking Avianca flight status and explore the various tools available to keep travelers informed and worry-free.
The importance of flight status tracking
Modern air transport involves a complex interplay of factors that can affect flight times and schedules. Weather, air traffic control, aircraft maintenance and unforeseen events can all contribute to flight delays, cancellations or schedule changes. For passengers, staying informed about these changes is crucial to planning their trip effectively and reducing the stress associated with travel uncertainties.
Avianca flight status tracking options
To meet the diverse needs of its passengers, Avianca offers several convenient methods for travelers to track the status of their flight:
1. Official Website: Avianca’s official website provides a user-friendly platform where passengers can easily access real-time flight information. By simply entering the flight number and travel date, travelers can view the latest updates on departure and arrival times, gate information, and any flight status changes.
2. Mobile application: Avianca’s mobile application puts the flight status at your fingertips. Available for iOS and Android devices, the app offers personalized notifications about flight delays, gate changes, and more. Passengers can also manage their reservations, check-in online and receive digital boarding passes through the app.
3. Email and SMS Alerts: Avianca allows travelers to sign up to receive email and SMS notifications about their flight status. These alerts provide timely information about changes, delays or cancellations, ensuring that passengers remain well informed, regardless of their location.
4. Airport Information Screens: Upon arrival at the airport, travelers can check their flight status on digital panels located throughout the terminal. These screens show real-time updates on departures, arrivals and any time changes.
Benefits of monitoring the Avianca flights status
1. Proactive planning: Being aware of potential flight delays or schedule changes allows passengers to adjust their travel plans accordingly. This may include rescheduling connecting flights, providing information on pick-up arrangements, or arranging accommodation plans at the destination.
2. Stress reduction: Uncertainty can be a major stressor during a trip. By staying informed about the status of their flight, passengers can alleviate the anxiety of not knowing the current status of their trip.
3. Streamlined transit – For travelers with connecting flights, flight status tracking ensures they are well prepared to navigate the airport efficiently. Timely updates can help prevent lost connections due to unexpected delays.
4. Improve traveler confidence with Avianca flight status tracking
5. Embrace technological convenience
6. At a time when technology dominates all facets of our lives, Avianca has embraced innovation to improve the passenger experience. The airline’s investment in user-friendly platforms such as its official website and mobile app demonstrate its commitment to providing seamless access to flight information. The Avianca app, for example, not only provides flight status updates, but also allows travelers to manage their reservations, select seats and even explore inflight entertainment options, all with a few clicks on their smartphone.
7. Real-time updates: a turning point
8. Real-time flight status updates are a game changer in modern travel. The ability to receive instant notifications about gate changes, departure times and unexpected delays allows passengers to make informed decisions.
Conclusion: A Smooth Journey, Every Step of the Way
21. In the field of air transport, where uncertainty can often arise, Avianca’s commitment to providing accessible and real-time information on the status of flights is a breath of fresh air. From booking your ticket to arrival at your destination, the airline’s commitment to improving the passenger experience is evident. As we continue to enter the digital age, we can expect staying informed about flight status to become an even more integral part of the travel process. With Avianca’s easy-to-use tools and customer-centric approach, passengers can take to the skies with confidence, knowing that they are always informed and fully prepared for whatever their journey holds. So whether you’re a seasoned explorer or a first-time traveler, Avianca’s flight status tracking options are your co-pilots to ensure a smooth and worry-free journey.
Avianca’s commitment to customer satisfaction goes beyond excellent service on board and includes providing passengers with accurate and timely flight information. The various tools and platforms offered by the airline to track flight status allow travelers to take control of their trip, make informed decisions and enjoy an overall smoother travel experience. Whether through the official website, mobile app, email alerts or screens at airports, staying informed about the status of Avianca flights has become an essential aspect of modern air travel. So the next time you set out on a trip with Avianca, rest assured that you’ll be able to effortlessly soar through the skies while staying informed.
Exploring Convenience and Quality: A Closer Look at Woolworths Near Me
In the clamoring scene of present day retail, where comfort and quality frequently stand at the front of shopper inclinations, Woolworths near me has cut an unmistakable specialty for itself. With a heritage crossing more than a long time, Woolworths Near Me has turned into a commonly recognized name inseparable from new produce, assortment, and uncommon client care. For those lucky enough to have a Woolworths Near Me close to them, the experience isn’t simply a shopping trip yet an investigation of comfort and quality consolidated.
Exceptionally old Tradition of Greatness Woolworths Near Me:
Established in 1924, Woolworths has advanced from its unassuming starting points to become one of the main store chains in numerous areas. Throughout the long term, Woolworths Near Me has kept a relentless obligation to conveying premium items while adjusting to changing customer requests. With a reach that ranges from food and new produce to family basics and clothing, Woolworths takes special care of a different arrangement of requirements, making it a genuine one-stop objective.
At the point when a Woolworths is strategically placed close by, it changes the ordinary shopping errand into a problem free and pleasurable experience. Whether you want to load up on food for the week, track down that ideal outfit for an impending occasion, or even snatch a light meal to eat, a close by Woolworths Near Me turns into your partner in comfort. The essential situating of these stores frequently in metropolitan places, rural areas, and shopping buildings mirrors Woolworths’ obligation to being available to its clients.
Woolworths has gained notoriety for offering new and excellent produce. From the dynamic exhibit of leafy foods to the decision cuts of meat and newly heated products, the obligation to newness is clear in each passageway. This commitment reaches out past the food things to envelop everything from toiletries to family items, guaranteeing that clients get only awesome.
Various Reach, Different Requirements:
The expression “Woolworths Near Me” reverberates with assorted needs met under one rooftop. As you step inside, you’re welcomed with an arrangement that takes care of different preferences, inclinations, and ways of life. Wellbeing devotees can investigate an extensive variety of natural and wellbeing cognizant choices, while those searching for worldwide flavors can enjoy a different determination of worldwide foods. The presence of both spending plan well disposed and premium items guarantees that Woolworths takes special care of a wide range of customers.
Local area and Care:
Woolworths Near Me obligation to its nearby networks is vital. Past being a position of business, these stores frequently act as local area centers, facilitating occasions, studios, and drives that advance prosperity and supportability. From supporting neighborhood ranchers to executing eco-accommodating practices, Woolworths Near Me endeavors to have a beneficial outcome on the networks it serves.
Development and Innovation:
Woolworths’ journey for greatness isn’t restricted to the actual passageways alone. The chain has embraced innovation to upgrade the shopping experience. Helpful web-based stages and applications permit clients to shop from the solace of their homes and have their things conveyed to their doorstep. This reconciliation of innovation consistently overcomes any barrier between customary shopping and the requests of the advanced age.
Hoisting Client Experience:
Woolworths Near Me devotion to improving client experience is apparent in each feature of its activities. The efficient store design makes route a breeze, guaranteeing that clients can rapidly find what they need. The staff, frequently known for their well disposed disposition and item information, are promptly accessible to help and guide customers, adding an individual touch to the shopping venture. From giving recipe thoughts to assisting clients with pursuing informed decisions, the staff at Woolworths add to making a warm and welcoming climate.
A Culinary Excursion:
For those energetic about cooking, a Woolworths Near Me close by is a mother lode of culinary conceivable outcomes. The broad scope of fixings, flavors, and sauces from around the world empowers culinary trial and error. Whether you’re a carefully prepared gourmet expert or a hopeful home cook, the different choice of items touches off motivation and imagination in the kitchen. Also, the store frequently teams up with eminent gourmet specialists and food specialists to furnish clients with recipes and cooking tips, further advancing the culinary experience.
Manageability and Moral Practices:
In a time where manageability and moral contemplations are central, Woolworths Near Me has done whatever it may take to line up with these qualities. The organization’s obligation to lessening its ecological impression is clear through drives like maintainable obtaining of items, decreasing plastic use, and advancing reusing. The choice to buy morally delivered and privately obtained merchandise enables clients to pursue ecologically cognizant decisions, adding to a superior future for all.
Specialty Areas and Administrations:
Past the standard staple contributions, Woolworths frequently includes specialty areas that take care of explicit requirements. These segments could incorporate stores with a determination of charge cheeses and charcuterie, pastry shops serving newly prepared high quality bread, and even segments devoted to wellbeing and health items. The accessibility of these particular contributions hoists the shopping experience, permitting clients to enjoy premium treats or find items custom-made to their inclinations.
Dedication Projects and Rewards:
Woolworths’ obligation to client unwaveringness goes past contribution quality items. Numerous Woolworths stores offer dedication programs that reward standard customers with select limits, advancements, and customized offers. These projects give monetary advantages as well as upgrade the feeling of being an esteemed piece of the Woolworths people group.
Embracing Change and Future Points:
As the retail scene keeps on advancing, Woolworths stays coordinated and versatile. The organization’s obligation to development and remaining current with shopper patterns is apparent in its constant endeavors to update its contributions. From embracing internet business to exploring different avenues regarding new store designs, Woolworths means to guarantee that the shopping experience stays pertinent and pleasant for a long time into the future.
All in all, having a Woolworths close to you isn’t just a question of comfort; it’s a challenge to set out on an all encompassing retail venture. From quality and assortment to manageability and local area commitment, Woolworths has woven together an embroidery of components that take special care of present day purchaser needs. As you step into a Woolworths store close by, you’re entering a domain where comfort meets quality, where decisions are bountiful, and where shopping rises above into an encounter of investigation and joy.
All in all, having a Woolworths close by is something other than having a store in nearness; it’s a solicitation to a universe of comfort, quality, and local area. From its beginnings attached in a pledge to conveying worth to its ongoing situation as a retail chief, Woolworths keeps on molding the manner in which we shop and experience regular fundamentals. So the following time you end up looking for “Woolworths close to me,” recollect that you’re not simply entering a store – you’re venturing into a tradition of greatness that comprehends and takes care of your different requirements.
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