Tag Archives: financial institution

FP rate reduced to 8.1% for 2021-22, lowest in years

EPFO is the largest pension fund in the country and the second largest non-banking financial institution with a corpus of around ₹16 lakh crore EPFO is the largest pension fund in the country and the second largest non-banking financial institution with a corpus of around ₹16 lakh crore The return …

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2 accounts you should invest in beyond your 401(k)

A 401(k) is a great tool to help you save for your years to come. It can be easy to open since you may be automatically registered for work or just have to fill out some paperwork. You’ll be able to contribute with pre-tax dollars, and your employer can even …

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Climate-related financial risks are systemic financial risks

Photo by Maxim Hopman on Unsplash “Climate change poses significant risks to the financial system.” – Michael J. Hsu, Acting Comptroller of the Currency, Office of the Comptroller of the Currency, November 8, 2022 We said the same thing. This is why, in September 2021, we sent a letter to …

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Black women say goodbye to work and hello to their own businesses | Business

KKnown as “The Cookie Lady” around Washington DC, Lacey Fisher is famous for her British and German inspired liquor confections. Fisher started Cookie Lane during the 2008 economic crisis, after being laid off from four different jobs as a mortgage checker. “I used up my six months of savings and …

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Federal Reserve Seeks Comments on Draft Insurance Business Supervision – Insurance

United States: Federal Reserve seeks comments on proposed insurance business oversight February 02, 2022 Cadwalader, Wickersham & Taft LLP To print this article, all you need to do is be registered or log in to Mondaq.com. The Federal Reserve Board (“FRB”) has invited comments on proposed guidance …

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Real-time payment capability is a deciding factor when businesses choose a bank

PROVIDENCE, RI–(BUSINESS WIRE)–Eighty-five percent of business leaders say the most important factor when choosing a banking partner is whether the financial institution offers real-time payment (RTP) capabilities, according to Citizens’ annual Payments and Cash Survey. In the national survey of 260 business decision makers, the ability to offer RTP, the …

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Business in brief, January 30, 2022

THOMASTON — Thomaston Savings Bank employees Whitney Cadett, vice president, head of marketing, and Kelly Crone, vice president, head of residential mortgages, have been named New Leaders in Banking by the Connecticut Bankers Association. They were recognized at a special reception at BankWorld 2022, held at Mohegan Sun Resort and …

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REVISIT THE SACCOS SYSTEM TO SUSTAINABLY UPDATE IT

By The Citizen Reporter Last Friday (January 7, 2022), we published in these pages a somewhat puzzling report on microfinance in Tanzania. Entitled “Number of Saccos Declines in Latest BoT Record,” the report noted that many microfinance companies in the country operating in the manner and style of Cooperative Savings …

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FTC’s Amended Safeguard Rule Imposes Significant Requirements on Covered Entities

On October 27, 2021, the Federal Trade Commission (“FTC”) announced further updates to the Gramm-Leach-Bliley Act (“GLBA”) by changing standards for protecting customer information, known as of a “Saving Rule”, and by issuing a Final Rule (the “Final Rule”). The Safeguard Rule is designed to protect the security and integrity …

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Unity Bank targets women’s financial inclusion campaign

James emejo Nigeria’s retail lender Unity Bank Plc launched the Yanga Account, a new retail product designed to deepen the beneficial impact on micro-small and medium-sized enterprises, women-run MSMEs in the space mass market retail. This decision demonstrates its increased commitment to promote financial inclusion and empower women. Speaking at …

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Keep up to date with new information – Film Daily

Bitcoin is a well-planned digital currency that is experiencing tremendous growth, and in recent years decentralized Bitcoin has generated the highest ranking. Bitcoin is used for anonymous payments without a bank account. Meanwhile, users are transferring thousands of dollars with the Bitcoin wallet, which can store coins and is better …

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21st Century People Bring Out Overrated Savings Because of Bitcoin – Film Daily

No one is unaware of cryptocurrencies and their growth over time. To buy a cryptocurrency with the highest market value and important reasons, it is necessary. Today we are going to talk about cryptocurrency, which has been in the headlines since mid-April. In April 2021, he records that the value …

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Karnataka CM plans to create an exclusive financial institution for women entrepreneurs

Karnataka Chief Minister Basavaraj Bommai said on Thursday that the state government was discussing with the finance ministry the establishment of a financial institution exclusively for women entrepreneurs that would meet the needs of the women of Sthree Shakthi Sanghas in villages with great women entrepreneurs. Addressing the inaugural ceremony …

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Behavox Professional Services Team Wins “Most Innovative Technology Partnership with Financial Institution” at First Canadian RegTech Awards

News and research before you hear about it on CNBC et al. Claim your 1-week free trial for Street Insider Premium here. NEW YORK – (BUSINESS WIRE) – Behavox, which provides information to protect businesses and their employees from illegal, immoral and malicious behavior, won a joint award with TD …

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Connexus Credit Union Review: No Fee High Yield Checking Account

The bottom line: Connexus Credit Union is featured in our guide to the best credit unions. It’s a great choice if you want to bank with a credit union online, and they pay competitive interest rates on their accounts. Overall credit union rating Advantages and disadvantages Savings Annual percentage return …

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Robots bankers to the rescue

Opinion Most Canadians do not know the name of their bank teller. Heck, they probably haven’t seen one in years. Still, millions of people are likely to be more familiar with a digitized version. This robot banker is called “NOMI” – the artificially intelligent assistant to RBC clients. Canada’s largest …

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Four key physical security measures for financial institutions to protect themselves from cybercrime

HANWHA TECHWIN AMERICA SPONSORED CONTENT By David Uberig, Director of Business, Banking and Financial Development at Hanwha Techwin According to a recent study by BAE Systems Applied Intelligence, three-quarters (74%) of financial institutions have experienced an increase in cybercrime since the start of the pandemic. Despite having top-notch security, financial …

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Depositors remain wary of risk

Depositors remain wary of risk Reducing coverage likely won’t help funds The outlook for the mutual fund industry remains good, but less cash is expected to flow in that direction after bank deposit protection is reduced to 1 million baht, as most depositors prefer low-risk investments, said said Vasin, president …

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Tranglo obtains new payment licenses

The Tranglo cross-border payment center has received new payment functions from the Monetary Authority of Singapore (MAS), the company said in an announcement on Monday (August 9th). The approvals will enable the company to provide account issuance, domestic money transfer and e-money issuance services. The MAS operates under the Payment …

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Cirrus Changes Company Brand with User Interface Messaging Improvements and Smart App ™ to Streamline Customer Onboarding Process

EVERGREEN, Colorado – (COMMERCIAL THREAD) –Cirrus, a provider of cloud-based document management software, has completed a massive rebranding effort in response to the accelerated growth of the business and the industry’s need for adaptive software to streamline lending processes and integration. Coinciding with the unveiling of the new brand, Cirrus …

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How much money should you keep at home?

Physical money becomes less relevant as money management goes digital, but there is still a need to have a reasonable amount of money at home in an emergency. Here is more information on how much money you should keep in the house, the risks involved, and how to keep your …

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Fight bank fraud with Active Defense

How a new strategy gives banks the upper hand over bad actors by increasing the cost and complexity of online fraud The cat-and-mouse game between banks and bad actors is finally about to change for good. Financial institutions have historically been left behind in the fight against fraud, mostly left …

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What do you need to open a business bank account?

As a small business owner, it is important to separate your business and personal banking operations so that you can monitor the profitability of your business and avoid mixing up transactions. With a corporate bank account, you can help protect yourself and your business. Before opening one, make sure you …

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Wagely, an Indonesian platform for access to salaries and financial services, raises $ 5.6 million – TechCrunch – Bestgamingpro

Wagely founders (left to right): Tobias Fischer, Sasanadi Ruka and Kevin Hausburg Earned Payroll Entry (EWA) platforms that allow employees to withdraw their earnings on demand instead of payday are mushrooming around the world. At that time, the Indonesian startup EWA employee announced that it has raised $ 5.6 million …

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How to become the bank of choice for your clients

Before the dawn of digital banking, customers were limited to certain banks due to their proximity to physical branches or the location of ATMs. Today, they have thousands of financial institutions and banking services at their fingertips, making it easy for them to select the best bank for different products. …

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How to choose a bank

Choosing a financial institution to take care of your money is one of the most important financial decisions you can make. Different banks offer very different levels of service, charge different levels of fees, and will pay you very different amounts of interest on your money. In practice, this means …

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Unsecured loans: all you need to know

Find out what makes unsecured loans different. (iStock) Sometimes you need a little extra cash to make that big purchase, supplement your income for daily needs, consolidate your debt or help pay for your education. If you are planning to get a loan that does not require any collateral, now …

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Reality Star, engineer accused of PPP fraud

A reality TV personality and an engineer from Texas are among the latest people charged by federal authorities with Paycheck Protection Program (PPP) fraud. A star on the show Love and hip-hop: Atlanta, Maurice Fayne, aka Arkansas Mo, 37, of Dacula, GA, is charged with bank fraud on a PPP …

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