Tag Archives: covid pandemic

Scotiabank reports digital progress amid covid pandemic

News Clint Chan Tack Just now Gayle Pazos, Managing Director of Scotiabank TT. PHOTO COURTESY OF SCOTIABANK – SCOTIABANK TT Ltd has made several strides in digital transformation during the covid19 pandemic. Chief Executive Gayle Pazos provided an update on the bank’s digital transformation initiatives at its virtual 52nd Annual …

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Eradicate corruption within public enterprises

Jakarta, Indonesia, February 28, 2022 /PRNewswire/ — In October 2021former Garuda Indonesia commissioner Peter Ghonta resolved various simmering issues in the company. Gontha urged the Department of State Enterprises (SOE) to dismantle previous cases of alleged corruption within the company related to aircraft leasing. He cited issues with the company’s …

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Ranked: 10 “Most Dangerous” Mobile Banking Trojans of 2021 and How They Can Steal Your Money

Banking Trojans have increased in 2021. As most of us have been forced to use contactless digital payments due to the Covid-19 pandemic, cybercriminals have seen this as an opportunity to trick people by through banking Trojans. For those unaware, a Trojan is a type of malicious code or software …

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About 8 in 10 Indians use mobile banking apps during COVID-19 pandemic: Report

According to a new report, more than eight in ten Indians with a bank account in metropolitan cities are now using mobile banking apps which have seen an increase amid the COVID-19 pandemic. Mobile banking apps are the most popular banking channel in Asia, with 83% of metropolitan Indians and …

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SafeBoda is betting on a super app to boost recovery after the pandemic crisis – TechCrunch

Powered by 25,000 motorcycle taxis at the start of 2020, Safeboda was at its peak, transporting thousands of passenger passengers to cities in Uganda and Nigeria. And then the covid pandemic hit, throwing everything into a spin. Containment measures such as work-from-home directives have led to a slump in business, …

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Elm Co. shares rise more than 50% after debuting on the market yesterday

A report by Jadwa Investment predicts strong levels of economic growth in Saudi Arabia as uncertainties and restrictions surrounding the Covid pandemic ease. The report on the Saudi economy in 2022 forecasts an overall GDP growth of 7.7% in 2022. Given the strong demand for oil triggered by a continued …

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Digital Payments Technology Serving Next Generation Consumers Worldwide

Today’s fintech and digital payment solutions are at the forefront of consumer empowerment. Gone are the days of having to stand in line to wait for a bank teller. With the growth of fintech and digital payment platforms, consumers have a wide range of financial services at their fingertips, anytime …

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China extends its evil tentacles to India, Nepal and Bangladesh as massive financial fraud comes to light

OPED By Vaishali Basu Sharma Since the Covid-19 pandemic, China has been trying to present itself as a reliable partner for economic recovery. But much like China’s vaccines that have raised questions about their effectiveness, the country’s partnership in economic recovery comes with waste, fraud and political manipulation. Furthermore, Beijing …

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Prakasam cops arrest wanted fraudster in AP&TS

Claw: Ongole Rural Police have arrested a man who has been deceiving people for more than a decade and who is wanted in both AP and Telangana. Giving details of the case, District SP Malika Garg told media that the man, identified as Potluri Sribala Vamsikrishna, was from Ashok Nagar …

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A couple made nearly $120,000 in 6 hours selling NFTs

After Thorne Melcher lost his job as a software engineer in February, the bills started piling up. His girlfriend, Mandy Musselwhite, was able to cover some expenses by selling his artwork, but the couple soon fell behind on their mortgage payments. Melcher and Musselwhite own a farm outside of Atlanta. …

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DOLE opens application for P5K cash assistance to Ilocos workers

PNA File Photo CITY OF SAN FERNANDO, La Union – The Department of Labor and Employment (DOLE) is now accepting applications from displaced or laid-off private sector workers in the Ilocos region for one-time financial assistance from the national government. In a phone interview on Monday, DOLE 1 (Ilocos) Chief …

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Online government services: who benefits and who suffers?

A new Executive Decree Bring more digital services online in an effort to streamline the way people access them. But some experts warn the move could create problems for impoverished and other disadvantaged communities. Last month, 17 government agencies were asked to “modernize” the way they deliver dozens of essential …

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Dealing with ethical challenges remains key to advancing facial recognition technology

Through Cary Springfield, International Banker This article originally appeared in the Fall / November 2021 edition of International Banker In June, European privacy supervisors, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS), joined forces to call for a ban on use of facial recognition technology …

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Mobile banking usage increased to over 34% in 2021, Central Bank of Kenya says

The covid 19 pandemic increased the use of mobile banking services in Kenya from 25.3% in 2019 to 34.4% in 2021. This is indicated by a survey report by the Central Bank of Kenya (CBK) in collaboration with the Kenya National Bureau of Statistics (KNBS) and the Financial Sector Deepening …

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5 digital services that have changed the face of banking

Banks have always been at the forefront of the digital revolution. Internet banking services became a reality as early as the 1990s. Mobile banking was possible in the early 2000s. The past two decades have seen several digital innovations that have made banking services more accessible to customers. Fintech applications …

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Netstars Vietnam partners with M-service to promote cashless payment for TeteShop users

Netstars Vietnam will cooperate with Mobile Online Services JSC (M service) to provide grocery stores with online and offline payment solutions. The collaboration agreement signed by Netstars Vietnam Co., Lt (Netstars Vietnam), a member of the multinational fintech startup Netstars, and M service, a leading fintech company that operates the …

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Increased FinTech-Bank Partnerships Will Benefit Small Businesses in 2022

Financial technology (FinTech) is reshaping the banking world, and that’s a good thing for banks themselves and for small business owners looking for capital in 2022. By nature, FinTechs have been a disruptive force within the banking industry, which has long resisted change. But while banks frequently saw FinTech as …

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CURO completes the acquisition of Heights Finance

WICHITA, Kansas, December 28, 2021– (COMMERCIAL THREAD) – CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a technology-based omnichannel consumer finance company serving unprivileged and privileged consumers in the United States and Canada, today announced that it has completed its previously announced the acquisition of Heights Finance, a consumer finance company …

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Sbi, Kotak Bank, Bharti Airtel, Allcargo Logistics, Power Grid, Tejas Networks, etc.

The fast-spreading Omicron has raised concerns about the struggling economic recovery. In addition, several Indian states have imposed nighttime curfews and restrictions in an attempt to contain the spread of the new variant of the coronavirus, fueling investor concerns. This has increased the nervousness and volatility of the stock markets …

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Over 60% of loans came from NBFCs

The Covid pandemic has forced people of all age groups to rely on digital platforms for various activities. Whether it is banking or buying groceries, more and more people are gradually turning to online fashions. Although there has been a surge in various banking activities, digital lending applications have grown …

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5 things to know Tuesday

Fed could take action to bring inflation under control The Federal Reserve has kept its short-term policy rate close to zero since the COVID-19 pandemic triggered a deep recession in March 2020. But with inflation peaking in 39 years, these days of almost free money are probably coming to an …

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5 foodservice tech trends here to stay in 2022

Take a look at five technologies that will still be needed in 2022. Keeping customers happy using the latest technology is important for any hospitality business, especially for restaurants struggling to maintain a competitive edge. Customers and employees alike expect integrated and transparent experiences, which often require investing in the …

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Biz2Credit: digitally transformed loans – The Financial Express

(LR) Co-founders of Biz2Credit Rohit Arora (CEO) and Ramit Arora (president) BIZ2X is a rapidly growing digital lending platform, enabling financial providers to drive growth with a modern omnichannel experience and advanced risk management tools. Biz2Credit, the company behind this platform, partners with financial institutions to support their digital transformation …

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Covid woes and supply chain issues among FTSE reshuffle drivers

The quarterly review of the FTSE All Share index is based on today’s closing prices and is due to be announced on Wednesday, December 1, with changes taking effect after the close on Friday, December 17. – A sparkling performance of Electrical components pushes it into a privileged position to …

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BBB warns of the “12 Christmas scams”

MONTGOMERY, Alabama (WSFA) – The holiday season has officially arrived and the Better Business Bureau is warning people to be aware of scammers looking to cash in on Christmas. The BBB has published its naughty list: the “12 Christmas scams”. On the BBB’s naughty list is: Deceptive Social Media Ads: …

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Bringing Fast and Affordable Internet to Africa

The COVID-19 pandemic has dramatically increased people’s dependence on the internet. In one part of the world, school and doctor visits have moved online, businesses have moved to telecommuting, and friends and family have met virtually. Yet in Africa, only a fifth of the population, or 22%, has access to …

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AdCellerant Ranked 472nd Fastest Growing Company in North America in 2021 Deloitte Technology Fast 500 ™ Ranking

Attributes 231% revenue growth to proprietary marketing technology for helping businesses succeed. DENVER, November 17, 2021 / PRNewswire / – AdCellerant today announced that it ranks 472nd on the Deloitte Fast 500 technology™, a ranking of the 500 fastest growing technology companies North America, up 231% during this period. (PRNewsfoto …

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Kenya: Covid-19 pandemic leads to increased use of digital health tools

The challenges posed by the Covid-19 pandemic have accelerated the creation, testing and adoption of digital health solutions in Africa, data from a recent study shows. The survey, Meeting In The Middle, conducted by Vodafone, Vodacom, Safaricom and Caribou Digital reveals that 41% of Internet users in Africa regularly use …

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Information armament in China

By Colonel R Hariharan In the biggest cleanup since Covid-19 was brought under control, China recently launched a multi-pronged regulatory crackdown on a wide range of industries, raising many uncertainties. It can be interpreted as the Chinese Communist Party (CCP) in President Xi Jinping’s way of reminding tech giants and …

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OCBC Bank continues to hire despite tough times

KUALA LUMPUR: OCBC Bank (M) Bhd is strengthening its workforce with the hiring of more talent at all levels despite the Covid-19 pandemic. The increases are primarily in business and personal banking, compliance and technology. As one of the country’s leading foreign banks, OCBC has no plans to downsize or …

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Brink’s, G4S, GardaWorld, Loomis, Prosegur – Chip Design Magazine

An overview of the cash logistics market will help you provide scope and definitions, key findings, growth drivers, and a variety of dynamics. Global Cash Logistics Market focus on covering key statistical evidence of Cash Logistics industry. It’s about adding value to our readers as a guide to market obstacles. …

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The three Smak restaurants closed in Vancouver

While restaurants have faced neighborhood crime, staff issues and skyrocketing costs, it was the pandemic that changed everything. An innovative local restaurant company focused on providing Vancouver office residents with a healthy, sustainable take-out fare has closed its three locations, citing numerous reasons related to the coronavirus pandemic and inaction …

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Seattle residents could claim up to $ 3,000 in direct payments for COVID-19 relief

Eligible Seattleites can request one-time direct cash payments of up to $ 3,000 until 11:59 p.m. on November 15. Editor’s Note: The video above on small business grants originally aired on July 7, 2021. SEATTLE – The city of Seattle has organized its own relief fund for low-income residents struggling …

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Here’s why I just bought more Zoom shares

Focus on video communications (NASDAQ: ZM) has been one of the main beneficiaries of the COVID-19 pandemic in terms of positive impact on its business. And although the world is starting to get back to normal, one of our Fool.com contributors decided to add to their position. In this fool …

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PH leads digital payment adoption in Asia-Pacific

THE Philippines recorded the highest percentage of new digital payment users at 37% among Asia-Pacific (Apac) respondents during the Covid-19 pandemic, according to the recent Kaspersky study. Entitled “Mapping a Secure Path for the Future of Digital Payments in Apac,” Kaspersky Study Finds Wallet and Mobile Banking Adoption Closely Tracking …

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Nationwide inflation is pushing up prices and shattering confidence in Tennessee

The widespread and prolonged reach of the economic impacts of the COVID-19 pandemic continues to surprise even the most seasoned observers. A surge in summer inflation pushed consumer goods prices up beyond expectations until the fall, when pandemic-influenced inflation was expected to decline. It has touched everything from appliances, cars …

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This Motilal Oswal-backed startup plans to issue one million credit cards over the next 150 days, leveraging its $ 2 billion loan portfolio.

It only took 60 days for digital lending startup KreditBee to issue 100,000 credit-based payment cards. The company says its $ 2 billion loan portfolio with 5.5 million users has set the pace for that growth. KreditBee claims that the trigger for this card was the spending habits of its …

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Goldman Sachs chief insists bank can close valuation gap with rivals

Goldman Sachs chief executive David Solomon insisted the bank can persuade investors to place a higher value on its shares, although he warned that it could take time and the company to Wall Street will not always perform as strongly as it did in its last quarter of eruption. In …

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Unveiling the Benefits, Challenges and Prospects of Open Banking – Blueprint Newspapers Limited

Dr Adesola Kazeem Adeduntan, Managing Director and CEO of First Bank Ahead of the first Bank Fintech Summit 5.0 coming Thursday and on the theme “Open banking and its derivative opportunities for the financial ecosystem”, AMAKA IFEAKANDU examines some of the advantages, challenges and prospects of open banking in Nigeria. …

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Capitec shows excellent results

Capitec Bank Holdings increased its earnings per share by 513% to 3,447 cents in the six months leading up to August 31 and shareholders will no doubt be applauding the declaration of a dividend of R 12 per share as no interim dividend has been made. declared last year. Managing …

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Money transfers and consumption during the COVID-19 pandemic

Impact of cash transfers on consumption during the COVID-19 pandemic: evidence from Japanese special cash payments During the rapid spread of COVID-19 in Japan, the Japanese government decided to provide a special cash payment (SCP) of 100,000 yen per person to all residents as part of “Emergency Economic Measures to …

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Veterans Bank Holds Virtual Annual Meeting of Shareholders and Election to Board of Directors

MAKATI CITY – Amid the continuing threat of the covid19 pandemic in 2021, the Philippine Veterans Bank has once again held its annual meeting of shareholders virtually in compliance with government guidelines and health protocols. This year’s shareholders meeting brought together around 500 shareholders and their heirs. The election of …

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Thai authorities crack down on fraudulent texts on gambling and loans

Miss Rachada said the government is responding to complaints from the public about the dissemination of text messages sent to cellphone users by unknown senders, with links to gambling, scam or pornographic websites. The Ministry of Digital Economy and Society, the telecommunications regulator and the police are now cracking down …

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Feds in Mobile Charges Another Criminal Convicted of Defrauding Paycheck Protection Program | Mobile County Alabama News

MOBILE, Ala (WALA) – Federal fraud investigation against government COVID-19 assistance programs widens, with charges against convicted felon accused of pretending to run a business during a period he was in jail. An affidavit filed by a Small Business Administration criminal investigator accuses Leroy Vidal Jackson of filing a false …

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Citi named best corporate / institutional digital bank in Jamaica

Citi was recognized as the best corporate / institutional digital bank in Jamaica by Global Finance magazine in the 22sd annual competition “World’s Best Business Banks / Digital Institutions in Latin America”. This is the second year in a row that Citi Jamaica has been recognized as the best digital …

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Ankara struggles to control inflation rhetoric as Turkish distrust grows

Shortly after a small group of Turkish academics began publishing their findings on inflation late last year, their data began to reflect what many Turks already suspected: prices were rising two times faster than the government claimed. Ankara’s backlash was swift. In February, the Turkish National Institute of Statistics (TurkStat) …

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2021 Cash Deposit Machine Market with Pre-Post COVID-19 Impact Analysis by Product (Onsite Cash Deposit Machine, Offsite Cash Deposit Machine); By application (private bank, state bank)

Global Cash Deposit Machine Market Shows Sustained Growth Amid COVID-19 Pandemic Crisis The report on the global ATM machine market provides information on the latest developments and innovative strategies adapted by the competitive players around the world. The report also covers the latest news from the Money Deposit Machine market …

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UK MarketFinance Secures $ 383 Million To Power Its SME Online Lending Platform – TechCrunch

Small and medium-sized businesses regularly face cash flow problems. But while this is an already embarrassing situation, it has been exacerbated to the breaking point for too many people during the COVID-19 pandemic. Now a British startup called MarketFinance – which has set up a lending platform to help SMEs …

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Explained: Importance of Financial Literacy After the Covid-19 Pandemic

With the looming third wave of Covid-19 looming, India could face new challenges, unimaginable until a year ago. For something that started out as a new health threat, the novel coronavirus pandemic has turned into a larger crisis, affecting not only our physical and mental well-being, but our financial health …

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The future of money and financial services

The alert I just heard turned out to be from Finn, my personal financial AI robot in the cloud. I realized he knows where I am via the mobile network. He also knows I’m about to take a break here at Ericsson and takes this opportunity to get my attention. …

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Some Albertans who should have qualified for emergency isolation money were turned down, ombudsman says

Alberta’s emergency segregation support program was inconsistent and unfair to some applicants, the province’s ombudsman found. The program, which gave $ 1,146 in emergency cash to people who had to self-isolate during the onset of the pandemic, rejected some requests without explanation, Ombudsman Marianne Ryan said. People who needed to …

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Buy Now Pay Later Platforms are everywhere; PayPal may offer stock trading

Claim Stock Skyrocket 40% on News Amazon Partners with Buy Now, Pay Later Fintech Company Affirm shares jumped 40% in the after-hours session on Friday after the financial technology company said it had partnered with Amazon to allow an after-hours payment option at checkout from Amazon. Some Amazon customers will …

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Arizona schools inundated with federal virus money, some inundated

School boards grapple with the problem of mask use As the controversy surrounding mask use requirements on school grounds continues, school board members are feeling the heat. FOX 10’s Matt Galka reports. PHOENIX (AP) – Arizona K-12 schools have received nearly $ 4.3 billion through several federal coronavirus relief programs, …

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Minister of Finance unveils 4th edition of public sector banking reform program – EASE 4.0 in Mumbai

The Minister of Finance and Union Affairs, Nirmala Sitharaman, today unveiled the fourth edition of the Public Sector Bank (PSB) reform program “EASE 4.0” for 2021-2022 – a technology bank, simplified and collaborative. She unveiled the annual report of the PSB EASE 3.0 reform program for 2020-2021 and participated in …

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The agent bank makes the rural economy dynamic

Md. Shahnawaz, who lives in the remote village of Motiganj under the Sonagazi Upazila of Feni district, got into trouble when his expatriate friend from Oman asked him to send Taka 1,15,000 at the earliest. However, he was able to send the money on short notice and at low cost …

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Housing and Development Bank Achieves 10.8% PBT Growth to EGP 1.45 Billion in H1 2021

The Housing and Development Bank (HDB) achieved a profit before tax (PBT) of EGP 1.45 billion in the first half (S1) of this year, compared to EGP 1.309 billion in H1 2020, an increase of 141 M EGP (10.8%), according to the president and general manager of HDB Hassan Ghanem. …

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Vietnam becomes Southeast Asia’s next fintech battleground

For Vietnamese fintech startup MoMo, the key to winning the battle against Grab, Sea and other rivals for the country’s 100 million consumers may be a simple cup of coffee. Ahead of Vietnam’s latest COVID lockdown, the Ho Chi Minh City-based company ran promotions with some of the country’s biggest …

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What you need to know: NPR

A man walks through a single-family home neighborhood in Los Angeles last week. The CDC announced a new temporary deportation ban a few days after the previous one expired. Frédéric J. Brown / AFP via Getty Images hide caption toggle legend Frédéric J. Brown / AFP via Getty Images A …

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Alabama Counties Call for Rule Change for Use of Federal COVID Funds

Alabama counties are asking the US Treasury Department to allow a second way to calculate lost tax revenue caused by the COVID-19 pandemic, an option they say is necessary to effectively use the federal funds in the country. American rescue plan. Sonny Brasfield, executive director of the Association of County …

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Netflix says subscriber gains won’t rebound as fast as Wall Street wants, stocks fall

Shares of Netflix Inc. fell after-hours on Tuesday, after the streaming service revealed its worst quarter yet for adding new subscribers and said the current quarter would have fewer additions than Wall Street hadn’t foreseen it. The NFLX video streaming giant, -0.23% Tuesday reported 1.54 million new net paying subscribers …

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QIB awarded Islamic Bank of the Year in Qatar and UK

(MENAFN – The Peninsula) The Peninsula Doha: Qatar Islamic Bank (QIB) received the prestigious “Islamic Bank of the Year in Qatar” award for the 9th consecutive year and “Islamic Bank of the Year in UK” at the Islamic Bank of year 2021 of Banker Magazine. The two prestigious titles were …

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Five security tips to follow in digital payment transactions

The advent of technology has triggered an evolution in various industries. The digital payments segment is no exception. Although digital payments are not an entirely new concept, the Covid-19 pandemic has accelerated the adoption of payment methods such as UPI (Unified Payment Interface), credit / debit cards, banking services. mobiles, …

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How technology can help lift small farmers out of poverty

The world produces enough food to feed every individual, but nearly 690 million people continue to be hungry. The irony is that many of those who are undernourished spend their days growing food for others. Small farmers, who cultivate less than 5 acres of land, constitute a large part of …

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Why are Singapore property prices returning to pre-Covid-19 levels so quickly? , Money News

There has been a recent buzz on a report by Colliers, forecasting a return to pre-Covid-19 levels for Singapore property. Before you get too excited, it’s not specific to Singapore’s residential real estate scene only; the forecast is based on real estate investment in all segments, including commercial real estate. …

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The state has emergency liquidity available, depending on income

Dave Haviland / The Everyday World Starting this week, Washington residents can once again apply for emergency cash assistance from the state Department of Health and Human Services to meet their immediate needs. The department said Monday it had received additional funding and a new order from Governor Inslee to …

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Postal banking would help underserved communities and shore up struggling USPS, lawmakers say – The Legislative Gazette

Photo provided by the office of Senator Gillibrand US Senators Kirsten Gillibrand (D-NY), on the podium, and Bernie Sanders (I-VT), and US Representatives Alexandria Ocasio-Cortez (D-NY), Bill Pascrell (D-NJ) and Marcy Kaptur (D- OH)) called on Congress to implement pilot postal banking programs in rural and urban communities across the …

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Digital money lending apps pushing young people into depression – Kenya News Agency

Lending digital money via mobile phones is a time bomb that is plunging many young people across the country into depression. So easily accessible and addicting, just last year, sources said Kenyans borrowed nearly 1.2 billion shillings per day in mobile loans, signaling a growing reliance on debt that increased …

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Deutsche Telekom invests in blockchain payment platform Celo

The headquarters of German telecommunications giant Deutsche Telekom in Bonn, Germany. Andreas Rentz | Getty Images Deutsche Telekom has invested in Celo, a blockchain payment platform that provides mobile phone access to “decentralized funding” projects that allow users to bypass traditional financial firms, the company said on Tuesday. He did …

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RCBC provides SSS loans, benefits and assistance to OFWs through DiskarTech app

The Rizal Commercial Banking Corporation (RCBC) continues to promote financial inclusion by strengthening its partnerships with various government institutions. Members of the Social Security System (SSS) can now benefit from convenient cash disbursements through the bank’s online platforms. RCBC, owned by Yuchengco, has strengthened its partnership with the government pension …

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How smartphones have influenced our financial habits

Smartphones have not only changed the way we communicate, but they have also changed the way we manage our finances. Whether it’s doing your banking transactions or planning your budget, the impact of smartphones on financing today is hard to ignore. In a society where having our small handheld computers …

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Why Coty Stock Skyrocketed Last Month | Zoom Fintech

What happened Actions of Coty (NYSE: COTY) jumped on a rocket last month as the cosmetics maker’s stock surged to a better-than-expected earnings report, demonstrating traction in its turnaround efforts. An announcement of the sale of his qualified hair care business Wella to KKR also helped increase buyer’s discretionary stock. …

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Amex introduces cell phone protection for select cardholders – Forbes Advisor

Editorial Note: Forbes may charge a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. Getty Since the start of the Covid-19 pandemic, we have seen banks pivot to deliver more value to their credit card holders. …

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