Tag Archives: financial institutions

The gender gap in financing is costing Africa $95 billion a year

Women entrepreneurs and business owners play a vital role in economies across Africa. Yet many women are excluded from the industry due to barriers that make it difficult to access credit and financial services. Many barriers, poverty, discrimination, lack of institutional support and outdated gender norms contribute to the $42 …

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What do you want to know

If you’ve ever applied for a home loan, car loan, or even a cell phone contract, you’ll know that credit scores matter. They play an important role in obtaining loans, and the interest rate of these loans will. But does a low credit score affect your insurance premium? And if …

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FinTech M-KOPA raises $75 million to expand its platform

African FinTech start-up M-KOPA raised $75m in growth round to expand its financial services platform for the underbanked in other countries beyond its current operations in Kenya, Uganda, Nigeria and in Ghana. The new capital will also be used to help M-KOPA expand beyond asset financing by developing other products …

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Global Mobile Payments Markets, 2022-2027 – Majority of the industry, by volume and value, is located in Asia-Pacific – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “mobile payments market by technology (SMS, beacon, NFC), location (proximity and remote), device (smartphone, wearable, implantable, other), type of user (banked, unbanked and under- banked) and solutions 2022 – The 2027 report” has been added to from ResearchAndMarkets.com offer. This report assesses the top mobile payment companies, their …

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Security, the key to trust for the adoption of the open banking system

Americans have opened new accounts, taken out additional loans, and carried over balances over the past year, and many have shown a preference for managing it all digitally. But they remain concerned about cybersecurity – and the real risk of sharing their financial data across multiple digital channels. “Over the …

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Payrailz delivers smarter, faster payments through Alkami’s digital banking platform

GLASTONBURY, Conn.–(BUSINESS WIRE)–Payrailz®, a digital payments company delivering smarter, more engaging payment experiences to banks and credit unions across the United States, announced that its payment services will be now available via the Alkami platform. Through this partnership, financial institutions on the Alkami platform will now be able to deliver …

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How to compare and apply for a personal loan online – Forbes Advisor INDIA

Nowadays, people are increasingly meeting their short term monetary needs by using low cost credit facilities, mainly personal loans. The transformational change in the banking and lending systems has greatly benefited consumers as well as financial institutions. Consumers have won because it allows them to borrow money easily and quickly; …

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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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The Brick Closes $8.5M Seed to Enable Open Funding Across Southeast Asia – TechCrunch

Financial apps are proliferating across Southeast Asia, making it easier to keep books or get a loan online. But that means fintechs need access to large amounts of data that they can use to verify customer identities, creditworthiness, or aggregate online account information. Brick wants to simplify the process with …

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Improving the financial health of those who need it most

Over the past decade, the stock market has climbed higher and higher, breaking records and fattening the investment accounts of many Americans. But stunning annual returns don’t necessarily translate to financial stability. In fact, more than half of Americans are on the brink of financial abyss: 56% say they don’t …

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Bank of America Community Development Banking Provides Record $6.6 Billion in Loans and Investments in 2021

“The need for affordable housing in communities across the United States has continued to grow during the pandemic, and our Community Development Banking team has been there to serve customers during these most uncertain times,” said Maria Barry, National Community Development Bank Executive at Bank of America. “We remain true …

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How to protect your financial information

Data breaches hit an all-time high last year, which means the risk of having your personal information stolen is also increasing. According to IBM’s annual global study, the average data breach costs businesses $4.24 million. This is the highest in the 17-year history of IBM’s report. This research and similar …

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The impact of the metaverse on financial services

Through Matthew Williamson, Vice President of Global Financial Services, Mobiquity Define the metaverse Before discussing the potential of the metaverse to permeate traditional industries, including finance, one must first establish a basic understanding of what the metaverse is. The metaverse can be understood as an innovative way for people to …

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Here are all the announcements related to the banking sector

More lines of credit for small businesses, the introduction of central bank digital currency, the push for digital banking and amendments to strengthen bankruptcy law were among the main areas of focus for the sector. banking in this year’s EU budget. Here are all the banking and financial announcements made …

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Thai banks use digitalization to evolve into various value-oriented organizations – OpenGov Asia

The Thai government is seizing the opportunities offered by digital technology to improve the lives of citizens and increase the country’s economic competitiveness regionally and globally. Through the national “Thailand 4.0” strategy which includes major investments in digital infrastructure, big data platform and analytics for education, health and agriculture, as …

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Survey shows transformation of retail banking businesses and customers

Nearly three-quarters of consumers and businesses in Greater Boston said the pandemic has permanently changed the way they interact with financial institutions, according to a recent Citizens Bank survey. Citizens found that 90% of consumers and 86% of businesses in the bank’s US footprint use digital banking channels. In July …

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Forbes India – Finance, MSMEs: Fintech innovation laid the foundation for branchless banking: Suhail Sameer of BharatPe

Products such as “buy now, pay later” have moved to the e-commerce space Image: Shailesh Andrade/Reuters Jhe last decade has been driven by the Internet, technological innovation and the rise of smartphones. This facilitated the rise of real-time communication and, in turn, the world transformed into a mega-market, with billions …

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$ 2 trillion cryptocurrency market sparks investor interest and scrutiny from U.S. regulators

[ad_1] They are not. And that makes it a challenge for US financial regulators. The oversight of cryptocurrencies, which began in 2009, is patchy. Regulators in the Biden administration are scrambling to clarify the rules for a market that has roughly tripled in value in 2021 to over $ 2 …

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Get out of this debt trap!

[ad_1] ILLUSTRATION BY ALBERT G. RODRIGUEZ Filipinos took on more debt in 2021. What’s worse is that in true Filipino style, these types of debt carry massive, hidden, compound interest at 3% per day. Some online lenders harass those who are unable to pay; they are selling borrower information and …

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Everything You Need To Know About The Best Business Loans For Veterans – Forbes Advisor

[ad_1] Traditional financial institutions such as banks and credit unions can provide small business loans as well as financial products for veterans. That said, qualifying veteran-owned businesses can borrow funds from a number of other sources as well. Online loans Online business loans are a common source of funds for …

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CFOs: liquidity, cash management, a major challenge

[ad_1] Times are tough for CFOs and other finance professionals. The unpredictable economic impacts triggered by the pandemic have significantly complicated the task of managing cash flow and working capital. To cite a few examples, manufacturers have had to quickly build relationships with new suppliers and shipping lines, financial institutions …

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Biz2Credit: digitally transformed loans – The Financial Express

[ad_1] (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 …

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Days After Its IPO, Investors Still Questioning Paytm’s Valuations | Business and Economy News

Over the weekend, Paytm’s parent company reported its first financial results as a state-owned company and saw its losses increase. Senior executives at Paytm in India spent 90 minutes on a call with investors and analysts on Saturday trying to persuade them of the promise of the digital payments giant’s …

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Kevin Greenard: Investing Yourself – 10 Common Mistakes

Although trading platforms have gotten easier and news has multiplied, money management has never been so difficult. The advantage of self-investing is that you reduce transaction costs for executing trades to a minimum. There is a lot of free financial advice on the web that can help you make decisions …

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Best practices for a safer adoption of open banking

[ad_1] Article by IAM Consumer Authentication Solutions, Edwardcher Monreal, HID Global Security and Technology Evangelist. Asia-Pacific is a leader in open banking, thanks to the region’s vast digital ecosystems and a willingness to share data. Financial institutions and technology companies have developed an infrastructure for sharing data, and adoption rates …

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Is Greta Thunberg fueling real momentum on climate change?

And that’s the point. The suffocating and terrible fear of the COP organizers at the UN and the UK was that it would fail hard and quickly. There was a real chance that that and not only because of the pandemic and the fracturing of the mesh of international relations …

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The volume of SAR mobile payments in January-September has already doubled compared to the whole of 2020

[ad_1] Mobile payment transaction volume reached MOP 12.7 billion (US $ 1.5 billion) in the first three quarters of this year, triple the amount reported in the same period last year and already double the amount recorded for all of 2020, according to data provided by the Macao Authority (AMCM) …

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Receive message (text)? | ABA bank journal

[ad_1] By Karen Epper Hoffman MBomb phones have been a lifeline for many of us during the pandemic. So it’s perhaps not surprising that, like many other financial institutions, FirstBank of Colorado, the country’s third-largest private bank, uses mobile messaging to develop and evolve deeper “virtual relationships” with its customers. …

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How to get a mortgage loan grant under the Pradhan Mantri Awas Yojana-Gramin

[ad_1] How to get a mortgage loan grant under the Pradhan Mantri Awas Yojana-Gramin Before looking at a list of Pradhan Mantri Awas Yojana Gramin, you should first understand the key principles of the program. The PMAY (Pradhan Mantri Awas Yojana) -G (Gramin) was unveiled in an effort to improve …

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Account opening at the speed of expectations

[ad_1] What will payments look like in 2022 and beyond? In “The way payments are now made, ”Jess Turner, Executive Vice President, New Digital Infrastructure and Fintech, Mastercard, joins 32 other payments managers to discuss what the ‘new normal’ in payments looks like. Turner explores how the pandemic made mobile …

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FinCell officially launches on the European market

[ad_1] To share Tweeter To share To share E-mail FinCell, the white label mobile banking app based on PSD2, announces its official launch in Europe to help more and more financial institutions are expanding their mobile banking effortlessly. The FinCell team reiterated its commitment to help financial institutions such as …

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Dos and don’ts of borrowing

[ad_1] In an age when a loan is handy on your cell phone, it’s easy to fall into the debt trap. [Courtesy] Whenever you are in financial difficulty, borrowing is always the easy way out. Sometimes it’s a question of whether you are able to refund the money or not. …

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DB stops five electronic credit frauds

[ad_1] Dhaka Metropolitan Police (DMP) Detective Cyber ​​and Special Crime Division Arrested Five Members of a Gang of Fraudsters Who Lending Money Illegally at High Interest Rates Using Unauthorized Apps . Those arrested are Emanuel Edward Gomez, Arifuzzaman, Shahinur Alam alias Rajib, Shubh Gomez and Md Akram. A car, nine …

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8 best apps to learn to memorize on your cell phone

[ad_1] Want to save for your next vacation? These apps will help you achieve your goals. Download it now! The Financial theme This is something that worries everyone. Even more so when you have to follow and stick to a budget. However, we may currently have apps that advise us …

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Thousands of Zambian smallholders will benefit from a € 30 million (ZK 635 million) agricultural investment initiative launched by Zanaco and Team Europe

[ad_1] First European Targeted Investment Bank (www.BEI.org) support for sustainable agricultural investments in Zambia; Initiative to increase access to finance, support job creation and improve agricultural productivity; Impact reinforced by technical assistance to best agricultural and financial practices; Focus dedicated to improving access to finance for smallholder women farmers. Smallholder …

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

[ad_1] 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 …

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The Cash app will not have new taxes in 2022, despite complaints

[ad_1] People on social media are freaking out that the Biden administration is imposing new taxes on payment apps like PayPal, Venmo, and the Cash app. However, these claims are false news. There is no new Cash App tax for 2022. The IRS has not yet changed the rules for …

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The global digital banking platform market size is expected to grow from $ 8.2 billion in 2021 to $ 13.9 billion by 2026, at a compound annual growth rate (CAGR) of 11.3%.

[ad_1] during the forecast period. The digital banking platform market is gaining ground due to the increasing adoption of cloud-based solutions by financial institutions and the proliferation of smartphones are expected to drive the overall growth of the digital banking platform market. New York, September 30, 2021 (GLOBE NEWSWIRE) – …

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How Fintechs Tackle Social Issues to Reach Unbanked Communities

[ad_1] As today’s world is increasingly cashless, it’s hard to imagine living without a bank account. Banking is seen as a safe and stable way to manage your finances. Alternative financial services are interpreted as abusive and risky. As policymakers continue to stress the role of financial institutions in reducing …

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How mobile banking brought revolutionary change to banking industries

[ad_1] It is obvious that mobile banking is the use of smartphones to access online banking services. According to a report, the number of users who use mobile banking services is around 57 million. While the penetration of mobile banking for payment for services using the mobile application accounts for …

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Newsweek Selects ChoiceOne Bank Again as Michigan’s Best Small Bank

[ad_1] SPARTA, Mich., September 28, 2021 / PRNewswire / – ChoiceOne Financial Services, Inc. (Nasdaq: COFS), the parent company of ChoiceOne Bank, is pleased to announce that ChoiceOne Bank has once again been classified as that of Michigan Best Small Bank by Newsweek. ChoiceOne was recognized in Newsweek’s first-ever 2020 …

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Best online personal loans for October 2021

[ad_1] Lender APR range Minimum loan amount Maximum loan amount terms Recommended credit score LightStream Best personal loan online 2.49% -19.99% (with automatic payment) $ 5,000 $ 100,000 24–144 months 660+ SoFi Best online loan for good credit 4.74% to 19.38% (with automatic payment) $ 5,000 $ 100,000 2-7 years …

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Scamdemia – vulnerable, with little protection and few arrests

[ad_1] UKFinance1 announces £ 32million savings in fraud in the first half of 2021 with bank branches, real estate companies and post offices working with police through the banking protocol’s rapid response scam process. Noting that the program had led to 934 arrests since 2016, an average of 190 per …

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Jagan’s government doesn’t pay phone bills, services are disconnected!

[ad_1] In great embarrassment for the YSRCP government in Andhra Pradesh led by Chief Minister YS Jaganmohan Reddy, the mobile phone services of state government employees were disconnected by mobile service providers on Sunday (today ). The reason is that Jagan’s government has not paid its bills despite repeated reminders …

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3 in 5 Filipinos will give up long online banking application process – FICO – Back End News

[ad_1] photo by Christina morillo of Pexels Too many questions to answer when filling out online banking apps is a disillusionment to the 3 in 5 Filipino respondents in FICO’s recently released 2021 Digital Banking Survey. People think of digitization as seamless transactions, which is why when customers try to …

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Fintech in Thailand: X Leading Startups and Applications

[ad_1] Fintech in Thailand is already disrupting the conventional responsibilities assumed by banks and financial services companies for hundreds of years. These traditional financial institutions have been caught off guard and are now trying to build their own apps to catch up with market leaders. Fintech is quickly becoming a …

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

[ad_1] 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 …

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offering cheaper personal loans and BIGGER savings in 2021?

[ad_1] According to Mozo’s 2019 research, in a side-by-side comparison, the Big 4 banks may have cost borrowers up to 20% more in interest charges on personal loans than customer-owned banks. But now, in 2021, it looks like the big players have caught up and could be real low rate …

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Global Cybersecurity Market Analysis and Trajectory Report 2021: Market To Reach $ 296.5 Billion By 2027 – Endpoint Security Expected To Be $ 100.2 Billion – ResearchAndMarkets.com

[ad_1] DUBLIN – (COMMERCIAL THREAD) – The report “Cyber ​​Security – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer. Global cybersecurity market to reach $ 296.5 billion by 2027 Amid the COVID-19 crisis, the global cybersecurity market estimated at US $ 162.9 billion in 2020, is expected …

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Fueling cross-border transactions | PYMNTS.com

[ad_1] The speed of commerce continues to accelerate, except in the case of companies paid by international customers. Consumers take for granted the ability to use smartphones to make real-time payments or transfer money instantly to family and friends through a mobile app, but the B2B cross-border payment system is …

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Mobile money has enormous potential to change the lives of South Africans

[ad_1] By Jaco Saunders Mobile money has seen massive adoption in Africa over the past decade, but South Africa has fallen behind due to the country’s strict banking laws, which have been a significant barrier to entry. However, the potential of mobile money solutions cannot be ignored and financial institutions …

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Apple under fire from banks, regulators over payment app restrictions

[ad_1] But the ACCC appears to be taking a tougher line against Apple, following its investigation into the digital platform, which has raised concerns about Apple and Google’s market power over apps. The ACCC, which will appear before the PJC next week, told the committee in a brief that “with …

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What You Do Online Can Help You Get The Loan You Need

[ad_1] Need a loan but your credit history is poor or poor? Now you can leverage your online activities via desktop, tablet or mobile and possibly get a Yes for your app. Traditional loan companies such as banks don’t just collect personal information from loan applicants to help them decide …

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QIB awarded Islamic Bank of the Year in Qatar and UK

[ad_1] (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 …

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Moven Partners with UAE-Based FinTech Solutions Consulting Firm

[ad_1] We welcome this opportunity to collaborate with Moven to transform and revolutionize the digital banking industry. Mohammed Muzammil Riyaz, Senior Vice President CSG NEW YORK (PRWEB) April 26, 2021 Moven, the only fintech solution that holds a U.S. patent for financial well-being, announced its partnership with Center Systems Group …

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Buguroo becomes Revelock, launches behavioral biometrics platform and advisory board

[ad_1] Buguroo is now known as Revelock, as part of a rebranding by the company announced with a new advisory board and a new platform for fraud detection and response, using its behavioral biometrics and AI hybrid for continuous knowledge of your user, or ‘KYU“verification. The new Revelock Fraud Detection …

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

[ad_1] 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 …

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Development strategies: four reasons why digital ecosystems are the future of banks

[ad_1] In the age of digitization, retail banks are looking for new sources of profitable growth. The use of ecosystems is one of the solutions that guarantees a stable future. McKinsey estimates that they will generate around 30% of global business turnover by 2025. Banks are aware of the importance …

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Mobile service is the key to GSB’s social objectives

[ad_1] GSB authorizes loans through mobile banking during the pandemic. (Photo by Somchai Poomlard) The Public Savings Bank (GSB) is poised to step up its full-fledged mobile banking development plans to reflect its ambitious role as a provider of social banking services. President and CEO Vitai Ratanakorn said the ultimate …

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Inside Revolut and Monzo’s Gigantic Fundraising Towers | Zoom Fintech

[ad_1] Last week, British challenger financial institution Starling introduced a £ 60million raise; the main of retail banking applications to lock their subsequent stage of funding. Become a member of them on the way to fundraising is Tandem and Monese Financial Institution. However, the biggest increases are expected to come …

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How to increase a company’s cash flow in 2020 | Zoom Fintech

[ad_1] Photograph by Pexels Originally posted on: https://www.bloggingawaydebt.com/2019/11/how-to-raise-money-for-a-business-in-2020/ Starting a business is extremely difficult without start-up capital. Even if you have bought some great thinking and flawless marketing strategy, there is no way you will be able to bring it down without financial backing. Until you are independently wealthy, you …

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Personal loans: 5 myths you should know

It is virtually impossible to spend a lifetime without borrowing money . At some point we will all need to turn to a financial institution to acquire a car, travel with our family, make renovations or improvements to our home or pay for the studies of our children. It is …

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List of online payday loans -Good online loans bad credit: Get the help you need

Many Poles need extra cash. In an emergency, they instinctively go to the bank for a loan. The problem is that these money lending institutions are increasingly restricting their lending. Therefore, the demand for loans in parabanks is growing rapidly. Such non-bank financial institutions are very numerous today, and they …

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Understanding of Loans and Other Terms in the Credit Agreement

Money is an exchange tool that we use in a daily transaction. No wonder if in every aspect of life, we will always need money that has been crowned as a legal instrument of exchange and payment. Money is already used in all countries even though each currency has different …

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Personal loan without guarantor

Nowadays, with the various alternatives of loans and financial institutions online, there is the doubt: is a guarantor necessary to acquire the personal loan? The answer is no! A guarantor is the person who agrees to be responsible for paying or discharging the installments of a loan made by someone …

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