Financial transaction

5 Reasons Why Retail CBDC is Good for India

The evolution of money is interesting, starting with the exchange of goods to coins and paper money, and now digital currency. However, the basic characteristics of money are always the same. It is used to store assets, can be used as an exchange, and serves as a unit of account. Today, the concept of central […]

Transaction tax

IFSC GIFT City | Financial hub, a work in progress

A subsidiary of the National Stock Exchange on Thursday introduced a facility through which Indian retail investors can directly trade stocks listed on US stock exchanges. The NSE branch would invest the funds in these specific shares against which investors would receive certificates of deposit instead of actual shares. The subsidiary – NSE IFSC – […]

Financial transaction

What is identity theft and how can you protect yourself?

A few weeks ago there were reports of fraudulent use of PAN cards to obtain loans from a fintech lending app. Many people were shocked to see loans registered against their PAN and some of the loans were not even repaid resulting in the deterioration of their credit score. Cases of identity theft are on […]

Bookkeeping

Philadelphia City Council Moves Towards Nation’s First City Bank

The city council voted 15-1 to pass legislation that will launch the creation of the Philadelphia Public Financial Authority on Thursday. The entity is supposed to provide loans and improve access to credit and other financial services to disadvantaged communities. It is also seen as a first step towards the city establishing its own municipal […]

Financial information

Margot James Copeland and Paul Walsh join Banner

WALLA WALLA, Wash., March 04, 2022 (GLOBE NEWSWIRE) — Banner Corporation (NASDAQ GSM:BANR) (“Banner”), the parent company of Banner Bank (“Bank”), today announced that Margot James Copeland and Paul J. Walsh was appointed to the Board of Directors effective March 1, 2022. Copeland and Walsh were also appointed to the Banner Bank Board of Directors. […]

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Verisk announces the sale of its financial services business to

JERSEY CITY, NJ, Feb. 22 12, 2022 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced that it has entered into a definitive agreement to sell Verisk Financial Services, its financial services business unit, to TransUnion (NYSE: TRU), a global information and knowledge company, for a cash consideration of $515 […]

Transaction tax

India to Tax Cryptocurrency; A look at how other countries regulate it

1 / 12 Cryptocurrencies have come a long way. From being speculative products that few dared to enter, they are now a booming investment opportunity. Non-fungible tokens (NFTs) and other digital currencies are now more widely accepted. However, the decentralized technology behind them has the potential to disrupt the traditional financial system. That’s why governments, […]

Transaction tax

Cash App Taxes 2022: Completely Free Mobile Tax Filing, with Room to Grow

Cash App Taxes offers “free for everyone” tax preparation software. Cash Application Taxes This story is part Taxes 2022CNET’s coverage of the best tax software and everything you need to file your return quickly, accurately and on time. Cash App Taxes is launching for the 2022 tax season, expanding its former identity as Credit Karma […]

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Ohio National ends 2021 in a strong financial position

$1.5 billion in benefits paid to policyholders in 2021 $90 million in dividends paid or credited to eligible policyholders CINCINNATI, Feb. 11 28, 2022 (GLOBE NEWSWIRE) — Ohio National Financial Services, Inc. today announced that it ended 2021 with $1.5 billion in total statutory adjusted capital (ONLIC1), an increase over the previous year. Benefits paid […]

Bookkeeping

The Fed opens the debate on the American digital currency | Foodman CPAs and Advisors

A report examines the pros and cons of CBDC The Federal Reserve is considering issuing a central bank digital coin (CBDC), according to a new report examining the pros and cons of such a move. Issuing this digital currency would be the first type of new currency issued by the Fed since the printing of […]

Financial transaction

How will fintechs adapt to the metaverse?

marsmeena29 / Getty Images/iStockphoto Metaverse is an emerging technology that is very promising but also has many unknowns. While some predict the Metaverse will become the “new normal” in the future, others believe it’s just some fancy secondary technology that will be used primarily by players. See: Metaverse virtual real estate is booming: what’s the […]

Transaction tax

Liberty Tax Launches Banking as a Service with “DEEPBLUE(TM) Debit” | 2022-02-01 | Press Releases

HURST, TX, February 1, 2022 /PRNewswire/ — Liberty Taxone of North America leaders in tax preparation, today announced the commercial launch of its DEEPBLUE™ Flow (DEEPBLUE) Banking-as-a-Service mobile app without credit check1 or minimum balance requirements. The DEEPBLUE solution received very positive feedback from the first customers. Advantages of DEEPBLUE debit: Bank account with MasterCard® […]

Financial information

Customer + Business Support – Pedestrian Jobs

At Pure Finance, we’re a Sydney-based mortgage and loan advisory firm, but we like to do things a little differently. We are a certified B Corporation and believe that a financial services company can (and should) exist for the benefit of its customers, the community and the planet. We embrace flexibility and diversity, and we […]

Financial transaction

Sy Family Backed NextPay Surpassed P1-B Transaction Volumes Last Year

NextPay, a local fintech startup backed by the Sy family and venture capitalists, has seen its business soar during the pandemic by crossing the 1 billion peso mark in transaction volumes last year. NextPay CEO and co-founder Don Pansacola said 2021 was a “record year” for the company, whose platform gives small businesses easy access […]

Financial information

Credicorp Ltd. : Credicorp’s “4Q21 silent period”

Lima, Jan. 17, 2022 (GLOBE NEWSWIRE) — Lima, PERU, January 17, 2022 — Credicorp (NYSE: BAP) announces that, in accordance with its corporate disclosure policies and to prevent leakage of financial results and ensure fairness, the company will begin the blackout period for the release of 4Q21 results on June 24 January. This period will […]

Bookkeeping

CFPB gets payday rule restoration challenge

By Katryna Perera (January 14, 2022, 7:24 PM EST) – A DC federal judge on Friday dismissed a case against the US Consumer Financial Protection Bureau regarding the agency’s decision to repeal capacity underwriting requirements for reimbursement for payday lenders, despite arguments from community advocates that the agency used poor analysis to justify the rollback. […]

Financial transaction

Mode Adds Proven Industry Leaders to Its Executive Team

Prepares to scale rapidly to meet the growing demand for analytics tools in addition to the modern data stack SAN FRANCISCO (PRWEB) January 11, 2022 Mode analysis, the most comprehensive platform for collaborative Business Intelligence (BI) and interactive data science, today announced five key additions to its leadership team to keep pace with the growing […]

Financial transaction

Reltime announces two new IEOs on P2PB2B and IndoEx

[ad_1] Oslo, Norway, January 6, 2022 (GLOBE NEWSWIRE) – Reltime is ready to launch its initial exchange offering on two platforms P2PB2B and IndoEx. The Reltime DeFi ecosystem is a global financial service fully controlled by end users. Reltime was founded by a team in Norway, El Salvador, Canada and India. Reltime started as a […]

Financial transaction

Taiwan FSC issues new data sharing guidelines for FIs

[ad_1] Data may be shared between FIs, subject to consent, if it can improve customer convenience, improve operations, or facilitate commercial agreements or cooperative partnerships. Taiwan’s Financial Supervisory Commission (FSC) issued new guidelines for FIs on data sharing, allowing exchange of customer information for KYC and account opening purposes. The guidelines aim to respond to […]

Financial transaction

Reinsurance Group of America Announces Longevity Reinsurance Transaction with Aegon Netherlands | News

[ad_1] AMSTERDAM – (BUSINESS WIRE) – December 15, 2021– Reinsurance Group of America, Incorporated (NYSE: RGA), one of the world’s leading life and health reinsurers, today announced that it has entered into a longevity reinsurance transaction with Aegon, one of the world’s leading financial services organizations, providing life insurance, pension and asset management. The reinsurance […]

Financial basis

ECN Capital announces the finalization of the sale of its service

[ad_1] TORONTO, 06 Dec. 2021 (GLOBE NEWSWIRE) – ECN Capital Corp. (TSX: ECN) (“ECN Capital“or the”Society“) is pleased to announce that it has completed its previously announced sale to Truist Bank of all issued and outstanding interests in each of Service Finance Company, LLC and Service Finance Holdings, LLC, each of which is an indirect […]

Financial transaction

Digital Financial Services Will Be Sea Limited’s Next Growth Engine

[ad_1] Limited sea (NYSE: SE), a technology leader in Southeast Asia, achieved a solid performance in the third quarter of 2021 thanks to the growth of Garena (gaming) and Shopee (e-commerce). Still, there are signs that Garena’s growth is slowing thanks to its already massive base of nearly 730 million active users. Faced with this […]

Financial basis

Working Group on the Modernization of the Stamp Duty Framework on Equities

[ad_1] Membership The permanent members will be composed of representatives of HMRCThe Stamp Duty Policy Team, HM Treasury’s Financial Services Tax Directorate and the stakeholders listed below: name Organization Martin walker ADE tax Janette Sawden Association of investment companies Holly bradley Baker & McKenzie LLP Sean Randall Blick Rothenburg Kate willis Chartered Institute of Taxation […]

Financial transaction

Blogger park: rewards and feedback

[ad_1] A PoS level loyalty program will involve the integration of transaction data via PoS or QR code, and customer specifics from the loyalty program database. By Rijish Raghavan The dual event of demonetization and the Covid-19 pandemic has accelerated the adoption of digitization and digital payments in India. The cashless economy, previously seen as […]

Financial information

Max Life adopts the account aggregation system; Aims to provide frictionless financial underwriting to clients

[ad_1] New Delhi, Delhi, India (NewsView) • Becomes the first life insurer to adopt Account Aggregator system • Partners with FinVu and Finarkein to securely access client pre-approved financial information for underwriting Max Life Insurance Co. Ltd. (“Max Life” https://www.devdiscourse.com/”Company “), is the first life insurer to enter the Account Aggregator (AA) ecosystem, a framework […]

Financial information

Progress beyond open banking to open finance

[ad_1] The financial services industry is already looking beyond open banking to open finance, or what Capgemini called “Open X” in the Capgemini World Retail Banking 2019 report. Client awareness of open banking remains negligible, and some account manager payment service providers (ASPSP) missed several deadlines for changes to dedicated interfaces. As a result, industry […]

Financial transaction

Elite Capital & Co. registers the “Government Future Financing 2030 Program” as an official mark of UK finance

[ad_1] Elite Capital & Co. registers the “Government Future Financing 2030 Program” as an official mark of UK finance Élite Capital & Cie – Logo LONDON, UNITED KINGDOM, October 27, 2021 /EINPresswire.com/ – Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited, today announced that October 15, 2021 is an important day for Elite […]

Financial transaction

Labuan FSA obliges industry players to comply with global AML / CFT standards

[ad_1] LABUAN: The Labuan Financial Services Authority (Labuan FSA) has forced financial sector players to comply with global anti-money laundering and terrorist financing (LAB / CFT) standards. It issued guidelines applicable to Labuan’s reporting institutions to ensure that transactions made by clients were legitimate financial transactions. Labuan FSA Managing Director Nik Mohamed Din Nik Musa […]

Financial transaction

JoJoPay partners with ECPay; allows 7-Eleven cashout – Manila Bulletin

[ad_1] JojoPay x 7-Eleven x ECpay JoJoPay fintech solution partners with Electronic Commerce Philippines, Inc. (ECPay) to enable cash transactions through ECPay and 7-Eleven branches across the Philippines. The partnership aims to revitalize the digital economy by making secure, instant and hassle-free payments a reality. JoJoPay is the first fiat payment platform on the blockchain. […]

Financial transaction

JPMorgan Chase Financial Company LLC Announces Prepayment of Auto Callable Fixed Rate Bonds due April 26, 2028

[ad_1] NEW YORK–(COMMERCIAL THREAD) – JPMorgan Chase Financial Company LLC (the “Issuer”) announced today that it will redeem all of its outstanding AutoCallable Fixed Rate Notes due April 26, 2028 (the “Redeemed Notes”) with a CUSIP of 46646WAA0 (NYSE: JPM / 28) on October 26, 2021 (the “Redemption Date”) at a price equal to the […]

Financial basis

IMF Board backs Georgieva to remain Managing Director

[ad_1] The IMF’s board chose to retain Kristalina Georgieva as the institution’s managing director and said it had “full confidence” in her ability to discharge her responsibilities, despite allegations that she reportedly pressured World Bank staff when she was its managing director to manipulate data for China’s benefit. benefit to. The announcement follows marathon meetings […]

Financial information

XP Inc. Announces Adjusted Net Inflows of R $ 47 Billion, Credit Portfolio of R $ 8.6 Billion and R $ 3.3 Billion … | Your money

[ad_1] SÃO PAULO, Brazil, October 11, 2021 (GLOBE NEWSWIRE) – XP Inc. (Nasdaq: XP), a leading technology-driven platform and trusted provider of low-cost financial products and services in Brazil, announced today hui its KPI for 3Q21. The Portuguese version of this press release can be found in the Press Releases section of the IR website. […]

Financial transaction

Guilty plea and prison sentence of a former board member

[ad_1] The attorney general’s office has announced that Clarence Dean Alford, a former member of the Board of Regents representing Georgia’s 4th Congressional District, has pleaded guilty to Racketeering today. He pleaded guilty before the Chief Justice of the Superior Court, Robert F. Mumford. After presentations from the Attorney General’s office and Alford’s lawyer, Judge […]

Financial transaction

Teraco completes Cape Town data center

[ad_1] 32m | Melanie Mingas Cape Town South Africa has a new hyperscale data center completing the first phase of Teraco’s CT2. Located in Brackenfell, Cape Town, the new facility is now the largest data center in the Western Cape and is positioned for cloud providers and businesses in telecommunications, financial services, e-commerce, logistics and […]

Financial transaction

Shift from a transaction-driven model to a consumer-centric approach

[ad_1] Every digital transformation must start and end with the customer. But, navigating digitization journeys in uncertain times like these can be a major challenge, especially for companies in strongly customer-centric industries such as banking and financial services (BFSI). Mint Think Tank’s third session, The Inner Circle (BFSI Chapter) titled “Coming Up: The Innovation Charter” […]

Financial information

Banks fight Biden agenda by claiming mantle of civil rights warriors

[ad_1] Cadence’s business association, the powerful American Bankers Association, is waging a war on a key part of the Biden administration’s economic agenda: the requirement for financial institutions to report entries and exits to the Internal Revenue Service annually. gross on accounts equal to or greater than a certain threshold. Financial institutions do this by […]

Financial information

More regulatory clarity on the horizon for FinTechs | Sheppard Mullin Richter & Hampton LLP

[ad_1] On September 21, 2021, the FinTech Working Group of the United States House Committee on Financial Services held a hearing on consumer privacy. The hearing was webcast live and the archived webcast is available on the Committee’s website. The hearing was called to address what Task Force Chairman Stephen Lynch called “serious flaws” in […]

Financial information

Senate confirms Biden’s consumer watchdog, sparking industry crackdown

[ad_1] Credit reporting firms, low dollar lenders, debt collectors and fintech startups are among the players that should be the subject of close scrutiny from Chopra’s CFPB, as well as the student loans and mortgage services sector. The agency under interim management over the past eight months has already taken some initial steps to address […]

Financial transaction

Persistent Systems to acquire SCI, Shree Infosoft

[ad_1] Persistent will acquire 100% of these two companies for a cash payment of $ 53 million for SCI and $ 6.87 million for Shree’s US and Indian operations. Persistent Systems announced on Wednesday the acquisition of Software Corporation International (SCI) and its subsidiary Fusion360. Persistent also acquired New Jersey-based Shree Partners and its Indian […]

Financial basis

Need to build a new India on the basis of women-led development: Irani

[ad_1] Union Minister Smriti Irani said on Tuesday the need to ensure that a new India is built on the basis of women-led development. Highlighting various women-focused development programs launched by the government led by Narendra Modi in recent years, Irani said the prospects for women improve when they are at the heart of governance. […]

Financial information

Personal Finance: What Should You Read In A Mutual Fund Before Investing In It? | Bombay News

[ad_1] Since the start of this year, asset management companies have announced around 100 new mutual funds, each fund targeting different investors with distinct risk profiles. Most of the new fund offerings (NFOs) were cheaper with low net asset values ​​(NAVs). The low NAV offers have attracted many lay investors blissfully oblivious to the details […]

Financial transaction

28 South Korean crypto exchanges comply with new regulations

[ad_1] NEW DELHI: In an effort to regulate the crypto industry in South Korea, the Korea Financial Services Commission (FSC) has requested crypto exchanges to be certified by the Korea Internet and Internet Agency. security (KISA) to continue operating after September 24. Crypto exchanges had to meet certain requirements to continue to operate legally in […]

Financial transaction

60 cryptocurrency exchanges in South Korea to shut down all or part of services this week – Bitcoin News regulations

[ad_1] The deadline for cryptocurrency exchanges and wallet operators to comply with new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been allowed to continue trading. About 60 crypto exchanges are expected to shut down or scale back services. 60 crypto exchanges are expected to […]

Financial transaction

More bots, fewer humans attacking financial services organizations

[ad_1] Source: Shutterstock. Financial services organizations saw a 28% increase in automated bot attacks and a 28% decrease in human-initiated cyberattacks in the first six months of 2021, according to a new report from LexisNexis Risk Solutions in the first six months of 2021 compared to the same period last year. Across industries around the […]

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The Hidden Compensation of Bridgepoint Executives | Financial Time

[ad_1] This is an audio transcript of the FT News Briefing podcast episode: The hidden remuneration of Bridgepoint executives Marc FilippinoHello from the Financial Times. Today is Monday September 6th, and this is your FT News Briefing. [MUSIC PLAYING] Marc FilippinoThe number of transactions in 2021 could break records. And where could Japan go now […]

Financial transaction

Open finance for the benefit of consumers

[ad_1] More Filipino consumers can benefit from an offer to make financial services accessible to all through an open financial framework. “With open finance, Filipino consumers will be able to have a consolidated view of their personal data and financial transactions, access more affordable services that match their needs, and ultimately make more informed financial […]

Financial transaction

Autonomous open financial agency to be ready this year – BSP – Manila Bulletin

[ad_1] The creation of an Open Finance Oversight Committee (OFOC), an autonomous industry-led body, will be completed within the year to adopt, update and enforce the rules of conduct for an open financial system, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “We are aiming for the complete creation of OFOC within […]

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what it is and what it involves

[ad_1] Climate change is the biggest challenge of our time, according to the United Nations. There are other challenges closely linked to this environmental challenge, such as reducing pollution, ending waste in the oceans, promoting energy transition and implementing a sustainable food model. Digital green finance, which includes a wide range of technologies such as […]

Financial basis

Gibson Dunn | Gibson Dunn Launches Global Financial Regulation Practice

[ad_1] August 5, 2021 Click for PDF Gibson, Dunn & Crutcher LLP is pleased to announce that the company has launched a global financial regulation practice, which provides comprehensive advice to financial institutions on all aspects of regulatory compliance, enforcement and transactions. The launch of this practice brings together our market-leading regulatory lawyers in the […]

Financial information

5 keys to performing a GLBA audit | Oberheiden PC

[ad_1] Introduction: purpose and context of the GLBA The Gramm-Leach-Bliley Act (“GLBA”), also known as the Financial Services Modernization Act of 1999, is a federal law enacted by Congress in 1999 that requires financial institutions to adequately protect sensitive customer data by their possession and to take steps to ensure that customer information in their […]

Financial information

Prime Trust obtains ISO / IEC 27001: 2013 certification for information security and operational risk management

[ad_1] LAS VEGAS, July 19, 2021 / PRNewswire / – Prime Trust, the one-stop-shop for financial infrastructure for fintech innovators, recently achieved ISO / IEC 27001: 2013 certification, certifying the company to meet the most stringent information security management standards the financial sector. ISO / IEC 27001: 2013 is a globally recognized standard for information […]

Financial transaction

Discover Financial Services (DFS) to announce quarterly financial results on Wednesday

[ad_1] Discover Financial Services (NYSE: DFS) will release quarterly income data after market closes on Wednesday, July 21. Analysts expect the company to report quarterly earnings of $ 3.31 per share. Individuals interested in participating in the Company Results Conference Call This link .. Discover Financial Services (NYSE: DFS) last released its quarterly financial data […]

Financial transaction

Financial Action Task Force countries have yet to implement virtual asset guidelines

[ad_1] On July 5, 2021, the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, released the findings of a year-long review documenting the progress made by its member countries in implementing its guidance on the regulation of virtual assets and Virtual Asset Service Providers (VASPs).[1] In its 46-page report, the […]

Financial information

Secure your financial transactions in the digital age with these best practices

[ad_1] It is essential that we have good guarantees and good practices in place for our financial transactions, as losses resulting from financial fraud can affect us significantly. The increase in cybercrime incidents, phishing attacks and ATM hacks has made it even more critical. Here are some good guarantees and practices to follow; Use virtual […]

Financial basis

New York DFS Enters Two Dealer Financing Fee Consent Orders | Ballard Spahr srl

[ad_1] After announcing several years ago that it intended to resume with fair application of loans in the indirect auto finance market where the CFPB left off, the New York Department of Financial Services has announced two consent orders with smaller New York chartered banks on the basis of the claim that allowing car dealers […]