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Why Rising US Savings Rate Isn’t Paying Off?


Positive news, yes? Actually, no. The percentage of after-tax income that consumers save personally is known as the personal savings rate. The increment’s 1% increase is an issue. Among 100 people, none spend. Because they may only purchase in certain quantities, they “save.” Their after-tax income that hasn’t been spent rises along with their income.

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4 Ways Artificial Intelligence Will Change FinTech


Companies in the financial sector can leverage artificial intelligence to analyze and manage data from multiple sources to provide valuable insights. These innovative results help banks overcome the challenges they face on a daily basis while providing day-to-day services such as loan management or payment processing. Let’s now look at some AI-driven FinTech innovation use

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What prevents banks from providing excellent sales and service?


In today’s tough economic climate, it is certain that clients are looking for ways to minimize their costs whenever possible in the face of the increasing cost of living. Banks have a key role to play in supporting consumers and especially the most vulnerable who are struggling to pay for basic necessities like rent, energy

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3 Free Banking Apps for Entrepreneurs


Financial institutions and entrepreneurs have a complicated historical relationship. Entrepreneurs need the means to finance their businesses and stay afloat, which means they rely on banks for everything from business loans to checking accounts. And banks need entrepreneurs too. Without small businesses driving the economy, there’s not many banks can do. This (sometimes reluctant) codependency

Matic Coin
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Crypto- Why People are Choosing Matic Coin Over Alternative Blockchains


The Matic coin, an alternative cryptocurrency based on Ethereum, authorises the Polygon network (initially called the Matic network). It aims to provide a long-term scaling solution to issues like high transaction costs and slow speeds. The rising volume of transactions on the Ethereum blockchain has placed a significant stress on the network, causing decreased performance

Fed boosts focus on liquidity
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Fed boosts focus on liquidity, other risks as economy weakens: Barr


Michael Barr, the Federal Reserve’s top regulatory official, said Monday the U.S. central bank is watching for any stresses to the financial system amid a weakening economy, and signaled that stiffer oversight of cryptocurrency is in the offing. The Fed “will be heightening its focus on liquidity, credit, and interest-rate risks as supervised institutions manage

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CAN YOU BE SELF-EMPLOYED WITHOUT HAVING A BUSINESS?


The IRS states that if you work odd jobs for money, occasionally sell short stories or have both a day job and a side business, you are considered to be self-employed in the USA. Even if you occasionally declare a loss, what matters is that you operate your firm with the aim of generating a profit.

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How to Avoid Credit Card Interest?


The main reason that credit cards try to lure you in with welcome bonuses, rewards, and travel perks is to improve your chances of earning interest on your credit card. Credit card interest, also known as APR, or annual percentage, can easily add up to more than late fees and annual fees combined. As a

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How Blockchain Tech Can Build Trust & Transparency In Supply Chain?


Customers in today’s market expect excellent delivery experiences. They aim to improve parcel movement visibility, traceability, transparency, and sustainability. In fact, if their cherished brand falls short of these expectations, customers are willing to switch to alternatives. It is obvious that a lack of visibility into supply chain operations won’t do. How then, can supply

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TOP 4 TAX BENEFITS OF PERSONAL LOANS?


There are a few aspects of personal loans that we all are aware of. They are currently available, versatile, and simple to use. Personal loans, like home loans and business loans, allow you to receive some tax benefits while making your payments. Are Personal Loans Taxable? The loan amount you get from a personal loan

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HOW IS FINTECH SHAPING THE REMITTANCE INDUSTRY?


As the world becomes more connected than ever, money is rapidly becoming borderless. The rise of migration, coupled with the expansion of trade around the world, has fueled the enormous movement of money across borders – and much of this is remittances. Remittances often flow from developed to developing economies as migrant workers send money