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
Wise, the global tech company building the best way to move money around the world, has today launched its first eco card. The environmental impact of the Eco-Wise Card has been significantly reduced through the use of Polylactic Acid (PLA), a sustainable plastic alternative made from renewable bio-resources such as inedible corn. . The material
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
Next year, real-time payments to cryptocurrency exchanges will be prohibited by UK bank Santander. The action is meant to shield users from scams, according to an email to customers that was originally covered by Reuters. Santander has not said what time in 2023 the modification will go into effect. The bank will implement a more
Investor services company IQ-EQ is upgrading to Napier’s AI-enhanced Client Screening, according to Napier, a major developer of anti-financial crime compliance solutions. By automatically checking clients against sanctions, political watchlists, and other important watchlists at pertinent intervals, Napier’s Client Screening solution will significantly improve IQ-current EQ’s systems. Additionally, the AI capabilities will aid IQ-EQ in
The launch of Bitget Insights, a brand-new feature, has been announced by Bitget, the top cryptocurrency exchange in the world. Through the Bitget exchange, the functionality links social networks and social commerce. The launch represents the next development in Bitget’s cryptocurrency social trading project, which aims to help both novice and experienced traders. Traders will
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.
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
Envestnet, Inc., a leading provider of intelligent systems for wealth management and financial wellness, announced that it is partnering with FNZ, a leading global wealth platform, to create a fully digital, integrated wealth management experience for the U.S. market. The integration of Envestnet’s and FNZ’s platforms will allow for real-time account opening and funding along
Studies show that after a major bank introduced a credit card that was designed to inspire emotional connections with holders, its use increased by 70%. Another showed that emotional connections can increase customer lifetime value by up to 800% for financial services firms. In this video, Business Development Manager for Digital Banking, Ahmed Khidhir breaks
While financial data has always been considered sensitive, the growing number of companies working with sensitive data has brought renewed attention to the issue. Financial institutions are among the most targeted by hackers due to the large amount of critical customer data they handle. Any loss of personally identifiable information (PII) can lead to lawsuits,
Prezent, the AI-powered presentation productivity platform for enterprise teams, announced that it has added Zoom Ventures as an investor. This comes after the $20 million raised in a Series A funding round in April 2022 and the $4.3 million raised in seed capital in August 2021. “As an immigrant and engineer working in corporate America, I have found that great business storytelling
