Finance

How JobForSA is Becoming the Leading Recruitment Platform for Fintech and Financial Technology Jobs Across the Middle East and Africa in 2025

Posted on by Lyda Krystelle

More than 60 percent of licensed fintech companies across the UAE, Egypt, and Saudi Arabia now rely on one regional hiring platform to fill roles that global job boards often fail to understand. This shift marks a major change in how fintech talent moves across Middle East and Africa markets.

While LinkedIn is crowded with global noise, JobForSA is gaining traction by staying hyper-focused on local rules, licensing needs, and fast-growing fintech specializations. The platform has become a first stop for employers who want candidates who understand regional payment systems, compliance structures, and cross-border regulations.

regional fintech job board interface

A Platform Built for MENA’s Rapid Fintech Growth

The demand for digital banking, e-payments, and regtech tools is expanding quickly across the region. Companies need talent that understands how these products function inside different regulatory frameworks. Many recruiters say global platforms fail to match candidates who understand local approvals, sandbox experiments, and digital-ID requirements.

This gap is where JobForSA stands out. The service uses an Arabic-first interface and focuses on regional hiring norms. Salary benchmarks follow market data instead of global averages, which means candidates apply with realistic expectations. Insights related to pay transparency can also be found here, offering helpful context for understanding fair compensation practices. Employers get a faster, more accurate match for roles that require strong technical skills and awareness of local regulations.

Why JobForSA Is Filling Roles Faster

Data from 2025 shows that candidates who apply through the platform accept job offers 19 days faster than those using general job sites. Recruiters say the platform filters applicants based on the real skills needed for MENA fintech, reducing the time spent reviewing mismatched profiles.

Another advantage is the growing number of exclusive roles posted there. Companies working on open banking, instant transfers, fraud-detection AI systems, and secure payment gateways prefer a platform where specialists already gather. Job seekers can find positions like payment gateway engineers, open-banking product managers, and regtech specialists that rarely appear on global sites.

Inside the Hiring Process Employers Prefer

Fintech firms often deal with sensitive customer data. They look for applicants with experience in local verification tools and risk-management systems. JobForSA helps filter talent based on compliance needs, something general job boards do not offer at the same level. The result is a higher success rate for both sides.

The platform also offers free tools for job seekers. One of the most popular is a CV visibility boost, available at no cost to anyone who uploads before January 2025. Recruiters say this feature helps them discover qualified candidates more easily, which increases interview requests and shortens hiring cycles.

Exclusive Access to a Growing Fintech Talent Network

Employers value the platform’s access to a talent pool that understands both technology and finance. As more companies launch digital wallets, instant loan products, and mobile banking apps, they need engineers who know how to build secure systems and product managers who understand customer behavior across the region.

The platform’s focus on MENA regulations also attracts senior candidates from Europe and Asia who want to move into the region. They join because they can browse roles that clearly explain licensing requirements and visa realities. This transparency makes relocation easier, and it helps employers hire the right people faster.

Why Fintech Pros Are Staying Loyal

Many job seekers say they appreciate the simple layout and focused listings. Recruiters share the same view. Instead of scrolling through thousands of unrelated global listings, both sides meet in a curated space built for fintech careers only. That specialization has helped the platform grow faster than expected.

As more new roles appear due to open-banking mandates and cross-border digital payments, the platform is shaping how fintech hiring works across the region. Trends suggest this growth will continue for several years as governments expand licensing and encourage more digital financial services.

The Path Ahead

Experts say the region’s fintech expansion will surge as more countries adopt instant payment networks and digital-ID solutions. A hiring platform that understands these shifts will remain essential. That is why JobForSA is positioned to stay ahead, offering a mix of specialized listings, faster hiring, and tools that help both candidates and companies.

By focusing on local needs and delivering real results, JobForSA is becoming a key part of the fintech ecosystem in the Middle East and Africa, and its influence is set to grow even more in the years ahead.

How Tech is Changing the Way We Trade Digital Assets

Posted on by Madelina Gwenevere

The world of cryptocurrency is fast, unpredictable, and constantly evolving. One of the latest trends that’s gaining attention in both finance and tech circles is crypto arbitrage software. In simple terms, it’s a tool that helps users buy cryptocurrency on one exchange where it’s cheaper, and then sell it on another exchange where it’s more expensive. The small difference in price creates a profit. This process, known as arbitrage, has been prevalent in traditional finance for years; however, with the rise of digital currencies, it has become more accessible through automation.

How Crypto Arbitrage Software Works

Normally, you’d have to act fast and switch between platforms to profit from this difference. Crypto arbitrage software does this automatically and at high speeds. It scans hundreds of exchanges in real-time, identifies opportunities, and executes trades in seconds. This removes human error and saves time.

These tools often come with built-in risk controls, such as setting profit margins or limits on investment amounts. Some are even AI-powered, enabling them to learn patterns and make more informed decisions over time. For beginner investors, this kind of automation makes it easier to get started without deep technical knowledge.

Why People Use It

The primary reason people use crypto arbitrage software is to capitalize on market inefficiencies. Cryptocurrency prices can vary significantly across exchanges due to differences in trading volume, regional demand, and the specific currency pairs being traded. With traditional investing, you must wait for prices to rise or fall to generate a profit. But with arbitrage, the profit is instant, assuming the trades go through as planned.

Another benefit is that it can work 24/7. Unlike stock markets, which close at specific hours, cryptocurrency markets operate 24/7. This means the software can keep trading even when you’re offline. For individuals with full-time jobs or those seeking passive income, this can be a significant advantage.

What to Consider

While the idea sounds simple, crypto arbitrage isn’t risk-free. Network delays, exchange withdrawal limits, and transaction fees can cut into profits. Also, some exchanges might take time to process trades, which could affect pricing. That’s why choosing the right software is important. Look for one that offers fast execution, real-time tracking, and strong customer support.

Lastly, always start small. Test the platform with small amounts to understand how it behaves before committing larger funds. And keep security in mind—use two-factor authentication and avoid keeping large balances on exchanges.

 

Cyber Insurance in the Age of Data Breaches: Legal Loopholes and Liability Risks

Posted on by Grace Alita

As data breaches become nearly daily, the demand for cyber insurance has surged. Organizations from global corporations to small businesses seek protection against the fallout of ransomware, phishing attacks, and system intrusions. But as the market grows, so does the complexity of these policies—and the legal minefield that comes with them. Exclusions, vague language, and disputes over liability are common. For lawyers, navigating this space has become a high-stakes challenge in risk assessment, policy interpretation, and litigation strategy.

The Rise of Cyber Insurance

Cyber insurance began as a niche offering but has quickly evolved into a standard component of risk management portfolios. The policies typically cover costs associated with data breaches—such as forensic investigations, notification expenses, legal fees, public relations, and even ransom payments. However, many policyholders fail to realize that these policies are far from uniform. Each insurer defines its terms, limitations, and exclusions, leaving businesses unexpectedly vulnerable.

This is where legal counsel plays a pivotal role. Lawyers are now essential in drafting and reviewing cyber insurance policies to ensure clients understand exactly what is—and isn’t—covered.

Legal Loopholes and Policy Exclusions

One of the most pressing issues lawyers face in cyber insurance litigation is navigating the vast array of policy exclusions. These exclusions are often buried in fine print and can be invoked by insurers to deny claims. Common exclusions include:

  • Acts of war or terrorism: Many policies don’t cover cyberattacks blamed on nation-states—even if it’s just a guess.
  • Insider threats: If a breach is traced to a rogue employee or contractor, the insurer may argue that it falls outside the scope of the policy.
  • Failure to maintain cybersecurity standards: If the insured party didn’t follow specific protocols (like patching software or updating firewalls), the insurer may decline to pay.
  • Prior acts exclusions: If a system vulnerability existed before the policy took effect, the breach may not be covered—even if it wasn’t exploited until later.

Such loopholes lead to drawn-out disputes, in which lawyers must build meticulous cases to prove that the incident falls within the bounds of coverage.

The Challenge of Attribution

One of the thorniest legal challenges in cyber insurance claims is attribution—determining who caused the attack. Insurers often demand clear attribution to evaluate whether exclusions (like acts of foreign aggression) apply. However, attributing a cyberattack is notoriously tricky, especially when hackers use anonymizing tools or spoof other actors.

Legal teams often work with cybersecurity experts to establish plausible attribution, but courts may still struggle to interpret this evidence.

Lawyers must, therefore, craft arguments that are not only technically sound but legally persuasive. They often operate in a gray area where precedent is limited or non-existent.

Regulatory Compliance and Legal Exposure

Beyond the insurer-policyholder relationship, companies face growing legal exposure due to tightening data protection laws. Laws like GDPR and CCPA require companies to protect consumer data. Failure to comply can trigger regulatory fines, lawsuits, and reputational damage—all of which may or may not be covered under a cyber insurance policy.

Lawyers advising clients must assess how well their coverage aligns with regulatory obligations. Some policies offer regulatory defence coverage, but others treat regulatory fines as uninsurable penalties. It’s crucial to scrutinize the language, as a misalignment could leave businesses financially crippled in the wake of a breach.

Litigating Coverage Denials

When insurers deny cyber insurance claims, litigation often follows. Legal teams representing policyholders must deconstruct the policy language, demonstrating that the breach falls within covered parameters. This frequently involves contract law principles, precedents from other types of insurance litigation, and detailed forensic evidence.

Conversely, insurers also retain legal teams to defend denials, often arguing that the breach occurred due to the insured’s negligence or that specific exclusions apply. The legal battlefield is becoming increasingly sophisticated, with both sides drawing on interdisciplinary expertise.

Best Practices for Legal Counsel

Given these challenges, lawyers must approach cyber insurance with a proactive strategy. Key best practices include:

  • Policy review: Carefully examine cyber insurance policies before purchase or renewal to identify risky exclusions or ambiguous clauses.
  • Cyber hygiene audit: Work with clients to ensure they meet the cybersecurity standards outlined in their policies.
  • Incident response planning: Help clients develop a breach response plan that aligns with legal obligations and insurance requirements.
  • Regular training: Educate corporate clients and IT teams about evolving risks and legal responsibilities.
  • Ongoing monitoring: Encourage periodic reassessment of insurance needs as business operations and cyber threats evolve.

Cyber insurance is no longer just a financial tool—it’s a legal battleground. As data breaches continue to surge in frequency and sophistication, lawyers are on the frontlines, ensuring their clients are not blindsided by exclusions, denied claims, or regulatory fallout. In this rapidly evolving space, legal expertise is the key to unlocking the true value of cyber insurance while shielding businesses from catastrophic liability.

The Power of Tech and Finance: The Key to Unlock Wealth

Posted on by Harding Autumn

The intersection of technology and finance has transformed our approach to wealth management. Today, people have many opportunities to increase their wealth with creative financial instruments and techniques. This blog post will explore some of the most exciting paths to digital-era financial success and other opportunities to grow wealth.

Using Digital Investment Platforms

Digital investing platforms represent one of the most important developments in personal finance. These sites let users create a diversified portfolio more easily because of their simple design and broad spectrum of investment choices.

Robo-Advisors

Based on individual risk tolerance and financial goals, automated investment platforms known as “robo-advisors” use algorithms to generate and oversee investment portfolios.

Peer-to-Peer Lending

These sites provide chances for greater profits on investments by linking borrowers directly with lenders.

Crowdfunding

Using this platform, people may make investments in startups and other businesses, maybe earning significant returns.

Investigating Blockchain Technology and Bitcoin

Blockchain technology and cryptocurrencies could upend established banking. Investing in firms utilizing blockchain technology might expose one to creative ideas with great potential for development.

Fusing Financial Literacy and Education

Building wealth mostly depends on financial knowledge. People who study personal finance will be better able to make wise financial judgements.

Online Classes and Webinars

Many internet resources give classes on investing, budgeting, and other financial subjects.

Financial Advisors and Coaches

See a financial advisor for tailored advice and help create a thorough financial plan.

Reading Blogs and Financial Books

Maintaining knowledge of the most recent developments in finance and best practices can enable you to make wiser decisions.

Diverse Your Income Sources

Think about spreading your revenue sources to hasten the increase in wealth. This can call for:

  • Investing in real estate can give consistent rental income and possible property appreciation.
  • Leveraging your skills and interests will help you to make extra money.
  • Entrepreneurship presents the chance to create money by means of company ownership.

Final Thoughts

The combination of technology and finance has created a wealth-growing universe of opportunities. You can manage your financial future by using digital technologies, looking for financial education, and spreading out your revenue sources. Achieving your money objectives depends mostly on constant labour, patience, and a long-term view.

Why Barber Landscaping is a Byword for Outdoor Space Improvements In Cumming, GA

Posted on by Maurice Quinten

In Cumming, Georgia, homeowners usually contact landscaper Jarrod Barber to discuss home improvement plans involving general landscaping jobs. Mainly because Barber Landscaping is a leading landscape contractor in Cumming, specializing in outdoor space improvements that take into consideration drainage solutions and erosion control.

landscape gardening projectYard improvement projects can add superb
value to one’s home but it is also a substantial
investment. Depending on the needs, preferences and lifestyle of a homeowner, the cost of a landscaping project could range from $2,000 to over
$100,000. Still, customer reviews on Barber Landscaping said they are satisfied with how Jarrod Barber helps them build a realistic budget for their landscape project.

Aside from personally supervising a home improvement undertaking, Mr. Barber commits to keep the prices as low as possible by manufacturing some of the key materials used for the project. Some examples include pine straws, organic composts and other landscape and lawn essentials supplied directly by producers.

In some cases, Mr. Barber gives advice on what works best for an outdoor space based on the knowledge he acquired from his 15 years of experience as a landscape and lawn services contractor. As an example, a review cited a customer who wanted grass installed in a certain outdoor space, However, Jerrod advised against it because the space did not have enough sunlight spreading out in the area to support the proper growth of grass seedlings.

Taking Out a Personal Loan to Fund a Yard Improvement Project

In most cases, homeowners take out a personal loan as a source of funding for a home improvement project. However, it is more advisable for a homeowner to bring their application to a modern day lender who processes underwriting services with an empathetic approach. After all, demonstrating empathy will make opening up easier for a potential client as he or she is more inclined to trust a lender that genuinely cares about his or her financial concerns.

Moreover, it is easier to apply for a personal loan with a digital lending company that uses the best loan origination technology to process a loan from point of application through point of approval (or rejection). That way, a loan applicant does not have to wait long to find out if his or her personal loan will be granted or turned down.

taking out a loan for house improvementA loan origination technology is actually a system of processing a personal loan application up to fund disbursal with the help of Artificial Intelligence (AI). Instead of using the services of traditional banks that still struggle due to their use of outdated processing systems that rely on manual data entry, automated systems with AI technology help lenders arrive at faster and consistent loan decisions.

The Influence of Facebook Likes on Financial Technology Investments

Posted on by Lyda Krystelle

businessman on facebook 1

The fintech sector is booming. Social media, especially platforms like Facebook, play a crucial role in shaping investment trends. How does a simple “like” on Facebook affect the valuation and investment in fintech companies? Famoid explains why businesses should buy Facebook likes to boost their social media presence. Let’s explore the dynamic relationship between social media engagement and investor confidence in the financial technology industry.

The Role of Social Media in Modern Investment Decisions

Social media has transformed the way investors evaluate potential opportunities. Facebook likes, shares, and comments can significantly impact how investors perceive fintech startups.

  • Visibility and Reach: A high number of likes can increase a company’s visibility, attracting the attention of investors who might not have heard of the startup otherwise.
  • Social Proof: Likes serve as a form of social proof, suggesting that a company is trustworthy and popular, which can be enticing to investors.
  • Market Sentiment: The level of engagement on Facebook can indicate market sentiment and potential consumer interest in a fintech product.

Case Studies: Fintech Startups and Their Social Media Success Stories

Several fintech startups have successfully leveraged Facebook to boost their investment profiles. Here are some notable examples:

  • Revolut: This digital banking app gained massive traction on Facebook, translating likes and engagement into significant venture capital investment.
  • TransferWise: Now known as Wise, this company used Facebook to educate users about their service, leading to a substantial increase in both user base and investor interest.
  • Robinhood: The trading platform harnessed the power of social media to grow its user base and attract considerable funding.

How Facebook Likes Translate into Investor Interest

Investors are increasingly looking at social media metrics as part of their decision-making process. Here’s how Facebook likes can influence their choices:

  • User Engagement Metrics: High engagement levels on Facebook can indicate a strong and active user base, which is attractive to investors.
  • Brand Awareness: A large number of likes can enhance brand recognition, making it easier for investors to trust and invest in the company.
  • Feedback and Reviews: Positive feedback and high ratings on social media platforms can boost investor confidence in a startup’s potential.

Leveraging Social Media for Fintech Investment Growth

Fintech companies can strategically use Facebook to attract investors. Here are some effective strategies:

  • Content Marketing: Regularly posting informative and engaging content can increase likes and shares.
  • Community Building: Engaging with users through comments and messages can create a loyal customer base.
  • Advertising Campaigns: Targeted ads can boost visibility and attract potential investors.

READ ALSO: Economy in the Age of Social Media: How Influencers are Shaping Finance and Business

Conclusion

Facebook likes can play a pivotal role in the growth and investment of fintech companies. By understanding and leveraging the power of social media engagement, fintech startups can attract more investors and accelerate their growth.

Harnessing the True Power of Cryptocurrencies and Blockchain Technology

Posted on by Karson Gardner

In the dynamic realm of finance, people are progressively exploring diverse methods to make money. Among the ways that can truly open your eyes to various money-making strategies is offered by The Real World Tate, with a growing inclination towards harnessing the potential of cryptocurrencies and blockchain technology.

These cutting-edge approaches offer a reliable, decentralized, and streamlined avenue for handling assets and transactions.

A Paradigm Shift in Finance empowered by the Real World

bitcoin for financial growth

Let’s be real here, Ethereum, Bitcoin and the whole cryptocurrency market set a new standard in the financial system that affected the industry. It offered a decentralized approach that is new to what traditional institutions offer. Cryptocurrencies have taken advantage of cryptography to provide encrypted transaction while also maintaining transparency to users.

Individuals can experience faster and more cost-effective cross-border transactions by embracing cryptocurrencies, reducing reliance on traditional banking channels.

The Backbone of Security and Transparency

Blockchain is the technology used to operate cryptocurrency transactions. You can think of this as a digital ledger in which the function is to record hundreds of thousands of transactions through series of computers. This technology ensures transparency, security, and immutability, making it an ideal solution for financial transactions.

By leveraging blockchain, individuals can experience a higher level of trust, as every transaction is recorded and cannot be altered retroactively.

Diversification through Cryptocurrency Investment

Venturing into cryptocurrencies opens a distinctive path for investment, enabling individuals to broaden their portfolios beyond conventional assets such as stocks and bonds. Despite the undeniable volatility in the cryptocurrency market, strategic and well-informed investment decisions have the potential to generate significant returns.

As with any investment, it’s crucial to immerse oneself in thorough research and keep a finger on the pulse of market trends. This provides a robust base for making informed and wise financial decisions. By adeptly navigating the ever-changing terrain of the cryptocurrency market, investors can position themselves for potential gains while effectively managing risks.

Decentralized Finance (DeFi)

The emergence of decentralized finance, or DeFi, represents a significant stride toward financial inclusion. DeFi platforms leverage blockchain to provide financial services without traditional intermediaries, allowing individuals worldwide to access banking, lending, and other financial services. This type of financial democratization has made it possible for people to have access to the conventional banking system, which they were prohibited from before.

Best Practices in Cryptocurrency Management

As you embark on your journey to financial success through cryptocurrencies, adopting best practices is essential. This includes securing your digital assets with hardware wallets, staying informed about market trends, and diversifying your cryptocurrency portfolio to mitigate risks. Additionally, understanding the regulatory landscape surrounding cryptocurrencies in your country is vital to be certain that you remain compliant at all times.

A Brief Overview about Georgia’s Car Accident Laws

Posted on by Maurice Quinten

cae crash A car accident loan is a form of financial assistance that typically arises whenever an individual involved in a personal injury lawsuit, seeks legal funding in order to claim compulsory damages resulting from a car crash incident.

In Georgia, a lawsuit lending company approves and grants the loan based on the anticipated settlement that a court will award; but only after it has been proven that the other driver was at fault and had caused the collision as a result of negligence or wrongdoing. Moreover, a lawsuit loan differs from a traditional loan because payment of the cash advance will be taken from the proceeds of lawsuit judgement.

In the event that a plaintiff does not receive the anticipated settlement, he or she is not required to reimburse the lawsuit loan company for the cash previously advanced as lawsuit funding.

A lawsuit funding is a necessity in a state like Georgia where a personal injury lawsuit has to follow the Fault Rule when filing a case directly against the other driver. The purpose of which is to make the allegedly at-fault driver pay for economic and non-economic damages, and in some cases, punitive damages caused by the car crash.

What Exactly is the Application of the Fault Rule in Relation to Auto Insurance Claims?

States in America are either a Fault or No-Fault state when it comes to filing for insurance claims and compulsory damages. Georgia for one follows the Fault Rule, which allows a driver to file a direct lawsuit to the other driver; to claim compensation for bodily and property damages sustained as results of a motor vehicle collision.

The filing of the claim is regardless of the severity of the damage and/or injury sustained by that other driver; especially if there is clear proof of negligent or careless behavior such as “Driving Under the Influence (DUI).” In such cases, the alleged DUI driver can be compelled by law to pay economic, non-economic, exemplary and/or punitive damages if it is proven in court that he or she was driving under the influence of an intoxicating substance.

personal injury damagesUnder the Fault Ruling, a car insurance company will be obligated to pay economic damages like medical and hospitalization bills, or non-economic damages like loss of income and other lost financial opportunities, only if there is strong and clear evidence that the driver being sued is at fault.

Yet this is also subject to the condition that the plaintiff’s level of fault in causing the car crash, is in no way equal or more than the level of fault pinned on the driver being blamed for the crash. In which case, the amount of compensation received can be affected by the level of fault attributed to the plaintiff as cause of the car crash.

In contrast to a No-Fault state like Florida, individuals who encountered motor vehicle mishaps while in Georgia, can directly pursue a claim for full redress and compensation against a driver accused of being at-fault for the collision. That stands opposed to the No Fault Rule, which allows the claiming of damages via lawsuit, only if the cost of damages exceeds the insurance coverage and liability protection of the vehicle.

Credit Score Chronicles: How Political Movements Impact Your Creditworthiness

Posted on by Lyda Krystelle

credit cards

Financial decisions are increasingly shaped by external factors, your credit score stands as a crucial indicator of your financial health. Beyond individual financial habits, the ebb, and flow of political movements can also play a significant role in determining your creditworthiness. Join us as we delve into the intricate web of connections between politics and credit scores, exploring case studies, historical events, and recent developments to shed light on the tangible impact of political shifts on your financial standing.

Unraveling the Impact of Credit Cards on Creditworthiness

In the intricate tapestry of creditworthiness, credit cards stand as both a tool for financial flexibility and a potential influencer of credit scores. How individuals manage their credit card accounts can significantly shape their creditworthiness. You can manage your credit card account online. If you are a holder of Destiny cards, use the Destiny card login feature to manage your account online.

Credit cards provide an avenue for establishing and building credit history, a vital factor in determining credit scores. Responsible and timely repayment of credit card balances can contribute positively to one’s credit profile. On the flip side, maxing out credit limits, missing payments, or carrying high balances relative to the credit limit can have adverse effects, potentially leading to a decrease in credit scores.

READ ALSO: Neobanks : Entirely Digital Technology-Based Financial Services

The Nuances of Credit Card Usage

The type of credit used plays a role in credit score calculations. Credit scoring models consider the diversity of credit accounts, and credit cards, when used judiciously alongside other types of credit like installment loans, can contribute positively to this mix.

Understanding the nuances of how credit card usage impacts creditworthiness is paramount. By using credit cards responsibly, individuals can not only navigate the financial landscape more effectively but also work towards maintaining and improving their credit scores. This proactive approach to managing credit cards becomes an integral part of the broader strategy to safeguard and enhance overall financial well-being.

The Political Tapestry: A Prelude to Credit Scores

Before we unravel the stories of how politics intertwines with credit scores, it’s important to understand the broader landscape. Political movements can affect creditworthiness through both direct and indirect channels, painting a vivid backdrop for our exploration.

The Direct Impact: Legislative Changes

Political decisions, particularly those related to financial regulations, can have a direct influence on credit scores. Changes in laws governing lending practices, interest rates, or even bankruptcy regulations can send ripples through the credit landscape.

  • Case Study 1: The Dodd-Frank Act In response to the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act was introduced, marking a pivotal moment in financial regulation. This legislation, designed to avert future economic crises, implemented more rigorous regulations on financial institutions. Its effects were distinctly felt in the realm of individual credit scores, as it played a pivotal role in shaping lending criteria and assessments of borrower risk. The repercussions of the Dodd-Frank Act underscore the intricate relationship between financial regulations and the creditworthiness of individuals, highlighting the far-reaching consequences of such legislative measures.

The Indirect Influence: Economic Climate

Political movements also shape the economic environment, indirectly affecting credit scores. Shifts in government policies, international relations, and geopolitical events can create economic conditions that impact employment rates, inflation, and overall financial stability.

  • Case Study 2: Brexit and the Pound’s Fall The United Kingdom’s decision to exit the European Union, known as Brexit, had far-reaching consequences. The subsequent depreciation of the British pound increased inflation, leading to economic uncertainty and impacting the creditworthiness of individuals and businesses alike.

From History to Present: A Journey Through Time

To truly grasp the intersection of politics and credit scores, let’s embark on a journey through historical events and recent occurrences that showcase the dynamic relationship between the two.

Historical Lens: The Great Depression

  • The Stock Market Crash of 1929 The aftermath of the Great Depression saw a significant tightening of credit conditions. As political responses sought to stabilize the economy, individuals faced challenges in maintaining their creditworthiness, reflecting the profound impact of political decisions on personal financial standing.

Contemporary Chronicle: The 2008 Financial Crisis

  • Subprime Mortgage Crisis Political decisions leading up to the 2008 financial crisis had a profound impact on the housing market. The subsequent collapse of the subprime mortgage market not only triggered a global economic downturn but also left countless individuals grappling with damaged credit scores.

Navigating the Current: Politics and Credit in Today’s World

In the contemporary landscape, political movements continue to exert their influence on credit scores. From trade wars to global health crises, the interconnectedness of politics and finance remains a constant.

  • Recent Event: The COVID-19 Pandemic The pandemic prompted unprecedented economic responses worldwide. Government stimulus packages and financial relief measures aimed at mitigating the pandemic’s impact played a role in shaping credit environments, with credit reporting agencies adapting their models to account for the unique circumstances.

Safeguarding Your Credit Score: Practical Tips

In the face of these intricate dynamics, how can individuals safeguard and improve their credit scores? Consider these actionable tips:

  • Regularly monitor your credit report for any discrepancies.
  • Stay informed about legislative changes that could impact your financial standing.
  • Diversify your financial portfolio to mitigate risks associated with economic fluctuations.

Conclusion

As we conclude our exploration into the Credit Score Chronicles, it’s evident that the interplay between political movements and individual creditworthiness is a multifaceted saga. From legislative changes to economic shifts, the journey through time reveals a narrative that continues to unfold in the present day. By understanding these dynamics and taking proactive steps, individuals can navigate the complexities and fortify their financial well-being.

Economy in the Age of Social Media: How Influencers are Shaping Finance and Business

Posted on by Ned Queen

social media icons

Social media platforms have become more than just a means of communication and entertainment; they have evolved into powerful influencers of our financial decisions and the broader business landscape. With platforms like TikTok garnering millions of views, it’s essential to explore the significant role that social media influencers play in shaping our economy and impacting financial choices.

The Rise of Social Media Platforms like TikTok

Social media, a virtual realm where users connect, share, and engage with content, has seen an explosive growth in recent years. Platforms like TikTok, Instagram, Twitter, and YouTube have become integral parts of our daily lives. TikTok, in particular, stands out as a platform primarily driven by short, engaging videos. With its easy-to-use interface and algorithmically curated content, TikTok boasts billions of monthly users who spend countless hours scrolling through their feeds.

The Power of TikTok Views

At the heart of TikTok’s allure are its views. A TikTok view represents a user engagement metric, indicating the number of times a video has been watched. The more views a video receives, the more it spreads across the platform, potentially reaching millions of users. This viral nature of TikTok has led to the emergence of individuals known as social media influencers, who use their charismatic personas and content creation skills to capture the attention of vast audiences.

The Influencer Economy

Social media influencers have transcended the role of mere content creators; they have become trendsetters and tastemakers. Their opinions and recommendations hold sway over various aspects of our lives, including what products to buy, where to travel, and even how to manage our finances. In the age of the influencer economy, individuals with substantial followings wield significant power.

Influencers and Finance

When it comes to finance, social media influencers are not only discussing stocks and investments but also providing insights and advice that resonate with their followers. Whether it’s explaining the basics of budgeting, promoting financial literacy, or endorsing specific financial products, influencers are playing a pivotal role in shaping financial decisions. For instance, an influencer’s endorsement of a particular investment strategy can lead to a surge in interest and even impact the stock market.

The Impact on Businesses

The influence of social media extends beyond personal finance. It directly affects businesses and their strategies. Companies are increasingly collaborating with influencers for marketing campaigns, recognizing the potential of reaching a massive and engaged audience. This trend has reshaped traditional advertising methods, pushing companies to adapt to the digital era. The rise of influencer marketing has also led to the growth of small businesses, as influencers can significantly boost the visibility of niche products or services.

Measuring the Economic Impact

Quantifying the exact economic impact of social media influencers can be challenging, but their influence is undeniable. It’s not just about direct sales; it’s about brand awareness, consumer trust, and the ability to drive trends. The digital landscape allows for immediate feedback and data analysis, enabling companies to track the effectiveness of their influencer partnerships. This data-driven approach is transforming how businesses allocate their marketing budgets.

The Future of Social Media Influence

As social media continues to evolve, so will the influence of its creators. The role of influencers in finance and business will likely become even more pronounced, with increased regulations and scrutiny. However, their authenticity and relatability will remain crucial. Users are drawn to influencers who provide genuine insights and recommendations, rather than those who prioritize financial gain.

Read also: Basics Of Financial Responsibility

Conclusion

In the age of TikTok views and social media influencers, the economic landscape is undergoing a transformation. These digital trendsetters are not only shaping our financial decisions but also redefining how businesses market their products. As we move forward, it’s essential to recognize the influence of social media on our economy and adapt to this ever-changing digital landscape. Whether you’re an individual seeking financial advice or a business looking to stay competitive, the impact of social media influencers cannot be ignored.

Basics Of Financial Responsibility

Posted on by Grace Alita

 

 

The concept of being financially responsible has taken off. “You need to be more financially responsible!” is a phrase that is frequently used, but what does it actually mean? How do you accomplish this?

Financial responsibility can take many different forms for various people. There are many aspects of your personal financial responsibility, and even more tools are available to support you in achieving it. Here are some tips to secure your Financial Responsibility Insurance Certificate in Texas.

 

The Top 5 Financial Responsibility Tips

 

When you look at how much debt the average Citizen has, it’s clear that staying on top of your finances is easier said than done.

 

It’s crucial to start modestly so you can make progress gradually. Making tiny lifestyle changes will increase your likelihood of sticking with them over time, and maintaining financial responsibility is as long-term as it gets.

Here are a few quick ideas you may use right away to enhance your financial behavior.

 

Think ahead

 

As you move through different phases of life, circumstances change. A father of two has very different financial needs than a student living on campus!

While you’re at one stage, it doesn’t hurt to keep looking ahead!When you don’t prepare, you prepare to fail, as the saying goes. It’s more challenging to succeed if you don’t make financial plans in advance.

So how does this appear? You must keep your future demands in mind while you make current financial decisions.

 

Pose inquiries

 

No matter your age, there’s no need to be an complete expert at handling money! Make sure to inquire about it since individuals must continually learn new things.

How much of your earnings ought to be put aside? What kind of account should emergency funds be placed in? How much should you invest in your children’s RESPs? All of these are crucial inquiries to ask when it comes to money, and the more you ask, the more you’ll learn.

 

Set a budget.

 

Being fiscally responsible doesn’t mean you have to avoid going out to eat, taking trips, or making large purchases; it just means saving money wisely so you can do so without maxing out your credit card.

You might feel more in control of your money by making a budget and saving for those enjoyable purchases. Here are some easy steps to help you establish your own budget if you don’t know where to begin.

 

Moreover, be able to maintain a budget.

 

A budget is only as effective as your commitment to following it. You’ll be much more successful if you know how to stick to a budget.

Making a budget, on the other hand, is probably the simplest step.Your plan is your budget. Maintaining it is really acting in the direction of greater financial responsibility.

Use credit cards wisely.

 

The use of credit cards has a drawback. They have the potential to be excellent financial tools when used sensibly.

Credit card debt may be catastrophic if handled carelessly.

 

Conclusion

 

Financial responsibility is a lifelong endeavor, much like getting in shape or picking up a new skill. It requires effort, and the more you practice, the more proficient you’ll get. Your budget may have a bumpy start, but things get better.

So keep going! Although it can be challenging at first, financial responsibility is always worthwhile.

How Technologies Make Trading Websites Easier to Navigate?

Posted on by Karson Gardner

When it comes to trading, things can get a bit overwhelming. There are different markets, different brokerages and many other factors that all need to be taken into consideration.

Thankfully, there are also a number of technologies available that make trading simpler. With the right tools, traders can find the information they need much faster and with less stress.

From artificial intelligence and virtual assistants to voice-based searching and natural language processing, here’s how technology can make trading websites easier to navigate.

AI Helps Find the Right Information Fast

Artificial intelligence is a key feature of many trading websites today. An AI system can quickly gather a great deal of information about the market and specific assets, which can make it easier for traders to find the data they need.

An AI system works to find the optimal data on the fly. It can identify the data you need and then gather it quickly and efficiently. This makes it simpler to find and collect the data you need with less effort.

Virtual Assistants Make Research Easy

With a virtual assistant (VA), you can configure your search to bring you only the information you need. You can customize your VA to search for specific types of data, including news, charts, stock prices and more. 

VAs can also be programmed to offer alerts in certain situations. For example, you can set up the system so that you receive an alert when a specific stock hits a certain price. VAs can find and gather data from multiple sources at once.

This can make research easier, especially when you’re dealing with a large number of assets. In addition to that, VAs can be programmed to offer translations. Through this service, it enables you to easily find information you need. The best part, it doesn’t matter regardless of what your location is. VAs can make it happen. Software technologies can also help you in your research about the forex prop firm e8 funding.

Natural Language Processing Makes Data Understanding Easier

Natural language processing is another technology that can be found on many trading websites today. NLP is a technology that makes it easier to understand the data you find. It helps you to understand graphs and charts, as well as other types of data.

NLP works by converting the data you find into a more readable format. It helps to simplify and organize the data, making it easier to understand.

Understanding Financing Options for Your Startup Business

Posted on by Karson Gardner

Starting a business from scratch is not cheap. In fact, launching a new company can be extremely expensive, particularly in the early stages. Even if you have ample savings or financing from family and friends, most would-be entrepreneurs will struggle to find enough capital to get their venture off the ground.

The good news is that there are numerous financing options available to small business owners who need financial support when launching a new company.

If you want to start wholesale cabinets or other types of businesses, consider these startup financing options when starting your business.

Bootstrapping

Bootstrapping is the classic way to finance your startup. The basic idea is that you find ways to minimize your costs and try to keep your spending as low as possible.

A bootstrapping approach can save you tens of thousands of dollars over the course of a year and help you to get your company off the ground without outside financing.

Bootstrapping can involve a wide range of activities, including searching for second-hand equipment, negotiating with suppliers, limiting your office space and hiring part-time employees, and finding low-cost advertising and marketing strategies.

Debt Financing

Debt financing refers to the practice of borrowing money by taking out a loan. While debt financing is not always a good idea for a small business, it can be an excellent way to get the money you need to get off the ground. Debt financing is usually provided by a financial institution, like a bank or credit union, and can be repaid over a period of years with interest.

Small Business Loans

Small business loans are another great option for startup financing. If you’ve been in business for a few years and have a good credit score, you may be able to get a small business loan with a low interest rate.

There are a variety of different small business loan options to choose from, including business cash advances, business lines of credit, business equity loans, and business credit cards. You can use a business cash advance to pay for any necessary startup expenses, such as marketing, inventory, or equipment.

Equity Financing

Equity financing, or equity investments, are often obtained from venture capital groups. Equity investments give investors an ownership stake in your company in exchange for cash. An equity investment may also come from a convertible note.

Being mindful about these options will help you in building your business from ground up. At the same time, it is going to give you enough cushion to fund your operations and other essentials for your business to survive.

Must-Have Technologies to Use to Pay Loans Faster 

Posted on by Karson Gardner

Did you know that the average time it takes for a small business to pay its vendors is 60 days? Not only does that put strain on cash flow, but it also means paying loans faster if you want to reinvest your profits sooner.

If you got a guide on getting your own USDA mortgage and it’s now time for you to pay, there are many technologies that can help you pay faster and reinvest sooner. Here are technologies to help you do just that.

Automated Accounting and Reconciliation

If you’re using a software to manage your accounting, you can have it automatically perform reconciliations for you. You can have it automatically track the payments that you’ve received and the bills that you owe. That way, once you have all of your payments and bills in one place, it’s much easier to pay loans faster.

You can also have your software automatically suggest a payment date. That’s helpful if you have multiple bills or loans and need to pay them all off in a certain time frame.

Cloud-based Software for Faster Payments

There are two main types of accounting software: on-premise and cloud-based. On-premise accounting software is installed on your computer. Cloud-based accounting software is hosted online and accessed through an app on your phone or computer.

Most accounting software providers have both on-premise and cloud-based software. The advantage of cloud-based accounting software is that it’s typically easier to use, cheaper, and comes with extra features.

Electronic Invoicing and Digital Ledgers

Another technology that can help you pay loans off faster is electronic invoicing. While you’re working with vendors, get them to switch to electronic invoicing, as it’ll make accounting and payments easier. This will also help you track your expenses.

A digital ledger is a technology that’s used to record and manage assets and financial transactions. It’s a cloud-based software that allows you to keep track of your financial transactions and assets. It allows you to track the flow of cash in and out of your business more accurately and efficiently.

Organizational Changes for Fast Payments

If you’re already using technology to manage your accounting and payments, there are some organizational changes you can make to speed up payments even more. Here are some ideas:

  • Keep a ledger of all your bills.
  • Automate your reminders to pay bills.
  • Organize your bills by due date.
  • Make a payment schedule.

Essential Tips to Help Improve Your Company’s Cash Flow

Posted on by Grace Alita

Cash flow is the term used to describe the movement of cash in and out of a business. Cash flow is important because it can determine whether or not a company is profitable.

There are three main components that make up a company’s cash flow:

  1. Cash from operations – how much cash the company has coming in from its day-to-day activities,
  2. Cash from investing – how much money the company spends on investments such as buying property, equipment, and inventory,
  3. Cash from financing – how much money the company needs to borrow or raise in order to invest.

What are the main causes of a low business’ cash-flow?

Cash flow is the amount of cash a company has available at any given time. It is an important indicator of the financial health of a company. A low cash flow is a major problem for any business. It is the reason why many businesses fail.

A low cash flow can be caused by many factors. One of them is that the company doesn’t have enough capital to start up and another one would be that the company has too much debt.

There are many causes of low business cash flow and they can be divided into two main categories:

  • Internal factors
  • External factors

Internal factors are those that originate from within the company and are related to management decisions, operations, and financing.

External factors include macroeconomic conditions, such as changes in interest rates or currency values. , and the competitive environment. Internal factors relate to management decisions, operations, and financing.

Read also: Thousands of Businesses Are Affected By Technological Advancements

Take advantage of Net 30 Accounts To Improve Your Business Cashflow

A net 30 account is an agreement between two parties to pay at the end of the 30-day period. It’s important for a company to focus on improving their cash flow by paying their receivables into cash as quickly as possible or extending their terms with vendors. List of verified NET 30 accounts is available at websites.

Ways to Improve Business Cashflow:

Cash flow is a major factor in the success of any company. It is important to know how to improve cash flow and how to fix a low company’s cash flow.

  • Understand your cash position: The first step in fixing your company’s cash flow is understanding your current position.
  • Increase revenue: The second step is to increase revenue by selling more products or services.
  • Pay down debt: The third step is to pay down debt by paying off outstanding loans and credit cards, as well as other types of debt such as accounts payable, taxes, etc.
  • Reduce expenses: The fourth step is to reduce expenses by cutting costs on things like office space, utilities, and supplies.
  • Improve collection efforts: The fifth step is to improve the collection efforts by increasing collection rates by offering a more structured payment plan, changing the appeal process, or finding ways to collect on money that has gone missing.

Conclusion:

Why should you improve your cash flow? Cash Flow is a crucial factor in any business. It is important to understand why this is so, and what you can do to improve your own cash flow. This could improve the ratio of business assets/debt less than liabilities for the company, which would help the company stay current on its financial obligations and keep it competitive.

PayPal Admits Rewards Program Failed, as Millions of Fake Accounts Were Opened

Posted on by Maurice Quinten

Paypal CFO John Rainey revealed that the company found 4.5 million accounts created illegitimately by bots in connection with a customer rewards program. Although PayPal has already shut down the accounts, many took advantages of the incentives, which according to Bloomberg had caused Paypal’s stock market shares to go down by 25%. Actually, the rewards campaign was in line with PayPal’s objective of reaching 750 million active accounts by 2025. Apparently after the discovery, the goal is out of reach for now.

According to CFO Rainey, it is their practice to periodically assess their active account base, to make sure all are legitimate. It;s actually one way of avoiding bad actors, In this recent case, they collected benefits from the incentive campaigns without mutual participation as a legitimate customer of Paypal.

How Did the Account-Opening Rewards Program Work?

In the past two years, PayPal garnered 120 million new customers and now currently have a total of 426 million accounts as ecommerce boomed. CFO Rainey mentioned how PayPal focused on incentivized customer acquisition tactics more than ever. One instance is how the company had an offer that deposited $5 or $10 dollars to their customer’s account after signing up for Venmo or Paypal.

Trouble arose when bots created accounts automatically ny visiting websites but only for the purpose of collecting the rewards offered as incentives. PayPal’s CFO mentioned how the company is transitioning to a sustainable growth and driving engagement instead to make legitimate customers use their apps more frequently.

Point Predictive co-founder Frank McKenna acknowledges how this is the first time he has seen a company to admit how fraudsters take advantage of new account incentive programs in this scale.

Let Wallin Hester Lawyer Plan Finances

Posted on by Ned Queen

Organizing your own finances is a demanding task. Many factors are important in order to achieve systematic planning and secure the financial future. Many people now ask themselves; why consult a lawyer with finances? The answer is simple; because risk planning is an important part of financial planning.

The different aspects of financial planning with Wallin Hester lawyers

 

Debt Management

Debt has a number of reasons. Sometimes you are an unwanted burden, sometimes part of economic investment. But it is precisely in this area that it is important that contracts are optimally designed. The reason for this is that errors in financial planning cost time and money. It makes sense to hire a lawyer who deals with this issue and analyzes the current situation and develops a meaningful future. You can look for the Click here button when planning to book an appointment with a lawyer on their website.

Prevention management

Nobody is safe from emergency situations. If these develop into a personal and economic burden, the advice of a lawyer is recommended. The legal advisor will advise you on issues such as living wills, power of attorney and much more. You can get support in their office.

Asset structuring

A detailed analysis of the current situation and its assessment in legal and economic terms reveal potential risks. Your lawyer will recognize this and make appropriate preparations to enable sustainable asset management. This is how you get the most out of your financial resources.

Retirement Planning

Is your retirement safe? As a lawyer, they incorporate various legal framework conditions into the assessment and analysis of your current retirement structure. Lawyers can plan your finances efficiently with you.

https://wallinhester.com/

Generation management

Your ideas and wishes are the focus of generation management. As lawyers, they support you in compliance with current tax, economic and legal framework conditions. Together with you, they will find implementation options and implement your ideas in a beneficial way.

Risk management

Planning finances in an advantageous manner also means removing unnecessary and adding useful things. This also applies to your current insurance. Are the services still up-to-date and the costs legitimate? Lawyers bring light into the dark and give you the right answers.

Thousands of Businesses Are Affected By Technological Advancements

Posted on by Ned Queen

Technological innovations are changing the way countless companies work. It is customers in various sectors who benefit from these mostly customer-oriented developments. Today there are alarm systems that can detect toxic substances, medical devices that can save lives, and computer software that operates important health tools. The use of technology has brought about many changes in the financial sector in recent years. The ‘Global FinTech Report 2017’ by consultancy organization PwC shows that 77 percent of financial institutions want to invest more in innovation. In doing so, these companies aim to embrace the disruptive characteristics of FinTech. The underlying research shows that FinTech companies are a popular alternative for customers in making payments, transferring money, and taking out loans through alternative financing. In other areas, such as insurance and asset management, FinTech companies are less popular, but growth opportunities are certainly not ruled out. Specific areas where FinTech is most likely to disrupt and improve the customer journey are customer service, online banking, and fraud detection.

In cases of fraud, you can discuss matters with tested lawyers like those enlisted with LA Century Law. Understand your rights and what you can do in cases of fraud detection.

Customer service

 

Perhaps the biggest change in the financial sector as a result of the rise of FinTech is visible in customer service. In the past, it was essential for any financial services provider to have a strong customer service team on hand. After all, this industry is all about money and as soon as mistakes are made, they have to be solved quickly. Emotions can also run high in financial matters. So it was essential to have well-trained staff. Today this is different. Chatbots are developing rapidly and are already getting along well with customers. Algorithms based on artificial intelligence are trained and then learn on their own without further human intervention. Over time, the robot gets better and better, until it becomes indistinguishable from a human. There are already several videos online from Google, among others, showing how a robot performs human actions. Like a robot ordering a pizza over the phone, while the person on the other end of the line does not realize that he is communicating with a robot. An AI algorithm may not have human characteristics such as emotions, but why pay people when robots can do the work for free?

Online banking

 

In the past, banking was an activity that took place offline. Consumers went into town to withdraw money, make transfers and arrange financial matters at their bank. It was normal to talk to ‘real people in a ‘real’ shop. After all, it was about money. So this must be done safely, they thought. Nowadays it is still very exceptionally necessary to go to the bank branch. Most people born in this century have never been to a branch of a bank anyway. Because why would you? With an app, you can easily transfer money, view your balance, trade on the stock exchange and make bill payments. These developments could disrupt traditional banks. And if banks do not go along with this transition, they run a great risk. If you still have to go to the bank branch at bank X to open an account, but you can do this at home from the bank at FinTech start-up Y, the choice is easily made.

Fraud Detection

 

Investigating and identifying fraud has traditionally been a collaboration between man and machine. The computer helped identify potentially fraudulent practices, but in the end, it was a trained employee who made the decision and checked everything by hand. Artificial intelligence, however, is developing so quickly that it goes beyond the capacity of humans – and can therefore detect and prevent fraud completely independently. An AI-powered system can view a customer’s credit history and determine whether a transaction fits or not. It can then be seen as fraud and action can also be taken in the form of blocking transactions or warning the customer. This can all be done faster and more efficiently than if an employee does this, which obviously saves costs. All in all, these are just a few areas where technology can profoundly impact the financial sector. The main form of disruption is therefore also progression. This progress means that the existing people and processes are gradually becoming redundant and need to be replaced. This is a long-term development and it could be years before people really become redundant in the financial sector. But it is clear that many employees of traditional banks fear for their jobs. However, it has been clear for a long time that technology is developing towards a tipping point where technology is more efficient than the people who developed the system. This point is getting closer and closer as machines become smarter, faster, and less error-prone.

High Returns Mean Profitable Investments?

Posted on by Ned Queen

Investment professionals know that the highest return is not always the best return. If you want to invest your saved money profitably, you have to carefully examine investments with high returns. It is important to have a certain amount of mistrust when investing your money. High-interest rates in the double-digit range usually go hand in hand with equally high risks for the loss of total capital.

Profitable investments are not based exclusively on a good return, but rather on the right balance between collateral and profit opportunities.

investments with high returns

Therefore, not every investment with a high return is a successful investment

Where are the best interest rates for a high return? If investors deal with promised interest rates before investing their capital, they should not automatically invest their money in the first investment opportunity in the double-digit interest rate range. However, high returns of this kind may be included in the portfolio. A good return is of little use if there is no distribution before the loss of capital.

A good return starts at 4% pa

There is talk of financial investment with a high return starting at 4% pa. In the current low-interest market, you will not achieve this interest rate if you invest your money in classic investments such as savings books. Most savings accounts don’t even hit 2% these days. But it should be at least as much so that the invested capital does not experience devaluation due to inflation. If you want to invest money profitably, minimum interest rates of between 4 and 5% pa are required.

Where to get the most interest on money?

High returns are in the double-digit range. They can be the prospect for securities, funds and other stock market products, for example. As a saver with limited capital, you should invest little or no money in most of these investment opportunities. High-interest rates of this kind characterize high-risk investments and therefore encourage healthy mistrust. Investments of this kind shouldn’t gain the upper hand on your portfolio. According to studies, the best overall return is waiting for investors who distribute their capital across various types of investment and classes.

5 Tips to Save More Money Buying Gadgets

Posted on by Grace Alita

iPhone 12

 

Are you planning to obtain a new MacBook or even the most recent smartphone? Significant buying choices, particularly associated with gadgets, are usually foiled by poor preparation, and saving abilities. Whatever it’s you’re eyeing, the buy would feel rewarding if it does not leave a dent in your savings. That is the reason stowing away money beforehand and saving cash for your fantasy gadgets is a fantastic idea.

Additionally, given the present situation including all the significant e-commerce not providing non-essential things, you’ve got the ideal chance to save all of the money you might otherwise have spent shopping. We’ve put together a list of additional useful methods to offer you a head begin to conserve the cash for purchasing a costly dream gadget.

1. Select Your Loan Or EMIs Constantly

If you’re in severe need of a brand fresh notebook or smartphone or some other gadget, then choosing no credit check electronics financing or swiping your charge card for EMI functions may appear that the ideal alternative. But, financial experts advocate this as an erroneous path. The interest rates will merely accumulate, and you are going to wind up paying additional for your gadget. So what is the ideal way out? We suggest that you select a loan that provides a competitive private loan with a rate of interest that stays unchanged during the tenure.

Most loans include a range of appealing features, such as the next.

  • Know your loan eligibility immediately — It is fast and may be done in a few moments
  • 100 percent electronic and paperless application procedure — No physical record entry
  • Aggressive private loan interest rates — Interest rate stays unchanged during the tenure
  • Adaptive loan tenures — By 12 months to 60 months
  • Easy & flexible loan repayment — Handle your loan against the program
  • Immediate disbursal for repaying loans — Eligible customers will get a pre-approved offer

Moreover, in regards to loans, you will find just two different types. The ideal type and the incorrect type! Loans for education, home, and companies count as great loans since that’s an investment that can give ROI later on. Gadgets come below ingestion, and they will not yield returns; therefore it’s far much better to tack on gadgets from stored cash instead of borrowed cash.

2. Prevent Retail Therapy

Retail treatment might provide you an idea of satisfaction initially, however, it will not last more than two-three days. The bill, however, remains! Rather, when it has to do with relieving anxiety, indulge in cheap activities like baking, exercise, volunteering, or even just a walk at the park. This can allow you to unwind and last more than real items where you’ll only splurge cash.

 

ALSO READ: Net Worth – What Is It And Why It Is Important?

 

3. Spend Money On Requires Not Wants

The biggest reason people aren’t saving nowadays is due to splurging on matters which aren’t needed. Right from clothing to outside dining twice per week, all this represents your ‘needs’ rather than ‘wants’.

If you’re seriously interested in purchasing your dream gadget, then create a funding journal and begin thinking down where the majority of your money moves. Thus, place a predetermined budget for every month and then cut back on unnecessary expenditures. That saved money could be led to your future dream gadget.

4. Produce An Different Finance Using A Goal Amount And Timeline

If you’re fighting with the notion of saving money, the ideal thing to do would be to prepare short-term finance for your dream gadget. Make sure a part of your salary/monthly earnings is automatically deducted over the first evening of this month on this fund. This is a great practice for those that are yet to restrain their financial urges.

Additionally, setting a deadline with this fund will allow you to knowingly deposit cash inside and purchase that gadget which you would like.

5. Adopt Earn-Save-Spend Ideology

Sticking to a crucial part of the financial economy would be to embrace the ‘Earn-Save-Spend’ ideology for a lifetime. The majority of us are inclined to begin with this ‘Earn-Spend-Save’ frame of mind after we originally start functioning. While that’s fine at first, this won’t help you attain your Financial Advice, let alone the cash that you would like for your dream gadget.

Hence, gradually shift into the ‘Earn-Save-Spend’ ideology, and you’ll have the ability to save money maybe not only for gadgets but also for other significant landmarks too.

At a time of societal outbreak such as COVID-19, together with incomes deducted and changes from the wages for nearly everyone, these conserving habits be convenient. And with little without spending aside from everyday survival, you should begin cultivating these customs at the moment. Look on the lighter aspect of this pandemic and hang out there.

 

The Impact of Technology on the Stock Market

Posted on by Grace Alita

Stock Market

 

Technological improvements have affected a lot of companies, authorities, social lives, and schooling.

These days, individuals are able to quickly access tools and information that they have to keep and operate their companies. Among the locations which have been heavily influenced by tech is that the stock exchange. If you would like to be prosperous in stock trading, then you must adopt the technology. For example an investor or investor, you might have understood how technology will help become a fantastic investor. Listed here are various ways technology affects stock markets.

Stock Agents and Tech

Before, traders in the stock market were able to shout out orders. They’d collect about the stock trading region and start yelling matches. As luck would have it, that’s no more the situation, as trading was made much simpler. These days, you don’t need to shout orders and you may readily receive the best stocks from exploring online.

Additionally, research has significantly enhanced. In years past people had to search for information from the library, contact providers, and examine fiscal literature. Now you can get the info that you need about various companies readily. Such features are being utilized by stock brokerage firms such as AJ Bell (read the AJBell reviews to learn more about them).

Digital Stock Trading

Technology has altered how individuals trade. For example, technology led to high-tech trading. That is where dealers need to buy and sell shares in a brief period. High-frequency trading can be referred to as trading.

It has a massive influence on people’s lives. That’s as it’s straightforward to create investments in inventory trading using minimal danger. In reality, you may also make a great deal of cash within one moment. Investors who are looking to make massive investments will probably always sense a fantastic influence on the yields.

Tracking Real-time Stock Performance

The usage of innovative computers has made it effortless to get and sell shares. In addition, it makes showing them very simple. This makes it to get investors or agents to be aware of the Share costs of a certain inventory and find the details in a couple of seconds. Additionally, you can find the info that you can trust. If you would like to put money into a specific business, you are able to readily collect a great deal of information regarding the firm before you spend your hard-earned cash.

Additionally, technology has significantly decreased the incidences of individual errors in trades. That’s due to the fact that nearly all of the trades are actually made by innovative computers. It’s simple to research about the organization’s advancement and pick the ideal investment and shut your transaction if you believe it’s at great risk. That explains why a lot of individuals opt for daily trading since it’s less risky.

The creation of the world wide web and technology would be the best revolutions. That’s because they’ve altered how folks execute their companies and also make transactions.

Utilization of Programs in Trading

Different stock trading programs are developed. These programs have made it a lot simpler to get the stock markets. Additionally, stock trading suppliers which are technology-driven have fewer overheads leading to a radical decrease in fees. You should notice that many traders and investors are switched off by enormous commissions since they decrease their overall earnings. With reduced prices, investors are now able to exchange any provided amounts and make wealth.

 

ALSO READ: P2P Payment Apps – Making Mobile and Online Banking Better Than Ever

 

The simple fact that these programs can be set up on smartphones means that they enable people to exchange anytime and anyplace. Therefore, individuals are less limited so far as stock trading is worried. The fantastic thing about the restricted method is the fact that it opens up a lot of chances that change how stock transactions are performed. As an example, it is possible to discover a good deal of sites that offer free trading. Using a demo account, you can understand the fundamentals of stock trading before you begin trading with real cash.

Speedy Transactions

You may agree that many trades are done immediately. In years past transactions were performed by crying from 1 individual to another and via phones. Now they’re performed online. As a consequence of trades that are rapid, more transactions are being implemented. As the marketplace changes occur, investors are now able to respond as swiftly as possible. Quick responses to this new information mean the markets continue changing faster than ever before.

Easy Decision Making

With easy accessibility to the world wide web, individuals are able to get the info that they require. In this manner, it is possible to readily make conclusions. As opposed to relying upon other people’s investigation and guidelines, they are now able to download business reports and create their own decisions if the investment is great or not. Additionally, the info that you get is comprehensive as many technological tools may examine it to you. Therefore, you’ve got all you want to make informed choices. A whole good deal of organizations provides you real-time details on stock markets. In this manner, they supply you with a chance to see prospective tendencies you need to capitalize on getting the most out of this ever-changing stock exchange.

Sporadic Shifts

It’s crucial to be aware that not all facets of technologies are useful from the stock exchange. There are instances where the inventory moves are discovered to have been actuated by false signs. Considering how fast information is disseminated within this age, there are cases where shareholders have depended upon misleading info. Additionally, automated trading has eliminated the demand for market signs. Additionally, automated transactions are discovered to cause abrupt shifts and fear within stock markets. Well, technology has also shown to help correct these scenarios.

Technology has revolutionized several businesses and regions of the earth. For example, it’s enhanced the standard of lifestyle, rapid fabricating, and has generated many elements of life more efficient and productive. The stock exchange and financial markets also have obtained their reasonable dose of technologies. These are a few of many techniques technology is changing the potential for stock trading. If technologies are eliminated from stock trading now, enormous losses will happen. It’s a proven fact to state that tech has had a huge effect on stock markets, and it’s likely to shape their own future. Bear in mind that technology has its own merits and demerits in stock trading and the monetary industry.

 

Tips For Getting Your Business Funded

Posted on by Ned Queen

Starting or expanding a business is an exciting and long-term process. Finding the necessary financing to take your business to the next level can often be a major stumbling block. Many lenders are skeptical of young companies. This article, therefore, discusses ways to get external financing for your business and we conclude with some short tips to pitch your business plan to the lender. Financing your business is often an important step towards a better company.

Crowdfunding
Since the banking crisis of 2007, confidence in banks has declined sharply. In response to this, the popularity of P2P (peer-to-peer) platforms has skyrocketed. These platforms act independently of traditional financial institutions and serve as a meeting place for entrepreneurs and potential investors. A good crowdfunding campaign with a well-thought-out business plan can be a very effective way to raise capital. Investors of all sizes such as ‘Robert Lewandowski Bitcoin’ can invest an amount of their choice in your company and thus provide your plans with the necessary financial support.

Private investors
Angel Investors (also known as Business Angels) are private investors who want to invest (part of) their equity in a start-up company in exchange for 20 to 25 percent profit on their initial investment. These are often successful former entrepreneurs who are willing to provide knowledge and expertise in addition to capital. Only if your company is a BV or NV, you can therefore attract such professional investors. Informal investors offer money in exchange for shares. They will therefore like to remain intensively involved in the business process even after the start. Depending on your personal expectations, this can be both an advantage and a disadvantage. Be aware of your interest (the company) and that of the investor (the return) and try to build an open and personal relationship with your lenders.

Personal capital
You may not think that this form of financing is very creative, but you might be surprised at the number of starters who have not thought of saving a nice amount before starting their business, or who wouldn’t think of using their own savings to start a business. Very few investors are willing to offer money when they see that you are not willing to put your hand in the fire for your cause. Financing your business often starts with investing the money yourself.

Advance Financing
The most common scaling problem that start-ups face is the inability to take a large new order or expand due to unforeseen success, as they do not have the capital to finance the product or expansion. With PIN Advance you have extra money that is immediately available. This way you can transfer all the necessary resources directly to the supplier and the profit can flow directly to your startup.

Starters BMKB
Have you been active as an entrepreneur for less than three years? Do you have a well-thought-out business plan, but do you currently not have collateral to provide the bank with sufficient security? Then the bank with which you want to apply for a business loan can use the Starters BMKB. This is a special government scheme to help start-ups when it comes to financing their business. If you take out a ‘starter loan’ of a maximum of 266,667 euros, the government guarantees 67.5% of this amount. Do you need more capital? Then you can also use a standard surety credit.

Net Worth – What Is It And Why It Is Important?

Posted on by Lyda Krystelle

Net worth – what is it exactly? A lot of us would wonder what this is and why it matters.

Your net worth is the amount of money you have when you minus all of your liabilities from your assets. It is the difference of what you own between what you owe. If you are able to calculate this and your assets surpass your liabilities, this would mean that your net worth is on the positive. On the other hand, if your assets are lower than your liabilities, your net worth is on the negative. The higher your net worth, the greater your value is on paper. While many have an average net worth, there are those who have high-net-worth and those who have ultra-high-net-worth. Check out https://pillarwm.com/why-it-matters-ultra-high-net-worth-or-high-net-worth/ to know more about this.

https://youtu.be/Rhb1ktnZh-o

Positive Net Worth And Negative Net Worth – What It Means

Knowing your net worth matters as it can reveal a lot of things. A negative figure would mean that you owe more than what you own and a positive figure means you own more than what you owe which is a good thing. However, having a negative net worth doesn’t automatically signify that you are careless or irresponsible when it comes to your finances. It simply indicates that, at present, you have more liabilities compared to assets.

Your net worth, similar to the stock market, can fluctuate. But, similar to the stock market as well, the overall trend is what’s vital. Ideally or if at all possible, your net worth should continue to increase as you grow older since you should’ve paid off some of your debts, build home equity, obtain more valuable assets and more. It is typical for your net worth to drop at one point as you start to dip into your investments as well as your savings for your retirement.

Why Is Net Worth Significant

We all have different financial goals as we have varied financial circumstances. Because of this, it isn’t easy to determine and set a standard net worth that would be true to all. Rather, you will need to establish your own net worth, both in the short and long term. 

With a positive and high-enough net worth, you will most likely have the capability to obtain more assets. As you acquire more assets, you carry on to grow your net worth. This is one major reason why the wealthy keep getting wealthier as they have high-net-worth as well as the needed liquidity to obtain more assets.

In the end, it is always wise to strive to grow your net worth since a high enough net worth will definitely aid you in reaching not only your financial goals but your life goals as well. Visit https://pillarwm.com/why-it-matters-ultra-high-net-worth-or-high-net-worth/ to learn more.

What To Consider When Looking For A Debt Collection Agency

Posted on by Lyda Krystelle

Regardless of the size of your company or business is, lending your clients credit is a symbol of good faith that you trust they would pay back their debts to you. Regrettably, at times businesses and companies are undervalued and taken for granted that debts are left unpaid. In the event you have exhausted all measures and efforts to collect what are due to you, you may want to consider hiring the service of a debt collection agency, such as Frontline Collections. To make certain the job is done right and effectively, it is essential that you do your research and are careful when choosing an agency. This is crucial since not every debt collection agency make use of the same collection practices and technologies.

Choosing A Debt Collection Agency To Work With

Although there are clever ways to avoid the process of debt collection, hiring a professional debt collection agency is at times the best move to take. After all, you have a company or business to manage and run, and handling clients with delinquent accounts could drain not only your energy but also your time, patience as well as your resources. With that, here are some things to take into consideration when choosing a debt collection agency to partner with in the debt collection process.

Know Their Specialization

Look for an agency that specializes in the kind of business you run, and agency that has had relevant experience collecting debts within your industry. Ask for recommendations or suggestions from your local chamber of commerce, your lawyer, accountant, or from other business contacts that you have.

Create A List Of Potential Collection Agencies

When you are able to get recommendations, create a list so you can assess each of the agencies and by setting up a meeting with those who have met your needs for them to give you a better picture of the services they provide. Prepare any questions you may have, including the type of technologies they make use of for the collection process.

Ask About Their License

Don’t forge to ask the collection agency about their license. Some agencies are licensed to collect in all states whereas others are only permitted to collect in certain states. If the agency is licensed to collect in all states, know if they do skip tracing, wherein they trace the debtor making use of databases particularly if the debtor relocates and doesn’t leave any address or contact information. If the agency is only licensed in a number of states, then they won’t be able to do skip tracing and collect the debt.

Know If They Have Insurance

An insurance is imperative as this will give the collection agency but you as well protection in the event the debtor decides to take legal actions.

Discuss Fees

Of course, a debt collection agency is a business and so they have fees to be paid. Discuss with them how much they charge, if their fees are dependent on the amount of debt they collect or if there’re setup fees. Also discuss with them their success rate in terms of collecting debts to make certain their fees are justifiable.

Simple Explanations on How APIs Work

Posted on by Maurice Quinten

Most online consumers have encountered the term API and are quite interested to find out more; beyond the technical jargon of what the acronym stands for: Application Programming Interface.

First off, API is a product that is usually offered to developers of applications or resource platforms that will allow the offering of a specific product or service to consumers by way of digital technology.

Know that the term interface refers to a program that enables mobile app user to connect to a platform from which they are requesting a service. An API allows communication between the app user’s device and a specific service provider’s platform.

Simple Example of How APIs Work

The simplest example is when a user of a Facebook Messenger app wants to send a message to other FB Messenger users. The API acts as the conduit or intermediary program that will connect the requesting party to Facebook’s Messenger platform. Upon receipt of the request, the FB platform will in turn, process the request, whilst making sure that only those authorized to connect to that particular Messenger app can send back responses, which the API forwards to the requesting party. .

Why API is Important for Mobile App Developers and Resource Providers

Since APIs are products in the form of program codes offered to app developers and resource platforms, the quality of the API integrated as part of the program or software is of great importance. The API can promote active use of the mobile application, especially when users find it easy to engage in the quickest time possible and in the safest of environments.

APIs can influence customer experience and can become a deciding factor for app users to continue using the stores or the service providers to which their app is connected.

The industry benchmark in determining the quality of the API that sends out communications between app user and resource platforms is the level of user retention, or the percentage of users who return and engage through the app within three months, from the very first session.

Still, it is important to note that brands tend to set their own standards of customer engagement and retention, as metrics to follow when choosing the mobile apps and resource platforms.

Some of the major technology companies that offer APIs are Google, Amazon, Expedia, eBay and Salesforce, because their platforms are connected to the most popular commercial markets. .

Technology Trends Driving The Finance Industry

Posted on by Grace Alita

New technologies have long defined the future of the banking sector. The biggest challenge is figuring out which of these developments will be most relevant to a particular company. We are at a crucial turning point. The observation of technology trends in the financial industry has never been more important. The strong competition from fintech companies and high-tech giants has increased consumer expectations within the industry. Since then, banks and credit unions have invested heavily in the use of new technologies to develop successful future strategies.

Technology trends in financial services

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Machine learning in the financial industry

Many banks are faced with the immense problem of keeping up with fintechs, as they can usually adapt to changes much faster and more agile than the big financial institutions. On the other hand, the established banks have more experience and data that they can use. This means that banks can reduce costs, deepen customer relationships and make compliance more efficient by using powerful AI and machine learning. Numerous financial institutions are now using machine learning to optimize all work processes (from risk analysis and fraud detection to marketing) in order to make data-driven decisions.

Cloud-based service models

The demand for cloud-based solutions is increasing. The near future promises cloud infrastructure as a standard web server environment and as a go-to environment for companies, also to accelerate digitalization in the banking sector. Cloud-based service models offer a realistic way to increase your own value creation potential and reduce complexity and costs. Banks are already using Amazon Web Services and other well-known cloud providers for efficient email management, human resources, software development and testing, customer relationship management and other tasks. Even if these are not directly related to the core business of banks, many shareholders assume that it will not be too long before almost all financial institutions will use the cloud for their basic services.

Open Banking

The concept of open banking for financial services is based on several principles:

  • Introduction of open APIs (Application Programming Interfaces) with which external developers can develop applications and services for financial institutions
  • Faster, simpler and more efficient financial services for customers
  • The implementation of these principles through the application of open source technologies
  • Data sharing is usually done through an API, an intelligent connection that enables the data flow between systems.

APIs can implement the formatting of the data derived from a software application in order to insert it unchanged into the next application.

What does this mean for the consumer? Open banking allows account holders to switch from one provider to another much easier to get the best conditions.

Intelligent anti-fraud solutions

The challenges of cyber security have become an everyday struggle for banks. Research shows a clear increase in hacked and publicly available data coming from common sources such as mobile devices and IoT devices.

Cyber attacks are nothing new to banks. An increase in attacks suggests that conventional solutions are no longer sufficient. Analysis technologies are becoming more and more precise in identifying areas and activities where there is an increased risk. Banks that succeed in detecting fraudulent transactions or cyber attacks will also be able to build more trusting relationships with their customers in the long term.

Voice Banking

Intelligent voice interfaces enable real-time communication and interaction between human users and a virtual assistant. This makes it easier to use hands-free devices and to respond quickly to questions and problems. Market leaders in private and mobile consumption include Siri, Cortana, Alexa and Google Assistant. Voice banking in particular is a perfect solution for older and restricted customers to avoid complications on the way to a local bank. Top fintech companies are increasingly developing APIs that voice assistants can skillfully integrate into banking systems to drive efficient voice banking.

Digital Banking

The digital bank is no longer a vision of the future. More and more financial institutions are replacing their physical branches with purely digital offers, thus meeting the requirements for new customer communication. This must be fast, interactive, personal and available everywhere. This turns into a risk that traditional banks have successfully relied on for decades. Financial institutions should therefore also develop efficient startup relationship management programs in order to use the technical know-how of fintechs for the development of digital solutions.

Finance has created more innovative products and services than ever before. In order to keep up with the agile pace and discover competitive advantages at an early stage, banks should continuously monitor their corporate environment and examine them for risks and opportunities.

DoJ to Probe Anomalies in PPP Stimulus Loan Grants

Posted on by Maurice Quinten

Cases of potential fraud regarding Paycheck Protection Program (PPP) loans surfaced, after JP Morgan Chase granted SMB loans to disqualified publicly traded clients. As a result, stimulus loan applications of about 220,000 eligible SMB loan applicants were left out of the funds released as economic relief for small businesses.

Last April, burger restaurant giant Shake Shack was forced to return a $10 million PPP loan intended only for small businesses .as gesture of mistake made in good faith. sis. Other companies, such as Potbelly Sandwich Shop, and Ruth’s Chris Steakhouse chain , are yet to announce that they intent carry out similar actions. The two big companies had also received approval for a $10 million and $20 million loans, respectviely, from JP Morgan Chase despite their ineligibility to receive the stimulus package.

JP Morgan Chase Said Other Applicants Have to Wait for New Congress-Approved Funds

At first JP Morgan Chase, through the company’s spokesperson said that although the money loaned out will be returned by the aforementioned companies, the bank will not be able to release new loans until Congress authorizes the release of new funds.

 

Now that the Department of Justice has launched investigations of circumstances surrounding JP Morgan’s release of PPP loans to non-SMBs, the bank recently announced that the Small Business Administration has  provided an additiomal $15 billion, to fund PPP loan applications of around 239,000 SMBs..

 

SBA to Review Applications of Businesses that Received Funding

As part of its administrative role, the Small Business Administration said that corollary to the DoJ’s investigations, the agency will review who among the recipients do not qualify as PPP borrowers,

 

The government agency also announced that those who are aware that they are not qualified, can return the money and be considered as having acted in good faith. However, the offer of clemency is good only up to May 07, 2020.

The Coronavirus Sets Off Panic Sales Within The US Stock Exchange

Posted on by Grace Alita

In the midst of the virus panic, the wall street is experiencing a considerable crash. The Dow Jones suffers from an ongoing daily loss following the financial crisis. On top of the concern for further economic impact, the downturn in oil prices has the biggest effect on U.S. stock prices.

The coronavirus spread and a huge slump on the global oil market had directly affected the U.S. stock market to fall. Over a couple of weeks ago, the Dow already lost close to 11%, specifically because of the approaching outcomes of the corona epidemic on the global economy. NASDAQ 100 decreased from 6.83% to 7,948.03. Following panic sales, the share trading was disturbed for about 15 minutes. Within the first minutes of trading, price fluctuations were so great that it resulted in the exchange to temporarily stop trading.

Coronavirus stokes fears on Wall Street

On top of the impact of the coronavirus on the global economy, falling oil prices also add to the tension. The oil market experienced its worst price plunge nearly 30 years after the failure of major oil-state production cut negotiations. OPEC Petroleum Cartel and its alliance’s negotiating partners failed to reach an agreement on the new contract. Saudi Arabia is now trying to increase its oil production.

Price Plummets in the Energy Industry

Because of this, the historic price decline in the US energy industry began. Prices have fallen over the years, according to papers from large companies such as Western Petroleum, Schlumberger, and Halliburton. Chevron and Exxon Mobil representing Dow Jones, fell 12.2% and 15.4%, correspondingly. ConocoPhillips decreased by nearly 25%.

Commercial bank commodity expert Carsten Fritsch talks about “Black Monday in the oil sector.” Saudi Arabia launched a new price battle by announcing higher production and lower prices making great impact on stock changes all over the U.S. and even the best dividend stocks Canada. The oil market was endangered by a large oversupply in the second quarter, and the demand, especially from the Covid 19 epidemic, could still be seriously affected in the future.

Bank stocks likewise encountered above-average loss. In the Dow Jones Industrial Average, JPMorgan decreased by 13.7% and Goldman Sachs by 10.4%. Also, stock market players testified to the financial market turmoil impacting the U.S. financial market. Meanwhile, UBS analyst Saul Martinez pointed out that the U.S. financial industry is offering steep loans to oil industry risks.

Investors Are Relying On Security

China’s economic data in connection with the Covid-19 virus demonstrate economic results. In the country where the outbreak occurred, the new coronavirus paralyzed public life for many weeks compared to the same month when exports in January and February plummeted a year ago. There are rumors that the U.S. government is working on aid plans for the US economy to alleviate the economic impact.

Setting a trend in the U.S. bond market, 10-year government bonds raised overall percentage points with a yield of 0.57%. Therefore, bond yields, considered the most important bonds in the world, have halved since mid-February.

The euro gave up some profits in the US trade process following the closing of the US stock market. Previously, the regular currency rose to the highest level of $ 1.15 since the start of last year.

Sources of Financing For Your Business

Posted on by Grace Alita

There are moments in our lives (or in the life of business) where extra funds are needed to make both ends meet. Traditional loaning institutions such as banks are very strict that there’s a small chance of being approved especially if you lack the documents to prove your income.

When The Bank Turns You Down…

Banks and credit unions are usually the main sources of funding. This could be in the form of business loans, personal loans and other types of loans. This could also be in the form of an overdraft and lines of credit. Below are other sources to consider apart from banks and credit unions.

  • Before looking for funding sources outside, it would be nice to look for funding sources within your circle of family and friends. If a family member or a friend decides to lend you the funds you need, make sure that everything is placed in writing to avoid possible conflicts in the future.
  • Peer-to-peer loans are another source of funding. This is consistent with those who need the money and those who have the money to invest. Loaned funds must be paid with interest rates for a certain period of time. Interest rates can vary depending on the level of the risk of the borrower.
  • A factoring company or debtor financing is also another way to get funding. Factoring refers to the sale of invoices or bonds to a third-party financial company or, in this case, to a factoring company. In this way, a company can get the necessary cash without waiting for payment from customers. Customer payments are credited directly to the factoring company. Fees associated with this service vary by company. Before deciding on a factory company and entering into a contract, it is important to compare the costs involved.
  • Invoice financing is somehow similar to the factoring concept. The difference is that customer payments are paid directly to the business, not to the financer. In this case, the customer is not involved and does not know the agreement between the business owner and the finance firm.
  • Retailers and suppliers can provide some kind of store credit. Some retailers provide an in house credit line but other retailers can also pass a store card through a financial company. Despite this, the interest rates on store cards are high, but some retailers offer free interest periods that any business can take advantage of.
  • Pre-settlement loans. if you are a business and facing litigation due to personal injury, you have access to this type of loan. While this loan is not really a loan by its definition, it’s actually a cash advance from the court case settlement. This means funding is drawn against the expected amount you get from a pending case. This is also known as car accident loans, lawsuit loans, and litigation loans.

If the banks have turned you down, you have options to consider, you just have to know where to look. Talk to a financial advisor regarding your circumstance to provide you with alternatives that may suit your case.

 

Intel Commits to Helping Bridge Race And Gender Wage Gaps by Providing Equal-Pay Advocates with Data

Posted on by Maurice Quinten

In a radical move to set itself apart from other big tech companies, Intel announced plans of releasing pay data, which advocates for equal pay, can use when looking deeper at race and gender wage gaps in the tech industry.

The announcement came after Bloomberg reported that the U.S. Equal Employment Opportunity Commission (EEOC) will make it a requirement for business organizations with more than 100 employees, to file pay data. Since the requirement does not make it obligatory for businesses to publish the related information, Intel announced said it will release the pay data to allow public examination.

Although Intel’s announcement also brought into focus the company’s own issues about pay discrimination accusations by female, black, Hispanic Intel employees in various states.

Yet the Department of Labor made it known that Intel had already agreed to pay $5 million to settle the pay-inequality accusations. According to the report published by the Department of Labor, $3.5 million will apply as back pay settlement, while the remaining $1.5 million has been alloted for pay-adjustments of Intel’s engineers.

At the moment, Intel has not made any comment on when such data will be released, as Bloombeg also reported that the EEOC, may yet change its decision to require businesses to file the data in 2020.

About the Race Gender Wage Gap Issue in the U.S.

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The Race Gender Wage Gap issue in the U.S. has become more pronounced than ever. Equal-pay advocates have established the fact that for over a period of 15 years, from 2001 to 2015, the earnings of female workers were only 49 percent of male workers; indicating that there is a 51% wage gap between male and female employees.

White female employees earn only 81.5% of the amount paid as wages to white male employees.

In the U.S. female workers of all major racial and ethnic categories earn less than men belonging to the same categories; suggesting that they also earn less pay than white male workers.

Race and gender wage gap for Asian women though is not as wide as compared to other female workers under different race categories. Asian women rank high in comparisons, since their median weekly earnings represent 93.5% of white male employees’ median earnings per week. Still, when compared to their Asian male counterparts, their median earnings for a week’s work is only 75.5%.

When compared by race categories, the weekly median earnings of Hispanic workers are the lowest versus any race and gender categories; whether white, Asian, or black female and male workers. In 2018, Hispanic women earned $617 weekly for full-time work. The amount is only 61.6 percent of the wages earned weekly by white male workers as median weekly salary. When compared to median weekly earnings of Hispanic male employees, Hispanic women’s weekly earnings represent only 85.7 percent of their male Hispanic counterparts.

In the same way, there is a wage gap between Hispanic and black female workers, with the latter earning $654 as median weekly compensation. Still, the amount earned by female black women per week, represents only 65.3 percent of what white male workers earn as weekly median pays. Wage gap still exists between black male and female workers, as the median weekly salary earned by black women is only 89% of the median weekly earnings received by black male employees.