What is Open Banking and Why Do Bank Clients Like It?

Posted on by Maurice Quinten

Open banking is a financial service that allows third parties to act as intermediaries in facilitating financial transactions between banks and clients via the API.

The latter refers to the Application Programming Interface (API) technology that makes banking practice more convenient for consumers, as the platform links consumer accounts with different financial institutions and service providers. Mainly because data will be accessible to third-party providers who will carry out full completion of financial transactions between clients, consumers and financial institutions when initiated online.

Whereas before, clients can make same-day, real-time transfers of money to another bank account only if such account is maintained in the same banking institution In open banking, through the API of a third party intermediary, the fund transfer can take effect in real time even if the recipient account is maintained in a banking institution that is different from the transferring bank.

Other Potential Advantages of Open Banking

Open Banking technology has been proven as very useful as it provides a new alternative especially in times of pandemic:

1.  With open banking, it shows potential that it can increase sources of revenue as customers who engage in online income-earning opportunities will have increased capabilities to perform online transactions through financial institutions.

2.  Open banking can also assist money lenders in determining the customer’s financial circumstances and risk levels. The open data related to applicant-borrowers makes the evaluation and decision-making processes easier for lenders when giving consumers practical and manageable loan or credit terms.

3.  As smaller banks engage in open banking, the bigger and well-known banks would be constrained to make their rates and services more competitive against newer and unfamiliar banks. As a result, larger banks would be pressured in providing better client service, use newer technologies to decrease banking costs being shifted to clients.

Understanding APK or iOS-ASP as Prerequisite for Downloading a Mobile Casino App

Posted on by Maurice Quinten

In Southeast Asia, gamblers overcome the difficulty of accessing online casinos by downloading the dedicated mobile app of a specific online gambling website. To do this however, users of Android supported devices have to first download an Android Package Kit a.k.a. APK. iPhone users on the other hand, have to download the iOS App Store Package (ASP).

However, caution must be observed when obtaining APK or ASP files because they are also used as tools for downloading malware or spyware; or in some cases, may contain stolen applications — any of which, can put a smart device at risk. The best step to take is to download the APK or ASP from the official source recommended by the related mobile app developer, or to be specific, by the online casino agent.

Why is APK or ASP a Prerequisite to Downloading a Mobile Casino App?

In understanding why we need to install APK or ASP files in our device when downloading a mobile casino app, we must first know their function.

Generally, Google maintains a policy of not allowing or supporting gambling apps of unregulated online casinos and sports betting operators; including applications offered by affiliate websites run by online casino or sports betting agents. Although the most popular online casinos in Southeast Asian countries are operated by licensed and regulated online gambling operators, as far as Google Play Store is concerned, mobile apps are unregulated if deployed in countries that ban gambling activities.

iPhones on the other hand, cannot access any kind of mobile application that is not supported by the Apple Play Store.

Nonetheless, the way to go around such restriction is to first download an Android Package Kit (APK) for Android-supported devices; or the iOS App Store Package (ASP) files for iOS gadgets. An APK or ASP package contains the file format used by the Android operating system or Iphone operating system, in distributing and installing middlewares, mobile applications and mobile games.

Once the appropriate file formats are properly installed in a mobile gadget, smartphone users can then access and download the related mobile applications recognized by the file format, which otherwise would not be accessible to them in their respective country or region. Gamblers located in countries that prohibit gambling, will have direct communication with the online casino platform. At the same time, their gambling activities remain private and out of reach to gambling watchdogs.

Citing 918Kiss as Case Example for APK or ASP Use

918kiss online casino is one of the most popular online gambling sites accessed by millions of online gamblers across Malaysia, Indonesia, Thailand, Singapore and Brunei. The popularity of 918Kiss mainly lies on its trait as a regulated gambling platform. Moreover, the online casino is supported by major igaming proponents like Playtech, Real Time Gaming and Spade Gaming, all are licensed and certified fair and safe by gambling regulators.

Those looking to download the 918Kiss mobile app must first obtain the APK or ASP, whichever is applicable, from a trusted 918Kiss agent like esibet dot com. The agent’s website provides instructions on how to enable the appropriate fike formats in downloading the 918Kiss mobile app.

As a security procedure, a registering member must first make contact with a 918Kiss support staff, who will carry out the identification and onboarding processes. If no problem is encountered and the required deposit has been made, the 918Kiss support staff will provide the new online casino member with a password to use.

https://youtu.be/vj42VSPe8Hs

As registered members of the 918Kiss online casino, the password will serve as the key for unlocking and accessing the broad selection of online casino slots and table games listed in the dropdown menu.

Technology progress – curse or blessing?

Posted on by Ned Queen

Technology sometimes evolves so quickly that it seems we have no control over its development. Their progress does not follow a technical but above all a social logic. What seems safe today may already be obsolete tomorrow.

New technology is constantly penetrating everyday lives: While inventions such as the railroad, the car, and even the telephone took decades to establish themselves across the board and to become a natural part of work and private life, the computer and the Internet made it to a large extent shorter time. Technical change is accelerating and with it the social change it has triggered.

Technical constraint?

Modern societies seem to be driven by technical innovations: You can hardly avoid them, but experience them as a kind of practical constraint that dominates you and dictates how you should use them. And companies such as Forex broker are literally forced to keep up with the enormous pace of the technological arms race, which is constantly generating innovative products.

The social construction of technology

A good example of this social logic is the history of the electric car: at the beginning of the 20th century, the electric motor was the most common form of drive until it was ousted by the internal combustion engine. Technically speaking, a lot spoke in favor of the electric motor. There were sufficient technical expertise and industrial know-how in the emerging electronics industry. In spite of this, an alliance of different interest groups finally pushed through the internal combustion engine. In addition to the wealthy townspeople who used the car for pleasure tours, farmers and country doctors, in particular, benefited from the mobile power source.

Technology assessment – a look into the future

The sociology of technology focuses on the social processes of technology construction and thus contributes to a deeper understanding of the interaction between technology and society. It also shows design options. It makes sense to think intensively about the possible social consequences of technology in the early stages of technical innovations. This is where the technology assessment comes in: It develops future scenarios – with the participation of experts and laypersons – and tries to anticipate possible opportunities and risks of new technology.

The Confidence in Online Money Transfers

Posted on by Karson Gardner

The remittance industry is growing at an extremely fast rate. If you will observe your community, then you’ll definitely find a number of remittance centers that are easily accessible. The great thing about their services is that, you can send and receive money using their service or at times, deposit money to your online account that is then used for online gambling in QQ Online or any other online activities that you are into.

Perhaps, it made you ask yourself how do these businesses are able to do it? How money transfer works, how it is sent, is it secure and safe and how the online payments are performed?

A Short Trip to Memory Lane

To start with it, it is vital to have a little bit of background regarding money transfer business. As a matter of fact, this industry started way, way back the 1800s. Someone might be sitting for thousands of miles and send messages via telegram. During this period, money transfer businesses are primarily dependent on these telegrams in order to communicate about the cash that’s being sent and received.

The process is entirely simple but it is somewhat cumbersome because it needs both the receiver and sender to be present in the telegram office. Then as time advances, technology improves and so goes with the money transfer service. Now, it is as what we know today.

Innovation and Development

Sending money over the web is basically just the online version of the traditional way of wiring money. Money transfer businesses or banks are using electronic fund transfers or EFT in order to send money. Simply speaking, they don’t send the tangible form of money instead, they are sending data that is representing the amount. Sending money overseas or making an international payment become faster that it just needs minutes and you’re done. With fast internet, instantaneous exchange of data, money is being delivered smoothly wherever it has to be.

The Question about Security

While this service is extremely common nowadays, still there is the question of security and safety. After all, the internet can be hacked and sending of financial data could be cracked by hackers. But this should not be a problem for it’s been dealt with already. Money is being transferred online using secured layers of coding; this makes the entire process to be safe. Simply speaking, the data sent over the web is encrypted several times that it becomes illogical for hackers. Once it reaches its destination, it will be decoded and represents the actual amount.

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.

Handling Your Financials with Greater Ease Using Finance Apps

Posted on by Karson Gardner

It is imperative to have effective and efficient control of our cash flow and if we are at an urgent need, fortunately for us that we can use the loan services from https://långuiden.no. On the other hand, if our ancestors were able to create and program state-of-the-art accounting systems in monitoring their expenses and earning. But today, things were different as situations become a lot simpler and there are various personal financial applications that can help.

As a matter of fact, there’s already decent number of applications that you can find over the web. However, with the right measures and steps taken, you can get the chance of joining market leaders. What you should do is to develop a financial application that ticks all the boxes:

  • Security
  • Useful features and;
  • Intuitive

Financial management applications have set its place in the market and many people have been using these apps to gain control of their cash flow cycle. The truth is, we must be glad to experience this level of comfort and convenience it brings. For back in the old times, what a person would do in app has to be done by hand.

With the introduction of smartphones, it enabled computing of expenses be done on the go. In fact, creating an app these days is easier too with some allowing you to have drag and drop options. Basically, if you wish to turn it as another source of profit, you can do too. But in such a case, it is essential to think of the requirements that people will have, their expectations from the app and so forth.

Functions and Types of Financial Applications

Financial management apps are designed to carry out specific tasks and simplify what seem to be complex procedures into an easy to understand process. Regardless, the primary goal is to assist users in managing their budget. Additionally, you should know that these apps come in two variations, but all of these programs can be broken down into 2 categories:

  1. Simple applications that are requiring manual data entry and;
  2. Complex services that are automating entry process

Simple Finance Application

As mentioned, it’s the simply financial management app. Here, the user has to input all their spending habits by hand. These apps will be monitoring the expenses and categorizing them such as transportation, groceries, utilities and everything in between.

Complex Finance Application

This is the upgraded version of your typical finance application. Here, the user’s account as well as bank account is connected to the program where it automatically receives data from every transaction.

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.

A Volunteer In The U.S. Receives First Vaccine For Covid19

Posted on by Grace Alita

The whole world is alarmed about the spread of the corona disease and the impact it has done on financial markets. Many small and medium scale businesses have been severely affected, with the increase and demand and the decrease and supply, the worse is yet to come. Governments are coming up with financial support for these businesses to recuperate through a low-interest quick loan and other financial assistance programs such as grants.

While world leaders are putting their heads together to put order and reduce panic among people, researchers and scientists are doing their part to come up with a vaccine to put a stop to this pandemic. 

The clinical test for a possible vaccine against the coronavirus has started at a research institute in Seattle. 45 healthy volunteers are to be injected with the product in its first test phase. A warning that ibuprofen would exacerbate the lung disease Covid-19 is currently circulating on social networks. There is currently no evidence of this.

As an increasing number of people get infected with covid19 coronavirus, scientists are starting to know more about the newest pathogen as well as its impact. Many conclusions are just preliminary and will be verified, supplemented, or even modified with time.

Clinical trial for vaccine starts in the United States

Several laboratories worldwide are currently researching vaccines against Covid-19. In the USA, a volunteer has now received a possible vaccination test for the first time. That was part of the first phase of the clinical trial at a research institute in the northwest metropolis of Seattle, the National Institutes of Health (NIH), which belongs to the US Department of Health, said on Monday. 45 healthy volunteers between 18 and 55 are expected to take the test in the coming weeks.

The vaccine called “mRNA-1273” is being developed together with the private biotechnology company Moderna. The first test phase could be started in “record time”, said Anthony Fauci, director of the National Institute for Infectious Diseases. The entire process of developing a vaccine is still expected to take at least one to a year and a half, according to Fauci.

Does ibuprofen harm?

Avoid drinking certain medications to prevent infection: There are currently a number of unsecured messages circulating on social networks that unsettle many people. French minister of health said on Twitter that ibuprofen can make coronavirus contamination even worse. If there are indications of fever, the patient should take in paracetamol.

The national health director in France also said to stay away from taking non-steroidal anti-inflammatory drugs (NSAIDs). Furthermore, aside from ibuprofen, these band of substances includes acetylsalicylic acid or otherwise referred to as ASA (aspirin) as well as diclofenac.

The BNITM – Bernhard Nocht Institute for Tropical Medicine adds that a link concerning taking NSAIDs and cases of Covid-19 has not yet been established: “We know little about the pathogenesis of the Sars virus – CoV-2. There is no clinical data on this yet. ”

Rumors On Social Media Regarding Ibuprofen

Rumors on social media are circulating that ibuprofen also increases the susceptibility to infection with the coronavirus. The allegation is supported by an alleged study by the University of Vienna. The university made it clear on Twitter that the allegation was fake news and had nothing to do with the educational institution. The Austrian Ministry of Health also declared the report to be a false claim.

As people all over the world are waiting anxiously about what researchers and scientists have found out, what medications to take to fight the virus, rumors wouldn’t do anything good but instead increase the stress that the whole world is going through now. Leaders of all nations are now asking media and others active on social media to stop spreading alarming news without any evidence to prove it.

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.

Underscoring the Significance of Underwriting Using AI-Enhanced Technologies

Posted on by Maurice Quinten

The importance of accurate financial information is underscored, whenever businesses seek additional capitalization, either from banking institutions or potential investors. However, business owners should understand that banks and other financial institutions base a great part of their decision on the results of the underwriting process.

What is Underwriting

Underwriting is a key function that is ever-present in the financial world, because it entails the assessment of risks posed by an individual or a business entity, either as a borrower or as an investment prospect. Although banking institutions and venture capitalists make funds available in exchange for fees, it is important for decision makers to know the degree of risks involved.

That way, in case the borrower fails to settle the loan or the entity fails to deliver the promised return on investment, the funds provider can recover, even in part, the amount loaned out or supplied as capital investment.

The Underwriting Process in the 21st Century

Business owners should have awareness that the underwriting process in the 21st Century no longer rely on simple financial reporting, even if supported by certifications issued by external auditors.

Lessons have been learned from the 2008 Financial Crisis, in which companies like Enron resorted to manipulating financial information, in covering up the fact that they had more debts than assets to present to banks and potential investors.

Through interconnected network systems, developers of technology built databases from which real-time data can be collected, analyzed and interpreted for report generation.

To eliminate the tediousness and inaccuracies of manual underwriting processes, improvements in financial technologies saw the creation of Artificial Intelligence or AI.

Now, providers of underwriting services use financial technologies that not only collect and analyze data for comparative analysis and financial projections. They now have AI-enhanced financial software that can also apply machine learning in establishing patterns. Such patterns or trends are useful in determining the accuracy of good or bad applications.

Some underwriting AIs have the capaability to link countless numbers of structured and unstructured data, which the machine can smartly transform into contextual data that can be used for accurate underwriting.

Trading like a Real Pro

Posted on by Karson Gardner

Does it cross your mind for once on how you can take advantage of technical indicators when trading? Simply speaking, technical trading is something that involves evaluating the charts and making decisions as per indicators and patterns. Such patterns come in shapes like candlesticks on chart and can provide valuable information on the potential trend of a price.

Major Indicators to be Aware of

Indicators are either overlays or additions on the chart that’s providing additional info using mathematical calculations on both volume and price. Apart from that, it tells you where the price would likely go, which is a critical factor when making trades; should you Call or Put? These indicators would give you the signals.

As a matter of fact, there are 4 major kinds of FOREX indicators used and these are:

  1. Trend
  2. Momentum
  3. Volume
  4. Volatility

Trend Indicator

Trend indicators would tell which direction the market moves in, especially if there’s a trend happening. Sometimes, these are referred to as oscillators as they have the tendency to move between low and high values similar to a wave. Trending indicators include Parabolic SAR, MACD or Moving Average Convergence Divergence as well as parts of Ichimoku Kinko Hyo.

Momentum Indicator

Then there is the Momentum indicator.

With such, it can inform you on how strong a trend is and at the same time, tell you whether a reversal would occur.

These could be very useful in picking out price bottoms and tops. These indicators also include:

  • RSI or Relative Strength Index
  • ADX or Average Directional Index
  • Ichimoku Kinko Hyo and;
  • Stochastic

Volume Indicator

As for Volume indicators, it is perfect if you wanted to know how volume changes overtime, how many bitcoin units are sold and bought. This is extremely useful whenever price changes and if the volume has given indication of how strong the movement is.

Under this indicator include Chaikin Money Flow, On-Balance Volume as well as Klinger Volume Oscillator.

Volatility Indicator

Last but not the least is going to be the Volatility indicator. In the event that you want to know how much changed happened in a given period, then this is what you should opt for. Volatility is extremely important and without this, there is no way how traders can make money. The price needs to move for everyone to make money.

With this in mind, higher volatility is an indication that there’s faster change in pricing. It lets you know about the direction and range of prices.

Should You Consider Using Crypto Bots for Trading?

Posted on by Karson Gardner

Crypto trading bots keep on evolving and improving. Almost every year, its functionality and sophistication is becoming more advanced, all thanks the new players that are penetrating the market. This is why finding out what is the best Bitcoin trading bot becomes quite a challenge for many.

But why these bots are so popular if you may ask? In essence, these bots are programs that are using indicators in recognizing trends and then, executing trades automatically. While the algorithmic trading software are used for various purposes like currency markets, commodity and equity, trading bots for private investors had made its first appearance in FOREX trading market. Since then, they’ve exploded in application and made way in crypto market.

What’s Yours?

Given the fact that these bots are extremely popular these days, it is easy to find tons of cryptocurrency trading bots that are now on offer.

They are ranging from software that anyone could use to premium subscription-based bots made for professional crypto traders. On the other hand, even the most trading bots are varying in terms of usability, quality and profitability.

So what are your options with regards to trading bots? Here’s a brief list of some of the most trusted bots by traders.

3Commas

This has built a name in the market by enabling traders execute automated trades on multiple cryptocurrencies including:

  • Bittrex
  • BitFinex
  • Binance
  • Bitstamp
  • KuCoin
  • Poloniex
  • GDAX
  • Cryptopia
  • Huobi and
  • YoBiT

3Commas are providing user-friendly navigation web-based dashboard allowing traders to see their trades on supported exchanges. The cost to use trading bot will range from 30 to 100 dollars which depend on the features that the user demands.

Auton.io

This is actually a new trading bot in the market that claims to be the first decentralized AI trading app made for cryptocurrency. Auton.io is providing a simple trading platform both for amateur and professional traders. It also combines various indicators in order to generate trade signals that the traders could then use to make trades automatically. Auton.io is a premium service that will cost traders 50 dollars a month.

Cryptohopper

If you are searching for cloud-based trading bot, then this is the one you need. Seasoned traders may take a manual approach and configure the trading as per the technical indicators they see fit. The bot is also offering backtesting, trade using different exchanges and trailing stop loss. Using the bot is free for the first month but it has a tiered subscription after that which cost anywhere from 19 to 99 dollars.

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.

 

Affiliate Marketing Technological Aspects

Posted on by Ned Queen

Since affiliate marketing is operated through website utilization with the help of internet connection, this industry entails various aspects of technology. Technology within the system or software apps are hardly needed to be able to run this business. Moreover, incorporating technology is also a way to build your business finance the right way. Below are some of the technological aspects that have great impact on affiliate marketing industry.

Affiliate Tracking

Commonly, this technological aspect is offered by committed solutions provider. However, an affiliate network provides this tracking system to large group of affiliate programs. There are even committed marketers who contribute, while some retailers are using their built-in solutions. Examples of it are the Amazon.com and Affiliate Institute where reviews are all good and even Deadline News mentions Affiliate Institute lately.

Affiliate cookies

Mostly, cookies are benevolent and harmless. It should not have sensible information. However, cookies are often blocked by most software like the privacy or the antivirus software.

Cookies generally monitor lots of transactions with affiliate marketing industry. Looking back, Amazon was the first affiliate program that used cookies.

Flash cookies

In order to avoid the blockage issues of cookies, the Flashed-based tracking (Adobe) was created. This tracking system utilizes the internal storage to carry out the same function to cookies. However, keep in mind that Flash cookies are more difficult to delete compared to the ordinary cookies. Moreover, the Flash cookies are prone to instill problems concerning the browsers. In case they are not capable of displaying the Flash, it simply means that they can destroy the process of the affiliate link.

HTTP e-tag

The implementation of e-tag is grouped via the tracking approach system. Initially, it was the cookies, then the Adobe Flash Cookies, and the e-tag. Basically, e-tag is a set of data recorded in the cache of the web browser. It is commonly used by most of the affiliate networks and tracking systems nowadays.

IP address

One way to determine you via the online system is through your IP address. There are instances that many locations or ISP partake on similar IP address utilizing different units. This simply means that it is not as safe as it is. However, as an alternative and helpful backup, this one can be beneficial. In the case of affiliate tracking, IP addresses do not act to allocate commissions. Instead, its purpose is to identify frauds and non-compliant behavior.

Residual tracking

This tracking mode permits affiliates to make commission over a long time period. Another way could be by producing constant relationship among client and their affiliate. The good thing about residual tracking is that it do not depend on cookies and any other tracking system.

Promotion specific tracking

Affiliate tracking using this mode is through offering of exclusive promotions and deals. But, these kind of promotions are applicable on just one partner. That’s why it is advisable to distribute every campaign activities to the affiliate partner. To do this, affiliate networks should be tracked.

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.

Making Technology Adoption Part of a Senior’s Preparations for the Golden Years

Posted on by Maurice Quinten

Technology adoption is getting recognition as part of a senior adult’s preparation for the golden years. Baby boomers coming of age as present and future retirees are lucky, because they will be retreating into a world enhanced with technological advancements. Many innovators in technology have in fact devised gadgets and applications that aim to assist and empower senior citizens to independently manage life in retirement.

Becoming digitally connected has become a norm even among older adults. However, a 2017 Pew Research reported that smartphone use tends to drop significantly among seniors in their mid-70s and over. About 31% of retirees aged 75 to 79 years still own and use smartphones. The percentage drops to 17% among those aged 80 and beyond.

Since the UK government is planning to push retirement age to age 75 in the next 15 years, technology use during that period will become more important than ever. After all, that would be the stage when health and wellness issues become more pronounced.

There are now technological innovations that can help retired seniors manage typical old-age problems; such as lack of mobility, loss of memory, vision and/or hearing impairment as well as despondency. Although assistance from senior caregivers are often provided, adeptness in using basic technology when advancing to one’s sunset years will prove to be most helpful.

Ways Technology Adoption Can Help Senior Adults

Simple things such as sharing of medical data between senior patients and their health care provider through the Internet of Medical Things (IoMT), can address mobility issues that prevent seniors from seeking medical consultations.

Know-how in using smartphone applications can also help seniors live life in comfort during retirement. With or without caregiver assistance, older adults can monitor their medication, as well as their heart rate with the help of a phone app. In some cases, sudden memory loss may leave a retired adult stranded in an unfamiliar location. In knowing that family members or caregivers can track his or her whereabouts through a phone app, a lost senior will have no reason to experience pangs of anxiety attacks.

Basic smartphone features such as GPS and cameras prove useful in collecting and transmitting information vital to senior care. However, the costs of such gadgets and applications may not be as affordable to senior adults with minimal retirement money on hand. Some though managed to raise money by taking out loans through home equity schemes.

What is a Home Equity Release Facility

A home equity release facility is a type of loan available to older homeowners who are at least age 55. Based on the age of the borrower and the value of the owned property, a percentage of the equity value may be borrowed without having to worry about burdensome monthly payments. Settlement of the loan will come in due time, either when the senior borrower passes away, or when it becomes necessary for him or her to enter a nursing home.

Money that will be used as payment for the total amount due will come from the sale of the property. Any excess, between the proceeds of the sale and the home equity debt, will then form part of the estate that the senior borrower left behind to his beneficiaries or heirs. In the UK, a no-negative equity release guarantee, protects a borrower’s family from ending up with unpaid debts arising from a home equity mortgage.

A web tool called equity release calculator online can be used to determine the value of the amount that can be borrowed against a home equity.

Trading Through Decentralized Crypto Exchanges – It’s Benefits

Posted on by Lyda Krystelle

How does one get into crypto and how can it be converted back to fiat? Answering these would be reliant on the needed or preferred currency, regulations that are location-specific as well as the exchange you plan to trade on. But, one option is to withdraw from Binance. Binance was established in 2017 and since then have become one of the biggest crypto exchanges in the globe. It frequently is commended for its low trading fees as well as its extensive range of available coins on the exchange.

A popular approach to trade cryptocurrencies is through decentralized exchanges as they are without the restrictions of bigger platforms that are centralized. This means that such exchange platforms permit users to buy and sell from each other crypto coins with no involvement or connection with a third-party or a middleman.

Advantages of Decentralized Crypto Exchange

Before users can trade, every decentralized crypto exchanges necessitate users to register or sign up for an account, but as soon as they do, they could almost instantly itemize cryptocurrencies to sell and/or buy other’s.

Many make use of a decentralize cryptocurrency exchange because of its advantages. Below are some:

Servers are Decentralized

Numerous decentralized crypto exchanges are hosted on servers that are decentralized as well. This denotes that each server isn’t fixed or positioned in only one location, instead they are spread out across the globe. Several servers could even be really and greatly decentralized by means of merely existing in the cloud. This manner of hosting could make exchanges much tougher to hack compared to exchanges that are hosted the traditional way.  As a result, the funds as well as data of users are more protected and secured.

Isn’t Restricted by Law

Since it isn’t restricted to be situated in a single physical spot, decentralized exchanges are considerably difficult to regulate or shut down. For users of cryptocoins residing in places where digital currencies are prohibited, this could be good news.

Added Privacy

Prior to be able to start trading, majority of decentralized exchanges do have need of an account creation. They allow users to create an account with whatever name they want with an approval process that’s little to none. This could undeniably be a disadvantage for governments as well as the sector of finance, however this feature is turning out to be more appealing to and favored by users who feel strongly about their privacy. Centralized exchanges also requires users to register but need to confirm the identity of the user by asking them to provide a number of government issued IDs.

Ownership and Responsibility

Every crypto funds stored in centralized exchanges are set on their exchanges wherein it could possibly put them susceptible and at risk to hackers. In contrast, cryptocurrencies in decentralized exchanges are frequently given ownership and responsibility to their users as they basically function as a platform for p2p trading.

Moving The Personal Loan Market Upward Through Fintech

Posted on by Lyda Krystelle

Most people around the globe look into taking out a loan for different intents. Some loan for business startup or operation costs, some for educational purposes, for paying off debts, or for other personal use. At times, people take out a loan because of insufficient funds to settle expenditures that are unforeseen. The American Pride Legal Funding, for instance, offer loans for vehicular accident settlement. People do find such loans quite beneficial.

In fact, the market on personal loans has attained a record high in 2018, as the promising industry of financial technology has made financial services through mobile apps more convenient and accessible to consumers.

The Growing Fintech Companies 

As per data by TransUnion and reported on CNBC, the market on personal loan has gone up to 138 billion US dollars in 2018, an increase of 17% year over year. Lending through fintech comprises 38% of personal loans altogether, an increase from only 5% in 2013. This indicates that fintech companies are growing.

By means of making use of innovative techs, companies of fintech are providing modified or tailored products that are low-cost, which brings about a considerable bearing on the increasing expectations of customers, together with the intensifying pressure on firms that are traditional.

The Department of Treasury of the United States issued a report in July wherein it states that over 3,300 companies of fintech began from 2010 to 2018 wherein investments in these fintech startups are speedily growing. Fintech companies’ worldwide investments in 2017 arrive at 22 billion US dollars. Fintech companies are the major mover of the growth of the market of personal loan.

Debt in the American Household

Many Americans are buried in debt, with increasingly more individuals incapable of settling them. Debt on student loan in 2018 arrived at a new high of 1.5 trillion US dollars; next to it is debt on auto loan at 1.1 trillion US dollars, and debt on credit card at 977 billion US dollars. As per Forbes, the average sum of debt that an American household has is 133,568 US dollars.

For individuals borrowing loans that are subprime, either due to poor credit score/history or low-income, the dangers are the greatest in the event of an economic crisis or collapse. As reported by TransUnion, these borrowers, who put their occupations or work hours on the line is likewise rising rapidly at 4.3% year over year.

Technology-based Solutions

The high utilization of mobile devices as well as solutions that are technology-based is driving the need for banking and financial solutions, wherein personal mobile devices are used to access such solutions. Because of this, financial institutions and companies are greatly capitalizing in solutions that are technology-based to measure up with modern companies of fintech.

A vast majority of worldwide banks, investment managers, as well as insurers are intending to collaborate and partner with companies of fintech through the next three to five years, and are expecting to have an average of 20% ROI on their ventures.

Plus Token Sold Off $3 Billion-Worth Digital Money Placed by 10 Million Cryptocurrency Owners

Posted on by Maurice Quinten

Plus Token, a blockchain based mobile wallet company operated by Chinese nationals was able to entice about 10 million cryptocurrency users to store their digital money in the company, by promising them high yields of interests. Although blockchain reviewers voiced doubts about Plus Token as a legit cryptocurrency operator, the ewallet site was able to gain the trust of cryptocurrency users, which numbered to as many as 10 million Plus Token members by July 2019.

Unknown to the millions of members, Plus Token was into a Ponzi-like scheme of paying dividends using digital money coming from new cryptocurrency investors.However in July of this year, Primitive Ventures, another blockchain-based company owned by Dovey Wan took notice of the ongoing mass sell-off being carried out by the fraudulent Chinese company.

Ms. Wan alerted players in the cryptocurrency ecosystem by sending out tweets about the Plus Token mass sell-offs. She called on other cryptocurrency exchange operators to blacklist the company. According to Ms. Wan, Plus Token still has control of a large amount of cryptocurrency which it still intends to dump and launder using various digital wallets linked to Plus Token.

In order to hasten preventive actions, Ms. Wan attached investigative data gathered by Peckshield, a security audit firm and the e-wallet addresses associated with Plus Token. The Peckshield report showed how real money flowed from PlusToken to the questionabl e-wallets early in July, the same time when Plus Token started dumping the digital money entrusted to the company by millions of cryptocurrency owners.

In a recent oped written by Ms. Wan for Coingraph, she reported that Chinese authorities have already hunted down the core team running the Plus Token cryptocurrency Ponzi scheme. Six of the Plus Token Chinese nationals were extradited to mainland China by Vanuatu, an island country located in the South Pacific.

Crypto Analytics Firm Explains How Plus Token Navigated the Sell-Off

London-based crypto-analytic firm Token Analyst said Plus Token did not sell off cryptocurrencies directly to exchange and trading sites. Instead, the fraudulent company used online mixing services to obscure the origins of the blockchain transactions, before they eventually reached the e-wallet addresses owned by Plus Token.

What Do Online Mixing Services Do in the Cryptocurrency System?

Although using cryptocurrencies allows users to hide their identity when using digital money for peer-to-peer and other online transactions, there is still a database in which comprehensive information about cryptocurrency transactions are stored. Keep in mind that cryptocurrency transactions require the real identity of the owner, but are kept confidential when recorded as blockchain entries through the use of key codes.

Each movement of a specific amount of cryptocurrency, indicates all keycodes involved in a chain of cryptocurrency encryptions that recorded the transfers of digital money. Anyone who would be interested in knowing the true identity of a cryptocurrency source can simply trace it through the related blockchain database.

This is where online mixing services play an important role. The services they offer involve mixing their customer’s cryptocurrency funds with cryptocurrency funds owned by other people. That way, the trail leading back to the original owner of the digital money will be obscured.

What To Do Following Rejected Personal Loan Application

Posted on by Grace Alita

Are you feeling hopeless because your lender says you are not qualified for a personal loan? If you are going to stop trying when you are refused for a personal loan, don’t give up. While it may appear that all hope is lost, the truth is that there are other loan companies willing to offer you a loan.

Listed below are essential steps to follow if rejected for a traditional personal loan.

Find out the reasons why you are declined of a loan

When a lender rejects your loan application, know that the Fair Credit Reporting Act requires that the lending company inform the borrower of the reasons for the rejection through snail mail or email. The correspondence should explain the reasons why you ended up declined. Reasons for refusal may include the following:

• credit rating doesn’t match the lender’s requirements.

• credit track record is limited – Should you have lower than 3 years of credit history, it can be tough for several loan companies to give you a financial loan.

• too high debt-to-income ratio – When a good portion of your cash flow is linked with having to pay other loan products, your application to borrow money could be refused.

• late payments – If another lender reports you of late payments, lending companies may unlikely offer you a loan.

Whatever the reason you are denied a loan, the data you get could be among your best resources. You could start dealing with them prior to obtaining your future personal loan. This allows you to strengthen your weak points such as your credit history or debt-income ratio.

Subscribe to credit tracking programs

When a loan company provides a certain reason for the loan rejection, it is strongly advised to ensure there are no other problems with your credit rating or history of credit that may become worse when you are applying for a loan again. A credit monitoring program can assist you on this. They are going to browse through your credit track record from the point of view of the lender. They are going to clarify what you need to do to improve and when you can apply for the loan again.

Develop a plan

Once you know what issues you need to tackle, create a plan to determine what you need to do and how to do it. There is no precise way to do this because your plan will depend on the issues you need to address and your overall financial situation.

Knowing the condition you need to fix, plan on the actions you need make, when to do it and how to implement it. There isn’t any conclusive approach to get this done as your plan is determined by the condition you have to fix along with your general financial circumstances.

Have patience

With respect to the credit concerns you are facing, it may take some considerable time to fix everything that’s off on your credit standing. So you ought not to make unrealistic targets and also have high anticipations as repairing credit is not a quick fix scheme.

Give yourself sufficient time to develop a very good credit file, monitor your credit rating on a regular basis to find out how your steps affect your rating.

Look for other alternative lending institutions

As soon as you reach the stage where you are feeling comfortable about applying for a loan again, look around for other personal loan offers to determine your chances of getting an approval. Assess the fees, discount rates, as well as other charges every single lender presents. The majority of loan companies will let you have a look at their fees, rates and soft assessment whether you qualify.

Bottom line

If you follow the steps above, you will improve your chances of getting approved for any personal loan, from quick cash loans to long-term loans. You’ll also increase your options of getting approved for other credit at reasonable rates, which can save you money on interest.

You will get to improve your credit standing and qualify for the next loan if you follow the tips outlined above. So if you were denied a loan today, it’s not really the end of the world. There is hope and the information you get is your tool to help you improve.

The Unceasing Growth And Development Of Financial Technology

Posted on by Lyda Krystelle

Whether its shopping for new clothes, buying a meal or coffee at your local café, or taking out a loan on lending platforms like www.xn--forbruksln-95a.com/, financial technology or popularly known as fintech is now universally used.

Fintech has been utilized and applied onto numerous of the latest developments in technology such as payment applications or gateways, lending platforms as well as digital currency.

Merging the newest developments in tech with financial applications and services, fintech has aided and assisted many companies and businesses to provide and deliver financial services that are better and more reliable to consumers and other businesses and companies as well.

What is Fintech?

A portmanteau of the words financial and technology, fintech is utilized to describe an industry incorporating and embracing the use of any form of technology for financial services or management, including applications for mobile payment, peer-to-peer platforms, insurance and investment as well as cryptocurrency to name some.

Fintech, in general, refers to any business or company making use of the internet, computer, mobile or other electronic devices, cloud or software technology to connect and carry out any financial services. Numerous products on fintech are intended to connect the finances of consumers with technology for convenience and ease of use and access, though the word is applied to technologies in the B2B sector as well.

Initially described as technology used in the back-end systems of financial institutions like banks, fintech are now more focused on the consumer. At present, because of the developments in fintech, managing finances, trading in stocks, paying for commodities via this technology is now possible.   

As per data from 2016, individuals utilize one to three applications to manage their funds. And as per CNBC, in 2017 alone, investments on fintech shoot up to 18%.

Fintech also cater to the estimated 2 billion individuals without bank accounts globally by providing a smart alternative to take part in financial services that don’t need any brick-and-mortar. Through technology that is user-friendly, fintech then allows consumers to access directly their financial lives.

How is Fintech Used?

So how is fintech used? Here are few examples:

Platforms for Crowdfunding

Crowdfunding platforms permit users to either receive or send money to others. Moreover, these crowdfunding have given businesses as well as individuals to pool finance from a multiplicity of sources in the same platform. Rather than taking out a loan from a bank the traditional way, it is nowadays possible to directly reach out to investors for funding of a project or venture.

Mobile Payments

This generally refers to payment services done over a smartphone or mobile device and works under financial regulation. As an alternative to cash, credit cards or cheque, consumers could now make use of technologies on mobile payments to pay for an extensive array of services as well as commodities.

Budgeting Applications

In 2019, the most widely used fintech technology that consumers use is budgeting apps wherein over the years has exponentially increased in popularity. There was a time when consumers had to make their own outline and template to manage and keep track of their finance. With fintech developing tools and apps for budgeting, with fintech, consumers could now effortlessly as well as efficiently manage and monitor their income, expenses and savings.  

Smart Ways to Get Out of Your Debt

Posted on by Karson Gardner

In the current state of the economy, going to banks or even private companies to apply for a loan is just difficult. This is due to the reason that jobs aren’t safe and thus, lenders don’t have guarantees that they could get their money back from the people who they will approve the loan. Furthermore, many of these institutions went bust several years ago when countries were struck by recession. It’s for the reason that most of the lenders defaulted their loans. With this in mind, they’ve modified their lending policies and thresholds were increased.

This has created a chain reaction in the economy. And there are deceitful lending companies that have taken advantage of the situation. Such companies prey on the weak and desperate lenders by charging them above the normal interests.

Some companies even have APR of 4000 percent which is just absurd!

But don’t fret. The reputation of the industry may be tarnished but not everyone is like the abovementioned. Banks have become more responsible which is great in the long run. If you’re trying to get a mortgage or loan, you definitely should read the entire content of this article on how you can pick the right company or bank – that will lend you money you need.

Think You got a Good Deal? Nah…

Say that you went to a company situated on high street and asked for money, and they’ve given it without checking your credit rating or even taking a glimpse on your pay slip, then it should serve as a red flag. Most likely, they have high APR and they’re not implementing responsible lending. You may find it advantageous on your end. But what you are doing is putting you in a risky situation. Are you really that prepared to face the consequences?

You’re only trapping yourself in a cycle of debt as you’re lending money from them in order to pay something else and then, you’ll need to lend money from somewhere else in order to repay them. This is a vortex you don’t want to find yourself in. Better yet, talk to respected and trustworthy lenders like Zebra Loans.

It’s for Your Own Good, Financially

Banks may be picky by asking too much information on your end from:

  • Credit score
  • Contact information
  • Employment status
  • Financial data

These are only few of the information that will be asked from you but this is for your own good. They have this responsibility of ensuring that you have the ability of paying monthly or else, you’ll drown in debts. Better to follow the correct process than bypassing it and face serious consequences in the end.

Building Your Business Finance the Right Way

Posted on by Karson Gardner

If you are a landlord and renting your property, eventually your business will grow. When such thing happens, you have to seek for reliable property management software. This can provide assistance to have in-depth financial info which can drive your business to continuing success. Unlike if you are going to do everything on your own – it will definitely consume a great amount of your time and energy. Not to mention, if you are clueless with what you are doing, you may just mess it up and get loss whether you are making profits or not.

You just have to Work Smart

These days it is a lot more important for property managers to make use of the same kind of web-based property management tool. Now, more pressure is put forth on finding rent paying and reliable tenants with the probability of the increased need for tenant debt collections. Not to mention, the threat of tenant-landlord litigation.

No matter if you have a keen eye of the market, the need to perform screening on your prospective and new tenants must always be a top priority.

There are several things that must be checked from the tenant whether they use wholesale tradelines try personaltradelines.com, have they good pay record from their past landlord, what about their credit rating, can they pay the rent on a monthly basis etc.

Why would You make it Hard for Yourself if You can make it Simpler?

Fortunately, you don’t have to go through all these things. There are services over the internet that does tenant credit screening. These services perform the things that you were supposed to do. It is these services that will be checking the criminal background and credit history of the person in a matter of minutes. Also, with an integrated system in place, tenant screening info is downloaded automatically to your residential property management database. With this info on hand, you can do a quick review of the tenant’s payment history, proper maintenance history and everything in between.

All of this helps big time in coming up with smart and strategic decisions with your lease management.

Clever Way of Running Your Business

By means of providing your tenants with rent payment options online like credit cards or ACH, it can lower your delinquencies. Furthermore, it can also keep your rental income at top level. Through integrated rental property management software, accounting errors, performing data entry and doing trips to and from the bank can be significantly reduced.

Understanding How Blockchain Technology Makes the Use of Virtual Money Possible

Posted on by Maurice Quinten

Blockchain technology is a method that makes it possible for Internet users, to send and/or receive money without need to use a third party infrastructure. Using a specific blockchain application and by way of cryptography, money remains confidential and virtual for as long as transfers are made and recorded in the open ledger of a blockchain platform.

 

 

The blockchain platform supplies the “private key” or the verification code needed by each transacting party, either as a cryptocurrency sender or recipient. Without a private key, the cryptocurrency cannot be transferred or recorded in the blockchain ledger. The inclusion of a private key encryption therefore, renders the cryptocurrency transaction valid.

Correlated to the “private key” is the “public key,” the latter being the open cryptographic message generated by the blockchain application to identify every cryptocurrency transactions recorded in its blockchain ledger. A blockchain cryptograph entry therefore represents the public key and a valid private key.

How the Blockchain Platform Records and Links All Related Cryptocurrency Data

The blockchain ledger is open as it allows verification of transactions as they occur.

A specific blockchain recording, starts by linking the origin of the cryptocurrency in use. The original cryptocurrency transaction may be related to the purchase of the virtual money for a specific value using actual cash. The virtual money may have originated from a cryptocurrency exchange platform or cryptocurrency wallet provider.

Another origin of a specific cryptocurrency is when a miner earns it by solving all transactions connected in a particular blockchain ledger.

In both cases, a public key to identify the original transaction is generated, while the procurer or miner receiving the cryptocurrency will obtain a “private key.” If a portion or all of the original cryptocurrency received will be sent to another blockchain platform user, the private key encryption of the new owner will be recorded in the blockchain ledger.

The new recipient will likewise receive his or her own “private key,” as it gives the recipient valid authority to use the cryptocurrency for his or her own blockchain transaction.

In every blockchain transaction, the public key identifying the cryptocurrency transaction must come with a corresponding “private key,” to allow confirmation that the transaction is connected to a particular series of blockchain entries.

A cryptocurrency may be in bitcoin denomination or any other type, classified as alternative coins to the widely used bitcoin. Some examples of alternative coins or altcoins are Ethereum,Litecoin, Ripple, Dash and Cardano.

How to Convert Cryptocurrency into Actual Cash?

Still using cryptography, virtual money or cryptocurrency can be converted back into actual cash through a cryptocurrency exchange platform. The platform may be one that belongs to a third party cryptocurrency broker or a peer-peer network of cryptocurrency users.

The commutation of virtual currency into actual cash will again be recorded as a related part of the series of blockchain transactions; tying it up to the initial blockchain entry identifying the method of how the cryptocurrency was obtained. Once the public key and the private key has been verified through the blockchain platform, actual exchange of cryptocurrency into cash will be allowed to take place.

Knowing if a Mobile Application is Worth to Invest

Posted on by Malandra Trisha

Android, Apps, Launcher, Applications, Cellphone

When it comes to investment, many things come to our minds such as cars, condo, stocks and many more. This is because investment is such a big word. If you search the internet and look for the definition of the term investment, you will find that “An investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth“.  If you think that only those who have plenty of money can invest, then you are wrong. People can invest on cars and homes, for example, if they apply for a loan. There are a lot of institutions and bank that offer loans which is why it is important to vertaa lainoja and determine which loan is perfect for you. If you would want a loan to make a dream come true or combine existing loans, Zmarta compares loan offers for you so you can choose the right loan offer from their banks and institutions. You may also  ant to check out their Loan Calculator and find the right loan for you depending on your plans as well as financial capacity. 

It is not only through stocks, cars, and condo you can invest your money. Because of the technology advancement, a lot of people are investing on mobile applications. But of course, if an idea about an app is presented to you, you must make sure that it is a perfect app idea that is worth to invest.

To help you assess whether the idea is worth to invest, below are some questions which need to be answered in order to see if the creation will reach the investor’s expectation.

1. Is there a great demand from the market? How about the competition? 

Of course you need to know whether an app like the one your are planning to invest to has similar features in the app store. You can look at the app store, crunch base, and mobile action.

2. How Do Others Feel About the Idea? 

Good opportunities to meet people interested in mobile solutions are provided by social media networks and all kinds of tech events.

3. How Big is the Interest?

There are a lot cases when a new invention will fortunately start as a big hit to the industry but after a short period, there will be a sudden decrease of interest from the users.

Major Benefits of Hiring a Tax Accountant for Businesses

Posted on by Karson Gardner

Running and managing a business is no easy task. You will be charged with countless of tasks. These tasks have to be performed remarkably to ensure the success of the company or business. In the process however, managers and CEOs have to keep an eye out on their finances and guarantee that bookkeeping, taxes, payroll and everything related to finances is handled accurately every year.

While all these things are important, let’s face the fact that it’s something business owners can’t give enough time on. The solution is simple. Hire a professional accountant who will overlook all the assignments mentioned. As a matter of fact, WOT knows have in-house accountants to ensure that their finances are always on point.

Don’t make Life Hard for Yourself

Besides, there are many benefits of hiring such professional. If you are feeling skeptical or not confident about it, keep on reading.

Accuracy in Bookkeeping

For any organization or company, bookkeeping plays a critical part to its finances. It’s just literally impossible to determine how much money the company is making or losing if there’s nobody doing the bookkeeping. With the presence of experienced accountant, they have the skills and experience to do the bookkeeping fast and efficient. Thus, keeping you informed of your company’s finances whenever you needed.

What about Taxes?

For companies, the tax season is one of the most dreaded situations. They have to sift through all information and figure out what they have to claim and to which deductions best work for them. This is quite troublesome and stressful to do. Therefore, to free themselves from such trouble, they’re hiring accountants to do their taxes instead.

Payroll System, Not a Problem

The business owner is the only person who has control of everything within the business.

Usually though, employees have to operate in an agency and assist customers when coming in. Not only that, you have to do your inventory, office equipment as well as utility bills. Doing all these things on your own will eat great amount of your time – time that can be used on more productive things.

With an accountant however, they will be sorting everything in order. They can even set up your payroll system so by that, you’ll have the confidence that your staffs are paid accordingly and timely every month and that you’re spending within your means.

Knowing Which Tax Filing Method is Best Suitable in Your Situation: Tax Software or Tax Pro

Posted on by Malandra Trisha

In the present times, there are a lot of ways of making our lives easier and faster. If you are a freelancer, or you have one job, then probably you have been hiring an accountant, enrolled agent or a paid preparer such as Tucson personal tax preparer for them to process your tax return. Some preferred a tax preparer since tax law is constantly changing and not all can stay updated to the current and latest laws. Tucson personal tax preparers are knowledgeable enough to file for your personal taxes easier as well as getting the most out of your tax return. However, this is not always the case. Maybe you know someone who preferred using a tax software or an online app where in some cases, you can even combine these two and change from your desktop to a mobile. It also has its benefits such as accessibility and less costly. The question is, which method is preferable to use? hiring a tax pro or using a tax software?

Tax Software is Not as Reliable as You Think it is 

“A common misconception or incorrect assumption is that tax software will automatically prepare a correct tax return, but that’s only if the preparer understands their tax documents and their tax status. Tax software is great, as long as you enter the right info. However, it’s relying on you to be the tax expert.”

– Randall Brody, enrolled agent (IRS expert)

Most people think that it will be way efficient and less costly to just use a tax software because they see it as a safe-way to file their taxes. But Randall brought out a good point that you still need to be a professional preparer because you will be the one filling up the required details in order to come up with an accurate tax return.

So does that make hiring a tax pro as the best option? the truth is, the preparation method depends on your situation. Below are some factors to consider in deciding which one to choose:

  • Fresh Graduate Students – they are just starting to explore which career path to take. Hence, there is no need yet for a tax pro.
  • Freelancers having Steady Income– a professional tax preparer is best for this group of taxpayer since they are already like those employees with regular salaries. However, if the freelancing is more of a side job, tax software will work fine.
  • Business owners- if you are an owner of a business, then it is better to hire a professional because the tax return is more complicated.

As you can see, there is no right or wrong way of filing taxes. It depends on you which method will best suit in your situation. Hence, lot of thinking and assessment must be done prior to hiring a tax pro or using a tax software.

Financial Management 101: Guides and Tips

Posted on by Malandra Trisha

Basic Principles of Financial Management

Almost everyone wish that they can use their money in any ways without limitations and worries. Well, the truth is, anyone can do this, but they must accept the fact that eventually they will run out of money and will be full of debts. In order to avoid this, there are simple things you can do starting today to improve your money situation.

No matter how much money you are earning, it is important to organize your finances because it is the first step to creating wealth. Cash loans such as same day loans, which is really of great help, payday loans, and installment loans must be carefully tracked. In addition, there are free open budgeting software helps in tracking all accounts.

To successfully manage your personal finances, you may want to try these helpful steps:

  1. Simplify your Financial Goals- Some may find this unnecessary. but one must really take some time to come up with a specific, long term financial goals. What and where you are planning to invest depends on your overall goal. Say, for example, your goal is to retire early, then you will save more money compared to how people usually save. If your goal is to travel the world, then you will not be able ton retire at an earlier age.
  2. Detailed Financial Plan- In order to successfully achieve your goal, you must have a detailed financial plan. It must have multiple steps that includes creating a budget and how much should you be spending for one month, even paying off your debt. When creating a plan, budgeting is the most important as well as securing an emergency fund.
  3. Stick to a Budget and Avoid Unnecessary Expenses- your budget is the most powerful tool when it comes to financial management. You must be empowered enough to follow your spending plan. It is up to you if you want to make as high level or detailed as long as it will of great help in achieving your financial goal.
  4. Pay Off Borrowed Money- Unfortunately, in most cases, debt is inevitable and is a huge hindrance to achieving one’s goals. Hence, your detailed plan must focus on avoiding debts.
  5. Be Open Minded- If you successfully followed your plan, you must start on deciding where to invest in order to increase your wealth. Seeking for some advice from a financial planner will help you make smart investment decisions.