Finance Industry

Alior Bank Partners with Raisin, solarisBank and Mastercard, Creating Digital Financial Ecosystem | Crowdfund Insider

Alior Bank has announced a “pan-European collaboration” with Raisin, solarisBank and Mastercard. The four separate companies are seeking to create a new financial platform based on an open API model. This new model hopes to enable their clients “to benefit from truly open banking.” According to the group, the API will first focus on the German market with the intent to roll it out across Europe in the coming months. The group has even created a new web site called…

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A divorce behind him and no company pension, 50-something father has to finance retirement on his own

  Situation: Businessman in his early 50s has to add to kids’ education savings, then build retirement funds Solution: Strong investment returns in dividend stocks should work if loan costs can be contained A businessman in the home building industry — we’ll call him Frank — makes his home in Ontario. At the age of 52, he brings home $7,000 a month to support two teenage kids. He has had financial strains including a divorce, but his net worth, $2.3…

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PSG sanctions show UEFA financial fair play ‘is dead’ – La Liga president

Julien Laurens loves the rumour that Neymar and Thomas Tuchel got along during their first meeting while discussing Neymar’s role next season. Exclusive: UEFA President Aleksander Ceferin tells Gab Marcotti the governing body will do everything to ensure a fair financial playing field. The FC crew weigh the pros and cons of PSG’s reported interest in Gianluigi Buffon and ponder whether Financial Fair Play is a factor. La Liga president Javier Tebas said UEFA’s financial fair play (FFP) programme is…

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Dubai Courts help financial defaulters with Dh1.1m fund

Settlements worth about Dh1,196,000, have been made. The Dubai Courts has launched an initiative to alleviate the stress and burdens of financial defaulters, indebted in the execution of financial lawsuits, in collaboration with a bank.The initiative comes in line with the announcement by the President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, that 2018 is the Year of Zayed. As many as 34 such cases have been examined and settlements worth about Dh1,196,000, have been made. Taresh…

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R.I. Housing and Mortgage Finance Corp.

PURPOSE-DRIVEN: Approximately 28 percent of R.I. Housing employees are millennials. Research shows the generation wants work with a purpose.
 / COURTESY R.I. HOUSING AND MORTGAGE FINANCE CORP. BEST PLACES TO WORK 201811. LARGE COMPANIES | R.I. Housing and Mortgage Finance Corp.Employees in R.I.: 239Executive Director Barbara FieldsQuestions answered by: Barbara Farrand, director of human resources What three words best describe your staff? Talented, dedicated, creative. What employee benefit is the most popular among staff members? Health/medical benefits. What employee recognition…

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Reliance Industries, Bajaj Finance, Jubilant FoodWorks hit new highs

Shares of Reliance Industries, Bajaj Finance, United Breweries, Page Industries, Jubilant FoodWorks and Sundram Fasteners from the S&P BSE500 index hit their respective new highs in intra-day trade in otherwise subdued market. Thus far in the current calendar year 2018 (CY18), all these stocks have outperformed the market by gaining by upto 54%, as compared to 4.6% rise in the S&P BSE Sensex. Jubilant FoodWorks was up 2% to Rs 2,765,…

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Australian regulator sues Westpac bank alleging poor financial advice

SYDNEY (Reuters) – Australia’s securities regulator said on Friday it had filed a lawsuit against the country’s second-biggest lender, Westpac Banking Corp (WBC.AX), over alleged poor financial advice. FILE PHOTO: Commuters walk past a Westpac bank branch in Sydney, Australia April 23, 2018. REUTERS/Edgar Su The Australian Securities and Investments Commission (ASIC) said it filed a Federal Court civil lawsuit alleging that a former Westpac financial planner breached the “best interests” duty under the Corporations Act, provided inappropriate financial advice…

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Senators slam top financial regulator over banking scandal

A top financial regulator felt the wrath of senior senators over his refusal to say which banks were behind the opening of 20,000 potentially unauthorized accounts. Speaking before the Senate Banking Committee Thursday, Joseph Otting — head of the Office of the Comptroller of the Currency — once again defended the agency’s decision not to release the names of the 40 banks it found had engaged in questionable account-opening practices. Senators weren’t buying his line. “I understand all about classified…

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Financial abuse of older persons is rampant

Friday, 15 June 2018, 9:43 amPress Release: UNHCHR Financial abuse of older persons is rampant and must be exposed, says UN expert GENEVA (14 June 2018) – We must all be more vigilant and report suspected cases of abuse of older people, including financial wrongdoing, says a UN expert. The Independent Expert on the enjoyment of all human rights by older persons, Rosa Kornfeld-Matte, says most abuse goes undetected, even when there are clear warning signs. In a statement to…

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Beyond Hurricanes: How Do We Finance Resilience in the Caribbean?

Caribbean Climate Wire, Climate Change, Environment, Featured, Headlines, Humanitarian Emergencies, Latin America & the Caribbean, TerraViva United Nations | Opinion Deodat Maharaj is UNDP Senior Advisor for the Caribbean A woman walks in the street of Roseau, capital of Dominica, which has struggled to overcome the severe impact of two category 5 hurricanes which tore through the region in September 2017. Credit: UNICEF/Moreno Gonzalez UNITED NATIONS, Jun 8 2018 (IPS) – As a new hurricane season approaches in the Caribbean,…

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Fintech for Seniors: It’s Just the Beginning – Rapidly Growing Population of Older Adults Represents Market Opportunity for Fintech Innovation in Financial Services – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Jun 14, 2018–The “Fintech for Seniors: It’s Just the Beginning” report has been added to ResearchAndMarkets.com’s offering. This report addresses the market opportunity for financial technology innovation in products and services to serve the needs of the rapidly growing population of older adults or “seniors.” There are now nearly 50 million residents over the age of 65 in the United States, a number the U.S. Census Bureau estimates will more than double by 2060. Increased longevity and continued growth…

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Kenya’s Finance Minister proposes reforms to boost bank lending

NAIROBI, June 14 (Reuters) – Kenya’s government will introduce a set of reforms for the financial sector aimed at boosting private sector credit growth after it was hit by a cap on commercial interest rates introduced in 2016, the finance minister said on Thursday. “The government is putting in place a package of reforms aimed at optimizing lending to the private sector while at the same time encouraging innovation in the financial sector,” Henry Rotich told parliament in this year’s…

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Vernacare appoints chief financial officer

Infection prevention specialist Vernacare, based in Bolton, has appointed Nicola Boulton as chief financial officer, with responsibility for finance, business planning and HR. She joined the business four years ago as financial controller and has helped manage a phase of rapid growth for the company. This includes Vernacare’s 2015 management buyout – led by majority shareholder Palatine Private Equity – and the recent acquisition of Chorley-based Synergy Healthcare Consumable Solutions (HCS). Read More Nicola is an ACCA accountant and a…

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ReelTime Builds it’s Patent Portfolio With New 360 Video Capture Technology Utilizing Cell Phones, Tablets, or Cameras – Finance Industry Today

ReelTime Builds it’s Patent Portfolio With New 360 Video Capture Technology Utilizing Cell Phones, Tablets, or Cameras – Finance Industry Today – EIN News Trusted News Since 1995 A service for finance industry professionals · Thursday, June 14, 2018 · 451,540,656 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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How UBS is trying to change the face of banking research

For analysts at UBS, everything starts with a question. The bank gathers between 60,000 and 70,000 questions per year from clients. These range from the macro — such as “how will a trade war impact the global economy?” — all the way to minutely detailed questions about the price of components in computers and cars. Questions are then put into a database which the bank’s staff can look to when trying to analyse the state of the thousands companies it…

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