fabiochiu/medium-articles huggingface dataset:
SMBC selects NEC to build next-generation core banking system
By: Norbert Gehrke
Tags: Startup, Japan, Fintech, Banking, Innovation

Not surprisingly, Sumitomo Mitsui Banking Corporation (SMBC) has chosen long-time technology partner NEC to build their next generation core banking system, as MONEYzine reported last month.

It struck us as curious that the reporting was emphasizing the next generation model of NEC’s mainframe, together with a new processor, rather than innovative products the engagement will provide. It is also valuable to know that the bank’s general ledger will migrate from a hierarchical database management system to a relational one. The core system renovation will begin rolling out in 2021, and be finished by 2025.

We must admit that the above reminds us of this BMW advertisement from the early 1970s, promoting the exclusive “Dreikugelwirbelwannen-brennraum” (please do not ask me to translate this).

It takes us back to a time when technical features, rather than design considerations, were the most important considerations for a purchase.

We also wonder whether the announcement of selecting “NEC to build next generation core banking system” means just that, i.e. a custom-build rather than the deployment of one of the leading 21st century core banking platforms, such as Mambu (powering German neobank N26) or Thought Machine (deployed by Standard Chartered for their digital bank Mox in Hong Kong), for example. It is worth pointing out that just about a month before this announcement, NEC moved to acquire Swiss-based core banking and wealth management software vendor Avaloq. Will that possibly be the solution deployed at SMBC?
Nonsense, deregulation and failure to regulate at all, at the behest market fundamentalists who…
By: Jagdeep Bhaura
Tags: Government, Regulation, Banking

Nonsense, deregulation and failure to regulate at all, at the behest market fundamentalists who stomped their feet like spoilt toddlers at any restriction on their ability to make money for themselves while pushing the all the risks onto the system.

1) failure to treat CDS as insurance products and regulated accordingly.

2) allowing investment banks to go public taking the risk of their speculative activities and dumping it on shareholders while hoarding all the profits.

3) allowing financial institutions to be retail, investment and insurance banks

The State had a pretty good idea what the risks where and blocked the complexity. It is State capture that is the problem.
SBI Specialist Officer Online Form 2020
By: Sarkari Select
Tags: Sbi So Exam, Banks, Banking Technology, Banking, Ibps

HI ,This is Sarkari Select Job Website For Immediate Notification Available On This Website. All Current Job Notification Details Available Here. Your Welcome
$$ Joey Bands $$ GRG Banking
Tags: Grg Banking, Banking

GRG Banking is a Chinese listed enterprise, specialized in the financial self-service industry. GRG Banking is engaged in research and development, manufacturing, sales and service, software development for automated teller machines, AFCs[clarification needed] and other currency recognition and processing equipment.

Contents

GRG Banking is a subsidiary of Guangzhou Radio Group (GRG) that was established in 1957. The Guanzhou Radio Group is an organisation which supplies communication solutions. GRG Banking’s predecessor is Guangzhou Yun Tong Technology Engineering Limited which was founded in 1989. It was the first domestic ATM equipment manufacturer in China. In 1999, GRG invested in the financial electronics field and set up an independent innovation high-tech enterprise — GRG Banking, which began producing ATM of its own intellectual property rights.

On 1 November 2010 the first Chinese ATM R&D Academy, GRG R&D Academy was founded by GRG Banking. So far, the GRG Banking ATM industry park has become the ATM manufacturing base with the largest ATM production capacity of the world.[citation needed]

In April 2013 GRG banking passed the certification of the French Groupement des Cartes Bancaires CB[1] to be able to sell the DT7000H22Nx (ATM) and the DT7000H68Nx (ATM) to the French market.

In February, 2016 GRG Banking as a provider of currency recognition and cash processing solutions. GRG Banking is the №1 ATM supplier in China market for 8th consecutive year and top 4 in the world.[citation needed] GRG’s products are used in over 80 countries and regions worldwide, with over 220,000 machines installed.[citation needed] GRG’s products have been used in Finance, Telecom, CIT, and retail sectors. GRG has set up branch offices or subsidiaries in different countries of different areas including the United States, Russia, Ecuador, Vietnam, etc.[citation needed]

In the United States, GRG Banking has established a long-term partnership with several key local partners since 2009. GRG International[2] is one of the most longtime partners whose distributor includes Cummins Allison Corporation[3] and others. In 2018, GRG Banking established its own subsidiary in Illinois to enhance the relationship with the local partners and better serve the customer in the market.

IT infrastructure services

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Retail

Self-service

Notes and references[edit]

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बैंक अकाउंट का बैलेंस कैसे चैक करें।how to check our bank balance.
By: Vishal Kumar
Tags: Money Management, Money, Money Transfers, Bank Account, Banking

I AM A INDIAN BLOGGER AND I BLOG ABOUT THE TECHNOLOGY.IN WHICH I GIVE FULL AND BRIEFE KNOWLEDGE OF TECHNOLOGY.
“IS ATM industry lacking behind somewhere to explore their world to commoners?”
By: Siddhesh Juwatkar
Tags: Cash, Atm, Banking

Even ATM is essential part of day to day banking of every commoner even how many of them knows that who is serving at their doorstep? Obvious answer we will get that, It’s very less. While looking around to payment industry , the giant market player like Phone Pe, G pay, Pay TM and Razor Pay has carved their names people’s as whenever people use their services it is required to go through the names of them through their built up apps.

Even payment industry is B2C business whereas in ATM industry services or product provider like ATM manufacturer , ATM service provider, Cash logistic companies etc are remained as backend players in B2B business cycle, we need to consider power of the commoners world , it big market to enhance the limits of the business services. Hence it is required to make them aware what are the differences we are making in their life.

“Even ATM is essential part of day to day banking of every commoner even how many of them knows that who is serving at their doorstep?”

Some years before a well concept has been evolved in industry that is white label ATM’s which was very exponential way for market leaders to explore their names to commoners because when the name grow

more people are started to move on along with it and accordingly opportunities as well.

Below are some observed highlights which ATM industry market players can grabs to set up new angle of their business.

A) Enhancement of ATM manufacturer and ATM service provider Brand Name :- ATM machine or ATM lobby which is very common viewable area for ATM users hence machine manufacturer name should be highlighted one in this area so they came aware about the names which product they are using likewise we all know which computers or laptop we all use.

B) Capturing every commoners and business transaction: — As we know ATM is evolved while observing cash withdrawal and deposit transactions in bank there are other so many banking transactions or other financial transaction which can give significant opportunity to develop product or services accordingly.

C) Cash or Value goods Logistic Enhancement:- There are still some of the physical movements activities which are irreplaceable even AI age like ATM’s cash loading , cash collections from cash points. Business groups in this niche should look for various market opportunities by observing commoners businesses like medium or small scale business where this service can deploy or services can be enhanced.

D) Innovative Business Model : — Apart from traditional services now it’s time to set up business module which will explore this world to mass and which will carve the “Brand Name” in the commoners mind.

“Extra ordinary things are happened when we start to play with ordinary common sense”

-Siddhesh Juwatkar
Who Is Lark Davis?
By: Exciting World Cryptos
Tags: Investing, Dialog, Banking, Mining Industry, Bitcoin

Lark Davis is a platform that provides information on content to topics. Such as Bitcoin and other Cryptocurrency and anything else in relation to blockchain technology. As well daily news and current events. This usually comes in the form of videos on this channel. Always providing videos on a daily basis to which is happening in the daily markets of all industries. Now let’s go over to what Lark Davis is more in depth.
SBI Clerk Mains Result 2020
By: Sarkari Select
Tags: Ibps, Sbi Clerk Exam, Banks, Banking

HI ,This is Sarkari Select Job Website For Immediate Notification Available On This Website. All Current Job Notification Details Available Here. Your Welcome
ലോൺ എടുക്കാൻ ഇനി ബാങ്കുകൾ കേറി നടക്കേണ്ട,പെട്ടന്നു ലോൺ എടുക്കാൻ ഒരു പുതിയ അവസരം.
Tags: Money, Finance, Online, Banking, Loan Against Property

Hi guys, Welcome to my website. My name is Sonu. I am a Software Testing Engineer and web designer. I am also a YouTuber/blogger.
Software Engineering vs. Investment Banking: Career Decisions
By: William Chon
Tags: Finance, Careers, Compensation, Software Engineering, Banking

What Career Will Make you Rich by 30?

For those in college, two of the most important decisions you’ll have to make are:

What do I want to major in?

What career do I want to pursue?

Unsurprisingly, these two decisions are closely intertwined. In order to pursue a career in software engineering right out of college, it’s important that you major in computer science. If you want to go into investment banking, economics, or business make the most sense.

Having gone to a competitive school, there was always a lot of chatter around a third topic: What careers are the most lucrative? Two common options typically arose: software engineering and investment banking.

This article breaks down these two career paths — if two career-driven college graduates were to dedicate themselves in each of these fields, how much money can they expect to have earned by the time they reach 30?

For this article, let’s follow the career paths of two hypothetical people. Although fictional, I try to base their earnings in reality based on public compensation data.
FinTech 2021: 20 Articles for FinTech Experts
Tags: Cryptocurrency, Finance, Fintech, Banking, Covid 19 Crisis

As the new year approaches it is a great time to recap 2020 outcomes, review market activity and expert predictions for 2021 to tailor the strategy accordingly. This year was full of unpredicted events with the pandemic and lockdown as major ones that had a strong influence on the financial industry. In this list, we summarized 20 recommendable articles to help you navigate to 2021.

FinTech Global Trends 2021

The global FinTech ecosystem continued to grow and develop during 2020, despite slight funding cool down. With worldwide fostered digital transformation, more focus on unbanked population and FinTech regulations, technology advances, 2021 is expected to become another prominent year for the FinTech industry. Let us take you through a global FinTech market overview and predictions for the near future:

Major activities and trends within the FinTech market globally and in the key regions — KPMG Report Top FinTech trends and predictions for 2021 by financial experts Digital payment innovations tendencies which simplify business financial operations and save money

FinTech and COVID-19

There is no doubt that COVID-19 has had a huge impact on both consumers and business behavior, which means that companies should adapt as fast as possible to the new normal. Therefore, it is one of the most powerful factors which will shape FinTech and banking players’ actions in 2021.

Read about:

Bank and FinTech Partnership

In recent times, it became obvious that the Bank and FinTech partnership is a win-win situation for both sides. Banks become more innovative, digital and customer-centric, while FinTechs get regulation-compliant financial services. Establishing such a partnership will be seen as a priority for many financial institutions and FinTechs in 2021. Thus, it is crucial to find the right partner to thrive together.

Find out:

Top FinTech vendors and players as of 2020

Whether you are an investor keeping an eye on startups to contribute to or a fintech startup looking for a trustworthy software provider to build your idea, it is useful to be aware of market players and their activity. Here you’ll find “Top” lists for several market segments.

Get to know:

Technology Trends in the Financial Sector

Advanced technology not only shapes customers’ behavior but also helps companies gain a competitive edge on the market. Industry experts predict that in 2021 the finance industry will be greatly influenced by AI implementation, decentralized finance and open banking approaches, cryptocurrencies, and blockchain.

Learn more about:
K2Crypto ahead of the New World Economy through AI tech
Tags: Investing, Ecosystem, Banking, AI, K2crypto

Foreseeing the future become available for K2Crypto ecosystem platform users with adaptive Artificial Intelligence (AI) and Machine Learning (ML) solutions.

On the backside inside our ecosystem ML is used to extract useful, actionable real-time information from often sizeable amounts of data to better inform investors of the appropriate decisions to take. As if it`s the case when making strategic decisions around the implementation of other emerging technologies, firms struggle to strike a balance between being early adopters and late adopters.

Our K2Crypto team has used AI and ML techniques in the past 9 months, and the number of respondents using linear regression in investment strategy and process outnumbers those using AI and ML techniques by almost five to one.

K2Crypto solutions provide global capabilities, supported locally to every customer by complex financing and based on individual liquidity requirements. We are connecting customers to opportunities by implementing a smart design of market analytics to explore the safest way to navigate your finance in the future.
All Bank Account Balance Check App
Tags: Banks, Banking Technology, Bankruptcy Attorneys, Banking, Bankruptcy

You can check you bank account with bank apps . there are many apps available for it . Some apps can help you to manage multiple apps from one app. i am mentioning one app . you can do number of things with it like

1 ) Check bank balance

2 ) Check mini statement

3 ) Call bank customer care

4 ) Find nearest banks

5 ) Find nearest Atms

6 ) And More

and more for free. This App contain top American and Indian Banks. Here is this App , Click below to open app
Bank Of Baroda (BOB) Recruitment|Apply Online For Specialist Officers Posts 2021
Tags: Jobs, Jobs In Canada, India, Banking, Trending

Bank Of Baroda (BOB) Recruitment|Apply Online For Specialist Officers Posts 2021

Bank Of Baroda (BOB) Recruitment 2021:Bank Of Baroda (BOB) Recruitment For 27 Specialist Officers And 5 Fire Officers Posts.BOB Vacancy 2021 All Details Like Total Posts, Education Qualifications,Age Limit,How To Apply,Salary And Important Dates Are Given Below.

Bank Name:Bank Of Baroda (BOB)

Total Posts:32

Posts Name: Specialist Officers And Fire Officers

Bank Of Baroda Recruitment Education Qualification

Specialist Officers:

Graduate At In Government Recognized University.

Experience:An Officer not below the rank of Captain of Indian Army or equivalent rank in Indian Navy / Air Force, with a minimum of 5 years of commissioned service.

OR

An Officer not below the rank of Asstt. Superintendent/Deputy Superintendent / Asstt. Commandant/Deputy Commandant of Indian Police/Para Military Forces with a minimum of 5 years’ service as an Officer in such Force.

Fire Officers:

BE (Fire) from National Fire Service college (NFSC),Nagpur.

OR

B.Tech (Safety & Fire Engineering) from recognized university (AICTE).

OR

B.Tech (Fire Technology & Safety Engineering) from recognized university (AICTE).

OR

Graduate from Institute of Fire Engineers. (India / UK)

OR

Completed Station Officers Course from National Fire Service College (NFSC) Nagpur.

Experience:Minimum 03 years’ post-qualification experience as a Station Officer or equivalent post in a City Fire Brigade or in a State Fire Service or In-Charge Fire Officer in big industrial complex.
2020: o ano da digitalização do dinheiro
Tags: Baas, Fintechs Movile, Fintech, Banking, Mercado Financeiro

Learn more. Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Make Medium yours. Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore
Stratus to Soon Launch Banking Platform
By: Apollo Fintech
Tags: Payments, Cryptocurrency, Apollo, Banking, Social Media

by Marvin Dumont

Stratus.co will soon launch a banking platform for payments, money transfers, loans, gift cards and more. Apollo developers are currently testing and finalizing the system.

Download Stratus, the world’s most expansive social ecosystem.

Android: bit.ly/3nxFN4a

iOS: apple.co/3nEMS2V

Learn more about Stratus through this explainer video: youtu.be/qggnB78oB5I

Access an internet of platforms and services.

Apollo Fintech is a leading blockchain company that develops world-shaping fintech solutions for a global economy. Apollo has offices in Africa and North America with plans to expand in Asia, Europe and Latin America. Apollo Fintech is becoming a global leader in Government Blockchain solutions, as well as pioneer of international mass adoption.

Learn more at aplfintech.com.
Top 5 stories about Education Loan in 2020 in India
By: Financepeer Official
Tags: Loans, Education Loan, Restructuring, Banking, Stories

Top 5 stories about Education Loan in 2020 in India

Drop-in Education loans businesses due to Covid.

The Pandemic had resulted in a drop in the education loan business in the year 2020. The first quarter of the year was swiped down due to lockdown. According to Avanse Financial Services CEO, Amit Gandia, the first quarter of the year saw only 20% of disbursements, as compared to last year. However, the second quarter ending September had some growth and the volume spiked up to 45%.

2. RBI allowed the restructuring of personal loans

Due to pandemic situations, the employee fire rate was at a surge. Reports suggested that people were drawn towards traditional courses such as engineering, medicines, science, etc. In August 2020, the RBI allowed the restructuring of existing Education Loans to help people manage their financial stress due to the pandemic. This includes the rescheduling of payments. Also granting of temporary suspension of loan for maximum up to 2 years after income assessment of the individual was a part of it.

3. Banks may offer loans for studying from home

A few state-owned banks are working on creating new loan products t fund online education. M Aruna, deputy general manager of Indian Bank, said the institution was thinking about how to allow applications if students apply for coursed that are virtual in nature[Times of India].

The primary discussions have begun. The banks could start to lend education loans for online courses done through private educational service providers.

4. Application for Education Loans restructuring Scheme

SBI had launched an online portal to relieve its borrowers amid the COVID-19 crisis. The borrowers can check eligibility criteria and apply for restructuring their loans through that portal.

5. How to apply for SBI restructuring online-

Log in to the restructuring portal

Enter loan account number

Complete verification to know your eligibility

Get the reference number(Valid for 30 days)

Visit a branch to complete all formalities

Document submission and verification

Under this framework, borrowers whose loan accounts were classified as standard and not default to or more than 30 days as of March 1, 2020, are eligible.

6. Introduction to Education Loan EMI Calculator:

EMI calculator answer the following questions-

Monthly payments upon application of loans

Total Cost of loans

total interest payable

detailed amortization table breaking down the EMIs into principal and interest amounts on a monthly as well as a yearly basis

to get an estimate of the equated monthly installment (EMI), the following details are required-

tenure

interest rate

other processing fees

Most lenders may allow you to make part prepayments on your loan every year. If you are willing to make such payments, you can enter the details in the calculator and the result will guide you on how much you will save on interest payments and by how many years your tenure will get reduced.

Current scenario of Education loans in India from different banks.
5G Technology and New Business Cases for Banking
Tags: Internet of Things, Technology, 5g, Cloud, Banking

Learn more. Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Make Medium yours. Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore
I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines…
Tags: Blanka Stream Deutsch, Banks, Banking Technology, Atm, Banking

GET RICH WITH BLANK ATM CARD …

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web hackers send them the atm blank card and use it to collect money in any atm machine and become rich. I….Email : carolblankatmcard@gmail.com.

Hangout : carolblankatmcard@gmail.com.

them also and they sent me the blank atm card. I have use it to get 90,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.
7 Steps to follow while withdrawing money from ATM
By: Balaji Murumbe
Tags: Money, Banking, Atm Card, How To

How to use ATM card ? thats the Question every biginner has. But don’t worry. Follow these 7 steps to withdraw money from any ATM machine.

Step #1 : Insert a ATM card or Debit card.

In this step you have to insert your ATM or Debit card in the machine slot. While inserting your card in machine slot keep your on card chip forward and insert it and push backward again. Automatically you see The next step . “ Choose Your language” .

Step #2 : choose language.

In this step you have to choose any one language from suggested options. Click on side buttons of that options. For example : English. Now you will see next step. “Choose transaction type”.

Step #3: choose transaction type .

In this step you have to choose transaction type. For withdrawal of money you choose

“cash withdraw “ option. Example I choose : withdraw. Now you will see next step.

“ Choose account type”.

Step #4: choose account type.

In this step you have to choose type of bank account. For example: saving account, current account etc. Consider I will choose saving account. Now you will see next step

“ Enter the amount “.

Step #5: Enter the amount.

In this step you have to Enter the amount you want to withdraw. For example I want 200 Rs, then I will enter 200 by using atm keypad buttons. After entering the amount you will see next step “Enter your pin”.

Step #6: Enter your pin.

In this step you have to enter pin of your ATM or Debit card. Be careful while entering the pin of your ATM card. Enter right pin. If you tried multiple time to enter pin which is incorrect your card maybe blocked. So be careful about this step. Now you will see next step message on screen “Wait for a moment , we are processing” .

Step #7: wait a moment and collect cash.

In this step you have to wait for transaction processing. Your ATM machine process your input and give you collected cash through slot. Collect your cash and finish.

These are the 7 standard steps for withdrawing money from ATM machine using ATM or Debit card.

If you steel facing problems for withdrawing money then try again and follow above seven steps.
pay2new customer care number 7602801978
Tags: Pay2new Customer Care Num, Banking, Paweł Kuczyński, Love

in The New York Times
Visa looks at offline payments for digital currencies
Tags: Payments, Cryptocurrency, Credit Cards, Visa Card, Banking

A news report in Finextra reveals that Visa has published a technical paper on “offline point-to-point payments between two devices.” The card company says it would be a means for central banks “to replicate the physical exchange of cash using digital currencies.”

This comes in the wake of a slew of central banks considering the issuance of a CBDC. Any design of these will need to include a framework for the exchange of digital currencies without either person involved having to have an Internet connection.

The Visa protocol outlines a method whereby digital currencies can be directly downloaded to a personal device, and stored in secure hardware embedded in the device, but managed by one of the wallet providers. In this way CBDC can be sent from one device to another without a bank as intermediary, or any other payment networks.

Visa says in its technical paper: “To facilitate the secure issuance and transfer of CBDC, we envision a CBDC design under a two-tier hierarchical trust infrastructure, which is implemented using public-key cryptography with the central bank as the root certificate authority for generating digital signatures, and other financial institutions as intermediate certificate authorities. One important design feature for CBDC that can be developed under this hierarchical trust infrastructure is an offline capability to create secure point-to-point offline payments through the use of authorized hardware. An offline capability for CBDC as digital cash can create a resilient payment system for consumers and businesses to transact in any situation.”

Visa envisages that this system would be ideal in places where Internet connections are poor and/or intermittent, and where full access is only available at places like Internet cafes.
Fixed Deposits: How they Work and their Benefits
By: Chamal Perera
Tags: Sri Lanka, Banking

There are a variety of ways to increase your savings today, most of which, guarantees a higher return. Fixed deposits (referred to as FDs) is one such popular type of investment.

The fixed deposit facility of HNB FINANCE allows you to earn comparatively higher, which is just one of several benefits you can experience, when compared to other financial institutions in Sri Lanka. Before understanding the other major benefits, let us first understand how an FD works.

How do Fixed Deposits Work?

Simply put, FDs are investments that guarantee a fixed return after a certain period of time or ‘term’ (agreed by the individual and the financial institution beforehand). This return comes with an interest, which is calculated based on the period of the investment.

Due to the sure return, a fixed deposit is a safer investment option to earn higher income.

Read more at — https://www.hnbfinance.lk/blog/fixed-deposits-how-they-work-and-their-benefits/
If you have taken out a loan or are planning to take out a loan, you probably know what the…
Tags: Borrowers, Loan, Services, Banking, Bank

If you have taken out a loan or are planning to take out a loan, you probably know what the SARFAESI Act is before taking out a loan.

Read this to avoid getting scammed by bank loan borrowers:

https://www.eye4techkerala.com/2020/12/bank-loan-new-policy-read-this-to-avoid.html?m=1
Open Banking in Lithuania [updated]
Tags: Analytics, Fintech, Open Banking, Banking, Data

Facts and figures

According to EBF, Lithuania has 18 banks and the largest are SEB and Swedbank. Lithuania is the second largest fintech hub in Europe, behind the UK, with its licensed companies. The EBA sample showed that Lithuanian banks were amongst the most profitable in Europe.

Banks continue to decrease operational costs as movement to digital banking is growing — from the population of 2.8 million people in Lithuania, 35% is now using Smart-ID, an online banking verification system.

Open banking

Most of the largest banks have active open banking developer portals that provide regulated access to account information. Active portals:

Integration with APIs

To use access and use the open banking APIs in Lithuania, you will need to acquire an account information service provider license, issued by the relevant authority. In addition to that, you will require a relevant certificate (QTSPs or eIDAS), compliant with PSD2 requirements.

Alternatively, you can use Nordigen’s free Account Information solution. Key benefits:

one API, already integrated with all the major Lithuanian banks,

access bank account history, up to 2 years,

90-day continuous access to bank accounts,

access to personal and business account information,

free of charge, no hidden fees.

Learn more about Nordigen’s Account Information here or get access to the API now.
Cashaa will list on KuCoin to aid the rollout of its Global Banking Platform
By: Cashaa Team
Tags: Cryptocurrency, Updates, Banking, Blockchain, Features

Cashaa will open accounts to India, USA, UK & Europe

Cashaa is excited to announce it is listing on KuCoin exchange to aid the adoption of its native CAS token in conjunction with the rollout of the world’s first crypto friendly banking platform. Cashaa will be aggressively rolling out its services across India, USA, UK & Europe over the next 3 months.

Cashaa already provides banking services to hundreds of leading crypto businesses. “KuCoin having 6 million users worldwide will significantly increase the awareness of Cashaa’s banking services and the accessibility of the CAS token” said Kumar Gaurav CEO of Cashaa.

In India, Cashaa will serve customers through it’s joint venture Unicas, which will be rolling out an online application and physical branches for its services.

Mr Gaurav stated “Our branches will be aimed at the education and introduction of cryptocurrency to the Indian population. This is a significant moment in history as these are the first physical branches to enable crypto friendly banking services.”

Johnny Lyu, CEO at KuCoin Global, said “Bringing crypto to the mass is one of the key missions at KuCoin, and we are excited about the physical crypto bank branches to be opened in India by UNICAS. The crypto adoption is inevitable and KuCoin will continue to support crypto gems that contribute to this goal.”

Cashaa has built a regulatory compliant banking platform which enables users to transact in fiat and crypto seamlessly from the one account dashboard. The platform gives its users access to the Indian banking system, Bank of England, European Central Bank, the Federal Reserve with JP Morgan as a Correspondent Bank.

The CAS token which will power the banking ecosystem and is an essential requirement to use Cashaa’s services. Utilities include: Activating bank accounts, discount on transaction and international wire fees, free FX and crypto exchange as well as staking for crypto debit cards and exclusive banking services.

From January, Cashaa will start offering its services to individuals and businesses in all 50 states of the USA, followed by the UK and Europe in February.

KuCoin Listing Schedule:

Trading will go live on Kucoin at 18:00 December 21, 2002 (UTC+8).

Deposits are open now

Withdrawals will open December 22, 2020

The Cashaa Team

The Next Generation Banking Platform
IIFL Home and ICICI Bank tie-up for affordable housing, MSME loans
Tags: Icici Bank, Msme Loan, Iifl, Msmes, Banking

On December 19, IIFL finance has announced the association with ICICI bank to provide affordable housing and Medium Small Micro Enterprises loans. IIFL Home Finance Ltd and ICICI bank have entered into a sourcing and servicing arrangement to make a partnership in extending the credit to the affordable loans and MSME loans (loans against property, said by IIFL finance in a regulatory filing.

This association will create benefits from both sides. IIFL Home will provide service and support to customers through the entire period of loan which includes the sourcing, documentation, collection, and loan servicing whereas ICICI Bank will provide funding to these customers. Definitive agreements for the arrangement which includes the sourcing agent agreement and service provider agreement have been developed between IIFL Home and ICICI Bank on December 18, the filing has reported. IIFL Finance Ltd is one of the leading companies in the Indian financial services sector, which is involved in the business of loans and mortgages along with its subsidiaries IIFL Home Finance Limited and Samasta Microfinance Limited.

The products offered by IIFL include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, developer and construction finance, and capital market finance and catering to both retail and corporate clients. IIFL Home Finance Limited comes under the Companies Act of 1956 and it is also registered as a Housing Finance Company with the National Housing Bank. The Company is a subdivision of IIFL Finance.

IIFL Securities Limited (Formerly India Infoline Limited) is one of India’s largest independent full-service retail and institutional broking house. It’s being a leading advisory firm in India helping out the investors, corporates, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high net worth individuals in diversified financial services and products investment funds to individuals and retail clients. One of India’s fastest-growing wealth management firm IIFL Wealth, which is having an AUM greater than 21 billion USD. They serve the highly net worthy individuals who are having highly important needs, also wealthy families, family offices, and clients from different institutions through a variety range of tailored wealth management solutions.
Open Banking in Latvia [updated]
Tags: Analytics, Fintech, Open Banking, Banking, Data

Facts and figures

According to EBF, Latvia has 16 banks and the market is dominated by Nordic banking groups such as Swedbank, SEB and Luminor. Citadele bank is the largest non-Nordic retail bank operating in Latvia. The population of Latvia is 1.92 million people and 72% of the population use online banking(Statista, 2019).

Open banking

Most of the largest banks have active open banking developer portals that provide regulated access to account information.

Active portals:

Integration with APIs

To use access and use the open banking APIs in Latvia, you will need to acquire an account information service provider license, issued by the relevant authority. In addition to that, you will require a relevant certificate (QTSPs or eIDAS), compliant with PSD2 requirements.

Alternatively, you can use Nordigen’s free Account Information solution.

Nordigen free PSD2 data API

Nordigen offers a free PSD2-compliant open banking API, that allows businesses to access bank account information of their existing or potential customers.

Key benefits of using Nordigen:

Nordigen is a licenced AISP,

one API, integrated with all the major Latvian banks,

access to bank account history, up to 2 years,

90-day continuous access to bank accounts,

access to Personal and Business account information,

free to use, no hidden fees.

Learn more about Nordigen’s Account Information here or get access to the API now.
Who’s leading the next breakthrough? The current landscape of Central Bank Digital Currencies
By: Americana Chen
Tags: Digital Transformation, Finance, Technology, Banking, Blockchain

6. The US’s approach — slower but with more prudency

While other countries are actively rolling out piloting projects, the United State, who had been one of the leading country in terms of technological advancement, seems to be a little bit behind on its progress towards issuing a CBDC. One of the reason is that for domestic consumers, the existing digital payment system in the US is already very convenient, most consumers are not willing to change their payment methods and adapt to a new digital payment system. A survey conducted by Genesis Mining consisting of 400 participants, revealed that less than 25% of participants agreed to the proposition of a Dollar CBDC. Most respondents have associated the concept of CBDC with crime activities fostered by cryptocurrencies, which could be the major reason why the general public in the US are pushing themselves against the idea of CBDC.

The US Federal Reserve is being exceptionally prudent on the issuance of US CBDC. In contrast with most of the countries focusing on the benefits of a CBDC, the US have identified many potential challenges and issues that would arise with the issuance of a CBDC, mainly concerning the security challenges, such as cyber attack, fraud and implementation of anti-money laundering laws in CBDC.

image source: Unsplash

The Deputy Treasury Secretary Justin Muzinich also said that “ finding a balance between preventing illicit activity and respecting consumer privacy will be a challenge.” The dilemma between security and privacy is a major challenge for US CBDC, as US citizens are more sensitive to cyber privacy issues.

“We do think it’s more important to get it right than to be first and getting it right means that we not only look at the potential benefits of a CBDC, but also the potential risks, and also recognize the important trade-offs that have to be thought through carefully,” — U.S. Federal Reserve Chair Jerome Powell

The US have been researching and developing a hypothetical CBDC with researchers at MIT, but the feasibility and the progress has been much slower than other countries such as China, Japan and Singapore.
Review Of The Modern Investor
By: Exciting World Cryptos
Tags: Money, Finance, Bitcoin, Banking, Lending

Review of The Modern Investor The Modern Investor is a platform that provides information on content to topics. Such as Finance, Cryptocurrency and anything else in relation to economics. This usually comes in the form of videos on this channel. Always providing videos on a daily basis to which is happening in the daily markets of all industries. Now let’s go over to what The Modern Investor more in depth. Links To Find The Modern Investor The Modern Investor Follow Me On Facebook ! https://www.facebook.com/TheModernInv... https://www.youtube.com/channel/UC-5H... Follow Me On Twitter: https://twitter.com/ModernInvest ____________________________________________________ Links of Interest My Website: www.excitingWC.com Social: Twitter: @ExcitingWorld32 Uptrennd: https://www.uptrennd.com/user/jr YouTube Channel: https://www.youtube.com/c/WorldT Hive: worldtraveller32 Flote: excitingworld32 LBRY: exciting-world-cryptos Email: newcodelogic@gmail.com Big Thanks To All My Followers, Subscribers, And Everyone Everywhere If You Like To Help My Platform. Donations Are Kindly Accepted Below These Help Provide You Alway With Quality Information on Crypto. Thanks So Much Cointr.e: https://cointr.ee/excitingworld32 Bitcoin: 1mwKGPCzjiTWrMsTZBojQjcSJGgUiv2F4 Ethereum: 0xE58bc9Cf1F43C27d5EB9942138C97c55eE5d7b2B Litecoin: Ld3BLhdXmQJoWzjm72TX86RyvRvoUnLjcj DASH: Xkajy3TtF1d85Hrkc5qnQKxzoTESUhvYBi Earn Zen — Referral Link https://getzen.cash/auth/register?ref... Patreon: Donate to My Patreon: Exciting World Cryptos Amazing words. #moderninvestor #currency #investing #feedback #cryptocurrency news #uptrennd #blockchain use cases#Homeofcrypto #1up #tokens #icos #cryptocurrency converter #cryptocurrency millionaire #scams #safety #technology #techevents #toronto #canada#downtrend #academy #satoshi #login #ideas #reversal #telegram #social #media Thanks for watching; If You Have Any Questions Feel Free To Use the Links and Contacts Presented
Cryptocurrency is changing the way we live
By: Kenny Rimba
Tags: Cryptocurrency, Money, Banking, Investment, Bitcoin

How do you pay for your coffee? Most of the answer would probably be either cash or credit cards.

But, can you believe the invention of blockchain, which is the technology behind cryptocurrencies, became increasingly popular these days that sometime in the future, we will be seeing everybody pays their coffee with cryptocurrencies? Let’s break it down.

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology — a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

Cryptocurrency is basically a type of currency which uses digital files as money. People mostly refer Cryptocurrency as Bitcoins. While it’s related to each other, it’s not actually quite the same.

Cryptocurrency consists of many currencies that uses Blockchain technology. There is many examples of cryptocurrencies, such as ethereum, litecoin, dogecoin, and many more. Bitcoin is the most popular one across the world.

The way cryptocurrency works

Here, we will be discussing the advantages and disadvantages of cryptocurrency over conventional money and how it would take part to change the global economy system.
Is Quant’s Life Hard or Easy?
By: Harbourfront Technologies
Tags: Software, Banking, Programming, Hedge Funds, Data Science

Last month, efinancialcarreeers published a post, stating that quant’s life is getting harder these days.

Back in the day, a quant in finance could devise a strategy, sit back and let the money roll in while lounging about in a silk robe with a fat cigar. Such are the halcyon dreams of the contemporary quantitative finance type who finds him/herself forced to grind continuously in front of a screen in search of illusory alpha while every man/woman with a piece of Python code does the same.

This wasn’t the exact complaint at today’s Quant Conference (held digitally this year), but it came close. Read more

A week later, they published another post. This time it told the story of a former hedge fund IT professional who is trying to commoditize the systematic trading software market.

Our mission is to commoditize high-performance systematic trading software,” says Bogdan Donca. “This software is built over and over by both the buy-side and the sell-side and it has a high degree of reuse. We’ve created an off-the-shelf product for systematic hedge funds.”

… He says software is a factor in alpha generation. “Your success as a systematic hedge fund is partly about how quickly you can iterate trading strategy ideas. There is no Holy Grail and there is no single strategy — it’s about iteration and deploying test strategies and this requires software engineering excellence.” Read more

The latter article implies that big hedge funds and investment banks still have an edge by using software and data, and that quant’s life is still easy.

Don’t you think that these 2 articles are contradictory?

So is quant’s life hard or easy?

Let us know your opinion.

Originally Published Here: Is Quant’s Life Hard or Easy?
Before I even read them, I *knew* what the responses would look like.
By: Tom Morrison
Tags: Democratic Leadership, Democrats, Progressive, Leftist

Before I even read them, I *knew* what the responses would look like. They don’t even recognize how trite & predictable they are.

One of the problems of the self-proclaimed “progressives” (let’s be real, folks - is repeating Red Diaper Baby programs from the 30’s progressive?) is that there is no room for nuance, and therefore, no chance of achieving any of their goals.

For example, I, too, believe the Leadership of the Democratic Party is ossified and sclerotic. I *don’t* believe the way to fix this is to brutally attack the woman who stood up to, and wrenched concessions from, the GOP throughout these last four horrible years. I will always defend Pelosi - the “antis” force me too. (I have always had problems with Schumer having no spine). A gentler approach might get other moderates to look to new leadership, while recognizing the accomplishments of the current leaders.

Secondly, notwithstanding AOC’s background, there’s a huge dollop of racism in their criticism. (One of these responses pejoratively blames the Congressional Black Caucus for the left’s failures.) Let’s see “progressive” legislation crafted to address structural racism from these folks, with CBC & CHC support and co-sponsors and I might take their posturing a little more seriously (also why I don’t toss Rep. Pressley into this bunch — she’s a workhorse, not a showhorse).

Above all else, I want to know what these people’s ongoing efforts to grow the Party are. What concrete steps are they pursuing in Georgia, for example? When they manage to turn a red state blue, or even a red Congressional District, then I’ll start to take their messaging and proposals seriously. If they can’t win on the ground, they have no business *demanding* others put their careers at risk to meet their purity tests. They like to claim “every candidate who embraced our programs won,” but leave out the part that they won in the bluest districts in America.

Now, before I get smacked by the usual (canned) broadsides, I’d like to point out how much I admire AOC. This woman taught the entire Party how to “clapback” effectively. She didn’t just hunker down — she fought back. We owe her for that. She should be leading seminars for incoming freshmen. But she’s certainly not ready to be given the keys to the kingdom. Her work with Markey was a start. Let’s see more of that.

In short, I fundamentally agree with your piece. If and when the bomb-throwers become effective *legislators* (you know, their job that we’re paying them for), they can earn their way into leadership. Respect can’t be demanded, it has to be earned. They’re not there yet.

P.S. Katie Porter, on the other hand… WOW!