Buying a home at an early stage of your life is one of the greatest achievements and investments.Buying a house is a necessity but you also must make a substantial financial commitment towards it.You have to part with a substantial amount of money in one go to meet the down payment of your chosen house.There’re many traditional ways of arranging funds for your down payment which are as follows:Borrow money from family and friends.Saving a fixed amount from your salary for some time.Liquidating your contingency funds like FD, mutual funds or even selling your property.Taking a loan against your propertyTaking a loan from the bank or any other lending institutions.Along with all the above-mentioned ways of raising the funds for the down payment, a novel and unique method have been introduced to the Indian populace recently.An enterprising fin-tech company named HomeCapital has introduced an interest-free Down Payment Assistance (DPA) Program for the first time home buyers.It is their conviction that everyone ought to get an opportunity to buy a home at an early stage of their life.They help the buyers meet their down payment needs for buying the house of their choice.HomeCapital has tie-ups with the best financial institutions and real estate groups in the country.It has pioneered the Down Payment Assistance Program through its technology platform and brings together financial institutions, developers and home buyers together to facilitate the home-buying procedure.
The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal banking regulations.The credit requirement of large and medium enterprises to generate working capital will contribute to the growth of the shadow financial system in EMEA.According to this market study, this region will account for almost 45% of the total market share.Additionally, the introduction of stricter regulations on traditional financial institutions is also expected to augment the demand for credit offerings from non-financial institutions.In 2018, the global Shadow Banking market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.Key Questions Addressed by the Report:What is the growth perspective of the Shadow Banking Market and the key dynamics and trends governing the market?What are key sustainability strategies adopted by the leading players in the Shadow Banking Market?What are the new and emerging technologies and use cases disrupting the Shadow Banking industry?What are the key applications where Shadow Banking plays a significant role?
Like alcohol in the days of prohibition, cannabis today is regulated under a complex mix of legal statuses, depending on location and jurisdiction, and is currently undergoing rapid shifts in public opinion.This is because despite the increasing cannabis legalization at the statewide and local levels, there is still a lower overall willingness among financial institutions to provide their full suite of banking services for dispensaries and other cannabis-related businesses.Steven Kemmerling is the Founder & CEO of CRB Monitor, a Chicago Founder Institute portfolio company leveraging big data for cannabis corporate intelligence, reducing risk and identifying opportunities across comprehensive cannabis markets.So in this new ‘green’ gold-rush of cannabis-related ventures rapidly laying roots in an already-blooming market, understanding the most up-to-date information is truly critical for safely and effectively navigating the legal and operational boundaries within cannabis law and business.A 2019 New York Times report (*paywall) lays out very plainly the reasoning for why a bank may have some legal concerns,Not only does selling marijuana violate federal law; handling the proceeds of any marijuana transaction is considered to be money laundering.
Flybits today announced that it’s raised $35 million in series C funding led by Point72 Ventures, with participation from Mastercard, Citi Ventures, and Reinventure, along with existing partners Portag3 Ventures, TD Bank, and Information Venture Partners.The fresh funding brings its total raised to $50 million, and it comes as Flybits notches 300% growth in 2019 and gears up to hire across sales, engineering, and business development teams and offices, including adding solutions engineers, sales executives, business development reps, and engineers.But Flybits leverages an unlimited amount to create far more personalized and relevant recommendations than ever before, all in an effort to help financial institutions deliver real time lifestyle banking that gets at their customers’ deeper needs.This new investment will only continue to fuel those efforts.”Flybits was founded in 2013 by Dr. Rahnama, a visiting professor of machine intelligence at the MIT Media Lab.His research in AI, mobile human-computer interaction, and data-driven services design informed the first and subsequent iterations of the company’s platform.
The UK government is seeking to crack down on the use of crypto assets for money laundering or other illicit activities.To do so, the government has published the Economic Crime Plan, agreed between the Chancellor Philip Hammond, Home Secretary Sajid Javid, and heads of law enforcement, major financial institutions and legal, accountancy and property organisations.The plan seeks to tackle the scourge of ‘dirty money’ in the UK by bringing together public and private sectors and establishing a better information sharing system.The Chancellor of the Exchequer, Philip Hammond, said:The UK has one of the toughest systems for combatting money laundering, but too many people are still falling victim to fraud.This crime fuels everything from drug dealing to modern slavery, fundamentally undermining people’s faith in our financial system and impacting economic growth.
(Reuters) — A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters.In a sign of widening scrutiny after Facebook’s proposed Libra digital coin aroused widespread objection, the bill proposes a fine of $1 million per day for violation of such rules.Such a sweeping proposal would likely spark opposition from Republican members of the house who are keen on innovation, and would likely struggle to gather enough votes to pass the lower chamber.Even if it were to pass the full house, it would still have to pass the senate which would also likely be an uphill struggle.Nevertheless, the draft proposal sends a strong message to large tech firms increasingly eyeing the financial services space.The draft legislation, “Keep Big Tech Out Of Finance Act”, describes a large technology firm as a company mainly offering an online platform service with at least $25 billion in annual revenue.
Pop-ups can be irritating, so knowing how to block pop-ups on your Mac can help streamline your web browsing experience.Blocking pop-ups on your Mac's Safari browsercan also help protect your computer by fending off phishing attempts or potential scams.Websites for financial institutions, universities, and e-commerce sites like Amazon, however, will often feature pop-ups as an integral part of their platforms, so you can allow pop-ups for individual sites.Visit Business Insider's homepage for more stories.Blocking pop-ups on your Mac's Safari browser can save you from unwanted advertisements, protect you from potential scams and phishing attempts, or just help to reduce distractions.However, many websites, like banks, colleges, and e-commerce sites like Amazon, use pop-ups as a central component of their platforms.
Despite fearing death, humans have always been weirdly obsessed with anticipating their final day on earth.Now in the digital age, this morbid fascination with predicting death has taken form in digital death clocks.Death countdown tools are often used as a joke, but some financial institutions, health organizations, and insurers are using its data as a life expectancy calculator.Now, there’s a death clock for the amount of time you’re wasting on social media.Last year, the average daily usage of social media worldwide was 2 hours 22 minutes, according to Statista.And that’s just a just a drop in the ocean compared to teens who spend an average of nine hours a day online.
NiYo Solutions, a Bangalore-based ‘neo-bank’ that helps salaried employees access company benefits and other financial services, has raised $35 million in a new round to expand its business in the nation and explore international markets for some of its products.The four-year-old startup, which serves small and medium businesses and other salaried employees across India, raised its Series B from Horizons Ventures, Tencent and existing investor JS Capital.It has raised $49.2 million to date, with its $13.2 million Series A closing in January last year.NiYO Solutions serves as a ‘neo-bank’ that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers additional features such as lending and insurance to customers.Blue collared salaried employees in India continue to struggle to avail many crucial financial services that have been typically reserved for privileged segment by the banks.With Bharat Payroll Solution and other products, NiYO is trying to drive financial inclusion in the country, it said.
Singapore-based fintech startup Asenso Tech raised US$1.2 million in funding from Philippine joint venture partners Talino Venture Labs, an enterprise venture accelerator, and microfinance institution Center for Agriculture and Rural Development Mutually Reinforcing Institutions (CARD MRI).The startup, which operates as an end-to-end microbusiness accelerator, expects to build an integrated platform to provide micro to medium-sized enterprises access to capital, supply chain, marketplace, and rewards systems, leveraging CARD MRI’s network of financial institutions.Asenso’s products currently incorporate an AI-powered credit scoring system, a data-driven online marketplace, chatbot-assisted loan applications, and e-wallets.“Our technology addresses the needs of the underserved,” said Winston Damarillo, co-founder of Asenso and CEO of Talino Venture Labs.“Asenso will amplify the work that CARD MRI has already done these past 30 years and will carry it to the future using technology to add greater sustainability and scale to their good work.”As of June 30, 2019, CARD MRI recorded over 6.36 million clients with loans and a US$514 million loan portfolio, according to a statement.
Global Shipping Supplies - Market Overview:In recent times, logistics and shipping industry have seen a tremendous growth and is expected to expand during the forecast period.Shipping supplies mainly contain packaging types such as envelopes, labels, protective packaging, wraps, tubes, tags, etc.Shipping supplies used for packaging protects the cargo from several elements such as accidents, heavy rain, excessive temperature, humidity, etc.Shipping supplies mainly focus on the packaging requirements of goods while they are being transit.Shipping supplies are mainly used for various end users such as financial institutions, hospitals, hotels, courier services, national retail companies, government organization, etc.Request to Sample of Report @ Shipping Supplies - Market Dynamics:Logistics and shipping industry have seen tremendous growth due to weakening of trade laws and also increase in import and export of countries across the world are driving the growth of shipping supplies market.In addition, the development of industries in several countries across the globe are indirectly increasing the consumption of shipping supplies for packaging.
Sales Performance Management Market Research Report Information, By Component [Solution (Incentive Compensation Management, Territory Management, Sales Planning & Monitoring, Sales Analytics), Services], Deployment Mode, Vertical – Global Forecast till 2023 Market SynopsisThe global sales performance management market is expected to grow at a CAGR of 16.6% during the forecast period and reach $9.34 billion by 2023The sales performance management assists the sales fuctionality of retail, banking and financial institutions, manufacturing, IT and telecommunication, and other industries.The users receive in-depth insights on sales lifecycle, go-to-market strategy planning with these solutions, and it also automates the sales incentives.The limited awareness of the sales performance management tools is proving to be a restraint for this market.The services segment is further divided into consulting, implementation, training and support, and managed services.By deployment mode, the global sales performance management is segmented into on-premises and cloud.By organization size, the global sales performance management is segmented into small and medium-sized enterprises (SMEs) and large enterprises.By vertical, the global sales performance management is segmented into telecommunication and IT; retail; healthcare and pharmaceutical; manufacturing; banking, financial services and insurance (BFSI); travel and hospitality; transportation and logistics; and others.By region, the global sales performance management market is segmented into North America, Europe, Asia-Pacific, and rest of the world.In terms of market size, Europe is expected to follow North America.Rest of the World region—Latin America along with Middle East & Africa are anticipated to offer numerous opportunities for the vendors as majority of the countries are yet to adopt sales performance management solutions.
The banking, financial services, and insurance (BFSI) industry vertical includes financial institutions such as commercial banks, insurance companies, and non-banking financial companies.Cutting-edge cybersecurity software solutions in BFSI are imperative in this vertical due to the highly sensitive financial data that these organizations deal with on a daily basis.Cybersecurity helps the BFSI vertical deal with different challenges, such as upholding stringent regulatory and security requirements while providing superior customer service.IBM is a provider of advanced and integrated cybersecurity solutions that help enterprises effectively defend against emerging threats and manage risks.This recognition is due to its high scores during expert evaluation, its mature and reputable cybersecurity solutions, and its strong business strategies.Recently, IBM renewed its agreement with Boursorama, a subsidiary of the Société Générale group.Boursorama has renewed its original 2014 agreement with IBM with an aim to reinforce its digital growth.The two organizations signed a hybrid cloud contract that is valid for another five years.According to the terms of this contract, IBM will help enrich Boursorama's product and service offerings.
“Modern attackers are risk-averse and profit-oriented.”PCM a California-based hardware and cloud services provider has confirmed that it was hacked.During the attack, threat actors accessed files belonging to the company’s clients that were held in the firm’s Office 365 file share database.Access to the company’s Office 365 network appears to be the source of the breach.The breach was first reported by cybersecurity researcher and reporter Brian Krebs who was informed by a security expert working for one of PCM’s clients that the attackers seemed to be looking for data that could be used to initiate a gift card fraud attack against PCM customers like retailers and financial institutionsIt is believed that the breach occurred during May of 2019.
Singapore is actively studying whether to allow companies with no banking parentage to set up virtual banks, paving the way for startups like on-demand services operator Grab to potentially enter the formal financial services industry.“Some other countries have created frameworks to license new players with no banking parentage to set up digital banks, that is banks without branches or ATMs,” Singapore Prime Minister Lee Hsien Loong said in a speech at the Smart Nation Summit in the city-state on Wednesday.“The Monetary Authority of Singapore is now actively studying whether to allow this in Singapore, and hopefully we’ll have something to announce soon,” said Lee, referring to the country’s financial industry regulator.Hong Kong in March handed out three virtual banking licenses in the city to allow financial institutions to operate branchless savings and lending businesses, as the financial services hub seeks to catch up with other Asian jurisdictions in disrupting traditional banking.In China, five of the country’s largest tech companies have already been operating virtual banks since 2014.Hong Kong’s first virtual banking licenses were issued to online lender WeLab and three separate ventures led by Standard Chartered Bank, Bank of China (Hong Kong), and ZhongAn Online.
She outlines four points to consider, including optimism that AI will enable financial institutions to broaden access to banking and credit to traditionally underserved communities.Whether it's using AI to help humans decide which emails should get routed to a spam filter, or recommending music or movies based on past preferences, to voice dictation on your smart phone, rarely a day goes by where data science isn't analyzing huge amounts of information to help humans make more informed decisions.On Wednesday of this week, the US House Financial Services Committee will hold a hearing on where we are and the next frontier on the uses of AI in the markets.Here are four key points to consider.The power of the human mind, assisted with the tool of machine learning, together can make decisions much more efficiently.AI is a tool for providing data to humans on both qualitative and quantitative inputs, allowing humans to make better informed trade decisions.
it has managed to garner the attention of many businesses around the world.In this blog, we will study the latest developments in blockchain in the financial sector.It is a private blockchain and it is working as the bank’s new brain.What is Quorum blockchain?Quorum blockchain is enterprised focused version of ethereum.which bolsters transaction and contract security.The primary features of Quorum are:Transaction and contract privacyMultiple voting-based consensus mechanismsNetwork/Peer permissions managementHigher performanceTransaction and contract privacyOne of the characteristics that banks look at is the confidentiality of data.Since the key aspect of Blockchain is visibility and ease of accessibility is onethe banking and financial institutions restrain from using this technology.When it comes to Quorum, then it makes favourable concept.
MX, a Utah-based software firm developing a suite of aggregation and analysis tools for financial institutions, today revealed that it’s secured $100 million in series B financing, bringing the firm’s total raised to $175 million following a $75 million series C round last year.Battery Ventures led the round, which saw participation from a raft of new investors H.I.G.Capital, Point72 Ventures, Sorenson Capital, Pelion Venture Partners, and Cross Creek Capital; existing investors Industry Ventures, Digital Garage, TTV Capital, and Commerce Ventures; and customers National Bank of Canada and Washington Federal.CEO Ryan Caldwell tells VentureBeat that user growth rose 10% in the past two years and that MX is both cash-flow positive and profitable.“MX has been growing rapidly while operating profitably the past two years.We are at an inflection point and this funding will help fuel our growth exponentially,” said Caldwell, a former enterprise risk services analyst in Deloitte’s security services group who founded MX in 2011 with Brandon Dewitt.
The government of India under PM Modi has delivered 6.7 lakh LPG connections under Ujjwala Yojana reducing the indoor pollution in the homes of Haryana.To provide a roof to homeless , about 2.76 lakh houses have been sanctioned under PM Awas Yojana only in Haryana.Nearly 69 lakh people got access to the bank accounts under the Pradhan Mantri Jan Dhan Yojana, thus empowering them to utilise the formal sector financial institutions.It’s an integral part of the AIIMS, Delhi, and is being developed as AIIMS’s second campus.To promote medical education in the state, 5 new medical colleges have been approved by the incumbent government of India.Even at the primary level, the Manohar Lal Khattar government is heading a big rural education reform program called ‘Saksham Ghoshna’.
The aim of this report Big Data IT Spending in Financial Sector Market, This report provides over view of definition, application and manufacturing technology.The report show the statistical analysis by is cost, capacity, production, production value etc.Financial institutions have started analyzing big data to support critical business activities including anti-money laundering, risk management, trade surveillance, regulatory compliance, and improving customer experience.This increasing importance of risk management is also driving the growth of this market.In 2018, the global Big Data IT Spending in Financial Sector market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at report focuses on the global Big Data IT Spending in Financial Sector status, future forecast, growth opportunity, key market and key players.The study objectives are to present the Big Data IT Spending in Financial Sector development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.The key players covered in this studyAlteryxCapgeminiIBMOracleSAPSAS InstituteAtosTo know more playersMarket segment by Type, the product can be split intoHardwareSoftwareIT ServicesMarket segment by Application, split intoInvestment FundsBanksReal EstateInsurance CompaniesMarket segment by Regions/Countries, this report coversNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Big Data IT Spending in Financial Sector status, future forecast, growth opportunity, key market and key players.To present the Big Data IT Spending in Financial Sector development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Big Data IT Spending in Financial Sector?