Banking & Savings

21 September 2017 » Banking Technology

Following swiftly on from the fintech funding round-up on 19 September, here’s more concise, cash-coated action. Features CivilisedBank, HighRadius, Swirlds and Luno. UK challenger CivilisedBank, which got its banking licence in May, has agreed terms for a further round of funding from current investor Warwick Capital Partners. No more details on that but the bank says it has also appointed ...

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Tk1,138 crore in Bangladeshi students’ bank accounts

In the seven years since it was introduced, the school banking programme has grown to an enormous size. As of March this year, over 1.3 million accounts were opened with an average of about Tk8,300 deposit. Bangladesh Bank launched the programme in November 2010, asking all banks to let students open accounts at all their branches. The aim of the ...

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Ewing elected chairman of Indiana Bankers Association

Clay W. Ewing accepted the Indiana Bankers Association leadership gavel for 2018 from Annette M. Russell, Security Federal Savings Bank, Logansport, at the 2017 IBA Annual Convention. (Photo provided) From Local Sources Clay W. Ewing — German American Bancorp’s president, chief banking officer and secretary to the company’s board of directors — has been elected chairman of the Indiana Bankers Association’s ...

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Analyzing Sterling Bancorp (NYSE:STL) & Sterling Financial (STSA)

Sterling Financial (NASDAQ: STSA) and Sterling Bancorp (NYSE:STL) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, dividends, valuation, analyst recommendations, institutional ownership, profitability and earnings. Analyst Ratings This is a breakdown of current recommendations for Sterling Financial and Sterling Bancorp, as provided by MarketBeat. Sell ...

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Federal Reserve Urges Bankers to Move Quickly Implementing Credit Loss Standard

Federal Reserve Urges Bankers to Move Quickly Implementing Credit Loss Standard Joanne Wakim, the Federal Reserve’s chief accountant, urged banks to not waste time implementing FASB’s new credit loss standard. The standard goes into effect in 2020, but banking supervisors want financial institutions to be fully prepared ahead of time so they will not have to rush their implementation. “Banks ...

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Tax on income from bank savings proposed – http://en.vietnamplus.vn/ (press release)

http://en.vietnamplus.vn/ (press release) Tax on income from bank savings proposedhttp://en.vietnamplus.vn/ (press release)This is not the first time that a tax on interest from savings deposited in banks has been proposed. In 2013, HCM City Real Estate Association also issued a proposal to impose an income tax on deposits of over 500 million VND to encourage the cash flow … and ...

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Raisin buys UK’s financial technology specialist PBF Solutions

BBR Staff Writer Published 21 September 2017 Germany-based Raisin has acquired UK-based financial technology specialist PBF Solutions, in a bid to provide end-to-end deposit raising solutions for banks and other providers in the country. Established in 2013, PBF Solutions supports financial services product providers to acquire and on-board new customers and raise savings and investment deposits. The company’s clients comprised ...

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Rates on Savings Deposits Fall? Choose Company FD for Better Return

Investments can play a vital part in shaping the future of a person, but it is important that you consider the investment and returns security before investing. Amateur investors consider fixed deposits as one of the best investment sources for secure returns, whereas with the reduction of interest rates on FDs for the banks, it is recommended that you consider ...

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Tax on income from bank savings proposed – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned. At a meeting held last week to discuss tax laws, lawyer Trương Thanh Đức from Basico Law Firm noted that all the savings in ...

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Budget, Save, Even Win Money With Today’s Prepaid Debit Cards

Back in 1999, entrepreneur Steve Streit created the first retailer-sold prepaid debit card, eventually known as Green Dot, as a way for teens to buy things online. Prepaid cards have evolved, and today they go beyond helping people spend to assisting them in doing the opposite: budgeting and saving money. With customized budgeting features or creative incentives to save more ...

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