Financial security

Abilene man made Forbes list of top financial security professionals in the state of Texas

ABILENE, Texas (KTAB/KRBC) ― Shane Robertson of Abilene, of MassMutual, has been named one of the best in the state of Texas in Forbes’ list of top financial security professionals. (Courtesy of Danielle Robertson) Image of Shane Robertson, named 48th on Forbes’ list of top financial security professionals, shared August 2022 William “Shane” Robertson was […]

Financial literacy

UCCS works to prevent large student loans by teaching financial literacy

COLORADO SPRINGS — A local university’s financial aid office is working to avoid large student loans by teaching students about financial literacy. During the first few weeks of school at UCCS, financial aid counselors take classes with freshmen and freshmen. They give presentations on financial literacy and how to be a responsible borrower. Nearly 10,000 […]

Financial institutions

Financial Institutions, Inc. (NASDAQ:FISI) Declares Quarterly Dividend of $0.29

Financial Institutions, Inc. (NASDAQ:FISI – Get Rating) announced a quarterly dividend on Monday, August 22, Zacks reports. Shareholders of record on Friday, September 16 will receive a dividend of 0.29 per share from the bank on Monday, October 3. This represents an annualized dividend of $1.16 and a yield of 4.30%. The ex-dividend date is […]

Financial institutions

CBUAE urges Islamic financial institutions to appoint Emiratis to internal Sharia oversight committees

ABU DHABI: The Supreme Shariah Authority (HSA) of the Central Bank of the United Arab Emirates (CBUAE) has announced the issuance of a resolution encouraging Islamic Financial Institutions (IFIs) to nominate UAE nationals as members trainees in the internal supervision of Sharia Committees to train them in the fatwa of Islamic finance. The resolution is […]

Financial institutions

UAE central bank urges Islamic financial institutions to appoint Emiratis as interns

ABU DHABI: In line with the leadership’s vision and CBUAE’s commitment to implement the strategy of Emiratisation in the financial sector, the CBUAE Supreme Shariah Authority (“HSA”) has issued a resolution encouraging Islamic Financial Institutions (“IFIs”) to appoint UAE nationals as trainee members of Internal Shariah Supervisory Committees to train them in the Fatwa of […]

Financial institutions

Tokio Marine HCC Joins AfDB to Increase Lending Capacity to Financial Institutions in Asia Pacific – InsuranceNewsNet

HOUSTON, August 23, 2022 (GLOBE NEWSWIRE) — Tokio Marine HCC (TMHCC)whose head office is at Houston, TXannounced today that it and Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) have partnered with Asian Development Bank (ADB), along with four other global insurance companies, to participate in ADB’s new credit insurance master program, covering loans […]

Financial literacy

Ron Harris, CEO of Financial Literacy Group, talks about hybrid mortgage arbitrage, at the Los Angeles Small Business Expo, September 8, 2022

Mortgage financial Through our research, we found that a similar solution under current tax law would work for individuals, families, business owners, and non-profit organizations. Due to the IRS code change via the Cares Act 2020, we were able to design a consumer version of BOLI LOS ANGELES (PRWEB) August 23, 2022 Hybrid Mortgage […]

Financial institutions

Volante Technologies Research Reveals Financial Institutions in the Middle East and Africa Have Ambitious Payments Modernization Plans

The region is poised to invest more in payments modernization over the next two years than any other geography DUBAIWATER, August 23, 2022 /PRNewswire/ — Volanté Technologiesthe global leader in cloud-based payments and financial messaging, today announced that, according to new original research, banks and fintech companies across the Middle East and Africa (MEA) are […]

Financial literacy

Saudi students will learn financial literacy in the next academic year

RIYADH: When Donya Modir was growing up, she harbored an appetite and a curiosity for food. This interest grew until she graduated from the Academy of Culinary Arts in Switzerland and was chosen as one of the ambassadors of the Kingdom’s Ministry of Tourism. “Cooking was my hobby and I used to cook for my […]

Financial institutions

Financial Institutions, Inc. appoints Bruce W. Harting to

WARSAW, NY, Aug. 22, 2022 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the “Company” or “we”), parent company of Five Star Bank (the “Bank”), SDN Insurance Agency , LLC, Courier Capital, LLC and HNP Capital, LLC, today announced the appointment of Bruce W. Harting as a new independent member of its Board of Directors, […]

Financial institutions

Financial Institutions, Inc. Appoints Bruce W. Harting to Board of Directors

Financial services veteran brings deep business development and finance experience to growing community bank and its subsidiaries Bruce W. Harting Financial Institutions, Inc. has appointed Bruce W. Harting to its board of directors. WARSAW, NY, Aug. 22, 2022 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the “Company” or “we”), parent company of Five Star […]

Financial literacy

Financial Literacy – Are We Passing the Test?

The Covid pandemic has hit us all very hard during the months of April and May 2021. On the one hand the medical system has been overwhelmed by the number of seriously ill Covid patients, on the other hand the disease has progressed in several patients who needed it. be admitted to intensive care units. […]

Financial literacy

Feeding the need for financial literacy

The demand for financial literacy education among high school students has increased in recent years. With the ease of access to bank accounts and credit cards and the fear of abuse, mishandling or scams, financial literacy has become a need for teenagers as they turn into adults. Only eight states have statewide requirements to pass […]

Financial literacy

Financial Literacy: Get on the Right Path to a Secure Retirement |

Lisa M. Leonard Tribune Correspondent Brianna Henderson discovered her interest in finance while still in high school. “I loved accounting,” she says, “but I also wish I had learned more about credit cards and compound interest when they’re not paid off. Henderson, a purchasing coordinator for Royal Canin in Fremont, said she would have appreciated […]

Financial institutions

TAHDCO Veranda Learning Signs Memorandum of Understanding to Train Students on Banking Financial Institutions

Chennai, Aug 20 (PTI) The Tamil Nadu Adi Dravidar Housing and Development Corporation (TAHDCO) has signed a Memorandum of Understanding (MoU) with Veranda Learning Solutions Ltd to train students from backward communities in banking and financial institutions free of charge, has said the company Saturday.The 8-week program, offered as part of the Veranda RACE, is […]

Financial institutions

TAHDCO and Veranda Learning sign memorandum of understanding to train students on banks and financial institutions : Newsdrum

Chennai, Aug 20 (PTI) The Tamil Nadu Adi Dravidar Housing and Development Corporation (TAHDCO) has signed a Memorandum of Understanding (MoU) with Veranda Learning Solutions Ltd to train students from backward communities in banking and financial institutions free of charge, has said the company Saturday. The 8-week program, offered as part of the Veranda RACE, […]

Financial institutions

Ruvuma RC calls on financial institutions to hold teachers accountable

RC Thomas said so yesterday during the launch of the Teachers’ Symposium in Songea Municipality and Madaba Council. The symposium was attended by Songea District Commissioner, Pololot Mgema, and NMB Bank Manager in the Southern Zone, Janeth Shango. Colonel Thomas instructed banks to provide financial education to more people, especially in rural areas. “Now is […]

Financial literacy

Cambodia takes steps to include financial literacy in school curricula

The classes, which will be added to Years 1-12, aim to improve students’ understanding of how to manage their money from an early age. Mok Sarom, deputy director of the ministry’s general directorate of education, is in charge of rolling out the new curriculum. He observed trial teaching of the subject in Siem Reap, noting […]

Financial security

Women’s financial security is still under control

By Marcia Mantell, RMA Americans pride themselves on being a democracy and a nation of laws, not men, kings or tsars. And, in general, our laws constitute the strongest democracy in the world. Marcia Mantel However, not all laws protect and serve all citizens equally. Even today, unfavorable laws knowingly place women on an unequal […]

Financial literacy

Tips for teaching kids financial literacy at home – WSOC TV

CHARLOTTE — As kids head back to class, some schools are now teaching students how to be smart with their money and personal information, but even if your kids are getting that education in the classroom, Action 9’s Jason Stoogenke suggests expanding those lessons to residence. Jeanette Casat says her grandchildren may be young, but […]

Financial literacy

DBN Orients Financial Literacy to Empower Entrepreneurs in //Kharas

It is worrying that loans worth more than N$1 billion have been issued over the past 17 years to applicants residing in the llKharas region. This concern was expressed by the Executive of the Development Bank of Namibia: Marketing and Corporate Communications, Jerome Mutumba, during an interview with entrepreneurs in Keetmanshoop last week. He was […]

Financial institutions

New CBUAE Guidelines for Licensed Financial Institutions – Money Laundering and More Latest News Here

August 18, 2022 BSA Ahmad Bin Hezeem & Associates LLP To print this article, all you need to do is be registered or log in to Mondaq.com. Over the past two years, the Central Bank of the United Arab Emirates(“CBUAE“) is actively working onissue updated circulars to address growing concerns andchallenges related to money laundering, […]

Financial institutions

AfDB partners with global insurers to support lending capacity of financial institutions

The Asian Development Bank (AfDB) has signed an agreement with 5 major global insurers that will mobilize up to $1 billion in co-financing capacity to support lending to financial institutions in Asia and the Pacific. The Master Framework Program for Financial Institutions will enable the AfDB to increase its lending to commercial banks and […]

Financial literacy

Editorial: ITT Tech Loans Show Need for Financial Education Before College

If you attended ITT Technical Institute at any time between 2005 and its closure in 2016 and got federal student loans to pay for it, you might be breathing easier. The Department of Education announced on Tuesday that about 208,000 borrowers with a total debt of $3.9 billion would have their debt forgiven due to […]

Financial institutions

A cautionary case about the use of disclosure models by financial institutions

“A good role model is a guide, not a gospel. It must be relevant to the facts. That’s what should have happened here. – Hon. Stephanos Bibas The district court for the District of Delaware issued an opinion reprimanding a Delaware credit union for failing to ensure that a disclosure template accurately described its policies. […]

Financial literacy

OJ Oleka discusses the importance of leading with purpose, helping financial literacy in schools

OJ Oleka | Photo by Josh Kelly Dr. OJ Oleka, president of the Association of Independent Colleges and Universities of Kentucky, wants to end generational poverty across the country and has started taking action to help educate Commonwealth children. During his time as Chief of Staff and Deputy State Treasurer, Oleka found that if children […]

Financial literacy

Former Notre Dame Football Player Shawn Wooden Talks Financial Literacy

I love sharing the incredible ways the men who played football at Notre Dame give back to their communities every day. Shawn Wooden is a shining example, for sure, of a Notre Dame man making a difference in his community and our country at large. Shawn Wooden, Associate Partner and Financial Advisor, has joined 100 […]

Financial institutions

State Banking Supervisors Clarify Cybersecurity Expectations for Nonbank Financial Institutions | Davis Wright Tremaine LLP

Entities that offer business and consumer financial services but do not hold deposits for their customers now have clear guidance on what they must do to protect customers on their networks from cyberattacks and cybersecurity incidents. Advice comes in the form of documents that state banking regulators use to conduct cybersecurity reviews of non-bank financial […]

Financial literacy

EdTech Startup Money Vehicle Financial Literacy Course Launches in Ohio Schools

The MV platform is available nationwide as financial literacy instruction mandates spread. CINCINNATI, August 17, 2022 /PRNewswire/ — silver vehiclea leading educational technology (EdTech) company dedicated to bridging the financial literacy gap in the United States, announces the launch of its Virtual Financial Literacy Course in Ohio. Governor Mike DeWine signed into law new financial […]

Financial institutions

NTPC asks RPFs of financial institutions to raise ₹5,000 crore term loan

India’s largest energy conglomerate, National Thermal Power Corporation Private Limited (NTPC) has launched a call for proposals from banks and financial institutions to raise ₹5,000 crore through a term loan by on August 31, 2022. In its tender, the company has highlighted capital expenditure for all ongoing projects – recovery projects, renewable energy projects, coal […]

Financial institutions

Michael Dolaher joins Security Benefit as Director of Financial Institutions

TOPEKA, Kan.–(BUSINESS WIRE)–Security Benefit, a leading provider of retirement planning products and solutions, today announced the arrival of Michael Dolaher as Director, Financial Institutions. Dolaher will oversee relationships with banks and financial institutions and help develop new businesses. He will report directly to Mike Maghini, Vice President, National Accounts Manager. “Michael has the right mix […]

Financial literacy

Launch of Financial Literacy Campaign on Virtual Assets and Initial Token Offering Services Act of 2021 – FinTech

August 17, 2022 AXIS Fiduciary Ltd To print this article, all you need to do is be registered or log in to Mondaq.com. As part of its continued objective to strengthen Mauritius’ position as a FinTech hub, the Financial Services Commission, Mauritius (“FSC”), in collaboration with the Ministry of Financial Services and Good Governance, has […]

Financial institutions

Financial institutions struggle to see through fog of Russian sanctions: Podcast

In the latest podcast from the Thomson Reuters Institute, we talk to the authors of a recent white paper exploring the challenges facing global financial institutions as they attempt to comply with Western sanctions imposed on Russia. In the months following Russia’s invasion of Ukraine, many global banks and corporations faced major headaches in complying […]

Financial literacy

Zogo Finance and MoneyLion forge partnership to drive financial literacy

MoneyLion and Zogo Finance announced a new collaboration to bring financial literacy tools to more than three million MoneyLion users. MoneyLion will integrate Zogo’s financial education modules into the Today Feed content section of the MoneyLion app. Zogo Finance won the Best of Show award when it debuted with Finovate at FinovateFall 2019 in New […]

Financial institutions

The CFPB meets the expectations of financial institutions in terms of data security | Wiley Kidney LLP

On August 11, 2022, the Consumer Financial Protection Bureau (CFPB) issued a circular stating that the inability of financial institutions, including non-banking financial firms such as fintech companies and credit reporting agencies, to adequately protect the personal data of their customers, may violate the Consumer Financial Protection Act (CFPA). The CFPA prohibits unfair, deceptive, and […]

Financial security

Ron Wheeler named CEO of First Financial Security, Inc.

JOHNS CREEK, Ga., August 16, 2022 /PRNewswire/ — First Financial Security, Inc. today announced that Ron Wheeler was appointed CEO of the company. An industry expert, Wheeler has more than 40 years of financial services experience, many of which have been in senior management roles. Former CEO Phil Gerlicher will remain with the company in […]

Financial security

Gigacover partners with EXOASIA Innovation Hub to champion financial security for Filipino freelancers and entrepreneurs

gigacoveragea Singapore-based insurtech company, recently partnered with EXOASIA innovation centera global management consulting firm, to provide 360° digital insurance protection to Filipino freelancers, start-ups and micro, small and medium enterprises. The Philippine Statistical Authority reported that micro, small and medium enterprises represent 99.5% companies in the country. In recent years, the gig economy and startup […]

Financial institutions

Bank Of Industry Raises Over $5 Billion From International Financial Institutions For MSME Lending – The Whistler Newspaper

The Bank of Industry has announced the conclusion of a €1 billion senior secured loan facility to further strengthen its ability to deliver on its mandate, in line with President Muhammadu Buhari’s economic diversification agenda. This is the fifth time that BOI has successfully raised funds in international markets since 2018. With the completion of […]

Financial literacy

LearnApp plans to implement a financial literacy program in 75 schools

A financial education platform, LearnApp.com has launched an initiative named #IndiaLetsTalkMoney with the aim of implementing a financial education program in over 75 schools nationwide. The initiative was launched to commemorate India’s 75th Independence Day. “This is an important initiative because we wish someone had done this for us when we were kids,” said Prateek […]

Financial literacy

MoneyLion, Zogo Partner on Financial Literacy

Digital financial services platform SilverLion partnered with a financial education company Zogo to provide financial education to more than 3 million MoneyLion customers. “The partnership delivers an essential blend of holistic and technological innovation that for many years has been overlooked by the banking and education sectors,” the companies said in a statement. Press release […]

Financial security

Forbes List of “Top Financial Security Professionals in the State” Recognizes 26 Northwest Chicago-area Mutual Advisors

Northwestern Mutual today announced the Chicago-area advisors who have been named to Forbes’ 2022 list of “Best-In-State Financial Security Professionals.” With more than 270 recognized Northwestern Mutual advisors in total, 26 of them are in the greater Chicago area, two of which rank in the Top 100. The Forbes list recognizes the nation’s top performing […]

Financial literacy

Essay on Integrating Financial Literacy into the Curriculum

Muk Neak Primary School in Siem Reap province began piloting the subject of financial literacy on August 12. MOEYS The Ministry of Education, Youth and Sports will introduce a pilot program that adds financial literacy to the curricula of target schools in Kampong Cham, Kampot and Siem Reap provinces. The classes, which will be added […]

Financial plan

Registration Prepares for IARFC National Financial Plan Competition

The competition challenges students to crunch the numbers and create a financial plan just like we do in the real world…Bradley K. Maples Sr, MRFC®, Chapter Board Chair American IARFC MIDDLETOWN, Ohio (PRWEB) August 15, 2022 For each competition, the narrative consists of numbers and family stories that will be interpreted by students into […]

Financial literacy

Bank partners with tech company to teach financial literacy in the city | New

First United Bank seeks to help families improve their fortunes in life through financial education in Guadalupe County and 10 other Texas counties. The bank provides financial literacy training to more than 5,820 students and residents across 11 counties with the help of Banzai, an online program and content library for users to learn how […]

Financial institutions

Most financial institutions plan to use crypto within three years

A report from Ripple suggests that most financial institutions plan to start using crypto within the next three years. Despite the bear market, financial institutions remain interested in the cryptocurrency space. Just this week, $10 trillion asset manager BlackRock launched a one-off bitcoin trust while claiming it was also exploring “authorized blockchains, stablecoins, crypto-assets and […]

Financial security

This could be the biggest threat to the financial security of retirees | Smart Change: Personal Finances

(Maurie Backman) The stock market has been extremely volatile this year, which may worry some retirees about their long-term financial prospects. Admittedly, seniors are often advised to maintain a more conservative investment mix than in their youth. But even so, a prolonged period of market turbulence could jeopardize the nest egg of seniors. While poor […]

Financial security

This could be the biggest threat to retirees’ financial security

The stock market has been extremely volatile this year, which may worry some retirees about their long-term financial prospects. Admittedly, seniors are often advised to maintain a more conservative investment mix than in their youth. But even so, a prolonged period of market turbulence could jeopardize the nest egg of seniors. While poor stock market […]

Financial institutions

Top 10 takeaways for businesses and financial institutions about t

After a marathon weekend of “vote-a-rama,” the US Senate voted 50 to 51 to approve a monumental bill: the Inflation Reduction Act, IRA. Although the bill does not yet have the force of law, it is likely to be approved by the House and signed by the President in the coming weeks. When it becomes […]

Financial literacy

Financial literacy goals: These high school students aim to teach their peers better financial habits

Zarina Lukash / iStock.com A child’s brain is like a sponge that absorbs information, which makes childhood a good enough time to learn about many topics, including money. This is especially important since teaching them good financial habits early can help them succeed as they grow up. Compare: What to teach your kids about money […]

Financial literacy

The high cost of financial literacy

Keeping in mind the importance of financial literacy in daily life, the State Bank of Pakistan launched Pakistan’s first-ever National Financial Literacy Program (NFLP) in 2017-2018. The main objectives of the program are to impart knowledge and develop skills to manage financial matters. The program was implemented in collaboration with the Asian Development Bank – […]

Financial institutions

IFC invests $45 million in two financial institutions in Nepal

The International Finance Corporation, the private sector arm of the World Bank Group, announced an investment of $45 million in small businesses and people in Nepal to provide them with better access to finance. The investment is part of IFC’s broader strategy for small and medium enterprises (SMEs) to reach more than 30,000 SMEs by […]

Financial literacy

Locals undergo financial literacy training

USAID is supporting 477 individuals to graduate from financial literacy training in Lae, Morobe Province, with a majority of 415 (87%) of the total number of graduates being all women. This is part of USAID’s commitment through the PNG Lukautim Graun Program (LGP) and its partnership with the Center of Excellence for Financial Inclusion (CEFI), […]

Financial literacy

Money Vehicle Financial Literacy Course Meets Florida State High School Standards

Available for Florida schools, because the teaching of financial literacy is mandatory in Florida. MIAMI, August 10, 2022 /PRNewswire/ — silver vehiclea leading virtual education company dedicated to closing the financial literacy gap in the United States, announces that its virtual financial literacy course adheres to new standards adopted by the State of Florida. Governor […]

Financial institutions

Planning for a Remediation: Proactive Considerations for Financial Institutions | Epic

Financial institutions are more regularly confronted with voluntary remedial action and public consent order activity due to increased scrutiny by regulators and changing internal policies. These events can be complex and time consuming when not prepared. In the age of efficiency, this is just another area to invest time in to create flexible strategies. Being […]

Financial institutions

Enable financial institutions to embrace digital innovation at remarkable speed and scale

Finding niches, discovering new revenue streams and driving the art of the possible across the entire digital banking value chain MIAMI, August 10, 2022 /PRNewswire/ — Technisysthe company behind Cyberbank, the next-generation cloud-native digital banking platform, continues to redefine the digital transformation journey and customer experience for financial institutions (FIs) with its latest version of […]

Financial literacy

Carbon Collective Launches Sustainable Investing Initiative for Financial Literacy

BERKELEY, Calif.–(BUSINESS WIRE)–Carbon Collectivean online investment advisor focused on climate change, today announced the launch of its Sustainable Investing Financial Literacy Initiative, learn to win. After reading Carbon Collective’s free six-chapter e-book, The ultimate guide at Sustainable investment and by taking an online quiz that tests the reader’s knowledge of the book’s topics, Carbon Collective […]

Financial literacy

Mr. Bhavani Prasad Deshmukh of Fidelity Investments India talks about financial literacy in the country

Mr. BhavaniPrasad Deshmukh of Fidelity Investments India speaks about financial literacy in the country – The CSR Journal Financial literacy is essential to an individual’s personal growth and development. A financially conscious individual is an asset to an economy as an investor, borrower, lender or […]

Financial institutions

Money laundering and how it is fought by financial institutions

Money laundering is the act of concealing large amounts of money to be used for illicit purposes, such as drug trafficking, illegal wildlife trade or terrorist activities. While most people know that money launderers also use the banking system to carry out their criminal misdeeds, few have any idea how exactly they do it – […]

Financial security

This Rakha Bandhan, give your sister financial security: here are some tips

What is the greatest gift a brother can give his sister on Raksha Bandhan? In our opinion, it is financial freedom. To help you decide, Business Standard has selected a few financial products you can give your sister this year: Health insurance planYou can buy your sister a […]

Financial plan

Positioning life insurance in a holistic financial plan

We like to pretend we’re going to live forever. Most of us would rather do just about anything than think deeply about our own death. This is why it is particularly difficult to position life insurance with customers. Nobody wants to think about their own mortality. But the reality is that we all die at […]

Financial literacy

Experts stress the importance of financial literacy courses for students

TAMPA, Fla. — Experts want students to start thinking about financial literacy courses. “Financial literacy is having the skills to make smart decisions with your money,” says personal finance expert and Ramsey personality Kristina Ellis. Florida students will soon be required to take a financial literacy course. The state passed a law earlier this year […]

Financial plan

How real estate can boost a small business owner’s financial plan

Small business owners should view any real estate owned by their business as integral to the success of their personal financial plan. Real estate owned by a business can offer unique tax advantages and provide a hedge against inflation. These benefits are different during the working years and the retirement years. They should be considered […]

Financial literacy

NAU Hosts Financial Literacy Boot Camp for High School Students | Education

Last week, rising seniors from Flagstaff high schools spent time developing their financial literacy skills at a boot camp hosted by Northern Arizona University’s WA Franke College of Business. Last Thursday morning, about 25 students gathered for the first day of camp. The warm-up activity started with a series of questions. Would you rather save […]

Financial literacy

Teach Your Kids: Teens Need to Master Financial Literacy

“Teach Your Children,” Crosby, Stills Nash and Young sang in 1969. The title resonates 50 years later when it comes to financial literacy. A new report says America’s teens are sold on the American Dream – but they seem to have no idea how to pay for it. A Startup Survey/Fannie Mae shows that the […]

Financial institutions

Royce & Associates LP owns $2.29 million in shares of Financial Institutions, Inc. (NASDAQ: FISI)

Royce & Associates LP cut its stake in shares of Financial Institutions, Inc. (NASDAQ: FISI – Get Rating) by 16.6% in the first quarter, according to the company in its latest SEC filing. The fund held 75,893 shares of the bank after selling 15,089 shares during the quarter. Royce & Associates LP owned approximately 0.49% […]

Financial literacy

How an Iowa organization is working to improve financial literacy

TREYNOR, Iowa. (KMTV) – With rising costs for utilities and food, more Americans are struggling with credit card debt. It rose 13%, the biggest jump in more than 20 years. What are the best ways to manage our money? Kyle Osborne is Director of Financial Literacy at TS Institute. Like most Americans, he once lived […]

Financial security

Retirees can focus on the wrong risks to their financial security

Sporrer/Rupp | Source of images | Getty Images Market declines could fuel retirees’ fears of not having enough assets to live on. But it turns out that might not be the biggest financial risk they should watch out for in retirement. Instead, longevity – potential retirees may live longer than expected and run out of […]

Financial institutions

Amid Staffing Issues – Financial Institutions Must Automate to Innovate

More than 47 million workers quit their jobs last year amid the big quit, with many seeking roles that match new employee expectations. The ongoing labor crisis is hitting financial institutions particularly hard — 4 out of 5 financial institutions are worried about staffing shortages, according to the financial brand. Financial institutions that find themselves […]

Financial literacy

Teaching financial literacy in high school (opinion)

Earlier this summer, as the annual budget made daily headlines, a remarkable bill was passed by the Senate Education Committee in late June. Senate Bill 1243, of which I am the lead sponsor, would require completion of a full-credit economics and personal finance course as a condition of graduating from high school in Pennsylvania. The […]

Financial security

Giving up personal security to take care of the financial security of others

In the perspective of the first RIA Intel Awards in SeptemberRIA Intel will post Q&As and other short articles highlighting this year’s accomplishments nominees and rising stars. When Jacky Petite-Homme left his stable career at Merrill Lynch in 2021, he wasn’t sure his new Philadelphia-based wealth management firm – Liberty One Wealth Advisors – had […]

Financial literacy

Matrixport Partners with Esports Team RSG to Boost Financial Literacy for Players in Malaysia

The “Digital Assets Academy” program encourages digital natives esports players to take ownership of their personal financial journey SINGAPORE, August 4, 2022 /PRNewswire/ — Matrixport, one of the world’s largest digital asset financial services ecosystems, and Southeast Asia’s leading esports company, RSG, today announced a joint initiative to prepare the esports gaming community for a […]

Financial institutions

Tips to Help Financial Institutions and Ease Recovery in Areas of Kentucky Affected by Severe Storms, Flooding, Landslides and Mudslides

The FDIC announced a series of measures intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, flooding, landslides and mudslides. Statement of applicability: The content and material referenced in this IDF apply to all financial institutions supervised by the FDIC. August 3, 2022 | IDF-38-2022 […]

Financial literacy

St. John Bosco High School will begin requiring a financial literacy course

Tool for the future added as an additional requirement BELLFLOWER, CA, USA, Aug 2, 2022 /EINPresswire.com/ — St. John Bosco High School (SJB) will become one of the first high schools in the nation to require its students to take a financial literacy course as a prerequisite for graduation. Previously offered only as an elective […]

Financial literacy

Teenagers are closing the gap in financial literacy – The New Indian Express

Express press service CHENNAI: Teenagers these days are exposed to a range of information in arts, science, technology and other fields, but there is little when it comes to financial literacy. Taking it upon themselves to solve the problem, Arnav Bajaj and Aryan Chaudry founded Finance4teens, an organization dedicated to developing financial literacy. It all […]

Financial security

Forbes’ 2022 “Top Financial Security Professionals in the State” List Recognizes Nine Northwest Dallas-Area Mutual Advisors

DALLAS, August 2, 2022 /PRNewswire/ — Northwestern Mutual today announced the dallas-territorial councilors appointed to the Forbes 2022 List of “Top Financial Security Professionals in the State”. With more than 270 recognized Northwestern Mutual advisors in total, nine of them are in the great dallas area, with Keith Wagner first in the Top 100. The […]

Financial security

2022 Forbes List of “Top Financial Security Professionals in the State” Recognizes 26 Northwest Chicago-area Mutual Advisors

CHICAGO, August 2, 2022 /PRNewswire/ — Northwestern Mutual today announced the Chicago-territorial councilors appointed to the Forbes 2022 List of “Top Financial Security Professionals in the State”. With more than 270 recognized Northwestern Mutual advisors in total, 26 of them are in the great Chicago domain, with two rankings in the Top 100. The Forbes […]

Financial security

2022 Forbes List of “Top Financial Security Professionals in the State” Recognizes Four Northwest Raleigh-Area Mutual Advisors

RALEIGH, North Carolina, August 2, 2022 /PRNewswire/ — Northwestern Mutual today announced the Raleigh-territorial councilors appointed to the Forbes 2022 List of “Top Financial Security Professionals in the State”. With more than 270 recognized Northwestern Mutual advisors in total, four of them are in the great Raleigh area, with Delynn Alexander ranking in the Top […]

Financial literacy

Financial Education Program in Spartanburg

SPARTANBURG, SC (FOX Carolina) — All students in South Carolina will soon be required to take a personal finance course before graduating. We took a look at a local credit union that already teaches financial literacy upstate. This all comes after heads of state approved a budget provision requiring the Department of Education to draw […]

Financial institutions

Managing Data in a Regulated World – How Financial Institutions Can Manage Data Risk While Ensuring Compliance

Financial institutions are a major target for data breaches and deliberate attacks by cybercriminals. These data breaches can compromise the privacy of all stakeholders, often due to unauthorized access to sensitive Personally Identifiable Information (PII) data, such as Social Security numbers. Approximately 147 million customers were potentially impacted by the Equifax data breach in September […]

Financial institutions

Numerica Credit Union converts its investment program to Cetera Financial Institutions

By Edlyn Cardoza August 02, 2022 AdviceWorks Cetera Financial Group Cetera Financial Institutions Cetera Financial Group, the American networks of financial professionals, has announced that Numerica Credit Union will convert its investment program to the Cetera Financial Institutions (CFI) community. The Washington state-based credit union currently manages $200 million and was previously affiliated with CUSO […]

Financial security

2022 Forbes List of “Top Financial Security Professionals in the State” Recognizes 10 Northwest Denver-Area Mutual Advisors

DENVER, August 2, 2022 /PRNewswire/ — Northwestern Mutual today announced the denver-territorial councilors appointed to the Forbes 2022 List of “Top Financial Security Professionals in the State”. With more than 270 recognized Northwestern Mutual advisors in total, 10 of them are in the great denver domain, with three Top 100 rankings. The Forbes The list […]

Financial security

Forbes’ 2022 “Top Financial Security Professionals in the State” List Recognizes 16 Mutual Advisors from Northwest Twin Cities Area

MINNEAPOLIS, Minn., August 2, 2022 /PRNewswire/ — Northwestern Mutual announced today twin towns-territorial councilors appointed to the Forbes 2022 List of “Top Financial Security Professionals in the State”. With more than 270 recognized Northwestern Mutual advisors in total, 16 of them are in the great Twin towns domain, with two rankings in the Top 100. […]

Financial security

Experts seek investment collaboration for financial security – Nigeria – The Guardian Nigeria News – Nigeria and World News

Experts have emphasized co-investment as a way to ensure financial growth and security. They pointed out that with the current financial downturn, collaborative investment remains a way to stay afloat. The submission was made at the launch of two books titled ‘There is Land for You and ‘Co-Investment: Unlocking the Treasures in Hidden Places’ written […]

Financial literacy

CFBank provides financial literacy resources to local students and the community | News, Sports, Jobs

CFBank provides financial literacy training to more than 1,840 students and residents in Columbiana, Franklin, Hamilton and Summit counties. Students at 22 schools and the surrounding community have free access to Banzai, an award-winning online program and content library that enables users to practice real-world finance from the safety of their home or […]

Financial literacy

People of all ages need financial literacy

Why do we require applicants to pass a test to obtain a driver’s license before hitting the road? To show that they have mastered basic knowledge and skills. Sometimes I wish we had done the same with financial matters. Unqualified people exercising their financial power can lead to nasty financial mayhem. Schools do their best […]

Financial institutions

D-Wave Systems Inc. – Provides quantum computing technology to help financial institutions accelerate high-variable calculations such as discovering optimal solutions to improve the investment portfolio H

Complex financial calculations that are difficult or impossible to perform quickly with traditional computers alone are now being solved using quantum systems from D-Wave, the world’s first commercial quantum computing company. D-Wave offers a full line of quantum computing systems, software, development tools, and services to businesses, governments, laboratories, and academia, including financial institutions Recently, […]

Financial literacy

Financial Literacy Exams August 29-31, NBSE Notifies Schools | MorungExpress

Kohima, August 1 (MExN): The Nagaland Board of School Education has informed schools offering financial literacy courses in grades IX and X that the Financial Literacy Exam 2022 will be conducted by schools through the online-only mode from August 29 to 31. In this regard, he indicated that no examination program would be distributed by […]

Financial institutions

Department of Financial Institutions: Governor Evers Proclaims August as ‘CAN Save’ Month in Wisconsin

MADISON, Wis. – Today, the Wisconsin Department of Financial Institutions (DFI) announced that Governor Tony Evers has proclaimed the month of August as “CAN SAVE” month in Wisconsin as part of a nationwide campaign to save money. Education and Outreach designed to increase awareness of the benefits of carrying a Better Life Experience (ABLE) account. […]

Financial security

Virginia Medicaid expansion has increased financial security for enrollees

Chesterfield resident Geneva Gordon was forced into bankruptcy after receiving a $21,000 hospital bill for reconstructive wrist surgery while uninsured. Quitting her previous job left her without insurance, living from paycheck to paycheck and constantly worrying about getting sick and mounting her mounting medical debt. Gordon has since signed up for Medicaid, which she says […]

Financial plan

Governor Hochul Announces Updated State Budget Fiscal Plan Reflecting Changes to National Economic Outlook

Governor Kathy Hochul today announced the release of the first quarterly update to the fiscal year 2023 Enacted Budget Fiscal Plan. changing economic outlook, an example of the Hochul administration’s continued fiscal discipline. “Like the rest of the country, New York State faces substantial headwinds with a changing national economy, and our latest update to […]

Financial literacy

Investor financial literacy is key to a stable stock market

Experts have emphasized the financial literacy of investors to save their hard-earned investments while making profits in the capital market. They made the suggestions at a conference held on Saturday as part of a decision by the Bangladesh Securities Commission (BSEC) to hold a nationwide investor education fair. Investors will need to acquire basic knowledge […]

Financial institutions

Nisa Investment Advisors LLC sells 1,550 shares of Financial Institutions, Inc. (NASDAQ:FISI)

Nisa Investment Advisors LLC reduced its holdings of Financial Institutions, Inc. (NASDAQ: FISI – Get Rating) stock by 40.9% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 2,240 shares of the bank after selling 1,550 shares during the quarter. Nisa Investment […]

Financial institutions

Regulation of Islamic financial institutions needs improvement, says IDB Institute

TEMPO.CO, Durham – The regulation and supervision of Islamic financial institutions (IFIs) must be continuously improved, according to the Islamic Development Bank (IDB) Institute. Research conducted by the IsDB Institute shows the attitude of IFI stakeholders who mostly believe that the regulatory and supervisory framework for risk mitigation for IFIs is sufficient. However, the room […]

Financial plan

City of Sun Prairie Financial Plan Keeps Annual Municipal Tax Increases Under $100 | Government

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Financial institutions

Lack of license: Central Bank of Kenya orders financial institutions to cut ties with Flutterwave and Chipper Cash

Following an investigation into allegations of fraud and money laundering against Nigerian fintech giant, Flutterwave and its counterpart, Chipper Cash, the Central Bank of Kenya (CBK) has ordered all financial institutions in the country to East Africa to stop doing business with fintechs. The order follows Thursday’s announcement by CBK Governor Patrick Njoroge that Flutterwave […]

Financial literacy

Abu Dhabi showcases 12 new social start-ups to tackle financial literacy and education technology

Abu Dhabi: The Social Contribution Authority – Ma’an – recently marked the completion of the sixth cohort of the Ma’an Social Incubator (MSI) and the first of 2022, with 12 participating start-ups who have developed their business ideas within the MSI. The sixth cohort was organized as part of the strategic partnership between Ma’an and […]

Financial institutions

Financial Institutions (NASDAQ:FISI) Rating Lowered to Stand on StockNews.com

Financial Institutions (NASDAQ:FISI – Get a Rating) was downgraded by StockNews.com equity researchers from a “buy” rating to a “hold” rating in a note released Saturday to investors. Performance of shares of financial institutions Shares of NASDAQ:FISI opened at $26.51 on Friday. The company has a market capitalization of $405.58 million, a price-earnings ratio of […]

Financial literacy

Bayer Heritage Federal Credit Union Sponsors Online Financial Literacy Program | News, Sports, Jobs

MOUNDSVILLE — Thousands of students in several states, including Ohio and West Virginia, now have access to an online financial literacy program thanks to a sponsorship from Bayer Heritage Federal Credit Union. Bayer Heritage FCU, which has branches in Moundsville, New Martinsville and Proctor, helped provide free access to the ban Bayer Heritage […]

Financial institutions

Financial institutions settle accusations of inadequate identity protection checks with the SEC

Financial institutions JP Morgan, UBS and TradeStation have all settled charges with the Securities and Exchange Commission that their identity theft protection protocols failed to meet legally required standards. In the case of JP Morgan, the SEC said its program spends a lot of time outlining the legal requirements for identifying red flags, as well […]

Financial literacy

Military Consumer Month Highlights Financial Literacy

JULY 29, 2022 – With inflation soaring in the United States and elsewhere, many members of the military community, including reservists and veterans, are struggling to make ends meet and need a good battle plan to beat their budget foes. Anyone in such a situation would do well to use the Department of Defense’s weapon […]

Financial security

Pru Pulse: With financial security a priority, recession fears loom

On Wednesday, the Federal Reserve took steps to try to rein in inflation by raising the interest rate again. The next day, the Bureau of Economic Analysis announced that the country’s gross domestic product fell further in the second quarter. But, even before that, the “r” word has been creeping into concerns for a while […]

Financial institutions

Legacy authentication methods are responsible for 80% of financial institution data breaches, but most refuse to upgrade

A study by HYPR found that most financial institutions fail to update their authentication methods even after experiencing data breaches. According to The State of Authentication in the Finance Industry report, 80% of financial institutions have experienced at least one data breach in the last 12 months. Additionally, 72% experienced multiple breaches, with each institution […]

Financial security

Study finds Virginia Medicaid expansion increased financial security

Virginia Medicaid beneficiaries said the program helped them achieve greater financial security — not just in medical costs, but in other areas such as food and housing, according to a study published this month in the journal Health Affairs. The research focused on people who were able to enter the program after state lawmakers expanded […]

Financial security

Northwestern Mutual leads the industry in Forbes’ “Top Financial Security Professionals” ranking

MILWAUKEE, July 28, 2022 /PRNewswire/ — Northwestern Mutual advisors represent more than a quarter of award winners on Forbes’ List “Top 100 Financial Security Professionals” 2022, with more than 270 advisors recognized as “Best Financial Security Professionals in the State”. The majority representation of Northwestern Mutual this year Forbes outperforms its competitors and scores the […]

Financial literacy

DVIDS – News – Military Consumer Month Focuses on Financial Literacy in the Ranks

FORT LEE, Va. – With inflation soaring in the United States and elsewhere, many members of the military community, including reservists and veterans, are struggling to make ends meet and need a good battle plan to beat their budget enemies. Anyone in such a situation would do well to use the Department of Defense’s weapon […]

Financial literacy

NBSE Notifies Schools Offering Financial Literacy | MorungExpress

Kohima, July 28 (MExN): The Nagaland Board of School Education has notified for information all schools offering financial literacy courses in grades IX and X that: • The 2022 Financial Literacy Exam will be conducted by schools in online-only mode from August 29-31.• No examination routines will be distributed by the Commission. Schools have the […]

Financial security

America’s Best Financial Security Professionals 2022

Forbes Top Financial Security Professionals 2022 Forbes Forbes unveils its annual ranking of America’s Top Financial Security Professionals (FSPs), the professionals families rely on for wealth planning and protection, including insurance. Extensive research is conducted by our partner SHOOK Research. SHOOK Research’s rankings are based on a simple notion: “Would we recommend these professionals to […]

Financial security

Northwestern Mutual: Industry Leader in Forbes’ “Top Financial Security Professionals”

MILWAUKEE, July 28, 2022 /PRNewswire/ — Northwestern Mutual advisors represent more than a quarter of award winners Forbes’ 2022 “Top 100 Financial Security Professionals” list, with more than 270 advisors recognized as “the best financial security professionals in the state”. The majority representation of Northwestern Mutual this year Forbes outperforms its competitors and scores the […]

Financial institutions

Three Ways Financial Institutions Can Support Consumer Financial Health Journeys Through Fintech Partnerships

By Elizabeth McCluskey, Director of the Discovery Fund at CMFG Ventures In recent years, financial health has become a trending topic in the financial services industry. Although some progress has been made, much work remains to be done as millions of Americans remain financially unhealthy. Current market conditions, such as a potential recession, will continue […]

Financial literacy

Emirates News Agency – Ma’an Community Financial Literacy Outreach Program celebrates 4th cohort graduation

ABU DHABI, 28th July, 2022 (WAM) — The Social Contribution Authority — Ma’an has organized the graduation ceremony for the fourth cohort of the Ghaya Financial Literacy Program, a three-month program which aims to achieve positive social impact by helping members of the Abu Dhabi community become financially savvy. A total of 144 UAE nationals […]