Financial literacy

Investing in digital financial literacy benefits everyone

Rose carried a flair of sophistication that we admired from afar. She was impressed because she understood the language of money. She came closer and whispered to me, “David, Cash creates the potential for him to be robbed even if someone isn’t a thief. Keep the money away » That’s all I remember of that […]

Financial security

Educators focus on financial security, but need additional resources to achieve their goals

New study from Security Benefit finds educators prefer learning how to manage their finances from financial advisors over other methods TOPEKA, Kan., June 21, 2022–(BUSINESS WIRE)–According to new research from Security Benefit, a leading provider of retirement planning products and solutions in the K-12 education market, more than half (52%) of all educators would rather […]

Financial literacy

Scharfenberger bill will increase financial literacy in New Jersey classrooms

Scharfenberger bill will increase financial literacy in New Jersey classrooms Middletown, New Jersey – MP Gerry Scharfenberger (R-Monmouth) introduced legislation (A4355) that will increase financial literacy in all New Jersey high schools with the inclusion of courses focused on the impact of loan underwriting as well as how to ensure personal economic responsibility and security. […]

Financial institutions

Payveris introduces loan repayments for financial institutions

Payveris introduces loan repayments for financial institutions By Edlyn Cardoza Today box electronic check Financial institutions Modern money movement leader Payveris, a division of Paymentus, recently launched Loan Payments®, a cutting-edge loan and debt repayment service with the broadest range of real-time payment methods and channels available on the market. Loan payments® is designed to […]

Financial literacy

Old Mutual partners with KICD to develop financial literacy course for secondary school teachers

Old Mutual has partnered with the Kenya Institute of Curriculum Development (KICD) to begin development of an online financial literacy orientation course for junior and senior secondary teachers. The course is designed to equip teachers with the ability to effectively implement the financial literacy concepts that need to be integrated into the curriculum during the […]

Financial security

5 Gift Ideas to Help Your Dad Achieve Financial Security

Father’s Day is a great opportunity to express your gratitude to your beloved dad by giving financial gifts that would provide him with long-term benefits. “With reduced energy and income, it may become difficult for your father to seek out investment avenues that can improve the return on his retirement capital and fight inflation. If […]

Financial security

Overreliance on LNG a risk to Pakistan’s energy and financial security

KARACHI: Faced with rapidly dwindling national natural gas reserves, Pakistan is relying more on imported liquefied natural gas (LNG) as an alternative fuel, which is misguided policy, according to a latest report released on Friday. “But rather than simply replacing one form of gas with another – the switch to imported LNG – undermines the […]

Financial literacy

Best videos promoting financial literacy in Cambodia awarded

Three videos showcasing the promotion of financial literacy in Cambodia, produced by youth and university students, were selected and awarded, reflecting greater participation of the younger generation in the financial sector. The final competition, held on June 17, was co-organized by Rithipul, a company that empowers Cambodian people and businesses with financial management knowledge, skills […]

Financial literacy

Nathalia Fernandez promotes financial literacy among Bronx youth

By SILE MOLONEY ASSEMBLY MEMBER NATHALIA Fernandez (AD 80), pictured in Norwood on June 8, 2022, would like to see more free financial literacy in schools for young people, to help create more financially stable communities and generations. Photo by Sile Moloney Money doesn’t grow on trees, we’ve been told since childhood. At the heart […]

Financial security

Freelance journalists in Turkey increasingly worried about their financial security: report

Freelance journalists in Turkey, who are already working under difficult political conditions, are also increasingly worried about their financial security as the country’s media faces significant commercial pressures, with devaluation fueling record inflation for 20 years, said Turkish Media reportedciting Reuters Institute Digital News Report 2022. The report says that many newspapers in Turkey, which […]

Financial institutions

Payveris Launches Loan Payments® for Financial Institutions to Provide Customers with Integrated, Real-Time Payment Methods and Channels

● Loan Payments® is built by Paymentus, recognized by Aite-Novarica as the “Best in Class” industry leader for Biller Direct EPPP solutions ● The new Payveris service is powered by the Instant Payment Network®, the only integrated ecosystem of real-time digital bill presentment, payment and money movement capabilities on the market CROMWELL, Conn., June 17, […]

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OakParkFinancial: Five Ways to Rethink Your Financial Situation in the Face of Inflation

Inflation is eroding your purchasing power. According to the CPI, prices for goods and services rose 7.9% year on year in February, the fastest rate since January 1982. Increasing expenditures are pinching American households. According to a new Forbes Advisor-Ipsos Consumer Confidence Biweekly Tracker, most respondents are either very anxious or moderately concerned about increasing […]

Financial literacy

Teaching Students Financial Literacy: Community Christian, Riverstone Bank Partner for School Savings Bank | Education

Elementary students will have the opportunity to create a savings account and learn banking skills as the Community Christian School partners with Riverstone Bank to open a student-run Eagle River Bank. The two entities have built a relationship, with the bank supporting school activities for several years. The bank is now looking to develop a […]

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Proposed changes impact Project Grace’s financial plan

The potential redevelopment of a New Hanover County-owned block in downtown Wilmington could now include a $2.5 million contingency plan for the developer in case state officials waive a part of the emerging agreement. The Grace Project could transform the 3-acre block bordered by Grace, Third, Chestnut and Second streets into a mixed-use project, requiring […]

Financial literacy

Whitmer signs bill updating Michigan curriculum to include financial literacy course

FOR IMMEDIATE RELEASE June 16, 2022 Contact: Press@michigan.gov Governor Whitmer signs bill updating Michigan’s curriculum to include financial literacy course, preparing students for graduation with lifelong skills LANSING, Mich. – Today, Governor Gretchen Whitmer signed House Bill 5190, a bipartisan bill updating Michigan’s high school curriculum to include a financial literacy course for the first […]

Financial institutions

How to Fix Critical Gaps Between Financial Institutions and Consumers

By Stephanie Williams, Vice President, Vericast There is a dichotomy in current consumer attitudes towards finances: on the one hand, consumers are emboldened by more choice, higher wages and some relief from the pandemic, but on the other hand they face market volatility, rising inflation and clogged supply chains. . Market volatility, in particular, has […]

Financial institutions

rajeshwar rao: Banks and financial institutions should proactively undertake stress testing of lending books: RBI Deputy Governor Mr Rajeshwar Rao

Despite improving asset quality, financial institutions, including banks, need to proactively undertake stress testing of their loan portfolios to examine loss absorption limits and take steps to improve them. if necessary, RBI Deputy Governor Mr Rajeshwar Rao said on Thursday. Gross non-performing assets (GNPA) and net NPA of banks improved to 5.97% and 1.7% as […]

Financial literacy

Financial literacy matters

“Money makes the world go round”, “money talks”, “money matters” are some of the famous quotes we have been hearing for a long time. Financial literacy plays a vital role in understanding the importance of income, saving and investing at the individual, family, institutional and national level. Financially literate people make informed decisions and make […]

Financial institutions

UN chief urges financial institutions to stop funding fossil fuels

By trend UN Secretary-General Antonio Guterres on Tuesday called on all financial institutions to abandon fossil fuel financing, Trend reports quoting Xinhua In a video address to Austria’s World Summit in Vienna, the top UN official said renewables were “the peace plan of the 21st century” and called for scrapping fossil fuel funding altogether, for […]

Financial literacy

Why teens need to learn to invest…

The role of financial literacy in an economy should not be underestimated. As former Associate Professor, Mark Graham of the UCT Graduate School of Business points out, the benefits of financial literacy are manifold, “from helping households manage their budget and savings to enabling entrepreneurs to embark on enterprise of value creation and economic growth”. […]

Financial security

Erie Insurance survey shows widespread concern over financial security – InsuranceNewsNet

ERIE, Pa. – June 14, 2022 – In a national survey of American consumers commissioned by Erie Insurance, two-thirds of respondents said they are more concerned about their financial security than they were before, and many are taking steps to address it. The wide-ranging survey also revealed what people miss most about working from home […]

Financial institutions

ALLSPRING GLOBAL INVESTMENTS INCREASES FINANCIAL INSTITUTIONS TEAM WITH NEW SENIOR RECRUITMENT

LONDON, June 15, 2022 /PRNewswire/ — Allspring Global Investments (Allspring), a leading independent asset manager with over US$541 billion of assets under management*, today announced the appointment of Charlie Wilson as Head of Financial Institutions for the UK and Swiss. Charlie joins Allspring with over 25 years of experience working for global asset managers, leading […]

Financial literacy

National Bonds, Taaleem to foster financial literacy among UAE youth

National Bonds has announced its collaboration with Taaleem, one of the leading education providers in the United Arab Emirates, to develop essential financial planning skills in children of all ages. The partnership will see the launch of an educational campaign with more than 15,000 students who are part of Taaleem schools in the United Arab […]

Financial institutions

Can financial institutions agree on a plan to phase out carbon-intensive assets?

This is the hottest debate in climate finance: whether to divest high-emitting industrial assets or finance them until they can be shut down. A global coalition of 500 banks, asset managers and insurers has published its plans and procedures for dealing with assets such as coal mines, oil fields, steel mills and cement works that […]

Financial literacy

Pushing to improve the financial literacy of female investors

BICM workshop FE REPORT | Published: June 15, 2022 10:01:39 During a workshop, experts suggested improving the financial knowledge of women investors in order to increase their participation in the capital market. They stated that if female investors come into the market with prior knowledge of the market and safe investment strategies, they can reduce […]

Financial security

Top 5 common mistakes people make when planning for financial security

In a year when wellness is a topic close to our hearts, it’s a good time to assess our financial health to see if we could make improvements. People often focus on their finances when life changes occur or tragedy strikes – but much like an annual checkup with your doctor, it’s important to be […]

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Importance of having a financial plan to achieve long-term life goals

“The problem with not having a goal is that you can spend your life running around the pitch and never score.” –Bill Copeland Finalizing the destination is the first and most important step in planning your trip. A planned route helps to make optimal and efficient use of available resources. Likewise, life goals should be […]

Financial institutions

Nearly half of financial institutions have adopted open banking

Nearly half (43%) of all major financial institutions have now adopted open banking. According to a new study by Curity, an identity management company focused on open banking, the top three motivations for adopting open banking are to improve competitiveness (58%), to offer new products and services (55 %) and meet customer demand (48%). hundred). […]

Financial literacy

Lack of financial literacy is costing consumers, but banks can help

By Kathleen Craig AAs a former banker, financial literacy is a topic I’m passionate about because a lack of financial knowledge affects people’s personal finances in impactful ways. According to a new survey by theNational Council of Financial Educators, a lack of personal finance knowledge costs an average of $1,389.06 per individual, or $352 billion […]

Financial security

COVID-19 pandemic prompts greater focus on health and financial security: Swiss Re

A recent survey by the Swiss Re Institute, two years after the start of the COVID-19 pandemic, showed that the pandemic has led to a greater emphasis on health and financial security, which has led to more purchases online insurance and a greater willingness to share personal health data, especially among the younger generation. This […]

Financial institutions

Financial Institutions and Climate Change: OSFI Guidance on Managing Climate Risks

What do you want to know The Office of the Superintendent of Financial Institutions (OSFI) published a draft guideline (the Guideline) on Climate Risk Management on May 26, 2022. The guideline sets out OSFI’s expectations for federally regulated financial institutions (IFF) regarding the management of climate-related risks, which OSFI broadly categorizes as physical risks and […]

Financial institutions

Here are the 6 financial institutions West Virginia says are violating its anti-fossil fuel boycott law

The clock is ticking until companies are blacklisted for not doing business with the state The West Virginia State Treasurer’s Office contacted six financial institutions on June 10 regarding alleged violations of its new law to prevent banks from boycotting the energy sector. These institutions are BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, US Bancorp […]

Financial literacy

As “Buy Now, Pay Later” Begins To Impact Credit Scores, Financial Literacy Is A Must

When getting large loans for a big purchase like a house or a car, a good credit rating is key to getting the best interest rates. Those with the highest credit ratings can usually benefit from the lowest interest rates available, which translates into significant savings over time. Yet, at present, UK consumers generally take […]

Financial literacy

Financial literacy is important for students: Collector

It is essential that students acquire knowledge of finance and how financial markets work to contribute to the growth of society, said District Collect Navjot Khosa. She was speaking on Saturday during a program organized by the Department of Investment and Public Assets Administration (DIPAM) of the Ministry of Finance in conjunction with the Azadi […]

Financial institutions

Financial institutions warned against giving loans to Cross River government

Professor Sandy Onor June 11 (THEWILL) – Financial institutions inside and outside the country have been warned against extending more loans to the Cross River State government. People’s Democratic Party (PDP) Guber flag bearer in the state, Professor Sandy Onor issued the warning in Calabar. The warning comes amid reports that the state government has […]

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Rating agencies validate BC financial plan to support people and businesses

British Columbia’s stable and continued credit ratings show key stakeholders in the financial community are validating the province’s fiscal plan to invest in the services people need and build a strong, sustainable future for British Columbia Despite major world events that have increased inflationary pressures and spared no province or country, all four major international […]

Financial literacy

Youth investment challenge aimed at improving financial literacy

Lyna Mohammad BIBD Securities Sdn Bhd (BIBDS) is about to organize an investment challenge aimed at improving the financial literacy of young people in the field of investment. The six-month challenge begins June 15 and promises a competitive yet fun environment. Participants will gain a better understanding of the benefits of investing and the virtue […]

Financial literacy

Financial literacy education could help many Americans

EEven as our country continues to weather the worst effects of the COVID-19 pandemic, supply chain issues persist, inflation, pressure on labor and wages are rising, and interest rates increase. As Americans struggle to make sense of it all — and plan accordingly — a lack of financial literacy makes it difficult for many. In […]

Financial institutions

International Financial Institutions Boost Fintech in Emerging Markets

Lagos, Nigeria, June 10, 2022 /PRNewswire/ — More and more international financial institutions are participating in the development of fintech in emerging markets. MasterCard recently established a strategic partnership with OPay, a fintech unicorn in emerging markets. On May 19, 2022MasterVSard and OPay, a fintech company focused on emerging markets, announced a strategic partnership to […]

Financial literacy

Richland One’s Kelly Brooks Completes SC Financial Literacy Masters Program

By mikem@thecolumbiastar.com | on June 09, 2022 Contributed by Angela Crosland Kelly Brooks Kelly Brooks, chair of Dreher High School’s Career and Technical Education (CTE) department, is among 20 educators from across the state who are part of the third cohort of the Carolina Treasurer’s Financial Literacy Master Teacher Program. of the South, Curtis Loftis. […]

Financial literacy

Students learn essential financial literacy skills

Jenkins Elementary School’s Leader-in-Me Financial Literacy Mentorship Program Teaches Students Essential Financial Literacy Skills John D. Jenkins Elementary School, in partnership with the National Coalition of 100 Black Women Prince William County Chapter, Inc., (NCBW/PWCC), hosted the Leader-in-Me-Leadership financial literacy program, a program mentorship for elementary students. . During the 2021-2022 school year, the program […]

Financial literacy

States Add New Requirement for High School Graduation: Financial Literacy

Michigan lawmakers have approved a bill requiring high school students to take personal finance to classify. It now goes to Governor Gretchen Whitmer for her signature. This would make Michigan the 14th state to require public high schools to teach personal finance. Florida and Georgia also passed similar laws this year, and a number of […]

Financial security

The LGBTQ+ community sees their personal financial security diminish

(Photo: 9nong/AdobeStock) Personal finance is not a static issue and not everyone defines it uniformly. For example, the LGBTQ+ community’s perspective on their finances. A new National study shows that LGTQ+ Americans are, in fact, less likely than the general public to have a positive view of their personal financial situation. Baby boomers seem to […]

Financial institutions

Going Green with Regulatory Technology for Financial Institutions

As the popular adage goes, “change is the only constant” and climate change fits the bill perfectly, as every notable change in climate patterns poses an increased risk to financial stability. It is therefore not surprising that climate risk continues to be one of the main agendas of banking and financial institutions. As regulators, banks […]

Financial literacy

The Busey Bank Bridge space aims to foster financial literacy and economic growth on the South Side of Peoria

Residents of South Side Peoria have a new place to go for financial information, education and advice. A grand opening ceremony on Wednesday afternoon featured the Busey Bank Bridge, a community space intended to improve the region’s financial literacy and access to economic opportunity. “It means so much to Busey to be able to reinvest […]

Financial institutions

Leading financial institutions partner with UNECA and FSD Africa to shape Africa’s natural capital

A group of leading financial institutions from across Africa met with the Ministry of Environment, Science, Technology and Innovation (MESTI) and the UK-funded Financial Sector Development Agency FSD Africa as founding members of the African Natural Capital Alliance (ANCA). The alliance, in partnership with the United Nations Economic Commission for Africa (ECA), will act as […]

Financial institutions

Leading financial institutions join forces with the United Nations Economic Commission for Africa (UNECA) and FSD Africa to form the African Natural Capital Alliance (ANCA)

A group of leading financial institutions from across Africa met with the Ministry of Environment, Science, Technology and Innovation (MESTI), and the UK-funded Financial Sector Development Agency FSD Africa as founding members of the African Natural Capital Alliance (ANCA). The alliance, in partnership with the United Nations Economic Commission for Africa (UNECA), will act as […]

Financial literacy

Sunnyside wrestling camp combines grappling and financial literacy | Solutions

Three of Sunnyside’s top wrestlers have partnered with a state agency to host a wrestling and financial literacy camp for underserved youth in their community. Count withdrawalswhich runs June 14-18, will accommodate 60 Tucson K-12 students. The camp is led by Blue Devils State Champions Jaime Rivera Jr., Audrey Jimenez and Michael Avelar, who all […]

Financial literacy

KFI Global Wins International Award for Best Financial Literacy Project for Schools – News

The UAE-based education company specializes in teaching teens and young adults how to make smarter financial decisions. Photo provided Published: Tue, Jun 7, 2022 10:55 PM Last update: Tue, Jun 7, 2022 10:58 PM KFI Global, a UAE-based education company that specializes in teaching teens and young adults how to make smarter financial decisions, was […]

Financial security

Santander Consumer USA funds financial security programs for survivors of human trafficking and domestic violence

More … than $400,000 in grants from Santander Consumer UNITED STATES Inc. Foundation supports New Friends New Life and Genesis Women’s Shelter & Support DALLAS, June 7, 2022 /PRNewswire/ — Santander Consumer UNITED STATES Inc. (“SC”) helps victims of domestic violence find financial freedom and funds an initiative to remove economic barriers for women and […]

Financial security

Bridging Financial Security Gaps with LGBTQ+ Americans

DDespite the progress made by the LGBTQ+ community over the past decade in terms of legal protection, members of the community still lack equality when it comes to financial security. A recent survey conducted by the National Retirement Institute show that while 54% of the general US population were optimistic about their personal financial situation, […]

Financial institutions

Archaea Obtains Binding Commitments from Five Financial Institutions for Additional Term Lending and Revolving Credit Facility Capacity

HOUSTON–(BUSINESS WIRE)–Archaea Energy Inc. (“Archaea”, “the Company” or “we”) (NYSE: LFG), a leading renewable natural gas (“RNG”) company, today announced that the one of its subsidiaries has obtained binding commitments from five financial institutions to amend its revolving credit and term loan agreement to, among other things, increase total commitments from approximately $450 million to […]

Financial institutions

BoU asks financial institutions to step up staff training

The central bank has asked all financial institutions under its supervision to strengthen staff training in order to have qualified and proactive staff serving the general public. Commercial banking training is any type of course or formal upgrading that gives learners the essential skills for a career in commercial banking or financial management. Bank of […]

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Manage your financial plan when interest rises

The Bangko Sentral ng Pilipinas (BSP) announced on May 19 the Monetary Board’s decision to raise rates by 25 basis points (bp) starting May 20. Some analysts expect the Monetary Board to raise benchmark rates by 75 bps this year to rein in inflation and reduce currency risks after the US Fed (US Federal Reserve) […]

Financial literacy

MCPS to make recommendation Tuesday on financial literacy course requirement

On Tuesday, Montgomery County Public Schools officials are expected to recommend to the school board whether a financial literacy course should be required for high school students before graduation. In October, student board member Hana O’Looney asked the district to explore requiring high school students to take a half-credit course on concepts like filing taxes. […]

Financial literacy

Maybank continues to champion financial literacy in Cambodia

Maybank continues to champion financial literacy among Cambodia’s young population, with the launch of its fifth financial literacy program Maybank Cashville Kidz which aims to benefit over 9,800 students. The program, approved by the National Bank of Cambodia and the Cambodian Ministry of Education, Youth and Sports, will run from June 2022 to September 2022. […]

Financial institutions

Three Best Practices for Cloud Adoption at Large Financial Institutions

By Jamil MinaChief Architect, Financial Services, Red Hat Over the years, the popularity of the public cloud has grown in the financial services industry, holding the promise of delivering IT services faster and scaling those services on demand to meet peak business demand. Cloud adoption requires large enterprise developers to learn new technologies and become […]

Financial literacy

New Zealand financial literacy resources among the best in the world

Friday, June 3, 2022, 5:09 p.m.Press release: MoneyTime Concern over the lack of financial literacy education in schools has led to the development of several world-class personal finance programs for children in New Zealand. Both MoneyTime and Banker High were finalists for Best Non-Financial Services Company at the inaugural Money Inclusion and Awareness Award (MAIA) […]

Financial institutions

Financial institutions: FBR will conduct a compliance audit, inspections – Business & Finance

ISLAMABAD: The Automatic Exchange of Information (AEOI) Areas of Tax Administration Commissioners will conduct compliance audits and inspections of financial institutions to ensure compliance with the Common Reporting Standard for the Exchange of Taxes information on taxpayers’ financial accounts with other tax jurisdictions. The Federal Board of Revenue (FBR) on Thursday released Tax Circular Number […]

Financial institutions

equipifi closes $12 million to power BNPL tools for financial institutions

equipifi recently announced that it has raised $12 million in funding. These are the details. equipifi — a fintech company providing banks and credit unions with a Buy Now, Pay Later (BNPL) white-label solution — announced a $12 million Series A funding round. And the investment, led by Curql Collective through Curql Fund and PHX […]

Financial literacy

How Parents Can Empower Their Children Through Financial Literacy

The Covid-19 pandemic has really highlighted how financially troubled our society is. Debt levels are extremely high, bankruptcies are common, and many Americans are living paycheck to paycheck. Today’s adults are hurting and also risk causing trouble for the next generation. The fight against America’s financial literacy crisis begins at home, as financial education classes […]

Financial literacy

Wells Fargo grant boosts financial literacy in high schools

Today’s news DAILY SRQ FRESHLY PRESSED CONTENT EVERY MORNING THURSDAY JUNE 2, 2022 | BY JACOB OGLES Image via Pixabay A grant to the Sarasota County Educational Foundation from one of the nation’s largest financial institutions could mean a greater sense of financial literacy for local high school students. Wells Fargo funded Financial Awareness Week […]

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Keeping your financial plan on track

Oith recent stock market volatility and uncertainties in the economy, tensions are running high in a number of areas, especially as the rights of women and LGBTQ citizens are also under threat. The impact of nullifying marriage equality as a constitutional right would not only impact our personal lives, but would also have a detrimental […]

Financial institutions

Importance of Board Assessments in Tanzanian Financial Institutions

By Peninah Musya Corporate governance is about the regulations, practices, and systems that guide organizations. Its essence is to ensure that companies find a balance between the interests of the community and those of the stakeholders in the execution of their mandate. Board evaluations, on the other hand, are a governance function through which boards […]

Financial literacy

Why Danielle Collins has become a strong advocate for financial literacy

Danielle Collins graduated from the University of Virginia in 2016 with a degree in media studies. But what she really needed as she embarked on a career in professional tennis was a better understanding of money. “I graduated from one of the best schools in the country,” she said earlier this year at the Miami […]

Financial institutions

“We are designing renewed financial institutions for young people” –

Adesina said investment banks would help young people get capital, create jobs and create wealth for the younger generation. He added that the plan would be finalized by June this year. “We are designing renewed financial institutions that will invest in the businesses of young people and Ghana is one of the beneficiary countries,” he […]

Financial security

The LGBTQ+ community is falling behind on financial security

New study: Only half of LGBTQ+ people say they are confident in their ability to save for retirement Columbus, Ohio, June 1, 2022 /PRNewswire/ — LGBTQ+ Americans are less likely to be on track to meet their financial goals, have the ability to absorb unexpected expenses, or feel confident in their ability to save for […]

Financial institutions

New Succession Planning Book Helps Financial Institutions Create a Prosperous Future

Business Growth Experts Dr. Mary C. Kelly and Meridith Elliott Powell present concrete strategies for beginning leadership succession planning before it becomes a crisis DENVER and ASHEVILLE, North Carolina, June 1, 2022 /PRNewswire/ — CEOs, presidents, board members and other senior leaders of financial institutions, banks and credit unions who want to ensure their organizations […]

Financial institutions

How Financial Institutions Can Manage Third-Party Risk in Large Non-Outsourcing Contracts

This represents a change in approach that requires financial institutions to consider the control frameworks they apply. There are specific regulatory requirements for outsourcing. While these do not fully apply to material non-outsourcing contracts, such contracts are expected to include protections as strong as those provided in material outsourcing contracts. There are several ways […]

Financial literacy

Credit and debit products target financial literacy

If you’re one of those who think high school kids should be able to elect Regents Trigonometry or Financial Literacy to graduate, there’s good news for a change. A new credit card unveiled in May is designed for kids, supervised by parents, and conveys the fundamentals (and more) of how to responsibly manage personal finances. […]

Financial literacy

Financial literacy impacts career outcomes as students transition into careers

Without financial literacy skills, are schools missing an opportunity? (Photo by David McNew/Getty … [+] Pictures) Getty Images When discussing models of student learning, ownership and agency are important issues in education circles. Yet when it comes to financial literacy and the essentials of taking charge of finances, many students are encouraged to seek independent […]

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How insurance can make or break your financial plan

You could be one serious accident, storm or lawsuit away from disaster unless you have the right insurance. From umbrella and uninsured motorist to flood and excess liability, several different types of policies may be needed to get the job done. Having the right P&C coverage is essential when it comes to protecting your assets. […]

Financial literacy

Train women in financial literacy, loan officers said

The Vice President of the Opposition Alliance for Change and Transparency-Wazalendo (Mainland), Dorothy Semu, said this recently during the just-concluded one-day workshop on empowerment Women’s Economics and Justice through Financial Inclusion in Tanzania, including a reflection on political party election manifestos. The event was organized by Women’s Action for Economic Development and involved members of […]

Financial security

How a Side Hustle Can Help You Achieve Financial Security and Achieve Your Financial Goals

PixelEffect / Getty Images Volumes have been written about how to start a side hustle and which gigs could make the most money. What’s talked about less often is how that extra bit of money a month can change your life and put you on the path to good financial health. Read more: 22 side […]

Financial literacy

Financial literacy is a key enabler of sustainable national and global socio-economic growth

Financial literacy is a key enabler of sustainable national and global socio-economic growth There is a significant shift in attitude towards managing personal finances in Saudi Arabia, largely driven by a young population. The next generation wants to save, invest and better manage their finances and now has more resources and access to a range […]

Financial literacy

Hampton students to learn business skills and financial knowledge through community garden – Daily Press

HAMPTON — About 200 Hampton high school students will get hands-on this summer at a new community garden — the first youth program of its kind in the city. It all started with a simple idea: planting tomatoes. Erica Spencer, senior director of business development at Hampton’s office of economic development, and Tanisha “Sunny” Golston, […]

Financial literacy

This teenager plans to teach financial literacy to students in rural Maharash – Edexlive

Ek Prayaas is a ‘prayaas’ (meaning an attempt in Hindi) by Shaurya Kabra to spread basic financial knowledge, especially in rural areas. Sounds like a huge task for a 16 year old, doesn’t it? But he has plans in place to accomplish this daring task. But the story goes back a bit… “From an early […]

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Build a comprehensive financial plan

A A comprehensive financial plan can ease a client’s mind and reduce anxiety about their short and long term finances. Studies show that people feel more secure when they have a documented holistic financial plan like The Bucket Plan® to fall back on. The solution to any individual’s economic puzzle is holistic financial planning. The […]

Financial institutions

2022 growth should be higher than the forecasts of financial institutions

Georgia’s economic growth in 2022 is expected to exceed forecasts published by financial institutions, Economy Minister Levan Davitashvili said Friday during a plenary session of the Georgian parliament. Davitashvili briefed MPs on current trends in the country’s economy, government visions and main directions of economic policy. We expect the expected economic growth to be […]

Financial literacy

Gen Z gets a new financial literacy platform as Prograd partners with Admiral Money

Based in London Program – a 2021 alumnus from an esteemed start-up accelerator Tech Stars – announced a partnership with Silver Admiral to help young adults find and understand their sustainable loan products. In the second quarter of 2022, Prograd is launching a platform to help Gen Z understand, access and manage all the financial […]

Financial security

Formulate a national policy to ensure the financial security of the elderly

Yangyel Lhaden When stakeholders came together to formulate a national policy for the elderly in Bhutan in Thimphu on May 19, everyone agreed on the need for financial security for the elderly population and recommended a pension plan. Stakeholders included representatives of Zhung Dratshang, the armed forces, non-governmental organizations, civil society organizations (CSOs), the attorney […]

Financial literacy

Role of Financial Literacy in Promoting Women’s Inclusion

Columnists Role of Financial Literacy in Promoting Women’s Inclusion Friday, May 27, 2022 Women who graduated from Nyeri in late 2021 with basic literacy and vocational skills to help them better run their businesses. FILE PHOTO | NMG As we celebrated International Women’s Day, I couldn’t help but reflect on how women in today’s hyper-connected […]

Financial literacy

Arizona Federal Named Financial Literacy Partner of Local First Arizona Small Business Accelerators

Compiled by Matt Loeschman PHOENIX – In an effort to grow small businesses and support minority business owners in partnership with Local First Arizona, Arizona Federal Credit Union is proud to be one of the Financial Literacy Partners for We Rise Accelerator Programs and Fuerza Local. These programs aim to provide Black and Hispanic business […]

Financial literacy

60 women benefit from AngloGold Ashanti’s financial literacy awareness program

AngloGold Ashanti Obuasi Mine educates women in its operational areas in basic financial management as part of a financial literacy awareness program. Sixty women engaged in different businesses within the AngloGold Ashanti Obuasi mining enclave have so far benefited from the financial management training to improve the fortunes of their businesses. The two-day monthly training […]

Financial institutions

Financial Institutions, Inc. Announces Quarterly Cash

WARSAW, NY, May 25, 2022 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), parent company of Five Star Bank, SDN Insurance Agency, LLC (“SDN”), Courier Capital , LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”) today announced that their Board of Directors has approved a quarterly cash dividend of $0.29 per outstanding common […]

Financial literacy

Community leaders ‘kiss a pig’ for financial literacy

ABINGTON, PA – Business and community leaders from across the region recently descended on the Abington Art Center to hug a pig, while raising money for a worthy cause. TruMark Financial held its 11th annual financial literacy fundraiser on May 11, an event designed to help raise awareness of financial literacy in our local schools. […]

Financial institutions

Artificial Intelligence Developments Financial Institutions Should Expect in 2022

Throughout 2021, many banks and credit unions have implemented AI and virtual agents for the first time, with many more planning to do the same this year. While sometimes slow to adopt new technologies like this, financial institutions needed to be more rigorous in their approach to solving problems in a socially distant world. While […]

Financial institutions

Financial Institutions, Inc. Announces Quarterly Cash Dividend

Financial Institutions, Inc. WARSAW, NY, May 25, 2022 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), parent company of Five Star Bank, SDN Insurance Agency, LLC (“SDN”), Courier Capital , LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”) today announced that their Board of Directors has approved a quarterly cash dividend of $0.29 […]

Financial security

The good news: Americans’ financial security soared last year. The bad news: It may be due to this lucrative but temporary tax break

Parents, especially those from lower-income households, said they were doing much better financially last year, and the government’s expansion of child tax credits may have played a big part. in this regard. That’s according to a Federal Reserve report, based on the annual National Survey of the Economy and Household Decision Making (SHED), primarily based […]

Financial institutions

A support tool for financial institutions –

EOS Data Analytics provides agro-banks with satellite monitoring solutions to streamline loan risk assessment In light of global food demand and climate change caused by the greenhouse effect, agriculture has undergone significant transformations to respond to emerging challenges. Advances in technology are improving traditional agricultural approaches and shifting to more sustainable practices. The global smart […]

Financial literacy

Emirates News Agency – Financial literacy emerges as key to financial inclusion at World Economic Forum session

DAVOS, 24th May, 2022 (WAM) — Financial inclusion remains the first step towards personal and professional well-being and is a prerequisite for achieving several goals under the United Nations Sustainable Development Goals. Despite this, more than half of the world has yet to gain equitable access to finance and this remains one of the greatest […]

Financial institutions

NFP’s Financial Institutions Group hires TigerRisk for Lloyd’s Line Slip – InsuranceNewsNet

NEW YORK (PRWEB) May 24, 2022 NFP, a leading property and casualty insurance broker, employee benefits consultant, wealth manager and retirement advisor, today announced its Financial Institutions Group (FIG) selected TigerRisk Partners LLC to develop a line slip to do business with Lloyd’s of London. FIG specializes in advising and placing financial and general casualty […]

Financial institutions

StockNews.com Cuts Financial Institutions (NASDAQ:FISI) to Hold

Financial Institutions (NASDAQ:FISI – Get a Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a Monday report. Separately, Zacks Investment Research upgraded financial institution stocks from a “hold” rating to a “buy” rating and set a price target of $31.00 on the stock in a Monday 2 may. Shares […]

Financial literacy

The Value of Financial Literacy at St. Jerome School

Action News traffic reporter, FYI Philly host and St. Jerome School alumnus Gina Gannon poses with students, teachers, staff and mascots. Photo courtesy of Hy Paul Studios St. Jerome teacher Julianne McConnell prepares to kiss the pig at TruMark Financial’s Kiss-A-Pig financial literacy fundraiser held at the Abington Art Center. Photo courtesy of Hy Paul […]

Financial institutions

Scams are on the rise. What should financial institutions do to better protect themselves and their customers?

Scams, the number one type of crime in the United States, continue to threaten financial institutions and their customers. Recently released data from the Federal Trade Commission (FTC) shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70% from the year previous. The FTC also shared […]

Financial institutions

Fintech startup equipifi raises $12M to power financial institutions with Buy Now, Pay Later

“Consumers rely on their primary financial institution to know them and their financial goals. This is why, even though BNPL has seen rapid adoption through third-party lenders, the majority of consumers are still turning to their trusted financial institutions for a better option,” said Bryce Deney, co-founder and CEO of equipifi. “equipifi enables banks and […]

Financial literacy

Financial literacy education has far-reaching effects

Financial literacy is an issue that doesn’t seem to be going away. According to the OECD International Financial Literacy Survey, only 52% of adults can be considered financially literate. Looking at other surveys, the results are even more alarming. “In the EU adult population, just under 50% do not understand basic financial concepts,” said Phillip […]

Financial literacy

Why kids need to learn financial literacy

Twenty states across the country have bills requiring financial literacy to be taught as a separate course in elementary schools. And experts say it’s time. Harold Abraham, elementary school principal and adjunct professor at Montclair State University, says financial literacy is so important that it should be an integral part of all grade levels. “As […]

Financial literacy

Saweetie set to teach financial literacy to young people

In late 2021, rapper Saweetie was offered a guest lecturer position at her alma mater, the University of Southern California. AllHipHop reported that she was hired to teach a Business Feasibility and Introductory (VFVI) course at the USC Marshall School of Business. Now the leaderboard is bringing those lessons to youngsters who can’t afford a […]

Financial literacy

Financial literacy courses could become a requirement in Montana schools next year | Montana News

When Butte resident Mike Paffhausen graduated from Carroll College in 2009, he received a thin, purple school book that he says changed his life. It was called “Life After Graduation: Your Guide to Success”. Paffhausen then made a to-do list on a few blank pages at the back of the book, filled with items the […]

Financial literacy

Ohio Department of Commerce Encourages Financial Literacy in Youth

MUSKINGUM COUNTY, Ohio – Young people across the state of Ohio may not be receiving the best financial knowledge. The Ohio Department of Commerce hopes to change that narrative with different kinds of resources for high school graduates. Two ways recent graduates and college students make mistakes are […]

Financial institutions

German Finance Minister: G7 Countries and Global Financial Institutions Provide $19.8 Billion in Aid to Ukraine | International

Country 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 ofBarbadosBelarusBelgium, […]

Financial plan

A financial plan: why is it so important in Portugal?

A solid financial plan should be created and implemented over time and reviewed regularly to ensure key areas such as taxation, investment performance, estate planning and lifestyle goals can be achieved . Here we look at some key issues around financial planning in Portugal that we help our clients with. Three key areas to consider […]

Financial literacy

Wealth Management Solutions sponsors financial literacy events, education

Commitment to educating future generations about personal finance among the core beliefs of Wealth Management Solutions LLC, a registered investment advisory firm. NEWPORT BEACH, Calif., May 19, 2022 /PRNewswire/ — Wealth Management Solutions LLC recently sponsored two financial literacy events called “Foundations in Personal Finance” for the newport beach community. And, as a sponsor of […]

Financial literacy

OneAmerica commits $1 million to financial literacy

The innovative program, which will be funded over a five-year period, is a cutting-edge education and empowerment experience that teaches important personal finance concepts. Using the American College of Financial Services’ e-learning design and delivery philosophy and building on the College’s Financial Wellness Program originally created for Historically Black Colleges and Universities (HBCUs) , the […]

Financial institutions

Hundreds of local financial institutions hit the restart button

HelloRF Bank of Shanghai, the city’s largest repo-issuing bank, said its outlet in Chongming resumed in-person operations on Wednesday and saw strong demand for cash withdrawals, wealth management and money transfers. The first batch of financial institutions, 864 in total, were allowed to resume operations on Wednesday as the city’s COVID-19 situation improves, local authorities […]

Financial plan

City of Wetumpka presents four-year financial plan | News

Almost two decades ago, the finances of the town of Wetumpka were different than they are today. Mayor Jerry Willis had just served on city council 14 years ago and city leaders were wondering how to improve Wetumpka. “When I took office, we owed $13 million and had no plan,” Willis said at last week’s […]

Financial institutions

Impact of the NCLAT ruling on development finance institutions

Jhe judiciary has played a vital role in dealing with issues arising from the Insolvency and Bankruptcy Code, 2016 (code). Recently, in Union Bank of India on behalf of the creditors’ committee of Dewan Housing Finance Corporation Limited v National Housing Bank & Anrthe National Company Law Appellate Tribunal (NCLAT) considered whether a trust, imposed […]

Financial institutions

Why Financial Institutions Need Market Surveillance

VSCentral banks are responsible for overseeing their country’s monetary system and establishing regulations to keep its markets balanced. Part of this includes establishing benchmark exchange and interest rates and supervising exchanges around the world. In recent years, “risk-free” benchmarks and the implementation of codes of conduct have made it more difficult to manipulate the foreign […]

Financial institutions

From robbery to hijacking, cybercriminals are turning to financial institutions

Most financial institutions said Russia poses greatest concern as geopolitical tensions continue to escalate in cyberspace VMWare has noticed that sophisticated cybercrime cartels have evolved beyond wire transfer fraud to target market strategies, take over brokerage accounts and go island-hopping at banks. 63% of financial institutions admitted to experiencing an increase in destructive attacks, while […]