Financial plan

Prime Minister’s fiscal plan protects people

The Prime Minister’s Grassroots Funding Program is the cornerstone of economic initiatives for citizens. Be it Direct Cash Transfer, Corona Funding, Prime Minister’s Kisan Scheme, Wage Rise under the Mahatma Gandhi National Rural Employment Guarantee Scheme, Life Insurance and Health Insurance ; the first step of all these schemes, the opening of a bank account […]

Financial literacy

NIL Cash encourages US bank and Opendorse to offer financial literacy courses

More … than a year in the era of name, image and likeness college athletics, financial literacy and money management for college athletes is still top of mind for many. Enter US Bank, which works with NONE giant Opendorse to bring financial education to the more than 80,000 athletes on its platform, of which around […]

Financial security

Achieving financial security: the MicroPension method

Statistics indicate that in Nigeria, more than eighty percent of the labor force is in the informal sector. The informal sector consists of self-employed workers, domestic workers and even some salaried workers who sometimes struggle with irregular income and savings, hence the need for a micro-pension scheme, MPP. The Micro-Pension Scheme, according to the Head […]

Financial literacy

New course at Southold High School focuses on financial literacy

Southold Junior-Senior Secondary School. (Credit: Melissa Azofefifa) In order to graduate from high school, students must master the three Rs: reading, writing, and arithmetic. This year, Southold seniors can add a fourth ‘R’ to the acronym: real-world readiness. That’s the idea behind a new graduate seminar that will help students explore both post-secondary plans and […]

Financial institutions

Financial institutions boost economy with N1.35trn – New Telegraph

The insurance sector registers a minimal contribution Banks and other financial institutions, excluding insurance, contributed N1.35 trillion to Nigeria’s real gross domestic product (GDP) in the first half of this year, up 22.77% from 1, 10 trillion naira in the corresponding period of 2021, according to the latest data released by the National Bureau of […]

Financial literacy

South African government to ban banks from running financial education programs in schools

The South Australian government has said banks will be barred from teaching financial literacy in state schools by the end of the year. Key points: Several states have banned banks from running programs in schools SA Labor has vowed to make a similar move ahead of winning state elections Education minister slams programs as ‘predatory […]

Financial literacy

Some high schools require mandatory financial literacy courses

According USA today. In 2018, five states guaranteed self-directed personal finance classes for all high school students — a number that grew to 13 in May 2022 — and are expected to continue growing. Courses help students learn the basics of managing their money before moving on to college or their careers. They also learn […]

Financial literacy

Financial Education Program for the Masses – Manila Newsletter

SINGAPORE — This city-state of 5.8 million people has the highest rate of financial literacy in Southeast Asia, according to the 2019 Finder study titled “Unlocking Financial Health in Asia: Creating a Financial Health Index”. The study was conducted by Australian fintech company Finder ROW Pty. ltd. to assess the financial well-being of Asian economies […]

Financial literacy

Centraide grants $77,000 for financial literacy | Local News

The United Way of the Wabash Valley Financial Management Board is awarding $77,000 to two organizations to implement financial literacy training for employees in their jobs. Grants go to Reach Services and Child-Adult Resource Services. With $52,000, Reach Services is partnering with Great Dane of Terre Haute to implement a new Money Matters program for […]

Financial institutions

Latham Adds Leading New York Financial Institutions Regulatory Partner

Arthur Long brings significant experience in advising on complex banking regulatory compliance issues and on the regulatory aspects of transactions. NEW YORK, August 29, 2022 /PRNewswire/ — Latham & Watkins LLP1 is pleased to announce that Arthur Long joined the firm New York office as a partner in the Corporate Department and as a member […]

Financial literacy

How Advisors Are Filling the Financial Literacy Gap

Let’s be frank: customers are often financially ignorant. Advisors spend a lot of time explaining the most basic principles. When a client’s family becomes involved, this learning curve can become even more complicated; different generations have different degrees of comfort with money. Some advisers are working to improve the situation. By contributing to financial literacy […]

Financial security

Add a layer of financial security with top-up and super-top-up policies

Published: Updated on – 19:19, Mon – 29 Aug 22 A supplemental plan comes into effect once the user has exhausted the sum insured on their basic health insurance policy Hyderabad: Health expenses are difficult to bear without substantial insurance coverage. However, health coverage may not cover all expenses. In such scenarios, recharge and super […]

Financial literacy

Investment Challenge: Inspired Teacher Calls for Mandatory Financial Literacy in Schools

JSE Investment Challenge Ffinancial education for high school learners should be compulsory in all schools across the country, according to Phyllis Walsh, a teacher and mentor at Eden College in Durban. Walsh’s sentiments are the result of his experience mentoring a team of four learners through the JSE Investment Challenge, which teaches learners and students […]

Financial security

Hire to Retire: Skilled Workers Want Financial Security and Wellness Benefits

Hire to Retire: Skilled Workers Want Financial Security and Wellness Benefits Of the many sectors affected by labor shortages, in few industries the potential long-term economic consequences of talent drain are more evident than in manufacturing. Employee demands are evolving beyond traditional attraction and retention strategies. Supply chain issues and the changing nature of the […]

Financial literacy

Football: Academic development, financial literacy push for Lion City Sailors players

SINGAPORE — Singapore Premier League (SPL) leaders Lion City Sailors’ first team are focused on securing a second consecutive league title, but the club have also been busy. The only privatized football club in the Republic recently announced historic collaborations for its young players as well as for its professionals in order to promote their […]

Financial plan

The role of insurance in a solid financial plan

By Russ Gaiser Insurance. These days, you can insure almost anything, from cars to card collections to your life. Within each category, there are tons of policies, companies, and factors to consider, which can make it extremely difficult to know what to buy and what not to buy. Russ Gaiser A good starting point is […]

Financial institutions

How US and UK financial institutions are funding Russia’s ‘carbon bombs’

Financial institutions in the United States hold nearly half of foreign investment in Russia’s carbon bomb-making ventures, with 154 institutions holding $23.6 billion. The largest combination of investment and credit – $10 billion – was provided by JPMorgan Chase, which other analyzes have also identified as a top fossil fuel backer. (Photo: Яндекс фото/Wikipedia, Creative […]

Financial literacy

Money Hub Youth Enterprise Campus Series educates students on financial literacy

The event held last Wednesday and hosted by TV personality and financial advisor, Sandra Appertey, brought together many award-winning financial analysts and entrepreneurs under one roof to interact and network with Ghanaian youth. Mr. Jourade Quartey of Quartsons Business Solutions and internationally recognized business coach, who was the guest speaker, advised the students to take […]

Financial institutions

New York proposes cybersecurity rules for financial institutions | Sheppard Mullin Richter & Hampton LLP

On July 29, the New York Department of Financial Services (NYDFS) released draft amendments to its Part 500 cybersecurity rules that would impose new obligations on financial institutions with respect to reporting, governance, testing, access management, risk assessment, business continuity plans, among others. . If passed, the new rules would require financial institutions to: notify […]

Financial institutions

Indian financial system: Indian financial institutions rely on the good old system

India is going through a structural transformation that also embraces retro chic. If in fashion the bells are all the rage again, and in Hindi cinema storytelling is back in full force – this time via the streaming platform – then in banking the industry has again embraced the model of institutions Development Banks (DFIs) […]

Financial institutions

Indian financial institutions rely on the good old system

India is going through a structural transformation that also embraces retro chic. If in fashion the bells are all the rage again, and in Hindi cinema storytelling is back in full force – this time via the streaming platform – then in banking the industry has again embraced the model of institutions Development Banks (DFIs) […]

Financial security

Are Small Purchases Really Harming Your Long-Term Financial Security?

Image source: Getty Images Is buying a latte bad for your financial security? Key points Finance experts Suze Orman and David Bach are strong proponents of the “latte factor,” a concept based on redirecting the money you spend on small purchases like lattes back into your investments. 53% of Gen Zers and 52% of Millennials […]

Financial plan

How a financial plan can help you hit your to-do list | News, Sports, Jobs

We spend a lot of time dreaming about our goals for the future. Buying a house, planning a new career, sending kids to college, or traveling abroad are commonplace “bucket list” elements. You may share these aspirations, or perhaps you have a completely different list in mind. Either way, a solid financial plan […]

Financial security

Stokvels is helping a growing number of South African women build their financial security

In the early 19th century, farm laborers who wanted to own cattle pooled their resources and bought cattle were then known as cattle fairs. Now commonly referred to as stokvels, these collaborative, community-based pooled finance structures remain an integral part of South African society to this day. According to the National Stokvel Association of SA […]

Financial literacy

#1666: Financial literacy is a good investment for American students

Next Gen Personal Finance, a nonprofit co-founded by Tim Ranzetta and Jessica Endlich, aims to enlighten students on financial literacy, from budgeting to investing. Currently, about 8 states have guaranteed at least some kind of financial literacy course in their public school curriculum. But Ranzetta sees an opportunity to expand that further, a goal he […]

Financial institutions

IFAD-VCDP trains financial institutions to improve rural farmers’ access to credit facility in Kogi

The Federal Government of Nigeria (FGN), in collaboration with the International Fund for Agricultural Development (IFAD), has formed financial institutions having a Memorandum of Understanding (MoU) with the Value Chain Development Program (VCDP) in Kogi State. Speaking at the training center on Friday in Lokoja, IFAD-VCDP State Program Coordinator Dr Stella Adejoh said the training […]

Financial institutions

Pakistan floods: Global financial institutions and donors pledge $500 million for flood relief

Islamabad, August 26: As Pakistan faces its worst destruction, devastation, humanitarian crises and disasters from flash floods and torrential rains; Global financial institutions and donors have responded to Prime Minister Shehbaz Sharif’s call for help for flood victims, announcing more than $500 million in aid. It comes at a time when floods, downpours and torrential […]

Financial institutions

Financial Institutions, Law Enforcement Agencies, and Federal and State Prosecutors Unite to Raise Awareness of Senior Citizen Fraud and Other Financial Scams | USAO-CDIL

SPRINGFIELD, Illinois – In an effort to protect some of our most vulnerable citizens, financial institutions and federal, state and local law enforcement agencies in Springfield are joining together to help educate and prevent financial crimes, especially those committed against the elderly. The effort includes a series of educational events at financial institutions and a […]

Financial literacy

Get Money, Protect Your Money: Free Guide to Financial Literacy

Do you have financial knowledge? Wondering what’s the difference between a 401(k) and an IRA? Want to know how to save for an emergency? What is this cryptocurrency about? How can you avoid investment or charity scams? The Georgia Secretary of State Securities Division published a free online manual, “Investor and Financial Literacy Guide: Strategies […]

Financial security

The lingering impact of the pandemic on financial security

A recent study published by Northwestern Mutual explores the attitudes and behaviors of American adults toward money, financial decisions, and broader issues affecting their long-term financial security. Investors and savers today continue to grapple with the pandemic, inflation and economic uncertainty. As a result, many adults have adjusted in their financial lives by improving their […]

Financial institutions

Featurespace Blocks Fraud Attacks for Financial Institutions with AI and NVIDIA GPUs

E-commerce sales have soared as more people shop remotely, spurred by the pandemic. But the push has also led fraudsters to use the opportunity to rip off retailers and customers, according to David Sutton, chief analytics officer at fintech firm Featurespace. The UK-headquartered company has developed AI-based technology to increase the speed and accuracy of […]

Financial literacy

Board plans financial literacy session | New

TIFTON – The Town of Tifton is teaming up with various financial organizations for a special lesson in money management. City officials have scheduled a financial literacy discussion for Oct. 6, with help from organizations such as the Federal Home Loan Bank, Money Management International and the Georgia Bankers Association, to set up a financial […]

Financial institutions

Aon: and Jupiter Collaborate to Address Climate Volatility for Global Financial Institutions

LONDON, August 25, 2022 – Aon plc (NYSE: AON), a leading global professional services firm, announced a collaboration with Jupiter, a leading provider of data and predictive analytics for climate risk management and resilience, that will help institutions global financial institutions to manage the increased volatility resulting from climate change. Financial institutions in many jurisdictions […]

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 plan

4 tips to keep your financial plan on track when supporting loved ones financially

Estimated reading time: 6-7 minutes When it comes to your money, knowing your limits is key. This is where the financial planning process can be so valuable. It allows you to take a deeper look at your financial situation, with clear steps to get you from where you are now to where you want to […]

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 […]