The short term lending industry has dealt with a good amount of negative pr over the past few years. Many in the media are quick to put what is commonly known as “payday loan” industry under the microscope. They convert the fees the lenders charge to an annual percentage rate (A.P.R.) and show it in … Read more
Lending was among the first areas of finance to be disrupted by technology. This led to the lending market shifting from traditional financial institution to fintech companies providing alternative lending options. Fintech companies are changing the traditional lending methods by utilizing data and technology. Their lending process is faster, easier and more accurate and thus … Read more
Financial data is the most popular target among cybercriminals in the information space. The criminal business, as well as the legal one, is aimed at obtaining and maximizing cash profits, and the most profitable data is at the financial organizations’ disposal. Unlike cyberattacks on critical infrastructure, attacks on banks, credit, and financial cooperatives are carried … Read more
While trading forex can be an endeavor that’s equally as exciting as it is profitable, it is also connected to a certain risk. Some of that risk is unavoidable and the reason forex trading is so exciting. Other risks can be limited and controlled by skill, stop-loss, and other practical tools and features. Then there … Read more
Whenever a company decides to expand into a new jurisdiction, there are many factors that need to be considered, including the local laws, the potential customer base, logistics, and the payment methods that are available and preferred in the area. As receiving payment is, effectively, the reason why a company would expand into a country, it’s … Read more
Aside from some changes here and there, the world of banking has remained much the same for years. We tied our currencies to the gold standard and later stopped doing this, the US and UK introduced the Bretton Woods System, the US went through Nixon Shock and the UK through decimalization, how we’ve looked at money has generally … Read more