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Wealth Growth Compound Interest The Cornerstone of Wealth

Fri, 29 Sep 2023 12:50:01 +0600

Compound Interest The Cornerstone of Wealth Growth

In the realm of personal finance, understanding the concept of compound interest is akin to unlocking a secret treasure chest that has the potential to significantly grow your wealth over time. As a fundamental principle in financial planning for beginners, wealth growth compound interest plays a pivotal role in shaping one's financial journey. Before delving into its importance, let's unravel the essence of compound interest.

Understanding Compound Interest

Compound interest is a powerful financial concept where the interest earned on an initial investment, or principal, is added to the principal, and the subsequent interest is calculated based on the new, larger amount. This compounding process creates a snowball effect, causing wealth to grow exponentially over time. The magic lies in the fact that not only does the initial investment generate interest, but the accumulated interest also generates interest, leading to a compounding effect.

The Power of Compounding: A Key to Wealth

Imagine planting a seed in fertile soil. Initially, there's a small sprout, but as time passes, it grows into a robust tree. Similarly, compound interest starts modestly but gains momentum, resulting in substantial wealth accumulation. This compounding phenomenon is the bedrock of the best investment strategies, as it allows individuals to harness time as their ally in growing their financial portfolio.

Personal Finance Tips: Making Compound Interest Work for You

Incorporating compound interest into your personal finance strategy requires a long-term perspective. Start early, and even small contributions can make a significant impact over time. Whether you're considering savings accounts, investment portfolios, or retirement funds, the key is consistency. Regularly contributing to your investments ensures a continuous cycle of compounding, amplifying the growth of your wealth.

Best Investment Strategies: Diversification and Compound Growth

One of the best investment strategies is to diversify your portfolio, incorporating assets that offer the potential for compound growth. Diversification spreads risk and ensures that various investments contribute to the compounding effect. For instance, a mix of stocks, bonds, and real estate can create a balanced portfolio that benefits from different rates of return, enhancing the power of compound interest.

How to Save Money: A Proactive Approach

Saving money is the precursor to wealth accumulation. By adopting a proactive approach to saving, you create the pool from which compound interest can work its magic. Allocate a portion of your income to savings, and consider setting up automatic transfers to investment accounts. This disciplined approach aligns with money management tips for beginners, laying the groundwork for financial success.

Credit Score Improvement Tips: Mitigating Debts

Compound interest is a double-edged sword when it comes to debts. While it can work in your favor when investing, it can also amplify the burden of high-interest debts. Credit score improvement tips often emphasize the importance of paying down debts to mitigate the adverse effects of compound interest. Prioritize high-interest debts to prevent them from snowballing and eroding your financial health.

Canada-Based Fintech, Chimoney Rebrands, Add New Features as It Joins 2022 Collision

Wed, 15 Jun 2022 15:47:41 +0600

Toronto, Canada, Jun 15, 2022 — Chimoney, a Canada-based Fintech facilitating global bulk disbursement with flexible options and payment infrastructure has announced new brand messages and repositioning for the inclusion of new features. The startup which previously facilitated disbursement on its intuitive dashboard will now enable disbursement through Slack and more daily-life platforms and with global businesses to unleash their utility by integrating with Chimoney’s super API.

Speaking on the rebranding and inclusion of new features, Atchima Munpakpien, Head of Marketing said that the rebranding and new features were a part of an effort to simplify the website, improve the user experience, and offer more solutions to a wider range of users. The brand is now seen as the comprehensive infrastructure for any kind of payment chain.

“We're upgrading the website experience as we move from a gift of choice or flexible gifting platform to payment infrastructure, covering ChiPay, which is an exclusive bulk payout system but still personalized and ChiConnect, a plug and play API for businesses to enable their users to cash out in-app assets to over 300 gift cards, airtime, mobile money, banks, and more. With the new design practices joining the force, the releases aim to facilitate easier navigation and faster transactions,” she explained.

To add more excitement to the integration world, one of the new features will allow businesses and organizations to send perks or payments that can be redeemed into anything—cryptocurrencies, mobile money, airtime, gift cards, and others—without leaving Slack.

The futuristic company is also preparing to join the 2022 Collision starting June 20. The Collision Conference is one of the premier technology conferences in North America which has seen some of the biggest founders and CEOs since the first edition in 2013.

For the 2022 edition, Nicolas Cary, CEO, and founder of Blockchain, Thomas Dohmke of Github, Chris Best of Substack, and Flori Marquez of Bloc-fi among other prominent founders, innovators, partners and are expected.

Commenting on the start-up's participation in the conference, Uchi Uchibeke, Chimoney's founder stated that as a company offering API for global payments and exchange of value between crypto and traditional finance, Chimoney is excited to connect with other global startups and share its ambition to increase the utility of crypto and stored value globally.

About Chimoney

Chimoney is the payout platform and API that works globally by enabling organizations to payout to one or thousands of individuals with their email or social media username. Chimoney supports digital assets like cryptocurrencies, gift cards, mobile money, and airtime and is used worldwide by employers, event organizers, student groups, experiential marketing companies, and more. Learn more about Chimoney at chimoney.io.

Press Contact

Chi Technologies Inc.

Toronto, Ontario, Canada

Email:mariam@chimoney.io

Twitter: www.twitter.com/chimoney_io

Website: chimoney.io

Quick business loans - forwardfunding

Wed, 08 Jun 2022 05:08:30 +0600

Looking for a business loan to grow your organization, then you are in right place. Forward Funding is a quick business loan in Australia. We are having 25 years of experience in business lines and provide free-thinking solutions to help businesses grow. Need funds to maximize your ability to get equipment, vehicles, or line of credit loan. No matter how big or small an organization you are having or working with, they access to finance from companies all over Australia with reasonable rates and plans. We offer a range of flexible financing options that can help to make your plans a reality. Choose the loans that fit your company like Business loans, Chattel Mortgage, Rental and Sales, and leaseback. At forwarding funding, we can do two types of documentation if you don’t have extensive documentation then you can get up to $75000. If you require a large piece of equipment and have the ability to demonstrate they can pay the purchase then you are requiring full documentation approval and get up to $10 million. Helping more than 6000 people get loans, leases, and lines of credit with the help of a large and satisfied client database stretching across every industry with 200 employees. With the help of forwarding funding, you can get funding for equipment, vehicles, unsecured cash loans, and a line of credit.

Forward Funding maximizes your ability to get equipment financing. No matter how big or small your business, we access to finance from companies all over Australia. Best rates, Best deals.

You have choices

Business Loans

Chattel Mortgage

Rental

Sale and Leaseback

You have choices

Low-Doc – You may be able to apply for up to $75,000 without

financials' being provided

Full Doc – Clients purchasing larger pieces of equipment with the ability to demonstrate they can pay for the purchase

What are you waiting for? Just visit our website and take advantage related to the business loans Service:-

https://forwardfunding.com.au/

Infrawhite Reveals Investment Scam Tactics

Thu, 02 Jun 2022 21:26:42 +0600

Infrawhite Limited is a recovery intelligence company that offers a full range of asset recovery services through specialised business intelligence gathering. We offer the same level of experience and expertise as you would expect to find at a large city law firm, with state-of-the-art case management technology. We have a worldwide concentration and a universal customer base all through North and South America, Europe, Africa, Asia, and Oceania.

Investment scams usually follow predictable patterns. Of course, they’re scams! These include mouthwatering offers like quick returns, unbelievably high yields (ROIs), promises of little to no risks, and such. It is good to be wary of offers like these, and keep in mind that if it sounds too good to be true, then it probably isn’t true. Most investment scams want you to feel the urgency in their offers, so you either don’t have the time to research on them, or you don’t bother anyways. They bank on people’s Fear of Missing Out (FOMO) to rob them of their money. For this reason, before committing to any investment, seek professional financial and legal advice from an FCA or PRA registered financial advisor or fraud prevention and management organization.

The following are some common types of investment scams to watch out for:

Cryptocurrency scams: it is hard to differentiate legitimate cryptocurrency investments from scams. This is what scammers take advantage of. They contact you out of the blue and offer you juicy investment opportunities that promise high returns in a short period with little to no financial risk. They usually require you to bring in new people and thus promise recruitment rewards. These types of investments are usually Ponzi schemes, in which new users are paid with funds from existing users. They are not real investments and will surely collapse when the influx of new users stops. The administrator(s) will disappear and unpaid funds will be irrecoverable.

Celebrity endorsement scams: scammers also use the name, image, and personality of popular celebrities to entice people into investing. A celebrity’s image may appear in a pop-up ad claiming to endorse an investment opportunity or that they have made money from it themselves. This is usually without the knowledge of the celebrities themselves and is mostly false.

How Do You Identify Investment Scams? The promise of high returns with low risk involved: again, if it seems too good to be true, it probably is not true. If returns are ‘guaranteed’ with enticingly ‘high returns’, it is probably a scam.

 Unsolicited contacts: someone you do not know may contact you, introducing investment opportunities you can’t possibly ignore. Those are the types you have to ignore.

High pressure: you are made to believe you need to act quickly so as not to miss out. The Fear of missing out (FOMO) is a great tool for scammers, and you should avoid it.

Lack of proper registration credentials: when a financial advisor contacts you and the website does not have proper credentials from financial licensing organizations, then it is probably a scam.

How to Avoid Getting Scammed Do proper research: before committing to any type of investment, do your own research, and confirm that the company is duly registered. You can check FCA’s list of companies to confirm this.

Do not click links from unknown sources: these can be malware sent by scammers to collect your personal information.

Contact a recovery intelligence company: these are companies that can retrieve your funds and investments lost to scams. A good example is Infrawhite Limited https://www.infrawhitelimited.com/

Protect your online presence: you can use two-factor authentication (2FA) on your accounts and malware protection on your devices to protect them from being accessed by scammers.

Contact Us Telephone: +1 727-290-0171, +44 131 357 6113 Email: contact ( @ ) infrawhitelimited dot com Website: https://www.infrawhitelimited.com/ Address: Argyle House, 3rd Floor, Norths, Joel Street, Northwood, Hills, Middlesex, HA6 1NW, UK.

Everything need to know about Binance Coin (BNB)

Thu, 26 May 2022 10:03:08 +0600

BNB or Binance coin is a cryptocurrency developed by Binance. Binance coin was run on the ethereum blockchain technology using the ERC – 20 Protocol, But it subsequently became the Binance chain’s native Coin. It was launched in 2017 with a maximum circulating supply of 200 Million. At the same time, 100 million BNB Coin was provided for the Initial coin offerings then the collection of funds thru ICO was used for branding and marketing purposes, remaining funds are intended to build the Binance ecosystem.

Binance Coin (BNB) Burning:

Due to the initial coin offerings activities 100 Million BNB Coins got staked which makes the actual total supply of the Binance coin smaller in the crypto market. Binance Network planned to repurchase the BNB by spending one-sixth of the revenue and permanently burn the Binance coin which is held in the treasury which is known as “Coin Burn”.This burning activity was held by Binance on a quarterly basis. Here is the List of Coin burning activities for every quarter.

Uses of Binance Coin:

Apart from crypto trading, the Binance coin (BNB) has several uses including the ability to,

1. Pay for travel Bookings (on select websites)

2. Purchase virtual gifts

3. Process Transactions

4. Make investments

5. Make loans and transfers

6. Donation to charity

How to start investing in Binance coin (BNB)?

Investing in Binance Coin (BNB) or any other cryptocurrencies is not harder as you think? Where to invest and ss investment is safe and secure. Don”t worry we are here to help you with a safe and simple investment in Binance coin.

Currently, a lot of investors use centralized cryptocurrency exchanges to buy, sell and trade crypto assets. These cryptocurrency exchanges are great for both professional and Non-professional traders to experience the world-class trading with the benefits like high Liquidity,

advanced trading options and Quick Assistance from the support team.

Koinbazar is one of the world’s wide used cryptocurrency exchanges exclusively for cryptocurrency traders who can access 80+ Cryptocurrencies in different marketplaces. Koinbazar offers primary key features like instant deposit and withdrawals, High Liquidity, Instant KYC Verification, 25K Shiba Inu Giveaway Program, 10K Shiba Inu Referral Program, etc.

What Is a Direct Payday Loan Lenders?

Wed, 11 May 2022 08:05:51 +0600

A lender who offers own finances direct to the consumer; generally ends the role of the middle person, which is called a direct loan lender. It means a direct payday loan lender can instantly make all of his loan decisions, so applying for a loan is quicker than traditional loans.

Consumers who’re experiencing poor/bad credit scores; always have doubts that direct payday loan lenders will accept all aspirants’ requests or not. Don’t be panic. Direct lenders are ready to welcome you to enjoy these credits despite poor credit history. No loan quote will affect scores. So, even though you are irresolute about alternatives, you now need to compare direct lenders.

Improving worrisome credit scores before, you first-of-all need to apply with a direct lender who will give a better opportunity of getting approval of credit. Not only that, but it will also give you access to a wider choice of loan products and pocket soothing interest rates. You can check credit scores and more for the FREE credit scores checker tool on the lender’s website.

To perform a credit check on borrowers’ current or previous credit history isn’t done. Further, lenders are liable to carry out a credit check on all potential clients as part of their liable lending policy or obligation. It lets them look into financial report in a nutshell, and make sure you that the borrower is worth repaying the full amount on time.

There are different loans like unsecured personal loans, secured personal loans, payday loans, short-term loans, 12 month loans direct lenders, guarantor loans et cetera are given to the consumers by direct lenders all over the United Kingdom. Before acquiring one of those, you are to follow some lenders’ designed criteria successfully; like age should be eighteen years, UK citizenship, full-time, part-time, or self-employed with a steady income, and you also should have a bank account in any UK’s bank.

Be qualifier is meant to get an amount ranging from £500 to £5,000 easily applying with payday loans UK direct lenders. Further, repayment is dependent on you how reimburse. There is two method of cash repayment – the first is flexible and the second is to pay the full amount on an installment scheme of 12 months.

Remember: Direct payday loan lenders are available for short-term financial needs not to spend it for long-term pecuniary purposes, since its repayment is strict on assignment date is made between you and selected lender.

https://poundpayday.co.uk/

What Are Same Day Loans Direct Lenders?

Wed, 11 May 2022 06:17:04 +0600

There are generally two ways of availing money; from brokers and direct lenders. The difference between the two is that a direct lender gives money directly, and the broker works as a representative to provide money to borrowers from banks based on commission. Hence, getting a loan from brokers is meant that the borrower has to pay high-interest rates. On the other hand, a direct loan lender is meant that able to take out financial assistance at lower rates.

If need a loan fast, same day loans direct lenders are the best options to make money without more ado. can apply for these credits online by completing a simple application form within five minutes. Submitting the form to the lender, soon will be contacted about loan approval on email or phone. If request is accepted, money will be transferred into bank account within the same day.

Why Choose Same Day Loans Direct Lenders?

It’s important to consider why same day loans direct lenders are helpful, as the credits should only be spent on clearing off emergencies and not as a long-term solution to ongoing fiscal crises. Here in the blog, introduced to some of the main reasons why should opt for same-day loans.

Home maintenance: Repairing a central heating boiler on the blink, a leaking roof, a broken car, or washing machine; necessary household expenses are habitually preciously and look as if least assume them.

Assistance with Rent Fee: Maybe this month has thrown up a few hostile expenses, and can’t make it until payday to manage rent agreement with the homeowner.

Bills: , sometimes, have to pay superfluous utility bills which show up just a little higher than hope. Bills can expand immediately and extensively if left voluntary.

Help in Medical Outlays: Sometimes, have to go through unpleasant expenses when a medical emergency takes place in family. Covering medical expenses is a hard nut to crack when monthly amount has been ended completely. can use a text loans direct lenders to pay such expenses.

How Much Same Day Loans Payout ?

can expect an amount ranging from £100 to £2,500 without pledging assets as collateral in place of the fund. This loan can use for 12 months, and it has a flexible repayment option, or can pay the total sum in monthly installments. Same day loans online depend on qualifications. can complete them when a UK resident, a full-time employee with a steady income, eighteen years old, and maintaining an account in a UK bank.

https://paydaycapital.co.uk/

Why Choose Fast Cash Loans Online?

Tue, 10 May 2022 06:37:41 +0600

Emergency expenses may happen at any time and at that time might not have sufficient funds like most Americans. Fast cash loans online are the perfect options and they may help quickly arrange some funds the same day apply, while banks and street lending agencies are not willing to lend cash in as quickly as possible. So choose nuevacash.com might be able to help with a fast cash loan to make worse financial situation better and facing upcoming unforeseen outlays bravely.

Before decide to apply for a fast cash loan online, recommend that should take some time to search for better loan alternatives and understand the loan requirements and address any unsettled demands that might have.

Fast cash loans online are typically high-interest credits. However, they can still be cut-rate than overdraft fees, outstanding and late payment fees. To look at the rates affixed with these credits offered by , and evaluate rates & terms. Besides, keep on updating rates on credits so should view rates over and over again.

What Are Same Day Payday Loans?

Cash always plays an important role in everybody’s life especially when one is trapped in an unforeseen fiscal crisis. If haven’t enough cash in wallet, then will seek a loan that is paid out the same day. In that case, can choose same day payday loans are better options than other loans since approval rates for these credits are high, and less than perfect credit scores are also considered by associated cash providers. If get application approved, the money provider will make a direct deposit into account as soon as a business day.

Direct deposit loans are typically short-term solutions for unexpected fiscal crises. There are a few steps have to follow to apply for these credits. Find the application form at nuevacash.com and complete it with details like full name, address, active checking account number, email or phone number, SSN et cetera. Double-check to ensure filling entries are accurate.

Submit the online loan form after having proofread it, and immediately share request with trustworthy lenders. They perform no hard credit checks and also don’t require to put collateral against the loan. This is because are a known fast cash provider in the USA. Everybody can access same-day credits 24 hours a day and 7 days of the week, or else suddenly face unexpected expenses.

https://nuevacash.com/

Get Maximize Gst Return & Best ITR Filing Services In Delhi & Ncr | Top CA Services Online - Eazykar

Mon, 25 Apr 2022 06:55:10 +0600

EazyKar is a tax advisory company that provides the experience of going to CA without actually going. Here you get taxperts that manage your tax filing, file your return in a secured manner without any fail.

Daydreamer online service (OPC) Pvt. Ltd. is a parent company of EazyKar.com, owned by Mrs. Krishna Singhal. Our knowledge partner is a reputed chartered accountant firm a M/s Raveesh Singhal and associates, has experience in tax and legal service matters since 2003. We aim to provide every potential customer's filing of legal consultant service in secured and well—mannered, and want to give a secured future. Dedicated to serving our services with the utmost integrity. Get trusted and secured tax filing and return services and advice legally and conveniently with EazyKar.

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Get Budget Credit Collection Services For Small Businesses with Nelson Cooper & Ortiz

Tue, 22 Mar 2022 08:31:41 +0600

CONTACT

Nelson, Cooper & Ortiz, LLC

Street: 9800 Centre Parkway, Suite 800

City: Houston

State: Texas

Zip Code: 77036

Country: United States of America

Telephone: (800) 939-7213

Fax: (800) 557-8195

Website: https://prelitigation.com/

Email: info@prelitigation.com

Houston, Texas March 22nd, 2022; Are you a small business owner looking for a collection agency Houston TX to help with your bad debts? Have you been shying away from hiring experts due to a lack of budget? Nelson, Cooper & Ortiz come to your rescue. They will recover all your stuck money from your old clients at a budget so that hiring them doesn't burn a hole in your pocket. Hiring this reputed agency will make sure that all your losses from the market revolvers and the disrupted cash flow also comes back. Usually, small business owners think that hiring any of the top collection agency will mean speaking a lot to get little debts back. But this company has great options that will suit you and your requirements.

We got to speak to one of the clients of this company and he had nothing but great things to say. Rendall hired their credit collection services when his small business of garments was facing a lot of cash flow issues due to stuck debts. No matter how many times he asked the debtors to pay, they repeatedly ignored him. Nelson Cooper & Ortiz came to his rescue then. He said,"

," I was honestly worried about the quotes. Having heard about the reputed services of this company, I thought they would be out of my budget. But I was pleasantly surprised. They did the work amazingly and got back all my debts."

Like Rendall, if you too want to take advantage of their amazing budget collection services contact them at https://prelitigation.com/contact-us/ now!

Why Hire Nelson Cooper & Ortiz For Getting Back Debts of Small Companies?

They have the right human resources that serve your needs. Depending on the number of debtors you have, their debt recovery services quotes will change. So you don't have to worry about paying extra.
Their experienced and expert team members use state-of-the-art technology and modern techniques to get back your debts as well as retain your old clients. For a small business, recurrent clients are too essential and this company understands it very well.
Their services include great installment payment options so that your old clients are more willing to pay back the debt.

What are you waiting for? Get their expert credit collections service Houston at a budget by dialing 1.800.939.7213 today.

About:

Nelson Cooper & Ortiz is a credit collection agency based in Houston. They have a great success rate in recovering dues from even the most difficult debtors with unique techniques. To learn more about their services click herehttps://prelitigation.com/

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Seneca Capital Partners Closes 3rd Workforce Housing Fund in 4 Years, Significantly Over-Subscribed

Thu, 06 Jan 2022 04:59:16 +0600

Seneca Capital Partners ("Seneca"), a leading national real estate investment firm, announced today the final closing of Seneca Capital Income Real Estate Fund III, L.P. ("Fund III"), significantly over-subscribed at nearly $70 million in total equity raised, well above its original target at $50 million. With leverage, Seneca expects SCIRE Fund III to include $200 million worth of assets - continuing their thesis to own and operate "workforce housing" in major U.S. markets.

Managed by Seneca Capital Partners' investment management company, Seneca Capital Management, the Fund received strong support from existing investors and convincing participation from new investors including: fund to funds, single- and multi-family offices, Registered Investment Advisors and high net worth individuals.

Led by Seneca's Founder and CEO, Rhett Trees, and its COO, Paul Luber, Fund III marks the firm's largest fundraise to date and is a conclusive 2.5x increase from the nearly $28 million of commitments raised for the predecessor fund, Seneca Capital Income Real Estate Fund II, L.P. that closed in September 2019.

Historically, Seneca has looked to acquire workforce housing communities that reside in hyper-growth cities in what they refer to as the winking SMILE states, spanning from Washington, down through Idaho into the sunbelt states with a keen focus on Texas, Florida, and North Carolina with the SMILE ending in Virginia.

"We are grateful for our investment partners' confidence in our team," said Rhett Trees, CEO of Seneca Capital Partners. "The fact that we easily doubled the size of our previous fund in less than 4 months from first close to final close, during a global pandemic, demonstrates the investor appetite and conviction for our firm's track record, real estate expertise, creativity and our early recognition of the significant tailwinds in the workforce housing sector and our ability to provide a path to home-ownership for the hard working Americans who are the backbone of our economy."

Seneca aims to own and operate clean, safe and affordable housing communities with a spotlight on workforce or attainable housing for residents who do not fit into the traditional path to home ownership.

ABOUT SENECA CAPITAL PARTNERS:

Seneca provides exclusive access to unique, income-producing vehicles via long-term relationships with the company principals, Rhett Trees and Paul Luber. The firm's fundamental thesis is to assemble a diversified portfolio of low-risk, high cash-flow real estate assets with the goal of delivering capital preservation, consistent quarterly income paired with equity growth. Seneca seeks to achieve this objective by acquiring, then repositioning under-valued, mismanaged, sub-performing or improperly capitalized income producing real estate assets in the workforce housing sector. Seneca is proudly headquartered in Denver, Colorado.

Disclaimer

Seneca Capital Management is registered as an investment adviser with the SEC. No follow-up or individualized responses to persons in jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements or an applicable exemption or exclusion.

Source: https://www.newswire.com/news/seneca-capital-partners-closes-3rd-workforce-housing-fund-in-4-years-21596133

SEEK COIN Presale Starts January 5th. Here’s all you must know

Tue, 28 Dec 2021 06:20:27 +0600

We have some exciting news for all those who were eagerly waiting to transact in the SEEK COIN and start their journey to Financial Freedom. The pre-sale of SEEK COIN is scheduled to start from January 5th. It will be held on the official website at https://seekcoin.io.

SEEK COIN Pre-sale schedule

The pre-sale of SEEK COIN will be held in five phases, and the coin price increases with each phase. The initial, i.e. phase 1, SEEK COIN price has been fixed at USD $0.05.

The price will increase after each phase completes until the final Pre-sale price of .10 is reached.

The coin price will increase with each sale stage, so the earlier you transact the bigger rewards you can earn. Moreover, all SEEK COIN holders will start receiving dividends from the first day, so the longer you hold the more rewards you receive.

Note: The initial PRIVATE SALE of SEEK COIN is live now for private members at an exclusive price of USD $.0001 per coin.

Post the successful completion of the ICO sale, the SEEK COIN will be first listed on the BAKERYSWAP.FINANCE exchange.

Every phase of SEEK COIN pre-sale will end when the stock (number of coins available for sale in that phase) ends or on the last day of that phase, whichever is earlier. The same will be notified on the website.

Why SEEK COIN

For those who are wondering why they should acquire the SEEK COIN or why it is the right coin for them, here are a couple of benefits you receive by acquiring and holding this coin:

UNLIMITED REAL-TIME DIVIDENDS for as long as you hold the coins. All users who acquire and hold the SEEK COINS will start receiving dividends for every transaction that occurs in the system. That is, every time someone transacts in SEEK COIN, you’ll receive dividends directly in your wallet if you are a holder.
HIGH POTENTIAL TO GROW YOUR HOLDINGS VALUE - SEEK COIN is a deflationary coin and is designed such that its total supply will reduce with time through regular burns (for every SEEK COIN transaction, some coins will be burned), which will reduce supply thereby increasing the coins value, giving a realistic potential for holders to get the best rewards when looking to sell out.

How to participate in SEEK COIN Presale

The presale of SEEK COIN will be conducted on the official website https://seekcoin.io and will start on January 5th. Anyone can participate in the presale by simply purchasing instantly on the website with Binance BSC Coin. If you are not a current holder of Binance BSC Coin instructions will be listed on the website to help you make your purchase.

Remember that the key to acquiring a larger number of SEEK COINS is to transact early. The phase 1 presale has the lowest coin price, while phase 5 has the highest price. Here’s simple math.

(Hypothesis) Say you have $100 to acquire SEEK COIN. If you transact in phase 1 presale, you’ll receive 2000 coins at the rate of $.05 per coin. But, if you transact in phase 5 (at the rate of $.10 per coin), you’ll only get 1000 coins for the same money. Shop early to get the first-mover advantage. Visit https://seekcoin.io/ for details.

Genesis Capital Creator Launches Most Noteworthy Lending Firm to Date

Tue, 30 Nov 2021 07:56:30 +0600

Well-known and respected finance entrepreneur Trixy Castro has launched her newest and most noteworthy enterprise yet, Aureus Finance Group. Ms. Castro is of course known globally for her previous flagship, Genesis Capital. Genesis was sold to Goldman Sachs in early 2018.

Trixy has made a significant mark within the real estate and finance industries as the creator and owner of Genesis Auctions and Genesis Capital. Genesis Auctions purchased Hudson & Marshall, a leading real estate auction platform, in 2015, and Trixy served as the CEO and led the enterprise through its sale to Fidelity National Title in late 2017.

Aureus Finance Group emerges as the newest and most discussed top-tier lending company in the space, for not only the obvious respected history and experience level that Ms. Castro brings to the industry, but the team she has composed. With more than a century of combined expertise in borrower-focused solutions, the Aureus Finance Group has brought executives from Trixy's previous endeavors as well as seasoned and respected leaders from within the space.

Aureus is making waves and disrupting the regular norms of the financial world with its exceptional concierge-style service and savvy for truly customized investment lending. Focusing on a truly end-to-end borrower experience, Aureus offers a range of lending products from bridge loan to fully amortized 30-year term products. From ground-up construction to whole portfolio refinances, Aureus is able to customize the right loan for its clients, all at extremely competitive rates.

Ms. Castro stated: "Aureus is the culmination of what I set forth to do years ago - stitching together a fragmented industry through a broad product suite offering, all the while keeping people at the forefront."

Source: https://www.newswire.com/news/genesis-capital-creator-launches-most-noteworthy-lending-firm-to-date-21557938

Northwestern Mutual: 4 Lower-Risk Ways to Save Money

Wed, 17 Nov 2021 09:54:27 +0600

Saving money is a must-do for those looking to become financially stable. And whether someone is saving for an emergency fund or short-term savings goal, putting funds in the stock market and other investments can be risky. For those who are a bit more risk-averse, here are four lower-risk ways to save money.

High-Yield Savings Accounts (HYS)

Most traditional savings accounts (typically paired with a checking account) earn little to no interest for the average saver. But high-yield savings options can help account holders make much more in interest, at times up to 1%.

High-yield savings accounts are often offered by online banks. Since these institutions have limited overhead costs, they can pass savings to customers with higher interest rates. HYS certainly won't make anybody rich, but they're a low-risk way to set aside money for emergency funds or other short-term goals while still accruing some interest.

Certificates of Deposit

A Certificate of Deposit (CD) is a savings vehicle that requires a short-term commitment in exchange for a slightly higher interest rate. CDs require a lump sum of money to open, then a commitment to a term of anywhere from three months to five years, with longer-term CDs offering higher interest rates.

The interest rate on a CD is fixed, meaning the rate is locked and guaranteed when the account is opened. And that means it's a straightforward, low-risk savings option for those who know they won't need to access funds until the end of the CD's term.

Building Up Cash Value Within a Whole Life Insurance Policy

For people who need a death benefit, a permanent life insurance policy can also offer the ability to accumulate funds over time.

In addition to a death benefit, whole life insurance policies also offer cash value, which increases over time when you pay premiums. Cash value growth within the policy is guaranteed. Another alternative that also has a permanent death benefit payout is universal life insurance, which may work better for people with a more sophisticated financial situation. Both of these are considered permanent life insurance policies.

Anyone interested in the specifics of permanent life coverage should work with a financial advisor that's well-versed in this area to be sure the policy works for their unique financial situation.

Bond Investments

Bond investments are fixed-income investments that involve loaning money to a corporate or governmental entity. These investments can give the corporation or government the funds to grow their business, whether they want to fund a new project or pay off existing debt. Meanwhile, the investor can receive the money back plus interest once the loan is due.

With bond investments, the borrower will issue the bond. This means they can set the loan terms, interest payments, and when the loan repayment is due. Although bonds can have a low rate of return, they can be a safer and lower-risk way to invest and grow money. However, it's important to note that bonds have risks and it's possible to lose money with bonds or bond funds.

The Bottom Line

Whether for an emergency fund, short-term or long-term savings goal, saving money is a necessity. Some of the more low-risk options for savers include high-yield savings accounts, certificates of deposit, cash value within life insurance, and money market accounts. Using one of these options helps to ensure the safety and security of money while still earning the account holder a bit of interest too.

Source: https://www.newswire.com/news/northwestern-mutual-4-lower-risk-ways-to-save-money-21556262

How to Budget for Your Monthly Expenses

Wed, 17 Nov 2021 09:41:36 +0600

iQuanti: Budgeting can be a challenge for many people who feel that a budget is just another word for a restriction. But the purpose of a budget is to help you balance long-term financial goals, like saving and investing, with short-term wants, like taking trips with friends or shopping sprees.

That means the budget you create should provide a healthy balance of allowing you to live your life today with planning for a more financially sound tomorrow. Here's what you need to know about how to effectively budget for your monthly expenses.

Calculate the Essentials

Every budget clearly distinguishes between wants and needs or non-essentials and essentials to figure out how much money you must spend each month to keep your household running. This includes expenses like:

Food: The cost of groceries will definitely go in this category, but the budget for eating out may fall under non-essentials instead.

Housing: Your rent or mortgage payments fall into this category, along with home insurance, utilities, and other bills required to keep your home safe and comfortable.

Insurance: This includes premium payments for health, life, and other mandatory types of insurance coverage. While some people may feel that certain types of insurance like life insurance aren't essential, they definitely are. Knowing how life insurance works is essential to protect your family in the event of your untimely passing. Without this essential, your family could face financial hardship when you're gone.

Transportation: If you have a car, everything that keeps the car running will go here. That includes the cost of gas, oil changes, and auto insurance. Any public transportation costs like taking the bus, metro or Uber also fit here.

Savings/Investing: If you're building an emergency fund or trying to hit a short-term savings goal, be sure to pay yourself first as an essential. The same goes for contributions to retirement plans or brokerage accounts for long-term investments.

Calculate the Non-essentials

You can typically handle the wants section of your budget in two ways.

Create a lump sum "non-essentials" category for whatever comes up.

Divide up into smaller categories like eating out, travel, and entertainment.

Either way you choose to handle it, make sure you plan to leave at least a little space in your monthly budget for short-term wants. Failure to plan for this area of your budget means you may be strapping yourself too much and overspend later in an act of rebellion.

Subtract Expenses from Income

The next task is to add up your monthly income from all sources. That includes any money you earn from a full-time job, side hustle, part-time work, rental income or otherwise. Then, take that number and subtract the total monthly expenses you determined for both wants and needs.

Regardless of which budgeting approach you choose, it's best to try and make a plan for all of your income. That means if your income is $3,000 a month and expenses are only $2,500, you need to plan where that extra $500 goes. If you don't tell it where to go, it often slips away on impulse buys or online shopping.

The Bottom Line

The best budget for your monthly expenses is the one you'll be able to achieve. And budgeting is a process that will morph and change over time. That means you don't need to commit to one budgeting approach for a lifetime. Instead, feel free to take pieces of different ideas to create a budget that works to keep your needs and wants satisfied while planning for your longer-term financial goals too.

Source: https://www.newswire.com/news/how-to-budget-for-your-monthly-expenses-21556263

Deloitte and PERSUIT Announce a Joint Teaming to Transform Legal Department External Spend and Financial Management

Fri, 12 Nov 2021 10:30:40 +0600

Deloitte and PERSUIT announced today they will team up to help corporate legal departments drive legal spend transformation through the combined capabilities of Deloitte's comprehensive legal spend management services and PERSUIT's innovative enterprise platform for procuring legal services.

"Drawing on Deloitte's deep capabilities in legal spend management, paired with PERSUIT's capabilities to transform the process of engaging law firms and reducing legal costs, in-house legal departments can better navigate the process of outside counsel selection and management. We look forward to teaming with PERSUIT to meet the evolving needs of in-house legal departments," said Steven Walker, managing director, Legal Business Services, Deloitte Tax LLP.

Legal departments engage outside law firms and other legal service providers on a daily basis and need tools and technology to help them streamline the processes involved as well as demonstrate value, savings and promotion of improved diversity outcomes across the legal supply chain. Competitive bidding has become increasingly popular as a management technique, but it is hard to manage manually. PERSUIT's technology can help improve the efficacy and efficiency of corporate counsel's management of external legal spend in a centralized, streamlined, automated, and data-driven manner.

Deloitte's Legal Business Services provides specialized services for legal departments in the area of outside spend management and legal procurement transformation, to help them navigate the process, metrics and cultural change needed to take advantage of PERSUIT's full capabilities. Additionally, Deloitte provides technical implementation support for PERSUIT's platform and project management, analytics, and pricing support to help legal department clients with end-to-end outside counsel management.

"By using PERSUIT's technology, legal teams can generate material cost savings and improved diversity outcomes quickly, and accelerate the competitive bidding process through a simple, scalable technology workflow to select the most suitable law firm for a particular matter or portfolio of matters," said Jim Delkousis, CEO and founder of PERSUIT. "Additionally, Global 200 firms are well acquainted with responding to matter pricing on PERSUIT's platform. Deloitte can help legal departments drive these outcomes by implementing and adopting PERSUIT's platform, which in turn, can be used to fund broader legal department initiatives. Teaming between Deloitte's spend management team and PERSUIT's team and capabilities is a watershed moment in this space."

About PERSUIT

PERSUIT is a Software as a Service ("SaaS") company specializing in legal RFP technology. The PERSUIT platform is self-service enabled and an out-of-the-box, cloud-based software application, providing in-house teams the ability to launch matter-based RFPs, RFIs, AFAs, Hourly Rate reviews, and Panel Convergence Programs using industry best practice templates. Request types can be used to drive price competition via real-time bidding to achieve true market pricing every time, delivering consistent savings on external legal spend. For more information, visit www.PERSUIT.com.

As used in this document, "Deloitte" means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

The Deloitte US firms do not practice law or provide legal advice.

Source: https://www.newswire.com/news/deloitte-and-persuit-announce-a-joint-teaming-to-transform-legal-21552264

American Colonial Capital Offers Help with Investment Information and Resources

Thu, 07 Oct 2021 07:56:45 +0600

Newport Beach., September 29, 2021 -- Real estate investing has never been easier. American Colonial Capital has many opportunities to achieve a positive return on investment (“ROI”) in real estate investment. Investments range from REIT investment funds, annuity investments, long-term fixed investment returns, and short-term REIT investments, but there are few opportunities that provide monthly dividend payments paid to investors tied to a real estate and REITinvestment strategy. Now, investors have this unique opportunity to create a monthly income stream as part of real estate and REIT investment strategy and monitor investments in real-time.

American Colonial Capital, LLC offers clients investment information and options and to optimize real estate and REIT investment strategy and realize positive returns on an annual and monthly basis. American Colonial Capital makes the process intuitive by tracking the performance, return on investment, and monthly payments paid directly to investors related to their real estate investment portfolio via an online investment portal that is similar to an online REIT investment calculator.

Everyone realizes that certain real estate investment funds and investment are better than others, and that not all of them yieldthe same return. American Colonial strives to take the guess work out of the real estate investment process and be transparent to investors on how investment are performing.

Shahvand Aryana, American Colonial Capital’s founder and Chairman of the Board stated: “Each real estate investment property has its own inherent value, and one property is often worth more than another. Therefore, in the real estate investment business, it’s essential for performing real estate fund managers to be insightful and have comprehensive due diligence processes in place to allow investors value real estate properties for positive ROI returns over the short, mid and long-term. Even though the elements of each real estate asset varies from property to property, the extensive analysis and due diligence required by the best real estate fund management teams in evaluating each property are consistent to determining true asset value, and this information is shared with investors through an online portal.”

American Colonial Capital offers clients an online dashboard of information and a straightforward investment property calculator built in to evaluate investment opportunities and assist with making intelligent real estate investment decisions. Theproperty investment calculator shows metrics and numbers associated with a real estate property to reach a sound investment decision and the dashboard assists investors in determining the amount of money required to put into a real estate investment related to their individual investment thresholds.

In addition, investors can download the investment property calculator to their mobile device to make calculations on the goand share with friends. This is an important feature for many real estate investors because they make educated decisions in a timely way and now they have a resource at their fingertips for mobile, tablet or smart phone viewing. Using the investment property calculator empowers investors with up to date investing metrics to make informed decisions regarding return on investment in real time.

American Colonial Capital helps clients make educated investment decisions. Their online tools and staff assist clientsevery step of the way to understand how the process worksbefore investing. Ultimately, they take the hassle out of real estate investing, understanding value, and monitoring and tracking real estate investment performance in a direct and transparent manner. American Colonial Capital, LLC (Shahvand Aryana) is a private, real estate, and investment company focused on acquiring, developing, financing, and managing real estate assets. The company takes an asset-based and asset-diversification approach to real estate investing to provide downside investment protection and consistent yield. American Colonial Capital invests in properties for its own account, participates in joint ventures, and provides strategic advice to clients on complex real estate transactions through its affiliates, sponsors, and advisors. To learn more about this approach, strategy, and opportunities to earn competitive returns on real estate backed investments; please visit American Colonial Capital at http://americancolonialcapital.com

About American Colonial Capital:

American Colonial Capital, LLC offers clients investment information and options and to optimize their real estate and REIT investment strategy and realize positive returns on an annual and monthly basis. American Colonial Capital makes the process intuitive by tracking the performance, return on investment, and monthly payments paid directly to investors related to their real estate investment portfolio via an online investment portal that is similar to an online REIT investment calculator.

Contact:

Shahvand Aryana

American Colonial Capital

The Buy-and-Build Private Equity Platform Company

Newport Beach

833-504-6837

Shah@americancolonialcapital.com

https://acc.capital

Top Investment Cryptocurrencies Other Than Bitcoin

Tue, 27 Jul 2021 12:21:21 +0600

When looking to invest in cryptocurrencies, bitcoin is usually the first name that comes to mind. And why not? It’s the most popular cryptocurrency out there. Founded more than 10 years ago, bitcoin is still the undisputed king of the crypto market, with a market cap of almost over a trillion USD. But, that doesn’t mean it’s the best or only cryptocurrency for investment out there.

Inspired by the success of bitcoin and to overcome its limits, many new cryptocurrencies have been created in the past decade or so. Collectively known as altcoins, many of these coins are as good, if not more, as bitcoin and can make a wonderful investment choice, both for beginners and institutional investors.

In this article, we will talk about some top altcoins for investment.

How to find the best cryptocurrency for investment

To be able to find the right coin for investment, one needs to have a basic knowledge of the crypto market, including how blockchain works, as well as the ability to analyse a cryptocurrency for factors such as:

Uniqueness and feasibility of the cryptocurrency concept
The team behind the coin
The project community
Tokenomics - total supply, circulating supply, price, market cap, trading volume, etc.

Here are some of the best cryptocurrencies that you can invest in.

1. Libra Coin (LC)

Libra Coin is a digital currency that was created as a utility token for the Libra Ecosystem, which is a decentralized platform for e-commerce. The Libra Ecosystem comprises tools, products and services for the development of decentralized applications, including smart contracts, for the betterment of the e-commerce industry. Besides that, the platform provides a comprehensive crypto-backed digital payment system that can be readily integrated into existing e-commerce systems for secure and low-cost global payments. Find out more at https://libraecosystem.com/

2. Ethereum (ETH)

Founded in 2015, ETH is now the second-biggest cryptocurrency in the world. Unlike Bitcoin, which is a pure payment-focused digital currency, ETH is more focused on promoting and increasing actual uses of blockchain technology for creating advanced decentralized applications and smart contracts. In fact, the Ethereum blockchain is publicly available for anyone to build their own customised applications based on Ethereum.

3. Cardano (ADA)

Cardano is a relatively newer but fast-growing cryptocurrency that is based on the proof-of-stake consensus. ADA was created by a team of engineers and blockchain scientists through extensive research and review of existing peer-to-peer systems and to overcome the limitations of existing cryptocurrencies, particularly Ethereum.

4. Tether (USDT)

Tether is a stable coin, i.e. a cryptocurrency whose value is relatively stable and linked with the value of the US dollar. Unlike regular cryptocurrencies that are volatile in nature, i.e. whose prices may change abruptly, the market value of USDT remains fairly stable, the same as the US dollar. The major benefit of investing in Tether is that you get access to global cryptocurrencies without all the volatility.

5. Binance Coin (BNB)

Binance Coin is a utility cryptocurrency that was created as the native coin for the Binance crypto exchange. Initially, the coin was used by the platform users for paying the trading fee and other platform charges, but now it’s a fully-fledged digital currency and can be traded against many top coins, including bitcoin and ETH. As the native cryptocurrency of the world’s biggest cryptocurrency exchange, BNB is likely to be a good investment for the future.

So, that’s all about the best alternatives to bitcoin for anyone looking to invest in high-potential cryptocurrencies. Know that the crypto space is changing very frequently, and new coins are emerging almost every day. So, keep yourself updated and keep researching the market to find and invest in the best altcoins.

Zen Invest veröffentlicht eine neue Whitebox.eu Erfahrungenund vergibt 4 von 5 Sternen für die Plattform

Fri, 02 Jul 2021 13:35:31 +0600

Frankfurt, Deutschland - Zen Invest hat kürzlich ein neues Whitebox erfahrungen über den Roboadvisor veröffentlicht. Der Testbericht geht detailliert auf das Angebot des Roboadvisors ein, das für Kunden mit Wohnsitz in Deutschland verfügbar ist, die investieren und ihr Vermögen vermehren möchten.

Whitebox ist eine führende Roboadvisor- und Vermögensverwaltungsplattform für Kunden in Deutschland und wurde 2014 gegründet. Der Kontoeröffnungsprozess wurde im Zen Invest Testbericht als "einfach und unkompliziert" bezeichnet.

Whitebox wurde im Whitebox Testbericht als "Bestes Kunden-Onboarding" bewertet, was auf den schnellen und einfachen Registrierungsprozess, die Kontoeinrichtung und die einfache Bedienung innerhalb des Kontos zurückzuführen ist.

Der Testbericht konnte den kompletten Kontoeröffnungsprozess bei Whitebox zeigen, Schritt für Schritt, von der Homepage bis hin zur Ansicht eines Live-Kontos.

Mit diesem einzigartigen Ansatz hebt sich Zen Invest von der Masse der Blogs und Webseiten in Deutschland ab, da der Testbericht detailliert auf die Vor- und Nachteile von Whitebox eingeht und zeigt, was genau Nutzer erwarten können, wenn sie ein Konto eröffnen.

Zen Invest ist ein neuer unabhängiger deutscher Finanzblog, der ein aufstrebendes und wachsendes deutsch- und englischsprachiges Publikum hat.

Der Blog bietet Anleitungen, Bewertungen und ausführliche Informationen zum Thema Investieren und Online-Trading und wurde von einem erfahrenen Anlageberater mit Sitz in Frankfurt gegründet.

Der Blog erhebt nicht den Anspruch, ein Finanzberater zu sein oder Ratschläge zu erteilen. Zen Invest ermöglicht es den Lesern, sich über die grundlegenden, weiterführenden Themen zu informieren, um die ersten Schritte zum Verständnis des Investierens und zum Aufbau ihres Vermögens zu machen.

Zen Invest vergleicht auch andere Plattformen und Finanzdienstleistungen, die in Deutschland lebenden Menschen zur Verfügung stehen, wie z.B. Pensionsfonds, Handelsplattformen und Roboadvisors zur Abwicklung von Investitionen.

Der Blog arbeitet außerdem mit einer Reihe dieser Anbieter zusammen, um exklusive Rabatte, Aktionscodes und Willkommensboni anzubieten, die direkt auf der Seite aktualisiert werden und in den Rezensionen sichtbar sind.

Zen Invest entwickelt sich schnell zu einem führenden deutschsprachigen Finanzblog aufgrund der Tiefe und Ausführlichkeit der Rezensionen, wie z.B. die jüngste Whitebox erfahrungen, die kürzlich veröffentlicht wurde.

Wer mehr über Whitebox erfahren möchte, sollte sich den Whitebox Testbericht ansehen, um weitere Informationen zu erhalten.

Über Zen Invest

Zen Invest ist eine persönliche Finanzen und Investitionen Blog-Setup zu helfen, Neulinge zu verstehen, wie man mit der Verwaltung ihrer Finanzen beginnen. Für persönliche Finanzen Leitfäden, how to's und roboadvisor Bewertungen, Zen Invest bietet umfassende und unparteiische Blog-Artikel zu erklären, was Sie wissen müssen.

Egal, ob Sie selbst Aktien kaufen oder einen Roboadvisor nutzen, um dies automatisch zu tun, Zen Invest hofft, praktische und kostenlose Ressourcen zu den Optionen bereitzustellen, die für Investoren in Deutschland verfügbar sind.

If open banking were a colour - it would be green

Tue, 15 Jun 2021 15:40:22 +0600

Did you know that approximately 94% of European citizens believe that protecting the environment is very important, while only little over 80% of them would agree to be part of actions protecting the environment? 80 percent doesn’t seem enough, considering that environmental damage is increasing daily. The good news is that things have begun moving in a better direction, and open banking is partly to “blame” for it. Its major scopes revolve around providing greater financial transparency and innovative services but its positive impact goes beyond that.

Although open banking has been around for several years now, we’ve recently witnessed greater adoption globally, as digitalisation became a worldwide priority. Plenty of services migrated online. Individuals and businesses have experienced the sweet taste of online operations and they aren’t willing to give that up. Companies and institutions are riding the open banking wave - a wave that the majority of consumers is intensely encouraging, especially now, when this majority consists of millennials.

For them, words like “sustainability”, “eco”, “green” mean much more today than yesterday. All sectors are going through this transformation, including banking.

This digitalisation-process has been strongly enhanced in the past years, taking a big leap forward. Open banking is a phenomenon embraced by countries around the world, helping financial institutions, from banks to lenders and accounting services, digitalise their operations and use less plastic and paper than ever.

When banking gets its eco-shot

Fintech’s concept has seriously evolved ever since its appearance, including with the help of open banking. As time passed and open banking regulations began to be adopted globally, the fintech services range became wider, now embracing lending, PFMs, loyalty programs, insurance, bookkeeping, etc. Accordingly, in a quite short period, banking and financial services got injected with some green DNA, thus affecting and perturbing other economic sectors.

While at a first sight connecting open banking to ecology seems complicated, looking deeper, you’ll notice that it has become a big part of a conscious lifestyle and business, at multiple levels.

Green is the new black

We hear “green” more often nowadays and it doesn’t refer exclusively to the happy colour. Green businesses, green credits, green investments, green everything - companies from all over the world are adjusting their strategies, offerings, and marketing targets towards more than just making a profit. They want (and need) to be in-line with what most consumers expect - sustainability. From their perspective, open banking has played an important role in digitisation.

Innovative open banking services have a direct positive impact on the accessibility of natural resources and their rational usage. Just look at how open banking has helped businesses transfer offline operations to the online environment, replacing traditional ways that required tremendous amounts of paper.

Here are some of the most common open banking use cases and how they directly support sustainable development:

Open banking in lending & credit risk analysis leading to financial inclusion

Businesses like Credit Hero and Lendex have turned to Salt Edge for open banking solutions to ensure a wider financial inclusion for their customers. This is probably the domain where open banking has the most noticeable impact, allowing individuals and businesses access to funds otherwise unreachable to them. Using open banking data enables lenders to give a second chance for credit approval to potentially great loan-applicants who have initially been rejected simply due to lack of credit history (first-time borrowers, migrants). Besides, open banking cancels potential manipulations in physical bank statements, while helping financial institutions save on fraud decisioning, underwriting, or credit risk related issues. Lenders see the authentic financial picture of potential borrowers and tailor their offering to the real-time status-quo.

2. Open banking in PFMs contributing to a more responsible financial behaviour

We live in a consumerism era. And, while most of us don’t even realise it, PFMs like Spendee, MoneyWiz, and Planner Bee manage to comprise all bank data based on open banking capabilities and transform it into a picture detailing the users’ financial behaviour and the areas that need adjustments. Thus, end-users can shift from reckless expenses to a more rational, sustainable lifestyle.

What we’ve carefully observed throughout our clients is that, by leveraging open banking possibilities, their companies become more viable. This is obvious, since open banking contributes to preserving ecology balance by:

Stimulating behavioural changes
Cutting down on unjustifiable consumerism
Enhancing green finances (green lending & investing)
Improving financial inclusion for underserved categories by simplifying bank data sharing even across continents, for expats, and introducing alternative reliable data sources for credit analysis for people with thin credit file
Reducing the plastic cards and cash use.

Changing the traditional banking paradigm became possible because of many factors: the obvious increased competition but also the concerns regarding the environment we live in and the upcoming generations' future. All this has catalysed the global digital revolution, forcing the banking sector to catch-up. This is where Salt Edge pitches in: we stand for helping businesses become more viable and sustainable: short, medium, and long term. Sustainable businesses lead to overall sustainable development. And that is what we all want.

About Salt Edge
Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries

More information: www.saltedge.com
Phone number: +1-437-886-3969
Email: press@saltedge.com