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Citi Is Sued by New York State Over Account Transfer Fraud

The New York Times: Banking

New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.

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Zero Balance Current Account: A Quick Explainer

Razorpay

Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?

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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.

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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

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IMPS vs NEFT: Difference Between IMPS and NEFT Fund Transfer

Razorpay

Electronic Fund Transfer (EFT) is a method of transferring money from one bank account to another without using physical cash or cheques. IMPS is a system that allows online money transfers between different banks using mobile devices, Internet banking and ATMs. What is NEFT (National Electronic Funds Transfer)?

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Razorpay set to save Indian Exporters $5 Billion, launches MoneySaver Export Account

Razorpay

But no longer! Introducing Razorpay’s MoneySaver Export Account Razorpay proudly announces the launch of MoneySaver Export Account, an exclusive offering for Indian exporters. MoneySaver Export Account ensures that Indian exporters can offer their global customers a local banking experience, across 200+ countries.

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UK gets top spot in Europe for venture capital funding

Growth Business

A report from HSBC Innovation Banking (formerly Silicon Valley Bank UK) and Dealroom found British start-ups came ahead of France and Germany, which raised $8bn and $7bn respectively. It means that globally, the UK is behind only the US and China for start-up VC funding, which have seen $127bn and $39bn invested this year respectively.

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