How to Keep Your Bank from Canceling All Your Accounts
The New York Times: Banking
NOVEMBER 18, 2023
Banks have suddenly shut down the accounts of scores of customers. Here’s how you can avoid becoming one of them.
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Sharing Bank Accounts Can Deepen a Couple’s Relationship
The New York Times: Banking
FEBRUARY 9, 2025
Fewer couples are combining their bank accounts. But that trend may not promote partners overall financial health, experts say.
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Zero Balance Current Account: A Quick Explainer
Razorpay
JANUARY 19, 2024
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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Banks Should Have Better Customer Relations When Closing an Account
The New York Times: Banking
DECEMBER 30, 2023
When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.
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How to raise first equity finance for your business
Growth Business
JUNE 29, 2023
The objectives you set for the business will dictate the type of finance you should raise: the two key options being equity (selling shares in your company) and debt (borrowing from a bank or financial institution). In order to raise equity finance, you need to set up a limited company that is registered at Companies House.
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Checking Account – Meaning & How Does it Work?
Razorpay
MARCH 27, 2024
What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year
Mergers and Inquisitions
DECEMBER 4, 2024
It mixes public finance , project finance , real estate , and infrastructure. It does help to have industry experience in one of the related sectors (tech/TMT, real estate, infrastructure, public finance, etc.), Deals could be done on a corporate level (i.e., and most people are better served by working in one of these first.
Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024
Global Banking & Finance
FEBRUARY 29, 2024
Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024 In January 2024, Citigroup was sued for its weak security measures against fraud.
Quiz: Would You Close This Bartender’s Bank Account?
The New York Times: Banking
DECEMBER 9, 2023
Here’s what bank security employees might be thinking when deciding whether to shut down a customer account after detecting unusual activity.
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What are Corporate Accounts? Meaning, Benefits & Types
Razorpay
MARCH 18, 2024
A business owner must keep the funds intended for the business separate from their personal finances. What is Corporate Account? A corporate account is a bank account one can open in the name of a business. Read on to learn the vital details associated with a corporate bank account. Explore RazorpayX 2.
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Startup Current Account: The Best Way to Bank for New Age Businesses
Razorpay
MARCH 19, 2024
Many startup founders initially feel that they can manage their organisation without having a current account. However, sooner than later, they would realise they require a current account to facilitate streamlined withdrawals, deposits and other business transactions. Let’s get right into it. What is a Startup Current Account?
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Banks Offer Bonuses for Customers Opening New Accounts
The New York Times: Banking
SEPTEMBER 13, 2024
Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”
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IMGC to focus on strengthening partnerships with finance institutions: CEO
Business Standard - FInance
JUNE 13, 2023
India Mortgage Guarantee Corporation (IMGC) would focus on strengthening partnerships with banks and financial institutions, a top official said on Tuesday. In FY2022-23, IMGC doubled its market share in South India accounting 30 per cent of all originations in the region.
What to Know About Writing Checks While Preventing Fraud
The New York Times: Banking
JANUARY 7, 2024
Should you keep a separate checking account for writing checks? Is there a specific pen you should use? We answer some reader questions.
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What is a Neobank? Everything you should know
Razorpay
JUNE 18, 2023
Fintech is the future of finance, and neobanking is the future of fintech. Long waiting times, security issues, and fixed working hours are a few of the problems plaguing legacy financial institutions today. Before we dive into whether neobanks are better than legacy finance, do we know what neobanks are?
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The Top 3 Mistakes To Avoid With Your 401(k)
The New York Times: Banking
JULY 27, 2024
Here is what experts say are the costliest stumbles people make with their retirement savings accounts — and how to get back on course.
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Statement of Cash Flow
Wall Street Mojo
JANUARY 17, 2024
Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period. read more.
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High-Yield Savings Accounts Are Still a Good Deal
The New York Times: Banking
NOVEMBER 22, 2024
Interest rates have been falling, but deposits are earning more than inflation.
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What is Leadership? Examples in Finance and Key Traits
Peak Frameworks
JUNE 27, 2023
In this article, we delve deeper into the critical leadership traits that define top-performing finance professionals and drive forward organizations on the path of growth and success. Emotional Intelligence Emotional intelligence is a crucial leadership trait in finance that often goes overlooked.
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The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall
The New York Times: Banking
MARCH 23, 2024
A financial firm told an account owner that it had turned over her money to the state. When she filed a claim, something strange happened.
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How banks can mitigate cloud security threats
Global Banking & Finance
OCTOBER 7, 2024
Furqan Siddiqui, SOC Operations Officer at Obrela As custodians of sensitive financial data, banks and financial institutions face several cloud security threats that demand security controls and mitigation strategies.
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When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card
The New York Times: Banking
JUNE 6, 2024
Then it reviewed his account activity. Last year, JPMorgan Chase wanted to pay Mansoor Shams a low-six-figure salary to work in a marketing role.
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What is Organizational Development? (Overview, Definition, and Examples)
Peak Frameworks
SEPTEMBER 11, 2023
Case in point: JP Morgan Chase utilized an OD strategy to manage the tumultuous transition during the 2008 financial crisis, demonstrating the potential of OD in the face of adversity. Change Management The financial sector is subject to constant change due to evolving regulations, market dynamics, and technological advancements.
RBI directive on one-time-settlement with defaulters can derail banks: MP
Business Standard - FInance
JUNE 22, 2023
The RBI circular permitting banks to enter into a one-time settlement with wilful defaulters poses a significant risk to the stability of financial institutions in the country, the CPI MP Binoy Viswam has said. This circular poses significant risks to the stability of our financial system," he said.
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Your Identity Has Been Compromised. Now What?
FineMark
SEPTEMBER 20, 2023
If you’ve discovered your identity has been stolen, there are steps you should take immediately to minimize the damage and protect your identity, finances, and credit score. You may want to start by calling your bank and other financial institutions to let them know what’s happening.
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Understanding Debit Card EMI: A Guide to Smarter Spending
Razorpay
JANUARY 15, 2025
Debit Card EMI is a financial service offered by banks and financial institutions that allows debit cardholders to split high-value purchases into manageable monthly instalments. Unlike traditional credit-based financing options, Debit Card EMI requires no credit card. What is Debit Card EMI?
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What is Banking?
Razorpay
JUNE 8, 2023
A bank is any financial institution that helps people and businesses store, invest and borrow money. Apart from being a safe place to keep money, banks also provide savings accounts that give the account owner interest on their deposit so that the money is not sitting idle. What is Banking? How do Banks Work?
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How Bank Reconciliation Helps Businesses?
Razorpay
MAY 17, 2023
Bank reconciliation refers to the process by which the bank account balance of a business entity is reconciled with the amount recorded by financial institutions in the latest bank statement. A bank reconciliation statement ensures that all payments are processed and the required cash is deposited in the bank account.
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What Is eMandate: Meaning and How Does It Work?
Razorpay
MARCH 21, 2024
A mandate is a standard instruction that you provide to your issuing bank and other institutions allowing them to automatically debit the mentioned amount from your bank account. This ensures that the payer is the owner of the bank account and agrees to the terms and conditions of the e-mandate.
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Certificate of Deposit (CD)
Wall Street Mojo
JANUARY 18, 2024
Certificate of Deposit Explained A certificate of deposit account is a kind of fixed tenure investment instrument offered by banks, credit unions, and brokers working for a financial entity. Usually, a CD is understood as a kind of savings account that offers a higher interest rate than an ordinary savings account.
SWOT Analysis: A Framework to Analyze Strengths, Weaknesses, Opportunities and Threats
Peak Frameworks
MAY 23, 2023
The 2008 financial crisis was a significant threat to many financial institutions in the U.S. Practical Application of SWOT Analysis in Finance SWOT Analysis is a versatile tool, equally applicable in Investment Banking, Private Equity, and Corporate Finance.
What Is an Electronic Payment System & How Does It Work?
Razorpay
NOVEMBER 30, 2023
Besides, electronic payment systems have revolutionized the way we handle our finances, making transactions quicker, more efficient, and accessible to anyone with a bank account. Online Bank Transfers Online bank transfers allow individuals to move money directly from their bank accounts to another party’s account.
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Understanding the Main Types of Customers and Consumers
Peak Frameworks
JUNE 21, 2023
A well-known example of this type of customer behavior is a consumer who selects a bank solely based on the interest rates offered on savings accounts or term deposits. Need-Based Customers Need-based customers engage with financial institutions to fulfill specific requirements or goals.
What is Commercial Paper? Definition and Key Characteristics
Peak Frameworks
OCTOBER 17, 2023
Commercial paper is a financial instrument that helps corporations with short-term funding and liquidity needs, such as payroll or accounts payable. For instance, a company might issue commercial paper to finance inventory ahead of a peak selling season, repaying it once sales are realized.
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Mastering Technology Due Diligence and Integrations
Midaxo
OCTOBER 12, 2023
The systems could include a CRM for sales to capture all client contacts, HRM systems help human resources to manage vacations and salaries, and accounting systems automate bulk of finance-related tasks. Industry Different industries have varying technology requirements.
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The 11 Concepts And Ideas I Learned From Interviewing ChatGPT On How To Buy A Business.
How2Exit
FEBRUARY 23, 2023
When considering buying an existing business, it is important to take into account the size of the business. There are a number of organizations and programs that exist to support SMBs, including business associations, government agencies, and financial institutions.
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Interest Rate Swap | Examples | Uses | Swap Curve
Wall Street Mojo
JANUARY 17, 2024
Financial institutions with good credit ratings offer swap facilities to clients and charge fees from brokers. Usually, financial institutions with very high credit worthiness are the ones that offer the swap market to clients who may be investors or other financial institutions. read more of the risk.
The Perils of the Fed’s Vast Bond Holdings
The New York Times: Banking
MAY 3, 2024
The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to continuing risks, our columnist says.
How Stolen Checks Are Sold and Bought Online
The New York Times: Banking
DECEMBER 9, 2023
One reason this fraud is rampant: Open forums where anyone can buy checks that thieves have taken from the mail.
How Fintech is Revolutionising the Small Business Landscape
Razorpay
AUGUST 10, 2023
Fintechs, or financial technology companies, offer software solutions to help businesses with their money. There are many types of fintechs: lending fintechs, insuretech, payments – but they all centre around one thing: Finance made easier with technology. Automation and integrations Big businesses and MNCs have huge finance teams.
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What is Value at Risk (VaR)? Definition and Basics
Peak Frameworks
SEPTEMBER 12, 2023
If you're interested in breaking into finance, check out our , Private Equity Course and , Investment Banking Course , which help thousands of candidates land top jobs every year. For Capital Allocation: Banks and financial institutions use VaR to determine the amount of capital they need to hold to cover potential losses.
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What is Private Banking and How Does It Work?
Razorpay
DECEMBER 15, 2024
Unlike traditional banking, which serves the general public with standard products and services, private banking offers bespoke, customized solutions tailored to the unique financial needs and goals of each client. The private banker handles all financial matters pertaining to the client from loans and credit to bills.
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Check Fraud Is Rising and the Thieves Are Winning
The New York Times: Banking
DECEMBER 9, 2023
Although check usage has declined in the last couple of decades, check fraud has risen sharply, creating a problem for banks — and customers trying to pay their bills.
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5 Cs of Credit: How Lenders Evaluate Borrowers
Peak Frameworks
SEPTEMBER 19, 2023
Types of collateral: Real estate, machinery, accounts receivable, and even stocks. Understanding Credit Risk for Finance Professionals Building upon the 5 Cs of Credit, finance professionals should also deeply understand credit risk , as it plays a central role in financial decisions.
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