Tag: banking

What Is a Prize-Linked Savings Account?

Recently, voters in Texas approved a constitutional amendment that will help citizens in a novel way: Prize-linked savings accounts. Let’s take a look at what these are, why they are good for consumers, and why you should demand them from your own state legislature. What is a Prize-Linked Savings account? Prize-linked savings accounts are bank accounts that have no – or close to no – interest rate on the money held within …
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What is OmiseGO?

Cryptocurrency enthusiasts around the world have been showing a lot of love for OmiseGo lately. This may have something to do with how the token is abbreviated to OMG, which is fun. OmiseGO is an interesting, albeit ambitious project that aims to unbank the banked by using Ethereum-based financial technology. Now is as good a time as any to delve deeper into this project. OmiseGO Is Not Exactly Reinventing The Wheel OmiseGO …
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Mobile Apps of India’s Largest Banks are all Infected With Malware

India is one of the regions where digital finance has really taken off over the past few years. Most consumers rely on banking applications to access financial services. Unfortunately, it turns out a lot of Indian banking apps come with a growing assortment of malware, which puts consumers at risk of data theft and the exposure of sensitive financial data. This malware affects seven of the country’s largest banks, among …
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2017 Heralds The End of Swiss Bank Secrecy

The year 2017 is an important one for the Swiss banking sector. As of January 1st, the country’s financial institutions are now obligated to share banking information. This new regulation effectively ends Switzerland’s reputation as a tax haven. The collection of data begins this year, and information will be shared with other countries come 2018. No More Swiss Bank Secrecy Switzerland has been a global financial hub for several decades …
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