FF News | Fintech Finance’s Post

Buy Now Pay Later schemes are now very common and can be used to finance everyday shopping. It's worrying to read that many consumers are ill-informed and make mistakes when it comes to making payments on time, with 32% of 18-34 year olds charged late payment fees according to The Centre for Financial Capability. https://lnkd.in/eQaZH4NB At MyBnk, we aim to equip young people with the knowledge they need to make informed decisions on their finances. Our Money Works and The Money House programmes for 16-25 year olds cover borrowing options and debt, including BNPL, so that young people can become aware of the risks associated with some financial products and how to use them responsibly. Find out more about Money Works and The Money House below ⬇ https://lnkd.in/esgJ2Kds https://lnkd.in/ehYV3W4 #BNPL #BuyNowPayLater #FinancialEducation #FinancialLiteracy #charity

Way to find a niche, and solve a tricky problem... In terms of market, this has been a consistently fast growing segment with a lot of financial firepower. Catch them early, and keep them loyal! Ishan Gurg - Reminded me of your work with the non-profit. https://lnkd.in/eZw8YqRm . . . . . . #growth #banking #businessstrategy #innovation #diversification #businessmodels

Banking Info. Series by Navneet Gupta - Part 25 🏦 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐓𝐫𝐮𝐬𝐭𝐬, 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐢𝐨𝐧𝐬, 𝐒𝐨𝐜𝐢𝐞𝐭𝐢𝐞𝐬, 𝐚𝐧𝐝 𝐂𝐥𝐮𝐛𝐬 (𝐓𝐀𝐒𝐂) 𝐢𝐧 𝐁𝐚𝐧𝐤𝐢𝐧𝐠🤝 Are you part of a trust, association, society, or club with a mission to make a difference? Managing finances effectively is crucial to achieving your goals, and understanding banking options tailored to your organization's needs can make all the difference. 🔹 𝐓𝐫𝐮𝐬𝐭𝐬: From revocable trusts to charitable trusts, managing assets requires precision. Learn how opening a dedicated trust account can streamline financial management and asset protection. 🔹 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐢𝐨𝐧𝐬: Building a community around shared goals? Associations often need accounts to handle membership fees, event funds, and more. Discover how the right banking partner can simplify financial operations. 🔹 𝐒𝐨𝐜𝐢𝐞𝐭𝐢𝐞𝐬: Nonprofits and societies with a social, cultural, or educational focus play a vital role in society. Explore how proper financial management, facilitated by specialized accounts, can amplify your impact. 🔹 𝐂𝐥𝐮𝐛𝐬: Whether sports, hobbies, or social activities, clubs unite individuals. Discover how club accounts can help manage funds for activities, events, and growth. When these types of entities open bank accounts, they typically need to provide relevant documentation, such as their governing documents (like bylaws or trust agreements), tax identification numbers, and proof of their legal existence. The type of documentation required can vary depending on the jurisdiction and the specific requirements of the bank. 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐨𝐟 𝐓𝐀𝐒𝐂 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 (𝐃𝐞𝐩𝐞𝐧𝐝𝐬 𝐮𝐩𝐨𝐧 𝐲𝐨𝐮𝐫 𝐁𝐚𝐧𝐤): -Created specifically for Trusts, Associations, Societies, Committees, Clubs, Hospitals, Educational and Research Institutions and other Section 25 companies. -Doorstep banking facility. -Internet Banking. -Zero average monthly money. -Free unlimited ATM transactions. -Free unlimited cheque book. -Free Fund Transfer (IMPS, NEFT and RTGS) -Free Demand Draft. Discover specialized banking solutions for Trusts, Associations, Societies, and Clubs (TASC). From trust asset management to association funds and nonprofit finances, explore tailored accounts to amplify your organization's impact. Stay informed in a dynamic financial landscape to ensure effective financial management. 🏦🤝 Follow #BankingInfoSeriesByNavneet & Navneet Gupta & share it for benefit to all... #demystifyingbanking #banking #banks #money #economy #knowledgeispower #helpingeachother #bankingknowledge #bankingcompliance #bankingindustry

Did you know that as a member of #SynergyCreditUnion, you have unique ownership privileges through our ProfitShares program? Since 1983, over $94 million has been distributed to members in the form of rate bonuses, rate rebates, and dividends. This year, we've allocating over $2.7 million to eligible members! In June, these allocations were credited to your ProfitShares account. Learn more about our ProfitShares Program: https://ow.ly/OC1Y50SWZpP #creditunion #memberowner#memberowned #profitshares #memberbenefits

'While the overall impact of financial services on the environment can be both wide-reaching and hard to accurately measure, the FinTech and financial services sector has the opportunity to take a position of global leadership and to create plans, processes, and policies that will shape the future to come. If we don’t take action now, the cost of inaction will be far greater.' - That was the hook for this year's Innovate Finance Fintech as a force for good conference, held in London 4 weeks ago. One of the key takeaways for us was the potential benefit of ‘Open Banking’ for charities of all sizes. Open Banking is the government initiative making the provision of financial services in the UK more competitive, including for charities. A classic use case for open banking is significantly reducing the costs and risks associated with a charity receiving payment/donations online. This can be between 1% and 3% in expense just for the payment gateway, and then yet more costs to integrate between the charity's #CRM and finance system. We can use open banking to make this so much simpler, and cheaper... we'll be exploring this ourselves over the coming months. #CharityFinance #FinTech

Capstone's survey shows private equity GPs are getting creative with LP liquidity solutions. They're navigating the tough exit and fundraising environment by tailoring offerings to meet individual LP needs. This trend, spurred by the pandemic, shows no signs of slowing down. Helen de Beer #PDI #PrivateDebt #FundFinance #Fundraising #LPs #GPs

What exactly is a Credit Union? This question is commonly asked. Let me share some insights. 😊 ✒️ Credit unions are financial cooperatives owned by their members, operating on a non-profit basis, which sets them apart from banks. Profits are reinvested back into members through educational programs, affordable fees, competitive loan rates, and attractive savings opportunities. ❣ ✒️ Credit unions also benefit business owners by offering a diverse range of financial products and services. By managing their finances locally, business owners support community growth and sustainability. 💫 ✒️ Credit unions provide tools such as budgeting aids and business plans to help their members effectively manage finances. Compared to larger banks, credit unions often have more flexible lending criteria. ✒️ Additionally, credit unions are deeply ingrained in local communities, actively supporting initiatives and focusing on member financial wellness. At St. Cloud Financial Credit Union our team collaborates closely with small businesses, nonprofits, and local chambers of commerce to promote community projects and enhance member prosperity. Your success is our success.🤩 If you are looking to become a member, apply for a loan, inquire about a mortgage, need financing for your business, want to build your credit through a credit card, or just learn how to better budget your monthly expenses… 🧐 swing into any of our five branches or give us a call 320-252-2634 📞 #creditunion #community #memberfocused #financingpartner #financialwellness #mortgages #loans #budgetingtools #business #smallbusiness #credituniondifference #whatisacreditunion

The 2025 Fintech Pledge, pioneered by ClearScore and Zopa Bank in conjunction with The Money Charity, is a groundbreaking campaign aiming to drive 25 million actions that bolster consumers’ financial resilience by 2025 and Gretel is proud to be part of it. As we face the dual challenges of rising inflation and low levels of financial resilience, initiatives like the 2025 Fintech Pledge are not just helpful – they are essential. By uniting under this pledge, the UK fintech industry is taking a significant step towards empowering consumers and enhancing the financial health of the nation. Let's embrace this opportunity and work together towards a more financially resilient UK. Read more in our latest news https://lnkd.in/e4R9hFJx #fintechpledge

#RIAs: We believe it's imperative to proactively engage with clients in conversations about their held-away #cash. Many individuals have sizable deposits in traditional bank accounts, earning minimal interest and potentially exposing them to the risk of being #uninsured. We have helped hundreds of advisors uncover billions of dollars through thousands of your clients (depositors). All your clients have savings— they are just looking for a #bettersavingsaccount from you. Read our latest Cash Update. https://lnkd.in/eYANtRse

The Cash Conversation is top of mind. If you are not speaking to your clients about cash, I GUARANTEE you someone is..... Let's connect so you can provide a better option to your clients! #RIAs #cash #uninsured #bettersavingsaccount