DIGITAL TRANSFORMATION IN FINANCIAL SERVICES

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Following the global financial crisis, financial institutions have had to focus on cutting costs and boosting efficiency in order to drive new revenue and profits. In North America, this often meant shifting focus away from technological innovations. Europe was even more measured in restructuring, with key regulations taking a relatively long time to emerge.

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CIH BANK

Le Crédit Immobilier et Hôtelier devient CIH BANK pour vous faire profiter de la banque de demain dès aujourd’hui.Innovation, simplicité, proximité et dynamisme sont les valeurs que souhaite véhiculer CIH BANK au travers de sa nouvelle identité visuelle et de manière générale, au travers de son nouveau positionnement.

OTHER ARTICLES

Advancing Mobile Banking Security With GPS

Article | February 19, 2020

Mobile-based fintech solutions are becoming the first port of call for many financial services, as people embrace the simplicity, cost-effectiveness and speed of mobile payments. Milennials and Gen-Zers admire mobile experiences they get with banking, payroll, customer loyalty apps and others. However, digital fraud is rising as fast, if not faster, and thus fraud monitoring based on robust customer authentication have become as important as the services mCommerce has to offer customers.

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Fintech Customer Acquisition - Beyond Early Adopters

Article | February 19, 2020

This blog attempts to answer the following key questions at a high level: What could financial technology companies (fintechs) do to enable greater consumer or SME (customer) adoption of their products and services beyond early adopters? What could fintechs do to pull under-served and well-served customers away from incumbent banks and established providers?

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BITCOIN AND CRYPTO

Coinlager – Non-custodial crypto exchange, like the history have taught us

Article | February 19, 2020

If the history have taught us anything it’s to never trust anyone else with your digital money. That is why when dealing with digital money such as cryptocurrency or tokens you should always store it at another place from where you bought it. Coinlager is doing exactly this, focusing on what its primarily feature is – to allow customers to buy cryptocurrencies in a quick, transparent and safe manner. Ever since Satoshi mined the first Bitcoin crypto has been on the rise. In the beginning it was more of a subculture rather than a respected currency, something which has definitely changed over the past decade. There was one company for those of you who remembers called MT Gox that was the number 1 choice for any cryptocurrency trader between 2010 – 2013, at most the covered 70% of the Bitcoin tradable market. In February 2014 it however came to an abrupt stop since MT Gox announced that approximately 850,000 Bitcoins had been stolen from their Hot Wallet, valued at $450 million at that time. Even though the MT Gox hack is by far the biggest almost all of the larger exchanges have at some stage been targeted by hackers and in some cases succeeded in stealing cryptocurrencies. “We were actually one of the early adapters to crypto back in 2011, using MT Gox as a day-trading solution to increase our assets of Bitcoin. Everything were going smoothly until the crash in 2014 where we also lost all our Bitcoins. We haven’t really spent too much time dwelling on it, but when we see that people are still relying too much on using the same company for both thee crypto and the wallet service we thought we had to do something about it. The problem has always been that seperatiing the two services have not been user-friendly – this is what we are changing, giving the customers a super easy and quick way to buy their crypto and send it over to their desired wallet.” Krzysztof Mysiak So what is it that Coinlager essentially does? It’s simple, we sell cryptocurrencies to the customers. Customers can register over at Coinlager in seconds and be able to purchase their favourite cryptocurrency immediately. Relying on modernised technologies we can verify the customers in real-time, giving them the chance to not have to wait for hours or even days when their account becomes activated. It doesn’t have to be overly complicated where customers do not understand what they are buying or how much it costs. With Coinlager we show the customers A) What they are buying B) What our fees are C) Where the crypto will be sent to (customer’s choice). If you are interested in buying crypto, come check us out here: https://coinlager.com/ If you have a question, feel free to email us at hello@coinlager.com

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What is the difference between depreciation and amortization?

Article | February 19, 2020

Both depreciation and amortization are ways of expensing the cost of a business asset over its useful life period. When a company acquires a business asset, the complete cost of acquisition of the asset is not expensed at once, but proportionately based on the time period of their usage. In essence, both depreciation and amortization mean the same thing. While depreciation refers to the proportionate reduction in the cost of fixed assets or tangible assets over its lifespan. Fixed assets or tangible assets could include things such as a plant, machinery, tools, equipment, etc.

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Spotlight

CIH BANK

Le Crédit Immobilier et Hôtelier devient CIH BANK pour vous faire profiter de la banque de demain dès aujourd’hui.Innovation, simplicité, proximité et dynamisme sont les valeurs que souhaite véhiculer CIH BANK au travers de sa nouvelle identité visuelle et de manière générale, au travers de son nouveau positionnement.

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