Day: March 29, 2020

Betterment launches phone insurance with Sure partnership

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  • Betterment teamed up with tech company Sure to offer phone insurance.
  • And to further differentiate its offering and enhance its competitive advantage, it should look to add more insurance options.

The US-based digital wealth manager has teamed up with tech company Sure to offer phone insurance, per a press release. Customers of Betterment Checking—the startup’s checking account and accompanying debit card—can purchase coverage for phone damage or theft, as long as they pay their monthly phone bill using a Betterment Visa debit card.

eToro debit card launching soon

Betterment is moving into phone insurance.

Business Insider Intelligence


While the claims process is supported by Sure’s platform, the insurance policy is being provided by an undisclosed global insurance company, and customers will receive up to $600 per claim, with a maximum of two claims per 12-month period and a $50 deductible for each claim.

Betterment Checking only launched a few months ago, and enhancing the offering

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Is your SBI home, personal loan eligible for restructuring? How to check online

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SBI’s retail customers upon logging in the portal will be asked to key in their account number. After completion of OTP validation and inputting a few necessary information, the customer will come to know their eligibility and receive a reference number. This reference number will be valid for 30 days and within which time customers can visit the branch to complete the required formalities.

C.S. Setty, Managing Director (Retail & Digital Banking), SBI expressed the hope that with the launch of this portal, the customers will find it operationally convenient to check their eligibility before they go to a branch.

Under this resolution framework framed by RBI, such borrowers are eligible whose loan accounts were classified as standard and not default for equal to or more than 30 days as on 1 March, 2020, and their incomes are impacted by Covid-19.

Retail customers will be offered a simple option to

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Major Banks Moved Vast Sums of Illicit Money: ICIJ | Voice of America

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WASHINGTON – Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.
 
“Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ).
 
The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financial law enforcement agency, FinCEN, by banks from around the world.
 
“These documents, compiled by banks, shared with the government, but kept from public view, expose the hollowness of banking safeguards, and the ease with which

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People are ditching in-person financial services for apps | Technology

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“People are trying digital finance for the first time,” Perret said. “It’s going from an attitude where people think, ‘I do my banking in person,’ or, ‘I do financial services in person,’ to an attitude of thinking, ‘I could use these digital services.’ Breaking that zero-to-one gap, that’s the biggest gap.”

What’s next for fintech?

While the growing demand for fintech is promising for the industry, concerns about data privacy and cybersecurity could be a hurdle for further growth.

In a recent survey by international law firm Goodwin of more than 700 global business leaders about fintech trends, nearly half ranked cybersecurity as the largest threat to the adoption of digital financial services. There are also issues like possible tech glitches as users are trying to make crucial transactions, as happened to several online brokerages on the day that Apple and Tesla stock started trading at newly split prices last

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Business Partners Find New Opportunity After Financial Hardship

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Sunday, September 20th 2020, 10:56 pm

By: Hunter McKee

OKLAHOMA CITY –

Two business owners impacted by the COVID-19 pandemic are exploring a new adventure this fall. This week marks the grand opening of Hillbilly Haven, an outdoor family fun farm located at the intersection of Coltrane and Wilshire.

Nick Henthorn and Scott Hill co-own Phoenix Oil and Gas in Edmond, but they say business has been tough due to COVID-19.

“We’ve been trying to drum up business,” Henthorn said. “Trying to earn a check.”

With time on their hands, they put their heads together and created a place for family and friends.

“We’ve been out here every single day,” Henthorn said. “Morning to night, doing our very best trying to make it as nice and clean as possible.”

From pumpkin sales to pony rides, Hill said Hillbilly Haven has something for the whole family to enjoy.

They had been

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