10 credit score truths and myths

If your personal information gets compromised, a thief will open up financial accounts in your name. However, they will not pay the bills, and this will ruin your credit.

Whether bad credit results from the legitimate credit holder’s irresponsibility or from identity theft, your ability to buy a car, rent a nice place, purchase a home or even get employment can be severely stifled.
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Filialgeschäft vor dem Umbruch

Einer kürzlich veröffentlichten Studie zufolge steht das klassische Filialgeschäft, nicht zuletzt durch die digitale Revolution, vor einem gewaltigen Umbruch und die Wachstumsaussichten sind eher bescheiden.

Mobile Banking Safer Than Online Banking

Consumers wary of mobile banking may not realize that it’s actually more secure
than online banking.

Even as mobile banking continues to grow in popularity, many consumers are still extremely hesitant to adopt this new banking channel. They feel that mobile banking can expose their personal information and their banking accounts to the bad guys and prefer to stick with online banking as their main channel for bank transactions. However, what most consumers don’t realize is that mobile banking is actually more robust security-wise than online banking.
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Lenders look to social media for credit decisions

Upstart lenders have started combing social media sites as they vet borrowers. You’ll be suprised what they’re looking for.

It’s already well known that Facebook and other social media networks harvest user data and sell it to companies that use that info to peddle their products to consumers. But some lenders have begun to find a new use for this information, scrutinizing Facebook, Twitter, and LinkedIn data to determine the credit-worthiness of loan applicants. It’s an unprecedented practice that consumer advocates say can be unfair or discriminatory—and one that is poised to only become more prevalent in the years ahead.
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The Five Greatest Risks to Banks

First and foremost, bankers need to be effective risk managers in a world where forms of risk keep multiplying.

Banks are typically thought of as stable, reliant and dull, or that’s what we would like them to be. Actually, banks are inherently risk managers, as we have now realized in the past five years.
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The five greatest risks to banks


Banks are considered to be stable, reliant and dull by the world, or that’s what we would like them to be.

Instead banks are inherently risk managers, as we have now specifically realised in the past five years.

Banks can be basket cases if they manage risk badly or high return investment vehicles if they manage risk well, but it’s all about risk management.

This is because banks make money out of lending and the art of lending is to ensure the customer will pay back and pay back at a profit with interest.

This is the basics of banking and goes back to usury in the times of the Romans.

It all sounds so simple, and it is, but the complexity of the modern world is breaking that simplicity.

Just thirty years ago, the simplicity was there because we had just two types of risk to manage: market and credit.
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Zur Sicherheit von digitalen Brieftaschen

Wann immer über die Vor- und Nachteile von mobilen Brieftaschen (Digital Wallets) gesprochen wird, kommt schnell die Rede auf das Thema Sicherheit. Was passiert, wann man sein Handy verliert?! Aber fragen Sie sich mal, was passiert, wenn Sie heute Ihre Brieftasche verlieren…

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