#financial services globally

[emeriobanque]

Recently, the ICC United Kingdom has reported launching a new drive to enhance the UK finance industry against the adverse effects of duplicate financing fraud.

The Centre for Digital Trade and Innovation (C4DTI)operated initiative will use ICC United Kingdom’s convening abilities to convey this leading project under the C4DTI’s “Shutting Fraudsters out of Trade” workstream in association with MonetaGo.

Duplicate Financing is defined as a fraudulent act where fraudsters avail multiple funds for the same transaction several times. In the present scenario, a fraudster can visit various banks and get the same transaction financed, without letting the other banks know or having them cross-check with the same.

Guidelines related to confidentiality inhibit the banks from disclosing or sharing information on deals they have financed with other banks, creating a hopeless situation that fraudsters take advantage of to get funds for the same transaction multiple times.

Read more: https://www.emeriobanque.com/news/icc-uk-introduces-initiative-to-cope-duplicate-finance

[bitnestloop]

BitNest

BitNest: The Leader of the Digital Finance Revolution

BitNest is a leading platform dedicated to driving digital financial innovation and ecological development. We provide comprehensive cryptocurrency services, including saving, lending, payment, investment and many other functions, creating a rich financial experience for users.

Our story began in 2022 with the birth of the BitNest team, which has since opened a whole new chapter in digital finance. Through relentless effort and innovation, the BitNest ecosystem has grown rapidly to become one of the leaders in digital finance.

The core functions of BitNest ecosystem include:

Savings Service: Users can deposit funds into BitNest's savings system through smart contracts to obtain stable returns. We are committed to providing users with a safe and efficient savings solution to help you achieve your financial goals. Lending Platform: BitNest lending platform provides users with convenient borrowing services, users can use cryptocurrencies as collateral to obtain loans for stablecoins or other digital assets. Our lending system is safe and reliable, providing users with flexible financial support. Payment Solution: BitNest payment platform supports users to make secure and fast payment transactions worldwide. We are committed to creating a borderless payment network that allows users to make cross-border payments and remittances anytime, anywhere. Investment Opportunities: BitNest provides diversified investment opportunities that allow users to participate in trading and investing in various digital assets and gain lucrative returns. Our investment platform is safe and transparent, providing users with high-quality investment channels. Through continuous innovation and efforts, BitNest has become a leader in digital finance and is widely recognised and trusted globally. We will continue to be committed to promoting the development of digital finance, providing users with more secure and efficient financial services, and jointly creating a better future for digital finance.

[morningstartranslation]

Learn Chinese Culture with Us

Death comes to all men. 人生自古谁无死（rén shēng zì gǔ shuí wú sǐ）。For more information, visit https://www.morningstartranslation.com

[saxafimedianetwork]

Somaliland’s Telesom Receives GSMA Certification for Its ZAAD Mobile Money Service

Congratulations to @Telesom for earning the prestigious #GSMA Certification for its #ZAAD mobile money service. This achievement recognizes excellence in security, efficiency, & adherence to int'l standards, solidifying ZAAD's position as a leader in #HoA.

Continue reading Somaliland’s Telesom Receives GSMA Certification for Its ZAAD Mobile Money Service

[sammajeed]

Step-by-Step Guide to Mauritius Offshore Company Formation

Mauritius has become a popular destination for offshore company formation due to its favorable tax laws, strategic location, and strong legal framework. Setting up an offshore company in Mauritius can be a smart move for businesses looking to expand globally. Here’s a step-by-step guide to help you navigate the process.

Step 1: Choose the Type of Offshore Company

Mauritius offers two main types of offshore companies:

Global Business Corporation (GBC): Suitable for companies planning to operate internationally and benefit from Mauritius’ tax treaties.

Authorized Company (AC): Best for companies whose management and control are outside Mauritius and who are not looking for tax treaty benefits.

Step 2: Engage a Registered Agent

Mauritian law requires offshore companies to be incorporated through a licensed management company or a registered agent. They will assist in preparing necessary documents and guide you through the entire process. Choose a reputable firm to ensure smooth and legal formation.

Step 3: Select a Company Name

The name of your offshore company must be unique and should not conflict with any existing business names in Mauritius. The registered agent can help with name availability checks and the approval process.

Step 4: Prepare Required Documents

To incorporate an offshore company in Mauritius, the following documents are typically required:

Completed application form.

Certified copies of passports and proof of address for all shareholders and directors.

Details of business activities and financial projections.

Memorandum and Articles of Association outlining the company’s structure and purpose.

The registered agent will help in gathering and submitting these documents.

Step 5: Submit Documents to the Financial Services Commission (FSC)

Your registered agent will submit the incorporation documents to the Mauritius Financial Services Commission (FSC). This is the authority responsible for approving offshore company formations. The process usually takes between 1 to 3 weeks.

Step 6: Obtain the Incorporation Certificate

Once the FSC approves your application, you’ll receive a Certificate of Incorporation, officially registering your company. The company is now legally recognized in Mauritius.

Step 7: Open a Bank Account

To operate internationally, you’ll need a bank account in the name of your offshore company. Mauritius has several reputable banks offering corporate banking services. Your registered agent can assist in the account-opening process by preparing the necessary paperwork.

Step 8: Maintain Compliance

Mauritius offshore companies must adhere to ongoing compliance requirements, including:

Annual financial statements.

Annual return filing.

Tax filing (for GBC companies). Non-compliance could result in penalties or deregistration.

Benefits of Setting Up an Offshore Company in Mauritius

Tax Advantages: Mauritius offers a low corporate tax rate (up to 15%) with the ability to lower this through credits. There is no capital gains tax or withholding tax on dividends.

Double Tax Treaties: Mauritius has a wide network of tax treaties with countries around the world, making it easier to do business globally.

Strong Legal Framework: The country follows English common law principles, providing stability and legal predictability for businesses.

Political and Economic Stability: Mauritius is known for its stable economy and governance, making it a secure choice for offshore companies.

Final Thoughts

Forming an offshore company in Mauritius can provide your business with numerous advantages, including tax benefits, strong legal protections, and access to international markets. By following these steps and working with a reliable registered agent, you can set up your company quickly and efficiently.

Mauritius is an ideal destination for businesses looking to expand globally while enjoying a favorable business environment.

[mehmetyildizmelbourne-blog]

The Strategic Move: ILLUMINATION Community’s Commercial Arm for Charitable Success

The ILLUMINATION publications have been providing full free service to all community members, now made up of 32,000+ freelance writers globally through our volunteer workforce on Medium.com since March 2020. It has been an absolute pleasure for our team o

Discover the Strategic Benefits and Impact on Our Nonprofit Mission and Join Our Exciting Journey for Freelance Writers Globally Dear Writers and Readers,  Medium is a wonderful community and now we are integrating and enhancing its value it with Substack community to give a competitive advantage to our writers and delight our readers better with new synergistic input. Collaboration for writers…

[digitalwibe]

Europe Aircraft Leasing Market: Rapid Development and Value Trends Forecast (2024-2032)

The Europe Aircraft Leasing Market is on a trajectory of rapid development, driven by evolving value trends and a robust aviation sector. As European airlines and operators navigate the complexities of fleet management, leasing has emerged as a strategic solution to meet both current and future needs.

Europe Aircraft Leasing Market showcases the following key aspects:

Fleet Expansion and Modernization: European airlines are increasingly turning to leasing to expand and modernize their fleets. This approach allows them to quickly integrate new aircraft models that enhance operational efficiency and comply with environmental regulations.

Economic Uncertainty and Flexibility: Leasing provides airlines with greater financial flexibility amid economic uncertainties. It allows operators to manage capital expenditure more effectively and adjust their fleet size according to market demand.

Technological Advancements: The adoption of advanced technologies in leased aircraft supports better fuel efficiency and lower emissions. European airlines benefit from these innovations without the long-term financial commitment of owning the aircraft.

Regulatory Pressure: Europe’s stringent environmental regulations drive the demand for modern, eco-friendly aircraft. Leasing offers a practical solution for airlines to meet these requirements while minimizing financial risk.

Geographical Distribution: Key markets in Europe, such as the UK, Germany, and France, are at the forefront of the leasing trend. Their well-developed aviation sectors and strategic positions contribute to the overall growth of the market.

The forecast for the Europe Aircraft Leasing Market is characterized by robust growth and ongoing development. As airlines continue to seek flexible and cost-effective solutions, leasing will remain a vital component of the region’s aviation landscape.

About US

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

Market Research Future (part of Wants tats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Sales: +1 628 258 0071 (US) +44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

[jcmarchi]

Global Cyber Resilience Report 2024: Overconfidence and Gaps in Cybersecurity Revealed

New Post has been published on https://thedigitalinsider.com/global-cyber-resilience-report-2024-overconfidence-and-gaps-in-cybersecurity-revealed/

Global Cyber Resilience Report 2024: Overconfidence and Gaps in Cybersecurity Revealed

The Global Cyber Resilience Report 2024 presents an in-depth analysis of the current state of cyber resilience across various industries worldwide. Based on a survey conducted by Cohesity and Censuswide, involving 3,139 IT and Security Operations (SecOps) decision-makers from eight countries, this report sheds light on the significant gaps between perceived and actual cyber resilience capabilities.

Survey Demographics and Scope

The survey, conducted in June 2024, covered both public and private organizations across several countries:

United States: ~500 respondents

United Kingdom: ~500 respondents

Australia: ~500 respondents

France: ~400 respondents

Germany: ~400 respondents

Japan: ~300 respondents

Singapore: ~300 respondents

Malaysia: ~200 respondents

Participants were evenly split between IT and SecOps professionals, providing a comprehensive overview of the current cyber resilience landscape.

Key Findings

1. Overestimation of Cyber Resilience

A striking revelation from the survey is the overestimation of cyber resilience capabilities among organizations. Only 2% of respondents indicated that they could recover their data and restore business processes within 24 hours of a cyberattack. This starkly contrasts with the confidence expressed by nearly 4 in 5 (78%) respondents in their organization’s cyber resilience strategy.

2. Ransom Payments: A Growing Concern

The willingness to pay ransoms has become alarmingly common. Approximately 75% of respondents indicated their organization would pay over $1 million to recover data and restore business operations, with 22% willing to pay over $3 million. In the past year, 69% of respondents admitted to paying a ransom, despite 77% having policies against such payments.

Slow Recovery Times

Recovery times reported by organizations reveal significant vulnerabilities:

Only 2% could recover within 24 hours.

18% could recover within 1-3 days.

32% required 4-6 days.

31% needed 1-2 weeks.

16% would need 3+ weeks.

These recovery times fall short of the targeted optimum recovery time objectives (RTO), with 98% aiming for recovery within one day and 45% targeting within two hours.

4. Insufficient Data Privacy Compliance

Just over 2 in 5 (42%) respondents claimed their organization could identify sensitive data and comply with applicable data privacy laws. This indicates a significant gap in necessary IT and security capabilities.

5. Zero Trust Security Deficiencies

Despite the availability of effective security measures, many organizations have not adopted them:

48% have not deployed multifactor authentication (MFA).

Only 52% have implemented MFA.

Quorum controls or administrative rules requiring multiple approvals are used by 49%.

Role-based access controls (RBAC) are deployed by 46%.

These deficiencies leave organizations vulnerable to both external and internal threats.

The Escalating Threat Landscape

The survey underscores the increasing threat of cyberattacks:

In 2022, 74% of respondents felt the threat of ransomware was rising. By 2023, this figure rose to 93%, and in 2024, it reached 96%.

Two-thirds (67%) of respondents reported being victims of ransomware in the past six months.

Industries Most Affected

The report identifies seven industries that have been hardest hit by cyberattacks:

IT & Technology (40%)

Banking & Wealth Management (27%)

Financial Services (27%)

Telecommunications & Media (24%)

Government & Public Services (23%)

Utilities (21%)

Manufacturing (21%)

Areas of Critical Concern

1. Confidence-Capability Paradox

The disparity between confidence in cyber resilience strategies and the actual capability to execute these strategies effectively is evident. While many organizations have a cyber resilience plan, their ability to recover quickly from attacks lags significantly behind their goals.

2.  Rampant Ransom Payments

The prevalence of ransom payments, often in contradiction to organizational policies, highlights a reactive rather than proactive approach to cyber resilience. The financial impact of paying ransoms extends beyond the immediate cost, affecting downtime, lost opportunities, and reputational damage.

3. Zero Trust Security Deficiencies

The failure to implement robust data access controls like MFA and RBAC poses a significant risk to organizations. Effective security measures are essential for protecting critical data and ensuring business continuity.

Recommendations for Improvement

To address these critical issues, the report suggests several actionable strategies:

Engage in rigorous testing, drills, and simulations to ensure the effectiveness of backup and recovery processes.

Sign up for ransomware resilience workshops to enhance cyber incident response capabilities.

Automate testing of backup data to verify integrity and recoverability without manual intervention.

Maintain detailed documentation and recovery playbooks to ensure all stakeholders understand their roles during an incident.

Conclusion

The Global Cyber Resilience Report 2024 that was commissioned by Cohesity highlights the urgent need for organizations to bridge the gap between their perceived and actual cyber resilience capabilities. By identifying and addressing these vulnerabilities, organizations can enhance their ability to recover from cyberattacks and protect critical data, ensuring a more secure and resilient future.

The comprehensive data and insights from this report serve as a crucial resource for IT and SecOp professionals aiming to strengthen their cyber resilience strategies and safeguard their organizations against the evolving threat landscape.

[farmerstrend]

Global Collaboration for Local Impact: How LM Re, Sprout, and Britam are Supporting Kenyan Coffee Growers Against Drought

Liberty Mutual Reinsurance (LM Re) has announced a partnership with Insurtech firm Sprout, Inc and Kenyan financial services company Britam to introduce a new parametric insurance product aimed at protecting Kenyan coffee growers from financial losses caused by drought. This new product, developed through collaboration at the Lloyd’s Lab Launchpad Pitch, is designed to provide swift payouts…

[thisisbjoeblog]

Economy 101: BlackRock Investment Company - Critical Information

BlackRock, the world’s largest investment manager, has a diverse portfolio that includes significant stakes in some of the largest companies globally. As of early 2024, their top equity holdings encompass leading tech firms such as Apple, Microsoft, Amazon, and Google. Additionally, it owns several investment management and technology platforms, having acquired companies like Merrill Lynch…

[moolamore]

Unlock Global Potential with Brilliant Multi-Currency Solutions from Moolamore

Moolamore's brilliant multi-currency solutions can help your company reach its full global potential. In today's interconnected world, conducting international transactions smoothly and efficiently is critical to success. Moolamore simplifies international payments by allowing you to transact seamlessly in multiple currencies while reducing the complexities and costs associated with currency conversion.

Good for you! There is a solution on the horizon: Moolamore, a cutting-edge cash flow tool that your SME company will undoubtedly require to function brilliantly, adapt, innovate, and grow successfully.

[bijoumikhawal]

Funds for Haiti and Haitian Americans

A Haitian American woman with long Covid and her daughter with cancer have both been struggling to raise funds that would help them during their illnesses. Both of them live in the Midwest, which is where a lot of the most recent fear mongering has been centered.

COJEHA is a Haitian organization that provides financial support for youth, teaches agricultural skills, helps ensure children attend school, and teaches other soft life skills. They're working on building a farm with fish and vegetable crops where teaching occurs, which will also increase local access to fresh food.

P4H Global is the organization that has been working on building the canal connected to the Massacre River, another agricultural project. They have also been working to support education in Haiti, with both teachers and students.

The Haitian Community Center in Springfield, Ohio. Springfield's food bank, community health center, and a local Catholic organization that provides aid are also accepting donations.

Richard Pierrin is a journalist who has had to flee Haiti and is trying to get a visa that will allow him to work, and that doesn't end after 3 months.

Marc Henry and his family have been dealing with food insecurity for months, and are trying to get funds so they can eat, as well as supplies like livestock and fishing equipment so they can sustain themselves even after the fundraiser is done. They're close to their goal.

An elderly couple's home was damaged multiple times over the last few years and they are trying to raise funds to finish construction. They are also very close to their goal.

A fundraiser for children in Jacmel to provide food, water, and clothes.

A fund for several families to secure plane tickets out of the country

OTRAH is an organization that helps trans Haitians and wants to expand their services to combat HIV. They don't have a gofundme, instead donations are discussed over email.

There is also this thread of Haitian gofundmes which updates fairly regularly

This document explaining the leadup to where we are now also names some organizations that could use financial support

[piptanusa]

At Piptan Investment & Securities, we believe in the power of smart investments and strategic financial planning to transform lives. Established as a young, dynamic, and forward-thinking firm, we stand at the forefront of the financial industry, dedicated to providing comprehensive investment solutions and expert advisory services to individuals and businesses alike.

[g3office]

Optimize Your Business Operations with G3: Remote Staffing and Recruiting Solutions

G3 Remote is your go-to partner for managing workloads efficiently, reducing costs, and enhancing workforce reliability. We work closely with business owners to creatively tackle operational challenges, improving communication, boosting customer service, and lightening administrative burdens. Our team of skilled remote assistants seamlessly integrates into your business, offering tailored solutions that drive growth. From remote staffing and recruiting to financial services and digital marketing, G3 Remote provides the right resources to help your business thrive. Let us handle the details so you can focus on what you do best.

[prosearchgroup]

Navigating Talent: Insights into Finance and Healthcare Recruitment Strategies

Recruitment within the finance and healthcare sectors is a dynamic and multifaceted endeavor, driven by a confluence of industry-specific trends, evolving skill requirements, and broader economic forces. In this section, we delve into the current landscape of recruitment in these critical fields, highlighting the key trends and the most sought-after skills and qualifications.

Current Trends in Finance and Healthcare Recruitment

The recruitment landscape in finance and healthcare is continuously shaped by several pivotal trends. In finance, technological advancements are revolutionizing the way organizations operate and recruit. The rise of ProSearchGroup, into financial systems have created a demand for professionals adept in these cutting-edge areas. Financial institutions are seeking candidates with not only traditional financial acumen but also the technical prowess to navigate and leverage these innovations.

Regulatory changes also play a significant role in shaping recruitment strategies in finance. As governments and regulatory bodies introduce new compliance requirements, there is an increased demand for professionals skilled in risk management, regulatory compliance, and ethical governance. These changes necessitate a workforce that is both adaptable and knowledgeable about the latest regulatory landscapes.

In the healthcare sector, the recruitment trends are equally compelling. The rapid advancements in medical technology, telemedicine, and electronic health records (EHRs) are driving the need for healthcare professionals who are tech-savvy and proficient in these new tools. Additionally, the ongoing global health challenges have highlighted the critical need for specialized healthcare practitioners, from epidemiologists to critical care nurses, underscoring the importance of a robust and responsive recruitment strategy.

Economic factors further influence recruitment in both sectors. Economic fluctuations can lead to varying levels of demand for financial services and healthcare, impacting hiring trends. In times of economic uncertainty, financial institutions might prioritize hiring risk analysts and financial strategists, while healthcare providers might focus on recruiting frontline medical staff to manage increased patient loads.

Skills and Qualifications in Demand

The evolving recruitment landscape has led to a distinct set of skills and qualifications that are highly sought after in finance and healthcare.

In the finance sector, there is a growing emphasis on data analysis and risk management. Professionals who can interpret complex data sets, identify trends, and provide actionable insights are in high demand. Expertise in financial modeling, forecasting, and strategic planning is also crucial as organizations strive to navigate volatile markets and economic conditions.

Moreover, the integration of AI and machine learning into financial operations requires a new breed of finance professionals who are not only proficient in traditional finance but also have a strong foundation in technology. Skills in programming, data science, and cybersecurity are becoming increasingly valuable as financial institutions seek to protect their assets and enhance their technological capabilities.

Healthcare, on the other hand, demands a unique blend of clinical expertise and technological proficiency. With the increasing adoption of telemedicine and digital health platforms, healthcare professionals must be comfortable using these technologies to provide patient care. Additionally, there is a significant demand for specialists in critical care, mental health, and geriatrics, reflecting the changing demographics and health needs of the population.

Interpersonal skills, empathy, and the ability to work under pressure remain paramount in healthcare. The ability to communicate effectively with patients, families, and interdisciplinary teams is essential for delivering high-quality care and ensuring positive patient outcomes.

In summary, navigating the recruitment landscape in finance and healthcare requires a keen understanding of current trends and the ability to identify and attract candidates with the requisite skills and qualifications. By staying abreast of industry developments and aligning recruitment strategies with these evolving demands, organizations can build a workforce capable of driving success in these critical sectors.