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Loan apps ban: Industry insiders call it a good move to remove bad actors

February 8, 2023 by www.moneycontrol.com

Representative image Fintech industry insiders are standing by the Ministry of Electronics and Information Technology (MeitY) directive to Google to ban more than 200 lending and betting apps from its play store, saying it's an issue of illegal cross-border data sharing and possible cybersecurity threat. Currently, an updated list of around 58 such apps is out including prominent names such as Kissht, PayU-backed LazyPay, KreditBee, and Ola Avail Finance; which are under review by Google , according to Moneycontrol’s sources. MeitY did this following instructions from the Ministry of Home Affairs. The directive was sent out to internet service providers and app stores on an “urgent” and “emergency” basis on February 5. Also Read: RBI wants IT ministry to ensure only regulated digital lenders on app stores: FinMin These apps weren’t given prior notice and are still awaiting more information from the government bodies on the possible ban. Read More This … [Read more...] about Loan apps ban: Industry insiders call it a good move to remove bad actors

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13 Tech Leaders Talk About Their Favorite Lifestyle And Productivity Apps

February 8, 2023 by www.forbes.com

Share to Twitter Share to Linkedin There’s a staggering variety of apps on the market today designed to help us manage our schedules, monitor our health, boost our productivity, calm our nerves, keep our to-do lists in order—and anything and everything in between. There are so many that “shopping around” for the best options on offer can be overwhelming. Tech leaders not only spend their days building and using apps but also staying up to date on the latest offerings, so they’re a great source for discovering the best business- and personal-use apps available. Below, 13 members of Forbes Technology Council share their favorite lifestyle and productivity apps and explain how these technologies help them succeed. 1. 1Password I can’t recommend a password manager strongly enough. Everyone should be using one and should have unique, randomly generated, strong passwords for every online service (and two-factor authentication when available). I’ve been a … [Read more...] about 13 Tech Leaders Talk About Their Favorite Lifestyle And Productivity Apps

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Fintechs Say They Can Speed Up The Stimulus, If The Government Just Lets Them

March 31, 2020 by www.forbes.com

Share to Twitter Share to Linkedin As the U.S. government tries to soften the blow of the coronavirus and prepares to send $1,200 to millions of Americans , fintech CEOs have stormed Twitter with messages for lawmakers. “The technology exists to get money to most people today (even to those without bank accounts). Square and many of our peers can get it done. US government: let us help,” Square CEO Jack Dorsey said on March 26. Twenty minutes later, Plaid CEO Zach Perret chimed in , “Let fintech help.” Payroll processing company Gusto spoke up the next day, writing , “We're urging the U.S. government to partner with payroll platforms so we can create an instant pipeline to get relief funds to small businesses—within 24 hours.” Fintech companies have built fast, nimble systems for moving money. But the reality of how these government partnerships might work is much more complicated and requires a close look at the details. For … [Read more...] about Fintechs Say They Can Speed Up The Stimulus, If The Government Just Lets Them

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Officials confirm Koh Larn will remain open to domestic visitors for now

April 15, 2021 by thethaiger.com

PHOTO: Richard Barton / Flickr Officials in Pattaya and Koh Larn say there are currently no plans to close the island to visitors despite a man who worked briefly at a local restaurant testing positive for Covid-19. It’s understood the worker was employed from April 3 to April 6, before quitting. During his short employment stint, he visited a number of nightlife venues in Pattaya during the course of one evening, before returning to the island. The name of the restaurant where he worked has not been released. The man was later contacted by contact-tracers and subsequently tested positive for the virus. The Pattaya News reports that the restaurant on Koh Larn was closed for 3 days, with officials testing several people the man had come into contact with. It’s understood all have tested negative but are self-isolating for 14 days. No other infections have been recorded on the island, with officials confirming it can remain open to domestic tourists, with strict disease … [Read more...] about Officials confirm Koh Larn will remain open to domestic visitors for now

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ByteDance reportedly testing food delivery service via its Chinese version of TikTok

February 8, 2023 by www.moneycontrol.com

Users in the trial cities were able to order takeaway by accessing an option added to ByteDance's Douyin channels. Representative Image (Source: Reuters) Chinese technology giant ByteDance is purportedly testing a type of food delivery service in China via its short video app Douyin, which is the Chinese version of TikTok, CNBC reported on February 8. It is also considering extending the service beyond the trial. The move can potentially pit the company against major e-commerce companies like Alibaba and Meituan. According to the report, a Douyin spokesperson said that the company has been “testing a feature in Beijing, Shanghai, and Chengdu that enables merchants to promote and sell ‘group-buying’ packages to Douyin users in these select cities and have them delivered.” "We would consider expanding the feature to more cities in the future depending on the testing results. There is no detailed timeline yet,” a Douyin spokesperson told CNBC . Most often, restaurant … [Read more...] about ByteDance reportedly testing food delivery service via its Chinese version of TikTok

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Five Fintech Predictions For 2020, According To Kleiner Perkins

December 26, 2019 by www.forbes.com

Share to Twitter Share to Linkedin Monica Desai Weiss is an investor at Silicon Valley venture capital firm Kleiner Perkins, where she focuses on fintech and blockchain. Previously, she led operations and strategy at digital wallet startup Blockchain and was a bond trader at JPMorgan. Forbes spoke with her about the past year in fintech and her top predictions for 2020. The conversation has been edited for brevity and clarity. Forbes: For fintech in 2019, what events or milestones stand out as the most important? Desai Weiss: There were a few big themes. Financial services incumbents took notice of fintech startups, and some parts of the fintech industry matured. There were several mergers and acquisitions around payment processors [like Fiserv acquiring First Data]—these companies are coming to terms with Stripe and Square’s success in payments. There was also a great reckoning around trading fees. Schwab, TD Ameritrade and Etrade all dropped their … [Read more...] about Five Fintech Predictions For 2020, According To Kleiner Perkins

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Advance Auto Parts’ Cash Flow Increases The Safety Of Its Dividend Yield

February 7, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Recap from December’s Picks On a price return basis, the Safest Dividend Yields Model Portfolio (+10.1%) outperformed the S&P 500 (+3.0%) by 7.1% from December 21, 2022 through January 17, 2023. On a total return basis, the Model Portfolio (+10.3%) outperformed the S&P 500 (+3.0%) by 7.3% over the same time. The best performing large-cap stock was up 29%, and the best performing small-cap stock was up 17%. Overall, 16 out of the 20 Safest Dividend Yield stocks outperformed their respective benchmarks (S&P 500 and Russell 2000) from December 21, 2022 through January 17, 2023. This Model Portfolio only includes stocks that earn an Attractive or Very Attractive rating, have positive free cash flow and economic earnings, and offer a dividend yield greater than 3%. Companies with strong free cash flow (FCF) provide higher quality and safer dividend yields because strong FCF is proof they have the cash to support … [Read more...] about Advance Auto Parts’ Cash Flow Increases The Safety Of Its Dividend Yield

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Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup

April 1, 2020 by www.forbes.com

Inside the chaos at Synapse, where questionable management tactics by CEO Sankaet Pathak have left the company with its future in jeopardy. I n July 2019, the 29-year-old CEO of San Francisco financial technology startup Synapse scolded five of his engineers for not making faster progress. “Do you even enjoy this project?” Sankaet Pathak asked. “Not really,” the team’s leader answered. “That’s it, you’re out,” Pathak declared, firing the employee on the spot in front of his colleagues. Synapse’s Human Resources director, Juan Aguayo, confiscated the terminated worker’s key card and computer. But as Aguayo spoke, he received a message on his laptop, and his tone started to change. Minutes later, he said to the engineer, who was now crying, “Don’t worry, you’re not fired.” The dazed, confused employee went back to his desk. Pathak never spoke to him about the incident again, acting like it never happened. The engineer started looking for a new job the following week … [Read more...] about Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup

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How To Win Over Your New Customers

February 8, 2023 by www.forbes.com

Share to Twitter Share to Linkedin By Chris Christoff, co-founder of MonsterInsights , a leading plug-in for Google Analytics. Business leaders and marketers around the world are in a never-ending struggle to retain their customers. It’s no longer enough to convince someone that a product or service is worth an initial purchase. Instead, you must give users reasons to stick with your brand after their order. Returning customers spend more, view brands as more trustworthy and are more likely to tell friends and family about their experiences. In other words, retention is about more than keeping one customer; it’s about cultivating a community of people who trust and respect your business. There are quite a few ways you can create a top-notch customer experience and win over people from the moment they place an order on your website. Today, we will explore four strategies that can help you boost your retention rate and sales. Let’s dive in! … [Read more...] about How To Win Over Your New Customers

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