Author: hafiz 2012

Posted in Business

New financial benefits give small business employees early wage access

Mandatory quarantines and business closures during the coronavirus pandemic have taken a particularly large financial toll on small businesses, forcing many employers to reduce wages and health coverage.

Sixty-five percent of small businesses said they were either extremely concerned or very concerned about how the coronavirus will affect their business, according to a survey by Freshbooks. In addition to financial pressure, small business employers are also tasked with providing benefits that will support struggling employees.

“COVID-19 just exacerbated what was going on in the market and put even more pressure on small companies and their employees,” says Emily Ritter, head of product marketing at Gusto, a payroll and employee benefits platform for small businesses. “Employees across America are living paycheck-to-paycheck and the stress of that can be expensive for households.”

Gusto has launched a new set of health and financial wellness benefits to provide employees with early access to

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Posted in Finance

SkipTheDishes co-founders look to shake up banking as Neo Financial hits the market

Neo Financial, the new Canadian FinTech startup focused on challenging the status quo in banking, has begun rolling out its services in Western Canada.

Neo Financial is a Prairies-based startup created by SkipTheDishes founders Andrew Chau and Jeff Adamson, alongside Kris Read. It is the newest challenger bank entrant into the Canadian financial market and is on a mission to re-imagine everyday banking.

After spending the first year and a half of its existence building out its tech and banking infrastructure, Neo has officially brought its financial services offering to market.

“What we’re building is a foundation for a bank that can compete with the Big Five.”
– Andrew Chau, Neo Financial

Over the last couple of weeks, Neo began offering its savings account, Mastercard, and merchant rewards program to a select number of individuals on its 30,000-plus waitlist. With a current focus on Western Canada, Neo hopes to have

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Posted in Insurance

My Year Without Health Insurance

Walking into a cancer center in search of a diagnosis can be frightening, but it gets a little less so each time I do it. I know where the good parking spots are, what departments have snacks, and which doctors tell you the whole truth. I’m highly accomplished at cancer. But last summer, for the first time ever, I walked into my cancer center without an essential tool: health insurance.

Unlike so many people in the United States, my husband and I had a choice after we joined the 26.1 million Americans who had no health insurance in 2019. I say “choice,” though all our options were bad.

We are middle-income, with an adjusted gross that fluctuates between $80,000 and $120,000. But because we are self-employed, that income gets chiseled away aggressively by health insurance. Until May 2019, the two of us were paying $25,000 a year for a “gold”

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Posted in Money

Is Your Digital Twin Naughty Or Nice?

Talk of digital twins ordinarily sparks associations with evil lookalikes and doubles, who have appeared in Gothic novels and horror films for centuries. The notion is not entirely out of place.

Fraud is now the most common crime in the UK, with identity fraud taking the lion’s share at 58%, with 223,163 cases recorded in 2019 alone. 19 out of every 20 identity frauds involves a fraudster who has used an innocent victim’s name to apply for products and services. Roughly half of all identity fraud is linked to the misuse of a bank account, and worryingly, malicious actors are increasingly praying on the young and over 65s. For those affected, the ordeal may feel like discovering they have an evil (digital) twin, who is out to get their hard-earned money by masquerading as them online.

Creating a digital identity hasn’t

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Posted in Personal

Funniest Bitcoin Scams

I have just recently started trading on Bitcoin Revolution, a website that I found on Suomiarvostelut. However, before I was able to start doing so, I did a bit of research on what I should be doing when trading with Bitcoin.

Because of what I was googling, managed to find my way onto some rather interesting mailing lists. I have to applaud these scammers, even though I live in Finland. They’re all over the world, some of them can come up with some rather creative ideas for how to convince me to try and give them some of my bitcoins.

Video Evidence

You’ve heard those stories. Your friends are telling you that they’re sure somebody is hiding in their laptops webcam and watching everything they’re doing.

Of course, you know that’s true, and they’re just being paranoid.

But what if it was?

Some scammers have taken that idea … Read More

Posted in Personal

Black woman face uphill fight in business

Zoe Nicholson
 
| Erie Times-News

GREENVILLE, S.C. – As a Clemson University student in the ’90s, Nekita Sullivan and her friends had to pile in a car and drive to Greenville, Seneca or Anderson for Black beauty products and hair care. 

The inconvenience of traveling two or three towns over for beauty care gave Sullivan an idea: a multiethnic beauty bar where students and university employees of all races and hair textures could go in the heart of downtown Clemson. 

Sullivan finally realized that dream after more than 20 years, but she didn’t know how difficult it would be. 

Women, especially women of color, face more obstacles than their white, male counterparts when opening a small business, according to Ana Parra, director of the newly opened Women’s Business Center in Greenville, S.C.

For Sullivan, it took nearly three years after signing a lease in downtown Clemson, to customize her salon

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Posted in Business

How to choose a health insurance plan for a small business

Running a small business has a lot of demands, including everything from perfecting your products to fixing an overflowing toilet. But one of the trickiest parts can be finding the right health insurance for you and your employees.

Under the Affordable Care Act, companies with 50 or more full-time employees or the equivalent in part-time employees have to provide health insurance to employees and their dependents or pay a fine, $3,860 per employee in 2020. Consequently, 83.1% of American workers were offered insurance in the first quarter of 2016.

Smaller businesses with fewer employees, however, are exempt. So, should your small business provide insurance? That depends on several factors, like can you afford it and do your employees need it?

If you hire mainly high school or college students who are covered under their parents’ insurance, you probably don’t need to induce them to work with health coverage. But if

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Posted in Finance

DiscGenics Appoints Former Medtronic Spine and Biologics Finance Executive as First Chief Financial Officer

Mr. Poole has over 13 years of progressive finance leadership experience in medical devices, and significant experience within the spine market, most recently serving as Vice President of Finance for Medtronic Spine and Biologics, a major division of Medtronic, PLC. In this role, he served as CFO for the global business unit with over $2.5 billion in annual revenue responsibility. Mr. Poole also has extensive international experience, particularly in Asia Pacific, where he held various leadership positions with increasing levels of functional and strategic responsibilities and commercial exposure to developed and emerging markets. He is also fluent in Japanese and has lived and worked extensively in Japan, where DiscGenics has a significant financial and commercial interest.

Mr. Poole’s appointment closely follows DiscGenics’s announcement last month that it raised $50 million in its Series C round of funding, bringing total investment in the Company to just over $71 million

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Posted in Insurance

Shopping for health insurance? That plan you’re buying might fall short

Marko Geber | DigitalVision | Getty Images

Open enrollment for health insurance is around the corner. That means if you’re shopping on your own for medical coverage, be on guard.

New research from the U.S. Government Accountability Office found that some insurance agents engaged in potentially deceptive sales practices when marketing health care coverage.

From November 2019 through January 2020, representatives from the Congressional watchdog posed as customers shopping for insurance. The GAO’s representatives said they had pre-existing conditions, such as diabetes or heart disease, and said they sought coverage for those illnesses.

Of the 31 interactions the representatives had with insurance agents, there were eight cases in which the insurance professionals engaged in “potentially deceptive marketing practices” – including claiming the pre-existing condition was covered when the health plan documents indicated otherwise.

In one case, a sales representative told the GAO multiple times that the plan would cover diabetes

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Posted in Money

The rise of digital during and after COVID

In one of our earlier columns, we noted, citing its central bank, that the volume of digital payments in Ghana increased by 81 per cent in Q1 2020.

The lockdown in response to COVID-19 was the main factor although we should also mention the judicious waiving of fees on mobile money transfers. From a webinar on digitalization this week, we have learnt about the impact of COVID-19 and the broader direction of the process.

A senior employee at a Pan-African Bank stated that COVID-19 had brought a major shift in customer behavior and noted a steep increase in the use of the ‘chat’ facility for the asking of questions. The sale of products on digital had also picked up.

We learnt from a fintech company which provides business loans for small and micro enterprises via mobile money in East Africa that it had stepped up its lending during lockdown. It

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