Category: Finance

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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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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Bailout of financial sector during Great Recession was a bad deal for taxpayers

monopoly
Credit: Pixabay/CC0 Public Domain

U.S. taxpayers did not earn a fair return on the 2008 government bailout of financial institutions, according to new research from the University of Michigan’s Ross School of Business.


When the government completed its Troubled Asset Relief Program in 2014, the results were widely described as taxpayers getting back their full investment, plus interest.

“This is a misleading claim. Unfortunately, this narrative has found a large audience and it misses the point,” said Amiyatosh Purnanandam, professor and chair of finance. “The real question is whether the return was good enough for the risk, not whether it was positive.”

Purnanandam and Ross doctoral student Thomas Flanagan recently published a paper examining the issue, and Purnanandam discussed their research:

What’s the problem with the way the TARP returns are often described?

Taxpayers poured hundreds of billions of dollars into the financial system in 2008 to assist financial firms

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Second stimulus check: Do you count as an adult? The IRS’ definition

money-dollar-bills-cash-stimulus-taxes-covid-coronavirus-america-7017

Find out if you’re eligible to get a stimulus check on your own, or if you are claimed as a dependent.


Angela Lang/CNET

At age 18, you’re old enough to vote, get a driver’s license, enlist in the military, attend college and get married. However, when Congress approved the first round of coronavirus stimulus payments in March, most young American adults weren’t eligible to receive a check of their own — or any money at all. An estimated 13 million young people aged 17 to 24 who were claimed as dependents were excluded from qualifying for a stimulus payment. 

The latest stimulus proposal passed by the House of Representatives last week (which some call the Heroes Act 2.0) still includes a second stimulus check of up to $1,200 for eligible adults, and adds $500 for any person claimed as a dependent, regardless of age. But that doesn’t

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The Definition of Liquidity in Finance | Small Business

The amount of cash a company has on hand or can generate quickly reveals how healthy the company is financially. High levels of available cash indicate that the business can pay off debt easily when due dates occur. The types of assets a company has and the marketability of those assets are where a discussion of financial liquidity begins.

Assets

Assets are any item or thing owned by a company and are broken into four categories: current, investment, intangible and property, plant and equipment. Current assets are cash, items that can be easily converted into cash or items that are expected to be used or gone within the fiscal year. Investment assets are stocks, bonds and other financial instruments that have a cash value. Intangible assets are things that have long-term value to the company such as patents, formulas and other proprietary information. Property, plant and equipment are long-term tangible

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Leaked EU Draft Proposes All-Encompassing Laws for Crypto Assets

A leaked version of rules to be issued later this month by the European Commission proposes an all-encompassing set of regulations covering the trading or issuance of digital assets across the 27-nation bloc. 

Europe’s Markets in Crypto-Assets (MiCA) draft legislation provides legal certainty around crypto assets – cryptocurrencies, security tokens and stablecoins – along the same lines as Europe’s Markets in Financial Instruments Directive (MiFID), a legal framework for securities markets, investment intermediaries and trading venues. 

The takeaway is that Europe intends to treat crypto the same as any other regulated financial instrument, which will doubtless provide legal clarity. The unknown is whether that may stifle this nascent and fast-moving space.  

The MiCA proposals begin with a broad definition of crypto assets and a base set of rules that apply to the issuers of those assets and service providers, the latter is more or less in line with the Financial

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The West Live: Federal Finance Minister Mathias Cormann claims WA won’t be off table at National Cabinet

WA Liberal senator Mathias Cormann will join The West Live today to discuss why the Federal Government wants fortress WA to reopen and to create a national definition of a COVID-19 hotspot.

Australia’s longest-serving Finance Minister will join The West Live this morning ahead of a National Cabinet meeting to discuss State border closures and the definition of COVID-19 hotspots.

Prime Minister Scott Morrison is expected to fight to re-open borders at the conference.

Mr Cormann has previously spoken out about the reopening of his home state, claiming WA Premier Mark McGowan’s border decision was politically driven.

The West Australian yesterday revealed Mr McGowan’s already sky-high approval rating had improved from 87 per cent in June to 91 per cent this month, while 92 per cent of sandgropers polled supported his border stance.

While Mr Cormann claims WA’s borders are not going to be left out of the discussion, The

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Posted in Finance

Stimulus check: Do you count as an adult? Here is the IRS definition

money-dollar-bills-cash-stimulus-taxes-covid-coronavirus-america-7017

Find out if you’re eligible to get a stimulus check on your own, or if you are claimed as a dependent.


Angela Lang/CNET

Once you reach age 18, you’re old enough to vote, get a driver’s license, enlist in the military, attend college and get married. However, when Congress approved the first round of coronavirus stimulus payments in March, most young American adults weren’t eligible to receive a check of their own — or any money at all. An estimated 13 million young people aged 17 to 24 who were claimed as dependents were excluded from qualifying for a stimulus payment. 

It’s possible that another stimulus bill would change the qualifications (here’s where negotiations stand). But if it doesn’t, young people may still not get their own check for up to $1,200. All may leave you wondering when it’s possible for someone under age 25 to

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Posted in Finance

Personal Finance Management (PFM) App Industry Explained

  • The personal finance industry is becomeing indundated with advanced technology and digital startups.
  • We’ve outlined some of the recent trends and projections of this rapidly changing market.
  • Insider Intelligence is launching Financial Services to help subscribers stay ahead of the technologies transforming the full spectrum of finance, including fintech, banking, and payments. Click here to learn more. 

Creating a long-term budgeting plan and managing investments has never been easier. With digital-only banks and financial startups increasingly offering the latest personal finance management (PFM) features on their mobile apps and services, consumers can monitor their financial health with the push of a button. 

AI Driven Personal Finance Management

PFM software are tools that allow users to better manage their finances.

Business Insider Intelligence


And as the PFM industry becomes more and more saturated with these digital competitors, legacy players are being forced to improve their own suite of personal finance tools. 

What is personal finance management

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Posted in Finance

Mobile Health Apps and Solutions Market worth Observing Growth |

Mobile Health Apps and Solutions Market

Global Mobile Health Apps and Solutions Market Research Report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2027. This report gives you so important and essentials data of Market size, share, trends, Growth, applications, forecast and cost analysis. Delivery development in North America, China, Europe, and South East Asia, Japan as well as in the Globe. The report proves to be indispensable when it comes to market definition, classifications, applications and engagements.

The market report also computes the market size and revenue generated from the sales. The industry analysis report presents the key statistics on the market status of global and regional manufacturers and also acts as a valuable source of leadership and direction. What is more, the Mobile Health Apps and Solutions market report analyses and provides historic data along with the current

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