Modern loyalty programs of commercial banks
In the modern world, it is difficult to imagine a person who would not use bank cards. Due to its advantages and wide possibilities, this means of cashless payment has…

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Bill circulation in the bank
Bill circulation exists in the economic life of various countries for several centuries. During this time, considerable experience has been gained in the use of bills of exchange; there are…

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Diversify bank accounts or hackers steal your money. Or they are already stealing ...
Dangers lurk at our every corner. And only reasonable diversification, as insurance, is able to protect them from loss. Once I went on a tourist trip. Nothing serious: Europe, attractions,…

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Formation of approaches to the functioning of the bank in the context of sustainable development
The world community is unanimous about the need to make changes in the functioning of banks and an understanding of their role in the financial market. So, according to V.V.…

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financial worker

Know your customer: this is why banks WILL ask you awkward questions

Banks are fined hundreds of millions of dollars for insufficient customer verification. This is exactly what happened with the largest bank in Pakistan, which received a $ 225 million fine and is now forced to close a branch in New York.
In early September, Habib Bank, which is the largest in Pakistan, was sentenced in New York. According to the Department of Financial Services, the bank did not conduct sufficient customer audits that are required by New York law. The bank was fined $ 225 million for not combating money laundering and financing terrorism, for ignorance in an adequate form of reporting, and they demanded to close the branch in the city. Continue reading

Open a bank account in Germany

A bank account abroad is one of the most attractive and thoughtful products for diversifying currency risks and protecting its assets. In fact, to ensure that your money does not suffer from the introduction of currency controls, devaluation, depreciation and other related problems, the option of storing funds in foreign currency allows you to minimize potential risks. An account in Germany is one of the most attractive options in the world of offshore banking, where you can open a bank account. Continue reading

Interesting facts about the banking system

The Bank is an organization providing financial services to the public. This is its main purpose. Today, the number of branches is more than enough in any large city, and the world economy directly depends on these institutions and their leaders. The society will not be able to live comfortably without the use of tools that make financial activity as successful as possible. Continue reading