Crowdfunding technology has allowed a proliferation of innovation in numerous industries since its inception. This is more evident in the recent announcement of the wearable payment technology ring that is being released into the market after the partnership between Psi-Pay and Kerv Wearables. Psi-Pay has announced that the new contactless payment ring will allow individuals to make purchases both in physical locations and online easily just using the ring on their finger.
Psi-Pay is already well known around Europe is one of the leading financial technology companies. They have allowed the use of digital wallets around the world and the recent innovation in the contactless payment ring will only further prove their dominance of the industry. The new technology would not have been possible without their partnership with the wearable technology company Kerv Wearables. The leadership staff present in both of the companies have publicly stated that they are very pleased with the results of their business partnership.
Another source of innovation within the financial technology industry in the past several years has been the introduction of digital wallets. These digital wallets have been able to take the place of traditional physical wallets, particularly in the European zone of influence. This has been made possible by another business partnership made between Psi-Pay and digital wallet service company Ecopayz. Users of that service have been able to pay incredibly low fees for the use of their wallets and are able to choose from five different levels of membership. Each level of membership is able to have international currency transfers that are free of charge. Psi-Pay has been allowed by the governments of the European Union to issue master cards that have been prepaid for the use of their service. The growth in the use of digital wallets has allowed consumers convenient ways to make payments. The adoption rate of this new technology has been increasing in recent years, and now over 80% of sales terminals in the Netherlands allow the use of contactless payments. One key benefit of the use of digital wallets is that they are typically much more secure than physical wallets.
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The Next Phase for Banco Bradesco
Banco Bradesco is the second largest bank in Brazil. The bank is located in São Paulo. They have recently announced a new president to succeed their current president, Luiz Carlos Trabuco. Luiz Trabuco has been involved with Bradesco since 1969, and has been the president and CEO since March 10, 2009.
Octavio de Lazari Junior is set to takeover the position of Trabuco. The assets of Banco Bradesco are approximately $1.3 trillion as of 2017’s closing number. Both Trabuco and Lazari have been involved in the banking industry long-term.
Brandão’s departure from Banco Bradesco was announced earlier than originally anticipated. He was originally set to stay in position until March of 2018. Luiz Trabuco will fulfill his position as well as Brandão’s until March.
Read more: Bradesco anuncia novo presidente: Octavio de Lazari Junior vai substituir Luiz Carlos Trabuco Cappi
Trabuco commented on Seu Brandão’s lasting impact on Brazilian banking. He accredits Brandão for the construction of the system, and says he helped evolve the country for future developments. The main concern of Trabuco is to ensure the bank continues to grow and think innovativly, even with his departure according to istoedinheiro.com.br. Brandão’s initiated the purchase of HSBC, which furthered the acquisition of new clients. Trabuco describes Brazil as a country with economic and social mobility.
Luiz Trabuco spoke on a statement made by Aguiar regarding the cultue of the bank. Trabuco said he aims to keep the culture at top priority, yet still actively advance the organization. Trabuco said the mission is not just about maintaining their position, but advancing and growing collectively. With any business, there are highs and lows, but Trabuco has been resilient to the any minor adversity over his four-decade career.
Luiz Carlos Trabuco
Luiz Carlos Trabuco received a degree from USP’s School of Sociology. He earned credits in Science, Philosophy, Language and Art from the University of Sao Paulo. He fulfilled the position of Managing Director and Vice President since March 1999. He also fulfilled the position of Departmental Director from the years 1984 to 1992. He served as the President of ANAPP from August 1994 to August 2000. He also served as a member of the managing board ABRASCA from July 2000 to February 2003.
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Equities First Holdings established in 2002 is centered in Indianapolis, Indiana with a satellite office in New York City. It specializes on providing securities based lending services for businesses and individuals seeking non-purpose capital. Being a global source of capital, Equities First Holdings lends its clients up to 80 percent of the stock’s value, although the amount hardly exceeds 60 percent. Inclusive of the law terms is an attractive 3-percent to 5-percent interest rate over three years. Clients have more flexibility with their capital since stock loans are non-purpose in Equities First Holdings.
Clients of Equities First Holdings are both institutional and retail investors whose loans range from $100,000 up to $8 million. They may request for loans for various reasons, from paying off a residential mortgage to diversifying company holdings. The loans are secured through stocks which trade as pink sheets on Dow Jones or over the counter.In Australia, Equities First Holdings was first known as Meridian Equity Partners. It has branches in Melbourne, Sydney and Perth. It is a subsidiary of Equities First Holdings LLC. Its president is a 47- year- old Al Christy Jr who monitors the performance of the company’s stock. He refers to Equity First holdings as a private equity firm that is not limited by regulations of Securities and Exchange Commission and Federal Reserve to lending not more than 50 percent of a stock’s value.
Other than lower interest rates and higher loan values, other features that make Equities First Holding’s business model attractive include that once a stock drops below 80 percent of the loan value, lenders can pay the difference to get the loan out alternatively they can choose to walk away from the stock. Another feature is that if a stock performs well and is worth more than at the time the loan was traced, the company returns the whole amount of the collateral, and the lender keeps the extra profit.
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