Category Archives: Financial

Now The Cash For Gold Is Reliable Old Gold Jewelry Buyers

Noida, Uttar Pradesh, India, 2019-Oct-09 — /REAL TIME PRESS RELEASE/ — This can be normal news for you but the people who are facing the problem when they want to sell old jewelry  and get disappointed or become hopeless that they are not getting a better cost for their ornaments just because they own old ornaments. It was a tough job in the market to the trading of old ornaments but now a company has solved the problem and in a way that it will never become a hassle in the way of selling jewelry at a high price.

The cash for gold Gurgaon is buying old jewelry at a high cost, yes good news that has excited the people who became hopeless and the people who are not getting better offers when they want to sell scrap at a high cost. This news had been spreading in the market in the way fire spread in the forest. Now it is attracting a large number of customers. Once again the best second-hand jewelry buyer in Delhi has surprised with this news. No one was thinking but they have done and now the leading scrap buyers are becoming the first choice. A big crowd of customers is waiting with their ornaments to be sold at an ultimate price.

The people were unaware of the fact that even the ornaments they have kept and forget are used to do any work as they can be costlier and if there is any reliable gold buyer in Noida then it will be the easiest task you have done ever. The trading of fresh articles is easy if you go to any shop or jeweler with your ornaments then you will see that how much low cost they are offering for your articles but now the best gold dealers had taken the responsibility to save all the people who have to sell gold at a high price.

The cash for gold has now reliable old gold jewelry buyers because of the customers who appreciated the cost and if it is asked a thousand times they are repeating just one name. This news was spread and the market of second-hand ornaments was stunned by hearing it but they also realized that the team of the company deserves this award as per their honest efforts in the correct direction.

About Scrap Buyers

The company pays the returns observing the current price of gold. The teams of leading scrap buyers in which most of the experts have the experience of more than ten years in the same work. This team has made the company lead the market as they had worked hard ignoring day and night to just dig out the best cost for the jewelry a customer brought to their company to sell. The procedures were made fast and as short as possible because they understand the situation of the person who came to sell jewelry for cash. Providing free services without taking any cost makes the customers happy and no deduction in returns maintains their trust in the company. The multiple methods of paying the returns are making people comfortable as it is given instantly the people get satisfied and happy. These are the reasons that made the company top jewelry buyers in the market.

Contact Information:
Goldbucks Cash for Gold
Shop No-109, first floor, P-6, Ocean Complex, Sector 18, Noida, UP – 201301 (India)
https://www.secondhandgoldbuyer.co.in/
goldbucksenterprisespvtltd@gmail.com
Tel: 9999821702, 9999821722

 

CoapTech and Fidmi Medical to Collaborate on Groundbreaking G-Tube Systems

Baltimore, MD, 2019-Sep-18 — /REAL TIME PRESS RELEASE/ — CoapTech LLC (Baltimore, MD) and Fidmi Medical, Ltd. (Caesarea, Israel) announced today that they will be collaborating on bringing to market a set of next-generation products for the initial placement and long-term maintenance of gastrostomy tubes (G-tubes). The collaboration between CoapTech and Fidmi will focus on integrating the company’s two technologies and expanding their collective market opportunities.

Gastrostomy tubes, which help patients receive long-term nutritional support, are typically placed endoscopically and need to be replaced every 3-6 months.

CoapTech’s PUMA-G System allows initial gastrostomy tube placement by non-surgeons/ gastroenterologists, outside of the endoscopy suite, using point-of-care ultrasound at the patient bedside. This novel approach can be performed in the ICU, emergency room, and eventually outside of the hospital setting, substantially reducing costs for tube placement.

Fidmi Medical’s innovative low-profile gastrostomy system is unique in that it can be utilized for both initial placement and replacement and has several features which make it more durable and comfortable for patients. Gastrostomy tubes very often get dislodged, clogged, or infected, and need to be replaced frequently. Fidmi’s improved low-profile gastrostomy tube is placed just like any standard PEG tube but has an easily replaceable inner tube which can be changed by patients without the need to re-enter the healthcare system for replacement procedures. This will result in fewer complications with patients’ g-tubes, therefore potentially reducing healthcare costs for payers and healthcare systems; as well as providing a substantial improvement in quality of life for patients and their caregivers.

Fidmi Medical Chairman, Lloyd Fishman, commented, “We are excited to collaborate with CoapTech in development and marketing. Both companies have developed cutting-edge technologies that will improve patient care and contribute to the ease, efficiency and confidence of clinicians’ work in the gastrostomy field.”

Dr. Steven Tropello, CoapTech’s founder and CMO said, “In combination these systems will be compatible with Push or Pull methods, be implantable in a wide variety of clinical settings, and require minimal readmission to the hospital and fewer visits to the ER. The synergy will reduce both front and back-end costs for hospitals and payers, and make care safer and more patient-centered.”

For further information, please contact:

Howard Carolan, CEO
CoapTech, LLC.
howard@coaptech.com

Shahar Millis, CEO
Fidmi Medical, Ltd.
shahar.millis@fidmimedical.com

(1) 443.745.1120

New Services Larry Hurt income Tax Services

Moreno Valley, CA, USA, 2019-Mar-12 — /REAL TIME PRESS RELEASE/ — Over 49 years preparing taxes for individuals and small businesses, able to assist individuals in the cryptocurrency business with their tax preparation(s), 16 years as a Notary and 8 years as a Signing Agent.

Experienced Owner with a demonstrated history of working in the consumer services industry. Skilled in Nonprofit Organizations, Budgeting, Business Planning, Microsoft Word, and Coaching. Strong entrepreneurship professional with a Master Degree focused in Human Resources Management/Personnel Administration, General from Golden Gate University.

I also severed 23 years in the US Air Force. For 22 years as an additional duty, I severed as the Unit Non-Commission Officer Tax Representative. My job was to assist military and civilian personnel assigned to the Base, helping or completing their Tax returns and answer tax questions. During tax season, I spent 4 hours on Saturday at the Base Legal Office assisting people with their tax returns. After retiring in 1991, I continued doing taxes and opened my own business.

My tax specialties are Individuals, Small Businesses, S Corporations, Nonprofit Organizations, Tax Planning, Uber, Lyft and CryptoCurrency. Thank you.

To learn more go to https://larrykhurtincometaxservices.nicbuilder

Contact-Details:
Larry K Hurt
13038 Pavillion Ct.
Moreno Valley, CA
Home Phone 951-653-2794
Fax 951-653-2794
larrykhurt_200@yaho.com
https://larrykhurtincometaxservices.nicbuilder

Santa Clara County Federal Credit Union’s Teddy Bears on Patrol Program Delivers 2,100 Toy Bears to Children in Need in 2018

For More than 20 Years, Teddy Bears on Patrol Continues to Bring Joy Over the Holidays.

San Jose, CA, USA — The Santa Clara County Federal Credit Union (http://www.sccfcu.org) is pleased to announce another successful year for its Teddy Bears on Patrol holiday program. This year, Teddy Bears on Patrol was able to bring 2,100 stuffed bears to cheer up needy children.

For more than 20 years, County Federal has sponsored the Teddy Bears on Patrol Program along with local law enforcement agencies, school districts, and organizations such as Santa Clara County Social Services, Parents Helping Parents, and the Rosa Elena Childcare Center (part of Respite & Research for Alzheimer’s Disease). The program was created to bring joy to children suffering from trauma or illness.

“The holiday season is a time of caring and sharing. Giving needy children their own teddy bear to love and comfort is our way of showing we care about our kids,” said Rebecca Reynolds Lytle, President and CEO of County Federal. “This has been a highly successful program over the years and our law enforcement and medical professional partners get just as much joy out of this tradition as we do. There’s nothing that brings more joy and comfort to a child in need than a teddy bear.”

New teddy bears were donated from mid-October to mid-December at County Federal branches. Cash donations were also accepted from County Federal members, as the credit union arranged to have bears purchased on their behalf. This year, County Federal employees held an internal challenge and were able to raise more than $1,000 in two hours to purchase even more teddy bears for the kids.

For more information, visit http://www.sccfcu.org/teddy.

About Santa Clara County Federal Credit Union
For more than 68 years Santa Clara County Federal Credit Union has been bettering the lives of county, city, and school employees and affiliated organizations. In addition to maintaining a passionate commitment to provide knowledgeable financial solutions to its members, County Federal also maintains an extensive community outreach program, providing educational support through its scholarship program and dedicating time and resources to a variety of regional non-profit organizations. County Federal offers a comprehensive line of financial products and preferred rates and is committed to empowering, enriching and enhancing members’ financial lives.

For more information, visit http://www.sccfcu.org.

Media Contact:
Marilyn Avalos
Santa Clara County Federal Credit Union
408.282.0782
mavalos@sccfcu.org

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Santa Clara County Federal Credit Union Promotes Montero and David to New Executive Roles

County Federal Names New Chief Administrative Officer and Chief Experience Officer.

San Jose, CA, USA — The Santa Clara County Federal Credit Union (http://www.sccfcu.org) today announced the promotions of Jennifer Montero and Divine David to new executive roles.

Jennifer Montero has been named Senior Vice President/Chief Administrative Officer. Jennifer has been serving as SVP/Organizational Development. She has extensive knowledge in the field of human resources management and specializes in high-growth operations and restructuring. Jennifer previously served on County Federal’s Board of Directors. In her expanded role, she will be responsible for providing strategic leadership in all human resource functions, learning and talent development initiatives, and special programs. Jennifer holds a bachelor’s degree in Business Management from San Jose State University.

Divine David has been promoted from Senior Vice President/Chief Lending Officer to Senior Vice President/Chief Experience Officer. Divine has a long history in banking, having worked with San Francisco Federal Credit Union, Provident Credit Union, Golden 1 Credit Union, and Bank of the West. In her new role, Divine will be responsible for enhancing the member experience and improving membership services. She holds a Management degree from Golden Gate University.

“Both Jennifer and Divine have been instrumental in helping us maintain the standard of excellence that members expect from County Federal” said Rebecca Reynolds Lytle, President and CEO of County Federal. “Expanding their roles allows us to have an even greater impact on the member experience and help us improve and expand our financial services.”

About Santa Clara County Federal Credit Union
For more than 65 years Santa Clara County Federal Credit Union has been helping county, city, and school employees and affiliated organizations with financial services to help them realize their dreams. In addition to maintaining a passionate commitment to provide knowledgeable financial solutions to its members, County Federal also maintains an extensive community outreach program, providing educational support through its scholarship program and dedicating time and resources to a variety of regional non-profit organizations. County Federal offers a comprehensive line of financial products and preferred rates and is committed to empowering, enriching and enhancing members’ financial lives.

For more information, please visit http://www.sccfcu.org.

Media Contact:
Marilyn Avalos
Santa Clara County Federal Credit Union
408.282.0782
mavalos@sccfcu.org

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Santa Clara County Federal Credit Union Sponsors Santa Clara Teacher Recognition Celebration for 23rd Year

County Federal Continues to Partner with the Santa Clara County Office of Education to Honor Teacher Excellence and Commitment.

San Jose, CA, USA — The Santa Clara County Federal Credit Union (http://www.sccfcu.org) is proud to be a sponsor of the Teacher Recognition Celebration organized by the Santa Clara County Office of Education (SCCOE) again this year. This marks the 23rd year that County Federal has partnered with the SCCOE to recognize teachers throughout the county for their educational excellence and commitment to their students, school, and the community.

The 2018 Teacher Recognition Celebration, held October 22, marked nearly 50 years of Santa Clara County honoring educational excellence, making the SCCOE Teacher Recognition Celebration one of the oldest and most prestigious in the state. The Celebration is held every autumn to applaud the outstanding work of teachers from every Santa Clara County school district. This year, 31 educators were honored for their outstanding work, as well as five teachers who received the STEM Teaching Award from event co-sponsor Texas Instruments.

“Educators are the unsung heroes of our community and we are proud to support Teacher Recognition Day as part our commitment to Santa Clara County,” said Rebecca Lytle, President and CEO of County Federal. “We have been serving county, city, and school employees for more than 65 years but we seldom have this type of opportunity to publicly recognize the professionals who work to make our community such a wonderful place to call home.”

The SCCOE created the Teacher Recognition Celebration to increase public awareness of the vital role educators play in helping youth and shaping the community, and to acknowledge the achievement, sacrifice, and training required of today’s teachers. Recognition also helps strengthen ties between students and teachers and promotes greater understanding between generations.

About Santa Clara County Federal Credit Union
For more than 65 years Santa Clara County Federal Credit Union has been helping county, city, and school employees and affiliated organizations with financial services to help them realize their dreams. In addition to maintaining a passionate commitment to provide knowledgeable financial solutions to its members, County Federal also maintains an extensive community outreach program, providing educational support through its scholarship program and dedicating time and resources to a variety of regional non-profit organizations. County Federal offers a comprehensive line of financial products and preferred rates and is committed to empowering, enriching and enhancing members’ financial lives.

For more information, please visit http://www.sccfcu.org.

Media Contact:
Marilyn Avalos
Santa Clara County Federal Credit Union
408.282.0782
mavalos@sccfcu.org

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Santa Clara County Federal Credit Union Adds Two New Vice Presidents to Leadership Team

County Federal Adds Senior Staff to Credit Union As Part of Ongoing Commitment To Extend Superior Services to Members.

San Jose, CA, USA — The Santa Clara County Federal Credit Union (http://www.sccfcu.org) today announced the expansion of its leadership team with the addition of two new Vice Presidents:

Carol Presar is the new Vice President of Learning & Talent Development with responsibility for employee training and human resources support. Carol has an extensive background in developing operational policies and procedures, instructional design, and enterprise-wide talent development. She previously worked with 1st Franklin/Merrill Lynch (now part of Bank of America) and holds a degree in Business Administration.

Steven Naylor is the new County Federal Vice President of IT Infrastructure. Steve has two decades of IT experience, including financial systems design and management. He comes to County Federal from Technology Credit Union and holds a bachelor’s degree from San Jose State University as well as a Business degree from West Valley Mission College.

“The success of any credit union hinges on the quality of service to its members, and as part of our commitment to our members, we seek out corporate leaders who share our vision and dedication to excellence,” said Rebecca Reynolds Lytle, President and CEO of County Federal. “As our new Vice Presidents, Carol and Steve bring extensive experience and fresh expertise to help County Federal enhance our member services and improve the membership experience. We are delighted to welcome these credit union veterans to the County Federal family.”

About Santa Clara County Federal Credit Union
For more than 65 years Santa Clara County Federal Credit Union has been helping county, city, and school employees and affiliated organizations with financial services to help them realize their dreams. In addition to maintaining a passionate commitment to provide knowledgeable financial solutions to its members, County Federal also maintains an extensive community outreach program, providing educational support through its scholarship program and dedicating time and resources to a variety of regional non-profit organizations. County Federal offers a comprehensive line of financial products and preferred rates and is committed to empowering, enriching and enhancing members’ financial lives.

For more information, please visit http://www.sccfcu.org.

Media Contact:
Sandy Roque
Santa Clara County Federal Credit Union
408.282.0722
sroque@sccfcu.org

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Make best use of Online Banking and stop wasting time

NEW YORK, NY, USA, 2018-Sep-26 — /REAL TIME PRESS RELEASE/ — Most of the systems we are already used to, we do not know how they work, for we are always thinking we know enough that they work and we trust them. But honestly, do you think you know enough about online banking? Here you will find some facts that might be useful for you to know!

Here you will find useful information you will better have on mind, and also excellent reasons for using online banking services and some advices for being always safe and security.

Sometimes if your internet connection is not that good, it might be hard for you to access to your bank through your conventional online banking portal, so these online banking apps and services might help you to access in an easier, lighter and safer way anytime you need!

Online Banking – When and how did it start working?
Did you know it? The first online banking systems that gave origin of the ones you use today EVERYDAY were introduced in the early 1980s in New York when four of the national banks started offering the revolutionary home banking services, allowing the clients and small businesses to have a quick online banking check.

On the same way, the online banking started also on the United Kingdom around those years when the Scotland Bank and the Nottingham Building Society provided the Homelink service for giving their users the opportunity of viewing bank moves on a computer.

But it was only until 1994 that the banks around the entire globe started using the internet for posting their advertises, and then in 1995 they started offering to the clients the possibility of managing their money online through a home computer, and this came to be the online banking of nowadays.

https://youtu.be/RpVy-gIaEOc

The greatest benefits of using the Online Banking
As everyone knows the major benefits of using online banking are mainly two: security and comfort. With the online banking services you can make all your money-related operations without needing cash or personally going to the bank.

Paying your services with no delay
These services might help you regardless of your bank, they will help you to manage all your bank moves for having an easy, confortable, secure and practical administration of your money, you can make routine pays like paying electricity, water and gas services without losing any time of your day.

Your pays to third ones can also be made much easier with these online banking services, for they will offer you an easy platform where you can quickly see and control your bank accounts.

Manage all your accounts and save your time and money
These services might also help you if you manage more than one bank account, so you can control your money in any of them more easily and in a more ordered way. You do not need to waste any passage fees anymore if you do not live close to any bank, you can make all your processes from your home computer or even with your Smartphone.

It is really easy to look by yourself if you prefer right now, on Google Play Store for these apps for the one you prefer the most, we just advice you to read enough about each app of services and be aware of the reviews to know if it is safe and if it has the functions you need.

Most of these online banking services also have apps you can download for always having a control of your money in your pocket. You can pay the balance of your telephones, your internet service and the rent of your home (if you have to) through online banking.

Risks and security advices while using online banking
If you are already an online banking user or you are considering being one, here are some advices to keep security, for there is no infallible system and you can help these to be safer and securer. What you can do is always good for making sure your security and your money’s.

Many online banking services keep you safe with logging you out every time you finish your operations, if you close the app or delay too long in doing something in it, it might close your account for your security, so you better remember always your user name and password.

It is not recommendable to have your password written in a paper or in any digital way inside your phone, always protect your device with a locking pattern, or even better, a password or a PIN code, these last two methods are more efficient and safer than the pattern that could stand marked on the screen of your smartphone.

Install a VPN app for your security
Sometimes when you connect to the public WiFi and start making your bank moves from your smartphone or laptop, there are hackers who are connected to the same network that you are, and they can hack your information even from your online banking accounts, everything you send could be intercepted by them.

The makers of the online banking services and apps nothing can do against that, but you can! There are some programs or apps that are known as VPN. What are the VPN programs and apps? The letters are for Virtual Protected Network, and it makes that all your information is encrypted and it makes it harder to be hacked and intercepted.

If you protect your phone and your laptop with VPN programs, the hackers will have it MUCH harder to intercept your data and force your online banking accounts.

Follow carefully all of these advises and your online banking account, passwords, and information will never be hacked! You can then research by yourself and keep reading for having enough knowledge about the system of online anti-hacking security you are willing to install and make use of.

At this moment me do not recommend you one specific VPN app or program, we just let you know about its existence and we strongly advise you to start researching about them, so you can find exactly the one you need for your phone, or your laptop.

Do not waste any time or disk space on installing a program that is too heavy and has too many features that you do not actually need, just look for the program you do need.

It is also recommendable that you read carefully every contract of terms and conditions and politic privacy of the apps you install and the programs you use in your laptop for applying the online banking services.

Benefits of online banking
If you have no fear to innovate and start tasting the great advantages of adapting to the new technologies, then, you will make good to start trying new systems of online banking like apps and webpages that are quick and easy to access, you will see in your own experience the next benefits:

First of all, you will reduce the time spent in executing financial operations. Only thing you need to do is to be connected to the internet from your home, your office or any mobile web (remember to use VPM systems to protect data), and then you will have all your money in your hand, easily manageable.

Have your bank at the reach of your hand
Make your bank moves from everywhere you are, you can do it from your laptop or your smartphone, only thing you need to do is to have internet access and then you can review your account state, transfer money and pay fees. Usually, these mobile online banking services are free and the only charge you could get is with your mobile company and the kind of plan you have contracted.

You can make more than one banking operation: moves, credit card pays, pay of services, recharge your air time and according to specialists, 20 per cent of people access to online banking through internet through these kind of mobile devices.

Keep the control of everything easily
You can have control of your money and account pays, and then stop losing any more time visiting the bank, with online banking aside of avoiding the printed account states, you can pay your accounts and maintain all your pay registries in only one place and very easy to find. If you prefer, you can also program automatic pays using your credit or debit card, like the pays of your services of water, electricity and telephone.

Stay safe with your money
Security with your operations is supported by your username and your personal unique password (and this is one you can change periodically), and also you have the token, that is a numeric code that changes every 60 seconds, and that you have to introduce to connect to the online banking.

Many online banking methods also work with security images, which are unique and are impossible to be identified or distinguished by a computer, so it cannot be violated with robotic systems.

Contact-Details: martin.soto@dahseo.com

Zuuse to acquire GCPay, a leading North American provider of construction payment applications software

Melbourne, Australia, 2018-Aug-15 — /REAL TIME PRESS RELEASE/ — Zuuse has entered into an agreement to acquire GCPay.com (GCPay), a leading North American provider of cloud collaboration software aimed at streamlining the payment applications process in the building and construction industry.

The acquisition will provide Zuuse with a critical toehold in its largest global market, with almost 40,000 users of the software platform in the USA, including General Contractors, Owners, Developers, Financial Institutions, Government Agencies, Engineering and Architectural Firms, and Subcontractors.

Together with complementing its Payapps cloud collaboration platform in the APAC and EMEA markets, GCPay will help strengthen the Zuuse global product portfolio in the building and construction software sectors.

The GCPay software solution is consistently aligned to the Zuuse strategy and customer base, offering a strong standalone solution as well as integrations with Sage and Viewpoint construction ERP systems, and aligning with other partners.

Zuuse CEO, Jason Lilienstein, said, “This is an exciting acquisition for Zuuse and brings us a major step closer towards becoming a leading global provider of construction and building operations software. The integration of GCPay’s market leading technology will consolidate our position as an industry leader in cloud collaboration payment applications software to the global construction industry, together with further establishing our presence as a leading disruptor in the broader, high-growth AECO (Architecture – Engineering – Construction – Owner Operations) market.”

Systems and processes in the AECO sector are still largely fragmented, manual or paper based, and these inefficiencies result in customers losing time, money, information and resources. Lilienstein, added, “Today’s announcement further exemplifies the customer-centricity and the power of Zuuse, in providing construction and building operations software solutions for our customers which tackle these inefficiencies head-on, working with everything from day to day operational issueson the construction and building site, to long-term strategic asset and facility management issues.”

GCPay COO, Daniel Brunelli, said, “The coming together of our companies is an excellent outcome for all of our stakeholders and most importantly for ourcustomers. The combination of our businesses provides both parties with the expertise, scale and reach needed to provide our customers what they need, when they need it, anywhere in the world.

As a part of the broader Zuuse business, GCPay will be better equipped and resourced to deliver greater value to customers, including extending our existing product functionality as well as broadening our product offering to better fulfil the evolving needs of the growing construction industry. We are tremendously excited by the prospect of what Zuuse and GCPay can achieve together, and I look forward to sharing these benefits with our customers.”

The acquisition is subject to customary closing conditions and is anticipated to be completed in the third quarter of calendar year 2018.

About Zuuse:
Zuuse is a leading global software provider in the construction and building operations sector. Zuuse’s construction solutions handle payment applications, seamlessly carried through to building operations with asset and facilities management, BIM in FM, and lifecycle costing and management. With over 4,000 asset owner, operator, general contractor and subcontractor customers worldwide, Zuuse offers software solutions which are revolutionizing the performance of assets from beginning to end – and all the time in between. Zuuse is headquartered in Melbourne, Australia, and has operations throughout Australia, New Zealand, the UK, and the USA.

About GCPay.com:
GCPay is a leading North American provider of cloud collaboration software aimed at streamlining the payment application process in the building and construction industry. GCPay automates construction subcontract management processes, specifically invoicing, compliance and lien waivers. With integration partners such as Viewpoint, Sage, and payment processor AvidXchange, GCPay cuts costs, improves compliance and reduces risk by streamlining subcontractor management and payment. Founded in 2002, GCPay is headquartered in Richmond, VA, USA.

zuuse.com | gcpay.com

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Contact-Details: Phil Rock / Director of Marketing
+61 479 012 551
phil.rock@zuuse.com

Consumer Loan Market Is Growing

New York, NY, USA, 2018-Jul-03 — /REAL TIME PRESS RELEASE/ — During last ten years, there were significant investments in the personal loans market. It was possible due to the inflow of capital and innovative technologies, which caused a doubling of the market.

Although, according to many financial websites, originations of personal loans are falling. It started with refusals to borrowers with a credit rating below 600, which didn’t take place since 2012.

Despite the decline in the origination of loans, all other data shows an increase of interest of the borrowers to this bank product.

The market for unsecured loans grew by 10.8% in 2017. And financial analytics are talking now about a great prospect for the development of this market segment.

According to statistics in 2017, 10% of respondents applied for a personal unsecured loan, a greater interest was shown to credit cards (65%) and auto loans (26%).

Banking CEOs are Concerned About FinTech

The lending market has a long history and now it is experiencing one of the most historical phases.

One of the biggest changes became a rapid development of FinTech (financial technologies).

Several years ago banks and other traditional financial structures were skeptical about online loans. Now 81% of banking CEOs are worried about such fast FinTech development.

Such concerns are reinforced by the fact that financial Internet structures have become quite competitive. Applying to a lender online, via a certain website connecting the customers with the direct service providers, the borrower gets a wide choice: unsecured personal loans, same day loans, debt consolidation etc. In addition to this sophisticated credit models and new anti-fraud mechanisms makes online financial services more attractive than banks.

The Most Popular Loans

According to the last statistic data, the most popular loan products are unsecured personal loans and installment loans. These loans are the most convenient and profitable for the borrowers. Same day payday loans are also popular, but they are most often used in urgent cases when money is needed for a short period of time. In such cases, 24/7 loans are more convenient, since it is easy to get and the money is being accrued to the bank account of a borrower in short period of time.

The thing that makes personal loans one of the most attractive types of financial products is its uniqueness. It can be used for any purpose: making a big purchase, paying for a wedding or vacation, etc. However, the most common reasons for obtaining a personal loan currently are:

1. Debt consolidation (35%).
2. Household expenses (19%).
3. Medical expenses (9.9%).

Statistic data shows that the purpose of the loan doesn’t affect the chances of the borrower to get approved.

Summing up, the consumer credit market is experiencing rapid growth. Personal loans are attractive to the borrowers because of the affordable interest rate and quick receipt of funds. FinTech is developing and expanding, thus the number of lenders increases and the borrowers have a wide choice.