Regardless of the loan you’re applying for, all lenders should conduct a number of checks to determine whether you can comfortably afford the loan. As part of the Financial Conduct Authority’s (FCA) responsible lending rules, all financial institutions lending money…
Are you even allowed to rent a money transmitter license? A question I get often is if one can ‘rent’ a money transmitter license? The answer is essentially yes, but comes with a caveat. I did a short video on…
A lot of my banking friends are baffled why we make such a hue and cry for all things digital, specially when it comes to banking and payments. The simple answer is quality. Theory versus Reality. Let me explain… In…
I always keep saying, we don’t read enough of our history, but then again, we only have so much time. When one hears about the East India Company, we automatically equate the same to the British and their rule over…
Introducing Libra and Calibra Well. The inevitable moment arrived. Facebook has formally announced their plans to build a cross-border payment system that utilizes a form of stable coin, cryptocurrency and blockchain. A global currency called Libra, and the wallet that will…
Running a successful business isn’t easy. With a large number of jobs that need to be completed every day as well as staff to keep on top of there are a number of reasons why your business finances need to…
I did a presentation on this long ago (The original presentation can be downloaded from here: Uberization of Money Transfer: 12 Questions every small and medium, independent money transfer operator should ask themselves). For months I’ve been thinking of doing…
A question usually asked is How does my fee work? Here is the straight forward and candid answer. How I Used to Charge… Usually, I used to work on a success based model. Let me explain what that means. This…
The good folks at PayActiv put this infographic out a couple of days ago. Worth sharing. — This page was last updated on September 1, 2022. –
The crypto epoch is upon us. Today, more and more financial institutions are starting to wake up to crypto, look at it, and stop dismissing it with a wave of their hand. Very recently, Bank of Lithuania, which had a…