What Happens if You Do Money Transfer Transactions Without A License? When you do multiple money transfer transactions without a license, you are not only breaking the law! You’ve already broken the law. If you knowingly do this as a financial intermediary, and you have exceeded the limits as imposed for non-professional vs professional (licensed) …
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 to customers need to consider a number of different factors to ensure that the applicant …
Affordability Checks: How Lenders Determine Eligibility For Loans Read More »
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 this as well: First of all, here is what the Money Transmitter License Application Process …
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 a bank, there are various HR manuals. How to deal with clients? What client services …
Quality on the App versus the Experience in Person in Banks Read More »
Hi. I have penned down my thoughts on the digital economy eco system and its potential that we are missing out on as precisely as possible. I will now request both big players doing e-com and small companies to comment any similar or additional challenges you face with regards to these issues. I really hope …
Revamping the E-commerce Eco System in Pakistan: A startup perspective Read More »
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 when is modern day India, Pakistan and Bangladesh. Truth be told, I had perhaps heard …
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 empower it: Calibra. I can say with confidence, that if you are in the vicinity …
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 be kept on top of. With a number of business expenses costing a small fortune, …
