#fintechs
Explore tagged Tumblr posts
morningstartranslation · 2 years ago
Text
Learn Chinese Culture with Us
No cross, no crown. 不经历风雨,怎能见彩虹(bù jīng lì fēng yǔ,zěn néng jiàn cǎi hóng)。For more information, visit https://www.morningstartranslation.com
2 notes · View notes
newshare24 · 17 days ago
Text
Bitcoin at $100,000 - What’s Next for FinTech's King?
FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and…
0 notes
invermania · 2 months ago
Text
0 notes
slipstream321 · 6 months ago
Text
Tumblr media
Insurance Claims With Slipstream
Description: Discover top-notch financial planning and investment management services at Slipstream Financial. Trust our experts for your financial success journey.
Url: https://www.slipstreamfinancial.com/ Location: Charlotte, NC - North Carolina 28105. USA
0 notes
jornale · 1 year ago
Text
#cartaodecredito #brasil #bancos #economia #dinheiro #desenrola #fintechs #news #noticias #jornale
0 notes
agroemdia · 2 years ago
Text
Com investimento em tecnologia, cooperativas de crédito levam inclusão financeira ao interior
Elas oferecem produtos financeiros personalizados, como empréstimos para investimentos agrícolas e seguros específicos para atividades da agricultura familiar
Felipe Santiago* A agricultura familiar possui uma rica história que remonta há muitos séculos. Ao longo do tempo, essa forma de agricultura tem sido uma importante fonte de subsistência e sustento para inúmeras famílias em todo o mundo. No entanto, esses produtores menores já tiveram que enfrentar desafios significativos quando se tratava de acessar o mercado financeiro. Por muito tempo, os…
Tumblr media
View On WordPress
0 notes
morningstartranslation · 1 year ago
Text
Professional English-Chinese Translation Service with Affordable Costs
Revere the fundamental and dismiss the specific. 崇本息末(chóng běn xī mò)For more information, visit https://www.morningstartranslation.com
1 note · View note
mzaghi · 2 years ago
Photo
Tumblr media
Webinar state #fintechs #latam 2023 vía #cbinsights (en Campus TEC Guatemala) https://www.instagram.com/p/CoakZGUPi0B/?igshid=NGJjMDIxMWI=
0 notes
invermania · 9 months ago
Text
0 notes
slipstream321 · 8 months ago
Text
Tumblr media
Slipstream Financial | Expert Financial Planning & Investment Management
Description: Discover top-notch financial planning and investment management services at Slipstream Financial. Trust our experts for your financial success journey.
Url: https://www.slipstreamfinancial.com/ Location: Charlotte, NC - North Carolina 28105. USA
0 notes
peterbordes · 2 years ago
Text
An incredible fintech growth & 2022 innovation journey 🚀
Octane Lending's originations grew by 74% with its frictionless digital experience.
- Exceeded $1.2B in Originations - Entered 5 New Markets - Launched 9 New Partnerships
1 note · View note
demostenesbr · 2 years ago
Photo
Tumblr media
#CidadeDoFuturo - Participei como organizador do evento realizado em conjunto ao aniversário de 469 anos da cidade de São Paulo. Estive presente nos painéis de Startups for Goods, O Futuro das Finanças e alguns minutos no painel DEV Rocks. A correria foi tanta que, esqueceram de tirar a foto oficial do time. Valeu a pena, até 2024! 🎉 #fintechs #startups #saopaulo469anos #sãopaulo469 (at ACSP - Associação Comercial de São Paulo) https://www.instagram.com/p/Cn4NDslulUx3j-79Et27j6BzGeYFScg5a7kTDA0/?igshid=NGJjMDIxMWI=
0 notes
azurerosses · 10 days ago
Text
hams...
Tumblr media Tumblr media
bonus attempt_at_modesty(dot)gif:
Tumblr media
[x][x]
271 notes · View notes
mostlysignssomeportents · 5 months ago
Text
Fintech bullies stole your kid’s lunch money
Tumblr media
I'm coming to DEFCON! On Aug 9, I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). On Aug 10, I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).
Tumblr media
Three companies control the market for school lunch payments. They take as much as 60 cents out of every dollar poor kids' parents put into the system to the tune of $100m/year. They're literally stealing poor kids' lunch money.
In its latest report, the Consumer Finance Protection Bureau describes this scam in eye-watering, blood-boiling detail:
https://files.consumerfinance.gov/f/documents/cfpb_costs-of-electronic-payment-in-k-12-schools-issue-spotlight_2024-07.pdf
The report samples 16.7m K-12 students in 25k schools. It finds that schools are racing to go cashless, with 87% contracting with payment processors to handle cafeteria transactions. Three processors dominate the sector: Myschoolbucks, Schoolcafé, and Linq Connect.
These aren't credit card processors (most students don't have credit cards). Instead, they let kids set up an account, like a prison commissary account, that their families load up with cash. And, as with prison commissary accounts, every time a loved one adds cash to the account, the processor takes a giant whack out of them with junk fees:
https://pluralistic.net/2024/02/14/minnesota-nice/#shitty-technology-adoption-curve
If you're the parent of a kid who is eligible for a reduced-price lunch (that is, if you are poor), then about 60% of the money you put into your kid's account is gobbled up by these payment processors in service charges.
It's expensive to be poor, and this is no exception. If your kid doesn't qualify for the lunch subsidy, you're only paying about 8% in service charges (which is still triple the rate charged by credit card companies for payment processing).
The disparity is down to how these charges are calculated. The payment processors charge a flat fee for every top-up, and poor families can't afford to minimize these fees by making a single payment at the start of the year or semester. Instead, they pay small sums every payday, meaning they pay the fee twice per month (or even more frequently).
Not only is the sector concentrated into three companies, neither school districts nor parents have any meaningful way to shop around. For school districts, payment processing is usually bundled in with other school services, like student data management and HR data handling. For parents, there's no way to choose a different payment processor – you have to go with the one the school district has chosen.
This is all illegal. The USDA – which provides and regulates – the reduced cost lunch program, bans schools from charging fees to receive its meals. Under USDA regs, schools must allow kids to pay cash, or to top up their accounts with cash at the school, without any fees. The USDA has repeatedly (2014, 2017) published these rules.
Despite this, many schools refuse to handle cash, citing safety and security, and even when schools do accept cash or checks, they often fail to advertise this fact.
The USDA also requires schools to publish the fees charged by processors, but most of the districts in the study violate this requirement. Where schools do publish fees, we see a per-transaction charge of up to $3.25 for an ACH transfer that costs $0.26-0.50, or 4.58% for a debit/credit-card transaction that costs 1.5%. On top of this, many payment processors charge a one-time fee to enroll a student in the program and "convenience fees" to transfer funds between siblings' accounts. They also set maximum fees that make it hard to avoid paying multiple charges through the year.
These are classic junk fees. As Matt Stoller puts it: "'Convenience fees' that aren't convenient and 'service fees' without any service." Another way in which these fit the definition of junk fees: they are calculated at the end of the transaction, and not advertised up front.
Like all junk fee companies, school payment processors make it extremely hard to cancel an automatic recurring payment, and have innumerable hurdles to getting a refund, which takes an age to arrive.
Now, there are many agencies that could have compiled this report (the USDA, for one), and it could just as easily have come from an academic or a journalist. But it didn't – it came from the CFPB, and that matters, because the CFPB has the means, motive and opportunity to do something about this.
The CFPB has emerged as a powerhouse of a regulator, doing things that materially and profoundly benefit average Americans. During the lockdowns, they were the ones who took on scumbag landlords who violated the ban on evictions:
https://pluralistic.net/2021/04/20/euthanize-rentier-enablers/#cfpb
They went after "Earned Wage Access" programs where your boss colludes with payday lenders to trap you in debt at 300% APR:
https://pluralistic.net/2023/05/01/usury/#tech-exceptionalism
They are forcing the banks to let you move your account (along with all your payment history, stored payees, automatic payments, etc) with one click – and they're standing up a site that will analyze your account data and tell you which bank will give you the best deal:
https://pluralistic.net/2023/10/21/let-my-dollars-go/#personal-financial-data-rights
They're going after "buy now, pay later" companies that flout borrower protection rules, making a rogues' gallery of repeat corporate criminals, banning fine-print gotcha clauses, and they're doing it all in the wake of a 7-2 Supreme Court decision that affirmed their power to do so:
https://pluralistic.net/2024/06/10/getting-things-done/#deliverism
The CFPB can – and will – do something to protect America's poorest parents from having $100m of their kids' lunch money stolen by three giant fintech companies. But whether they'll continue to do so under a Kamala Harris administration is an open question. While Harris has repeatedly talked up the ways that Biden's CFPB, the DOJ Antitrust Division, and FTC have gone after corporate abuses, some of her largest donors are demanding that her administration fire the heads of these agencies and crush their agenda:
https://prospect.org/power/2024-07-26-corporate-wishcasting-attack-lina-khan/
Tens of millions of dollars have been donated to Harris' campaign and PACs that support her by billionaires like Reid Hoffman, who says that FTC Chair Lina Khan is "waging war on American business":
https://prospect.org/power/2024-07-26-corporate-wishcasting-attack-lina-khan/
Some of the richest Democrat donors told the Financial Times that their donations were contingent on Harris firing Khan and that they'd been assured this would happen:
https://archive.is/k7tUY
This would be a disaster – for America, and for Harris's election prospects – and one hopes that Harris and her advisors know it. Writing in his "How Things Work" newsletter today, Hamilton Nolan makes the case that labor unions should publicly declare that they support the FTC, the CFPB and the DOJ's antitrust efforts:
https://www.hamiltonnolan.com/p/unions-and-antitrust-are-peanut-butter
Don’t want huge companies and their idiot billionaire bosses to run the world? Break them up, and unionize them. It’s the best program we have.
Perhaps you've heard that antitrust is anti-worker. It's true that antitrust law has been used to attack labor organizing, but that has always been in spite of the letter of the law. Indeed, the legislative history of US antitrust law is Congress repeatedly passing law after law explaining that antitrust "aims at dollars, not men":
https://pluralistic.net/2023/04/14/aiming-at-dollars/#not-men
The Democrats need to be more than The Party of Not Trump. To succeed – as a party and as a force for a future for Americans – they have to be the party that defends us – workers, parents, kids and retirees alike – from corporate predation.
Tumblr media
Support me this summer on the Clarion Write-A-Thon and help raise money for the Clarion Science Fiction and Fantasy Writers' Workshop!
Tumblr media
If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/07/26/taanstafl/#stay-hungry
Tumblr media
Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg
CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en
213 notes · View notes
nixcraft · 2 months ago
Text
They say MS-Excel holds the financial world in its grip.
Tumblr media
64 notes · View notes
vitelglobal · 5 days ago
Text
Tumblr media
A reliable #communication and #messaging platform is more than just a tool; it's a vital component for seamless operations and client relations in the financial industry. Visit: https://www.vitelglobal.com
9 notes · View notes