Global Capital. Clear Intelligence.
First off—opening an offshore bank account is 100% legal. These days even the mere hint of the word ‘offshore’ conjures images of criminal activity, money laundering, and tax evasion. And the reality is that diversifying your bank accounts internationally is a completely rational, legitimate, and intelligent idea. Consider the following: 1) A foreign bank account … Read more
Switzerland introduced the automatic exchange of information of data concerning bank customers at the beginning of this year. Swiss private banks now warn the government that the planned extension of the system to a further set of countries may endanger their wealthy clients in some of the highly corrupt partner states. The Association of Swiss … Read more
The World Economic Forum consistently ranks Canada’s banks among the world’s safest[1]. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low. Demographics are good and the country’s diversified economy is backed by a treasure of oil, wood, gold and other natural resources. So the experts say. Institutional investors, relying on … Read more
Following is the daily “Profile America” feature from the U.S. Census Bureau: FIRST U.S. BANK ROBBERY Profile America — Sunday, March 19th. Banks had operated in America for about a half century before someone tried to make an unauthorized withdrawal. On this date in 1831, Edward Smith committed the first bank robbery in the U.S. … Read more
Fintech Business, Beehive, is the First Peer to Peer Lending Platform to Receive DFSA Regulation DUBAI, UAE, March 5, 2017 /PRNewswire/ — New regulation key to driving growth of Fintech businesses in region Lending based crowdfunding important new route to finance for SMEs In excess of AED 75 million facilitated across 150 SME funding requests … Read more
Discussions with the 16 banks highlighted that the typical offshore investor is of either High Net Worth (HNW) or Ultra-High Net Worth (UHNW). The definition of these terms varied amongst banks in relation to the manner in which they segmented their customer base. Despite some variation in the boundary between HNW and UHNW there was … Read more
WASHINGTON, Jan. 7, 2017 /PRNewswire/ — Following is the daily “Profile America” called the First U.S. Bank from the U.S. Census Bureau: First U.S. Bank Profile America — Saturday, January 7th. During the Revolutionary War, the rebelling colonies and the Continental Congress were anything but too big to fail. To the contrary, finances were very … Read more
One of the big topics at Money 2020 will be the new cyber regulations announced by the Fed and FDIC. They believe hacking could lead to a national financial crash. Christopher Pierson, EVP, General Counsel & Chief Security Officer, of FinTech company Viewpost has analyzed the proposal and says this “really places a chair at … Read more
Skipton International is to implement a new banking service and replace its core banking system for offshore savings customers. Skipton International will be making a significant investment in the new system and portal, provided by Temenos, a global leader in banking software, and implemented by their partner, Syncordis, a Luxembourg IT Consultancy. Jim Coupe, Managing … Read more