This concept takes advantage of several unique features of life insurance: Life insurance cash value has tax-deferred growth. You can make a simple interest payment on the money you loan out from your life insurance policy. The money you loan against your policy will continue to grow even though you received it. Unlike the traditional
The appointment bolsters the bank’s ability to serve the unique financial needs of professional teams, leagues, athletes, industry professionals and businesses across the world of sports City National Bank recently announced the appointment of Anthony Di Santi as managing director, head of Corporate Sports Banking. Di Santi will lead the Bank’s strategic focus on serving
Cloud-first financial institutions are transforming the banking world to meet the needs of a digital generation that prefers not to go to a branch, avoids paper for transactions and has leaned into mobile payments for day-to-day transactions. This change in financial services is the extension of a smartphone-centered culture, where mobile has become the banking
Serge Beck, the founder and CEO of Omniwire, is driven by his belief that people deserve robust and secure financial services. getty As customers demand speed, personalization and real-time access—and markets call for adaptability—traditional core banking systems are evolving to satisfy the demand. Core banking is the central system that handles financial operations, including accounts,
Chris Gallagher | Contributor Story by: Input Comms Traditional finance has a long list of criticisms, but its biggest drawback has been the continued and often timeless dependence on intermediaries. Banks, payment processors, and clearinghouses slow down transactions and add extra costs. This system has limited financial access. Neobanks attempted to change this formula but
When it comes to your money, you don’t want to take any risks. Mobile banking apps make managing your finances a breeze, but is it safe to use them? The short answer is yes. Banks use a variety of security features to keep your data safe when you’re using their apps, but you have a