Sentences with phrase «traditional banks because»

Moreover, I think Coinbase started to act like traditional banks because of their limited accessibility, high fees, and their stance on Bitcoin Cash and other Bitcoin forks.

(Although various studies suggest that poor Americans still make pretty rational decisions about the shoddy financial products sold to them — they just aren't being well - served by traditional banks because they're not profitable enough.)

Many consumer groups are hesitant to welcome fintech firms like SoFi into traditional banking because they feel it violates the separation of banking and commerce.

Not exact matches

(Online banks are able to offer higher - yielding accounts online because they come with less overhead expenses than traditional bank accounts.)

Moro explained that traditional banks and brokerage firms have been reluctant to act as custodians because of know - your - customer laws, and because any such firms that carry bitcoin must back it with dollar - based reserves at a one - to - one level — a formula that ties up capital, and is an unattractive proposition for the likes of Goldman Sachs or JPMorgan.

Banks are pushing for the switch to EMV technology because cards with chips are more difficult to counterfeit than the traditional American credit card with a magnetic stripe.

Bank accounts and investment accounts are not as vulnerable to this attack, the Times reports, because traditional financial institutions are able to reverse malicious transactions if caught in time.

Because online banks don't have the expense of maintaining branches like traditional banks do, they can offer annual percentage yields of 1 % or more — about 14 times higher than the national average of 0.07 %.

Because of the guarantee program, borrowers who might not be able to completely collateralize a loan or otherwise qualify for a traditional loan at the bank may qualify for an SBA loan.

Many small businesses (and consumers) are rejected by traditional financial institutions when seeking financing because they do not fit rigid lending requirements of banks.

Even though she needed a loan to purchase an existing business, because she was a new owner, it was considered a startup and she wasn't able to get a traditional loan at the bank.

Before the financial crisis, Wall Street firms were generally not permitted to do traditional consumer lending because they were not set up as federally insured banks.

Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan, meaning many potentially good borrowers could struggle to access the capital they need because their business doesn't have the needed collateral to secure a loan.

Because small businesses are considered higher risk than their larger cousins, the SBA loan guarantee helps banks offer more flexible loan terms, meaning borrowers can be approved even if they have fewer assets than what would be required with a traditional term loan at the bank.

Because the data is a direct reflection of how small businesses interact with traditional small business lenders, many banks use this report to evaluate a business» creditworthiness.

Unfortunately, because their capital demands are very small, they are often excluded from more traditional sources of capital, like a bank loan.»

The shadow banking system has escaped regulation primarily because it does not accept traditional bank deposits.

Remember, most people who get loans through Lending Club or Prosper do so because they can't get a loan from a traditional bank.

This is quite a different to mentioned above project because it allows to sell bitcoins for cash using the existing infrastructure, which is a network of more than 6000 traditional bank ATMs in this case.

Alibaba's interest in WeLab isn't surprising because of its focus on using technology to disrupt the traditional banking industry in China through Ant Financial, its financial services arm, and online payment system Alipay.

Finance brokers meet with clients (business owners) who are looking for funding to launch or expand their businesses, but for whom traditional bank loans are either inaccessible, or undesirable because they don't want to take on any extra debt.

There are many inaccuracies, because after more than 10 years the bureaucracy has not understood that technology can displace the old way of creating wealth without the traditional banks, which control or control the banking and securities, so we are at doors to new ways of doing business.

There is the permission list — bitcoin, Ethereum, public blockchains — and then there is a whole other ecosystem where established financial institutions, kind of the traditional market if you want to think about it that way, is trying to apply this technology but in a different way using private networks where you don't need the same trust because these banks will know each other.

«Because investments pledged via the EB - 5 program can not have any guaranteed rate of return (otherwise the capital invested is not considered «at risk»), from a developer's perspective, terms are greatly preferable to more traditional bank financing and are less dilutive than equity financing.

This turns out to be a good deal for borrowers because they get a better interest rate than they might through a traditional bank loan or credit card.

Although most people probably wouldn't think of it as traditional investing, peer - to - peer (P2P) lending could be thought of as such because YOU get to be the bank.

Because the entire process is online, peer - to - peer lending companies essentially run credit marketplaces which operate with lower costs than traditional banks or credit companies.

Because the criteria to qualify at OnDeck is more lenient than at a traditional bank and the funding time is faster, APRs will naturally be higher to reflect this.

Well, the real reason for the breakdown of the banking system is because the traditional rules of capitalism were broken: people started believing what estate agents were telling them.

I use Ally (this isn't sponsored... it's just what I use) because their online savings account has a 1.35 % APY, compared to the pitiful 0.01 % I was getting at my traditional bank.

Because they must renew their contracts with the state after five years and don't have collateral like traditional school districts, charters also have a harder time borrowing money from banks.

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

Because banks take on less risk than they would with a traditional loan, financing for veterans is more accessible.

Folks with good credit should first consult with traditional lenders such as banks or credit unions because their interest rates are rather low.

Most of these banks can offer higher yields because they're largely or entirely online, so they don't have to pay the overhead incurred by traditional banks with their hundreds, and sometimes thousands, of brick - and - mortar branches.

Because of the rough economy that has placed many Americans in a tough financial situation, and because traditional lenders such as banks and credit unions have tightened up their qualifications for borrowers, many private lenders have stepped forth in response to this growing market of bad credit borrowers who need a large unsecured bad credit personaBecause of the rough economy that has placed many Americans in a tough financial situation, and because traditional lenders such as banks and credit unions have tightened up their qualifications for borrowers, many private lenders have stepped forth in response to this growing market of bad credit borrowers who need a large unsecured bad credit personabecause traditional lenders such as banks and credit unions have tightened up their qualifications for borrowers, many private lenders have stepped forth in response to this growing market of bad credit borrowers who need a large unsecured bad credit personal loan.

Finding a credit - builder loan can be a bit tougher than traditional types of loans because not all banks and credit unions offer them.

Personal loans from online banks, such as Capital One personal loans, typically have lower refinancing rates than traditional banks offer because of the lack of overhead costs.

Because banks and other traditional lenders have such strict requirements, many people who seek out these loans are turned down.

Title loans are treated differently than traditional bank loans because they are secured.

They are able to do this because they don't have the infrastructure costs that traditional banks have.

While many traditional banks have great banking apps and websites which allow you to do things like deposit a check, transfer money, monitor your balance, pay bills, or complete other banking activities, the best online - only banks outperform on this front because they have to.

In part, this is due to auto title loans like ones offered by LoanMart, because although it is currently easier to obtain a bank account, there are still many strict requirements and wait times for traditional loans.

Online banks often offer high - yield savings accounts — they can do this because they don't have the same overhead costs as traditional brick - and - mortar banks, so they can pass these savings to customers.

Because online banks don't have the expense of maintaining branches like traditional...

There are also some Internet - based banks that offer higher rates than traditional brick - and - mortar institutions because of their minimal operational overhead.

If you're purchasing your first home in Maine, Bank of America is a good option because it offers more branch locations in the state than other large traditional banks such as Chase or Wells Fargo.

- Online, high yield savings account: Online banks like ING Direct and HSBC Direct usually offer better rates than other types of savings accounts because they have less overhead than traditional brick - and mortar banks.

This is because they have fewer overhead costs than traditional banks.

Also, this strategy is favorable to a traditional bank loan, both on your business balance sheet, because it is backed by an asset (your insurance policy), and because your interest rates are likely more favorable.