Sentences with phrase «used by financial institutions»

Globally, HSBC and Barclays have joined a collaborative project to build a cryptocurrency to be used by financial institutions.

«To be used by financial institutions, including capital markets firms and insurers, blockchains must supplant the costly methods introduced by Bitcoin with a mechanism that guarantees security, privacy and speed without paying for anonymous consensus,» said two Accenture executives in July.

The two Accenture representatives offer their solution: «To be used by financial institutions, including capital markets firms and insurers, blockchains must supplant the costly methods introduced by bitcoin with a mechanism that guarantees security, privacy and speed without paying for anonymous consensus.»

«To be used by financial institutions, including capital markets firms and insurers, blockchains must supplant the costly methods introduced by bitcoin with a mechanism that guarantees security, privacy and speed without paying for anonymous consensus,» they said.

Lighthouse continues to bring innovation in governance, compliance, and ediscovery with the acquisition of the leading chat ediscovery software and services used by financial institutions and other highly regulated industries worldwide.

Used by financial institutions to help gauge credit worthiness, your FICO ® Score can be one of the most influential and valuable pieces of information to shape your future.

The U.S. Prime Rate is used by some financial institutions to calculate variable interest rates for credit cards.

The CFA course teaches Value at Risk (VaR), a once widely used modelling tool used by financial institutions to measure risk that was completely discredited by the financial crisis.

Credit reports are used by financial institutions, credit grantors, insurance companies, and utility providers to determine credit and / or insurance worthiness.

The off - balance sheet vehicles have been used by financial institutions to keep some assets off their balance sheets, thereby avoiding the need to hold regulatory capital against them.»

To tweak interest rates, the Fed adjusted the federal funds rate, also known as the interbank lending rate, which is used by financial institutions to set the prime rate, or the base rate upon which other interest rates are set.

Essentially, a company credit report gives you the benefit of seeing an objective summary of a company's credit history and from this you get its credit score, which is used by all financial institutions in assessing credit worthiness.

Not exact matches

Many of these nonbank institutions have financed risky infrastructure operations, like copper and coal mines or other poorly constructed buildings, by using a variety of unusual financial instruments, said Louis Lau, director of Brandes Investment Partners» investments group.

As Levchin has explained to Fortune previously, there is a huge opportunity to provide credit to younger customers, including millennials, who don't trust or use credit cards provided by large financial institutions.

Comments received by the Department and media reports also indicate that many financial institutions already had completed or largely completed work to establish policies and procedures necessary to make the business structure and practice shifts required by the Impartial Conduct Standards earlier this year (e.g., drafting and implementing training for staff, drafting client correspondence and explanations of revised product and service offerings, negotiating changes to agreements with product manufacturers as part of their approach to compliance with the PTEs, changing employee and agent compensation structures, and designing conflict - free product offerings), and the Department believes that financial institutions may use this compliance infrastructure to ensure that they meet the Impartial Conduct Standards after taking the additional Start Printed Page 16910sixty days for an orderly transition between June 9, 2017, and January 1, 2018.

The planned digital currency will be used among financial institutions, but not by individual consumers.

By using the technology to streamline multiparty reconciliations during settlement and clearing, financial institutions could see lower costs and fewer failed transactions.

As transactions involving a very small sum of money have been made unfeasible by the current financial institutions, Bitcoin micropayments have become the best alternative to use in exchange for something made available online.

The indices are widely used by businesses, governments and economic analysts in financial institutions to help better understand business conditions and guide corporate and investment strategy.

Because the platform is also used by major financial institutions — including Bank of America Merrill Lynch — the combined purchasing volume means we're able to offer some of the most competitive prices anywhere in the world.

By using the blockchain, financial institutions are looking to save millions in transactions costs while introducing a whole new set of modern financial services and products.

We enforce the same level of encryption used by banks and financial institutions.

Certain perils that lurk in investment strategies can not be spotted by use of models commonly employed today by financial institutions» Warren Buffett

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

It said virtual currencies issued for wholesale use only — that is, by banks and financial institutions to settle payments rather than by consumers for purchases — could help make trading securities and foreign currencies more efficient.

They already use money in an electronic form in the reserve accounts at the central bank that can be held only by banks and other designated financial institutions.

Instead of increasing or reducing the availability of credit by adding to or subtracting from the supply of Fed deposit balances, the Fed now loosens or tightens credit by controlling financial institutions» demand for such balances using a pair of new monetary control devices.

The increasing interest around Blockchain technologies in 2017 led the CTFC to release a Primer on Virtual Currencies which acknowledged that Blockchain technologies can be used by governments, financial institutions and cross-industries to optimize everyday operations via a Blockchain system.

Igoche says that citizens of Nigeria should only use financial institutions that are insured by NDIC indicated by the sticker in their physical location.

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

Eleven of the banks — Bangkok Bank, BBVA (Banco Bilbao Vizcaya Argentaria), BNP Paribas, HSBC, ING, Intesa Sanpaolo, Mizuho, RBS (Royal Bank of Scotland), Scotiabank, SEB and US Bank — are preparing to use R3's blockchain software Corda to test an application aimed at cutting costs and increasing efficiency in the processing of sight letters of credit, which, as it is intended, will be payable immediately upon receipt of the letter and supporting documents by the relevant financial institution.

Equity financing is normally used by non-established businesses that are unable to secure business loans from financial institutions (debt financing) due to insufficient cash flow, lack of collateral, or a high risk profile.

For example this means creating private blockchain networks that can be used internally or between financial institutions - an approach taken by a number of others, including Swiss bank UBS.

Although the term is often used with regard to financial institutions, most corporations are also significantly impacted by the cost of funds when borrowing.

Despite increase in our debt profile, it is still believed that Nigeria can borrow from the International financial institutions and use it to reflate the economy by quickly taking the advantage of the credibility of President Muhamadu Buhari which is a good leverage because some international financial institutions are ready to lend us money for infrastructural development.

SYRACUSE, N.Y. — A thousand Syracuse students will go to college each year through an unprecedented move by New York state to spur economic development through free tuition using money from settlements with financial institutions.

Using each entity's property holdings, staff performed an analysis on every residential building held by those financial institutions with the most properties.

Most credit counseling agencies will use the deposit you make on a monthly basis to repay medical bills, student loans, credit cards, and other balances, based on a payment schedule which has been approved by your financial institution.

An empirical study by Alonso Bucarey of MIT uses enrollment changes observed after earlier financial aid reforms in Chile to predict that gratuidad will reduce enrollment among low - income students and push those who do enroll into lower quality institutions.

These values are used by banks, financial institutions, governmental agencies and the automotive leasing industry.

As our post-award audits have demonstrated, our Kelley Blue Book projections of resale value are extremely accurate in estimating the future values of new vehicles, which is why they are used by so many of the nation's leading financial institutions.

The narrators are a member of a doomsday cult who releases poison gas in a subway in Tokyo, and details his retreat to Okinawa and a small nearby island, Kume - jima; a jazz aficionado who works as a sales clerk in a Tokyo music store; a lawyer in a financial institution in Hong Kong who has been moving large sums of money from a certain account; a woman who owns a Tea Shack on China's Holy Mountain and speaks to a tree; a non-corporeal sentient entity which is searching for who or what it is; a gallery attendant in Petersburg who is involved in an art theft scam; a ghostwriter / drummer living in London who saves a woman from being run over by a taxi; an Irish nuclear physicist who quits her job when she finds her research is being used for military purposes; and a late night radio talkback DJ who finds himself fielding calls from an intriguing caller referring to himself as the zookeeper.

To pay for the e-books, Petitioner's customers may use a credit card serviced by a third party financial institution, or other methods.

Those concerned with the security for mobile wallets, should know that on May 14th the Canadian Bankers Association with the country's leading financial institutions issued guidelines and principles operating on the same security standards used by chip - enabled credit and debit cards and existing wireless point - of - sale terminals at retailers.

RBFCU's lending policy prohibits the practice of using an appraisal ordered by the property's seller or another financial institution.

Dishonoured (NSF) Cheque Charge: $ 45.00 for each cheque or other instrument used to pay Debt that is dishonoured by the financial institution on which it is drawn; Fees are subject to change upon notice.

They work very similarly, your «credit limit» is based on how much money you deposit onto the card to serve as collateral in case you default, but the main difference is that this card is given by a financial institution such as your bank and how you use the card affects your credit score.

It is one of the most widely used tools by financial institutions for evaluating the creditworthiness of potential borrowers.

To find out whether a bank allows external tools to access account information, ask someone at the bank directly or search through the list of financial institutions supported by the tool you're using, such as Mint or Personal Capital.

To make a deposit in Canadian dollars, simply log on to your financial institution's website and perform a transfer by using the «bill payment» option.