The Importance of Credit Score While Applying for a Personal Loan 

A credit score for a Personal Loan represents the creditworthiness of a borrower. It is a number given by credit bureaus like Experian and CIBIL to help loan providers understand the trustworthiness of the borrower. Lending institutions use it to determine whether a borrower would be suitable for a loan and what interest rate they will offer….

Vital Factors to Consider as You Consider Opening a Savings Account for Your Child

Every parent is concerned about their child’s future, with finances being a primary issue. As a parent, you want to make appropriate financial decisions for your children. Fortunately, there is a method to invest in their financial security early in life. Programs like POSB Smiley Child Development Account (CDA) are special savings accounts for your…

The 5 Trends Behind the Fast Rise of Global Investment Apps and Platforms

The number of retail investors spiked during the pandemic as millions of people were forced to stay at home for months with an unprecedented amount of free time and a limited choice of activities. It’s only natural that many of them became interested in investment and trading apps. The major apps of this kind saw…

What is the Difference Between Banks and Fintech?

What is the Difference Between Banks and Fintech?

The worldwide financial industry has prospered with increasing technology and increasing innovation. Banks are buffering the full impact of the latest technological transformations. Cloud-based solutions provide the banking sector with efficient, secure access to entire data sets. This reduces costs while offering the customers better service. Fintech is a major part of the financial sector….

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What Is an Amalgamation? – Definition & Detailed Explanation

An amalgamation is the joining of two or more businesses to form a new entity. Amalgamation differs from merger in that neither company survives as a legal entity. Instead, a completely new entity is formed to house both companies’ combined assets and liabilities. Know more: what is inventory turnover ratio.  Key Takeaways Amalgamation is the…

You Should Invest in Mutual Funds: Important Reasons

Mutual funds are pools of capital from individual investors that are invested in a range of underlying assets. They are a wonderful approach to increasing one’s net worth via sensible investment. There is a mutual fund for every risk tolerance and investment horizon. It is possible to lose money while investing in mutual funds for…

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Importance of Loans as a Means of Business Funding

Every business needs financing to start up and be on its way to commercial viability. The type and scale of your business will determine just how much funding is required at the initial stages and also how much would be needed to keep the company viable until it becomes profitable. Types of Business Funding. The…