Author: ekene.nsiamuna
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What are Virtual Card Payments, and What are their Benefits?
Virtual models influence daily life, from home offices to the metaverse. The use of digitization in business has opened the windows of data-driven decisions and automation in the way of doing business. So when these virtual models disrupt the norm of making payments in the business world, there is a need to mull over making virtual card payments as…
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What Is Commercial Banking? Its Functions And Operations
What Is Commercial Banking? Its Functions And Operations Commercial banking is a collection of bank services and products made to cater to the financial requirements of government, medium-sized, and corporate clients. Deposit accounts, commercial financing options, merchant services, and investment goods fall under this category. This contrasts with retail banking, which provides comparable financial services to…
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How to Buy and Sell Apple Gift Cards
Apple previously offered two distinct gift cards: an Apple Store gift card for in-store purchases and an iTunes gift card for purchasing content such as apps, games, TV shows, and movies. These gift cards were later combined to become the all-in-one Apple gift card, labeled “the gift card for everything Apple” on the package. An…
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Tips for Growing a Successful Business in 2024
The global market is increasing with different businesses to meet the varying needs of people. Therefore, it is always imperative that business owners think about tips and tricks for growing a successful businesses in 2024. Growth is essential regardless of the trade sector you find yourself in. The only way to differentiate yourself from competitors…
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What Is Offshore Banking? Its Advantages And Disadvantages
What Is Offshore Banking? Its Advantages And Disadvantages Offshore banking is keeping money in a bank account in a country other than the account holder’s country. People practice offshore banking for asset protection, higher interest rates, security, tax benefits, and whatnot. This does not rule out the fact that there are some risks associated with…
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Wire Transfer Vs. Bank Transfer: What Is The Difference?
One of the easiest ways to complete a transaction is to send money directly to a bank account. However, thanks to emerging technologies, there are numerous ways to make money transfers. With different payment infrastructures put in place to achieve the sole purpose of money transfer, people usually need help deciding between several payment options.…
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What is Agent Banking in Nigeria? All You Need to Know
Agent banking provides small-scale banking and financial services to the unbanked community by engaging agents under a legal agency agreement rather than a teller/cashier. As such, the owner of the business is the person who conducts banking operations on behalf of a bank. Several developing nations have embraced and implemented agent banking with varied degrees…
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Strategies for Strengthening Data Management in Banking and Finance
Strengthening Data Management in Banking and Finance is very important hence; Banks and financial institutions must strengthen their data management practices to address these challenges. Data management in the banking and finance sector faces several challenges. These include increasing data volumes, data security and privacy concerns, data quality issues, and compliance with regulatory requirements. Banks…
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Data Management: Importance Of Data Management In Finance And Banking Sector
Data is considered the most valuable asset in today’s world. This is especially true in banking and finance, where data is collected, processed, and analysed enormously. The volume and velocity of data produced in banking and finance have increased exponentially, making data management a critical function. The process of collecting, processing, analysing, and storing data…
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Top Mistakes to Avoid When Selecting a Financial Planner
Choosing a financial planner is not as easy as a walk through the park. It is important to find someone who you can trust to handle your financial decisions. There are many types of financial planners, and it can be difficult to know which one is the best fit for your needs. You will also…