News Banks to seize defaulterâs funds in other banks Guidelines on the Global Standing Instruction (GSI) issued by the Central Bank of Nigeria, has granted banks the right to seize loan defaulters’ money in other banks. According to the apex bank, the GIS guideline was issued to enhance loan recovery in the banking sector and to facilitate an improved credit repayment culture; reduce Non-Performing Loans in the […] Written by imesocial July 14, 2020July 14, 2020
CoronaVirus IT Technology Covid-19 Accelerates Banks’ Move To Digitalization Covid-19 might be just what financial organizations needed to move beyond talking about going digital to implementing digital capabilities broadly across their organization. A new report, The Future of Work in Banking, from Digital Banking Report takes an optimistic view of the future, at least for those organizations who are prepared. The Future of Workd […] Written by imesocial July 1, 2020July 1, 2020
Cryptocurrency & Blockchain Technology Top Banks Say Gold May See A Record Rally By 2021—Why Bitcoin Can Too Top banks expect a gold rally in 2021, buoyed by three major factors. BLOOMBERG NEWS Morgan Stanley MS , JPMorgan JPM , and Goldman Sachs GSBD all foresee the gold price rallying by 2021. According to a research paper from Bloomberg, the precious metal’s uptrend can fuel a Bitcoin upsurge. In a paper entitled “June […] Written by June 28, 2020June 28, 2020