costs, reduce risk, and improve efficiency. Aside from core-banking functionality, their System is integrated with mobile money transfer providers (M-PESA etc.) enabling clients to send/receive funds over mobile phones. Musoni is the first cashless MFI in the world and uses mobile payments for all transactions. They’ve completely digitized loan officers field operations by using computer tablets to collect data. Musoni outsources fundraising services, initial advisory and management services, and
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Serious Downturn of Global Economy during the Last One Year Financial crisis engulfing the world economy—falling share markets, decreasing industrial growth—is our prime concern today as almost every countries of the world, every of the people of the world are somehow affected by it. Now, what has caused this major economic upheaval in the world? Observing the economic scenario of the recent past, we would get some unpleasant answer as it would show nothing but the quicksand of capitalism, the dominating
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ADEQUACY FRAMEWORK AND RISK MANAGEMENT IN BANKS GUEST LECTURE: MR. R M PATTANAIK EX GM- INDIAN OVERSEAS BANK CAPITAL ADEQUACY RATIO (CAR) Also known as Capital to Risk (Weighted) Assets Ratio (CRAR) is the ratio of a bank’s capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory capital requirements. It is a measure of a bank's capital. It is expressed as a percentage of a bank's risk weighted credit exposures
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in recent news, this union has been undergoing a series of severe economic crisis among member countries. The following paper will look to analyze this issue by examining its main causes, the reasons behind their severe suffering when compared to United States, European nationalism, and the future of international businesses in the case of a Eurozone collapse. Main causes of Eurocrisis The causes of the Eurozone crisis are both numerous and complex creating somewhat of the perfect storm within
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By: Dinaa Orkoubi Rzan Albakr Sarah Asali Vivian Yadi Wang Orrstown Financial Services 2 In this assignment, we focus on Orrstown Financial Services vs. DNB Financial Corporations. Both institutions have similar financials and sizes of entities. The first part of the assignment is about, studying both institutions and compare them to each other. After that there will be an analysis and general study about the health of ORRF as
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configeration and their management styles are beginning to merge. Management Styles: American vis-a-vis Japanese Charles Y. Yang THE JAPANESE STYLE of management has in recent vears been drawing a great deal of attention from American managers because of its apparent ability to insure organization stability in the face of unexpected external changes. At the same time, a slower rate of economic growth in Japan is compelling Japanese executives to .search for improvement iu management efficiency by
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view Anatomy of a successful total cost management program Beginning with the business & front office Opportunities in the support units Some lessons learned PwC qualifications to help Page 3 7 11 16 19 21 Point of view Point of view • Cost management is a key issue today and for the foreseeable future – The market is experiencing a severe liquidity crunch and the explosion of a global asset bubble well beyond sub-prime. At the root of this crisis is not only asset values, but the amount
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** How do we prevent excessive risk taking in the financial markets? This Essay offers a strategy for regulating financial markets to better prevent the kind of disaster we saw during the Financial Crisis of 2008. By developing a model of risk-manager decisionmaking, this Essay illustrates how even “good people” acting in utterly rational and expected ways brought us into economic turmoil. The assertion of this Essay is that the root cause of the Financial Crisis was systemic moral hazard. Systemic
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Sachs is an American multinational Investment Bank who generates main revenue from Broker Dealer, Investment Management, Advisory and Investment Banking activities. Founded in 1869, the firm is headquartered in New York and as of 2014, the firm has offices in all major financial centers around the world. As of 2013, Goldman Sachs had 32,000 employees worldwide. In 2007, amid of Financial Crisis, Goldman open the commercial bank franchise headquartered in Salt Lake City, UT for private lending purposes
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2003: 349–380 Long-Term Capital Management and the sociology of arbitrage Donald MacKenzie Abstract Arbitrage is a key process in the practice of financial markets and in their theoretical depiction: it allows markets to be posited as efficient without all investors being assumed to be rational. This article explores the sociology of arbitrage by means of an examination of the arbitrageurs, Long-Term Capital Management (LTCM). LTCM’s 1998 crisis is analysed using both qualitative, interview-based
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