|
Search the Community
Showing results for tags 'digital.'.
Found 8 results
-
Here's an article of Dinarian interests... The last hurdle holding up the GCR & the RV is the US. US banks going digital will move the process forward. Read the headlines highlighted in RED. Google headline tiles in each item to bring up full story. Treat as a rumor. Npot verified. Your opine. FROM OTHER SOURSES: Major U.S. Banks To Close Hundreds Of Branches Nationwide As Banking Shifts To Digital Platforms. ARTICLE: JPMorgan, Chase, Wells Fargo, the largest banks in America, has decided to close nearly 160 branches across the US. Disruption for Chase Bank Customers. The closures are causing significant inconveniences and disruptions for Chase Bank customers who rely on the services provided by human bank tellers and other professionals. -Automated Customer Service Helplines. Services previously handled by human staff in these now-closed branches have been replaced by automated customer service helplines. -Impact on Twenty States. Twenty states across the country will be impacted by the closures, with varying numbers of branches shutting down in each state. -California’s Hardest Hit. California is the most severely affected state, with a total of 46 Chase Bank branches closing by the end of the year. Nationwide Trend of Bank Closures. JPMorgan Chase is not alone in this trend, as other major banks like Bank of America, Wells Fargo, and Citibank are also shutting down hundreds of branches. -Reduction in Bank Branches Over the Years. Data from the Federal Deposit Insurance Corporation reveals that the number of bank branches in the U.S. has halved from approximately 8,000 in 2000 to 4,000 in 2022. -Wells Fargo’s Digital Shift. Wells Fargo, having closed 61 branches so far, attributes the closures to customers increasingly using digital banking for their transactions. Over 200 branches closed already. -Citigroup’s Focus on Wealth Management. Citigroup, the parent company of Citibank, is closing branches globally as part of a strategic shift to focus on wealth management and affluent clients. -Big Banks’ Changing Strategies. The closures reflect a broader shift in the banking industry towards digital capabilities, changing customer needs, and a focus on wealth management. -Bank Closures & Economic Concerns. The closures raise questions about the health of the banking industry, with some suggesting potential risks & economic implications. It's not just going digital...it's also the sad state of the US economy. -Downgraded Credit Ratings of Major U.S. Banks. Major U.S. banks are facing downgraded credit ratings, indicating challenges and uncertainties within the financial sector. -Widespread Banking System Issues. Reports of banking system disruptions and outages highlight the risks associated with relying heavily on electronic banking. Major U.S. banks are facing downgraded credit ratings, indicating challenges and uncertainties within the financial sector. -Job Losses in the Banking Sector. The closure of branches is accompanied by significant job losses in the banking sector, contributing to economic shifts and challenges in the job market.
-
Here's an article of Dinarian interes... CBI Takes Measures To Abolish Cash & The USD. Some of the benefits of going completely digital & Dollarless. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: CBI Takes Measures To Abolish Cash & The USD. ARTICLE: Electronic Payment In Iraq…A Project Bigger Than The Abolition Of Cash & The Dollar, With A Hidden Goal. The economic expert, Safwan Qusay, revealed the government’s hidden goal in implementing the electronic payment project throughout Iraq and its advantages. Qusay said {to Al-Furat News} that: “The policy of the American Central & Federal Banks was that everyone knew that the currency auction was contributing to the smuggling of the Dollar to various countries & that it was intended for Iraqis only.” He added, “But the policy of complying with international requirements & controlling the movement of the Ddollar was implemented after the success of the electronic platform in enhancing bank balances, as well as expanding the circle of financial inclusion by investigating the source of the Iraqi Dinar. Currently, all employees of state departments and retirees are included with credit cards.” Qusay added, “We also have a formal private sector & federal ministries that have begun to spread the culture of electronic payment to track the movement of the Dinar. The more we introduce the Dinar system within the regulatory department, the more we prevent the corrupt from changing the gender of the Dinar, whether in the real estate market, gold, or other markets.” He concluded by saying, “The whole issue is related to combating corruption through investment in technology & one of these means is electronic payment.” In its session the day before yesterday, Tuesday, the Council of Ministers approved the following regarding commissions for electronic payment operations: 1. (The recipient bears electronic payment commissions from the private and public sectors & the payer does not bear any electronic payment commissions) & the government compensates a percentage (50%) of the commissions. The electronic payment paid by the holder (the merchant, the employer & all private sector entities), provided that it is used to pay the holder’s obligations to the state exclusively through electronic payment, such as renewing licenses, paying taxes, customs, fees, municipal fees, electricity fees & everything owed to the state & it cannot be recovered in cash at any time. In any case. 2. Determine all electronic payment commissions (at a percentage determined by the CBI), with a & private sectors) & what exceeds that without commissions & a minimum that is exempt from commissions as well ( Exempting small transactions in the public & private sectors from commissions up to a ceiling determined by the CBI.
-
Huge article of Dinarian interests... Iraq launches the Real-Time Digital Payment Service. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: The 1st Digital Bank Launched In Iraq. ARTICLE: For the first time in Iraq... A bank launches the “Visa Direct” Real-Time Payment Service The first “Digital” bank in Iraq announced the launch of the “Visa Direct” service, in cooperation with “Visa”, the world leader in digital payments.
-
From Around Dinarland... Yet more evidence Iraq is going digital. It's no longer a rumor but is a fact. Treat as a rumor. Not verified. Your opine. Bondlady's Corner via TLM724: Going Digital. CBI Governor meets a delegation from Iron Point Iconic in Washington D.C. ARTICLE: His Excellency, the Governor of the CBI Ali Ismail, met yesterday, Monday, with a delegation from the company Iron Point Iconic, which is one of the largest owners of data centers in the world & operates in more than 26 markets in the US, EU & Asia & the company owns data centers to the largest global technology companies with the development & operations of those data centers, including Apple, Microsoft, Google & Amazon. The Governor received a presentation from the company regarding global growth trends in data center markets who's profits are expected to double in the next 4 years to reach a growth of $720 Billion, indicating the company is looking forward to investments & development of data centers in Iraq & to facilitate the transformation of the Iraq economy to digital.
-
Here's an article from Dinarland... ICBI orders all banks & exchanges to go digital as of today. Treat as a rumor. Not verified. Your opine. Zig’s Place: The CBI Imposes Electronic Platform On All Banks & Exchange Companies. ARTICLE: (Document) Today, Sunday, the CBI imposed the electronic platform on all banks & exchange companies, starting tomorrow. The bank said, according to a document addressed to all licensed banks, all exchange companies & all licensed foreign currency mediation companies, which a news network reviewed, that “it was necessary to adopt the electronic platform for the cash sale of foreign currency, as of Monday, corresponding to 2/20/2023.” He added, “The bank or company that does not use the aforementioned platform will be denied access to its weekly share of cash (dollars).”
-
here's an article from Dinarland... Treat as a rumor. not verified. Your opine. Frank26 via Firefly & Boots On The Ground: ARTICLE: “Launching the first electronic platform for financial trading via the Internet” THEY TOLD [Boots on the ground Firefly] WHEN WE SIGN THE HCL WITH THE KURDS… THE IRAQI DINAR WILL FLOAT INTERNATIONALLY! …when it floats it’s ‘pairing’… What is the CBI trying to tell the citizens of Iraq? Your currency is about to leave its borders, de-peg from the American dollar & pair within a basket. QUOTE: “The online trading system for the shares of Iraqi joint-stock companies will be launched – for Go Life investors, starting from the session on Sunday 1/29/2023,” … that means it’s going to float.
-
Luigi found this article of Dinarian interests... Yet more evidence the IQD is going digital. Treat as a rumor. Not verified. Your opine. Bond Lady's Corner: Article: "To Get Rid Of Transactions" Official talks between the Industrial Bank & the grain trade. Director of the Grain Trade discussed today with the Industrial Bank ways to improve the ways financial situation & automate the process.
-
19 Feb 2017 Backdoc... We will need to see this rollout very soon since it is linked to the new budget and taxes. Last week the US Treasury connected the new digital Dollar to the new digital Dinar. Yesterday we see the new digital platform admitting they already connected to 60 countries. Wow...this process is now irreversible.
