Zurich UK hit by £2.3m fine for data loss

first_img CITY watchdog the FSA has slapped a £2.3m fine on the UK branch of Zurich Insurance for data security failings after the loss of a tape in South Africa containing details on 46,000 insurance customers.The FSA said the £2.275m fine was the highest to date handed down to a single firm for data security failings.Zurich UK, part of the Zurich Financial Services Group, did not have full control over the data being processed as part of an outsourcing agreement with its South African branch and was not aware of the tape’s loss until a year later, the FSA said. “Zurich UK let its customers down badly,” Margaret Cole, the FSA’s director of enforcement and financial crime, said. “Firms across the financial sector would do well to look at the details of this case and learn from the mistakes that Zurich UK made.” The company said it had already taken measures to improve data security after it became aware of the loss, which occured in August 2008 as the tape was being transferred to a data storage centre.Zurich Insurance UK chief executive Stephen Lewis said the loss of the back-up data tape was “unacceptable”. He added: “It served to remind us of the need to strive continually to improve the ways in which we seek to protect customers’ data.”Lewis said KPMG had been asked to carry out a root-and-branch review of security procedures. The FSA said the fine had been reduced by 30 per cent from £3.25m after Zurich UK agreed to settle at an early stage. FAST FACTS | DATA PROTECTION FINESNorwich Union was fined £1.26m in 2007 for data security problems.Three HSBC affiliated insurance companies paid a total of £3m last year for failing to protect customers’ confidential details. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tuesday 24 August 2010 7:58 pm whatsapp KCS-content Tags: NULL Zurich UK hit by £2.3m fine for data loss last_img read more

Jupiter flying high as assets shoot up 12pc

first_img Share whatsapp Tuesday 19 October 2010 7:48 pm whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap ASSET manager Jupiter posted a 12 per cent rise in assets under management to £22.2bn at 30 September, trumping analyst forecasts and lifting its shares sharply yesterday.The company, which listed on the London Stock Exchange this summer, reported net inflows of £734m in its third quarter as investors flocked to its mutual funds, especially its Merlin fund of funds and Sicav products.The segregated mandate business – in which Jupiter manages money for institutional investors — had net inflows of £210m, benefiting from the funding of a new mandate and additional assets from existing clients.Jupiter’s shares rose 9.6 per cent to 285p, well up on their 165p June listing price, prompting Numis analysts to upgrade their rating to “add” from “hold” after asset growth outpaced expectations.“We believe the group deserves a premium valuation to reflect premium growth, low earnings volatility and superior margins,” Numis said in a note yesterday.Earlier this month, Jupiter launched a Strategic Total Return fund and a Global Convertibles fund to be managed by recent hires Miles Geldard and Lee Manzi. It said that initial flows into these funds had been “encouraging”.A global emerging markets unit trust run by Kathryn Langridge, who joined in July, will launch in the fourth quarter, Jupiter added.In its half-year results, Jupiter’s chief executive Edward Bonham-Carter said the hedge funds business was moving onshore and its absolute return funds were delivering strong growth. KCS-content center_img Jupiter flying high as assets shoot up 12pc Show Comments ▼ Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndolast_img read more

Recalled: Liquid Plumr Clog Remover

first_img Liquid Plumr Clog Removers Recalled Due to Failure to Meet Child-Resistant Closure RequirementThe Clorox Company has recalled 5.4 million bottles of Liquid Plumr, according to the Consumer Product Safety Commission.The recall covers three types of Liquid Plumr Clog Removers:Liquid Plumr Pro-Strength Foaming Clog Fighter, formerly sold as Slow Flow Fighter – Orange bottle with a red capLiquid Plumr Pro-Strength Urgent Clear – Blue bottle with a red capLiquid Plumr Industrial Strength Urgent Clear – Black bottle with a red capThe recalled bottles are not child-resistant and children can remove the top, posing a risk of chemical burns and irritation to the skin and eyes. These products contain sodium hydroxide which is required by the Poison Prevention Packaging Act to be sealed with child-resistant packaging.The Clorox Company has received 8 reports of the child-resistant bottle caps not working as intended and 221 reports of the bottles leaking. No injuries have been reported.Consumers should keep this recalled product away from children and immediately contact The Clorox Company’s Liquid Plumr call center for disposal and refund instructions.The Clorox Company’s Liquid Plumr call center toll-free at 855-490-0705 from 9 a.m. to 5 p.m. ET Monday through Friday, or online at www.liquidplumr.com and click on “Important Safety Recall Notice” for more information.These products were sold at; Dollar General, Family Dollar, HEB, Home Depot, Kroger, Lowe’s, Meijer, Publix, Rite-Aid, Target, Walgreens, Walmart and other dollar, grocery, hardware and mass merchandise stores nationwide and online at Amazon.com, Drugstore.com and Quidsi.com from January 2012 through May 2016 for between $3 and $5. Please enter your comment! TAGSRecall Previous articleApopka resident struck by car on I-95Next articleOneOrlando Fund Process Explained Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR LEAVE A REPLY Cancel reply Please enter your name here Save my name, email, and website in this browser for the next time I comment. Share on Facebook Tweet on Twitter The Anatomy of Fear You have entered an incorrect email address! Please enter your email address here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Support conservation and fish with NEW Florida specialty license plate last_img read more

Obituary: John Stubbs

first_img John Stubbs, former membership secretary of the Institute of Fundraising’s Trusts special interest group, has died.John died last night in a hospice after battling with cancer for a number of months. Steve Vesse, Assistant Development Director at The University of Nottingham, said on behalf of the group committee:; “We are very sorry to lose a very good worker and valued colleague.”John set up and ran the group’s e-mail discussion forum. He admitted that he was inspired by FundUK, UK Fundraising’s pioneering e-mail discussion list for fundraisers which has been running since 1996. He wanted to offer a more focused service for trust fundraisers. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Obituary: John Stubbs Howard Lake | 9 December 2002 | Newscenter_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  14 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Tibit offers microdonation channel for charities

first_img A way of giving microdonations has launched that aims to give charities a new way of raising funds.Tibit enables people to sign up online and purchase bundles of ‘tibs’ that they can then spend where they see a Tibit link or button. Clicking this button or link takes the donor to a confirm screen where they can confirm their intention to send a tib, and tibit then transfers the money in the form of bitcoins. Charities can place a tib link or button on their site, or let supporters place tib buttons or links on their blogs or websites as can be seen on the Charities Buying Group page for Jobs for Veterans.[youtube height=”450″width=”800″]https://www.youtube.com/watch?v=rUQ_eK6DTys[/youtube] Tagged with: microdonations online fundraising tools  118 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis6 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis6 Advertisement To donate using tibit, individuals can use their social media logins or sign up using their email address and a password. Tibs are bought as a bundle of ten or more on the tibit site with credit/debit cards or bitcoins, with the purchaser choosing the tib value.If a donor has linked their twitter account to tibit, an automatic tweet is sent that tells their followers about the donated tib. To amplify reach, the tweet includes a link back to the tib button they clicked.Charities can also either use tibit as a standalone service and handle the admin side themselves, or they can go to the Charities Buying Group who will manage the income from received tibs for them. There are no setup or fixed running costs to use tibit, although charities pay a small commission on the donated tibs.  117 total views,  1 views today About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Melanie May | 1 April 2016 | News Tibit offers microdonation channel for charitieslast_img read more

We Get (More) Letters: Another Opinion on 99 Cent Store Development

first_img Dear Mayor Gordo, Councilmember Kennedy,I attended the 45-minute Zoom meeting held by the Summerhill Apartment Community Investments on Thursday, Feb. 4.I would like to share some observations about the meeting and the project on the site of the 99cent store at Los Robles and Villa as proposed.Context:The area is exceptionally consistent: one- and two-story buildings, many single-family homes built between 1900 and 1930, some low-rise apartment buildings, a handful of three-story structures. Lake Avenue Church is large, but is adjacent to the freeway, where air quality for residential use is not desirable. Lot sizes vary, but the typical residential lot is 50 x 150. Mature trees, often Coast Live Oak. It’s shady and lovely, whatever the building. Today are many historic districts in northwest Pasadena, either locally designated or listed in the National Register of Historic Places, and whose significance is now treasured.Notably, Pilgrim Towers, the retirement community building, was completed in 1979, 42 years ago, long before sensibilities about the impact of such developments on a neighborhood have changed. And while 11 stories tall, it has a relatively small narrow footprint and is heavily landscaped with mature trees around the perimeter. Pilgrim Towers should not be used as a point of comparison with this very different development of market-rate housing.It would be interesting to learn how many occupants of Pilgrim Towers shop at, and depend on, the 99.Givens:The General Plan allows a range of 0 – 87 units per acre. By contrast, the Zoning limits units per acre to 32. Likewise, the project does not meet City of Garden Apartment Development Standards. So, there is an inconsistency between the General Plan and the Zoning that has not been reconciled There are 2.5 acres on the site. Ideally, following Zoning, 32 x 2.5 = 80 units. (My math may be a little off, but sounds like a 323% increase!) 80 units are still a considerable number.As presented Thursday Feb 4: Historic ContextThe designer presented the design as taking cues from the surrounding neighborhoods. (This was unclear: although still in early stages, the project did not appear to reference the context or nor were any examples mentioned of how “historic cues” were referenced.) One of the two marketing people introduced himself as being born and raised in Pasadena. However, the extreme intervention that this project embodies demonstrates that a permanent disfigurement of a community, physically and culturally, may be proposed from any quarter.Several times the purpose of the Zoom meeting was stated in order to “prepare us for what was to come.” (Excuse me? Is this a done deal? Inevitable? By contrast, one may suggest that we, the community, shall prepare them, the developer, for “what is to come.” The comment rang as condescending.)The designer mentioned that the project would enable “eyes on the street.” (This famous quote by Jane Jacobs, who fought all her life to protect neighborhoods against heavy-handed community upheavals — especially powerless minority communities, as executed under New York’s powerful Robert Moses — was immortalized in her book, The Death and Life of American Cities. “Eyes on the street” are far more likely to emanate, one may argue, from those single-family homes and small businesses rather than from the inhabitants of an insular, inwardly oriented “enclave of Modernism.”)During the Zoom, some of us repeatedly asked that the meeting be recorded. It was not. Other chat comments, intended for “Everyone,” per Zoom protocols, were suddenly directed only to the marketing team, so that all attendees couldn’t see them. The meeting was abruptly ended by the developer at 4:45 with many people still wanting to make comments.Housing that is AffordableRepeatedly, attendees asked about affordable housing. The only response was that it was going to be accommodated off-site. “Off-site” affordable housing is NOT wanted. It should be on site, part of the project; moreover, a significant portion of the project should be devoted to housing that is affordable. It should be part of us, part of the community. Affordable housing elsewhere … why? Would that compromise the upscale effect of the development? Frighten well-paying renters.“Separate but Equal” comes to mind, frankly. By contrast, such an action would destroy the rich diversity here in this network of communities, all of which would be drastically affected, a diversity that is not lip service but one that actually is REALLY diverse. A reality that we love, that we depend on, and that we want to nourish because it enriches all of us.In addition, what would happen to surrounding property values? What would be the ripple effects? Would those families and individuals strugging now, fragile now, be faced with higher rents? Sure, those of us fortunate enough to own our homes may “benefit,” but housing prices in LA are high anyway. Of greater benefit is living in and enjoying our fantastic communities.ModernismThe 272+/- unit project was presented as an “enclave of Modernism.” An enclave is defined as a “distinctly bounded area,” within a larger unit. Like a fortress.. First, the surrounding historic context, from which we were told design cues were taken, is hardly Modern. That notwithstanding, how does this particular project differ from all the other “Modern” developments all around Pasadena? Rather, it appears formulaic, generic, and predictable.. Second, Modernism sought to disrupt the conventions of historic architecture as being only for the rich and also to exploit new building technologies on behalf of a new paradigm: gracious living in healthful places was deserved by all. It was a social ideal intended for “everyman,” habitats rich with plentiful green spaces and air that we all need to thrive. (Thousands of research papers have proven that nature near and nature far is necessary for human well-being.) Pretty green renderings can be deceiving compared to the built reality.. Third, this development is not “Modern” unless Modernism is defined only as a style and not a series of questions we raise on behalf of our brothers and sisters. The proposed project is MASSIVE, more like stolid Soviet-style housing of the ‘60s. In comparison to the context, its impact recalls the (very) short film, “Bambi Meets Godzilla.” https://www.youtube.com/watch?v=8s3UogfAGg0The 99cent storeTrue, the store is antiquated. True, it’s not pretty to look at, and the adjacent building is sad indeed. But the store serves a vital service for the community across income levels. Why should I pay $3 for a box of black raspberries at a regular supermarket when I can buy the exact same product, same supplier, same label, for $1? Many of us are not hyper-hip, and simply admire and practice frugality. In Europe, many such stores are designed to fit into a new setting – witness Richard Neutra’s Channel Heights project of 1942. Why not this store, preserving continuity and service to the community?ConclusionThis and other recent community Zooms showed intense concern about this project. As presented, it is wholly inappropriate for its site, presenting a significant impact to the environment and to the historic resources all around it. It should be downsized, lowered in height and decreased in massing, and redesigned according to established Zoning laws. It must address the scale of the area, introduce more greenery, and respect the many different populations we are and whom we need around us. With us.Thank you for your time and attention.Barbara LamprechtGot something to say, email Managing Editor André Coleman, at [email protected] Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribe Your email address will not be published. Required fields are marked * Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Name (required)  Mail (required) (not be published)  Website  Top of the News center_img Business News Opinion & Columnists We Get (More) Letters: Another Opinion on 99 Cent Store Development Published on Friday, March 5, 2021 | 3:30 am More Cool Stuff First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment 80 recommended0 commentsShareShareTweetSharePin it Herbeauty18 Ways To Get Rid Of HiccupsHerbeautyHerbeautyHerbeautyVictoria’s Secret Model’s Tips For Looking Ultra SexyHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyKim To File For Divorce From Kanye West After 6 Years Of MarriageHerbeautyHerbeautyHerbeauty11 Ayurveda Heath Secrets From Ancient IndiaHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

WorldRemit Announces Winners in the USA of Holiday Season Promotion to Help Filipino Beneficiaries…

first_img DENVER–(BUSINESS WIRE)–Feb 4, 2021– WorldRemit, a leading digital cross-border payments business has announced the winners of its recent Grainsmart store franchise promotion to help customers give their beneficiaries the opportunity to start a business in the Philippines. Customers qualified for the promotion by sending money to the Philippines and nominating a beneficiary of their choice. The winners include frontline healthcare workers and teachers from a number of countries including the United States, Australia, Canada, New Zealand, Norway, Sweden and the United Kingdom. Beneficiaries will now be opening Grainsmart stores across the Philippines in places that include Cebu, Davao, San Carlos and Tagum City “We’re so pleased to give recipients this great opportunity to start a business that will help them to support their families and become more financially stable. The franchisees have the option to expand these businesses and potentially create job opportunities for members of the wider community. This underlines our commitment to helping Overseas Filipino Workers to support those dearest to them back home,” said Earl Melivo, Country Director for the Philippines at WorldRemit. Benjamin Batac, CEO at Grainsmart added, “It’s an honour to partner with a company like WorldRemit that shares our values. With many of the franchise contracts already signed, this promotion will create sustainable jobs and also give much-needed support to Filipino farmers, many of whom are facing challenges due to the pandemic and recent natural disasters.” Winner and Beneficiary Mayvonne Morales said, “I was born and raised in Cebu but have lived in Las Vegas for the last 30 years. The Filipino culture of supporting family and friends is so important to me. I still can’t believe I have won this Pangkabuhayan prize! It all started when I got a message from a childhood friend in the Philippines asking for financial help because her mom was in the hospital with kidney problems. I know how it is to be sick with kidney issues because I have been through that in January of 2015. So I went ahead and sent money to my friend via WorldRemit since it’s very convenient just on my phone. It is fast and just for a minute or two the recipient will receive the money and above all they have the highest exchange rate compared to other remittance companies that I have researched. After I sent the funds I got notified right away that the transaction went through successfully. After that another screen popped up asking me if I wanted to enter in a draw for pangkabuhayan in the Philippines. I filled out the form, sent and forgot about it, that was sometime in November of 2020. Every year since 2015, I visit Cebu to give thanks to Senior Sto Nino for the gift of life. When I was diagnosed with acute kidney failure in 2015, it was the awakening moment of my life. I realized that living in this world is not only about me and my dreams. It’s about making a difference in my own little way. I always set aside money for the Philippines so when I go I can put it into projects which include donating to a feeding program for children and buying printers for an elementary school in the north of Cebu. When I received the call to say I had won the prize I thought it was a scam because I’ve been wanting to open a rice or grocery store in the Philippines for so long! I’m so happy with this opportunity given to me after my retirement to continue my journey here in the Philippines and to touch people’s lives in my own little way”. Winner Shirley Fe Torrecampo who lives in Arizona with her husband, plans to move to Cabuyao Laguna where they will run the Grainsmart business. Shirley said, “My husband Emmanuel and I have been working as teachers in the US for the last 5 years. We were supposed to go back home to the Philippines last May but couldn’t travel due to the border closures. We’ve been using WorldRemit ever since we moved to America and to win this competition feels like fate! I’m really excited about opening the store and running our own business for the first time”. Each Grainsmart franchise business package includes:60 sacks (25 kg each) of riceA tablet that’s fully set up for a bills payment center accountBusiness signage, marketing collateral, and other business paraphernaliaAn online training and mentorship program – to provide guidance for setting up the business for success. As well as the COVID-19 pandemic, Filipinos have also had to deal with the devastation caused by Super Typhoon Goni and Typhoon Vamco, which have displaced thousands and destroyed livelihoods. Take advantage of competitive exchange rates for the Philippine peso by visiting www.worldremit.com or downloading the app. Winners were announced on the WorldRemit Facebook page ( https://www.facebook.com/WorldRemit/ ). For more details visit www.worldremit.com/pangkabuhayan. WorldRemit WorldRemit is a leading digital cross-border payments business. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower-cost. We currently send from more than 50 countries to 130+ receive countries, operate in 6,500 money transfer corridors worldwide and employ over 1,100 people worldwide. On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money. Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom with regional offices in the United States, Canada, Australia, New Zealand, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium. For more information visit www.worldremit.com View source version on businesswire.com:https://www.businesswire.com/news/home/20210204005490/en/ CONTACT: For Media Inquiries Khristine Dela Cruz Media Relations Manager Ogilvy [email protected] 09178554779 KEYWORD: COLORADO UNITED STATES NORTH AMERICA PHILIPPINES ASIA PACIFIC INDUSTRY KEYWORD: NETWORKS FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY FOOD/BEVERAGE MOBILE/WIRELESS RETAIL SOURCE: WorldRemit Copyright Business Wire 2021. PUB: 02/04/2021 04:10 AM/DISC: 02/04/2021 04:10 AM http://www.businesswire.com/news/home/20210204005490/en WhatsApp WhatsApp Facebook Twitter Previous articleJanus Henderson Group plc Reports Fourth Quarter 2020 Diluted EPS of US$1.02, or US$1.04 on an Adjusted BasisNext articleGlobal Healthcare Cybersecurity Market Forecast to 2027 – Fireeye, Palo Alto Networks, Sophos, Juniper Network and Fortinet are Dominating – ResearchAndMarkets.com Digital AIM Web Support By Digital AIM Web Support – February 4, 2021 TAGS  center_img Twitter Local NewsBusiness Pinterest Facebook WorldRemit Announces Winners in the USA of Holiday Season Promotion to Help Filipino Beneficiaries Start a Business Pinterestlast_img read more

Mortgage Data Protection Efforts

first_img About Author: Nicole Casperson  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Breaches HOUSING mortgage 2017-11-01 Nicole Casperson The Best Markets For Residential Property Investors 2 days ago Related Articles Mortgage Data Protection Efforts Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Tagged with: Data Breaches HOUSING mortgage Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Mortgage Data Protection Efforts On Wednesday, National Association of Federally-Insured Credit Unions (NAFCU) Board Treasurer and President and CEO of Mission Federal Credit Union, Debra Schwartz, testified during a hearing titled, “Data Security: Vulnerabilities and Opportunities for Improvement,” held by the Subcommittee on Financial Institutions and Consumer Credit.As data security standards remain a subject of considerable debate in the financial services sector, Schwartz detailed the impact of the recent data breaches on credit unions, and outlined key data security principles Congress can take to hold other entities to similar standards as financial institutions. “Credit unions suffer steep losses in re-establishing member safety after a data breach occurs,” Schwartz’s testimony states. “They are often forced to charge off fraud-related losses, many of which stem from a negligent entity’s failure to protect sensitive financial and personal information or the illegal maintenance of such information in their systems.”Schwartz continued to explain, “Moreover, as many cases of identity theft have been attributed to data breaches, and as identity theft continues to rise, any entity that stores financial or personally identifiable information should be held to minimum federal standards for protecting such data.”According to the subcommittee’s memorandum, as the public is still recovering from the aftermath of Equifax’s breach, “congress must thoroughly examine data security vulnerabilities and the shortcomings of the existing federal and state regulatory regimes to identify any gaps in data security regulation and highlight opportunities for reform.”In the November 2017 edition of DS News’ sister publication, MReport magazine, the cover story “Threat Assessment” explores the top five ways companies are vulnerable to having their data hacked—brute force access, malware attack, phishing, privilege misuse, and physical theft. Additionally, reporting industry experts’ insights. “When it comes to data breaches such as Equifax, the threat doesn’t go away with time,” said Dan Jones, VP of Technology & Sales Support at Churchill Mortgage. “Literally in 10 years, someone could buy that list again and try to take out a mortgage or even attempt a HELOC in someone else’s name.”According to Todd Hougaard, a Software Product Manager at Mortgage Cadence, an Accenture Company, the mortgage industry must be wary of future fraudulent activities.“It’s quite possible that we are entering a new period of criminal fraud activity in this industry,” said Hougaard. “If we are forced to assume that bad actors now have sensitive financial information for most consumers and that these criminals are experts at manufacturing fake online identities based on this new information, what additional protections are going to be required?” MReport has been following the issue of data breaches, delving into detail on the matter—and what can be done to protect yourself—in the November 2017 edition, out now. The Week Ahead: Nearing the Forbearance Exit 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] November 1, 2017 1,583 Views Share Save Demand Propels Home Prices Upward 2 days ago Previous: Delinquencies up for Fannie Mae Next: Fed Retains Rate … For Now Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Using Intelligent Data to Create ‘Smartloans’

Subscribe Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post California-based loanDepot announced that it aims to radically change mortgage lending with the debut of the mello smartloan™. The mello smartloan is an end-to-end digital mortgage which accommodates today’s online-savvy consumer, reducing the stress and frustration that can come with buying or refinancing a home. loanDepot combines its proprietary mello loan origination technology with expanded, intelligent data sources to create a ‘smartloan.’ mello smartloan, when placed in the hands of the company’s 2,000+ loan officers enables the company to merge technology with counsel—reducing time and cost for across the loan process.The end-to-end digital loan also provides increased surety, security, and reliability when compared to that of traditional mortgage products and processes. For customers, mello smartloan offers optimal convenience with full digital documentation capabilities; for loan officers, the data derived from loanDepot’s proprietary loan engines enables them to deliver the ultimate in mortgage confidence. And, with mello smartloan, customers can learn if they have the potential to close their mortgage as soon as eight days from the date of application, a mark that far surpasses industry norms.“We designed the mello smartloan to mirror the digital experience that today’s consumer wants,” said Anthony Hsieh, Founder and CEO of loanDepot. “The mello smartloan leapfrogs decades of traditional industry reliance on paper documentation and physical files. Our unmatched technology accelerates beyond current front-end data validation techniques to eliminate homebuyers’ biggest stressors: voluminous documentation requirements and extended loan processing and cycle times. The mello smartloan™ eliminates the paperwork and the guesswork while delivering a great product at a great value.”loanDepot stated that it has invested more than $80 million in the proprietary technology that powers the mello smartloan™. The company projects that up to 55 percent of new loanDepot applicants will ultimately be eligible for this innovative digital home mortgage experience, and many of those same customers will also enjoy more favorable loan pricing due to the lower overhead costs.The mello smartloan™ converts every step in the loan’s origination from paper to digital, intelligently interconnecting them in real time:income, asset, and employment verificationcredit checksappraisal, title, and Flood ValidationclosingBy taking advantage of this loan application and processing approach, and the intelligent, digitized validation it brings, the mortgage transaction is expected to become more secure and hassle-free, and the time to close is reduced up to 75 percent.“We built the mello smartloan with one goal in mind–the customer experience, where obtaining a loan complemented our customers’ digital lifestyles,” said Tammy Richards, COO of loanDepot. “We are committed to making the entire end-to-end loan process easier, faster, stress-free and a natural extension of our customers’ lives.” Anthony Hsieh LoanDepot mello smartloan™ Tammy Richards 2019-02-20 Donna Joseph About Author: Donna Joseph Using Intelligent Data to Create ‘Smartloans’ Previous: The Growth Trajectory of Single-Family Rent Prices Next: The End of Housing Inventory Woes? Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago February 20, 2019 1,789 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Anthony Hsieh LoanDepot mello smartloan™ Tammy Richards Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News, Servicing The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Home / Daily Dose / Using Intelligent Data to Create ‘Smartloans’ read more

[COVID-19] All Judicial Proceedings In Madras HC Will Be Conducted Via Video Conferencing [Read Circular]

first_imgNews Updates[COVID-19] All Judicial Proceedings In Madras HC Will Be Conducted Via Video Conferencing [Read Circular] LIVELAW NEWS NETWORK19 April 2020 1:38 AMShare This – xMadras High Court has issued a circular stating that all judicial proceedings in the High Court will only be conducted through video conferencing in wake of the COVID-19 pandemic. The circular has been issued in order to completely secure the premises of the High Court and to prevent the spread of any infection after it was found that the State Government Counsel’s Office assistant…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginMadras High Court has issued a circular stating that all judicial proceedings in the High Court will only be conducted through video conferencing in wake of the COVID-19 pandemic. The circular has been issued in order to completely secure the premises of the High Court and to prevent the spread of any infection after it was found that the State Government Counsel’s Office assistant tested positive for COVID-19. The court-halls will also not be available for any judicial functions. This is being done in a bid to sanitise the halls so that they can be rendered hygienically fit for future use. The circular further states that all judicial functioning by the judges as per the roster assigned will continue through video-conferences, until further orders are issued.Read Circular HereNext Storylast_img read more