soundlab production – DS Sound Labs http://dssoundlabs.com/ Sat, 01 Oct 2022 11:31:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://dssoundlabs.com/wp-content/uploads/2021/10/icon-5-120x120.png soundlab production – DS Sound Labs http://dssoundlabs.com/ 32 32 WHY A Personal Loan Could Be Smart for Paying Off Your Debt https://dssoundlabs.com/consolidated-debt-loan-definition-what-are-debt-consolidation-loans/ Sun, 29 Aug 2021 15:45:41 +0000 https://dssoundlabs.com/?p=65 A personal loan for debt consolidation can help you simplify your finances, reduce interest payments and put your focus on one monthly payment. How does a debt consolidation loan work? The economy forces people to rely on loans more and end up paying a lot in interest when they have high-interest credit card debt. A debt […]]]>

A personal loan for debt consolidation can help you simplify your finances, reduce interest payments and put your focus on one monthly payment.

How does a debt consolidation loan work?

The economy forces people to rely on loans more and end up paying a lot in interest when they have high-interest credit card debt. A debt consolidation loan provides you with immediate cash to pay off your high-interest debt. It also replaces your existing loan. Your new loan will have a lower interest rate than your old debt. This can help you save interest costs and make monthly payments less.

Consolidating debt can be a good option for people with high-interest debt. Consider a scenario: You have $6,000 of credit card debt at 16%, $2,000 left on an auto loan at 9.5%, and $4,000 in medical bills. The late fee is $100 each month until the loan is paid off.

A $12,000 debt consolidation loan at 8.5% would allow you to immediately pay off all of your other debt. In addition to saving 7.5 percentage points on your credit card and 1.0 percent on your auto loans, you can also avoid the $100 monthly penalty your medical provider charges for late payments. In the long term, this will save you money. Also, if your terms were identical, you’d pay a lower monthly fee.

What are the terms of consolidation loans and what are their rates?

Your credit score, the amount of your loan, your monthly income, and loan term will all affect your rate. Rates can also be affected by the overall rate environment. As an example, rates for an unsecured Express Personal Loan through First Midwest Bank were between 5.16% APR and 16.31% APR at the close of 2020.

A key decision is the loan term. The interest rate generally lowers the shorter the loan term. By paying your loan off sooner, you can save quite some interest. Not only is the interest rate lower, but your principal also has less time to accrue it.

Why then do people not always choose the shortest terms? It’s the monthly repayment — you can only pay the loan off faster if you make more monthly payments. Many people do not have the cash flow to pay that much. It is important to strike the right balance between saving interest and keeping your monthly expenses manageable when choosing the term.

Can a Consolidated Debt Loan Impact Your Credit Score?

Regular payments will help your credit score. A debt consolidation loan won’t hurt your credit score. You may be able to improve your credit score by consolidating debt.

If you are already in default on your payments or have excessive debt, personal loans may be able to help you pay off those debts and make monthly payments. Your credit score will improve if you make all of your payments on time.

Your revolving credit, also known as your credit cards, is another important factor in your credit score. How much is your balance? What is your balance relative to what you are allowed to borrow? This is your credit utilization rate.

Consider this: If you have only one credit card and you are in default, you would have a $6,000 credit card balance. This credit card allows you to have an $8,000 line for revolving credits. Even if your minimum monthly payments are met, your credit utilization ratio of 75% would still apply. This is a huge amount. Credit monitoring services want to see this ratio lower than 30%.

A debt consolidation loan can be used to pay the balance without closing down your account. You can then transition to much lower balances which are fully paid each month. This will help you improve your credit utilization, which in turn can improve your credit score.

You should also be aware that any loan application requiring a hard credit review will temporarily impact your credit score. Your credit score will not be affected by talking to a lender about getting a loan or getting a low rate quote.

What is Unsecured Debt Consolidation?

Unsecured loans are often a mystery to many people. Unsecured loans do not require collateral. What is collateral? Consider it a secured asset. One example of this is a mortgage loan where the house is used to secure the loan. In order to recover the loan cost, the bank may take possession of the home if the borrower defaults on mortgage payments.

A consolidation loan for unsecured debt is available without the need for collateral. The unsecured debt consolidation loan does not require the borrower to put up collateral such as a home, car, jewelry collection, or any other valuable property.

The best loan rates are typically reserved for those who put up substantial collateral. However, an unsecured loan offers several benefits.

  • You can avoid appraisal fees and the hassles of scheduling an appraisal
  • Unsecured loans can be approved faster by banks than they are by banks.
  • All borrowers are eligible for the loan even if they don’t have collateral

You may feel relieved as a borrower because you know your home, or any other valuable asset is not at risk from an unsecured loan.

Debt Consolidation using a Personal Loan: The Pros and Cons

Consolidating debt can have many advantages.

  • A debt consolidation loan could allow you to pay lower interest rates on your outstanding debt and also lower monthly payments.
  • One monthly payment will simplify your bills and billing cycles. This will make it easier to pay the bill.
  • By making regular, on-time payments, you could build your credit rating.
  • Paying off large credit cards balances can help you improve your credit utilization ratio, which is an important component of credit score.

The downside to this loan is that you may not be able to qualify for it or not receive a rate that allows you to save on interest.

The second con is the way a debt consolidation loan should be treated. It can be seen as a solution to all of their financial problems by some people. But this loan does not address the core issue. The borrower may have become so indebted that they are now unable to pay their bills. If the borrower doesn’t take steps to reduce their credit dependence, lower their overall expenses and increase their savings they might find themselves in the same place several years later.

You should apply for a debt consolidation loan if you are interested. A debt consolidation loan may be combined with financial planning, money management education, or credit counseling if you’re serious about breaking the cycle of debt. You have many options when you begin to address high-interest debt.

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What do you do if your employee does not respect social distancing? https://dssoundlabs.com/what-do-you-do-if-your-employee-does-not-respect-social-distancing/ Thu, 11 Mar 2021 08:11:55 +0000 https://dssoundlabs.com/what-do-you-do-if-your-employee-does-not-respect-social-distancing/ It is important to ensure that you have all relevant safety measures in place before asking employees to return to work. Photo: Getty Since early August, employers in England have had more freedom to decide how staff should work, whether at home or in the workplace. But in recent weeks, ministers have actively encouraged the […]]]>

It is important to ensure that you have all relevant safety measures in place before asking employees to return to work. Photo: Getty

Since early August, employers in England have had more freedom to decide how staff should work, whether at home or in the workplace. But in recent weeks, ministers have actively encouraged the return to offices and other workplaces to help stimulate trade to local businesses that relied on transient workers.

Before employees can return to the workplace, a number of safety measures must be put in place. One-way systems should be introduced to minimize contact, common objects and areas should be cleaned frequently, and people should adhere to the “one meter plus” social distancing rule, among other precautions such as wearing face coverings. faces or increased ventilation inside.

But what should employers do if a staff member refuses to socially distance and puts others at risk?

READ MORE: Why forcing people to turn on their Zoom cameras isn’t inclusive

“With the global pandemic still playing a huge role in people’s lives, unfortunately some people are becoming complacent about social distancing and mask-wearing,” says Andrew Willis, chief legal officer at the HR and employment law firm. Croner.

“This means that even if you have a perfect plan for COVID-proofing your workplace, it may not matter. The health and safety of your employees is your responsibility, even if they put themselves and others at risk. »

First, it’s important to make sure you’ve completed a risk assessment and put all relevant safety measures in place before asking employees to return to work.

READ MORE: Is a noisy office always a good thing?

“Have you marked floors to highlight the two-meter distances? Have you installed hand sanitizing stations? Finally, have you communicated all the measures to your employees? Are they aware of it? If your answer to any of these questions is ‘no’, you must answer them before penalizing the staff,” Willis says.

If you’re sure you’ve done everything right, the next step is to have a conversation with the employee. Make sure they know that maintaining a distance from other employees is essential for their own safety and the safety of others. Sometimes it can be easy to forget to stay away from others when you’re back in the office and things seem more normal.

Inform the employee that failure to comply with the measures you have defined may constitute serious misconduct. “Ultimately, their behavior could lead to dismissal. Hopefully that will be enough to persuade them to follow your health and safety guidelines,” says Willis. “If not, you need to take a more serious disciplinary route.”

As with any disciplinary action, you must follow the correct procedure or risk a wrongful termination claim.

“Start with a misconduct investigation. It may be necessary to suspend the employee if their presence interferes with the investigation. Once complete, you should send a letter to the employee informing them of the allegations and next steps,” says Willias.

“Do not pronounce any sanction during the hearing. The purpose of this meeting is to determine if the employee violated your health and safety measures,” he adds. “Once the meeting is over, you decide whether – based on the evidence – the allegations are true. If so, you can then decide to dismiss the employee. Employees have the right to appeal this decision, and you should remind them of this.

Look: How to quit without burning bridges

READ MORE: What is reverse mentoring and can it work for businesses?

Sometimes it seems easier to turn a blind eye to a worker who ignores safety precautions. But with the rise in COVID-19 cases in the UK, it’s extremely important to make sure everyone follows the rules.

“Failure to act when an employee violates your COVID safety measures sets a precedent for others to do the same and demonstrates a breach of your duty of care to employees and non-employees,” Willis says.

“Remember that failure to protect your employees is your responsibility and you may be vicariously liable for the actions or failures of your employees. This can lead to hefty fines from the HSE or worse – an outbreak among your staff.

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Collection Agency Licensing Coming to California | Clark Hill PLC https://dssoundlabs.com/collection-agency-licensing-coming-to-california-clark-hill-plc/ Thu, 11 Mar 2021 08:11:55 +0000 https://dssoundlabs.com/collection-agency-licensing-coming-to-california-clark-hill-plc/ On September 25, California Governor Newsom signed into law Senate Bill 908 enacting California Debt Collections Licensing Act or DCLA. Enforcement begins Jan. 1, 2022, and regulations interpreting the law are expected after Jan. 1, 2021. The DCLA is a component of California’s overhaul of its consumer financial protection strategies that also revamped departments existing […]]]>

On September 25, California Governor Newsom signed into law Senate Bill 908 enacting California Debt Collections Licensing Act or DCLA. Enforcement begins Jan. 1, 2022, and regulations interpreting the law are expected after Jan. 1, 2021. The DCLA is a component of California’s overhaul of its consumer financial protection strategies that also revamped departments existing ones, with the help of former CFPB director Richard Cordray in a Department of Financial Protection and Innovation or DFPI (formerly known as the Department of Corporate Oversight). This article examines the new collection agent licensing requirements as well as insights from Courtney Reynaud, who, on behalf of the credit and collections industry, has provided advice and shared practical information with the California during the legislative process.

As is the practice in California, on November 16 and December 8, 2020, the DFPI held public “listening sessions” similar to those the state has sponsored regarding its privacy laws, with several objectives. First, the “open” virtual session summarized the expected timeline for issuing regulations under its new DCLA. Second, DFPI provided an expected timeline for debt collectors to register for licensing under the DCLA. Finally, DFPI allowed the public to provide comments and questions, although only a small number were offered, with a number of small businesses expressing concern over tough economic times and onerous regulations. The DFPI did not provide any details about the actual application process and did not say whether California, like many other states, would become active in the association of state licensing authorities known as the “NACARA”. In fact, the DFPI took comments and questions and recorded them but did not respond. However, as noted by Courtney Reynaud, president of the Creditors Bureau USA and former president of the California Association of Collectors, SB 908 authorizes the DFPI to use the electronic licensing platform of the NMLS.

Debt Collection Licensing Act

It is important to note that the DCLA includes provisions that go far beyond collection agency licenses, which will be new to California. The DCLA gives new powers to the DFPI to enact regulations and increase powers to oversee and enforce collection activities such as illegal, unfair, deceptive, or abusive acts of debt collectors against California residents. In addition, the DCLA amends existing California laws to add certain notices to consumer letters. In addition, the DCLA requires debt collectors and debt buyers to provide their license number in at least 12-point characters in written or digital collection communications which should be harmonized with California’s Rosenthal law, among others. laws. If asked, collectors will also need to provide their license information to consumers during phone calls. The DCLA also establishes a debt collection advisory committee consisting of seven members appointed by the DFPI.

At the start of the first listening session, DFPI Commissioner Manuel Alvarez provided some insight into the two rule-making initiatives that the DFPI will manage in 2021. These initiatives will cover both the application process and the ‘application. In each case, the DFPI will receive comments from the public. Both sets of rules are expected to be finalized in 2021. This path for rulemaking and ultimately enforcement is similar to the path California followed to implement the California Consumer Privacy Act or CCPA (California Civil Code 1798.100) . The CCPA itself has proven difficult for industries to implement and will be subject to further updates due to California’s recent passage of the California Privacy Rights Act of 2020. (passed by California voters as “Proposition 24” at the polls on November 3, 2020).

Chronology of debt collection licenses

Collection agents who wish to collect from California consumers beginning January 1, 2022 must apply for a license by December 31, 2021. The license application window will open in late summer or fall 2021. that license applications submitted before January 1, 2022, will not have been reviewed by January 1, 2022, any agency seeking to collect from consumers in California must have submitted a complete license application by that date to remain compliant at the DCLA. The DFPI plans to review applications and licenses in 2022; however, it is clear that agencies must have applied before 2022.

What does this mean for debt collectors?

As debt collectors know, navigating each state’s licensing requirements requires some serious organizational gymnastics. The year of time to complete the application required by the DCLA will be significant. Agencies will need to align their existing operations with the new requirements for written and oral communication with consumers. Debt collectors also need to consider whether the new California Privacy Rights Act of 2020 will require synchronization with the implementation of the DCLA.

Ms. Reynaud also pointed out that while California has removed some of the financial barriers for collection agencies under the DCLA, bonding is still required and agencies still must consider implementation costs. In addition, Ms. Reynaud warned that California could define “debt collector” to include buyers of assets and attorneys who use court and court proceedings to collect debts. Ultimately, Ms. Reynaud expressed her gratitude for the opportunity the industry had to share information with California lawmakers during the legislative process and is optimistic that the newly revamped California regulator will maintain the proactive and helpful approach. which it has used in the past to license other industries.

Debt collectors and buyers are encouraged to keep an eye out for California’s 2021 licensing regulations and other consumer debt collection strategies.

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PERSONAL FINANCES/JOHN NINFO: A Seventh Anniversary Chronicle https://dssoundlabs.com/personal-finances-john-ninfo-a-seventh-anniversary-chronicle/ Thu, 11 Mar 2021 08:11:55 +0000 https://dssoundlabs.com/personal-finances-john-ninfo-a-seventh-anniversary-chronicle/ As promised in the last column, here is the BLAST FROM THE PAST! This is the first column I wrote for the Daily Messenger seven years ago. We reprinted it three years ago, but this vacation spending advice continues to be so important and still relevant. I’d love it if all of our regular readers […]]]>

As promised in the last column, here is the BLAST FROM THE PAST! This is the first column I wrote for the Daily Messenger seven years ago. We reprinted it three years ago, but this vacation spending advice continues to be so important and still relevant.

I’d love it if all of our regular readers could say, “That’s old news. After years of reading your vacation spending tips, my whole family is now doing it.”

I appreciated the opportunity to write this column, and I am grateful to those of you who have stopped me over the years to tell me that you have enjoyed the columns, learned something about finances, passed on to others, thought more about your finances, or just confirmed what you were doing with your finances. I look forward to our future discussions.

Here it is with some 2020 updates at the end.

holiday thoughts

I appreciate the opportunity to do a personal finance series for the Messenger Post newspapers, and couldn’t be more excited.

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Huge US Debt Threatens Our Prosperity https://dssoundlabs.com/huge-us-debt-threatens-our-prosperity/ Thu, 11 Mar 2021 08:11:55 +0000 https://dssoundlabs.com/huge-us-debt-threatens-our-prosperity/ Can you count to a trillion? Probably not. Do you even know how many billions equal one trillion? Someone either in Congress or in the Treasury or perhaps both must have machines programmed to run in trillions and billions. What comes after trillions? I guess I should ask you if you care. Isn’t it when […]]]>

Can you count to a trillion? Probably not. Do you even know how many billions equal one trillion? Someone either in Congress or in the Treasury or perhaps both must have machines programmed to run in trillions and billions. What comes after trillions? I guess I should ask you if you care. Isn’t it when the dollar becomes absolutely worthless and coins are nothing more than worthless collectibles?

Either way, someone or some mechanism within the government has pronounced our national debt at $23.5 trillion. Something has to be done or the drug pushers won’t be able to afford to send payments to their suppliers. We can finally kill the heroin and cocaine trade. Oh, that national debt figure? Take it to $24.25 trillion. Our Congress, in its infinite wisdom, has just passed a budget with a built-in trillion dollar deficit!

How can they do that? What badly needed budget items are so necessary that we blithely add them without funding? I fear that our politicians are treating debt as a waste. If we ignore it, it won’t interfere with our business if we totally disregard it. But what if the foreign holders of our bonds suddenly want to redeem their holdings? What do we send them? A huge canister of air? Take China for example. If our money is worth nothing, what will they demand in payment? Hawaii? They already operate the Panama Canal. Seizing all of our possessions would complement their desire to surround us and prevent us from having bases to attack them. And don’t think they don’t have long-term planning sessions along those lines.

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The fact is that our debt will have made the dollar so devalued that in the near future commerce will have three currencies to anchor its business around the world – the dollar, the euro and the Chinese yuan, with China being the currency of preferred anchor to the other two. Would you like to attend an event only to be stopped at the door for currency other than a dollar? When that happens, the United States, as a trading power, will be in deep doo-doo.

We must stop the deterioration of our currency by inventing something that the whole planet needs and wants. How about selling expertise in air and water purification? The goal of the government going into business is to channel all profits into debt reduction—nothing else! No welfare programs, no building programs, nothing but debt reduction. How would we acquire expertise and how would we maintain it? Congress first declares it a government monopoly. The private company will do what it always does, come up with the technology and the contracts like it does with the Department of Defense, and go into business. The planet wins and a new business entity is added to our technology base. Iowa should help clean up half the water on the planet, because we’re identified as the top killers in the Gulf of Mexico.

In addition to cleaning the natural space of our countries, we can practice the effectiveness of our methodology in ours. The United States can be a huge laboratory, possibly maintained by neighboring landowners or by states as shareholders of the whole enterprise. If we can involve the States, a large part of our population will be put into paid work for their heritage as well as ours.

I hope if anyone has read this far that people don’t think the above is the only way to save the planet and the dollar. We need more Elon Musk types to be funded by the super-rich who, when something surprising and wonderful comes of age, will hand it over to the feds to save the dollar and renew its value. There will be many heroes in this endeavor, but we need determined heroes if we are to survive and thrive. Another quote from Ralph Waldo Emerson: “Demonstrate ethical behavior and reliability rather than proclaiming them”.

Stanley Smith is a former member of the Cedar Falls City Council.

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Quiz Clothes and Victoria Beckham https://dssoundlabs.com/quiz-clothes-and-victoria-beckham/ Thu, 11 Mar 2021 08:11:54 +0000 https://dssoundlabs.com/quiz-clothes-and-victoria-beckham/ Last week, Quiz Clothing reported that revenue fell to £17.2m or 73% in the six months to September 30, 2020. Reasons given were coronavirus store closures and the removal of the demand for the brand’s “branded” formal wear. This news follows media reports in August 2020 that Quiz Clothing had doubled its banking facilities. At […]]]>

Last week, Quiz Clothing reported that revenue fell to £17.2m or 73% in the six months to September 30, 2020. Reasons given were coronavirus store closures and the removal of the demand for the brand’s “branded” formal wear.

This news follows media reports in August 2020 that Quiz Clothing had doubled its banking facilities. At that time, it appears that there were no financial covenants applicable to this facility. But given its latest results, if Quiz Clothing had been looking to double its installs last week, the outcome might have been different.

Additionally, earlier in January, auditors of Victoria Beckham at BDO warned that relying on shareholders to provide continued financial support had created “material uncertainty which could cast doubt on the company’s ability to Continue”. This follows Victoria Beckham receiving an additional £9.2m from shareholders in April 2020 to repay monies owed to HSBC after breaching its covenants.

Certainly few UK companies have the luxury of a seemingly unlimited source of alternative funding from an associated party. A significant deterioration in the results/financial situations of UK companies as a consequence of Covid-19 will undoubtedly lead to covenant breaches.

However, does breaching a covenant inevitably mean a bank will take action? If so, what remedies can a lender seek and is there anything a borrower can do to make their case?

What are debts or financial covenants?

Covenants are contractual obligations that banks place on borrowers in facility agreements. The borrower agrees to certain positive or negative actions.

  1. Positive debt covenants to understand:
    • Achieve certain financial threshold ratios (examples below)
    • Agree to provide audited financial statements and other information
    • Ensure that accounting policies are applied in accordance with applicable standards
  2. Negative debt covenants are by comparison covenants that state what a borrower cannot do without the consent of the lender. For instance:
    • Pay cash dividends above an agreed threshold
    • Have key assets
    • Borrow more debt or give collateral (known as negative pledge).

Examples of debt financial ratio covenants

Below are common covenants you often see in loan agreements:

Determine an infraction?

A significant deterioration in a company’s financial health can lead to easily identifiable covenant breaches. This could make the related debt payable on demand before the contractual maturity date. Auditors may then need to reclassify the debt liabilities as due in the current year.

However, loan agreements often include subjective covenant clauses (eg, “material adverse change” clauses) and borrowers will need to exercise judgment in determining whether these subjective covenants are breached. Even if a breach remains uncertain, directors will still need to assess their ability to maintain compliance with the covenants, in order to:

  • minimize the risk of failure to perform their duties as a director/incurring an undue commercial risk (when these obligations come into force again); and
  • decide whether or not to renegotiate the clauses of the covenants with the lenders.

More difficulties in complying with covenants

In the current Covid-dominated economic environment, companies are likely to find it harder to meet covenants. The following circumstances could lead to a material deterioration in financial performance, which could in turn lead to a breach of covenants:

  • decline in customer demand
  • an interruption in production or supply
  • major trading partners are also experiencing financial difficulties and are seeking to restructure terms, and
  • uncertainty about continued government support.

If a breach of a covenant causes the debt to become repayable before the contractual maturity date, then the directors will need to consider the breach as part of a broader assessment to determine the company’s ability to continue in business. as long as continuity of exploitation.

Consequences of breach of covenants

When a debt covenant is breached, depending on the severity, the lender can do several things:

  • Apply a default interest rate
  • Review renegotiation terms
  • Request an increase in the amount of collateral held
  • Demand partial or full repayment of the loan
  • Seek to appoint administrators/receivers.

It is also interesting here to examine whether the banks have learned the lessons of the past? After the last major economic crash of 2008, banks (whose economic instability had caused the problems in the first place) compounded the problem by often charging waiver fees. Faced with reduced fees for arranging new facilities, they demanded payments from existing borrowers to allow facilities to continue, despite the borrower’s violation of existing covenants. However, this comes at a price and borrowers felt they were being blackmailed into paying this breach waiver fee. So far, it has not been widely reported that banks are seeking to enforce them. The government has also stepped in to prevent them from requesting excessive personal guarantees (PG) from directors to back CBIL support loans.

Management and evaluation actions of subjective contractual clauses

As noted above, some loan agreements may include covenants that are not based on financial ratios, making the determination of default more subjective. To assess whether a borrower should renegotiate with their bank to modify borrowing covenants (and in the worst case, whether term loans should be reclassified as current debt), management may need to proceed as follows.

  • review government legislation preventing banks from taking enforcement action in times of Covid
  • review covenants in loan agreements and assess whether a breach has occurred or is likely to occur
  • assess whether it is necessary/possible to obtain a waiver or grace period from the lender;
  • assess the company’s ability to maintain covenant compliance and determine if renegotiation of covenants with lenders is necessary
  • obtain professional advice from its lawyers and financial advisors.
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nCino and Accenture help Vancity transform its commercial lending operations https://dssoundlabs.com/ncino-and-accenture-help-vancity-transform-its-commercial-lending-operations/ Thu, 11 Mar 2021 08:11:54 +0000 https://dssoundlabs.com/ncino-and-accenture-help-vancity-transform-its-commercial-lending-operations/ TORONTO, Dec. 01 2020 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, and Accenture (NYSE: ACN) supported VanvilleCanada’s largest community credit union, in evolving its commercial lending business through the implementation of the nCino Bank Operating System®. With over $28.2 billion […]]]>

TORONTO, Dec. 01 2020 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, and Accenture (NYSE: ACN) supported VanvilleCanada’s largest community credit union, in evolving its commercial lending business through the implementation of the nCino Bank Operating System®.

With over $28.2 billion in assets and over half a million members, Vancity was looking for agile technology to grow their commercial lending business and replace a 15-year-old legacy system. The credit union chose the nCino Bank operating system, an end-to-end cloud platform that manages the entire loan lifecycle, including origination, loan review, renewals and changes, eliminating the need to combine various point solutions.

Working alongside the Vancity and nCino teams, Accenture helped implement the nCino platform on time and on budget, despite the project taking place amid the COVID-19 pandemic – which made nature based on the cloud platform especially important, as Vancity members and employees moved to a remote work environment.

In addition to benefiting Vancity’s commercial loan portfolio, the nCino platform helps the credit union align processes across lines of business, automate tasks, and streamline workflows. Because the nCino Bank operating system is flexible and configurable, Vancity can continue to customize processes as it sees fit to best meet its ever-changing needs.

“By adopting nCino for our commercial lending operations, we have embraced cloud-based technology with regular updates and releases that will evolve with us and help us stay competitive and agile,” said Nez Aquino, chief operating officer. risks at Vancity. “We see nCino as an incredible value addition to our organization, not only from a platform perspective, but also as partners along our digital transformation journey.”

“Digital transformation is a priority for commercial banks of all sizes, and in particular for credit unions, as they adapt to changing customer dynamics and face aging legacy systems and growing pressure. competition in a challenging environment,” said Robert Vokes, Accenture Financial Services. practice leader in Canada. “Vancity’s decision to scale its operations and streamline various activities with nCino’s cloud platform will help it deliver an enhanced and personalized experience that meets the changing expectations of members and employees. This is a great example of the scalability of nCino’s platform and the deep industry expertise and talents of our employees to bring it to life for our customers. »

“Vancity is a great Canadian brand and a true leader in the credit union space, and they should be very proud of how they’ve contributed to the development of the communities they serve,” said Cam Sterrett, vice -Regional President and General Manager – Canada at nCino. “With nCino, Vancity has put in place a foundational system that will give them the ability to grow their digital member interface and further fulfill their mission of improving the financial well-being of their members. We greatly appreciate the great work that our organizations, alongside Accenture, have been able to accomplish together thus far and look forward to expanding these relationships in the future.

About nCino
nCino (NASDAQ: NCNO) is the global leader in cloud banking. The nCino Bank Operating System® provides financial institutions with scalable technology to help them increase revenue, increase efficiency, reduce costs and comply with regulations. In a digital world, nCino’s unique digital platform enhances the employee and customer experience to enable financial institutions to more efficiently onboard new customers, issue loans, and manage the entire credit cycle. loan life, and open deposit and other accounts across lines of business and channels. . Transforming the way financial institutions work through innovation, reputation and speed, nCino works with over 1,200 financial institutions globally, with assets ranging from $30 million to over $2 trillion . For more information visit: www.ncino.com.

About Vancity
Vancity is a values-based financial cooperative serving the needs of its more than 543,000 member-owners and their communities, with offices and 60 branches located in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay, in the unceded territories. Coast Salish and Kwakwaka’wakw. With $28.2 billion in assets and assets under administration, Vancity is Canada’s largest community credit union. Vancity uses its assets to help improve the financial well-being of its members while helping to develop healthy communities that are socially, economically and environmentally sustainable.

About Accenture
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialist skills in more than 40 industries, we offer strategy and advisory, interactive, technology and operational services, all powered by the world’s largest network of advanced technology and intelligent operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at accenture.com.

MEDIA CONTACTS
Claire Sandstrom, nCino Natalia Moose, nCino
+1 646.520.0710 +1 910.248.4602
csandstrom@mww.com natalia.moose@ncino.com

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The “euro crisis” is no longer a real crisis https://dssoundlabs.com/the-euro-crisis-is-no-longer-a-real-crisis/ Thu, 11 Mar 2021 08:11:54 +0000 https://dssoundlabs.com/the-euro-crisis-is-no-longer-a-real-crisis/ Sometimes the most important news is what doesn’t happen, like in the famous story of Sherlock Holmes in which a key clue is the dog that doesn’t bark at night. In this vein, it is time to recognize that the “euro crisis” is over as a crisis, even if long-term problems remain. There have always […]]]>

Sometimes the most important news is what doesn’t happen, like in the famous story of Sherlock Holmes in which a key clue is the dog that doesn’t bark at night. In this vein, it is time to recognize that the “euro crisis” is over as a crisis, even if long-term problems remain. There have always been many different definitions of what the euro crisis was, which explains the extent of disagreement about its causes, consequences and solutions. However, the basic concept has generally been a serious risk of one or more nations ceasing to use the euro as their currency or a series of national debt defaults that go beyond Greece. There no longer appears to be a serious risk for either event, although they cannot be completely ruled out.

Presenting the situation as a “euro crisis” of dramatic proportions has shaped attitudes towards this continent for half a decade, but is no longer appropriate. Clinging to this now outdated mental construct will lead observers to overly pessimistic conclusions. Europe has strengths and weaknesses, but it is now very unlikely to collapse, which was not a far-fetched concern a few years ago.

If I’m right, there are likely to be plenty of good investment opportunities in Europe, with undervaluations reflecting entrenched expectations of European disaster in the minds of many investors who aren’t yet ready to flip on the continent. To be clear, I am not saying that Europe does not have serious problems. The refugee crisis and its political consequences add to the underlying challenges of an aging population, weak productivity growth, the persistence of high levels of public debt, the legacies of the global financial crisis, the great recession and the euro crisis, and other issues that could be added to the list. But, every region of the world has problems. With the exception of the refugee crisis, none of the problems I have just listed is a crisis, as opposed to the medium and long-term challenges to which fiscal, monetary and structural policies must respond; they don’t need emergency weekend meetings of finance ministers and central bankers. Even the refugee crisis, for all its horrors, is relatively small compared to the resources of a vast and rich continent.

Nor am I saying that Europe, and the euro zone in particular, have solved all their structural problems of governance. Much remains to be done to address the disconnect between the levels of economic and political integration within the euro area. It is difficult to effectively manage a single currency when member states remain so different and national governments make so many decisions within their borders. However, the Eurozone has managed to the point where it is very likely that it will be able to continue to manage the difficulties inherent in this hybrid structure of zone-wide and national decision-making without seriously damaging mishaps.

Another caveat is that there is still room for domestic crises, particularly political and economic crises in Greece, and the lingering risk that Britain will withdraw from the European Union altogether. (It still seems unlikely, but certainly can’t be ruled out.) Greece could still exit the Eurozone or default on its debt again, although I certainly don’t expect that. If so, however, Europe is now strong enough to contain these problems within Greece without a serious threat to the rest of the region and there is no serious likelihood of another nation pulling out. euro or default on its national debt anytime soon.

Overall, each region has its problems and those of Europe seem no worse than those of other continents. In fact, most developing countries would trade their problems for these rich-world woes in the blink of an eye if they could.

Editor’s Note: This post originally appeared on Real clear markets.

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The 5 Best Fitness Business Coaches https://dssoundlabs.com/the-5-best-fitness-business-coaches/ Thu, 11 Mar 2021 08:11:54 +0000 https://dssoundlabs.com/the-5-best-fitness-business-coaches/ NEW YORK, NY/ACCESSWIRE/July 30, 2020/ The world of fitness coaching has seen a drastic change over the past few years, with fitness coaches and trainers no longer wanting to work 12 hour days to make 6 figures a year. There are a number of trainers who have made the transition to online coaching, where they […]]]>

NEW YORK, NY/ACCESSWIRE/July 30, 2020/ The world of fitness coaching has seen a drastic change over the past few years, with fitness coaches and trainers no longer wanting to work 12 hour days to make 6 figures a year. There are a number of trainers who have made the transition to online coaching, where they can help many more people, in less time. Becoming a successful online coach, however, is another story. There are a few leading experts who have mastered the art of online fitness coaching and are now teaching others how they can do the same. Here we feature the top 5 corporate fitness coaches leading the way:

  1. Vince Del Monte

@vincedelmonte

Growing up with parents who were full-time ministers in the church, Vince Del Monte was instilled from an early age a rock-solid foundation, which served him in all aspects of his life, including business. A former WBFF Fitness Pro and Model, Vince has built a business empire that has generated him over 7 figures a year over the past decade where he has impacted countless lives and been able to live his life his way. , while also being the supplier. for his wife and 3 children. With over a decade of experience running successful fitness businesses, Vince saw an opportunity to serve others by teaching them exactly how to build their own successful and highly profitable fitness businesses. Vince founded The 7-Figure Mastermind and 6-Figure Coach programs. The 7-Figure Brain is for entrepreneurs who are already earning 6-figures, helping them reach the million dollar level, and the 6-Figure Coach is for beginner fitness entrepreneurs, showing them how to reach their first month of 5,000. $, as little as 24 hours. Vince’s programs are very in-depth, and he breaks them down into four unique marketing plans, to help his clients get more high-quality leads and convert them into paying customers. Vince has had a huge impact in the fitness business community, and he’s living proof that faith and work ethic can build an empire, without having to sacrifice family time and the important things in life. has to offer.

2.Sean Garner

@SeanGarner

When preparing to become a firefighter, Sean Garner developed an interest in fitness that turned into a passion for helping others. Unique in the industry, Sean has experience in multiple areas of fitness. Sean has owned 3 gyms, built a 6-figure personal training business, and managed a multi-million training center in Miami. Having also been named one of the best trainers in the world by Men’s Health magazine, Sean was constantly looking to expand his reach, which led him to create fitness DVDs and many other digital products. After seeing the possibilities for fitness professionals in the online space, Sean founded BetweenFit, where he guides fitpro and gym owners to start and grow online businesses. EntreFit is a full-service agency and coaching program, helping clients with all aspects of an online fitness business, including offer or product creation, website design, marketing, business development and more. As a highly trained fitness professional, Sean upholds his reputation by choosing to work only with fitness professionals, rather than “fitness influencers”, who have plagued the online fitness space for far too long. Sean has built a large and loyal following along his journey and has been able to impact countless lives, creating a legacy that will last long into the future as he shapes the online fitness industry to the best.

3. Brian Marc

@bmarkfit

Having started her online fitness coaching journey in 2013, Brian Mark is now known as “Online Trainer Trainer”. Starting from scratch, Brian was able to grow his training business to 10,000/month, which he quickly grew to $50,000/month, after hiring 10 other trainers. In 2018, he closed his fitness business and started mentoring personal trainers to help them reach 10,000 a month, which he’s now helped nearly 60 trainers do on a regular basis – without a dime on paid advertising. . Having had a difficult past himself, Brian is driven by the impact he is able to create for others. Now with over 400 students running profitable online coaching businesses, Brian’s results are a testament to his passion for helping others. Brian is also the host of ‘Changing Lives, Making Money’ online trainer podcast, which is one of the fastest growing podcasts on the internet today. Those in Brian’s community are thrilled with the quality of service they receive. Her enthusiasm and direct attitude help her clients learn easily and efficiently, and with a positive attitude. Offering his services at the best price on the market, combined with the incredible results he has provided to countless people, Brian Mark is definitely one of the most qualified in the world to make your online fitness business thrive.

4. Tim Lyons Jr.

@timlyonsjr

Having owned and operated his own profitable training studio for over a decade, Tim Lyons Jr. has now created and grown several successful 7-figure businesses, working with gym owners around the world. In the past 12 months alone, Tim has personally contributed over $5,000,000 in new training revenue for other gyms and helped countless gym owners grow from slaves in their business to true owners. of business. The goal of Tim’s coaching is to help gym owners step out of the “independent role”, to create systems and structures in their business like real business owners do, freeing up their time. “A gym that runs on systems and requires little or no time on my part is the way a gym should be operated,” Tim explained. Tim and his team provide a 8 week coaching program, designed to help fitness business owners lay the foundation for their systems – using the same systems that have been proven time and time again. Tim is also the author of Amazon’s bestselling “Built to Grow” and co-host of the “Built To Grow” podcast with a staggering 140 episodes and growing. Having already impacted hundreds of lives through his teachings, Tim’s true passion is helping gym owners win, which he does an amazing job of through his content and coaching.

5. Andrew McIlwean

@andrew_mcilwean

like a kid, Andrew Mcllwean was bullied because she was skinny. It wasn’t until he realized that all his insecurities could only end if he started working on himself. Andrew started training and made a lifelong commitment to fitness, to build his confidence and be the best version of himself. As he progressed through his fitness journey, he achieved an incredible transformation for himself, which made him feel amazing and like a completely new man, after all these years of being around. insecure. This sparked the interest that inspired him to do the same for others. Starting with personal training, Andrew then moved on to group coaching – which eventually led him to found his online fitness and wellness coaching company, Perseverance Coaching. Unlike other fitness coaching companies, Andrew and his team focus on self-transformation, rather than just training and dieting. Fitness and wellness became his life’s passion, as it was the tool that transformed Andrew into who he is now. Andrew is a firm believer that being fit is not just about being fit, but about changing how you look at yourself and becoming the best version you can be.

Be sure to follow each of these amazing fitness coaches as they continue to help their clients achieve life change and business success. Each of their Instagrams has been directly linked here. Finally, we would like to thank Boost Media Agency for taking the time to write this article.

Contact: Lewis Schenk
Company: Boost Media Agency
Address: New York, New York
Call: 3106001787
E-mail: operations@boostmediaofficial.page
Website: www.boostmediaofficial.page

THE SOURCE: Boost Media Agency

See the source version on accesswire.com:
https://www.accesswire.com/599617/The-Top-5-Fitness-Business-Coaches

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Ghana, Kenya and Nigeria to tap markets in 2021 as border debt comes alive https://dssoundlabs.com/ghana-kenya-and-nigeria-to-tap-markets-in-2021-as-border-debt-comes-alive/ Thu, 11 Mar 2021 08:11:54 +0000 https://dssoundlabs.com/ghana-kenya-and-nigeria-to-tap-markets-in-2021-as-border-debt-comes-alive/ LONDON, Dec 22 (Reuters) – Sub-Saharan African governments will return to international capital markets in 2021 with Ghana, Kenya and Nigeria issuing bonds as investors again need to take on more risk, the official said. ‘Institute of International Finance. Bond issuance in emerging markets has revived after the fallout from the coronavirus pandemic shook global […]]]>

LONDON, Dec 22 (Reuters) – Sub-Saharan African governments will return to international capital markets in 2021 with Ghana, Kenya and Nigeria issuing bonds as investors again need to take on more risk, the official said. ‘Institute of International Finance.

Bond issuance in emerging markets has revived after the fallout from the coronavirus pandemic shook global markets in the spring and saw bond sales from many developing countries come to a halt.

Still, frontier markets — smaller and often riskier emerging markets — still have some catching up to do, the IIF said in a note to clients.

Frontier market high-yield sovereign issuers increasingly accessed international capital markets, accounting for nearly 30% of issuance in the second half of the year, the IIF said in the note.

“However, spreads for (high yield) issuers – especially from Africa – remain high,” he said.

The premium demanded by investors on the JPMorgan EMBI Global Index for African issuers fell below 600 basis points in late November as benchmark US Treasury yields plunged well below pre-crisis levels , noted the IIR.

In November, Ivory Coast became the first sovereign in sub-Saharan Africa to issue a Eurobond in the era of the pandemic.

Kenya and Nigeria had also seen their spreads narrow to near pre-pandemic levels, although others found the premium still 10% above those levels.

The association expects more high-yield issues in frontier markets “to seek access to global capital markets to lock in borrowing costs, as their domestic markets may struggle to absorb additional issues. “.

But with some frontier markets like Zambia now trying to renegotiate debt with their creditors, investors will focus a lot on debt dynamics, the IIF said.

Reporting by Karin Strohecker; Editing by Lisa Shumaker

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