Users may need to submit bank statements to verify proof of income, spending habits, debts, and so on while applying for a loan or mortgage. Some financial institutions even use bank statements to verify customer identities and if the account is being used for financial fraud.
Source URL: https://www.articleted.com/article/429374/114969/Bank-Statements--Importance--Requirements--and-Benefits
Identity fraud is a rapidly growing form of online lending fraud.
Lenders have lost over $6 billion by synthetic identity fraud in 2016.
As data breaches have been growing, synthetic identity fraud is becoming harder to detect by financial institutions.Source URL: https://www.bloglog.in/identity-fraud-what-online-lenders-should-know-about-it/
Quicken allows you to sync your accounting software with different financial institutions so that you can have access to all your transactions in one place.
The Pennsylvania State Employees Credit Union, or PSECU as it is commonly known, is a credit union that is controlled by its members and offers a range of financial services.
If you have a PSECU account, you can connect your online services to Quicken so that it becomes easier to manage your finances.
This blog will help troubleshoot the PSECU Error CC-501/193 so that you can update your transactions and continue using Quicken.
If you find that the occurs frequently, you can call the quicken tech support and ask for assistance.Steps to fix PSECU Error CC-501/193 in Quicken PSECU returns error CC 501/193 because there is too much traffic on the Pennsylvania State Employees Credit Union website.
You can follow the steps given below to refresh your online account information and fix Quicken PSECU Error CC-501/193:Step 1: Run Quicken on your computer and open the transaction register.Step 2: Search for the PSECU account with the error messageStep 3: Press the actions gear icon located in the upper right of the register.Step 4: Click ‘Update Now’ and then follow the on-screen instructions.Step 5: You must remember to follow the same process for each account with this errorBefore you update your PSECU you must remember to back up the Quicken data file.
OVO - Company financial technology or fintech payment OVO product launches financing Micro, Small, and Medium enterprises or SMES named DanaTara.
Based on BPS data, the contribution of SMES in GDP has already reached 60% and absorb 97,22% of the workforce nationally.
However, the penetration of financing in SMES is still low.
The low penetration of financing influenced by the limited access to financial services and financial literacy are not evenly distributed.
(Read: Grab Will Browse the Insurance Market to Finance in Indonesia in 2020)
DanaTara already available for the activists of the SMES that are incorporated in the e-commerce platform such as Tokopedia, Lazada, Shopee and BukaLapak.
