Have the chance to differentiate the old with the new and make appropriate changes best for the company. Don't strain away from progress, be the progress.
Cloud Computing for Banking
What does the future of cloud computing for banking look like—both in the near and long terms? Accenture sees cloud computing as an important step in the continuing industrialization of IT and thus capable of ultimately playing a key role in enabling high performance.
2016 Cyber Security Breaches Survey for the UKGary Chambers
PIB Insurance Brokers is proud to present our report summarising the 2016 Cyber Security Breaches Survey for the United Kingdom, commissioned by the Department for Culture, Media & Sport as part of the National Cyber Security Programme.
This document discusses how cloud computing can help transform the banking industry. It notes that customers now have more control and are driving new business models. Banks face challenges like increased competition and changing regulations. Cloud computing offers benefits like improved customer experiences, collaboration, speed to market, and IT efficiency. The document discusses how cloud models like private, public and hybrid clouds can help banks reduce costs, increase flexibility, improve analytics and more to adapt to changes in banking. Overall it argues that cloud computing is a paradigm shift that can help banks transform their business and operating models.
Protect the data - Cyber security - Breaches - Brand/ReputationPa Al
Protecting data is essential and requires full executive support and comprehensive policies. Big data and cloud data must be secured through strong access controls, encryption, firewalls, and anti-malware detection. A layered security approach is needed including physical security, forensics capabilities, and innovation to stay ahead of evolving threats. Cutting costs on data protection risks losing customers, reputation and intellectual property.
90% of data that exist today was created in the past 2 years. This massive amount of data allows organizations to take a
more qualitative approach to business and customer
service, but also makes them vulnerable to a continually
increasing number of threats.
Fannie mae bmc remedy its mv7 interface diagram_v6_021009Accenture
This diagram describes the integrations between BMC Remedy IT Service Management (ITSM) v7 and various external systems used to support Fannie Mae's ITSM environment. It shows the integrations for incident management, problem management, asset management, change management, and user authentication. The diagram provides details on the specific interfaces and integration methods used but does not include configuration or deployment information.
Cloud banking allows banks to provide services to customers through cloud computing. It reduces costs for banks by eliminating the need to purchase and maintain expensive on-premise software and hardware. However, security concerns remain a challenge as banks are hesitant to move customer data to the cloud. A proposed solution involves hosting bank applications through a large company like Google. This would standardize updates, integration, and access across banks while keeping customer data on-premise. Widespread adoption of cloud banking could generate significant cost savings for banks and new revenue streams for cloud hosting providers.
Cloud Computing for Banking
What does the future of cloud computing for banking look like—both in the near and long terms? Accenture sees cloud computing as an important step in the continuing industrialization of IT and thus capable of ultimately playing a key role in enabling high performance.
2016 Cyber Security Breaches Survey for the UKGary Chambers
PIB Insurance Brokers is proud to present our report summarising the 2016 Cyber Security Breaches Survey for the United Kingdom, commissioned by the Department for Culture, Media & Sport as part of the National Cyber Security Programme.
This document discusses how cloud computing can help transform the banking industry. It notes that customers now have more control and are driving new business models. Banks face challenges like increased competition and changing regulations. Cloud computing offers benefits like improved customer experiences, collaboration, speed to market, and IT efficiency. The document discusses how cloud models like private, public and hybrid clouds can help banks reduce costs, increase flexibility, improve analytics and more to adapt to changes in banking. Overall it argues that cloud computing is a paradigm shift that can help banks transform their business and operating models.
Protect the data - Cyber security - Breaches - Brand/ReputationPa Al
Protecting data is essential and requires full executive support and comprehensive policies. Big data and cloud data must be secured through strong access controls, encryption, firewalls, and anti-malware detection. A layered security approach is needed including physical security, forensics capabilities, and innovation to stay ahead of evolving threats. Cutting costs on data protection risks losing customers, reputation and intellectual property.
90% of data that exist today was created in the past 2 years. This massive amount of data allows organizations to take a
more qualitative approach to business and customer
service, but also makes them vulnerable to a continually
increasing number of threats.
Fannie mae bmc remedy its mv7 interface diagram_v6_021009Accenture
This diagram describes the integrations between BMC Remedy IT Service Management (ITSM) v7 and various external systems used to support Fannie Mae's ITSM environment. It shows the integrations for incident management, problem management, asset management, change management, and user authentication. The diagram provides details on the specific interfaces and integration methods used but does not include configuration or deployment information.
Cloud banking allows banks to provide services to customers through cloud computing. It reduces costs for banks by eliminating the need to purchase and maintain expensive on-premise software and hardware. However, security concerns remain a challenge as banks are hesitant to move customer data to the cloud. A proposed solution involves hosting bank applications through a large company like Google. This would standardize updates, integration, and access across banks while keeping customer data on-premise. Widespread adoption of cloud banking could generate significant cost savings for banks and new revenue streams for cloud hosting providers.
The document discusses best practices for data security compliance projects, including defining project objectives, implementation planning, and case studies. It covers regulations like PCI DSS, ISO 27001, SOX, and HIPAA, and how data loss prevention technology can help meet their requirements by providing visibility into data flows and supporting risk analysis. Project planning should involve defining problems, setting hypotheses about data loss and solutions, and measuring relevant security metrics.
The document is a template for Nicholas Gnan to complete his annual report project for the selected company Fannie Mae. It provides instructions and questions for Gnan to answer about Fannie Mae's annual report, 10-K filing, leadership, strategy, financial performance, and other details. The template collects key information to analyze Fannie Mae's business and assess its financial condition and outlook.
Green banking aims to consider social and environmental factors similarly to traditional banks. Green banks protect the environment while operating under the same regulatory authorities as traditional banks. Green banking promotes environmentally friendly practices that reduce carbon footprints from banking activities. It encourages the use of green checking accounts, loans for home improvements of power saving equipment, credit cards, and mobile banking to save paper. Green banking also supports using solar and wind energy.
This document discusses replacing traditional ATMs that use magnetic cards and PINs with an ATM that uses iris recognition for identity verification. It notes that current ATMs create environmental waste from paper cards and envelopes and have security issues from stolen cards and PIN cracking. An iris recognition-based ATM would scan the user's iris and match it to a stored iris code, verifying the user only if a match is found. The iris pattern is highly unique and iris recognition has a very low misidentification rate compared to other biometric methods. An iris-scanning ATM would provide more secure identity verification and transactions without generating paper waste.
Spring IO 2016 - Spring Cloud Microservices, a journey inside a financial entityToni Jara
The presentation explains the journey from a monolithic architecture to Spring Cloud Microservices for application development inside a financial entity, along with the transition to DevOps strategies… a journey that has just begun…
Cloud Technology Partners’ (a premier consulting partner and part of APN) practice leader Robert Christiansen provides an overview of why Financial Services organizations are looking to migrate to the cloud and the kinds of benefits current adopters are realizing. In this presentation, he outlines best practices, which include alignment workshops, decision-making processes, cloud business office, inclusive business case, dependency discovery, solutions iterations, security assessments, continuous governance, automation and validation, and preparation for migration at scale.
Automating Compliance Defense in the Cloud - Toronto FSI Symposium - October ...Amazon Web Services
Jodi Scrofani
Global Financial Services Compliance Strategist for AWS takes us on a journey of Security and Compliance mechanisms, that are mandatory in the Financial Services Industry, and explains how they are addressed by customers today on the AWS Cloud. She explains the AWS Shared Security Model, gives a detailed overview of audit and certifications achieved by AWS, and shows best practices and steps that FSI customers should take to ensure compliance and security.
This document discusses cloud security and provides an overview of McAfee's cloud security solutions. It summarizes McAfee's cloud security program, strengths, weaknesses, opportunities, threats, and competitors in the cloud security market. It also discusses Netflix's migration to the cloud for its infrastructure and content delivery and outlines Netflix's cloud security strategy.
According to the Environment Agency, over 5 million people in the UK live or work in flood risk area.
The risk of flooding can reduce the value of your business premises and can make the arrangement of insurance cover trickier or more expensive. The impact of flood risk on the potential value of your property can be reduced by improving the flood resistance and flood resilience of the property and its contents.
In this SlideShare we’ll look at how to assess the risk of flooding to your business.
IJRET : International Journal of Research in Engineering and Technology is an international peer reviewed, online journal published by eSAT Publishing House for the enhancement of research in various disciplines of Engineering and Technology. The aim and scope of the journal is to provide an academic medium and an important reference for the advancement and dissemination of research results that support high-level learning, teaching and research in the fields of Engineering and Technology. We bring together Scientists, Academician, Field Engineers, Scholars and Students of related fields of Engineering and Technology
Cloud computing security issues and challengesDheeraj Negi
This document discusses security issues and challenges in cloud computing. It outlines the three main cloud deployment models (private, public, hybrid cloud) and three service delivery models (IaaS, PaaS, SaaS). Key challenges discussed include costing and charging models, service level agreements, interoperability issues, and security concerns such as data loss and unauthorized access. While cloud computing provides benefits, the document cautions that security risks must be carefully understood and addressed for its safe adoption.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
The document discusses best practices for data security compliance projects, including defining project objectives, implementation planning, and case studies. It covers regulations like PCI DSS, ISO 27001, SOX, and HIPAA, and how data loss prevention technology can help meet their requirements by providing visibility into data flows and supporting risk analysis. Project planning should involve defining problems, setting hypotheses about data loss and solutions, and measuring relevant security metrics.
The document is a template for Nicholas Gnan to complete his annual report project for the selected company Fannie Mae. It provides instructions and questions for Gnan to answer about Fannie Mae's annual report, 10-K filing, leadership, strategy, financial performance, and other details. The template collects key information to analyze Fannie Mae's business and assess its financial condition and outlook.
Green banking aims to consider social and environmental factors similarly to traditional banks. Green banks protect the environment while operating under the same regulatory authorities as traditional banks. Green banking promotes environmentally friendly practices that reduce carbon footprints from banking activities. It encourages the use of green checking accounts, loans for home improvements of power saving equipment, credit cards, and mobile banking to save paper. Green banking also supports using solar and wind energy.
This document discusses replacing traditional ATMs that use magnetic cards and PINs with an ATM that uses iris recognition for identity verification. It notes that current ATMs create environmental waste from paper cards and envelopes and have security issues from stolen cards and PIN cracking. An iris recognition-based ATM would scan the user's iris and match it to a stored iris code, verifying the user only if a match is found. The iris pattern is highly unique and iris recognition has a very low misidentification rate compared to other biometric methods. An iris-scanning ATM would provide more secure identity verification and transactions without generating paper waste.
Spring IO 2016 - Spring Cloud Microservices, a journey inside a financial entityToni Jara
The presentation explains the journey from a monolithic architecture to Spring Cloud Microservices for application development inside a financial entity, along with the transition to DevOps strategies… a journey that has just begun…
Cloud Technology Partners’ (a premier consulting partner and part of APN) practice leader Robert Christiansen provides an overview of why Financial Services organizations are looking to migrate to the cloud and the kinds of benefits current adopters are realizing. In this presentation, he outlines best practices, which include alignment workshops, decision-making processes, cloud business office, inclusive business case, dependency discovery, solutions iterations, security assessments, continuous governance, automation and validation, and preparation for migration at scale.
Automating Compliance Defense in the Cloud - Toronto FSI Symposium - October ...Amazon Web Services
Jodi Scrofani
Global Financial Services Compliance Strategist for AWS takes us on a journey of Security and Compliance mechanisms, that are mandatory in the Financial Services Industry, and explains how they are addressed by customers today on the AWS Cloud. She explains the AWS Shared Security Model, gives a detailed overview of audit and certifications achieved by AWS, and shows best practices and steps that FSI customers should take to ensure compliance and security.
This document discusses cloud security and provides an overview of McAfee's cloud security solutions. It summarizes McAfee's cloud security program, strengths, weaknesses, opportunities, threats, and competitors in the cloud security market. It also discusses Netflix's migration to the cloud for its infrastructure and content delivery and outlines Netflix's cloud security strategy.
According to the Environment Agency, over 5 million people in the UK live or work in flood risk area.
The risk of flooding can reduce the value of your business premises and can make the arrangement of insurance cover trickier or more expensive. The impact of flood risk on the potential value of your property can be reduced by improving the flood resistance and flood resilience of the property and its contents.
In this SlideShare we’ll look at how to assess the risk of flooding to your business.
IJRET : International Journal of Research in Engineering and Technology is an international peer reviewed, online journal published by eSAT Publishing House for the enhancement of research in various disciplines of Engineering and Technology. The aim and scope of the journal is to provide an academic medium and an important reference for the advancement and dissemination of research results that support high-level learning, teaching and research in the fields of Engineering and Technology. We bring together Scientists, Academician, Field Engineers, Scholars and Students of related fields of Engineering and Technology
Cloud computing security issues and challengesDheeraj Negi
This document discusses security issues and challenges in cloud computing. It outlines the three main cloud deployment models (private, public, hybrid cloud) and three service delivery models (IaaS, PaaS, SaaS). Key challenges discussed include costing and charging models, service level agreements, interoperability issues, and security concerns such as data loss and unauthorized access. While cloud computing provides benefits, the document cautions that security risks must be carefully understood and addressed for its safe adoption.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
8. From the listed of limitations of traditional
accounting software moving should not still
be debatable.
9. Cloud computing is an approach for any generation wherein:
Faster access to information is possible.
10. Accessible anywhere as long as the security is in
place.
Cloud computing is an approach for any generation wherein:
11. Cloud computing is an approach for any generation wherein:
No more bulky storages consuming space in the
office.
12. Multi-user access makes collaboration easier.
Cloud computing is an approach for any generation wherein:
13. Inline with this, security is tight no need to
worry about attacks or hacks.
Rest assured your transaction is kept safe and
free from the eyes of malicious attackers.
14. would indulge you to go online:
Model
If you're still not interested, perhaps this
15. As defined by Infinit Accounting, HYBRID CLOUD means
Hybrid cloud solution
PUBLIC CLOUD PROVIDER
+
PRIVATE CLOUD PLATFORM
= a system made for a single
organization alone.
A match made in the cloud.
16. Non-sensitive work is delegated to
the public cloud.
Through this:
While Sensitive data are kept in
private.