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UNDER THE RADAR HOME IMPROVEMENT IDEAS

The largest and most valuable asset that most people will ever own is their home. Further, your home is a place where you will live and spend a lot of your time. Due to this, finding ways to improve it to both enjoy the property more and maximize value is very important. When you are looking to improve your home, there are many different home improvements that you can do. There are several under the radar home improvement ideas that you should consider that can make your home more enjoyable and improve its value.

 

New Flooring

One home improvement option that you should consider that can be a great addition to any home is new flooring. While flooring may not be the first thing that you think about improving, nice hardwood or tile floors can go a long way to improve the overall appearance of your property. The flooring can be chosen based on your personal style preferences and can help to bring any room of your home together. New floors can also help to keep your home at a desired temperature, which can reduce your utility bills as well.

 

Paint Walls and Trim

One of the most effective home improvements that you can make in your home is to paint the walls of a few select rooms as well as the trim. If you have a room that has an older paint color, no paint color at all or simply needs to be cleaned up, painting or repainting a room could go a long way. Adding a fresh coat of paint can change the entire appearance of a room and make it a more relaxing place to relax at the end of the day.

 

Improve Outdoor Living Space

You can also improve your home by upgrading your outdoor living space. Having a nice outdoor living space to relax and entertain is becoming more and more important as time goes by. For those that would like to have a nice space, there are often many affordable ways that you can improve it. By investing in some unique lighting, cleaning up the landscaping and making other changes, you can improve your space and enjoy it a lot more.

 

Make a More Functional Laundry Room

A functional and comfortable laundry room is something that a lot of people do not take into consideration. However, when you have one, it will give you a more relaxing place to clean and fold clothing. There are some simple ways that you can make your laundry room a better place to spend time. These minor improvements can include cleaning it up and removing clutter, adding some more organizations tools and ensuring that you have plenty of soft lighting.

 

Minor Bathroom Upgrades

Bathrooms are often one of the largest selling points for any home. Unfortunately, many people will find that the cost of completing a major upgrade and improvement to a bathroom can be extremely expensive. Fortunately, there are a variety of ways that you can makeover your bathroom without spending thousands of dollars. Some minor upgrades that you can complete on your own can include painting the walls, painting or refinishing the cabinets or adding some accent pieces and lights. New mirrors, faucets and hardware can also add some style and a modern touch to the room.

 

Clean and Improve

Ultimately, a great way that anyone can improve their home is by cleaning and improving it. Going through your home and clearing out cluttered items and fully cleaning your home can make it seem larger and brighter. You could also take some unused items and attempt to sell them to raise the funds you need to complete other projects. Finishing unfinished projects can also give your home a more finished look.

Overall, improving your home is a great investment as it can improve your property value and give you a more enjoyable and comfortable place to live. When you are going to improve your home, it is important to think about all of your options. These improvements are often considered under the radar, but could prove to be a great investment for you and be well worth the efforts.

 

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GALA TECHNOLOGY SELECTS NUAPAY TO ENABLE OPEN BANKING PAYMENTS

Nuapay, powered by Sentenial, today announces it has been chosen by Gala Technology, a payment security solution specialist, to provide Open Banking payments to its partner network and direct merchants across multiple sectors including retail, hospitality, and financial services.

Gala Technology’s multi-award winning SOTpay ‘Pay-by-link’ solution simplifies PCI DSS requirements and protects merchants against the ever-growing risk of fraud by ensuring that the transactions are authenticated, shifting liability and often lowering acquiring processing costs. SOTpay’s integration with Nuapay’s Open Banking platform now enables them to process non-card payments.

Nuapay’s FCA-licenced Open Banking payments service enables Gala Technology’s partners and merchants to accept payments via any sales channel of choice, including telephone, web chat, SMS and social media. It can do this without requesting sensitive card data, which ensures SCA compliance and eliminates fraudulent chargebacks.

“The capabilities of Open Banking have become more apparent in 2020 as merchants have been forced to explore alternative contactless, mobile and ecom-friendly payment methods that can be accessed quickly and are lower in processing costs, due to a need to respond to change brought by Covid-19.” shares Nick Raper, Head of UK at Nuapay. “We’re thrilled to be working with Gala Technology, as we  have a shared drive to eradicate payment fraud. This partnership will help to increase widespread adoption of live bank transfer payments as SOTPay gives us an exceptional opportunity to demonstrate Open Banking payments’ usability and benefits to new audiences.”

Nuapay is one of the only PISPs which offers a fully inclusive open banking payment initiation, webhook notification and payment account solution; which quickens checkouts, speed-up access to cash flow, reduces processing costs, and enables full reconciliation and batch settlements of transactions. Gala Technology’s customers now have access to new payment innovation and will be able to perform refunds or make instant payouts.

 

Steven Jones, Commercial Director at Gala Technology, said: “We chose to work with Nuapay as their complete Account-2-Account payments capabilities and high customer service levels are unparalleled. Looking forward, Nuapay’s presence within the UK and Europe will greatly help us reach new clients and will extend our service offerings to existing clients too. Nuapay’s Open Banking payments solutions help us to provide a better service; in turn, the time, money and resources our customers save will enable them to focus on growing their businesses in a more profitable way.”

Nuapay’s PISP processor has a single connection to all major banks in the UK and a growing number of connections across Europe, ensuring that Gala Technology’s clients’ payments will be supported, no matter where their customers bank.

 

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THE EMBEDDED BENEFITS IN ESEF DIGITAL FINANCIAL REPORTING

The inclusion of a simple link delivers serious gains in transparency, trust and real time verifiability for the whole financial ecosystem. It’s another digital feather in the LEI’s hat, explains Stephan Wolf, CEO, Global LEI Foundation.

 

In a battle for significance, no other public facing business document can match the annual financial report. It is the document that a public corporation must, by law, publish to describe its operations and financial condition, and to chronicle its activities over the past twelve months. Shareholders, investors and the wider financial ecosystem make innumerable strategic and operational decisions based on its contents.

In today’s digital age, then, it is little surprise that the European Securities and Markets Authority (ESMA) has mandated that annual financial reports published from the start of 2020 follow a consistent digital configuration, known as the European Single Electronic Format (ESEF) and, in them, embed their Legal Entity Identifier (LEI).

Stephan Wolf

On first glance, the ESEF format appears to be designed to drive financial report production into a convenient paperless form factor. While this is both true and highly commendable, an ocean of additional potential is revealed by ESMA’s insistence that corporations embed their LEI. This mandate will heighten transparency, enhance trust, and provide instant and non-repudiable verification that the organisation filing the report is, indeed, who they claim to be. These far-reaching benefits are all enabled by the report linking to the filing entity’s verified LEI reference data held within the Global LEI Index.

The simple process of embedding an organization’s LEI  – or, indeed, that of its affiliates, subsidiaries and parent companies – within an ESEF financial report means that regulators, investors, traders and other financial stakeholders, can consolidate and verify information on the filing entity faster and more conveniently than ever before.

LEI reference data includes business card information on an entity, including name and registered address, together with relationship data which confirms if the entity owns, or is owned by, other entities. This increased transparency relative to an entity’s ownership structure means that relationship networks between LEIs can be quickly and automatically established, since the LEIs of the filing entity, its affiliates, subsidiaries and parent companies are all provided in the new machine-readable ESEF format. Usefully, because the reference data is reverified annually by GLEIF accredited LEI issuers, it is always accurate and up-to-date. The net result is a substantially more useful document for end users, which is also verifiably trustworthy, authentic and integral.

ESMA has published the Global LEI Foundation’s 2019 annual report on its website to provide a best practice example of a report published in the ESEF format, which other preparers can reference. The report is published in human and machine-readable Inline XBRL and HTML formats, with LEIs embedded within both the annual report and the digital certificates of the report’s signing executive officers. The combination of these two features provides something completely unprecedented: instantly available, digitally verifiable credentials that confirm both the authenticity of document and the key individuals responsible for its content.1

Beyond the single report, the LEI embedding process creates broader opportunities for the financial ecosystem. Aggregating information on companies from multiple sources is dramatically simplified, making the job of comparing standardized financial information both faster and easier. This can be accomplished either manually, by ‘clicking through’ to view the LEI reference data, or via an automated process, saving yet more time and eliminating the risk of human error. In time, this level of facility will lead to the automated creation of online databases that use the linked LEIs to collate key data assets, to the benefit of, frankly, any person or organization that has interest, globally.

The mandatory embedding of LEIs in financial reports is just one demonstration of this technology’s transformative potential. In broader terms, not only is the LEI shoring up the digital financial ecosystem, it is helping to stabilize the evolution of the world’s digital economy. It is no exaggeration to say that the LEI, together with the Global LEI System, solves the problem of trust for legal entities worldwide. It is the only open, commercially neutral, standardized and regulatory endorsed system capable of establishing digitized trust between all legal entitles, everywhere. It was conceived and designed as a public good, and can be deployed without charge in a wide – and growing – variety of digital use-cases. Put simply, the more it is utilized, the more good it will do.

 

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