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FINANCE DERIVATIVE NAMES THE WORLD’S BEST FINANCIAL INSTITUTIONS AND BANKS ‘20 IN NETHERLANDS ON DECEMBER 31, ‘20

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On December 31st, Finance Derivative announced the Awards ’20 in Netherlands. The overall winners for Health Insurance Banks, Internet, Retail, SME, Innovative Banks and Forex Broker and Asset Management Company were announced. Also announced were the overall Global sub-category winners. The grand prizes of World’s Worthy Winners came across this year  ’20.

 

A full report will appear in the December  ’20 covering winners list in individual countries and regional sub-categories. Finance Derivative’s Awards are based on submissions from banks that wish to be considered. This year, nearly 300 individual banks from around the world entered the competition. The Awards judging panel was comprised of representatives from global leader in consulting, technology and outsourcing solutions. Based on the judge’s evaluations, Finance Derivative’s editors made the final selections.

 

Winners were selected based on strength of strategy for attracting and servicing online customers, success in getting clients to use digital offerings, growth of online customer base, breadth of products offered, evidence of tangible benefits gained from digital initiatives, and website design and functionality. Subcategory winners were selected on the basis of relative strength, products and services.

 

The list of winners announced in Netherlands follows in page 1 of 2.

For editorial information please email: info@financederivative.com

 

 

Winners Award Title
Aafiya TPA Services Best Third Party Administrator – Healthcare UAE 2020
Ahli United Bank B.S.C., Best Retail Bank Bahrain 2020
Alkhabeer Capital Best Private Equity Firm Saudi Arabia 2020
Arca Fondi Best Digital Wealth Management Italy 2020
AsiaPay Best Digital Payment Solution Provider Singapore 2020
Banco Industrial, S.A. Best Retail Bank Guatemala 2020
Banco Industrial, S.A. Best Mobile Banking Application Guatemala 2020
Bank Nizwa Best Islamic Banking CEO Of The Year Oman 2020 Khalid Kayed
Bank Nizwa Best Islamic Banking Services Oman 2020
Bao Viet Securities Best Corporate Governance Company Vietnam 2020
Being She Most Influential Women of the Year UAE 2020
BlackStone Futures (pty) ltd Most Innovative Forex Broker South Africa 2020
Capital Trust S.A. Best M&A Advisory Chile 2020
Cellcard (CamGSM Co Ltd) Fastest Mobile Network Company Cambodia 2020
Cellcard (CamGSM Co Ltd) Best Mobile and Digital Lifestyle Provider Cambodia 2020
China Asset Management Company Best Asset Management Company China 2020
CI Asset Management Best Asset Management Company Egypt 2020​
Commercial Bank of Ceylon PLC Best Digital Bank Sri Lanka 2020
Commercial Merchant Credit (Pvt)Ltd. Fastest Growing Finance Service Company Sri Lanka 2020
COSCO SHIPPING Ports Ltd Best Port Operator Hong Kong 2020
COSCO SHIPPING Ports Ltd Best Investor Relations Company Hong Kong 2020
ČSOB Private Banking Best Private Bank Czech Republic 2020
Fast Cover Travel Insurance Best Customer Centric Travel Insurance Company Australia 2020
Fast Cover Travel Insurance Best Comprehensive Travel Insurance Company Australia 2020
Fosun Hani Securities Limited Fastest Growing Financial Institution Hong Kong 2020
Fosun International Limited Best Innovation-Driven Consumer Group Hong Kong 2020
Taipei Fubon Bank Most Customer Centric Bank Taiwan 2020
Taipei Fubon Bank Best Digital Wealth Management Bank Taiwan 2020
Taipei Fubon Bank Best Investment Bank Taiwan 2020
FUTURE FX Best Forex Customer Service Provider UAE 2020
FXPRIMUS Best Forex Broker South East Asia 2020
Genero Capital LLC Best SME Financing Advisor MENA 2020
Greenstone Equity Partners Best Fund Management Company UAE 2020
HFTrading Most Secured Trading Platform Australia 2020
ING Maggie Best Retail Bank CZECH REPUBLIC 2020
IS Bank Best API Provider Bank Turkey 2020
JFD Group Ltd Best Retail Brokerage Services Western Europe 2020
MAGIC FINSERV Most Innovative AI-ML Technology service provider for Asset Management USA 2020
Mashreq Best Transactional Bank UAE 2020
Metropole Property Strategists Best Property Consultants Australia 2020
Mitrade Most Innovative Online Broker Australia 2020
MultiBank Group Best FX Trading Platform MENA 2020
Nan Shan Life Insurance Co. Ltd. Best Life Insurance Company Taiwan 2020
National Development Bank PLC Best Domestic Bank Sri Lanka 2020
National Development Bank PLC Best Retail Bank Sri Lanka 2020
National Development Bank PLC Best Corporate Bank Sri Lanka 2020
National Development Bank PLC Best Bank For Empowering Women Customers Sri Lanka 2020
National Development Bank PLC Best Bank For Marketing Campaign (NDB Araliya) Sri Lanka 2020
National Development Bank PLC Best Bank for Project and Infrastructure Financing Sri Lanka 2020
National Development Bank PLC Best Bank For Digital Financial Channels Sri Lanka 2020
ndgit GmbH Fastest Growing API Banking Platform Provider Germany 2020
OINVEST Most Innovative Online Trading Broker SouthEast Asia 2020
Pacífico Seguros Best Insurance Company Peru 2020
People’s Bank Best Commercial Bank Sri Lanka 2020
Petsy Pty Ltd Best Pet Insurance Company Australia 2020
Profile Software Best Wealth Management Technology Vendor UK 2020
PT. Asuransi Allianz Life Indonesia Best Sharia Compliant Insurance Solutions Provider Indonesia 2020
PVcom bank Best Trade Finance Bank Vietnam 2020
PVcom bank Best Credit Card (PVcomBank Mastercard) Vietnam 2020
Pyramedia Best Media And Marketing Consultancy UAE 2020
Q8 Trade Most Competent Trading Professionals MENA 2020
riyad bank Best Corporate Bank KSA 2020
ROInvesting Most Innovative Trading Platform Europe 2020
SeABank Most Innovative Mobile Banking Product (SeAMobile) Vietnam 2020
Shorooq Partners Fastest Growing Venture Capitalist Company UAE 2020
Standard Chartered Bank Most Innovative Transaction Banking Oman 2020
The Jubilee Insurance Company Of Tanzania LTD Best Insurance Company Tanzania 2020
TradeFW Most Popular Trade Service Provider Europe 2020
Tradimo Interactive Best Financial Education Technology Company Denmark 2020
uab bank Limited Best Banking CEO Myanmar 2020- Christopher Loh
uab bank Limited Best Corporate Governance Bank Myanmar 2020
uab bank Limited Best Bank Myanmar 2020
uab bank Limited Best Corporate Social Responsibility Myanmar 2020
uab bank Limited Best Banking Employer Myanmar 2020
Vietcombank Fund Management Best Fund Management Company Vietnam 2020
Wema Bank Best Retail Bank Nigeria 2020
Wema Bank Most Innovative Digital Bank Nigeria 2020
101investing Fastest Growing CFD Broker Europe 2020

 

About Us: Finance Derivative is a global financial and business analysis magazine, published by FM. Publishing. It is a yearly print and online magazine providing broad coverage and analysis of the financial industry, international business and the global economy.

Finance Derivative brings the latest News & Analysis from the finance world and corporate excellence. The magazine targets an audience of finance professionals, and corporate and private investors. With an accustomed team of professional industry Journalists, we bring a minute coverage on a comprehensive range of topics from the industry.

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News

BITCOIN CONTINUES TO TEST RESISTANCE DESPITE NEGATIVE SENTIMENT

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Alexandra Clark, Sales Trader at the UK based digital asset broker, GlobalBlock

 

In spite of negative sentiment from Senator Warren, Janet Yellen and Tether, the market continues to climb, with bitcoin reaching a high of $40,294 yesterday morning. Bitcoin has since pulled back after Amazon’s denial of rumours that they have any plans to accept crypto payments in the near future, but the asset has been making another attempt at breaking out above the $40,550 resistance area. Technical indicators in the daily time frame are bullish, supporting the possibility of a breakout, with bitcoin’s price breaking above the 200-day EMA, the RSI crossing above 70 and the Stochastic oscillator making a bullish cross, although the asset is still yet to cross the 200-day SMA. If (and when) bitcoin does cross the 200-day SMA, this will signal confidence in the market and demonstrate to many players that the bulls have regained control of the market.

With this rebound, over $1 billion worth of short crypto positions have been liquidated and Bitcoin’s dominance inches closer to 50%, although it is still down roughly 33% from its peak of 73.68% in early January.

VeChain has staged a remarkable rebound in the past few days as the market recovers. While there was some rejection at high levels yesterday, the price action today is much stronger which indicates that a major profit booking was done yesterday. Continuation of this rally towards $0.1000 levels will force investors to buy more before this gets out of hand.

The other top performers are Dogecoin, Cardano, Bitcoin Cash, and Wrapped Bitcoin. This strong performance is mostly because of the overall positive sentiment in the digital currencies space with the crypto fear and greed index rising to 24, which is above last week’s low of 10.

Crypto celebrity, Brock Pierce, plans to revive the Mt. Gox exchange by repaying its 24,000 victims using the Mt. Gox bankruptcy trust and building a new company from the ashes. It is predicted that debts will be repaid in three to five years but if a majority of those Mt. Gox users seeking compensation sign up to join a creditors committee, this could be resolved in a 1 year.  Beyond repaying users, Pierce wants to create a Gox Coin that gives original Mt. Gox creditors a stake in the new company.

After failing to meet anti-money laundering requirements for the U.K.’s temporary licensing regime, Binance has announced plans to become a fully regulated financial institution going forward. With this, the exchange’s CEO says he is willing to step down from his role in favour of a compliance expert.

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HOW TO REMOVE HARD INQUIRIES FROM YOUR CREDIT REPORT

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Your borrowing history determines financing options and interest rates, but that’s not all. The score it defines is checked by lenders, recruiters, insurers, and landlords. To improve the status, you may want to remove hard inquiries from the credit report. Sometimes, this may be impossible or unnecessary.

Experian, TransUnion, and Equifax are all legally obliged to delete unverifiable, unsubstantiated, or outdated information from your records. Hard inquiries, which reflect history checks, may also be erased from your file in some cases. Discover when you can and should get rid of hard inquiries, what this involves, and how long it takes.

 

What Are Hard Inquiries?

When you apply for a card, loan, or another financing option, the lender makes a decision after looking at your history. The summary of your borrowing experience helps them evaluate solvency. Your request permits access to one or more of the reports. This is when hard pulls or hard inquiries appear.

The term reflects the nature of these marks, as they impact the score. Multiple applications in quick succession can be damaging to your status. They make you look desperate for cash, so lenders doubt your creditworthiness. As a result, they are reluctant to extend credit or offer low interest rates.

On the other hand, there are credit inquiries of the “soft” type. They are not related to new financing. For example, your records may be accessed by a recruiter, an insurance company, a landlord, or yourself. Lenders leave soft pulls when they generate pre-approved offers. Such information is innocuous. It has zero influence on your eligibility in the eyes of the institutions.

 

How To Remove Hard Inquiries?

Despite its connection to your score, the impact of this information is modest. On average, every new entry knocks several points off the total, and the effects fade quickly — in a few months. Therefore, removing hard inquiries could not be worth the effort. Besides, it is only possible if they are erroneous.

One inquiry can hardly prevent you from securing a loan. But what if your records are accessed multiple times for different purposes and within a short period? This is when the effects are the most pronounced. Removing a hard inquiry can also help if you have not been a model borrower in the past. In this case, our tips to raise credit score will also come in handy. If you feel that the entries are false, challenge them as soon as possible.

Here is a caveat: an unfamiliar company name does not always point to fraud. Such entries may be legitimate, so you cannot get inquiries off the credit report. For instance, you may have provided your information to:

  • a home repair vendor who then checked your background;
  • a car dealership that contacted lenders to get the best conditions on an auto loan;
  • a mortgage servicer or website that sent it to one or more lenders.
  • A retailer that sent the data to its financing partner so you could get a store card.

 

What to Do

In case of unfamiliar pulls, you could try contacting the company mentioned on the records. If the data is not legit, remove hard inquiries. This could add a few points to your score. Here is what to do to eradicate unverifiable data:

Step 1. Collect the Information

First, gather your reports from three nationwide bureaus. Equifax, TransUnion, and Experian compile histories independently, so each of them may include false inquiries and other errors. As we have mentioned, checking your own records never affects your score.

Previously, every American was entitled to one free copy per bureau per year. Now, until April 20, 2022, you can download the files weekly due to the economic toll of Covid-19. The only official source is www.annualcreditreport.com — do not look elsewhere.

Step 2. Identify Suspicious Details

Armed with the files, you may get down to business. Pore over the records going line by line. Review them for any mistakes and fraud. The most common errors include:

  • accounts that do not belong to you,
  • false legal events like bankruptcies or evictions,
  • missed payments that never happened,
  • incorrect balances, and
  • the absence of positive information.

Unexpected hard inquiries may point to technical errors or identity theft. You may discover that fraudsters have obtained loans in your name (or tried to do this). Any incorrect, false or outdated information may be disputed formally.

Step 3. Send a Hard Inquiry Removal Letter

Every US citizen has a right to file formal disputes with the bureaus. You can challenge any information on your reports. The institutions may be reached by email, phone, or via their websites. You will need to compose a dispute letter using a special template (find it here) and send it by certified mail. Request a return receipt to have hard evidence of the exchange.

No single format exists. Express your concerns clearly and stick to the point. List the dubious items with any comments, such as suspicion of fraud. After your letter is received, the recipient will have 30 days to conduct an internal investigation. Sometimes, this window is extended to 45 days. Eventually, the agency will accept the changes, reject them, or ask for more information.

The bureau is obliged to erase unverifiable and unsubstantiated data. If you are not happy with the results, consider a redispute. It is also advisable to consult an attorney who specializes in the FCRA.

Some sources recommend including a statement of disagreement. The bureaus allow you to add up to 100 words to your reports. The benefits, however, are highly dubious. This data will not help your score, and most lenders will not see it.

 

How Do Inquiries Affect Credit Score?

In comparison with derogatories like repossessions, these items are relatively harmless. Consumers with decent scores can wait for them to vanish naturally. To understand if action is necessary, check your total on My FICO or via apps like Credit Sesame. Each removal can give up to 5 points.

A high density of hard pulls can potentially damage the total. However, this depends on their type. Multiple applications for the same service are treated collectively — as one inquiry. FICO and VantageScore have different windows for rate shopping — 45 days and 14 days, respectively.

If you request different types of credit — mortgage, credit cards, auto loans, etc. — within a few weeks, this will look suspicious. Still, you should look at the rest of your records to see if it matters. The impact is relatively small, as these entries affect only a 10th of your FICO total. For VantageScore, the effects are also slight.

 

How Long Do Hard Inquiries Stay On Your Credit Report?

Generally, any information of this kind should disappear in 24 months. The impact on your score is also fairly short-lived — it will last up to 12 months. Indisputable items will not vanish before expiry. All you can do is wait until the credit inquiries drop off on their own.

If the data is false, initiate formal disputes and have it deleted. The duration will depend on the number of items and reports. Note that all three agencies work independently. You need to contact the bureaus that made the mistakes, as no other organization may correct their records.

Each internal investigation will take between 30 and 45 days. If the inquiries are erased, the score will jump automatically. Typical cases of fixing span 3-6 months. Considering the impact of hard pulls, disputing credit inquiry data could also be unnecessary. If no fraud has been detected, and your history is otherwise correct, just wait.

 

Should You Get Help With Removing Hard Queries?

As you can see, these entries have only a slight impact on your score. They can be deleted in case of fraud or reporting errors. Opening disputes by yourself is not the only option, as credit fixers can do it for you. Check creditrepair.com reviews to see how this works. A professional agency will help you remove hard inquiries fast.

 

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