03 May
A Financial Boon Of The 21st Century: Credit Card

A Financial Boon Of The 21st Century: Credit Card

The 21st century is wildly known as the technological era. We are in the second decade of the century but the changes and growth in technology is mesmerizing. It has touched nearly every other field in the world and has made concrete changes in their development. The technological advancements in the financial sector have made many financial tasks easy and accessible. Though the technology of online banking and transactions were introduced in 1990s, 2000's witnessed the drastic increase in the usage of this technology worldwide. In the same way, credit cards were introduced in the late 1950s but their usage increased as the world saw more technological advancements in the field. People were very skeptical in the usage of these cards and they were mainly used for international travels and to buy heavy expensive goods. But as banks started offering extra security measures and additional benefits on their usage from the beginning of the 21st century, more and more people are using this type of plastic money.
27 Mar
Same day money transfer imminent throughout Eastern Caribbean Currency Union

Same day money transfer imminent throughout Eastern Caribbean Currency Union

BASSETERRE, St Kitts (WINN) — Clients of commercial banks in the countries of the Eastern Caribbean Currency Union will soon be able to send and receive money in EC currency, same day between commercial banks in the ECCU.
 
According to the Eastern Caribbean Central Bank (ECCB), the ECCU Electronic Funds Transfer (EFT) system, which offers a more secure, faster and more efficient method of transferring funds, is expected to be available to customers by June.
05 Mar
Grenada's Ranking in Transparency International's corruption perception Index 2017

Grenada's Ranking in Transparency International's corruption perception Index 2017

Grenada’s Integrity Commission (IC) and the Financial Intelligence Unit (FIU) acknowledge the news of Grenada’s ranking (52), in the 2017 Transparency International Corruption Perception Index,  as Grenada remains above the median level over the last two years since the limited re-introduction to this process with only 3 sources of information applied.


Perception indices such as these are based on subjective data and sometimes wide margins of errors even with minimal variances in conditions. 

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