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Adro selects Stearns Bank as sponsor bank to bridge financial services gap for international students

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–News Direct–

Adro, a New York-based technology company enabling access to checking, savings and credit for international students and workers moving to the U.S. through its university partners, announced today Stearns Bank N.A. as its official bank sponsor.

With support from Stearns Bank N.A. to build a financial on-ramp for internationals, Adro is set to launch this summer. Product highlights include:

  1. The ability to open an account before arrival in the U.S., no Social Security number required
  2. Complete product access from the day of arrival, including debit and credit cards via Apple Pay and Google Wallet
  3. The ability to begin building credit on Day 1, while waiting for a Social Security number to be issued, and
  4. Discounted international money transfers

As one of our earliest and biggest supporters, choosing Stearns Bank N.A. as our sponsor bank was an obvious choice, said Amarildo Gjondrekaj, CEO and Co-founder at Adro. Stearns has a long history of recognizing minority groups that are traditionally underserved and underbanked. They have been an invaluable resource in sharing their expertise in risk and compliance oversight. Their team has shown great appreciation towards what were building to improve the banking experience for internationals.

We believe in listening to what our community needs. Our customers and communities are increasingly more global and mobile, and were all about increasing inclusion and access. Empowerment for all is our mission, and partnering with Adro to offer the full breadth of financial services to international students and workers aligns perfectly with our priorities, said Kelly Skalicky, President and Chief Executive Officer at Stearns Bank N.A.

Josh Hofer, Chief Risk and Information Security Officer at Stearns Bank N.A., who leads the fintech and innovation division adds, Were emerging as a leader in fintech partnership and innovation because of our strong risk management, compliance and regulatory expertise and our common-sense business approach, which were in a great position to leverage for Adro and its customers to expand and maximize Adros reach and impact.

With its bank sponsor now confirmed, Adros focus remains on narrowing down and finalizing its key university partners ahead of the upcoming 2024-2025 academic year. For more information, visit www.joinadro.com/university.

About Adro

Adro is a technology company helping internationals unblock access to financial services so they can live like a local. Based in New York, Adro has raised a $1.5M pre-seed and is backed by investors who deeply believe in equal access and opportunity for newcomers arriving in the U.S.

Adro was selected to join the 2024 Hudson Valley Venture Hub Accelerator at SUNY New Paltz. Adro is a graduate of Westchester Countys Element 46 Tech Accelerator and a member of CELA Innovation. To learn more, visit www.joinadro.com.

About Stearns Bank N.A.

Minnesota-based Stearns Bank National Association is a $2.8 billion, independently owned financial institution with locations in Minnesota, Florida, and Arizona, and over 35,000 small business customers nationwide. Stearns Bank is consistently recognized as one of the Best Banks to Work For, most recently ranked by American Banker as the 5th best bank to work for among banks in the nation, while earning top rankings based on its strong capital and earnings as one of the nations highest-performing banks. The Independent Bankers 2023 Best of the Best ranks Stearns Bank as the 4th best-performing bank in the U.S. among banks having more than $1 billion in assets based on banks 3-year average Return on Assets. Stearns Banks financial strength and success is achieved by Stearns Bank becoming one of the most prominent community impact lenders in the nation through effective public-private partnerships and innovative local initiatives with community organizations, CDFIs, and Minority Deposit Institutions across the country. Stearns Bank specializes in nationwide affordable housing, workforce and multifamily housing, commercial construction lending, build-to-suit and CRE-repositioning lending, family office and lender financing, USDA and SBA lending, and small business and equipment financing to foster economic development and entrepreneurial growth at a local level in communities across the country. As a national leader and go-to bank for nonprofits, Stearns Bank created a customized suite of Nonprofit Banking Solutions specially designed and tailored to empower nonprofit organizations across the country. Driven by a passion to help others achieve their greatest ambitions, Stearns Banks mission is to Get the Job Done! For more information, visit StearnsBank.com.

Contact Details

Katherine Wong Too Yen

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/adro-selects-stearns-bank-as-sponsor-bank-to-bridge-financial-services-gap-for-international-students-793284173

Adro

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Press Release

Use Volatility In Your Favor With Robinhood Options Trading In April, Volatility Index VIX Hit Highest Mark

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–News Direct–

By Meg Flippin, Benzinga

Thanks to their large upside potential, many seasoned traders choose to trade options to play the markets. Fintechs like Robinhood have made accessing the market easier for seasoned traders to fine-tune their strategies, building based on their trading level.

With inflation remaining stubborn, the markets appearing to be waiting for the Federal Reserves next move on interest rates and the U.S. about to enter what is expected to be a polarizing presidential election, volatility has been high. In April, the VIX Index which Wall Street uses to gauge volatility in the market hit its highest level since late October 2023, when the Israel-Hamas conflict began. Year-to-date, the VIX Index is up more than 12%.

Options Abound With Options Trading

While volatility may scare buy-and-hold investors, for active options traders, some look at it as an opportunity. After all, with options trading, investors can engage in a variety of diverse strategies that have the potential to work in all sorts of market conditions, whether it's speculating stocks will go up or down based on their bearish and bullish outlooks. Options are also cheaper than buying shares outright, creating leverage, which means the gains on your investment could be amplified as can losses. However, options expire, and you can lose your entire investment in a short period of time. Some strategies present a potential for substantial or even unlimited losses.

Then there are the hedging capabilities that come with options, which can help mitigate the dangers of high-risk, high-reward instruments. If an investor is worried a stock is going to fall they can purchase puts that enable them to sell the stock at a strike price, regardless of where the stock falls prior to expiration of the option. The same cant be said of stocks. If shares tank, you dont have any downward protection other than to sell and limit your losses. However, if the stock goes up or doesnt move prior to expiration, the option will expire worthless and the loss is equal to the premium paid.

Leveling The Playing Field For Options Investors

Accessing options trading is getting even easier thanks to Robinhoods trading platform. Not only do customers get access to options but also advanced charts, including the ability to track and modify technical indicators such as moving average, relative strength index and moving average convergence divergence. Furthermore, there are no contract fees.*

Other powerful features of Robinhoods platform include the ability to save and monitor options contracts to see hypothetical returns and options rolling in which you can seamlessly adjust and extend your positions. And lets not forget 24-hour support. If you have a question on your option strategy even in the wee hours of the morning, Robinhood has you covered.

Even retirement accounts and cash account holders can trade options with Robinhood. The same cant be said of some of Robinhoods rivals.

Robinhoods efforts to improve access are not surprising. For some time now, the company has been on a mission to level the playing field when it comes to investing by providing access to an array of investment and retirement products, keeping costs down and commissions at zero (other fees apply). Take Robinhood Gold for one example. Gold subscribers get 5% APY on uninvested cash in their brokerage account, a 1% boost on brokerage transfers and instant deposits.

None of this is lost on options traders, which is why that part of Robinhoods business is growing, and options traders are taking note. Robinhood is making moves to grow its market share even more. We want to be number one in the active trader market. So active traders are very important for us, Robinhood CEO Vladimir Tenev said in a recent interview. They care about very specific things like performance, pricing, user experience. And we're making lots of investments there both in the user experience and in new product innovations that other competitors don't offer, 24-hour market being a great example there.

Options trading is growing in popularity as regular retail investors learn its virtues. Robinhood wants to be a leader in the space and is pulling out all the stops to achieve that.

If you are interested in trading options and want to do so at a low cost with all the support you need, then check out Robinhoods offering here.

Featured photo by Nicholas Cappello on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Disclaimer:

*There are no contract fees charged directly by Robinhood. However Robinhood does pass through certain fees charged by securities regulators and exchanges.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Robinhood Financial does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. Supporting documentation for any claims, if applicable, will be furnished upon request.

Rolling options does not ensure a profit or guarantee against a loss. An investor may also end up compounding their losses. By rolling out, the duration is extended, which can also increase risks as there's more time for the underlying security's price to move unfavorably.

One of the key downsides of options vs stocks is that options contracts expire over time. For puts, If the stock price is at or above the strike price, the option expires worthless, and you can lose the money you paid for the options contract.

Risk of VIX options:

The prices of VIX options can fluctuate significantly and thus increase the risk for investors.

The VIX is a synthetic value that is calculated on the basis of option prices. Investors who invest in VIX options should therefore be aware of the special features of this asset class.

In some market situations, the VIX and thus also the prices of VIX options may not move in the expected direction. This means that in some cases VIX options may not help to reduce the risk of a portfolio, but rather increase it.

VIX options generally have a term of only a few months and are therefore more suitable for short-term trading.

Contact Details

Benzinga

+1 877-440-9464

[email protected]

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/use-volatility-in-your-favor-with-robinhood-options-trading-in-april-volatility-index-vix-hit-highest-mark-337548674

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Brandon’s Roofing Company Scott Meadows Construction, INC. Delivers Unmatched Quality

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Brandon, Mississippi – For Scott Meadows Construction, INC., roofing excellence is more than just a slogan. It’s a commitment to delivering the highest quality roof installation services in Brandon, Mississippi. With years of experience and a dedicated team, the roof installation contractor Brandon stands at the forefront of the roofing industry, providing unmatched craftsmanship and innovative solutions.

The company’s success hinges on its team of seasoned professionals, who specialize in both residential and commercial roofing projects. From intricate roof designs to standard installations, Scott Meadows Construction, INC. ensures every project is executed with precision and attention to detail. The roofing installation Brandon team uses only the finest materials and the latest technology to deliver services that not only meet but exceed customer expectations.

Customer satisfaction is at the heart of Scott Meadows Construction, INC. Each roofing project is handled with utmost professionalism, ensuring that every aspect of the installation is perfect from start to finish. The reputation of the roofing company Brandon is built on the pillars of reliability, integrity, and quality. These values are reflected in testimonials from satisfied clients who praise the company’s ability to transform their homes and businesses with new aesthetically pleasing and functionally superior roofs.

In addition to roof installations, Scott Meadows Construction, INC. offers a comprehensive range of services, including roof repair, maintenance, and emergency roofing services to address all client needs swiftly. The company’s proactive approach to roof care helps clients avoid larger issues down the line, saving them time and money.

Scott Meadows Construction, INC. not only prioritizes high-quality installations but also focuses on the overall client experience and the sustainability of its roofing solutions. The company’s approach to sustainability involves using environmentally friendly materials and methods that reduce the carbon footprint of each project. This eco-friendly emphasis ensures that clients receive not only a durable and beautiful roof but also one that contributes positively to the environment.

Efficiency is another cornerstone of the service provided by Scott Meadows Construction, INC. Projects are completed promptly to minimize disruption, yet thoroughness is never sacrificed. The team ensures that every step, from initial consultation to the final inspection, is conducted with the highest standard of professionalism and respect for the client’s time and property.

About Scott Meadows Construction, INC.

Scott Meadows Construction, INC. is based in Brandon, Mississippi, and has been a prominent leader in the roofing industry for over a decade. Committed to excellence and precision, the company provides a wide range of roofing services designed to enhance the safety, beauty, and longevity of buildings across the region. With a focus on customer satisfaction and technical excellence, Scott Meadows Construction, INC. continues to set the standard for roofing services in Mississippi.

Media Contact

Name
Scott Meadows Construction Inc
Contact name
Scott Meadows
Contact phone
601-541-6009
Contact address
103 Heron Cove
City
Brandon
State
Mississippi
Zip
39047
Country
United States
Url
https://www.scottmeadowsconstruction.com/

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RZ Blockchain Transforms Gaming Industry with MetaGamescoin and RANKING Platform and physical Assets Conversion to Digital Currencies

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Dubai, United Arab Emirates, 3rd Jun 2024 – A new blockchain called (RZ) It is set to make waves in the gaming industry with its innovative approach to cryptocurrencies. The purpose of this new Ecosystem is to provide a safe, efficient and decentralized way for gamers to buy, sell and trade virtual goods in their favorite games.

 With the increasing popularity of blockchain technology, (RZ) offers a solution that addresses the challenges of game currencies, such as high transaction costs, limited interoperability between games, and lack of transparency. Using the power of blockchain, this network ensures that gamers have full control over their virtual assets and can seamlessly transfer them across different gaming platforms.

The first product of this family is the MGC currency, which is currently offered on the Binance Smart Chain , and in addition to being known as a gamer’s currency, it allows all players in various games around the world to encourage players through its reward program called the ranking platform. Allows them to earn MGC tokens by participating in various game activities and events and registering their results.   This not only increases the overall experience of the games, but also creates a new way for players to earn money from the skills and achievements of gamers. It is also worth mentioning that in the RANKING PLATFORM , in addition to income, players earn points and their rate.  they find among the players of the world with ranking, and also having a dedicated profile and dashboard, they can communicate with others like a social media and invite them to challenge or to their social interactions by forming groups and holding competitions, events and festivals, this is cause more social activities in this industry .  

Gamers In addition to choosing their own avatar after going through long-term time steps based on their points and how to play and their interests from artificial intelligence in the platform, they can get a special avatar that is completely  Unique based on their personality, artificial intelligence for them has designed.

In addition to gamers, RZ Ecosystem 
It also offers exciting opportunities for game developers and publishers. By integrating MetaGamesCoin into their games, they can tap into the global market of cryptocurrency users and generate new revenue streams through token sales.  and earn in-game purchases.

In the future, with the launch of the NFT Marketplace and the sale of physical products and the project of Metaverse City, this ecosystem has become more complete and is moving towards the development of newer platforms for businesses and special programs for business owners in global trade by converting assets. Their physical to digital currency or the so-called tokenization of their assets will help them to use this ready platform for the benefit of business and entrepreneurship and increase the profitability of businesses. 
 Overall, the (RZ) ecosystem represents an important step forward in the evolution of gaming economies with the MGC token, and as the gaming industry continues to embrace blockchain technology, the (RZ) blockchain and (MGC) token plays an important role in shaping the future of games.  
Stay tuned for more updates on this ecosystem and its impact on the world

Media Contact

Organization: Rezvani project management

Contact Person: Rasool Rezvani

Website: https://MetaGamescoin.io

Email: [email protected]

City: Dubai

Country: United Arab Emirates

Release Id: 03062412805

The post RZ Blockchain Transforms Gaming Industry with MetaGamescoin and RANKING Platform and physical Assets Conversion to Digital Currencies appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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