Scroll News
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
Scroll News
No Result
View All Result
Home Finance/Money

Yield 4 Finance comes against scam and fraud in financial sector

Scroll News by Scroll News
September 2, 2022
in Finance/Money
0
Yield 4 Finance comes against scam and fraud in financial sector
Share on FacebookShare on Twitter

Panchkula (Haryana) [India]: The financial instrument industry has constantly been a target of several fakes and scammers, especially the SBLC providers. Yield Group of Finance, a global cross-border finance company, shares the toughest part of being in this industry. Since a significant number of financial firms are offering bank instruments, fraud cases are rising at pace.

There are several issues in the trade finance sector, but one major problem leading to scams is the lack of direct customer communication with the firm. The clients usually come in contact with scammers instead of reliable company partners.

You May Also Like This

KGIL Fintech Solutions Pvt. Ltd. Launches SwipeLoan Making Digital Lending Easy Accessible For All

KGIL Fintech Solutions Pvt. Ltd. Launches SwipeLoan Making Digital Lending Easy Accessible For All

January 31, 2025
Maverickk –The All-in-One, Tech-Powered Platform for Financial Empowerment

Maverickk –The All-in-One, Tech-Powered Platform for Financial Empowerment

November 11, 2024
SMEST Capital Welcomes Accomplished Leader as the General Manager

SMEST Capital Welcomes Accomplished Leader as the General Manager

January 30, 2024

People tend to believe and easily fall for the misleading information given by fraudsters, lending them to problematic situations. In these circumstances, financial firms become the ultimate scapegoats as customers raise queries with the firm instead of the frauds they indulge with.

The fake sellers, payments for fake documents, and service providers are spoiling the market globally, despite banks and other financial institutions trying to bring the best services to their clients. The fraud actors claim to have connections with reliable cash flow providers, to have ease of access to a huge amount of money as legitimacy to draw in investors.

Another fraud is using the lack of understanding of victims in the finance industry. The scammers use it to brainwash people as they are not fully aware of it.

SBLC (Standby Letter of Credit) is a flexible financial tool for performing secure transactions and payments. It is generally issued by banks and institutions for their customers, serving as a transaction guarantee.

According to the Chairman of Yield4Finance, Sanjeev Chadha, currently, there are no direct solutions for companies or banks from such fraudsters trying to defame you over issues out of your control. Company Vice President Ms Javela Macalalad said that in such cases, we could only try to explain to the client or take our legal stand. Adding more to this, she said, ‘It is more important to focus on serving as many clients as possible to your best intentions and not think the factors you cannot control which can affect your servicing to any client.’

For the clients as well, it becomes difficult to figure out reliable trade finance firms in such a vast market mix of scammers and real SBLC providers. But few red flags can easily be figured out, like enticing by offering bank instruments at low prices. These tricksters promise to deliver clients with SBLC and bank guarantees of huge sums at very low prices. Another gimmick is to use fake email services with no authentic websites and zero visibility across various digital and traditional platforms.

Yield Group of Companies suggests that contacting financial firms directly is the best way to safeguard against such con tricks.

Tags: cross-border finance companyfinance industryfinancial instrument industryMs Javela MacalaladSanjeev ChadhaSBLCscam and fraud in financial sectorYield 4 FinanceYield Group of Finance
ShareTweetShareShareSendSend
Previous Post

Rex Rangrez’s maiden novel Between Them and Us is here! 

Next Post

CM Dhami Praises OHO Radio’s Founder RJ Kaavya – Says “Uttarakhand should make the best of its potential and set higher benchmarks for the country and mankind”

Related Posts

KGIL Fintech Solutions Pvt. Ltd. Launches SwipeLoan Making Digital Lending Easy Accessible For All
Finance/Money

KGIL Fintech Solutions Pvt. Ltd. Launches SwipeLoan Making Digital Lending Easy Accessible For All

January 31, 2025
Maverickk –The All-in-One, Tech-Powered Platform for Financial Empowerment
Finance/Money

Maverickk –The All-in-One, Tech-Powered Platform for Financial Empowerment

November 11, 2024
SMEST Capital Welcomes Accomplished Leader as the General Manager
Finance/Money

SMEST Capital Welcomes Accomplished Leader as the General Manager

January 30, 2024
Fueling the Dreams of India’s MSMEs: RupeeBoss MSME Loans
Finance/Money

Fueling the Dreams of India’s MSMEs: RupeeBoss MSME Loans

October 23, 2023
Payment Aggregator Paysharp Private Limited gets ISO 27001 certification
Finance/Money

Payment Aggregator Paysharp Private Limited gets ISO 27001 certification

October 9, 2023
Alok Kumar Agarwal of Alankit talks about tax planning and its benefits
Finance/Money

Alok Kumar Agarwal of Alankit talks about tax planning and its benefits

July 17, 2023
Next Post
CM Dhami Praises OHO Radio’s Founder RJ Kaavya – Says “Uttarakhand should make the best of its potential and set higher benchmarks for the country and mankind”

CM Dhami Praises OHO Radio's Founder RJ Kaavya – Says “Uttarakhand should make the best of its potential and set higher benchmarks for the country and mankind”

Sachin Mishra celebrated 'Guru Vandan Shishya Abhinandan' under Brahamrashtraekam on Teachers' Day

Sachin Mishra celebrated 'Guru Vandan Shishya Abhinandan' under Brahamrashtraekam on Teachers' Day

Bengaluru based NavaTies Export Marketing Platform & Government of Goa – Ministry of Industry Signs MoU

Bengaluru based NavaTies Export Marketing Platform & Government of Goa - Ministry of Industry Signs MoU

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

PM to release next instalment under PM-KISAN on 25 December

4 years ago

Things to Learn from The Weekly with ChoubeyJi

3 years ago

Gadkari Announces Enforcement of Mandatory FASTag from 1st January, 2020

4 years ago
A Journey of Resilience of A Septuagenarian: Beating Esophageal Cancer with Robotic Surgery

A Journey of Resilience of A Septuagenarian: Beating Esophageal Cancer with Robotic Surgery

5 months ago

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World

Topics

Ace Entrepreneur actor Artificial intelligence Bangalore Bengaluru Blockchain technology BRICS CCI Content Creator COVID-19 Cryptocurrency CSIR DBT Delhi Digital Marketing DST Dubai Education entrepreneur entrepreneurship Fairplay Gujarat Gurugram Hyderabad IIT Delhi India Indian Institute of Technology Influencer Influencerquipo innovation Kingston Technology K Raheja Corp Homes memory products and technology solutions Mumbai Music Industry pandemic photography producer Pune real estate research Shan Se Entertainment Shantanu Bhamare social media Surat technology
No Result
View All Result

Highlights

Smart Geek Visas Turns Immigration Dreams into Global Success Stories

INSD Vasai: A Bold New Chapter for Design Education in Palghar District

Visionnaire At Salone Del Mobile Milano 2025

Kingston Powers Tomorrow: Enabling the Future of AI with High-Performance Solutions at COMPUTEX 2025

Invisalign Treatment Delivers Predictable Results for Adult Patients, Achieving Complete Space Closure in as Little as 8 Months

Quick Scaleup Technologies: How a Patna-Based Startup is Powering Global Digital Growth

Trending

Say Hello to the Smartest Way to Sound — Ooka Audio Launches TWINS 707 Bluetooth Ceiling Speakers
Business

Say Hello to the Smartest Way to Sound — Ooka Audio Launches TWINS 707 Bluetooth Ceiling Speakers

by Scroll News
May 28, 2025
0

Just . . POWER IT. SYNC IT. PLAY IT. That’s how simple a great sound should be....

Lotus Derma Botanics Enters the Skincare Arena

Lotus Derma Botanics Enters the Skincare Arena

May 28, 2025
Combining NDT and DMI: A Comprehensive Approach to Developmental Delay

Combining NDT and DMI: A Comprehensive Approach to Developmental Delay

May 28, 2025
Smart Geek Visas Turns Immigration Dreams into Global Success Stories

Smart Geek Visas Turns Immigration Dreams into Global Success Stories

May 27, 2025
INSD Vasai: A Bold New Chapter for Design Education in Palghar District

INSD Vasai: A Bold New Chapter for Design Education in Palghar District

May 27, 2025
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 Scroll News

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Scroll News