What are the opening hours?

Monday 08:30 - 20:00 Tuesday 08:30 - 20:00 Wednesday 08:30 - 20:00 Thursday 08:30 - 20:00 Friday 08:30 - 20:00

Adrack, Yerevan (2026)

29/09/2023

What Can You Do?
People enduring financial hardships may be questioning how likely late, or reduced payments may impact their credit scores. Follow these best practices to help minimize the impact of Coronavirus on your credit standing:

✔ Talk to your lenders and creditors to see if any assistance is available.
✔ Pay what you can.
✔ Try to avoid late payments.
✔ Try to make at least the minimum payment on accounts or pay any amount you and the lender or creditor agree upon.
✔ Stay up to date on your credit reports.
It is always important to stay up to date on your credit reports and make sure you examine them regularly. Sometimes, you may be able to find small mistakes here and there that may, in fact boost your score high.

There are several ways that you can do this. By simply accessing your credit report, you can skim through your information and gather all the needed data.

28/09/2023

One thing to always keep in mind is that credit scores may be less informative than they should be. Although they are a potent tool for lenders to identify creditworthy borrowers, the protection of the forbearance programs may cause some muddling.

Additionally, it is not just credit scores suffering a loss of power. Still, the central bank had come out to state that about 8 percent of borrowers were already behind on their mortgages when they entered forbearance. After taking relief, the large majority were listed as current on their loans. As a result, credit bureau tools of mortgage default must be observed.

27/09/2023

Scores for homeowners who took precedence of payment relief on their mortgages increased an aggregate of 14 points over the progression of the pandemic. That was an even more significant increase than the seven-point rise observed between borrowers that did not exercise restraint on their loans.

Banks and other financial firms employ credit score searches to discover consumers’ readiness and capacity to pay their loans. Nonetheless, the firms that produce the figures known as credit scores have long endured objection from consumers and advocates who believe that it is not apparent what data they use to determine the numbers or what can be arranged to boost them.

During the coronavirus pandemic, unemployment rates surged through the roof; mortgage lenders began a barge of tolerance benefits to borrowers that enabled them to delay payments for as long as 18 months. The Fed determined that approximately 13 percent of mortgage borrowers were in forbearance state for at least a month over the past year.

26/09/2023

The pandemic has struck consumer finances and attitudes in a significant way. Furloughs and layoffs turned the financial health of some households upside down, and ever-changing circumstances produced market buoyancy. This, in turn, ignited a rush to liquidity as consumers shifted funds to keep more cash on hand. Even financial incentives designed to push spending have inspired many households to save and pay off debt.

However, the level of impact and consumers’ ultimate change in behaviors relied on their affluence levels. Therefore, as marketers consider their future strategies and investments, they must ultimately learn what their customers have experienced since the pandemic’s start.

The Federal Reserve warns that credit scores may have gotten less dependable during and after the coronavirus pandemic. A credit score is an all-powerful number that can decide if a consumer can qualify for a loan, rent a home, or even buy car insurance.

25/09/2023

So, what is a credit score?

A credit score is a number that reflects how much money you have borrowed, the way you use credit, and your history of paying off any loans and credit cards.

This is calculated based on many sources of information, including:

Your details like your age, income, and living arrangements.
Financial information like how many loans and credit cards you have.
Your bill-paying history for expenses like energy and phone bills.
While your credit score is a record of positive information, such as your track record making repayments on time and in whole, it also includes negative information such as late payments, court adjudications, bankruptcies, and insolvencies.

All in all, the higher the score, the better and the more likely lenders will be to approve loan or credit card applications you might make. The lower the score, the riskier you will be perceived by lenders, making them less inclined to support your application for a loan, which is why having a high credit score is essential.

21/09/2023

Key Takeaways:

📌 Digital identity encompasses personal information that defines a person’s online identity, including social media profiles, financial accounts, email accounts, digital identity verification services, and IoT devices.
📌 Industries particularly susceptible to identity theft include financial services, healthcare, retail, government, and education.
📌 AI identity proofing and verification is an emerging trend that uses various methods, including biometrics and document verification, to confirm a person’s identity.
📌 AI can also be used to prevent identity theft by detecting and stopping fraudulent activity.
📌 As AI advances, more businesses will likely begin using AI for identity proofing and verification.
However, there are also concerns about the use of AI in digital identity, including privacy and security risks.
📌 Overall, individuals and businesses should be aware of the risks and benefits of digital identity and AI identity proofing and verification.

14/09/2023

☝️ Blockchain-based identity systems:

Blockchain technology allows the creation of decentralized, tamper-proof databases that can be used for identity verification. These databases store personal identification information, biometric data, address and contact details, digital credentials, and transaction history, among other relevant information. AI can be used to analyze the data stored on these databases to verify the authenticity of identities and transactions. Blockchain-based identity systems are becoming increasingly popular for their security and privacy benefits, as they allow users to control their personal data without intermediaries or centralized authorities

13/09/2023

☝️ Voice biometrics:
Voice biometrics involves using AI to analyze a person’s voice for identification purposes. This technology can analyze various features of a person’s voice, such as pitch, tone, and speech patterns, to create a unique voiceprint that can be compared against a database of known voices. Voice biometrics, such as voice payments or phone-based customer service, is increasingly used for security and authentication purposes.

☝️ Multi-factor authentication:
Multi-factor authentication requires users to provide multiple forms of identification before granting access to a system or service. AI can be used to analyze various forms of identification, such as facial recognition or voice biometrics, to increase the security and reliability of the authentication process. Multi-factor authentication is becoming increasingly common in various contexts, such as online banking or e-commerce transactions.

08/09/2023

☝️ Behavioral biometrics:

Behavioral biometrics involves analyzing behavior patterns, such as typing speed or mouse movements, to create a unique user profile that can be used for authentication. This technology can detect suspicious activity or fraud, such as if a user’s behavior suddenly deviates from their usual patterns. When a user’s behavior deviates from their typical patterns, it can trigger an alert or raise suspicion within a behavioral biometrics system. The response to such differences depends on the specific implementation and policies set by the system. In some cases, it may prompt additional security measures, such as requiring further authentication steps or flagging the activity for manual review by a security team.

07/09/2023

☝️ Document verification:

Document verification involves using AI technology to verify the authenticity of physical documents, such as passports or driver’s licenses. AI algorithms can analyze various features of a document, such as holograms, watermarks, or font types, to detect any signs of tampering or forgery. This technology can be used for identity verification in various contexts, such as online account creation or financial transactions.

04/09/2023

In today’s digital landscape, robust identity proofing and verification is paramount. To address the rising security challenges, the adoption of AI technology has ushered in a new era of identity verification trends. Some of the fastest risers include:

☝️Facial recognition: Facial recognition technology has advanced significantly in recent years, allowing for more accurate and reliable identification. This technology uses algorithms to analyze unique features of a person’s face, such as the distance between the eyes or the shape of the jawline, to create a digital template that can be compared against a database of known faces. Facial recognition is becoming increasingly common for security and authentication purposes, such as unlocking devices or verifying identities for financial transactions.

24/08/2023

✔ Financial Accounts
While passwords and other security measures generally protect financial accounts, they can still be vulnerable to identity theft and cyber-attacks.

A significant breach in the financial sector occurred in 2017 when Equifax, one of the major credit reporting agencies, suffered a cyber attack. The breach exposed the sensitive personal information, including Social Security numbers and credit card details, of approximately 147 million individuals. This incident underscored the vulnerability of financial accounts and the importance of robust security measures to protect users’ financial information.

AI has revolutionized financial fraud detection by quickly spotting and preventing fraudulent activities, enhancing overall security in the financial sector.

✔ Email Accounts
In 2020, a widespread phishing campaign targeted Microsoft Office 365 users, compromising numerous email accounts. The attackers used deceptive tactics to trick users into revealing their login credentials, allowing them unauthorized access to sensitive emails and data.
This incident emphasized the ongoing threat of phishing attacks and the need for advanced AI-based email security measures to detect and mitigate such threats. Email accounts are often hubs of sensitive documents and communication, which makes them a likely target of cyber attacks.

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Monday	08:30 - 20:00
Tuesday	08:30 - 20:00
Wednesday	08:30 - 20:00
Thursday	08:30 - 20:00
Friday	08:30 - 20:00