• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Wednesday, June 11, 2025
  • Login
News Mirror
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Finance/Money
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Finance/Money
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
News Mirror
No Result
View All Result
Home Finance/Money

Yield 4 Finance comes against scam and fraud in financial sector

News Mirror by News Mirror
September 2, 2022
in Finance/Money
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.

RelatedPosts

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

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

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
Previous Post

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

Next Post

Dr. Momi Das from Assam bagged the sub title Mrs Gracious at Mrs.INDIA Galaxy 2022

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
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
Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru
Finance/Money

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru

June 15, 2023
Univest collaborates with Pratik Gandhi to conquer retail investor challenges
Finance/Money

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

January 10, 2023
Next Post
Dr. Momi Das from Assam bagged the sub title Mrs Gracious at Mrs.INDIA Galaxy 2022

Dr. Momi Das from Assam bagged the sub title Mrs Gracious at Mrs.INDIA Galaxy 2022

Cancer Specialist Doctor Romeeta Trehan Crowned as Mrs.India Galaxy first runner up 2022

Cancer Specialist Doctor Romeeta Trehan Crowned as Mrs.India Galaxy first runner up 2022

Leave a Reply Cancel reply

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

Recommended.

Kalpana Hansepi from Assam crowned as Mrs.India Galaxy second runner up 2022

Kalpana Hansepi from Assam crowned as Mrs.India Galaxy second runner up 2022

September 3, 2022

‘Chandigarh to host the biggest higher education conclave for North India’

November 13, 2021

Trending.

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

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

May 22, 2025
Rice Over Bread: How Lenexis Foodworks Captured India’s Chinese Food Market

Rice Over Bread: How Lenexis Foodworks Captured India’s Chinese Food Market

May 14, 2025
LANXESS significantly increases earnings in fiscal year 2024

LANXESS significantly increases earnings in fiscal year 2024

May 12, 2025
Lotus Derma Botanics Enters the Skincare Arena

Lotus Derma Botanics Enters the Skincare Arena

May 28, 2025
Say Hello to the Smartest Way to Sound — Ooka Audio Launches TWINS 707 Bluetooth Ceiling Speakers

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

May 28, 2025
News Mirror

© 2022 News Mirror

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

Follow Us

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

© 2022 News Mirror

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In