Category Archives: Banking

Banking

The Case For Online Banking Services

Online banking is a phenomenon which has become increasingly popular over the last few years. Not only have people become used to the convenience of this, as our lives continue to become more and more involved and hectic, but we have also become concerned at the new issues which this technology driven service brings, namely security matters and identity theft.

Security is one of the chief concerns of any online banking service. There seems to be a trade off between ease of access for ourselves and preventing other people from access to our personal data. The various provisions of security seem to fall into two major areas: legislation and technology.

The legislation is handled by the various government acts which are passed from time to time related to our individual data security such as the Data Protection Act and the various measures which have been put in place (usually lagging behind the very things they are meant to address) like anti ‘phishing’ laws and the preservation of the individual’s data integrity.

The technology aspect is concerned with the efficacy of firewalls, the provision of specialist software to prevent the various malware that is designed to monitor our keyboard usage (thereby emulating the keystrokes which reveal our various passwords) and the whole sale ransacking of our hard drives and our email address books. The water is further muddied in this area because certain types of software are seen as malevolent merely because they are installed to seek out other destructive software, and so may be interpreted as ‘spyware’ by normal procedures of virus scanning, when in fact they are perfectly harmless applications usually installed by the computer owner.

But few people would disagree that, on the whole, the online banking services revolution has been of great benefit to modern societies and individuals alike. The ability of ordinary account holders to use banking software to perform what would have been thought impossible only a few years ago is now taken as a commonplace; this is due to the complex software which enables us to search our accounts, request statements, locate individual transactions, transfer money between accounts, make purchases from third party merchants and also take advantage of more esoteric aspects of banking as stock investments, currency speculating and even day trading.

Such activities used to be the preserve only of the corporate data processing professional. But nowadays anyone will be able to perform any of the above activities as long as the software provided the means of doing it. Online banking services are now looking towards an increasingly complex future: it is to be hoped that the security issues will keep pace as well.

See for yourself what is available at the cutting edge of online banking accounts and the various facilities that can tempt you away from your present currents account.

Banking

The Benefits of Offshore Banking

Offshore banking can be of great convenience to many people for a variety of reasons. It allows customers to access their money from anywhere in the world, which is a great perk for people living or working internationally, or even those who are going travelling for extended periods of time. Offshore bank accounts can be opened in a variety of different currencies too, meaning you can select which currency would be most beneficial for your purposes without losing out when it comes to exchange rates.

Wherever you go across the globe, your money can be kept in your offshore banking account. No matter if you’re working abroad or simply travelling for a while, there will never be a need to open any other bank accounts and struggle with stress, confusion and complications from attempting to do so.

Your offshore banking account will cater to all your needs – from providing you with debit cards for your chosen currency or several currencies to dedicated fantastic customer support and tax benefits.

Tax benefits in particular are one of the reasons many people consider offshore banking. As well as providing convenient access to your money without having to give notice or undergo any messy exchange procedures, some banks offer fantastic tax benefits that are difficult to pass up on. For example, some offshore banking accounts offer you a higher interest rate based on how much money you have in your account – the higher the funds, the greater the level of interest you receive.

Others offer interest rewards based on whether you are able to give notice of withdrawals and some provide customers with a fixed level of interest, providing the customer deposits a minimum amount every month.

During times of economic uncertainty, it’s more important than ever to stay on top of our finances. That’s why so many people are beginning to examine their bank accounts and spending time working out whether they are truly getting the most out of their services. It’s important to make the most of your bank account, so if you are thinking about switching to an offshore account or, if you already have one, are wondering if there is an offshore banking account that will work harder to stretch your money farther, it is certainly worth shopping around and seeing what’s on offer.

You could end up with a far more beneficial bank account that will really ensure you’re doing the best you can when it comes to banking during tough financial times.

Victoria Cochrane writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

Banking

Banking Indicator – The Goal Checker

It is undeniable that social enterprises as well as those organizations that consider themselves mission-driven all have their individual and distinctive elements. However, even though this is the case, there are some that share comparable objectives. That is not a problem actually since it is no secret that the main goal of every business is to be the top firm in the world. They all aim to provide the best among the best products and services. In order to do this, they need to have a banking indicator so that they will not get lost in the dizzying maze of business challenges.

Banking indicators are great help for managers and the entire company as well. However, they do require some important elements in order for them to work. The first requirement is that you have to provide a mission or an objective. If you still do not have, your company is not regarded as a company. All organizations no matter how small they are should have a mission, objective or a goal that can be achieved. This is one way for the company to determine that they have progressed because of the mission that they have planned out.

Organizations that see themselves virtually near their goals are those that may become successful and can linger in the business for a longer period. Those that are still a bit far from their objectives should not lose hope. All they have to do is to exert extra efforts so that their company will ultimately bring them closer to their goals. In the meantime, the banking indicator will aid in accomplishing the mission of the firm.

The indicators for banks and the financial departments can be a great help especially when the company is still starting out. Nevertheless, this is usually utilized by those that have been in the business for quite some time because they obviously have more records than the beginner companies.

It is important that an executive or a business owner knows what the common objectives are and how the banking indicator shows the effect of the organization to the people, society, the situation, or the financial system. Indicators for banking may not be widely used but there are a lot of people that can testify how great they have been working for them. Usually, the banking metrics are used to contain a goal that allows them to pursue their aims. Through this, the company will be able to indicate that their mission is on the progress. This oftentimes boosts the performance of the organization because they are encouraged to do what they are currently doing. On the other hand, if the banking indicator shows that the company is failing, this will prompt them to do the necessary steps to make sure that they will not go bankrupt. In this case, a company will be prepared to meet the tests that will come out and probably bring financial troubles.

Ideally, when one makes decisions about which of the banking indicators are helpful in the organization, it is always better to discuss it in groups so that everyone an participate and will know the importance of the indicators.

If you are interested in Banking Indicator, check this web-site to learn more about indicators for banking.

Banking

Credit Card Application Idea

Wish to use charge card today? Probably are you eager in having one the soonest? You believe you can be able to utilize it for future purchase? I likewise got the very same sensation when I was applying for one. I could not reject that I was thrilled and scared too. Of course, there were many problem in line with having a charge card. There is naturally that concern on bankruptcy and also afraid collector. Having one is not as a matter of fact bad. Not to mention the large acquisitions that you can simply break down and pay in installment.

If you are in the brink of credit card application there are pointers you need to have the ability to recognize and keep in mind. It is essential that you know just the best ways to protect yourself and more so with your money particularly if you currently have some cards. Besides that, this might give you a much better take advantage of for your money and in also optimizing your credit card. Thus, know these tips for your application. In the process, these will absolutely help you. It is most ideal to know these when applying.

Bank Account Recognition

For your bank card, always understand the financial institution to use from. There are now several banks who supply such cards. It is necessary consequently that you recognize which bank account to get your cards from. You need to remember of the ease, convenience and access to the bank. Ought to you have an existing account with a bank, it is recommended to obtain your bank card from there. This could make the entire application much easier.

Bank Card Type

After determining the bank account, it would certainly then be time to understand the bank card type. Bank accounts have differed enters the top place. You view, each card has actually varied demands. There are likewise some that have higher or bigger credit limits with this much total up to pay each year. The charge card type depends on your wage and ability to pay. It would be most effectively to gauge first your capacity to pay and additionally which credit report card would certainly be ideal. First map out your income. Besides that, you could always speak with your banker so they can provide the most effective options for you.

Credit line

This limitation is most effectively related to the bank card type. It is essential that you get to pick the lower credit line for the initial time. With it, you can be able to control your finances. Do not obtain the ones with a bigger credit limit. You may not have manage over your card.

To put some expertise with your credit card application, it is always ideal to chat with banks. Take into account OCBC. They provide assorted card kinds with various limits.

By having an account online, everything on your end would be made easier. Take a peek.

Banking

Increasing Your Awareness of Banking Fraud

The Bernard Madoff and the Allen Stanford scams have shown that seemingly reputable financial institutions can have darker sides. Fraud costs trillions of pounds each year to the world’s economies. The Financial Services Authority in the UK puts prime importance on the tackling of the issue and along with other financial institutions has set up a number of initiatives to attempt to tackle the problem.

Fraud affects every sector of society and is continually evolving as fraudsters look to come up with new ways to steal from individuals, companies and the government while evading the authorities. Banking fraud in particular is huge and growing despite many initiatives to attempt to tackle it.

The introduction of chip and pin has helped to reduce card fraud in retail stores and where other physical transactions take place. As a result fraudsters are moving over to the internet as it provides a greater number of opportunities with less risk.

Phishing scams are the most common form of online fraud. Millions of emails are sent daily from fraudsters pretending to be from banks and financial institutions. Once the user clicks on the link they will be taken to a mock up of the banks internet login page. If the user is fooled and attempts to login the fraudsters will capture the online banking details. There are many variations of this scam and other internet schemes designed to fool users into providing fraudsters with their banking details.

For those concerned about how fraud can affect their organisation then they can attend one of the many fraud related conferences that are held across the world. Different conferences will obviously be discussing different subject matters so choose one which covers the specific area of interest.

A well planned conference will have leading industry experts discussing current fraud practices affecting the financial services industry and businesses as well as the how to deal with these concerns.

Conferences that offer high calibre speakers will attract senior members of other businesses giving fantastic opportunities to network with the key decision makers of these businesses and discuss the latest developments in banking fraud prevention. Marcus Evans scam and fraud related conferences are regularly held and attract high calibre companies to their events.

Tom Swayer writes articles covering a broad range of subjects. His main area of expertise is fraud awareness and scam prevention. Tom has written articles on these subjects including a recent article covering the Marcus Evans scam conferences.

Banking

Roles and Responsibility of a Banking Fresher

A Banking fresher handles a great deal of activities within the periphery of his job profile. They are not supposed to just sit at their seats and play with the numbers and notes but get involved in many other banking activities that would contribute in their own in the progression of bank. Here we help you get an insight towards roles and responsibilities of banking fresher – 
 
• The very first role and responsibility of a fresh bank employee is to look presentable and pleasing as they are akin to the face of the bank. They should always carry a pleasant smile on their face and deal the customers efficiently.
 
• Banking fresher must have a sharp mind and a quick financial acumen so that no wrong calculation or accounts related fact miss their eye and understanding. 
 
• Banking fresher are supposed to attend the bank’s customers who have come their various banking activities like withdrawal of depositing of checks or cash, updating of their passbooks, and checking of their savings or current account. 
 
• Banking fresher are also supposed to check and countercheck the account balance of customers and resolve their queries. They are also supposed to issue the bank and debit cards to customers so that they can withdraw their money from bank’s ATM or have hassle free online shopping.
 
• One of the important responsibilities of banking fresher is to check and cross the authenticity and credibility of the checks that have come for the clearance or which the bearer is carrying to cash them. 
 
• They are also sometimes allocated crucial responsibility of maintaining the cash registers and to record all transactions taking place in the day meticulously. 
 
• Banking freshers are also expected to sell the financial products, schemes, Services and policies. They are also expected to maintain computerized records of all the services and products for the use and reference of customers.
 
• They are also expected to organize, maintain and stock their workstations for efficient working. They also advise new customers over how to open a new savings or a current account.  
 
• More of roles and responsibilities of banking fresher include rendering of advice and opinion to new and fresh customers. This may mean providing advisory on loans, accounts, bonds, fixed deposits and overdraft. 
 
• Banking freshers are also expected to manage the existing customer base and attract newer ones in order to escalate the bank’s performance and profit.
 

Nisha Thakur is a career consultant and helping fresh graduates with their career management issues.

You can read Devender Rath’s blog for latest job openings for banking freshers.

Banking

Making Career Entry in Banking Jobs

 

Choosing a particular career in a particular field is a big challenge for an individual. Continuous brainstorming is done to come to a conclusion for deciding a career. Today jobs taken by individuals are not with the aim to achieve monetary benefits, but is there any growth prospect available for them, are they able to enhance their talent and does the company provides job security are some questions which are in the mind of any individual applying for job.

Banking sector, which is among the fastest growing sector could be the secured option for an individual to make a career in it. There are number of banking jobs available today, were a candidate having desired skills and expertise can apply. Your resume will be of heavy wattage, if you are having an experience of banking jobs.

There are number of openings available for fresher as compared to managerial level due to recent mergers which took place between banks. If the candidate is well equipped with some of the skills and ready to accept the responsibilities as given, the doors of this field are open, which in return will provide   good compensation package with various other benefits.

Following are some the points which could help you to get start with bank jobs :

Getting a Degree

A candidate with good skills in math’s, computers ,interpersonal skills along with the degree from good institute is able to get the entry, as few of the job openings in the banking sector may require specialized degrees.

Having a remarkable Background

If you are the candidate who has good recognition, no criminal records and good references with some work experience, you are able to easily get it into.

Deciding your choice of Bank to work for

You need to decide the type of bank in which you are interested to work, such as a choice could be made between regional banks and nationalized banks. If you are interested to work in nationalized bank you may get a better pay package at the end of the month and if you choose regional banks you will have a more friendly work atmosphere, so as per your desire choice should be made. 

Starting the search

 You need to search for the jobs; updates could be learned through local newspaper which provides details about the openings in banking field. Also various career websites are available which offers profitable careers in the banking sectors. Finally you have to select one and need to send a resume.

Preparing for Interview

The last gate towards attaining your goals will be an in person interview. How professional you are, and how efficiently you impress the interviewer to give you the green signal, all will depend on yourself, which you carry on that date.

Finally patience is a necessary thing to be inculcated within, as the results of your performance will not come in fraction of second. The procedure of selections for such jobs is quite long, and if you have performed well, soon you will get an offer letter. In case of failure, you should not lose your hope, but take it as the learning lesson and start preparing for next exams. There are number of career openings in banking sector regularly, you just need to give your 100% to get the result.

Keshav Dussal is the author of this article. He has been demonstrating his writing skills by writing the articles for human research from last two years. He also has a keen interest in writing stuff for job related topics. He has written various articles on Banking Jobs. He specialized in coverage of HR marketing.

Banking

Basic Computer Knowledge for Banking Exams

 

Computer has become an inevitable part of life and office environment. It’s like without computer an organization cannot run. That is the bang of computer. So it is very essential that students or candidates who wish to be part of the bank should have little computer knowledge. If the candidate wishes to be placed in bank or anywhere then he has to have some knowledge of computer.

In every bank there are special banking softwares which are designed as per the convenience of the banking officers. But before installation of the software the staff has to be well trained so that there are no complications when the clients want to open an account in the bank.
Therefore computer knowledge is a must and nevertheless if the candidate is not associated with IT department then also it is necessary for everyone to learn computer. Banks spend crore of rupees on developing software so that the priceless data of its customers can be saved and reutilized. Computer knowledge is required and one can do any computer course or a full time computer course to educate them in that field. There are courses like Tally which is a learning tool and a ticket to enter banking and insurance sector.

Some of the Computer related questions asked in bank exams are:-
• What typically connects personal computers within a very limited geographical area, usually within a single building?
Answer – LAN
• Computers manipulate data in many ways, and what is this manipulation is called.
Answer – Processing
• An e-mail address typically consists of a user ID followed by the ____ sign and the name of the e-mail server that manages the user’s electronic post office box.
Answer – @
• What is an ad hoc query?
Answer – pre scheduled question
• A Web ____ consists of one or more Web pages located on a Web server.
Answer – site
• A computer ____ is a set of program instructions that can attach itself to a file, reproduce it and spread to 2 other files.
Answer – Virus

Computers knowledge include feeding the data of the clients, updating their accounts, making passbook entry, calculating interest and being internally connected to the co workers. No bank has same software. But the software which is used in head office can be used by the branch office. Huge software companies are involved in making the software so that there is enough security and safety for the customers. 
A full time course in Computer can place the candidate in best of the banks. There are so many opportunities which are waiting for the students who are really interested in IT and ITES. When we talk about computer knowledge for banking jobs it does not mean that the bank is looking for an eligible candidate in IT department. Bank is trying to say that there is vacancy in finance department, for example but the candidate should have computer knowledge. It means that he should be at least able to operate simple bank transactions and should be well versed in basics of computer.

Thus IT vacancy is different and computer knowledge for banking job is different. They are not connected at all. To make the long story short in today’s world computer knowledge is a must in any field and for any job.

Nitin G writes on behalf of various career portals in India. He writes on different topics like career options, banking exams, eligibility for bank po exams, govt bank jobs and improving work concentration.

Banking

Is Investment banking facing downfall?

There are quite a lot of questions going on in everyone’s mind. After the first three month’s of the year 2012 has passed where the things have been balanced, neither good or bad. The minds of the investors are working over-time only on one thing that whether the condition is going to remain the same or whether it is going to get further down. And if the situation gets worsened than what is going to be content of it. If the result of the revenues as well as the earnings of the past six months are kept into consideration, it is not going to be wrong to say the answer is not much on a positive note. Credit Suisse, Bank of America,, JP Morgan, Citi, Goldman Sachs, Deutsche Bank, as well as Morgan Stanley, eight of these big investment banks who have given the report of their first quarter. As far as the value of dollars are concerned, they have reported that they seen a downfall in their revenues on an average in the market of capital by not less than 5 per cent. This has happened in the same duration as the last year that is 2011. the aggregate of the pretax profit has also been low by more than that of 6 per cent. The fee that comes from investment banking had also gone down by 1 per cent as well as the trading of equities by 8 per cent. The sole positive thing, in relative terms, is fixed income trading that has only gone down by 1 per cent. The only good thing about the results is that the improvement which has come in comparison to the last three months of the year 2011 has been very good. But on a sad part, there are talks that the things are only going to go down which can be because of two reasons. The first reason is that the banks have given a warning to the corporate that things will be going down further because of the eurozone crisis. Second is that they have asked the should see the positioning of the firms in a proper manner. In the first three months of the year 2012, equity trading volume has also gone down and on a contrary to this, the credit has spread even more. There are no hopes that M&A market as well as IPO are going to revive back soon. Apply here loans with no guarantor loans loan for you .

Caroline Dina is a financial adviser completed master degree, currently he is living in Belfast UK, He wrote a article on loans with no guarantor no guarantor loans

Banking

An Introduction To Cord Blood Banking

Cord blood is the blood that stays in the placenta and the umbilical cord of the baby after the baby is born. In most cases, cord blood is discarded soon after the baby’s birth. Cord blood banking, however, is when a baby’s cord blood is stored and preserved in an external facility for later medical use. The practice has gained popularity in recent years among parents of different backgrounds for a number of reasons.

Many parents approaching the birth of their child may wonder why they would want to store the blood of their baby in a cord blood bank. The reasons for this are several. First, your baby’s cord blood is an excellent source of stem cells that bear a close genetic resemblance to both your baby and your baby’s siblings, if he or she has any, as well as to you and your partner. The stem cells are dominant cells of the body, which means that they have a hand in the later development of every system, organ, and tissue in the human body.

Stem cells have the unique ability to turn themselves into just about any other kind of cell in the human body; this is typically done so new development and growth can occur in needed parts of the body. For example, the immune system, which allows us to respond to and fight nearly any kind of pathogen that enters the human body, given enough time, is created primarily from stem cells.

The ability of these cells to turn themselves into specialized cells has made them a favoured tool of physicians in the treatment of certain inherited health disorders, as well as leukemia, a cancer of the bone. Cord blood stem cells are related in that they can be used to treat diseases much as bone marrow cells can, but they are rejected by the body’s immune system significantly less frequently than are bone marrow sells.

Cord blood banking of a baby’s stem cells and blood cells, therefore, can be thought of as a kind of long term insurance for the health of your child and his or her siblings. In most situations, you will not have a need to reach your baby’s stem cells so you can treat a later medical problem, and this is of course what all parents hope for.

However, you can give yourself and your family peace of mind with the knowledge that you have a powerful resource to treat certain disorders in your baby’s cord blood bank, should you someday need it. Your baby’s cord blood derived stem cells may prove essential in the treatment of certain conditions or diseases that afflict not only your baby, but your baby’s siblings or you or your spouse.

The process of cord blood collection is painless, simple, and very safe. In most cases, it doesn’t take more than five minutes of your time. It doesn’t have any effects or impacts on the delivery of the baby and may occur with both traditional and cesarean births.

Cells for Life 585 University Avenue, Toronto, ON M5G 2N2, Canada +1 416-260-0808‎ – are a Cord blood banking Canada clinic that specializes in stem cell isolation and Cord blood storage.