Tag Archives: Banking

Finance

Asset Finance Is The New Banking

Salford Quays, Manchester is the new home of BBC North. Media City was developed by the Peel Group and is not just the northern home of BBC productions with programmes such as Dragon’s Den, Songs of Praise, Blue Peter and Match of the Day being produced there, it is the home of Coronation Street. Media City will also house the University of Salford, New independent production companies, high definition camera manufacturers together with retail and leisure outlets and apartments.

The move of much of its high-profile programming by the BBC to Salford Quays together with the significant bolt-on additional businesses will bring more and more investment and jobs and wealth to boost the economy of the North West.

Sustaining these many and varied businesses and attractions will have significant impact on other employers and jobs in the region. The supply of food products, printing and design together with maintenance and support jobs alone will bring significant benefits to the region, let alone its direct impact to Salford and Manchester.

With all this development comes the need for an endless supply of equipment. Not only will there be an on-going need for media production plant, there will be a huge need for catering equipment, IT equipment, printing plant, furniture and much more besides.

In a recession with a constant demand for the banks to be more supportive the need will be for entrepreneurs to be more inventive in ways of funding the potential that has landed on their plate.

More than ever before, asset finance is playing a vital role in funding equipment needed to run and expand businesses. Whether it is hi-tech instrumentation to build the latest HD production equipment or whether it is catering equipment to feed your favourite soap stars people are looking to equipment leasing to fund the assets to make profits for their companies. The fact that equipment finance is now such an integral part of business ‘banking’ is of major importance to Salford Quays and the whole of the North West. The more we become less London-centric the more the whole country can drive us into a prosperous tomorrow.

Kirk Smith, MD of Armada Finance a UK asset finance company which provides funding for equipment to new starts and established businesses in all sectors.

Banking

Off Shore Services: Perfect Banking Options

You might be trying to find out the best methods using which you will be able to safe guard your assets and your hard earned money without facing any issues. There are many options actually in front of you but most of the people might not be ready to accept these options due to various security reasons and the laws that are prevailing in ones country. You might have at least heard about the facilities provided by certain banks to open an account in foreign countries wherein Swiss bank account can be considered as one of the most famous one that is widely accepted by the people around the world.

Most of the people might be even thinking about investing in other countries but you will have to definitely check with the political conditions prevailing in one country before signing the agreement as it determines the security of your assets without facing any kinds of issues with the passage of time. Switzerland can be considered as one of the most famous countries located in the European territories wherein the political and the economical conditions are almost stable without facing any kinds of issues with the passage of time. There are many people wondering about the confidentiality of the deals and these can be easily carried out without facing any issues with time.

Also you need not have to worry with respect to the distance as the banking can be carried out with the help of internet using the secured banking websites wherein identify breach will never happen. You will be getting all the up to date information with respect to your account and also you might be really surprised to know about the interest rates that are being offered by the banks to the customers even for the savings accounts. It is also easy for you to move on with your ventures in the international markets if you are opening an international bank account wherein the money can be used without facing any issues any time irrespective of your location. There are even many options present in front of you while selecting the right bank account rather than getting hold of the most common savings account and this can be known only after discussing your requirement with the bank personals directly on time.

Offshore Services is a Swiss based leading company that offers offshore company formation and swiss bank account services online. Please visit our website to know more details.

Banking

Banking Online On Your Computer

Banking online on your computer is a convenient way of doing your banking. It has been growing over the years as more people adopt this way of conducting their banking. It has many benefits and very little disadvantages overall. Emergency situations such as immediate transfers of funds can be done immediately without having to rush out at inconvenient times of the day. Activities such as paying accounts are also simplified and conducted in a manner that is easy to track at any time the need arises.

This allows a person to do their banking in a manner that suits their time and convenience. You do not have to struggle with long queues at the branch because you can simply connect to the internet and start working. The inconvenience of travelling is also eliminated which also leads to saving money in the form of saving on petrol.

This activity can be performed from anywhere in the world at anytime of the day and allows a person to pace themselves and incorporate this activity into their routine. A home computer allows you to do this from the comfort of your home in a relaxed and calm manner. A laptop allows you to do this at regular intervals that are convenient to you especially if you travel frequently.

There is an unlimited array of activities you can perform on the account without too much restriction. One of the few things you are unable to do is sign any paper work that might need to be signed. However you would be able to do most of the things that people who physically visit the branch are able to do.

Using your own computer ensures that confidential information is protected because you are the primary user so you can decide who else uses it. You have unlimited access to it because as the owner you are free to use it whenever you want to. Hence you will not have to deal with the inconvenience of waiting in line for your turn to use it.

The wear and tear on the machine is also reduced because it does not get subjected to heavy use. This limits the possibility of it breaking down or malfunctioning which might prevent you from accessing your account when you need to. Hence this will help with dealing with emergency situations that need immediate attention.

One is able to check and update their banking and other details if they need to. You would not have to necessarily wait for an opportunity to physically go to the branch to perform this activity. This helps expedite the process and eliminates the anxiety of waiting for an opportune time to visit the branch.

You are also able to track any activity that might have taken place in your account. This is handy because should you suspect that any unauthorized activity might have taken place you can check immediately. You can spend relaxed nights at home or wherever you might be knowing that your account is secure.

Global Financial institution offering commercial and personal banking services including online banking, credit card, loans, business plan advice and more.

Banking

Getting A Job In The Uk Banking Sector

Banking is one of the most sought after sectors where people want to apply for jobs. If you are looking for a job in the UK banking sector you should be prepared for tough competition and a long recruitment process. Banks often have hundreds of candidates for the same job and therefore you need to make yourself stand out from the crowd. The banks usually ask candidates to take a competency assessment test, two rounds of interviews, minimum, and the whole process has been known to take up to 6 months. Applying for a job in the banking sector you will need to have the right mix of strong analytical and banking skills. The idea of service is prominantly highlighted by the banking industry and service is the TOP ingredient of success in this sector. A high school diploma or equivalent is the most common educational requirement for the more junior roles.
So those looking for jobs in this sector should brush up their skills by following some tips which are given below to achieve what you want and more importantly what your dream career will be.
First of all there are two methods to apply for jobs i.e. via an agency or directly to the employer. Please note it is not advisable to pursue both at the same time, this just causes confusion and quite often will be detrimental to your application. Adopting the agency method has the benefit that an agency will be working closely with the banks thus knowing both current and upcoming vacancies available. If an advertised vacancy does not prove to be suitable, your recruitment consultant will perhaps be able to recommend an alternative position where you may be able to apply. An agency has more contacts and gets interviews arranged for you by approaching the institution/business on your behalf. They will inevitably help to bring out more avenues as they work very closely with the hiring managers and have one goal, high customer service to the client and candidate.
Those who prefer to apply directly to the institution can do so by searching for relevant ads in the newspapers, online job search engines and corporate websites. However, the drawback is that the whole process of searching and then applying may take a long time. Also you may apply online for the job. In the field specific to banking, there are specialized websites that house only bank-related jobs. Quite often with this method, your CV will be processes internally by an admin assistant and missed for other relevant vacancies. This will never happen at Agency level they have ATS Applicant Track Systems which track your CV and suitably for current/live vacancies on time every time. Plus, your consultant is aware of your skills and will keep you informed.
The next step is to prepare an effective CV as it gives the first impression about your skills, achievements and personal attributes which can often influence the employer in deciding whether to call the candidate for the next stages or not. Your CV should be created in a format that is easily readable. (See www.cvgen.co.uk) It should be updated with all your achievements properly listed in positive manner.
Finally the interview, which is dependent to a large extent on the skills of the candidate. You should be able to present yourself in the way the Bank wants you to be and convince them of the skills and positive attitude you can bring. Bank management will want to hire a candidate who is knowledgeable and who can add value to their teams. So, prepare yourself to be the one they are looking for!

McBarron Wood is a leading specialist Financial Services and Accountancy Recruitment outsourcing and talent management company utilising new generation recruitment software to supply the BEST Finance & Accountancy staffing solutions across the UK and Internationally.
Please Visit Our Website : http://www.mcbarronwood.com

Banking

How To Master The Investment Banking Interview

 

 

You need to make the most of your investment banking interview which (hopefully) you have obtained through your successful networking.

 

The first interview is generally a “fit” interview. This involves meeting two people from the firm which lasts 30 minutes. It is important to be aware that technical questions about the industry may be posed. They primary things that the interviewers are testing for include personality, how easy you are to talk to, and generally how you conduct yourself during the interview.

 

Second rounds generally involve meeting more people, and this can be three or four from the company. Technical questions are very likely at this stage. Again, personality is important because the interviewers will consider both your technical capability as well as your “fit”. Given that there will be a lot of interaction – up to 80 or 90 hours a week, the interviewers would like to ensure that the working relationship, both ways, will be pleasant.

 

Success at the second interview will generally result in an offer. It should be stressed that to succeed, your personality should shine through. It is advisable to bring up personal anecdotes after a clear statement which addresses the interviewer’s question. You need to engage with the interviewer. Building up a rapport is very helpful, because if the interviewer likes you, he/she is more likely to hire you. Being positive and radiating a warm and helpful personality is therefore important.

 

Intense preparation for the interview is paramount for success. There is a plethora of books relating to the investment banking interview. Study them. Be completely aware of all the standard questions and acceptable responses to each.  Study cards can be very helpful.  Use them.  Know each card inside-out, backward & forward.  You should be able to recite the answers before your go to sleep and first thing in the morning.  You want to be in this industry; therefore preparation cannot be understated.

 

To sum up, it is important to focus on three things for an investment banking interview.

Firstly, preparation – the technical aspects are important. They do impress.  Preparation will be the key to your success not only for the interview but also on the job.
Secondly, be personable. Being genuine counts for a lot.  The interviewers are sharp, they can tell if you are fake. 
Finally, a positive mindset will do wonders.  Who wants to work with a negative person during the long work day?

Erin Parker is the brilliant and successful author of this article, read more of Erin’s advice and other investment banking experts at Guide To An IBanking Internship. About the author – Erin Parker is an economics student at Stanford University. She has had three investment banking internships spanning UBS (private wealth management), FT Partners (financial technology coverage), and J.P. Morgan in New York (syndicated and leveraged finance).

Banking

IT Support Services to Banking Sector

With the other industries the banking industry is also growing at a significant good rate today. The main reason behind this is the use of the latest technology tools. In the olden days banking was done on paper but now it is done electronically with the help of computers. Many IT Support Company are giving their IT services to the banking sector.

It has been observed during the last few decades that IT infrastructure services have been taken by the banks and other financial institutions. In the early 80s the banks started to make their branches computerized and were purchasing the software packages. In the early 90s replacement of the computer systems with the inexpensive and latest technology powered PC’s began. Information technology opened up the way for the banks to make their products sophisticated, diversified and adopting new techniques and make better market infrastructure. The internet has become the remote channel of communication between banks and its customers.

The E-Banking came to the United States of America and the United Kingdom in between 1020 to 1030 and now India is also following it. Most of the banks have made their services based on these technologies and equipments which are offered by many IT support companies. Now the customers can view their account summary, status, receipts, transaction records, can make online funds transfer and many more online options like these. Undoubtedly today banking has become more fast and easy and the customers’ expectations are also increased. Now the customer needs not to have its account summary on registers because everything is now online with the advent of the internet technology which is providing many benefits to the customers as well as the banks.

A customer can take his cash fast and easy with the use of an ATM machine. He can use his debit or credit card for purchasing purposes. He can use e-cheques, mobile banking, telephone banking and internet banking for remote transactions. He can also make payment transfers when the bank is closed. Easy to keep an eye or monitor the account status. It is cost effective for the bank because thousands of customers can be handled at a time and no need to use so many clerks.

We can say that technology has always played an important role in the growth of financial organizations and banks. It has shortened the paths of long transactions to smaller ones. It is giving proper service quality and satisfaction to the customers.

Khalid Kamal, working as a DBA in ProVal Technologies. This IT Support Company is providing the IT infrastructure services for small & medium business in UK & USA.

Banking

Recruitment in Banking Sector for the post Of Bank PO and Bank Clerk

The Banking Sector, as we all know has been growing at a tremendous rate. The Government has done commendable job in opening various public bank branches in almost all parts of the country. This has made life much easier for the public and made financial security a much accessible term in their lives. Banks stand as a witness of trust and faith that the people have shown in teh government in all these years. The government keeps implementing new strategies for making lives easier for the public while elevating the standard of living simultaneously. Bank provides a large number of job opportunities for the people, and aims to build a strong team of bank personnel to provide better services for its customers. Such two jobs offered by the banks are of the Bank PO and Bank Clerk. These two jobs are high profile jobs and every year thousands of candidates apply for these posts. However, this year, IBPS (the largest recruiter for banks) has introduced a new plan for Bank PO recruitment. In 2011, CWE (Common Written Exam) will be conducted for the first time which would aim at large scale recruitment.

Bank PO Recruitment:
Bank probationary officer, i.e Bank PO, is a highly coveted job in the banking sector. After clearing the bank exam and interview, the chosen candidates undergo a probationary period. This period consists of two years where they are trained regarding their work in the bank.

Institute of Banking Personal (IBPS) is a recruiter for the banking sector. It recruits individuals for various posts. However, in year 2011, it has come up with the CWE (Common Written Exam) which would be a single exam recruiting for 19 public sector banks in India. This has made recruitment a much easier process for the post of Bank PO, where thousands of applicants apply for the job.

Bank Clerk Recruitment:
Just like, Bank PO, the post of a bank clerk is also very popular amongst the crowd.
Factors like, a good income, job security and exciting additional perks make this job a very tempting opportunity to grab.

There are various kinds of clerks on different levels that perform different functions. There are loan clerks, new account clerks, investment clerks etc. Keeping in mind certain qualities, candidates are recruited in different branches of the post of clerk. For example, a person with good logical and mathematical skills would be given the job of maintaining records, on the other hand, a candidate with good communication skills would be given the task to deal with the clients.

Thus, bank clerk and bank are two challenging jobs which are highly competitive in nature. In order to get recruited in any of these posts, one has to prepare well and not confine to merely textual knowledge.

 

If you are looking for Ibps recruitment then read articles related to IBPS PO Recruitment 2011 and ibps clerk recruitment 2011 on jagranjosh.com

Banking

Banking Jobs – How To Succeed In Banking

Banking jobs, especially investment banking jobs are very much in demand. Every young kid who is good with figures wants to be an investment banker. Why? This is simply because investment banking is one of the most lucrative jobs around! But we all know that it takes time and dedication to succeed. You need to start off with entry level banking jobs just like everyone else!

Some Job Profiles

Having said that, I must tell you that investment banking is not the only banking job around, there are different types of banking jobs, but it is not surprising that about 67% if the total banking jobs are those of a bank tellers. Some important job positions in a bank are:

Bank Manager The man who runs the show. You need to supervise the daily operations of the bank and find out whether bank employees are doing their work as planned.
Accountants If you are good with accounts and are qualified, you can become an accountant with a bank. This job is an important one because the work done by an accountant or rather, a team of accountants is presented before investors, tax authorities etc. and determines the financial standing of the bank.

Financial advisors- As a financial advisor, you will be making recommendations and suggestions to people who are clients. This is a very important job and also one which holds great responsibility.

Banking Job Tips

Banking careers are undoubtedly one of the most promising fields, but in order to succeed, you should keep a few things in mind:

Research Be aware of all the latest goings on in the business world. If you dont know about the latest happenings, then you wont be able to raise money for your bank or clients. After all, it is your responsibility to ensure that people are making a wise investment. It cant be taken lightly, now can it?

Networking Banking careers, almost like every other field have become synonymous with networking. One cant get anywhere until they establish all the right contacts. So get to know people. Attend gatherings, parties to-dos etc. Anything that will get you in front of people from your field!

Fees As an investment banker, you need to do some research before you quote your fee. Try to ensure that you get back a good amount, as compared to what you invested in the first place.

Dedication Everyone knows that you cant succeed in any field without dedication. This is especially true for banking jobs. You have to devote all of your time to the service of the bank and to clients. If you are an investment banker, you will have additional responsibility. People will want to know from you how they should spend their money, dont disappoint them!

Mortgage banking jobs are also quite interesting. So if investment banking or being a bank teller is not your thing, you can always go in for this job. There are various types of banking jobs, take your pick wisely, make sure you are equipped to handle your office!

To learn more about banking jobs and to search through thousands of career listings, please visit http://www.EmploymentCrossing.com/lcjobtypelisting.php and sign up for a FREE trial today. Silas Reed, Writer for EmploymentCrossing, writes articles that inform and teach about different job tips and career advice.

Banking

Taking Banking to the Next Level: Convenience Banking

The term ‘Convenience Banking’ has become pretty popular these days with the development of the communication industry in this information era. Convenience Banking refers to the ease with which banking operations can be carried out from anywhere on earth with the access to the internet or to telephone. Any business person or an entrepreneur would like to have access to his finances round the clock and through the year. Convenience Banking promises this and much more.

The term ‘Convenience Banking’ has become pretty popular these days with the development of the communication industry in this information era. Convenience Banking refers to the ease with which banking operations can be carried out from anywhere on earth with the access to the internet or to telephone. Any business person or an entrepreneur would like to have access to his finances round the clock and through the year. Convenience Banking promises this and much more.

Global Debit Card:
Convenience Banking brings dexterity to banking offering facilities such as phone banking, online banking and the glamorous feature, the Global Debit Card. This keeps one the access to his accounts despite wherever one’s destination is and keeps him free of the tense to carry out his transactions even when he is on the move. All you need is a savings account with the bank and you are given the power to control your money anywhere through the Global Debit Card. A Global Debit Card grants access to the ATMs throughout the world and comes in very convenient while travelling through countries easing the way withdrawals were made. This takes shopping to a new level, enabling the user to exercise maximum comfort.

Online Banking:
Online banking reduces the necessity to visit you bank thus saving time and money spent on the visit to your bank. Imagine this if your nearest bank is pretty far and your access to travel is limited. Besides this, online banking ensures banking round the clock only with the basic necessity i.e. the connection to the internet. In a matter of minute or even seconds, your bill payments, transactions, enquiries and transfer between accounts can be done without any trouble or to having to wait till your next visit to your bank. In addition to the transactions that can be carried out with your money, some banks do offer opening demat accounts helping you to trade commodities on the move with just access to the www.

Telephone Banking:
Simplifying banking furthermore is the Telephone Banking facility. With telephone banking, banking operations can be carried out over the phone in a personalized style. Most banks enable you to access your accounts through the day and through the night. The facilities offered are very much same as that offered by internet banking and you will always have support to the customer service department administered by the bank. This makes banking even easier than internet banking as only a telephone connection is required.

The only significance is to look for a bank that avails all these facilities. If your bank doesn’t offer you these facilities, well, it’s time to change your bank that provides you freedom.

Vijay K Shetty, Platinum Level Author.
Get more information on Convenience Banking, Bank Checking Account

Banking

Difference Between Islamic Banking And Conventional Banking

ISLAMIC bankers, caught between scholar and layman,devote much of their time to educating an often skeptical public about the authenticity of their products. Time well spent.The purgative effects of ridding the Islamic financial sector of pretenders (and there are many) at the hands of an educated consumer are obvious.Too often,however,this education-al process is long on theory and short on practical relevance.

Perhaps the easiest way to determine whether Islamic banking is true to Qur’an,Sunna and customer is to see how it actually works in practice.The Islamic banking discussed here is the same one that earns consensual acceptance from the field’s leading scholars of the traditional schools of jurisprudence.And while unscrupulous banks do exist,increasing market regulation and customer sophistication ensure that those Islamic banks that are truly Shari’ah-com-pliant lead the industry.By learning the basics about these banks,individuals will be better able to stand their ground when not-so-Islamic bankers push non-compliant instruments in the name of Islam.

At the outset,though, it is necessary to emphasize two important points.First,just because an Islamic product and a conventional product are identical does not render the Islamic pro-duct impermissible.As obvious as this seems,it is an argument detractors often use to discredit Islamic banking.The vast majority of Islamic financial instruments bear a strong resemblance to their conventional counterparts,particularly equity-based ones (see “In Your Interest”,Islamica,winter 2003). What distinguishes them from conventional instruments is usually nothing more than a set of processes,which leads to the second point.

In Islam,the difference between whether something is forbidden, offensive,permissible,recommended or obligatory usually depends on a validating process.Two couples,one married the other unmarried,may look the same, but the agreement of a simple marriage contract makes the one Islamically valid and the other not.Two hamburgers,one using Islamically slaughtered meat the other not,may look the same,but a simple process makes one valid.So too,two financial products,one Islamic the other not,is differentiable by a set of steps:ostensibly cosmetic,Islamically defensible.

The following are among the most commonly asked questions by customers new to Islamic banking (ordered in increasing degree of complexity).

There was no Islamic bank during the Prophet’s (Allah bless him and give him peace) time,so how can there be Islamic banking now? Sounds like a bid’a (innovation)

Microchips,potato chips and Islamic banks are examples of permissible things for which the Prophet (Allah bless him and give him peace) gave us no specific guidance.Rather,he forbade us from engaging in blameworthy innovations (bid’a) that would contravene the Islamic Sacred Law (Shari’ah),rather than from new things that possess no intrinsic blameworthiness.The bid’a is in the blameworthiness,not in the newness.

Admittedly,some Islamic banks do carry out impermissible transactions,but that implicates the entire field of Islamic banking no more than the sins of a few Muslims incriminate the entire Islamic community.

As for the claim that Islamic banking is just part of the “system” and is therefore best avoided,is to put one’s head firmly into the sand;romantic anachronists need not apply.As long as Muslims,money and capital markets co-exist,there will always be a need for Muslims to put their money into some kind of a market (even a little money in a checking account circula- tes into global capital markets).The question Muslims should really be asking themselves is:What now? Whether they would not rather keep their money in the most Islamically acceptable manner available to them given the options.And while new customers might be forgiven some level of healthy skepticism,we should all under- stand the limits of our own unqualified ijtihads1 when declaring something a bid’a.

To get more knowledge about islamic banking courses and other factoid,visit the islamic finance courses site.