Tag Archives: Services

Banking

Banking Services Qatar Financial Institutions Could Boast Of

In as far as innovation and creativity in banking services, Qatar financial institutions are not far behind their western counterparts. Similar to the banking products and services offered by international banking facilities, local Qatar banks are also able to provide their customers with banking solutions that more than adequately address their needs – most banks in Qatar, including one of the newest Islamic Banks Barwa Bank, aim to exceed their customers’ expectations in terms of product innovation and service delivery.  

Unlike conventional banks, however, the product and service offerings of Islamic banks should be Shari’ah compliant or structured in accordance with Islamic laws and economic principles. Islamic banking customers should have the assurance that their banks are handling their money in accordance with such laws and principles, and thus choose to do their banking transactions with institutions with Islamically acceptable practices that include ethical investing.  

There are a number of financial institutions in Qatar offering 100% Shari’ah compliant banking services. Qatar’s Barwa Bank is one of the newest banking institutions that offer a range of retail and commercial banking products that are compliant with Shari’ah laws. These innovative products and unparalleled banking services are delivered through a branch distribution channel staffed with service-oriented personnel and supported by a network of off-site facilities.  

Shari’ah compliant savings and checking accounts in Qatari Riyal or US Dollar currency are offered by Barwa Bank to its customers with added banking services to include unlimited withdrawals, free statements, electronic banking access, and monthly profit payments. On the other hand, those who wish to enjoy attractive profit rates on the car or home financing could apply for Barwa Bank’s quick and easy car or home loans with low processing fees and absolutely no hidden costs.  

Availing of high quality and unparalleled banking services need not be constrained by restrictions and economic principles as governed by Islamic laws. Even with banking products and services that are Shari’ah compliant, banks like Barwa Bank are able to provide their customers with the kind of banking products and services they deserve. To take advantage of the attractive benefits these products and services could provide without straying from Shari’ah, banking customers could simply visit any one of the Barwa Bank’s branches or call their 24/7 customer service hotline. Prestige Banking customers of this Islamic banking facility will also enjoy the services of a prestige relationship manager to assist in all aspects of their financial transactions. For anytime, anywhere access to banking services, Qatar’s Barwa Bank also has an online banking facility that banking customers can log on to anywhere there is internet connection.

If you are interested in banking in Qatar then Barwa Bank could be the right banking choice for you. They offer high quality business banking in Qatar.

Banking

New banking services that appeal to the younger generation

The economic fall-out has caused many Americans to take an “entrepreneurial” approach to earning money. That is, they have had to think outside of the box, employing alternative mind-sets to that of paid office and factory workers.

 

School-leavers, the unemployed and the self-employed spend most of their days hunting jobs or “new business”. They don’t have the time or money yet, to view “branch banking” as a necessity. Waiting, indeterminably, in a long line to see a Teller can be very frustrating, especially for a self-employed person whose valuable business hours are ticking away.

 

This new colony of young freelancers, entrepreneurs and self-starters are more interested in the  products and services that will enhance their businesses, such as: high-yield, interest checking accounts, and the newest portable devices. These people don’t normally have cash flow, but will readily put aside the funds necessary to purchase the latest in Smart technology, if they believe their businesses will benefit.

 

This has opened new “avenues” for banks, like Texas Gulf Bank; to promote  traditional services like high interest checking accounts to this “demographic- on the move”: the young professionals, by using mobile banking technology.

 

Mobile banking is a relatively new technology that allows customers to carry out cash-less transactions from their mobile/Smart phones. There would be no need to come into the branch and speak to a representative as the selected mobile banking technology (which can be stored on the phone, or run over WAP) is capable of handling all queries adequately and confidentially.

 

This new bank service should be the perfect match for the fast-paced lifestyles of these young, up-and-coming professionals. Though 80% of American households have Internet access, less than half that amount use this facility with any consistency. With more predicted to join the ranks of business start-ups, even less individuals will have the time to do their banking online. This is what makes mobile banking so ideal.

 

Along with their high interest checking account Texas Gulf Bank will also give new and existing customers access to other types of bank accounts, through their mobile phones. Customers will also be able to do the following transactions: check their balance, pay bills, funds transfer, and receive text alerts. There are also GPS capabilities: customers will see maps, showing them to the nearest ATMs and branch offices.

 

Mobile banking is a convenient and smart way for business owners to access their bank information; and for banks to get to a new stage of capital growth. This service definitely has appeal for the younger generation who never before understood the value of opening high interest checking accounts, but will now have the opportunity thanks tothe availability of mobile banking through Texas Gulf Bank.

Ray Subs is a public relations consultant and a regular contributor to this website.

For more information on high interest checking accounts available through mobile banking, please visit: TexasGulfBank.com

Banking

Dubai Offshore company banking services – Jumeira Consultants

Dubai is one of the ideal places to set up a business or to look for individual business opportunities. If you are planning either of these, then you may have to open a bank account in Dubai for your transaction needs. Unlike most other countries, it is a simple procedure in Dubai. All you need are a few documents and proofs.

Operating an offshore bank account is simply carrying out your banking activities in a location other than the one in which you live. Individual and corporate account holders may have different reasons for opening an offshore bank account .Most general and popular reasons being tax saving requirements and multi currency loan requirements.

Another common reason for operating and offshore bank account is the flexibility that accompanies such an account and expatriates can benefit in a huge way from an offshore bank account as allows them to manage their international financial commitments easily. The latest free zone, Dubai International Financial Centre (DIFC) is flexible and unlimited offshore banking will become much easier.

Many large banks have offices in Dubai .All the banking activities in Dubai are regulated by UAE Central Bank and they impose many restrictions on foreign banks. Some of the restrictions are

a) Foreign banks are not allowed to have more than 8 branches

b) Any commercial bank operating in Dubai must have capital available of at least Dh 40 million. .

As the DIFC free trade zone will be governed by an independent regulatory authority, it assures financial sector organizations, more legal independence and fewer trade restrictions will be implemented on banking and financial institutions. Many financial institutions are to be granted licenses to trade within the zone and the DIFC will attract many companies in the financial sectors worldwide to promote offshore banking.

The offshore banking facilities in Dubai free zones have comprehensive laws to ensure transparency and to avoid money laundering .The laws also cover international economy compliance factors .The free trade zone is basically being designed to allow financial institutions to work and grow without limitations and restrictions such as taxation burdens, reporting requirements and stringent laws and rules.  The offshore banking sector in Dubai has already seen a growth in bank deposits following the introduction of the EU Savings Tax Directive. Many of the more traditional offshore centers do not offer many incentives to the banking sector as much as in Dubai .So it is becoming one of the most popular destinations for offshore banking.

Jumeira Consultants is able to offer clients assistance with all aspects of offshore company formation, business setup in dubai, business setup in uae free zones.

company formation in dubai

Banking

ICICI Bank Adds New Mobile Banking Services

ICICI Bank Ltd, India’s largest private sector bank announced launch of exclusive services on its mobile banking platform. The bank now boasts of widest range of mobile banking services for its customers. ICICI Bank customers can now sms IMPS to 9222208888 – from their mobile phones and transfer funds instantly and round the clock. This is facilitated using the Interbank Mobile Payment Service (IMPS). In another new service launched this year, ICICI Bank has enabled its customers to recharge any prepaid mobile phone in 3 simple steps, just by sending an sms MTOPUP to 9222208888.

Customers can also avail these services of Instant Fund Transfer and Prepaid Recharge by dialing *525# from their mobile numbers registered with the bank.  This option of *525# is currently available for the customers on select operator networks only.

As extension of the *525# service, customers can now pay their insurance premiums by simply dialing *525*11#. Currently this service is available for ICICI Life Insurance customers. The Bank plans to add more insurers soon.

With the launch of these services, ICICI Bank continues to stay ahead in adopting latest technology innovations for customer convenience. Its flagship mobile banking application, iMobile, launched in 2008 and available for iPhone, Android, Blackberry, Symbian and other major mobile platforms, now also allows customer to book tickets – rail, air and movies – through their phones. More details are available on the bank’s website www.icicibank.com

The Bank has also been a front-runner at promoting and implementing the Interbank Mobile Payment Service (IMPS). Over 16.5 million customers of the Bank have been issued their MMIDs (a 7-digit number required to receive money through IMPS). The communication technology used for mobile payments ensures that no data is stored in customer’s phone and data transfers are adequately encrypted to prevent risks of misusages. These services can be accessed from all kind of handsets- basic phones as well smart phones.

Mr. Rajiv Sabharwal, Executive Director ICICI Bank said “ICICI Bank has always focused at customers by making banking products safe and convenient.  The bank will continue to offer similar services which are safe and simple to use for millions of our customers who may not have access to internet. IMPS is poised to revolutionize the payments landscape. He further added that there is a greater need for interoperability to make cheques and even cash redundant in the next 3 to 5 years and IMPS will be a convenient instrument for payments and collections even for businesses”.

Mobile Banking Services in India – ICICI Bank is India’s second-largest bank with total of Rs. 4,062.34 billion (US$ 91 billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million) for the year ended March 31, 2011. The Bank has a network of 2,548 branches and about 7,440 ATMs in India, and has a presence in 19 countries, including India.

Banking

UCO Bank is the Best Option in Banking Services

UCO bank was formerly known as United Commercial Bank. This bank is a brain child of Sri. Ghanashyam Das Birla, who was an industrialist. This came to be established as United Commercial Bank in 1943 with head office at Kolkata.

UCO bank became a nationalized bank along with other banks in 1969 by the Government of India. The name was changed from United Commercial Bank to UCO bank in 1985 by an act of Indian Parliament. This was because a Bank with the same name exited in Bangladesh. This caused problems with international banking, which was the reason for changing the name of the Bank. At present the bank has more than 2200 branches and four overseas branches. All the banks with established clientele would require IFSC Coding. UCO Bank IFSC Code is helpful in making Electronic transactions. IFSC code is a must for any NEFT, RTGS and on line banking transactions. The IFSC codes of all the branches of UCO bank are available on the internet. The bank offers all the facilities to the customers like savings, loans and deposits. There are Savings Bank accounts, Current Accounts, various deposit options available. The bank lends loans for housing, personal, vehicle, education and other purposes. The bank has mobilized good amount of deposit and has a very good client following. The service provided by the bank is good. It has branches at all major places in India to cater to the needs of its clients. There are different offers on deposit schemes and ensures good interest rate for the deposits. UCO bank is providing very good service to the citizens and UCO Bank IFSC Codes are making transactions easier for the customers. With all the facilities on hand, it is one of the leading banks in India.

UCO border was formerly known for the reason that tied money-spinning side. This count is a brain child of Sri. Ghanashyam Das Birla, who was an industrialist. This came to be confirmed as unitedcommercial border in 1943 with leader place of work at Kolkata. UCO edge became a nationalized boundary in line with other banks in 1969 by the Government of India. The name was corrected fromcoupled gainful bank to UCO rely in 1985 by an act of Indian legislative body. This was since a bank with the same name exited in Bangladesh. This instigated difficulties with broad-based banking, which was the bring about for varying the name of the edge. At existing the bank has more than 2200 branches and four overseas branches.

 All the banks with introduced associates would call for IFSC Coding. UCO edge IFSC Code is effective in making Electronic transactions. IFSC code is a require for any NEFT, RTGS and on domain banking transactions. The IFSC codes of all the branches of UCO perimeter are available on the internet. The side give all the amenities to the viewers require savings, loans and deposits. there are Savings boundary files, contemporary causes, various coatingpreferences offered. The depend lends loans for space, privileged, automobile, education and other reason. The side has mobilized best degree of deposit and has a very respectable client following.

Theprovision presented by the count is genuine. It has branches at all top points in India to provide the needs of its patrons. there are different put forward on deposit schemes and guarantee correctspecialization price for the deposits. UCO depend is granting very decent benefit to the public and UCO border IFSC Codes are constructing transactions easier for the viewers. With all the provisionson hand, it is one of the major banks in India.

For more information on UCO Bank, check out the info availables online; these will help you learn to find the UCO Bank IFSC Codes!

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 Role of Banking Services in India

Bank is financial institution which plays a very crucial role in the economy of any country. Since banks play very crucial role in the economy they are highly regulated. In India RBI (Reserve Bank of India) regulates the other banks operating in the country.

 

Banking Service in India

 

Banking services in India are now going through a phase of improvement. With globalization and liberalization, many of the big names in banking industry have started their operations in Indian banking market.

 

These International banks have really helped in improving the customer services in the Indian banking system. Now with increasing competition amongst banks the services are improving; now bank is not all about depositing, withdrawing and lending the money; they have started various customer centric services.

 

The banking services are now far better and quicker; with the prevalence of services like internet banking one can access the account at any point of time from any location. Now customer get lot of privileges from banks like Internet banking, ATM cum Debit Card, Credit Card, locker facility, Forex Services, 24×7 Customer Support Services, various lending and financing schemes.

 

Indian banking sector is divided in to two major section government owned banks and private banks. The major share of the banking market is been hold by the government owned banks. SBI is the major and the largest bank in Indian banking sector as far as the government owned banks are concerned. Sate Bank of India has the largest share in the Indian banking market. It has multiple branches across the country. The advantage that SBI carries that it has its branches even in rural and remote areas.

 

The private banking sector has really improved the banking services in India. The private banks have given whole new definition to the banking services. Customers are now experiencing the new level of customer services from these banks. Private Bank provides better and proactive information about banking products, which helps the customer to have better understanding of their accounts and investments.

 

The banking services are also seeing some major changes. Various stringent rules are implemented for banks to render services. RBI the Indian regulatory bank keeps on issuing regulatory guidelines and new frameworks to ensure quality and safe banking services. It has also introduced the norm KYC that is Know Your Customer policy. This policy requires to verify various personal information related the applicant some of them are the address proof and the identify proof of the applicant.

 

Banking services also play an important role in business industry as they provide finance to various business industry and firms. Banks have introduced various easy finance scheme which help firms to get the monetary help to run the business.

 

Banking sector has become very large and important sector. There are several tenders and procurements notice floated banks. You can get free access to Bank Tenders at Indiamart. Indiamart brings you tenders and notification information from banking sector for absolutely free. Various Bank Tenders including tenders of top government owned bank Allahabad Bank Tenders, Bank of India Tenders, Bank Of Baroda Tenders can be accessed at Indiamart.

IndiaMART has made the access to Indian tenders database absolutely FREE. IndiaMART Tenders Notification Service keeps you abreast with latest information on tenders being floated by government from all over India. We provide access to over 50,000 live Allahabad Bank Tenders, Bank of India Tenders, Bank Of Baroda Tenders

Banking

Mobile Banking Services – A Glance

M-Banking is nothing but Mobile banking, also known as mbanking and SMS banking. Mobile banking is the availability of banking services through the mobile devices.  Nowadays, due to rapid growth of IT industry and the continuing evolution of the banking industry, banks have started to provide the mobile banking services to their customers.

Quite a lot of banking software companies has been involved to bring out the mobile banking solutions to banks, credit unions, community banks and financial institutions. In earlier, mobile banking services were offered over SMS only, but nowadays, mobile banking has been done via SMS or Mobile web. Rapid growth of iPhone and Google’s Android are the top two mobile banking devices used by the bank customers. Mobile banking can offer variety of common services such as the following:

1. Fund transfer.
2. Checking the current account balances and mini-statements or checking account history.
3. Bill payments such as mobile bills, Current bills, utility bills, pay credit card bills and so on.
4. Stop cheque request and request a cheque book.
5. Insurance policy management.
6. Pension plan management.
7. Blocking of lost or stolen cards.

Advantages of Mobile Banking

Mobile banking offers the convenient banking options. Mobile banking is always ahead of traditional online banking. In the case of online banking which requires an internet connection but mobile banking, we can use it by establishing the connectivity from virtually any area of the country. With the use of SMS text alert, bank members can avoid the late payments and cuts down the extra charges. Mobile banking can make transfers anywhere at any time and No human interaction needed for any banking transactions, The well known fact about mobile banking is an extremely intelligent and handy service also we can say it as time saver.

Apart from the customer’s point of view, mobile banking services have some business benefits. It can send timely information to various customers in a very secure environment and helps banking institutions to enhance customer experience so that they can gain more customers. It sends the promotion information, interest changes and more vital information in timely manner without time delay.

Reputed banking software companies are available and proving mobile banking solutions to banks. It is to accept banking made easy with mobile banking.

Bank-Companion.com is the leading mobile banking platform compared to the Banking software companies. It enables banks, community banks and credit unions to provide their customers with 24/7, anytime anywhere banking. The result is a secure and scalable platform that helps your organization to increase loyalty, acquire new customers, cross-sell products plus much more.

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

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.