Online Finance Solution and Tips for all

Tag: Business

  • Anthony Constantinou Describes Fintech in Simple Words

    Anthony Constantinou Describes Fintech in Simple Words

    Fintech is used as an abbreviation for Financial Technology, and thus, very clear from its own term that technology used to make finance and financial operations easy and user-friendly. In its core, Fintech is to serve multinational companies, small businesses and other consumers to manage and process their financial operations in a much better way by using specialized and advance algorithms and software on computers, laptops and nowadays on smartphones also.

    Knowing Fintech

    The term Fintech emerged in the 21st century and was earlier used by the back-end of the establishment or organizational financial department. Since then, there has been a drastic change in the perception of the users and a great shift has been noticed in its end-users and consumers. Fintech now includes many different sectors like Retail banking, Industries, Education, Non-profit organizations, Investment management and many more.

    From double-entry bookkeeping to the invention of the digital money, every innovation in the financial area which has helped the consumer to transact the business in an easy manner is because of financial technology or Fintech

    A lot of variety of financial activities fall under the head of Fintech. Activities like, using a smartphone to deposit a check instead of walking into the bank branch, money transfers or raising funds for business startup or applying for credit without interacting with the bank employees or branch manager or managing the investment portfolio without any assistance of a financial advisor. These are some activities that are covered under the Fintech and since the internet connectivity is available on the smart phoned Fintech has grown explosively and the term which was earlier referred to as computer technology for the back-end users is now applied as in very broad and vast level.

    Anthony Constantinou shares some active area of Fintech includes the followings:

    • Digital cash
    • Cryptocurrencies
    • The smart contract, which uses computer programs to execute the contract between buyers and sellers automatically.
    • Digital landing.
    • Business without barriers.

    Fintech is in practice for many years and since then, many new technologies and techniques are added in the queue. Even machinery and equipment are been added in the process from time to time. ie. Auto teller machine(ATM) and Card Swipe machine. Combinations of modern technological developments with the latest financial applications. Fintech has helped the businesses of all types whether large industries, medium enterprises or small or micro-businesses.

    It is an estimate that nearly 2 billion people worldwide are not having any bank accounts and for them, Fintech is an agile option to carry on their financial services and contribution to their country’s GDP and that is what Fintech has been designed to do.

    Here are some examples of Fintech in the payment system.

    PayPal can be said to be the pioneer who even started this revolution. PayPal used to be the first company to provide payment solutions. Today many companies providing similar services are there in the market and pushing the industry into the next level. It is because of Fintech that the cost of moving big money has been sledded down allowing more transparency.

    Banks used to charge fees for the payments done or received especially in the case of international transactions. One has to pay heavy transaction fees for international money transfer, as it was impossible to get the middle market rate. But now it is no longer expensive. Rather some of the startups are on the way to solve this problem by eliminating the middlemen.

    Bottom Lines

    Fintech has provided a common platform and has opened a new world of opportunities for every business. Much better services are being provided at low prices to consumers. It has bridged the gap between the business and the banks using technology by eliminating inconvenience. It is very important for the business to acquaint with the technology and stay informed and up to date with Fintech development to continue with the easy and hassle-free business.

  • Picking a Business Loan Broker? How to Find the Best

    Picking a Business Loan Broker? How to Find the Best

    Are you questioning yourself regarding how to pick a business loan broker? Well, bear in mind that brokers are aware of the market very well and they know how to save clients from being exploited. There are few things which you need to keep in mind for making the best decision, some of the questions regarding picking a business loan broker are mentioned below.

    Questioning about lenders from a business loan broker

    You need to ask about the number of lenders the loan has to be given to from a business loan broker. There are chances that the business loan broker already has a perfect fit for your loan in their mind. But you can not completely settle for this choice as well and weigh your options wisely. There is a probability that a lender the broker is referring to offers the lowest possible interest rates. So, you need to be wary of such possibilities. You need to realize that a broker’s fees differ and it is not the same for all lenders.

    Question the drawbacks from a business loan broker

    There are certainly good aspects of a loan and certain drawbacks. The point is that you need to know both. You need to understand your situation and condition you are in. For instance, if you will be requiring some funding right away then the best approach is to effort for a short term loan. But you need to bear in mind that in that case, you will have to pay a higher interest rate and that too for a long time. You need to question a business loan broker regarding one’s effort in channeling the clients through the paperwork process. A loan involves a great deal of paperwork and it is extremely vital to catch the details from the narrow lens. If the broker is only highlighting the positive aspects of the loan then you need to question. You should identify whether the broker is offering a generic solution which even google can give or there is more value to it. You need to have a sharp eye for such judgments during the meeting with brokers. Comprehend the answers of the brokers and ensure that one is providing you honest, intelligible answers.

    Ask for the thinking time

    You also need to take the decision wisely before deciding in rush. Time is exceedingly vital and you can not undermine its importance. You already know that the procedure of loan is in itself a very big commitment. If a borrower feels pressure while signing the contract then this won’t be the best option to avail at all. There can be a possibility that the broker you are going for is fully reliable. But even in that case, you need to take some time out for thinking over the deal and discuss it with other entrepreneur friends. If a business loan broker is not willing to give you enough time then that is a red signal and the best approach here would be to consult any other.

  • Tips To Start Your Business Now

    Tips To Start Your Business Now

    The world is changing on dynamic process. Now a day’s regarding job security is a matter of past. So we need to think something better or anything else to get the things done in our life.  In our school, it is taught us how to work hard and how to secure good marks in the exam to get a suitable job but it does not teach us how to generate wealth. Now time is power and time is money. We can say it is a modern age to keep up the information otherwise we will put in trouble. So it is a big time for us to update ourselves.

    Now a day’s traditional jobs is impossible to get. Due to various types of machinery equipment, business men us half of staff and payment is paid according to performance rather than working hours. This is the new era to begin. What what can be done? It is a matter of thinking. The question is dancing in our eye. But answer is very simple. People should think to become an entrepreneur.

    There are so many people in the world who have brought the secrete to become an entrepreneur and  know how to create the money or wealth.

    Some points are there to become an best entrepreneur in the world.

    • Where there is will, there is a way.
    • Positive attitude
    • Discipline
    • Determination
    • Pitch your hope high
    • Training

     

    Anyone can be regarded as an Entrepreneur, qualification is not required. We have seen in the world that some richest people have very little qualification but they have positive desire to get the things done.

    In order to get a quality future, people must think about this so that they can manage their family very well in future.  Skill and training is very much essential for an entrepreneur. There are many business opportunity are there. You should have enough knowledge to find them from the sources. If you are serious about your job, you can do part time, full time and other activities as per your required vision or ambition.

    It is the time to start now. Don’t wait till tomorrow otherwise time will pass, accordingly your vision will also pass. So get started now. Take necessary skill development training and jump into your business to get the things done. Training is a very important points in any business. People must think about it carefully otherwise they will face in trouble at the time of business. Get trained and gain knowledge so that success will come to your lap positively and success will come automatically. People will stop searching jobs ultimately everyone will be happy getting this kind of success. It is called that success in life is not easily secured, it comes those persons who works hard and continue learning process. For more information visit online trading.

  • Eyal Nachum Talks about Fintech and It’s Future

    Eyal Nachum Talks about Fintech and It’s Future

    The rate of disruption occurring within the financial services business is at an unmatched level, with lots of ‘Fintech’ companies, like Moneta International UAB, moving up the ranks and transforming the way technology improves the practice of moving cash.

    Imagine a globe where the big banks are contending with corporations that have low and nimble footprints, and use everything from new mobile technology to Artificial Intelligence to make the client experience seamless.

    The new backdrop of Fintech groups is picking off parts of the banks and turning them into international businesses that boast a frictionless online experience for the client. Eyal Nachum (co-founder of Moneta International UAB) says, “Banks will not die, but we will see Fintech groups choose off some things like foreign currency transactions.”

    What are ‘Fintech’ groups?

    Fintechs typically provide “better user experience, lower cost and a keen aim on solving a particular problem. They can even build products much quicker and cheaper than big banks as they don’t have the conventional working staff and systems to fund or contend with.

    The financial service sector, which saw the major disruption from Fintech was customer banking. This is possible because customers are looking for new means to transfer their fund on the go and with as little friction as possible.

    The big bank’s infrastructure also allows little space for agility – meaning that Fintechs can range and grow exponentially, providing new products, and services all the time, while the banks are simply applying digital technologies to advance their existing service.

    Fintech has the prospective for a more broad future

    The potential that comes with this ‘decentralization’ of financial services could build an ecosystem where banks and Fintech corporation can work more collaboratively in allocating resources, and therefore making it simpler to keep up in our quickly changing world.

    As people in these new Fintech groups are often not from banking, they are from outside banking environment, thus want to offer a more enhanced experience for the consumer. This creates room for innovation in the broader skills as people come from diverse backgrounds.

    Payment service providers, digital challenger banks, digital wallets, lending platforms, cryptocurrency groups, and data aggregators are all transforming the financial services sector. Blockchain, Artificial Intelligence, and robot technologies are driving improvement in the sector in new ways.

    Superior connectivity will be the key to prolonged existence

    The Fintech segment is fast-moving, and any successful corporation needs to be extremely flexible and highly adjustable to survive. Ensuring that each part of the company is connected, whether it be via data, process, or the people themselves, will help in better decision-making and the capability to stay lively in a time when financial laws and rules can change rapidly.

    Traditional businesses frequently compartmentalize their operations into departments, and in lots of situation, those departments become unsuccessful to communicate, leading to serious oversights. When everything is connected, a good flow of information is possible, meaning Fintech corporation can be much more nimble than their competitors. This can truly pay off when you are contesting against multi-national financial institutions with huge capital and resources.

  • Tips for Successful Launch of E-Commerce

    Tips for Successful Launch of E-Commerce

    For the trading business you can now have the best of e commerce options. You can have the smartest options available there.

    The first online sales are the most important when starting an e-Commerce activity. These are the ones that will give you the most happiness and especially those are those that will allow you to refine your marketing strategy. Naturally, the first online sales are also those that are the most difficult to obtain.

    Send an e-mail to your list of pre-registered

    Creating a craze for launching your business is the first step. Use MailChimp to record the e-mail addresses of your future customers. Creating a pre-launch list is also a good way to test your idea before actually investing in your entrepreneurial adventure.

    This pre-registered list will be the basis of your first marketing campaign. It must group all the prospects you have identified, all those who have expressed an interest in your activity.

    Sell to your personal network

    Your family and friends is the people who trust you most. They will also be the easiest to ‘convert’. This does not mean that you have to harass everyone in your family, but it will allow you to practice your commercial speech and test the images and texts that work best to take the plunge. Do not hesitate to confront the members of your network to your website to see how they navigate. For Trading business this is a very important matter.

    Organize a contest and samples

    Promotions or free samples are always good ways to attract undecided prospects. Although it should not be abused at the risk of reducing its margin drastically, it is a good technique to start sales online and increase the virility of your offer. Promotions will allow you to increase traffic to your website and your product pages.

    Sell to your friends via social networks

    You already have your first sales and it is now time to target the ‘influencers’, the most active people on social networks.

    Step one: review the connections in your first circle and identify people who are interested in your industry. For this you can use the search bar of Facebook (social graph search) and carry out a search Google way on the keywords and phrases that interest you.

    Once ‘influencers’ have been identified, contact them personally to ask for their opinion on your product. Offer them a discount in exchange for sharing your product page.

    Sites for linking and classified ads

    As an e-commerce entrepreneur, you have to try all the distribution channels. This includes sites that enjoy a high volume of traffic. It is sometimes possible to add the URL link of your product pages on these sites to improve their SEO.

    How to succeed in retail

    Successful retailers are passionate about the field. They spend a lot of energy to beat their competitors and give their 110% to their employers and careers. Their companies are ahead of the competition in offering better products, exceeding the sales figures of the previous year and since their sales teams are meeting and exceeding sales targets. That’s probably where they find their motivation.

    In the competitive world of the retail industry, it’s becoming increasingly important for those who care about it to know the competitor’s products (as well as their own products) and technology.  Here are some tips to ensure you a successful career in retail.

    Make your own promotion

    In the retail industry, a promotion can happen very quickly and is usually related to performance. Follow these tips to get your next promotion:

    • Set and achieve goals to acquire new skills and knowledge and seize opportunities to grow and take on additional responsibilities.
    • Demonstrate to management that you are very motivated by your current job.
    • Meet or exceed the expectations of your current position.
    • Be a team player and be flexible.
    • Find solutions to problems take care of your customers and demonstrate your sense of initiative and creativity and a good code of ethics.
    • Familiarize yourself with the corporate culture

    Some workplaces in the retail industry are jacket / tie environments. Others are casual and informal. Most are in between. Find the environment that’s right for you. Here are your options.

    Entrepreneurial culture: Emphasizes risk taking and independence. Evolve quickly to always exceed the competition. Ensures products and services are on the cutting edge of technology. Often uses a commission system for the compensation of his sales team.

    Small business culture (although not all businesses of this type are small and not all small businesses adopt this culture): Ready to take risks, but that are usually based on more than just brainstorming and about more only in the case of instinctive management. Promote cooperation and profit sharing.

    Corporate culture: Hierarchical organization. Most of the time, there are several levels of supervision. Salaries and benefits are generally stratified and formalized. Often has more rules than other cultures.

    If you want to climb the ladder quickly, a company that tends towards the entrepreneurial culture may be more suitable for you. If you do not like competing with your co-workers, maybe you should choose a small business. But if you prefer stable and predictable schedules and have a clear idea of ​​organizational boundaries, corporate culture might be a pleasure.

    Find a mentor

    A mentor can teach you things about retail that are not learned at school or reading a book. Experts advise retail professionals to find someone from a higher level who has been working in the field and in this business for a long time. Choose someone with whom you can speak confidentially and who can guide you.

    How do retail professionals manage time constraints? Here are some tips:

    Take your work to heart. Make sure you know what you have to do and what your boss wants from you on a daily, weekly, and monthly basis. Openly discuss issues that may arise in the performance of your duties and responsibilities as they arise.

    Set priorities and organize your time with the help of your supervisor if necessary. All those who pursue a career in retail trade juggle with several tasks at once; its part of the pleasure of the job. But be sure to invest time and energy in the right places. Avoid procrastination, distractions and time-wasting activities.

  • How do you create wealth? What makes the difference?

    How do you create wealth? What makes the difference?

    How do you create wealth when everyday reality is made of uncertain work, a fixed salary, a mortgage to pay, bills that expire and children to support? Here are the wealth creation tips for you.

    Hearing someone who has already created the wealth, everything seems simple: you have a passion, you create a product that gives value to your audience, you create a system that generates income as passive as possible (that is, disconnected from the concept of money in time) and constantly invest what you earn. Then let the magic of compound interest do the rest.

    Going to tell someone who is struggling for daily survival ” change, follow me, do as I do and you will see that you too will be able to create your wealth”,  risks unleashing at least some insults. And rightly so!Not everyone wants, and it is very respectable, but even if they wanted to, not everyone can or can do it. Here are the wealth creation tips for you now.

    Exchanging wealth and poverty what does it do?

    Rich House, Poor House is the title of the British reality I saw. If you are curious in Italy you find it as Home Exchange. The format is this: two families, one belonging to the poorest 10% of the English population and the other to the richest 10%, exchange home, life, and habits and above all budgets for a week.

    How will they react to this experience and above all what will they bring back when they return to their respective lives on the eighth day?

    Two premises:

    These are usually large families, with at least two or three children

    The rich, at least in the two seasons, are all rich and not well-off by birth

    The first day that the respective houses and lives are exchanged, after the initial shock of finding homes that are very different from the usual ones, each family finds out how much money it can count for the week. In a box in the kitchen are enclosed the cash that the family will have available to eat, warm up, get gas, go out and face the unexpected.

    The poor, who happen to be in the house of the rich, have a weekly budget ranging from 1700 to 2000 pounds.

    The rich, who go to the house of the poor, usually find in the kitchen jar no more than 140/170 pounds.

    Thus, the week begins and our two families live each other’s lives.

    The poor have more difficulty adapting to being rich than vice versa

    Although relieved by the thought of how to make ends meet for a whole week, poor families have great difficulty accepting abundance. They feel they do not deserve what they are enjoying. They take a few days before being able to let they go and even in enjoying a good dinner at the restaurant they are a prey to guilt. In shopping, they rarely manage to afford the luxury of buying what they normally can’t afford, but they greatly appreciate the opportunities that rich life gives their children. In particular the possibility of developing their talents.

    Thanks to the excellent lessons after school, sports of all kinds and other engaging activities, the children of poor families, in that week, have the chance to test themselves in everything they wanted to do but did not even dare to ask: lessons of music, repetitions, dance classes, horseback riding, sailing, tennis. They breathe environments that exude quality, beauty and possibilities.

    Rich families have a clear control of expenses and they engineer themselves

    All the families I observed, although they used to spend ten times more than the available 150 pounds, were able to carefully manage every penny. From the first day they drew up a plan and had control over how much to spend on every need.

    On some occasions they also found ways to solve some problems of the poor family. In one case, for example, the new tenant realized that the gas tariff paid by the poor family was higher than that applied to him in his rich home and he managed to change the contract.

    On another occasion the rich family freed the lawn of the house occupied by the rubbish of others, including an old sofa. Having no means of transport available, if not a bicycle, and not wanting to pay the withdrawal fee for the 70 pounds dump, the family reduced the sofa to pieces using hammers, knives and kicks. Then, dividing the weight into various garbage bags, parents and children walked a few kilometers towards the landfill.

    Rich families, in living a week as a poor, understand the value of closeness

    In the week as poor, the children of the rich find themselves without extra-curricular commitments or opportunities for exit because there is not enough money or because the house is located in unsafe areas. At that point, parents and children strive to spend time together at home.

    Many realize that the closeness, even the physical one to which they are forced and the time they have to pass without particular occupations, reconnects relationships, allows comparisons and strengthens affections.

    Doing things together, when there is love, is worth more than any designer shoe. In this case, therefore, money does not bring happiness, although it undoubtedly alleviates worries.

    The poor see a possibility they could not imagine

    During the week of screw exchanges, each family meets the other’s friends and begins to learn about each other’s stories. The rich discover the difficulties and the life of sacrifice of the poor, the poor discover that the rich have not always been such. Some started from worse conditions than their own, and then built successful businesses, careers and economic well-being for themselves and their families. Seeing a positive example gives hope to the less fortunate, a goal that seems feasible, especially for their children.