Financial Safety Advice

Financial products such as “passive” are those that allow the holder to deposit money in institutions such as banks, banks and credit unions, having these should return the money under the conditions stipulated by the contract. Within these financial products such as “passive” There are three types, the most common: current accounts, also called demand deposits, savings accounts and term deposits. Each of these types of accounts has certain characteristics that make their specificity and are not detailed by law, as defined by the practice of everyday activity. Here, then, what are some of the characteristics of these types of accounts passive.

First, the deposits are defined by the ability of the incumbent has to make money income and the obligation of handing the bank at any time that the holder has. These types of accounts usually have some form of remuneration, but not always, but is less than that of other types. Current accounts are accounts also have what is called a “service box” asset and that helps the operator can use it to make and receive payments in an active form. For example, to make check deposits, household bills, pay checks, cash withdrawals, and others. These operations usually involve some kind of commission. Read the rest of this entry →

At a general level one can distinguish between insurers (that we will discuss in another article) and banks.

In Spain there are four general types of banks:

Private institutions banks are usually publicly traded company, and is used mainly to mortgages and accepting deposits.

Savings. Are virtually identical to the banks except two characteristics:

1. Are public institutions owned by one or more government (municipality, region, county council, etc).
2. They do not pay taxes, but instead are required to distribute at least one third of its profits to works of social interest.

Credit unions. Are very similar to the savings banks, in fact it is often difficult to distinguish because they also adopt the name “box.” The main characteristic of these entities that are not public property, are actually owned by a “financial cooperatives.” Credit unions are often associated with a cooperative association or industrial or sectoral, so for example the Fund is linked to the Lawyers Bar Association. Read the rest of this entry →

Need a bid or performance bond for a construction project? The first question is, “Let’s take a look at the fiscal year-end financial statements.” Then the insurer finds something wrong with it and boom! You’re dead!

What’s going on here? It is true that the surety only make money when they issue bonds? So why are they so reluctant? Contractors must keep in mind that bonding companies walk a fine line between profit and loss.

Contractors must keep in mind that bonding companies walk a fine line between profit and loss.

Easy obvious piece subscription information to review is the year-end financial statements. This document provides a vision of the company’s currency position. This shows the extent to which the administration has failed to attract sufficient income. Show lending practices of the past and indicates the quality of the clientele of the company. It is easy to calculate, easy access, an essential component of subscription – but it is the key to getting bonded? Read the rest of this entry →

Business financial and aviation industries of Mexico will lead the next wave of adoption of standards CMMI, told BNamericas commercial director of the Mexican IT consultancy Avantare, Jorge Loza.

While large software developers were the pioneers in the adoption of CMMI, the interest now shifted to finance and aerospace companies, who are showing interest in adopting the standard for both modernizing their internal processes to develop technology internally.

The consultant also projects an increase in the implementation of CMMI standards for services, Loza said, adding that certification is also attracting the attention of mid size companies.

Avantare, which specializes in IT consulting, implementation of best practices and software development, continue its business approach in Mexico, but also highlighted Loza more business opportunities in Europe.

“We continue to seek opportunities outside of Mexico. We have had customers in Spain specifically in vocational training for CMMI.”

The American firm has also completed projects in Costa Rica and Brazil, but Loza said the stable business has never been rooted in some of these geographies. Read the rest of this entry →

70% of the population of Brazil, Russia, India and China have no bank account. But how many have cell phones (it is estimated that there are nearly one billion people in all emerging markets)? That’s why investors put eyes on mobile payments. Last week, Actis bought chipmaker MSCC egipicia to dig deep in the activity.

Arthur D. Little predicts that the mobile payments market will be worth 60,000 million for 2015. Anticipates that within five years, the number of people who serve the mobile banking will rise from 32 million today to 290 million. That means there will be more than a million new users per week.

Ambitious goal, no doubt, but mobile payments are a solid foundation.
First, as suggested above, this should allow banks to reach new consumers. The insertion of mobile phones is improving access in Mexico and emerging countries. Thus it is possible that nearly 40% of the population has telephones, but still without access to the bank.

Second, banks can expand very economically. As noted by the FT editor, Sharlene Goff, a few weeks ago, banks can reduce up to 50% of their costs if [for their operations] are based on devices, rather than branches. Read the rest of this entry →