Financial Safety Advice

A few days ago, we talk about bank interest, well, now I have to tell you about the banks actually had to leave here, but never mind, everything is related.

The best business plans, the best business, like investing in the Stock Exchange, and more, you’ll find financial safety advice, is aware of this issue, typical of every entrepreneur.

Banks are known to

A bank provides customers with four basic services: safe deposit of cash, payment of interest on the money you deposit, money transfers through current accounts and loans to purchase homes, cars, business and personal affairs.

Most financial institutions, including cooperatives and savings and loan companies, offer similar services but with small variations. The banks also offer ATM, credit cards and debit cards, trust accounts, wire transfers, and investments in stocks and bonds.

Unlike cooperatives or companies, some banks also offer letters of credit with which you can buy and sell goods abroad.

A bank is a business for profit. Means that one of his responsibilities is to pay profits as dividends to its owners. Banks make a variety of ways, but usually they do charge a loan interest rate highest money they have to pay them and charging fees to clients for their services.

This program is presented as a preparatory training period to achieve the EFA Accreditation (European Financial Advisor). The title of the European Financial Advisor (EFA ®) is a big recognition at European level in regard to financial advisors, and is awarded by the EFPA (‘European Financial Planning Association”).

Today, investors need professionals who act on their behalf at the time of investing in the markets in which they intend to enter. That is why they demand, with increasing force, security guarantees not only legal but also of quality and professionalism in the financial advisory service.

Thus it is established that to provide the financial advisory service must be independently registered with the CNMV. Among the requirements set down for such registration have experience in financial advisory and investment specific training. This last point is particularly relevant to the EFA to be recognized accreditation for this requirement by the CNMV.

The fundamental objective of the training program is needed to achieve EFA Accreditation, which certifies the professional competence to carry out duties of board, management and financial advice to individuals in private or personal banking, financial services oriented to individual client and any professional function banking 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 →