Financial Safety Advice

A quick survey of my contacts on Facebook and Twitter I have confirmed that very few healthy financial habit of saving. And the reason is almost always the same: * “I can not afford” or “I can never save” *.

Last year, at a workshop for financial journalists, an official of the Superintendency of Banking and Insurance (SBS) asked the same question to the audience. The result: less than 20% had a savings account, despite being familiar with these issues.

Indeed, for some, start saving is like starting the diet. It is very difficult or leave it to the days or weeks of starting.

In Peru, formal workers are forced savings known as CTS, which also is “pierced”, as it has a percentage of free availability, and is paid by the employer. Another is the contribution to the pension fund, which itself represents part of our monthly income. In both cases, these bills have one goal: to meet the needs if you become unemployed or retire.

In a blog on personal finance, we find good recommendations for achieving savings. “The most practical and safe is to have an automatic savings plan, so that, before it reaches your hands, go straight to your goal,” he explains. Read the rest of this entry →

Sage Financial Solutions specializes in solutions FRP (Finance Resource Planning): cash management, customer credit, financial risk and banking communications. 1,250 customers, including more than 65% of companies in the IBEX, working with our FRP.

These solutions integrate with leading ERP market are based on an internet architecture and feature full interoperability, enabling it to operate with any bank in the world, controlling and managing its financial position and reduce its working capital by optimizing your cash.

Sage XRT Treasury is the solution that helps you manage cash flow, control the budget, reconciling the movements, managing payments and collections, treat and manage financial risks banking communications.

XRT Collect Sage offers a quick resolution of conflicts of recovery, risk control and claims customers efficient and fully automated through the management of customer credit. Read the rest of this entry →

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 →

Those who have problems with a bank or credit should go to departments care entities, and only then, the Bank of Spain. But its resolutions are not binding.

Surely, a relative, friend or yourself has been forced to go to your bank to resolve a problem with a commission unexpectedly, the clearance of the deposit that do not fit in to their calculations, or the mortgage payment surprising that you have applied . Many data that a bank or handled during the day, although sometimes these errors are correctable, at other times the client is helpless before an operation he considers unfair.

For this type of conflict, banking users have a double protection: the defender of the client’s own entity and, where appropriate, the Complaints Service Bank of Spain.

Between 2007 and 2008, the number of queries submitted to the regulatory body increased by 69 percent, to 36,900. And only in the first half of 2009 (latest data update), had over 28,000 complaints, representing an increase of 81 percent over the same period last year. 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 →