Financial Safety Advice

The significant changes in the industry, the economic volatility, changes in client expectations and adoption of new technology has increased the challenges for the various financial industries. Alejandro Amicone, a partner at Accentual and responsible for the financial services industry in Argentina, drew up a report that highlights the main trends for the coming years.

Research says, suggest that we are at a point where the business capabilities can be essentially elastic, flexible and able to accommodate any level of economic volatility, and catapult an organization with unprecedented levels of performance. Beyond that elasticity can be seen 4 major technological trends: Data and Decisions, Mobility, Convergence of collaboration, communication, community and Internet Content.

Data and Decisions

Over the next three to five years banks have significantly better data available even with the footprint of customers, which will streamline the sales and trading services. At the same time, the data and decision tools will allow a breakthrough in supporting information when making decisions between bank clients and prospects. Guests will have the correct information about products, services and accounts when needed and can be accessed through multiple channels. Read the rest of this entry →

Financial intelligence can be defined as the “ability to solve or avoid financial problems financial intelligence has much to do with the psychology of the individual, self-control and self-taught and that financial education is now a new issue that has appeared and has not been integrated into schools in many parts of the world.

Complementing the concept a little financial intelligence should be considered that intelligence itself is defined as a “set of skills used to solve problems and find distinctions, differences and similarities” to which eventually end up with a more comprehensive concept financial intelligence would be “a set of skills used to solve financial problems and may enter in this capacity to increase income or reduce personal expenditures.

In financial intelligence includes skills such as marketing staff, sales, the power to make friends and influence the strategy although some of these skills can be classified within the “social intelligence” as they become relevant as auxiliary financial intelligence.

In his book Child Rico, Smart Kid, Robert Kiyosaky the author notes that her wealthy father Financial ratio defined as where both your money work for you if your money works hard for you then you have a high financial ratio, if your money is not work hard for you then you have no financial intensive.

Fow quadrant of money shows that money flows where it is most closely the self-employed or business owners and investors.