Connect with us

business

FinTech Career: What to Expect and Beware of

Published

on

FinTech Career

When was the last time you checked your bank account online or paid for groceries with a handset? Chances are it was today, and yesterday, and the day before that, and so on. Financial services have become so interwoven with our everyday lives that we just fail to notice how often we use them—and digital technology is a great helper here.

All that would be impossible without FinTech. In a nutshell, FinTech is about delivering financial services via digital means, which have proliferated and become ubiquitous over the last years. This includes, but is not limited to, mobile banking, digital currencies and financial jobs, open banking, algorithmic trading, and much more. The financial industry has been using various technologies for a very long time to meet the needs of its clients. Fintech is one of the fastest growing industries in the world because it is safer and more convenient than traditional forms of financial services.

With the COVID-19 pandemic making the world separated as ever, FinTech looks to be among the most prospective career fields. It helps conduct financial matters at distance—even from the comfort of one’s home. The factor of convenience is a strong one, too, as FinTech saves one’s time by foregoing red tape and unnecessary in-person contact. Fintech is also called an industry where companies use new financial technologies and solutions to compete with traditional financial institutions for the hearts and funds of customers. Most often these are tech startups and companies that use fintech tools to improve their services.

The very active digitalization of the life of modern society observed over the past 30-odd years has led to real changes in the current economy. The global financial sector is at the center of digital transformation, led by fintech, which is currently shaping a new segment of modern financial markets. At the same time, the most well-known objects of fintech are cryptocurrency and token. Cryptocurrencies, regardless of the attitude of regulators towards them, have become a virtual reality in the financial sector and are actively used to pay for goods and services. A feature of cryptocurrencies is their anonymity and lack of control by the state, which determines a whole range of risks for society and the state. However, cryptocurrencies, along with risks, also provide opportunities – from the development of innovative technologies to the creation of new jobs and replenishment of the national budget. Fintech’s penetration into the segments of the financial market traditionally occupied by banks has sparked a debate about their future. At the same time, it is likely that there will be no crowding out of banks, but their fintech transformation.

According to PwC, a consultancy, 75% of financial organizations are creating jobs at the intersection of finance and technology. There is every reason to say that the field offers lucrative and promising career opportunities, given the fact that a tangible number of FinTech vacancies remains open. The reality, however, is a bit more complex.

FinTech is obviously a dynamic and financially rewarding field. In the U.S., the median FinTech salary amounts to $125,000 a year, putting it well ahead of the average median salary of $51,000. Entry applicants should expect to earn less—in the order of $85,000—but the opportunities that the field offers often mean quick promotions and, consequently, a higher pay.

Another pitfall to watch out for is specific and sophisticated expertise required for FinTech specialists. This includes not only knowledge of financial services and products and technology (like web design or artificial intelligence) but also legal, marketing, and other business skills. It is the case of either having that already—which means having had a notable FinTech career—or learning on the job, by trial and error.

Moreover, soft skills such as creative thinking, problem-solving, and networking are also a must, since one’s working environment is going to be either unstructured (in the case of business start-ups) or rather loosely organized (when it comes to established financial institutions). This is not necessarily an advantage or a setback, but an important factor one should keep in mind when considering a FinTech career.

The main unique value that fintech provides is the ability not to be fooled and not stress when making payments. You do not need to remember the pin code, carry a card, worry that someone will find out the cvv code, cover the buttons on the ATM with your palm, and so on.

Banking applications, p2p lending services, analytical systems, company verification services, and many other fintech projects have arisen because the traditional financial system has become too cumbersome. In the 21st century, it is already inconvenient to use it. But it is changing slowly, precisely because it is seriously regulated. Therefore, fintech emerged – an industry at the intersection of finance and technology.

Fintech applications are attractive because they can be used to quickly and with minimal effort on the part of the user to solve the necessary problems. This could not be overlooked by giant companies such as Google, Apple, Amazon and Facebook. They also added financial services to the list of basic services: online wallets, sending money in a messenger, and so on.

Companies and financial institutions should take a closer look at these types of applications and quickly implement them in their work in order to gain benefit and customer recognition.

All in all, there is strong evidence that FinTech is here to stay and, perhaps, “every company will be a FinTech company,” as Angela Strange famously put it. Financial services and products will adjust to the new normal, influenced by the pandemic and proliferation of digital technology, and be in need of specialists able to work across the fields.

Continue Reading
Comments

business

A Guide to Spring Cleaning Your Financial Paperwork

Published

on

financial paperwork

If the spring-cleaning bug has bit you, you won’t stop at just washing your windows and cleaning under the fridge. Your job isn’t done until you can bring order to all areas of your life, including your financial house.

Even though online banking makes it possible to manage money virtually, the average person still collects a lot of snail mail over the year.

While throwing all that paperwork out may be tempting, this idea could cause problems in the future. You’re meant to keep certain financial documents — look below to see how long.

Personal Loan Contracts

Any time you borrow a personal loan or line of credit, you have to sign a loan agreement. This contract contains all the black-and-white details of your account, so you know what to expect when borrowing a line of credit or personal loan. Most importantly, it outlines your terms, payment schedule, and cost of borrowing.

While some traditional loans may mail you a paper contract, online lenders might send you an e-document. You should keep it in a safe place — whether it’s paper or digital. It should join any supporting documents or proof of payments for at least the lifetime of the loan.

Bills

You can safely get rid of phone and utility bills after one month. After all, most utility providers set you up with an online account where you can review digital copies of these bills.

The only exception is if you plan on using any of these bills for tax-related purposes. In that case, refer to the section on taxes for how long you should keep them.

Financial Statements

If our bank, credit card company, or lender still mails your monthly statements, financial advisors recommend you keep them for 12 months. Once again, you might have to keep them longer if you plan on using them as supporting tax documents.

Receipts

Do you always say “yes” when the cashier asks if you want your receipt? Your wallet is probably bursting with receipts collected over the year.

The good news is that you can safely clear out most of them. There are only three times you should file away your receipts for safekeeping.

  1. It’s for a major purchase, like a new appliance, vehicle, or device. You may need to show this in case you need to return it or activate its warranty.
  2. It’s for household services or work done to your house, including renovations and repairs.
  3. You made a purchase you plan on writing off.

Insurance Documents

You should keep your auto, health, and life insurance documents until your policy expires, or you purchase a new package.

Taxes

Tax time is stressful enough without having to fight against disorganized and missing paperwork, so pay particular attention to your returns this spring.

According to the Canadian Revenue Agency (CRA), you should keep your supporting documents for six years. However, some advisors recommend you keep all your tax documents indefinitely in case of errors. You should also retain copies of your returns, notices of assessment, and notices of reassessment.

Handle Your Finances with Care

Once you go through all your paperwork, you’ll be left with two piles: the paperwork to keep and discard. When it comes to the stuff you want to toss, make sure you shred it first so that no personal information may be exposed. As for the stuff you want to keep, look for a filing system that works for you. Choose a safe, dry place where you won’t lose things.

Continue Reading

business

ANWORK: Fully Encrypted And Ephemeral Communications

Published

on

ANWORK

ANWORK is a secure and private messaging app that offers end-to-end encryption for all communications. Keep reading our post if you do important business meetings and want no one to access your data. Here we will tell you the secured communication solution.

How does ANWORK work?

ANWORK is a secure messaging app that offers fully encrypted and ephemeral communications. All data is stored locally on your device and not shared with third-party servers. ANWORK uses an advanced end-to-end encryption protocol that ensures your messages are secure from start to finish.

If you choose to, you can also set messages to expire after a certain amount of time, ensuring that your conversations are truly ephemeral. With its end-to-end encryption and ephemeral messaging, you can be sure that your conversations are safe from prying eyes.

What are the benefits of using ANWORK?

ANWORK is different from traditional communication platforms because it offers a number of unique benefits that make it ideal for certain types of communication. Some of the benefits of using ANWORK include the following:

Fully Encrypted Communications

ANWORK offers fully encrypted communications, meaning that all messages exchanged on the platform are automatically encrypted end-to-end. This makes it impossible for anyone to eavesdrop on your conversations or access your messages without your permission.

Ephemeral Communications

It means that all messages exchanged on the platform are automatically deleted after a certain period of time. This ensures that your conversations are private and cannot be accessed or shared without your permission.

No need for a phone number

ANWORK does not require a phone number for you to sign up or use the platform. This makes it ideal for people who want to keep their phone numbers private or for those who do not have a phone number.

 No need for a username 

ANWORK also does not require a username or password for you to sign up or use the platform. This makes it even easier to use and helps to keep your conversations even more private.

Works on any device

ANWORK works on any device that has an internet connection. This includes smartphones, laptops, and desktop computers.

Open source

ANWORK is an open source platform. This means that anyone can access and audit the code to make sure that it is secure.

Built by a team of security experts

ANWORK was built by a team of security experts with years of experience in the industry. This means you can ensure your conversations are safe and secure.

User-friendly

ANWORK is designed to be user-friendly and easy to use. The platform is simple and straightforward

How can I get started with ANWORK?

ANWORK is a secure communications platform that can provide you with extra security. It is available for free on the App Store and Google Play. ANWORK is also available as a desktop application for Mac and Windows.

Final Words 

We have guided you well on how ANWORK can secure your chats and provide a secure communication procedure. When you use a platform like ANWORK for communications, there will be no risk of information leakage. This is because the information is stored on reliable algorithms using signal protocols. The protocols included Curve25519, AES-256, HMAC-SHA256, and many more. For more information about this secure chat communication, read the above mentioned carefully. 

Continue Reading

business

Benefits of Onboarding Military Veterans: Qualities That Make Them Excellent Employees

Published

on

Onboarding Military

Hiring military veterans boosts your company’s recruitment and retention programs. Many people enlist in the military right out of high school or college. After years of military service, their civilian employment experiences may not correlate to your current job requirements. Don’t overlook the numerous benefits that hiring a veteran can bring to your organization. Here are some qualities you will likely hire when you onboard a military veteran.

Motivation

Most military veterans want to work when they return to civilian life. They have dedicated their lives to service and are motivated to improve the world after they retire. An applicant may provide you with their military experience and free employment verification for Uber drivers report. This shows employers that the candidates have been actively working.

Discipline

Veterans learn a significant amount of discipline in the military. They learn early on to listen to their leaders and follow directions when given. In addition, veterans are masters of self-discipline. They understand that meeting regulations gives them growth opportunities. You can trust that veterans are efficient and have the discipline to complete tasks as assigned. When those skills are observed by their peers, your entire staff often learns that self-discipline.

Integrity

Honesty and integrity are instilled into a servicemember. They learn early on that their word is valuable. In addition, veterans will report perceived infractions of their colleagues through proper management channels. This integrity protects your company’s confidential business information. Peers learn to recognize that their co-worker is trustworthy and sincere.

Organizational Skills

While you may need to provide training on various job-related skills, your new hire will have excellent organizational skills. They are typically excellent project managers. They understand how to break a project down into individual processes and how to assign those tasks to appropriate team members. They are also familiar with the post-project analysis.

Inclusiveness

Due to the global nature of their military service, veterans work well with all individuals regardless of their ethnic background, religious preference, or gender. They encourage unity between colleagues of different physical or mental capabilities. Veterans serve as dynamic leaders, embracing diversification and inclusion in the workforce.

Financial Benefits

In addition to the soft skills that military veterans bring to your workforce, there are many financial advantages to recruiting these individuals. The Department of Labor has a comprehensive list of programs that help you offset the costs of onboarding a veteran. Your local Small Business Administration chapter can also help you find resources for your business. If you operate as a veteran-owned small business, SBA can help you obtain funding.

Other Considerations

The benefits of recruiting military veterans outweigh the few challenges you may experience. Some candidates may have difficulty transitioning into the civilian workforce. A mentoring program can give your employees a point of contact to answer questions or discuss their experiences. In addition, some applicants may have physical or mental disabilities that require accommodations. While you may not ask specifically about these injuries, you can inquire about accommodations. The Americans with Disabilities Act protects applicants and employees from discrimination.

Creating a sound veteran recruitment strategy is important for businesses of all sizes. By actively onboarding these individuals, you will experience significant growth opportunities for your business.

 

Continue Reading

business

5 Tips for Finding the Perfect Office Space for Your Business

Published

on

cleaning

As a business owner, finding the perfect office space is a crucial step in creating a productive and efficient work environment. Your office space can affect the morale and productivity of your employees, as well as the image and reputation of your business. Here are five tips for finding the perfect office space in The Square for your business:

Determine Your Needs

Before starting your search for office space, you must determine your business’s specific needs. Consider the number of employees you have and the size of the office space needed to accommodate them comfortably. Also, think about your budgets and the amenities your business requires, such as a conference room, a break room, or a reception area.

Knowing your needs beforehand will help you narrow down your search and avoid wasting time and resources on office spaces that are not suitable for your business.

Location Matters

The location of your office space can significantly impact your business’s success. Choose a location that is easily accessible for both your employees and clients. Consider the proximity to public transportation, parking availability, and nearby amenities, such as restaurants and shops.

Additionally, think about the neighbourhood’s safety, reputation, and the image it portrays. A prestigious location can enhance your business’s reputation, but it may come with a higher price tag.

Consider Your Budget

Your budget is a crucial factor in finding the perfect office space. Determine how much you can afford to spend on rent and other expenses, such as utilities and maintenance. Remember to leave some wiggle room in your budget in case of unexpected expenses.

Consider the cost of leasing versus buying an office space. Leasing provides more flexibility, while buying gives you more control over the space and can be a good long-term investment. However, buying an office space requires a significant upfront investment and comes with additional responsibilities, such as property maintenance.

Think About Future Growth

When choosing an office space, think about your business’s future growth. Consider whether the office space can accommodate additional employees and equipment if needed. Look for a space that can be easily modified to suit your changing business needs.

Also, consider the length of the lease agreement. A short-term lease may be ideal if you anticipate growth or need the flexibility to move to a different location. A long-term lease may be better if you want to lock in a favourable rental rate or have a stable business model.

Get Expert Advice

Finding the perfect office space can be a daunting task, especially if you’re a first-time business owner. Consider getting expert advice from a real estate agent or a property management company. These professionals can help you navigate the rental market, negotiate lease terms, and find office spaces that meet your needs and budget.

Before hiring an expert, make sure to do your research and ask for references. Choose someone who has experience working with businesses similar to yours and who understands your specific needs and goals.

Visit the Space in Person

Once you’ve narrowed down your search, visit the office space in person. This will give you a better sense of the space’s size, layout, and condition. Check for any signs of damage or wear and tear that may need to be repaired before moving in.

Also, consider the office’s natural lighting, ventilation, and acoustics. These factors can affect your employees’ productivity and comfort level.

Conclusion:

Finding the perfect office space for your business can be a challenging and time-consuming task, but it’s worth the effort. By determining your needs, considering the location, budget, and future growth, and getting expert advice, you can find an office space that meets your business’s specific requirements.

Remember, your office space in The Square Texas Tower is more than just a place to work. It’s a reflection of your business’s culture, values, and professionalism.

So take the time to find the perfect office space that aligns with your vision and goals, and create a productive and efficient work environment for your employees.

 

Continue Reading

business

Shubhada Enterprises

Published

on

shubhada enterprises

From construction of homes to excavating holes for building foundations or building roads dams or lake and river cleaning and warehouse material handling attachment tools, machinery has played significant roles in our day-to-day modern and urban lives and so have Shubhada Enterprises who have their experienced skills next to the likes of the construction heavy  equipment’s industry segments. 

 

Shubhada Enterprises was founded and registered in 2017 in the city of Pune, Maharashtra by Former owners Mr.Ankit Kumar and Mr.Vishal Garad . Previous life Little they did know while working that their startup would go worldwide throughout the major countries of Latin America, UAE, Europe and African counterparts. Their company can be called and function what is to be known as a merchandise marketer for large scale business and construction companies such as VOLVO, CAT, CASE, BKT and mainly JCB. 

 

Shubhada enterprises is considered to be a jack of all given the facts that they deal in both domestic and international, and also provide Remotely Services to Machine Owners Through Engineer Experts within 300 km of their facility buildings. With a small team of 10 youngsters who are specialised in each of their fields namely: Accountancy, Co-Ordinators and Sales Supervisors, they are here to make a big impact on supporting the entrepreneurs who are looking to get their hands on construction business.  The company mainly deals in construction spare parts, Renting of Excavators, Attachments like Robot SL, Backhoe, Heavy Lines, Forklift, BKT Tyres Segments and have matched their ties with several big companies such as CAT, Volvo, Hyundai, Schwing Setter, Case, Aquarius Batching Plants Bharat Benz, Ashok Leyland, Cummins and much More. 

 

Shubhada enterprises have their local services diversified in doorstep delivery running machine diagnostics and consultancy from expert technicians for each of their clients with their customised demands ranging from queries of constructing a new home to having to dig a hole for MNCs, ask it and they have it all. Despite the current recession and economic crisis, the company proved their efficiency by generating a revenue of over 60-75 Lakhs Rupees Business during the covid lockdown. They are also flexible in working with the Freelancers-Business Associates to expand their business and provide equal opportunity of work to people not only in the educated urban class but also the rural and remote underprivileged youths who are now able to earn a living by driving Backhoes and operating excavators. 

 

  • Future vision 

After reaching all the envisioned milestones in their purpose, the company now also strives to educate the masses about what their services specialise in and how they can be of benefit for the great Indian middle-class families who are looking forward to excel in their corporate career and for someone who is into real estate and Construction Lines etc. It is really flabbergasting and plausible to acknowledge the fact that how both Mr. Ankit Kumar and Mr.Vishal Garad had managed to outsource the products not only to Indian but the South American and Russian and Saudi Arabian Retailers/ Corporates Workshops too, despite having faced many hurdles with customs as their quality matched the military levels components as Scomet they Solved. 

As we come to a conclusion towards the end of this article, whether be it your Business needs or construction work if required Equipment’s for your Uses , Shubhada Enterpresis has all your construction requirements covered, 

 

Call to action: Contact them at Prarambh Building Upper Ground Floor, Near Hotel Sindhuratna Jambhulwadi Road.Pune-411046. 

Visit at: www.shubhadaenterprises.in

Email: [email protected]/ [email protected]

Work Hours: Mon to Saturday 10.00 am to 6.00pm

Week off: Sunday 

 

Continue Reading

Trending