Month: July 2019

Top banking management good tips

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Your code is composed of numbers and letters issued by the HM Income and Customs (HMRC) to your employer. It is applied to establish the correct quantity of salary tax that your employer will deduct from your salary every thirty day period. Some tax codes would appear like these: 434L, 323P, 456V, K345, DO, NT, BR, and OT.

What do the quantities mean?an?

The numbers represent your tax allowance or the total sum authorized to be deducted from your whole earnings for the 12 months. Your tax allowance is derived by working with the following formula:

Tax allowance = Number X ten + 9

To illustrate, a code of 434L usually means that you are entitled to a tax allowance of four,349 that can be deducted from your revenue for the 12 months to arrive at your taxable salary. Hence, if you have earned thirty,000 for the year, your revenue that is topic to tax would be twenty five,651.

What do the letters mean?

The letters show specified circumstances why you have to spend specified amounts that are distinct from what others are spending. Let us consider a appearance at some of the letters and what they mean:

L – This is the most common code that refers to simple personal allowances.

P – This applies to folks with ages between 65 and 74 who are eligible for complete private allowances.

Y – This is for men and women who are extra than 75 a long time previous and qualified for full exclusive allowances.

K – This implies that the volume of allowances is less than the quantity of deductions.

T – This signifies that there are factors that need to have to be reviewed by the suitable Inspector of Taxes.

BR – This stands for basic rate and this means that your total salary will be subject to the standard tax pace for the existing yr but you will not be entitled to particular allowances.

NT – This is utilised when no volume is to be deducted from your earnings or pension.

D0 – This signifies that you have to pay out at a higher pace like forty% since of a 2nd work or pension.

D1 – This signifies that you have to shell out at a bigger fee like fifty% for several earnings or pension.

Essentially every citizen in the Uk is qualified for a individual allowance, which entitles them to a corresponding tax cost-free revenue. Earnings previously mentioned the tax cost-free cash flow are subject matter to the simple tax price up to a selected limit when higher earnings are subject to higher taxes according to the cash flow brackets set by the HMRC. As a result, knowing how your tax code as determined by HMRC is essential to be ready to know if the federal government is imposing the suitable quantity of evaluation on you.

Residence taxes could look like fixed expenses but they are significant things to consider for traders. A booming current market with mounting sale values pushes up assessors’ valuations of attributes. A slack market place, by contrast, could see home values fall. This has a immediate effect on the yearly tax evaluation, not only in the coming 12 months, but generally in the three several years subsequent the change in appeal. Taxes levied on a home will affect the return you see as an investor, and maybe your funding costs.

Investment Banking Career Change Creating The Perfect Investment Banking Cv

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Have you decided its time for a career change? Does the financial or banking industry appeal to you? Do you already have experience in the investment banking field? If so, here is a great place to get started. Helpmegetajob is an exciting site for those that are looking for an investment banking career change or simply looking to break into the field.

Helpmegetajob is operated by a group of financial professionals and investment bankers with over six years of experience. They have personally had a hand in helping over 100 professionals start their career in hedge funds, investment banks, fund managers, consulting firms and private equity companies. They are the experts that can help you make that investment banking career change and get you on the right road to a successful career.

There are many different areas on this site to help you. There is a section dedicated to the seminars offered to help you get ready for entering the job force in the investment sector. For example, you will find seminars that relate to applications and creating just the right investment banking CV. There are also courses in how to land a job in commodities. These courses are taught by the people that know what investment banking firms are looking for. You will have the edge over other applicants when it comes time for the application and interview processes. These seminars are offered in London UK and for a very reasonable price.

Probably one of the most important features you can find here is the Elite Investment Banking Coaching Programme. You can purchase this complete learning system that includes a one hour initial consultation with your dedicated coach. They will help you determine what your goals are, how far you are into your job search, and what you might be able to do to improve your overall skills.

You will also receive a full half hour phone consultation once a week to help you develop your interview techniques and create the perfect investment banking CV. There is unlimited SMS and email support.

This terrific package also includes tickets to any of the seminars and these are guaranteed tickets. You dont have to worry about the seminar being sold out. It also includes two books that are a must have if you are entering the world of Banking and Finance. Finally, you get a money back guarantee. If you are not completely satisfied at the end of 30 days, you will get a complete refund.

If your current resume is not up to par, Helpmegetajob offers investment banking CV writing services to help you stand out in the crowd when you apply for a new job. The CV is often the first thing a prospective employee will see, so it must be perfect.

When it comes time to address your investment banking career change, its time to go to Helpmegetajob. You will find the information you need to get ready to make yourself invaluable to the businesses you feel are best suited to you. You can learn how to create the right investment banker CV that stands out among the other applicants to make sure you get that all important interview. No matter what level of help you need to begin your career in the investment banking world, you can find it at Helpmegetajob.

IP Change for Safe Online Banking

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By frequent IP Change e you can make your online banking more safe. The number of business transactions made over the net these days has increased temendously. Online banking is now growing faster as compared to other financial transactions. The internet has now become a popoular avenue for banking, shopping, and financial transactions for both businesses and consumers alike. What is actually existing as internet security suites are still lacking in defense against online theft and fraud. With the introduction of a fresh technolgy using the fundamental concept of IP change as well as data encryption, online banking security now becomes even more strong.

With internet as a tool, banking now becomes faster and stress free. With internet also comes an increased risk for online theft and fraud whose number is rapidly increasing as well. Internet is inherently an insecure platform because you are simultaneously connected with world. Computer viruses, spy ware, mal ware, key loggers and a variety of other security threats have been there almost from the beginning of the widespread use of the internet. Unfortunately, there exists great programmers who are deviant and are one step farther than the current internet security industry. Thus, there always occurs a war between the cyber criminals and experts of online security. Even if there exists internet security softwares including anti virus, anti spy ware, identity theft protection software, and the like, still these are not sufficient for online banking protection.

Cyber criminals are experts in breaking firewall and if they do, all your essential records including your login password and account numbers may fall into their hands. Given this, it would be a lot easier for them to get into your network and grab the data you send via the net. With the use of wireless internet connection, everything is still dangerous even if you have an efficient internet security software.

For a safer online banking, various safety measures must be taken, such as hacker proof passwords, frequent, change of passwords and update of browser, operating software, and internet security software. Subsequently, a closer look and remedial measures at the most sensitive points for enhanced security must be taken.

In order for hackers and online banking thieves to penetrate your computer system they need to know your computer’s IP address, short for Internet Protocol Address. The IP address is actually a unique number composed of six digits depicting your concrete location via the net. Such IP address is given by your ISP (internet service provider). You can only be safe if your IP address will not be revealed to other people online. There is now a readily available technology for you to make faster IP Change. This is possible with the use of various proxy servers not having same IP addresses. With the help of software (IP Changer) you can route internet connection through these remote proxy servers and change them frequently. Thus, every time you are on the internet, nobody else can access your actual IP address. It is one of the addresses of the Proxy servers others see, thus effectively hiding your IP address. You are thus able to search the internet anonymously and securely. For further security, the information is encrypted thus making it extremely hard to be hacked between your computer and the proxy server.

So when banking online you are securely connecting to the proxy server and then on to secure servers of the bank. When you are submitting log in information or your private identifying information such as social security number and financial information it is all done securely and anonymously. This is extremely valuable and important when banking from public locations such as libraries, book stores or hotels where unprotected networks such as the wi fi are used.

Truly, there is not a 100% full proof security, but this one is the best among the recently available technologies. This small yet efficient concept of IP Change allows all these to happen.

The Core Banking Juggernaut Rolls On

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A lot has been said on the crying need for and the challenges and risks of core banking replacements with arguments and rationales flying fast and thick on both sides of the fence. 2005 has, in many ways been a watershed year in this regard, with the dust having settled down to a large extent and new age core systems leaving an indelible imprint on the banking landscape, at least to the extent of gaining acceptance and engulfing few legacy systems in its wake. The verdict is finally out given the move by some of the larger, Tier 1 banks in taking the plunge and embarking on a total overhaul of their core processing platforms.

This article seeks to highlight some of the trends in the core banking space and what 2006 holds out for banks and ISVs, as well as some of the critical success factors that banks need to be mindful of, in order to derive the maximum out of their core banking transformation initiatives.

The Story so Far…

What started off more as a promising outlook in the beginning of 2005 has been transformed into a huge wave that is only accelerating in momentum. The last 12 months have seen a number of Tier 1 universal banks take that first big step towards transforming their core systems. This wave has attained global proportions with banks across Europe, Asia Pacific, Australia etc. biting the bullet with the Americas looking at the proceedings with keen interest and likely to follow suit as well. After the whole-hearted acceptance of channel technologies through the 90s and the turn of the millennium, designed to provide an anytime, anywhere banking at virtually the customers fingertips, it is now the turn of the transaction processing systems to dominate the arena and transform banking processes and practices the world over to achieve higher levels of differentiation, agility and operational efficiency.

According to a well-known research firm, core system replacement spends in 2005 stood at about USD 13 Bn and are expected to rise to USD 34 Bn by 2010. It is estimated that the total spend on core system transformation (including hardware, software, network, IT services etc.) by European banks over the next 10 years could be as high as E100 Bn with budgets for software and services going up to E250 Mn for some banks. With 69% of European banks having embarked on a transformation of their core systems, either in terms of taking the plunge or having taken the first steps in staking out the core system space, the stage is set for new age core systems to dominate the European banking landscape, after having tasted major success and acceptance in the Asia- Pacific, Australian and CEE markets. The next couple of years alone could see core banking vendors, ISVs and IT solutions and services providers raking in as much as E10 Bn only through core banking replacement projects.

The clear growth potential as well as the highly fragmented nature of the core banking market (presently there could be well over a hundred solution providers and over a score of global vendors) with no clear market leader emerging saw some of the big names training their sights on and slowly moving in to take advantage of the opportunity. Among the notable ones are Oracles recent announcement of taking over an Indian vendor and SAP making the right noises about developing their own solution as well as explore possibilities of alliance/ buyouts of existing, wellentrenched core banking solution companies. This also saw the emergence of alliances like SAP-Accenture and a large number of such partnerships borne out of a need to leverage each others strengths and offer an end-to-end IT services and solutions proposition. It is only logical to assume that this trend is here to stay and will only snowball into gargantuan proportions given the attractive growth rates and margins this segment has to offer.

Crystal-Ball Gazing

While there are quite a few numbers and statistics to suggest that the core banking wave will only accelerate in momentum, size and force, what is probably of greater importance and interest is how this journey will pan out in 2006 and beyond.

Going forward, one would see a complete confluence in the paths of banks and ISVs through the role of core banking systems in the banks quest to re-define their very existence and survive and flourish in an intensely competitive and globalized banking landscape. Factors like operating efficiency, scalability, agility and time-tomarket, harmonization of enterprise-wide processes, a proactive approach to risk management and regulatory reporting, and most importantly a lowered total cost of ownership (TCO) of their IT infrastructure have assumed considerable significance for contemporary banks and will be the key drivers in selecting the chosen platform to power banks into the next orbit and beyond. This bodes well for new-age systems given the overwhelming and (now) oft-talked about limitations of legacy platforms in terms of architectural rigidity, complex interfacing needs, considerable manual hand-offs and lack of STP, real-time capabilities as well as high costs of installation and ongoing maintenance apart from the massive risk of technological obsolescence that could well be a major dampener in a banks quest for agility, efficiency and greater regulatory compliance.

With the high adoption rates of new age core processing platforms (few examples that come to mind are DBS adoption of the Finacle solution from Infosys and various banks like HSBC, ABN AMRO etc. at varying stages of transformation), more and more banks will embark on this path. An equally significant number of banks would go through 2006 closely watching the outcome of these transformations in the banks that have taken the bold, first step before embarking on a similar step.

For long, the North American banks seem to have been by and large untouched by this transformation given the greater dominance of legacy applications and the myriad of systems that have mushroomed around these legacy platforms. The threshold of transformation for these banks is probably a bit higher than for banks in Asia Pacific, Europe, and the Middle East. Few banks have tried to delay the inevitable through some process reengineering initiatives, large customizations of their existing, dated technologies through superficial wrappers, costly workarounds and porting of old technologies to new, faster platforms. However, banks are realizing that they have probably capped out on the benefits through these initiatives, and nothing short of a complete overhaul of their IT platforms will enable them to sustain the onslaught of the new age banks as well achieve their stated financial, customer and stakeholder objectives. So, whilst the pace of transformation may vary based on the banks operating environment, the relative degrees of maturity and consolidation of their respective businesses, what is inevitable is the eventual transformation of the banks platforms to new generation technologies.

Consolidation in the core banking space will continue at a frenetic pace. More and more of the larger ISVs will want their share of the core banking market and are more likely to buy out existing platforms and leverage the advantages of an existing, proven solution and a captive customer base rather than engineer a solution from scratch. This obviously foretells bad tidings for the relatively smaller, marginal solution providers, who could see their market shares evaporate rapidly and eventually become acquisition targets for the majors. Successful ISVs and solution providers will need to operate through a combination of organic and inorganic growth strategies to capitalize on this wave and deepen their hold in this market. Like the ERP wave, this wave is likely to well last for quite a while; at least through this decade and beyond.

Strategic challenges facing the banks stakeholders

Whilst new age platforms undoubtedly offer great promise, banks need to be mindful of the critical success factors, which if properly understood and addressed will ensure a smooth transition for the bank and its customers as well as provide a vastly improved and agile business environment. Some of the critical success factors could be:

When to Transform – Banks need to clearly understand the maturity and readiness levels of their own businesses, their stated long-term as well as short-term business imperatives as well as their own operating environments before embarking on a core system change. This will enable them to set ambitious, yet realistic expectations from the transformation, both in terms of time and business benefits.

Key Expectations From the Transformation – Banks need to identify clear business, customer and any other tangible/ intangible benefits they need to achieve from the transformation. Whilst most stakeholders could have varying expectations i.e. A CIO will expect a well-integrated operating environment and a low TCO, a marketing manager the flexibility to design and roll out new products, whereas a COO would be more concerned with streamlined, straight through processes and minimal operating risk. It is critical to have complete clarity on the desired outcomes from the transformation, at a short, medium and long-term level.

Change management and transitioning strategy – Adopting a new technology without streamlining the existing processes (which typically would have been configured keeping in mind the limitations and capabilities of the existing platform) seldom yields the desired business benefits. Hence, a core banking replacement inevitably brings with it changes not only to the IT environment, but also a major overhaul of business processes, greater degree of process consolidation and harmonization, and therefore, a re-definition of the organization structure and roles and responsibilities of the bank staff. This transition needs to be properly managed in terms of clear, consistent and timely communication on the business benefits expected from the transformation and the consequent impact on the banks financials, its market position and the employees themselves. Ultimately, employee buy-in and acceptance of the new operating environment will be the single most factor determining the success of the replacement.

Choice of Technology – Given the trials and tribulations associated with core system replacements, it is important that the banks stakeholders identify the right technologies to work with right in terms of future-proofing the bank against technological obsolescence, ease of interfacing to other applications within and external to the bank, as well as ease of modification of business processes and features to respond to business opportunities in a fleet-footed manner, and most importantly the extent of automation, STP and real-time capability the system offers.

Conclusion

The core banking landscape is poised at one of the most exciting and defining phases and is likely to witness considerable momentum, debate and analysis over the next few years. This is also the most opportune period for banks and ISVs alike to leverage off the transformation opportunity and create history for themselves. The next 2-3 years will undoubtedly see, in good measure avid discussions of banks success stories enabled through new-age technologies as well as the odd instance of new-age systems not being able to deliver on their promise. What is of essence is that this is probably a unique era in the age of core banking systems, which banks and ISVs need to fully understand in relation to their business dynamics, define a clear vision of their expectations from the technology transformation, align their stakeholders and operating environment towards the same, and most importantly monitor this transformation closely to re-define the battleground and etch their names in the banking hall of fame.

Investment Banking Career Change All The Help You Need To Complete An Investment Banking F

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If you are considering an investment banking career change, you may have already found out that its not the easiest thing to do without some sort of help. Helpmegetajob is the perfect place to start. This website is dedicated to helping people make that investment banking career change. There are many tools, tips, and techniques available here and you will be surprised at how easy this site is to use.

Helpmegetajob is the premier site in the United Kingdom for making the investment banking career change. On this site, there are many sections dedicated to the different areas of investment banking and the skills needed to land a job in their field.

One of the best parts of this site is the seminars offered by Marathon Financial. There are seminars and courses available that will help you complete an investment banking application form, cover letter, and resume. Youll receive information on interview tips and techniques, as well as specific advice on how to find and land the investment banking job that is right for you. These seminars are offered in London are taught by some of the great minds in the banking and financial industry.

Another great area of the site is the section about the Elite Investment Banking Coaches Program. This is a comprehensive program that offers one-on-one coaching sessions to help you set forth a specific list of goals and how you can accomplish them. It also offers phone, SMS, and email support, so you can always find the answers you are looking for.

When you sign up for this program, you will also receive two tickets for any of the seminars and courses offered. You dont have to worry about a class that sells out either. These tickets are guaranteed and you will have two seats to the seminars of your choice.

Helpmegetajob also offers bespoke services, such as investment banking application form instruction, help for building resumes and effective cover letters, and training in the financial markets. If your resume is outdated or just simply not written for the investment banking world, they also offer writing services as well.

You will find an area that offers free tips and techniques for effective interviews. When you interview for any job, it is a form of advertising. You will have to sell yourself to the employer and make them believe that no one else is better suited for the job. In order to do this, you will need to know the ins and outs of interviewing. There are specific things you need to say and other things you should avoid saying at all costs. This area of the site will walk you through the steps to a winning interview.

If you find you need some motivation, Helpmegetajob has a couple of great inspirational speeches and interviews. Al Pacinos inspirational speech and Richard Branson are both highlighted in this section. You can watch as an interview is conducted with Richard Branson, one of the wealthiest and most powerful people in the world.

All in all, you will have a very difficult time finding a site that has more information to help you with an investment banker career change. From interview techniques to completing the investment banker application form, youll find just the information you need to find that terrific new dream job.