Bank finance articles and tips

Due to the banking crisis of 2008, the question of how banks can protect themselves against future failures has attracted the attention of regulators, banking experts and business media. An important area is the need for better transparency, mainly regarding remuneration in the banking sector, and how boards of banks should improve their corporate governance practices to reduce the chances of a repeat of the credit crunch.

The recent publication of Central Bank of Egypt draft Code of Corporate Governance for banks marks a significant step in this process. Banks together with their respective boards should pay close attention to the corporate governance guidelines.

The first gold coin standard was introduced by the United States government, and the American eagle coin is the base unit for the coin system in the country since as early as 18th century to 1933 when it was first introduced. At those time, only four standard monetary units in the United States namely the dime, the cent, the dollar and the eagle.

While the dime was worth 10 cents, the dollar was worth 10 dimes and the eagle was valued as 10 dollars. The eagle itself had its variations like the gold quarter worth 2.50 dollars, the gold half eagle with 5 dollars value, the standard gold eagle with 10 dollars value and the topper the gold double eagle valuing 20 dollars.The American eagle coins have been in the use as early as the 18th century only that they were available gold quarter eagle's back then which carried on manufacturing till around 1929. The half eagles also date back to the 18th century and they were also manufactured till as late as 1929 and the eagles were under use from the 18th century to 1933.

In this brief article we will look at two very different kinds of e-invoicing: emailed invoices and digital invoices. These are often perceived to be similar and/or equivalent methods but, as we will see, they are actually quite different.

Emailed invoices

Sending an invoice via email is usually done these days by attaching the invoice as an Adobe PDF document. This allows the invoice to be sent cheaply and quickly to the recipient who can use a free product (Adobe Acrobat Reader) to open and view it. The simple idea here is that once the customer has reviewed the document (and even saved it to his or her hard drive) he or she can then pay it...

When most of us think of financial freedom, we conjure up visions of complicated financial strategies. Financial institutions, banks, investment firms, your rich uncle, all claim they have the answer to your financial security. If you dig just a little deeper, you will find they are really more concerned with their own bottom line. Anyone can give you their best guess about what course of action will lead you to the promised land of financial freedom.

In all reality, financial freedom is a concept that lives in the mind of the individual. There is no exact route or procedure to follow. That is what makes "financial freedom "seem fleeting and always just over the horizon. Each individual views the notion of being freed from daily grind, from a different perspective. A young person may feel financially free after getting their first paycheck from a new job. Many elderly people feel free after they receive their first retirement check. A very successful business deal or a bank account with a high dollar amount will set off feelings of financial freedom and well-being.

Demand deposit accounts (DDAs) are evolving. With traditional decisioning software, consumers had wait time involved when opening a demand deposit account--they had to wait to find out if they were approved and if they were they had to wait to start using the account. However, now with new solutions, financial institutions (FIs) can use automated decisioning to open accounts effectively and efficiently and realize profits in the process. Automated decisioning is used to not only analyze consumer data to find out if they are credit-worthy, but is also used to incorporate steps into the decisioning process that enhance the customer experience, builds deeper relationships, and increases profitability for FIs.

When trying to woo underbanked consumers, financial institutions (FIs) must have a strategy because these consumers are a volatile group - they are cautious, demanding, and are liable to run away and never look back. They have the potential to bring substantial profitability to financial institutions, but have thus far appeared to be fickle and highly risky.

What does this all mean for enhancing customer acquisition?