Raguragavan Sreetharan - Ragavan Sreetharan

Ragavan Sreetharan | Financial technology (also referred to as FinTech) is the use of innovative technology to deliver a wide range of financial products and services. It is intended to facilitate the multi-channel, convenient and fast payment experience for the consumer. This type of technology is effective in many different business segments, such as mobile payments, investment management, money transfer, fund-raising and lending. Raguragavan Sreetharan The rapid growth of financial technology has been very beneficial for consumers worldwide, such as the ability to serve customers that were not previously attended to, a reduction in costs, and an increase in competition. Raguragavan Sreetharan | Let’s take a look at a few of the benefits related to financial technology: Better payment systems  – this type of technology can make a business more accurate and efficient at issuing invoices and collecting payment. Also, the more professional service will help to improve customer rela...

Ragavan Sreetharan | For graduates obtaining a degree is just the beginning. The real life challenge starts when they start hunting for a job. Of course, everyone wants to have a stable and performance-oriented career in order to earn a good living. As a newcomer, you might face difficulty in picking up the right career option or you might get stuck while deciding which industry sector has the highest need for new professionals. Have you ever thought of a career in the banking industry? A career in banking sector is indeed a lucrative career option. The banking industry is ambidextrous, which means it offers a range of positions catering to a broad spectrum of skills and talents. The best part about this sector is that it has multiple sub-industries enveloping distinguished opportunities. Banking jobs are an excellent career option for many number of reasons. Job-security, career advancement opportunities, fancy salary packages, and most importantly, job satisfaction. India has a huge...

Ragavan Sreetharan | There are many options today. With little documentation and little running, you can find the bank that fits your finances. Ragavan Sreetharan Here’s how: Choose a bank that is good for your daily activities. Search banks that are easily accessible, you can found on your way to work or when you have to do several payments. Check the websites at several banks. There you can learn something about the types of accounts, available services and interest rates offered, long before entering the bank. Think about what is most important for you when choosing a bank. If you want to put up a personal relationship, on a long term, it is possible that a small bank is better for you. If you travel a lot and need branches in other countries, it is recommended to choose the larger banks, international. Think about what kind of transactions you make. If you want to make online transactions through ATM ‘s, then choose the bank offering these services. Visit the branch where you will...

Raguragavan Sreetharan | The business of banking has changed dramatically over the last decade. Because the cost of doing business the old-fashioned way is no longer effective, banks are interested in changing their customers’ behavior by encouraging electronic banking alternatives whenever possible. They have done this by charging high fees for services that were once free. If you pay $200 or more in annual fees for banking, it’s time to do some competitive shopping. Before becoming furious with your bank, it may be that the products you’re using no longer meet your personal needs. If you have an established relationship with your bank, inquire about the other types of lower-cost checking and savings account products. – Raguragavan Sreetharan Raguragavan Sreetharan By understanding the rationale of why a bank charges fees for different services will allow you to be a savvy banking customer. If human contact is required to serve you, such as a teller or personal banker, this is very ex...

Raguragavan Sreetharan | Breaking down the process into small individual tasks The small tasks involved in starting a new business can often times add up to become a seemingly overwhelming process when looked at in their entirety. It is important to remember that most of these tasks really are small, and looking at them as such makes things seem a lot easier. In this article I will focus on what I looked at in my situation in order to setup my business banking accounts. Raguragavan Sreetharan Prior to setting up my banking accounts | Raguragavan Sreetharan To get to this point I had to complete a series of other small tasks in order to have everything ready for setting up my business banking accounts. This included setting up my business address, completing my limited liability company paperwork and receiving my LLC paperwork back from my state’s secretary of state office, and applying for and receiving my Federal Employer Identification Number from the IRS. Since at this point in my b...

Ragavan Sreetharan | A banker is a professional, who deals with the funds possessed by the customers and helps them manage it. These professionals hold great communication skills and ace the art of customer service. Their every day work involves dealing with the customers and helping them choose the beneficial investment plans, thus a detailed knowledge of the banking services is crucial to them. For all those aiming to find their abode in the banking sector, the future looks promising. In the years to come, banking is expected to be among the sectors creating a maximum number of jobs. If we are to believe the sources, banking is anticipated to created 7-10 lakh jobs in the next decade. It is even expected to be among the top job creators in the year 2014. Behind this lie many reasons, one of which is the public sector openings that are to come up in the years to come as half of the staff employed by the public sector banks is expected to retire soon. Besides, the hopes of new banking...

Raguragavan Sreetharan | There are many financial institutions around the world today. These help to take care of your everyday finance needs. These can be anything from money to buy your graduation dresses or more serious affairs like poor credit auto financing which will help you to get an automobile even if you have bad credit. All these financial institutions make life a little enough for those that are not so fortunate with money. Ragavan Sreetharan If there is a necessity or a medical emergency that requires immediate financial back up then you can rely on such institutions to lend you the money. The money that you take out of the bank is called a principal. This is the amount that is given to you and part of the amount that you need to pay back.   This is the primary amount. The additional payments that you would have to make along with the principal are the interests. The interest is what the bank charges you for their services to you. (Raguragavan Sreetharan) This is usual...

Raguragavan Sreetharan | Discussing family accounts as a way to build credit, it was mentioned that people starting out will usually have student loans as their first credit account, unless they obtain a car loan or credit cards tied to a family member with credit history. Student loans are a tricky area of installment credit history because they are not looked on as favorably as you would imagine. You might think that having opened student loan accounts when you first went to college would show a history of the account, but in actuality, only when you start making your first payment will student loans count as “credit payment history.” Most student loans are in a deferred status as long as you are in school. Once you are out of school, you have one to four months before the companies begin asking you to make monthly payments that pay down the principal and interest. Raguragavan Sreetharan Yet, when you have student loans, you have an “amount owed.” This amount owed can actually be red...

Raguragavan Sreetharan – No matter how brilliant a business idea might be, certain deal breakers will stop it in its tracks. Deal breakers are the secrets you would rather not share with your business analyst or banker, though you probably should. Raguragavan Sreetharan If you’re applying for a loan to start or grow a business, here are some common deal breakers you should know about: Inadequate Equity. You have undoubtedly heard gripping stories about folks who wangle 100% financing without investing a dime of their own. Those tales make great fodder for talk shows and infomercials, but lack of equity is usually a deal breaker in the real business world. Unless you’re borrowing from love ones, start-ups should plan to bring at least 20% equity to the deal. Cards & Toys. This means ballooned credit card balances and a backyard bursting with toys, such as boats, bikes, and skidoos. There is nothing wrong with owning toys if you can afford them; it’s the high interest loans with outs...

Ragavan Sreetharan | Banking jobs, especially investment banking jobs are very much in demand. Every young kid who is good with figures wants to be an investment banker. Why? This is simply because investment banking is one of the most lucrative jobs around! But we all know that it takes time and dedication to succeed. You need to start off with entry level banking jobs just like everyone else! Some Job Profiles Having said that, I must tell you that investment banking is not the only banking job around, there are different types of banking jobs, but it is not surprising that about 67% if the total banking jobs are those of a bank teller's. Some important job positions in a bank are: Bank Manager - The man who runs the show. You need to supervise the daily operations of the bank and find out whether bank employees are doing their work as planned. Accountants - If you are good with accounts and are qualified, you can become an accountant with a bank. This job is an important one b...