Financial consolidation is the process of combining financial data from several entities within an organization, for their reporting purposes. Business owner typically needs a diverse set of skills to succeed, including deep market knowledge, effective management of business operations and hard work. With that in mind financial consolidation report is one of the way to increase group of company’s sales and profits.
The economy growth in developing countries such as Indonesia and India increased in the last decade. Along with that, the development of fintech also increased. Alternative financing is needed to stimulate the economy. In particular, for the micro small and medium enterprises (SMEs). Since there are still many SMEs are having difficulties to gain access to bank, therefore financing models such as financial technology (fintech) is required to reach them.
With the technology supporting real-time transaction, any financial transactions conducted by customers can be instantly switched on and connected to the central office, saving recordkeeping time and employee performance.
Testing is a process is to identify any discrepancies from an application or software and of course to test the quality of a product that has been produced. Whether or not in accordance with applicable regulations.
When advanced countries like the United States, Britain, Japan and South Korea have long used cashless transactions in their daily activities, some developing countries such as Indonesia and Thailand are still promoting this program.
When we heard these terms “electronic payment” / “digital money”, there are actually one right term or the right way of how we call it. It’s called e-Money. e-Money is money in digital form that used to perform Digital Payment. The nature of e-Money is a stored value. The meaning of this value is stored owner of the e-Money should deposit a certain amount of money to the vendor of e-Money. Then, the new e-money can be used for digital transactions.
The power of human resources is the strength for every company. In banking and financial institutions, a competent human resources is a fundamental need. Especially in this rapidly changing world of technologies. Every banking and financial institution will have a continuous need to train and develop their human resources on new processes, financial instruments, technologies, and many other skills and projects.
As we all aware, the main goal of banks is to serve the customers better. The information regarding the products and projects need to be taught to the employees – especially to the sales persons in an effective timeline. This process can be made easy through e-learning, a method where the bank’s employees can get the information immediately.
Today’s society has many payment options in conducting financial transactions. With the development of digital money, the popularity of credit cards is now almost in parallel with e-money. This could be a consideration for financial institutions to develop their products, which one is more advantageous – credit card or e-money. Let’s look at both comparisons.
Financial technology – commonly known as Fintech – is actually not a new thing. Since the development in digital technology grew rapidly, finance industry is already starting to get a lot of attention and noting a significant progress. People’s habits in using the Internet, gadgets, and living practically has forced each line of business to consider the development of their technology.
Financial business is currently growing rapidly, especially in the digital world. It provides many opportunities for financial institution to seize market opportunities by providing online credit facility for the community. There are various types of loan in which the community needs; and to get that loan, usually one must come to the bank or finance company through a quite complicated procedure.