Archive for August, 2013

08.25
13

Best Short Term Finance Management Training Courses Banking Delhi

by como ·

Best Short Term Finance Management Training Courses Banking Delhi: The one year PGD-AFPWM is a breakthrough innovation as far as post graduate professional courses in India are concerned. Conceptualized by Mr. Niamatullah, former MD SBI Mutual Fund and currently Director Academics of IIFP, this one year course provides to fresh graduates from any stream an opportunity to pursue a lucrative career in personal finance.

The one year at IIFP makes the student a dynamic professional comparable to the best in the world and ready to be absorbed in the industry.
IIFP continuously update and revise the course content to keep it relevant for the requirement of industry.

IIFP have innovated a unique teaching methodology where students are regularly given case studies and asked to apply their knowledge to find solutions of financial problems. Group assignments, presentations, continuous evaluation of lessons learnt etc are other highlights of this policy.

A significant part of the role of teaching fraternity is that of facilitators, guides and mentors.
IIFP has also developed world class study material and work books for the entire CFP Certification Education Program.

IIFP has received excellent feedbacks from student fraternity on the quality of study materials and this fact is amply reflected in the popularity of IIFP across the country for training and education in finance.

IIFP has a dynamic placement wing which closely interacts with the industry people, on a regular basis, and maintains excellent relationship with HR managers.

The placement department also plays an important role in grooming of students.

Some of the key activities performed by the department are
Career counseling to help the student select right profile and company
Helping the students prepare effective resume
Conducting mock interviews to help the students master the right attitude and skills

IIFP has about 95% placement record since inception. The average package provided to the PGDAFPWM students in the year 2010 was ‘ 3.5 lacs with ‘ 6.5 lacs as highest package. Around 60% of the students got a package higher than the average package.

08.24
13

Make Money Online With Small Investment…but Big Return

by como ·

I think one of the least talked about ways of making money online has to be promoting on the street. The reason is because as soon as the Internet became popular it was literally kicked to the curb! Originally, everyone was making money on the streets, either by handing out flyers, or placing lawn signs everywhere. If I were to tell you that you could still make money by doing this, youd probably call me nuts! Well, if you really want to think that, go ahead because I think this needs to be talked about.

If you want to make a lot of money extremely quickly, do this, I promise it works! What I want you to do first is go to a website called ClickBank and sign up (its free). What they do is manage a bunch of different products that you can promote for a commission. All you need to do is send traffic (people) to that product page, and if they buy, you make your commission. The correct term for it is, becoming an affiliate. Now the good part

Once youve done that, the promoting on the streets comes into place. After you pick a product that you want to promote on ClickBank, I want you to open up Microsoft Word, Notepad, whatever you use on the computer to write things. You will need to write 2 sentences about the product you are promoting, and make it catchy! Make the font extremely big and bold so that people can read it from far away. Then place your custom link to the product you are promoting at the bottom of it. (Its called your Hoplink and ClickBank creates it for you, its extremely easy.) Now after you have done that, I want you to print out about 100 of these. Fold them in half and take them with you on a walk around your neighbor hood. When youre walking, place them on the windshields of parked cars After youve run out, go home and log into you ClickBank account later that night. I guarantee youll be surprised!

This is exactly how I started affiliate marketing. I know youre probably thinking that this would never work and that its a waste of time. Well let me tell you something. When I used to do this, for every 100 I would hand out, Id get around 10 people buying. So lets say that I received $50 a sale. I would make $500 dollars every time Id go out and do this! Sounds a little more appealing now, right?

So go out and do this, I promise you if you just try it, youll start seeing great results immediately. If you want more tips like this about affiliate marketing, I highly suggest you join my free 7-day Bootcamp where I explain exactly how to make money with affiliate marketing, from scratch! And its free, whats better than that?

Check it out here: http://smonae22.tycsh001.hop.clickbank.net

08.23
13

Software encryption status quo and development trend of the industry

by como ·

Software developers usually use some kind of encryption technology to protect their software to prevent illegal use. Also need software encryption software is authorized to purchase content, in order to maximize the sales profit.

Software encryption technology is divided according to whether the use of a dedicated hardware-based encryption hardware and software-based encryption. Hardware-based encryption, encryption need to bind with a dedicated hardware device, the hardware encryption encryption locks, commonly known as a dongle. Software-based encryption, encryption does not require dedicated hardware, general binding digital license with the the terminal device hardware and software information, also known as the electronic authorization forms.

Simply think drive-based hardware encryption security than software-based encryption is not correct, because the more involved in software security, including encryption products, security, encryption policy design, application software, operating systems, , hardware, data communications, and so on, is a comprehensive technical areas, not simply by a to determine whether security.

In other countries, the market share of the electronic authorization and encryption locks are evenly matched. Habits and historical reasons, the encryption locks also occupy a certain market share. Encryption locks, however, is the network developed product of the times, is a pure client technology, lack of management and statistical functions, the presence of hardware production, logistics, driver installation inconvenience, not only the high cost, and can not be achieved network distribution and sales of the software, is gradually decline.

The development of the electronic authorization that is in the ascendant. Electronic license protection methods have become more and more integrated into the Internet technology, cloud computing and SaaS concept is not only more convenient to use and manage software electronic issue and be able to achieve, but also in line with today’s green low-carbon development concept, has replaced the encryption locks Exclusive the software encryption market trends. The more well-known companies in the world, Microsoft, IBM, Autodesk, SIEMENS, Adobe and other software are electronic authorization protection mode.

In the country, the use of encryption software developers lock higher rates, with foreign habits and historical reasons for the continuation of the following two reasons:

1 domestic manufacturers generally considered security encryption locks electronic authorization.

There are not any available electronic license products too high, the price of foreign electronic authorization.

In fact, with the growing improvement of the network environment, the network activation for most domestic users is not a problem. And also mentioned earlier, that the point of view of the security of encryption locks electronic authorization sided incorrect. From a realistic point of view, the encryption locks through hardware replication easier to crack, but completed piracy industry chain has been formed. Instead, electronic authorization because the hardware can not be copied, but also need to network activation and validation, in fact, have very good protection effect. In addition, the domestic has also appeared in some licensed products provide electronic 2-3 company must grow with the development of China’s software industry and grow up.

Therefore, the encryption software industry trends hardware, networking, and information technology. Below, we talk about, from the software encryption method specific to elaborate software encryption status quo and development trend of the industry.

First, the software encryption method

As mentioned earlier, the software encryption technology is divided into encryption hardware-based and software-based encryption.

A hardware-based encryption

Hardware-based encryption encryption locks, some important information, such as encryption keys to sensitive data, authorization documents, custom algorithms, etc. can be stored in the dongle.

The encryption lock interface form is divided into two kinds of parallel port and USB port. The parallel port is the early use of the form, because the mating inconvenient and conflict with the printer, and now has less use. Most developers use are USB interface dongle.

Encryption locks from the two types of CPU type, a microcontroller for CPU and another using a smart card chip as the CPU the microcontroller hardware itself easily crack or copy, so more and more high-end encryption locks using a smart card chip CPU, to prevent hardware crack. But more and more smart card dongle crack, first, because the chip is more and more advanced analytical techniques and instruments; smart card program to be written to the chip factory to manufacture in this session program may leak; encryption locks of the same brand the CPU procedure is the same, only different developers data and key, if these files are spread out, it is easy to copy.

Dongle has a certain degree of security strength, but there are also a number of drawbacks:

1) apply to the traditional one-time perpetual license, can not facilitate the achievement of the trial version and on-demand purchase

2) the presence of hardware production, logistics, installation and maintenance costs

3) can not be achieved the issue of Internet-based electronic upgrades, tracking and management

4) Once cracked, can be copied in large quantities, it is difficult to remedy

Two software-based encryption

Software-based encryption, electronic authorization, and specific also divided into two kinds of registration number and license file:

Registration code is also known as the serial number or authorization code, obtained by a transformation of the the software user computer hardware and software information, the available hardware and software information, including: CPU serial number, BIOS serial number, card number, hard drive serial number, computer name, etc. . Transform algorithm used a custom algorithm or standard encryption algorithm. User or first use of the software installation process, you need to enter the registration code to verify. After authentication, the software can be used normally. The approach has the advantage of the registration code protection is simple to use, the drawback is that security is not high, unable to achieve complex authorization requirements.

License file and the registration code to bind the same computer hardware and software information, just a registration code length restricts use of both hardware and software information, the license file can use multiple hardware and software information. Moreover, the license file can contain more information, so you can achieve the complex authorization requirements, and can even store some user information. The typical license file method is to use the private key of the asymmetric algorithm to sign the license file, while the public key is embedded in the software code. Asymmetric encryption and decryption process, the private key authorization server exists, it is difficult to crack through the analysis of authorization documents.

The advantages of the electronic authorization protection does not require additional hardware, and therefore does not need to install the driver and client components, electronic software issue. The drawback of the electronic license protection mode is not networked users need to manually extract the computer information, and then manually import registration codes or license, is not very convenient to use. In addition, the domestic electronic authorization few of the developers of the product, which also limits the popularization and promotion of electronic license protection technology.

Second, the software encryption industry development status

1. Encryption locks

The major foreign dongle provider SafeNet, Inc. in the United States and Germany Wibu.

Encryption locks provider deep Si Luoke and Feitian. The two companies because of the low prices, the first to introduce the smart card encryption locks localized well to occupy a certain market in the country.

2. Electronic authorization

Foreign company licensed products to provide electronic Flexera Software and SafeNet which, Flexera Software is focused on the field of electronic authorization, the product’s ease of use and functionality are doing better, but the price of the product is also very high.

The domestic electronic authorization products company the Beijing Biteansuo (BitAnswer), Shenzhen-use the (Euse) Safengine Company.

There are very few companies will develop their own electronic authorization scheme, but the developers to develop their own programs usually exist the following questions:

1) the development of non-professionals, there are many loopholes in the security

2) is difficult to achieve flexible licensing control, management and statistical functions very simple or no

3) are likely to be introduced in order to solve the immediate problem of short-term program, and produce far more than expected in the future due to the security, stability and scalability issues continued to invest

4) can not meet market changes brought about by the new demands on software licensing model

Software encryption industry trends

The software encryption industry trends is closely related with the development trend of the software industry. With the popularity of cloud computing and SaaS, provider of software products is change in the direction of the network and platform. Used for the majority of software developers, SaaS products can not only save a lot of hardware and software purchase and maintenance costs, you can also purchase demand, while reducing the use of risk, forcing platform providers to continuously improve products and enhance services to retain customers.

Toward the development of network and platform development is also a software encryption technology trends. The view on the current development trend, the encryption lock technology has developed very mature market is nearing saturation, slow growth. The existence and use of the hardware habit makes encryption locks can not keep up with the pace of development of the Internet era, will be replaced by the electronic license.

Electronic authorization license from early registration code form to the feature-rich documents in the form of changes in technology is undergoing authentication method from offline manually verify the development of automatic network authentication. Authorized management thinking of in particular, the electronic license technology from a single software license certification development as an authorized certification, authorization management and statistical information, and other function of both, greatly increased the authorized level of information for software developers.

Can predict the future of electronics licensed products should have the following main characteristics:

Unified authorized management platform: provided by third-party security professional software developers, based on the Internet’s one-stop software protection and authorization management platform, without having to install and maintain, low cost, easy-to-use.

2 Flexible License: support the authorization of the client software and the cloud computing model traditional software license; authorized press time, the number of functional modules; authorized to bind the computer hardware and software information, encryption locks, or by a user name and password authentication method for authorization.

Simple and friendly user experience: based on the WEB, anywhere access; Users can buffet purchase, activate and update the software, you can buy their own software to keep abreast of information; software developers can learn about software activation information and user information can be synergies by the members of the organization to complete the design of software license, implementation, management and maintenance work.

4. Cloud licensing model: This is a cloud computing model of software licensing. Traditional software is pure client implementation, authorization is also a client. Although cloud computing is the trend, but the transition difficult for traditional software would be a good way for a certain degree of cloud computing transformation. The concrete realization of ideas, the only software authorized transfer from the client to the cloud on the authorization server, so that small changes to the software, but you can instantly enjoy the benefits of cloud computing: high security strength demand to buy cloud storage .

08.22
13

Asiabiz Provides Personalised Employment Pass

by como ·

In order to facilitate the contribution of global talents to Singapore, the country introduced a new scheme called the Personalised Employment Pass (PEP).

Through PEP, foreign professionals are allowed to work in Singapore for up to 5 years and the holder is not tied to one single employer. PEP is granted based on individual merits and this visa can be applied individually without first securing a job in Singapore. There is a grace period of six months from the collection of the visa to secure employment.

Currently, the Employment Pass or EP can only be granted on the basis of confirmed employment with a specific employer. Unless the EP holder finds employment with a new company, the work pass is immediately cancelled and the EP holder has to leave Singapore the moment the employment ends or the EP holder leaves. A new EP application is needed when the holder needs to move to a new job with a different company or employer. PEP is granted on the strength of an applicants individual merits and does not tie the holder to any employer, thus, a PEP holder is allowed to remain in Singapore for up to six months in between jobs to evaluate new employment opportunities.

The following requirements are needed in order to be eligible to apply for the PEP:

* Must have a minimum monthly fixed salary of S$7,000 and the last drawn salary is not more than than 6 months at the time of application
* A former P1 category Employment Pass holder who resides overseas and is not unemployed for more than a continuous period of six months at the time of application.
* A current P1 category Employment Pass holder.
* A current P2 category Employment Pass holder with at least two years of working experience in a P category of Employment Pass and earns an annual income of at least S$30,000.
* A foreign graduate from institutions of higher learning in Singapore that has at least two years of working experience on a P or Q1 category Employment Pass (please take note that your annual income should be a minimum of S$30,000).

PEP pass holders cannot start their own company in Singapore. However, they are allowed to hold a minority Shareholding in the company including acting as one of the Directors.

Having a PEP affords job flexibility. They can be employed with any sector. In case they change jobs, PEP holders do not need to re-apply for a new pass.

PEP holders are also given the flexibility of a continuous period of up to six months without a job to evaluate employment or work opportunities. However, at this time, such PEP holders cannot leave the country.

Foreign professionals who are eligible for PEP are the following:

* Overseas foreign professional with at least S$7,000 monthly salary overseas. The last monthly salary overseas should be drawn not more than six months from the time of the application
* Former P1 Pass holders who are presently overseas residents
* Former P1 Pass holders should not be unemployed for a continuous period not longer than six months at the time of application.
* P1 Pass holders. Upon application, P1 Pass holders will be accorded In-principle Approval for the PEP
* P2 Pass holders. P2 Pass holders must have at least two years of working experience under a P Pass. A fixed salary of at least S$30,000 should be earned by them in the preceding year.
* Q1 Pass holders. Q1 Pass holders must have at least five years of working experience under a Q1 pass. They should earn a fixed salary of at least S$30,000 in the preceding year.
* Foreign graduates from tertiary academic institutions in Singapore. Foreign graduates from tertiary academic institutions in Singapore with at least two years of work experience on a P or Q1 Pass. They should earn a fixed salary of at least S$30,000 in the preceding year.

08.12
13

Sbi Hike Home Loan Interest Rates

by como ·

Although the bank will continue with its 8% teaser rate which the SBI had introduced more than a year ago for the first year, it has increased rates for the subsequent years, effective April 1. The hike in home loan rates by SBI was triggered by the recent increase in its cost of funds.
Till March 31, SBI had two schemes The Easy Home Loan (up to Rs 50 lakh) and Advantage Home Loan (above Rs 50 lakh). From April 1, both the schemes have been merged and extended for a month,” an SBI spokesperson confirmed to TOI. The rates applicable for new loans sourced from April 1 till April 30 are 8% for the first year, 9% for the second and third years and floating rate at 1.75% below SBAR (SBI’s equivalent of prime lending rate, or PLR) thereafter,” the spokesperson added.
So in effect, the home loan rates for the second and the third years have gone up by 50 basis points (100 basis points=1%), from 8.5% earlier to 9% now. While fourth year onwards, at the current structure, the interest rate will be at 10% per annum, since currently SBAR is at 11.75%. Earlier, from the fourth year onward, the floating rate was at 2.75% below the SBAR and the effective rate was 9%.

Under the new rate structure (assuming a 10% rate from the fourth year), on a 20-year loan of Rs 30 lakh, a customer would have to shell out about Rs 3.9 lakh over the tenor of the loan. Thus the effective rate that the customer would be paying over the 20-year period is 9.5%.
Explaining the rationale for hiking rates on home loans, the SBI spokesperson said it mainly reflected the increased cost of funds from April 1 stemming from the new methodology for paying interest in savings bank accounts on daily balances.” In April 2009, Reserve Bank of India (RBI) had mandated all the banks in India to move to a new methodology of calculating interest rates on savings bank accounts that would add interest on a daily basis. This is a significant departure from the earlier practice of calculating interest rate on minimum balance after the tenth of every month.
For sometime now, with the annual rate of food inflation hovering around 20% level and the yields on benchmark 10-year government securities around the 8% mark, bankers and home finance veterans were talking about the possibility of a hike in interest rate in the economy. And now with SBI, the country’s largest bank, hiking housing loan interest rates, industry players are almost sure that interest rates have bottomed out in the current cycle.
Lately a number of banks and financial institutions, including the country’s home loan pioneer HDFC, have withdrawn their home loan products at 8% or at a slightly lower rates, and are moving to a more sustainable interest rate structure.

08.11
13

Benefits Of Trading In Nifty Option

by como ·

Everyone wants to high profit in stock market. In order to do that, they have to acquire knowledge about different options. If you are a medium or small capital investor then you can do more beneficial Nifty options trading. For this you have to acquire crystal clear conception about Nifty options. However, Nifty option is nothing but a product which can make you maximum profit. As for example, you will able to earn Rs. 5,000/- by investing only 10000/- in a single trade. This investment also carries risk but that is very low in amount. Rs10, 000/- investment carries highest risk of Rs 25, 00/- or less depending on your stop-loss trigger stage.
Option trading has more benefit because it needs 1/10th of usual or traditional stock trading investment. If you do Nifty option trading then you will able to earn more profit at the time of down market. The table drown bellow will give you an idea about the actual benefit if option trading.

Instruments
Investment
Risk
Reward (IntrDay)

Stocks ( 5% stop loss)
Rs.1,00,000
Rs.5,000
Rs.5,000 (5% Profit Margin)

Options (25% stop loss)
Rs.10,000
Rs.2,500
Rs.5,000(50%Profit Margin)

You can see a grate amount of money will remain in your hand. In this example Rs.90, 000/- will remain in stay in hand. You can put to other forms of asset or keep it securely. As you can earn same profit by investing little fraction of your capital, you need not to invest big amount.

To acquire perfect knowledge you can take help of internet for Nifty option training. You will find different site which will provide you training for Nifty option. Probably you always get some tips and or signals from marketers. You will have to careful about it because the tips and signals are quite false given by those people who influence the market for their own purpose.

It will be very dangerous for anyone if he start Nifty option trading without proper guidance and perfect knowledge. So, before starting it you should take a proper guidance.
If you take training from an association then they will teach you the fundamental and technical pointers of entering into a Nifty option trade.

They will offer real time Nifty option trading simulations. Make you ready to take a Nifty Options Trade as soon as you terminate the course. Nifty option is not a daily trade. It requires exact time & value to buy & sell to enter into a beneficial Nifty Options trade with the least risk.

08.11
13

Make the Career in IT industry with MCITP Server Administrator Certification

by como ·

The varied MCITP certifications improve the technical power of an individual United Nations agency undertakes these certifications principally. They mostly assist the IT professionals to grab and implement the art of deploying, back up, repairs and administration within the world of technology. The IT professionals having these MCITP certifications area units hottest over those that haven’t got any such certifications underneath their belt. The rationale is, the professionals having the MCITP certificates have deep and good data of this discipline that may assist the industries principally to grow and profit.

The high demand for people who specialize in the pc technical support space can be a significant reason why it will pay to earn a Microsoft Certification for MCITP: Server Administrator on Windows Server 2008. This certification goes to help you staggeringly in confirmatory whether or not you are able to perform crucial, current IT job roles by development Microsoft technologies to their best advantage.

Get associate MCITP: Server Administrator qualification to indicate your leadership and problem-solving skills in operational with MS Windows Server 2008. Server Administrator area unit recognized among their peers and managers as commanders among the daily functions management of MS Windows Server 2008. Exemplify and transmit your ability to want system-wide possession of MS Windows Server 2008 administration and increase your company’s come on technology investment by earning the MCITP: Server Administrator qualification.

To give IT professionals a high level MCSA-2008 employment and certification is vital. Even organizations lately, whereas hiring individuals to fill the actual roles of a server administration, choose to place confidence in MCSA 2008 employment and certification holders, to create certain that the candidate have applicable confidence among the abilities and have the required expertise for a selected job role.

Job Roles for MCITP: Server Administrator certified professionals. The MCITP: Server Administrator certification can assist you develop and validate your skills in your gift position, or inspire you to a future role, such as:
Windows server administrator
Server systems administrator
Monitoring operator
Network administrator

MCITP: Server Administrator demands: MCITP candidates earn their MCITP: Server Administrator certificate by successfully finishing three MCITP tests: two Microsoft Certified Technology Specialist (MCTS) requirement communications and one delicate Series exam. These exams area unit as follows:
70-640 MCTS: Windows Server 2008 Active Directory
70-642 MCTS: Windows Server 2008 Network Infrastructure
70-646 PRO: Windows Server 2008, Server Administrator

The MCSA 2008 certification can be a guarantee that displays the expertise level of associate IT skilled United Nations agency claim to own the right credentials to handle close to any server administration issue. Besides, opening mostly career opportunities for the Microsoft certified IT professionals, the worth and demand of such professionals can increase accordingly. With this certification, one is taken into account valuable assets for the organization and may continuously expect a decent regular payment raise.

08.10
13

Bankruptcy attorney Indianapolis – are you under financial stress

by como ·

If one is facing any financial difficulty then one need not hesitate to call their dedicated bankruptcy attorney in Indianapolis.

If one is facing any financial difficulty then one need not hesitate to call their dedicated bankruptcy attorney in Indianapolis. They have extreme qualifications and can guide their clients to your appropriate form of debt relief. This law firm provides personalized service and help their clients get the debt relief, settlement options and discharge. Their law firm offers complete representation as they work hard to help the clients become debt free. For every case, they represent and offer an excellent customer service and also free evaluation. One can take advantage of their firms committed representation legally by developing a clear knowledge like Chapter 7, Chapter 13, Foreclosure, Discharging debt, Exempt property and Garnishment.

Chapter 7 bankruptcy referred as liquidation bankruptcy requires non exempt asset that needs to be sold. Assets will be used to make payments towards non secured debts. Bankruptcy is most favourable for individuals when they are not able to pay off any of their loans. The individual should take means in order to qualify for Chapter 7. Second form of bankruptcy is known as Chapter 13. In this, debtors reconsolidate their finance so they gain the opportunity to pay their remaining loans. Main benefit of Chapter 13 is the individuals are able to keep important assets like their vehicle and home. So bankruptcy attorney knows the laws and can help the individual and can represent the case legally on behalf of the individual.

Bankruptcy debt would discharge actions which releases the debtor to pay certain debts. Creditors are prohibited from taking actions to collect the debt like personal contact and telephone calls. Debtors receive automatic discharge after filing bankruptcy. So if one files bankruptcy under Chapter 7, the individual is given the ability to protect some of his assets with state exemptions. Indianapolis exemptions include homestead property, motor vehicles, society benefits, insurance benefits, pension benefits and unemployment compensation. When one is facing foreclosure of your house in Indianapolis, one should file for Bankruptcy to save portion of their property. After filing, foreclosure proceedings would have to stop because an automatic stay is placed on the individual property. Automatic stay will give some time to reorganize the debts and develops a financial solution to prevent foreclosure. Bankruptcy attorney Indianapolis will guide their clients in a legal way as he knows all the laws pertaining to Bankruptcy. When one is facing any stress due to financial difficulty, one need not hesitate to call these experienced attorneys.

Author Resource:

James Stew writes informative and unique articles about indianapolis chapter 13 lawyer For more details Please visit here – http://www.wethingtonlaw.com/chapter-13

08.9
13

Do You Need To Find An Employment Litigation Lawyer

by como ·

If you require the services of an employment litigation lawyer because of allegations being made against your company by a former employee, get in contact with one in your area as soon as possible. It is important to fight back against false allegations in a timely fashion. Speaking with a legal professional can help shed light on the options that are available to you. It can also help to clarify whether there is a case going forward, or whether a quick and simple resolution can be found without going to court.

What you may or may not be aware of is that there are federal and state laws that are imposed upon both employers as well as their staff members. When disputes arise, they generally relate to the obligations and rights that are attributed to either party.

If you find yourself dealing with a situation where a worker felt that their rights were violated while working at your business, you will require the services of an employee litigation lawyer. Mounting an expert defense is paramount to clearing your company of any wrongdoing. While you should attempt to have the matter resolve quickly, if further legal action needs to take place, your attorney will be at your side working on your behalf every step of the way.

An employment litigation lawyer deals with issues related to employment and labor law. If a worker or former worker of yours brings a wrongful discharge claim, a discrimination claim, or a wrongful termination claim against you, the legal representative you hire can work to get the charges dismissed. Anything associated with benefits such as pensions or insurance, claims connected to hours of work, wages, workers’ compensation, or unemployment compensation are all issues that require the assistance of an experienced and skilled legal practitioner. No matter what grievance has been brought against you, hiring a qualified attorney to deal with the situation can help you resume your daily operations. Often, trying to take the matter on by yourself can lead to an undesired outcome.

No matter what the problem is, don’t expect it to go away on its own. Be proactive and take the necessary steps to fix it. Provide your attorney with all relevant documents related to the matter and be open and clear about the circumstances that led up to you relieving the plaintiff of their job duties. Don’t leave anything out. A strong case can be built for you if the facts are all laid out and everything has been disclosed. To protect yourself and the business you worked hard to build, you need the right legal representation.

08.9
13

The Challenges of Banking Outsourcing

by como ·

Banking has been a very traditional and conservative sector in any country. For ages, generations after generations, have been loyal to a particular bank that their families have been associated with. Whether it is the Royal Bank of Scotland and Lloyds TSB in the UK or American Express and Capital One in the US, people stay loyal to their banking partners.

The banking industry in the west took a huge risk in the last decade by using countries like India, China and the Philippines to outsource their banking and financial services. For banks, it was a step in the right direction to reduce the number of customers walking into their branches, the number of calls taken by banking executives at the branch and reduce the work load on their existing call centres.

They wanted to reduce costs of employing more people to cater to their ever increasing base of customers and provide better services to their customers besides gaining a competitive edge. For customers who have been used to traditional methods of banking such as visiting their nearest branch, were exposed to new and state of the art technologies. IT and IT enabled banking services were the new age success mantra for most banks in Europe and the Americas.

The focus of banks that outsourced parts of their business to other countries was to reduce costs and increase profits. Though their approach was cautious, there were loop holes in their strategy. AMEX was one of the first banks to set shop in India in the late 90s. Theirs was a captive centre. However over the years, more and more BPOs have shown their capability in handling banking and financial services with greater efficiency and effectiveness.

For customers of these banks, the challenge was conquering their fears of a stranger in a distant country having access to their account information and the mistrust in their ability to provide solutions. Besides, there were language and accent issues.

Some customers generally called their banks and surpassed the IVR to speak to an agent as they were not very comfortable dealing with a machine and others demanded speaking to their branch in their own country. Such issues lead to delays in service. This led to dissatisfaction amongst customers and forced many to choose banks that hadnt outsourced their work and catered to their needs from within the country.

Data security was also one the major concerns for banks. More than customers, banks have found themselves living on the edge with account details made accessible to BPOs in other countries. With data theft being a reality in countries like India, China and Japan, it was a proven fact that banking outsourcing wasnt foolproof.

For banks it may result in large law suits and a decrease in their customer base. Banks also had their reputation at stake. The third party vendors may follow practices that may be inconsistent with the policies and practices of the bank. Besides the political, social, legal and physical climate of the outsourcing country may impact banking services.