FinTalk World

10/10/2022

FinTalk World proudly launches the October edition of FinTalk World Magazine. This 30-page digest brings the best of content from the Finance industry.

In this edition:
: The Discipline of Creation – Managing Flows

Top Stories:
1) IoT and sector, an upcoming boom?
2) The changing face of insurance
3) The boom of management sector
4) The guide to life
5) The landscape of wealth management sector
6) , A bounty for the global insurance sector
7) Is insurance the next big thing?

Download your copy of FinTalk World Magazine here:- https://lnkd.in/dEd2EXwi

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29/09/2022

FinTalk World Talk Show with Wael ElGendy, CFO - Countries Controller at Nestlé.

Highly accomplished and results-driven executive with 30 years of experience accomplishing and exceeding financial goals, overseeing the investment of funds, and assessing and minimizing associated risks of Nestlé, utilizing a unique blend of accounting and financial as well as business operations management attributes.

My credible history of success is directly related to improving financial performance of many countries within MENA region (Morocco, Algeria, Tunisia, Libya, Sudan, Iraq & Yemen), as well as the legal entities based in Dubai including Nestlé Treasury Centre and all Principal Companies.
Employers recognize me for enhancing process efficiency and growth through the evaluation of financial management systems and implementation of cost reduction strategies that deliver substantial savings across business lines.

Watch the full Interview here: https://youtu.be/HmWUFAy67xo

Highly accomplished and results-driven executive with 30 years of experience accomplishing and exceeding financial goals, overseeing the investment of funds,...

09/08/2022

FinTalk World proudly launches the August edition of FinTalk World Magazine. This 30-page digest brings the best of content from the Finance industry.

In this edition:
: future trends in

Top Stories:
1) How is helping the insurance sector to transform?
2) A global overview of the operational standards.
3) How Financial can be helpful for the future of startups?
4) All about the latest trends taking place on the current Project
5) How have management services been enhanced with the use of tools?
6) About the Global Financial Services market of 2022 – 2028.
7) How will change the global banking system in the days to come?

Download your copy of FinTalk World Magazine here:- https://lnkd.in/dEd2EXwi

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01/08/2022

Every first Monday of August is celebrated as Commerce Day. This year, it falls on 1st August 2022. At its inception, it was only meant to be a public holiday for blue-collar workers, but it quickly caught on with many European countries. It is a day to commemorate workers’ daily services and sacrifices.

Commerce Day is also known as “Fridagur verslunarmanna” in Iceland. The idea to observe it came from Denmark and is still going strong in Iceland. The first Commerce Day was celebrated on 13th September 1894, in Reykjavik, Iceland. The public holiday aimed to give commercial workers a day off in the summer. With time, it became more popular with people from various sectors. It was in 1931 when Icelanders came to a decision to make the first Monday in August Commerce Day.

Even today, Commerce Day is a beloved Icelandic holiday. At present times, it is marked by lots of outdoor festivals, recreational activities, camping, and parties. This commerce day, let us come forward and express our gratitude to our workers. Make an effort to spread awareness among people about this day, and encourage them to show their gratitude for workers’ efforts.

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28/07/2022

FinTalk World Talk Show with Siddharth Kumar, Assistant Vice President at HSBC Bank

Siddharth is Assistant Vice President for Finance Change Delivery with HSBC Bank and has over 16 years of experience in the Finance and Banking domain. He’s responsible for delivering and implementing Finance change projects across Europe and Asia Pacific Regions for HSBC Global Finance. Siddharth has been leading several transformation initiatives for multiple reporting teams across the bank and has successfully delivered organizational change projects that have transformed the way the bank prepares its Financial Books. His areas of expertise include Business Transformation, Finance System Implementation, ERP and General Ledger Implementation, Standardization and elimination of manual financial practices, Information modelling and Data quality remediation.

In the current capacity, he’s working on the dual strategic objective of implementing a standardized data set that will be used for all reporting areas and enhancing the digital transformation capabilities using cloud technology. The areas directly impacted are Financial Reporting, Capital Reporting, Liquidity and Interest Rate Risk Reporting, Business Finance as well as stress testing.

Previously he has also worked for Fidelity International. Siddharth is an MBA – Finance from FORE School of Management and is a Certified Change Management Practitioner and also holds PRINCE2 certification in Project Management.

Watch the full video here: https://youtu.be/4YGaTGh7OTM

Siddharth is Assistant Vice President for Finance Change Delivery with HSBC Bank and has over 16 years of experience in the Finance and Banking domain. He’s ...

27/07/2022

Did you know!

2500 years ago, the Greeks and Egyptians traded goods and currencies with molten silver and gold coins and their value were determined by their actual weights and their size. The year 1880 is considered by at least one source to be the beginning of modern foreign exchange: the gold standard began in that year.

Prior to the First World War, there was a much more limited control of international trade. Motivated by the onset of war, countries abandoned the gold standard monetary system.The foreign exchange market is probably one of the most accessible financial markets. Market participants range from tourists and amateur traders to large financial institutions (including central banks) and multinational corporations

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24/07/2022

Did you know!

Clearing houses were first proposed in 1636 by Philip Burlamachi, financier to Charles I of England.After the legally binding agreement (i.e., ex*****on) of a trade between a buyer and a seller, the role of the clearing house is to centralize and standardize all of the steps leading up to the payment (i.e. settlement) of the transaction. The purpose is to reduce the cost, settlement risk and operational risk of clearing and settling multiple transactions among multiple parties.

A clearing house is a financial institution formed to facilitate the exchange of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms. Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations.

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23/07/2022

Did you know!

The first Online banking service was offered to consumers in December 1980 by United American Bank, a community bank with headquarters in Knoxville, Tennessee. United American partnered with Radio Shack to produce a secure custom modem for its TRS-80 computer that allowed bank customers to access their account information securely. Services available in its first years included bill pay, account balance checks, and loan applications, as well as game access, budget and tax calculators and daily newspapers. Thousands of customers paid $25–30 per month for the service.

Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.

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22/07/2022

API’s in banking

With digital banking proliferating around the world, open banking is now becoming a norm, forcing banks to change their business models. Its emergence in the financial sector has made the focus shift towards automating services with the implementation of APIs. To survive in the digital environment, it has become important for every concerned institution to adapt with the change.

Open banking is a system under which banks open up their application programming interfaces (APIs), allowing third parties to access financial information needed to develop new apps and services and provide account holders with greater financial transparency options. Instead of competing directly against fintech and third-party institutions, incumbents can leverage open banking to partner with them instead, thereby remaining competitive in the rapidly evolving industry. Also, open banking allows incumbents to interact with consumers.
Read the full blog here: https://www.fintalk.world/apis-in-banking%ef%bf%bc/

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API’s in banking Post author:fintalk Post published:July 22, 2022 With digital banking proliferating around the world, open banking is now becoming a norm, forcing banks to change their business models. Its emergence in the financial sector has made the focus shift towards automating services with...

20/07/2022

FinTalk World Talk Show with Mayank Holani, Chief Financial Officer at Schneider Electric.

Mayank Holani is associated with the Schneider Electric group since August 2011. He is a Chartered Accountant with post qualification experience of 19 years working with consulting as well as Indian, Scottish and French MNC’s handling Finance Planning & Analysis, Budgeting & Controlling, Accounts, Taxation, Internal Audit, Joint Venture Management, Business Partnering, etc. Prior to Schneider Electric, he has worked with companies like JK Tyre & Industries Limited, Chambal Fertilisers and Chemicals Limited and Cairn India Limited. Before moving to present role as CFO for Schneider Infrastructure in 2020, he held the positions of Finance Head for India Services business and before that worked in FP&A function within Schneider India.

He is a Post Graduate in Commerce from Jiwaji University, Gwalior, Fellow Member of the Institute of Chartered Accountants of India and also holds specialized qualifications on Information Systems Audit from ICAI and IFRS from ACCA.

Watch the full interview here: https://youtu.be/EBwhlS-DNsk

Mayank Holani is associated with the Schneider Electric group since August 2011. He is a Chartered Accountant with post qualification experience of 19 years ...

19/07/2022

Did You Know!

The cheque had its origins in the ancient banking system, in which bankers would issue orders at the request of their customers, to pay money to identified payees. Such an order was referred to as a bill of exchange. The use of bills of exchange facilitated trade by eliminating the need for merchants to carry large quantities of currency (for example, gold) to purchase goods and service.

There is early evidence of using bill of exchange. In India, during the Maurya Empir, a commercial instrument called the adesha was in use, which was an order on a banker desiring him to pay the money of the note to a third person.

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18/07/2022

Introduction of metaverse in fintech and banking

For some in the digital space, especially video games, the idea of metaverse is easy to understand. Whether it is a virtual space offering stimulation-based games, or the action-packed digital world of shooters, the idea of adopting a persona and entering a universe which is different from our real one, is something which gamers have appreciated for years.

Apart from the gaming industry, there has also been a growing interest of metaverse from the non-game-oriented businesses in a bid to find out, if virtual environments like the metaverse can offer a way to engage customers beyond the brick-and-mortar storefront or the smartphone-based app.

In the financial sector, audiences have already learnt the opportunity of how financial services companies might take advantage of many of the tools which metaverse provides. In 2020, Mastercard, unveiled an augmented reality app which offered cardholders a virtual tour of three reward categories. Their aim was to introduce technology in a way, which could deliver multi-sensory experience for consumers, every day, whether they are shopping, taking transit, or exploring the card benefits they care about.

Read the full blog here: https://www.fintalk.world/introduction-of-metaverse-in-fintech-and-banking/

Introduction of metaverse in fintech and banking Post author:fintalk Post published:July 18, 2022 For some in the digital space, especially video games, the idea of metaverse is easy to understand. Whether it is a virtual space offering stimulation-based games, or the action-packed digital world of....