Archive | February 4, 2017

Qiqqa Entrepreneur Wins 5k

James Jardine from the University of Cambridge in the UK won third prize in the post-graduate category of the Santander University Entrepreneurship Awards.

He scooped 5,000 for his company Qiqqa.com a company that provides free software which helps students and researchers manage information.

The awards aim to support and encourage university students to pursue their business ideas and are open to students from all 58 universities within the Santander programme.

To mark the fifth anniversary of Santander Universities in the UK, Santander chief executive, Ana Botn, announced an additional 1.5m of funding to UK universities, taking its total investment to 7 million during 2012, as well as 100 new mobility grants of 2,500 available to UK students to study abroad.

She also extended the banks support for small businesses with the launch of a new programme to place graduates from the countrys top universities on internships with SMEs across the UK.

The programme to encourage entrepreneurialism amongst graduates is a collaboration between Santander and its university partners and aims to promote the benefits of working for a SME to third-year or recently graduated students, while providing smaller businesses with an injection of talent not always easy to obtain by companies with limited administration resources.

Santander will work with its partner universities to find students and companies who will benefit most from the scheme and will help with placement and administration, including project management, as well as part-funding a basic salary for the students.

Ana Botn said: Youth unemployment and particularly graduate unemployment is one of the most pressing issues for the UK economy. We hope our new programme offering 500 student internships to SMEs can help provide our talented graduate community with the opportunity to gain vital experience in the work place, whilst opening their eyes to the benefits of working for smaller companies.

SMEs have not typically attempted to compete with the graduate recruitment schemes of the big FTSE players and we hope that this initiative will give a wider range of companies the benefit of fresh, young talent.

As the engines of progress and invention, universities have an important role to play in incubating the enterprises of tomorrow. Santander is proud to be supporting and recognising the entrepreneurial skills demonstrated by students through our Entrepreneurship Awards, as well as announcing an additional 1.5 million of funding to support British universities, taking our total investment to 7 million in the UK and 120 million globally, this year.
Photograph:James Jardine receiving his prize from Santander chief executive, Ana Botn

Video Conferencing – A Cutting Edge Technology For Banking And Financial Sectors

Nowadays clients hope to accept faultless and customized administrations in a manner that is advantageous for them. Feature correspondences can help Banks to enhance their client’s administration experience. Today video conferencing software might be custom-made to the Banking business through the procurement of video in their bank branches where physical staff may not generally be accessible. Master staff might be located at headquarters whether they are in Mumbai or Atlanta, and clients can have an entry to up close and personal counsel via virtual meet up from their nearby bank branches as and when they require it. Along these lines clients can even get access to nearby discussion whenever and in their native language.

Establishing a video communication channel in the bank branches, remains as a best administration tool to control key variables, including client, counsel, and other staff experience; endpoint interoperability; security; protection; confirmation; and necessity associations.

There are numerous ways for retail banks to build income and separate themselves through conference based banking services. The potential benefit of adopting video conferencing solution for banker would be the capability to scale the provision of expertise. Through this technology the financial institutes are able to reduce drastically their operational costs thereby increasing the revenues.

for banking sector not only to save time and money, but also to enhance the amount of customer acquisition. The following is the various ways where video conference is being used in financial institutes:

Banking sectors are providing one click access to their clients and prospects to avail anytime the online customer and technical support services.

Conducting webinars and online seminar session with client and prospects, regarding the terms and conditions of a policy

Through this solution the clients are able to connect instantaneously with the respective account manager and product experts.

24/7 face to face counseling and customer services

Virtual product trainings to branch offices around countries, by conducting training sessions virtually the banking sectors are drastically reducing their operational costs.

Effective communication and collaboration platform for internal communications

Loan Interviews: Loan interviews are the most common and the significant aspect in banks wherein, the customers are interviewed in such a way to explore whether the customer have the credibility to retrieve the loan. In this process, clients will be asked to submit the required documents, which serve as a proof that the client is capable to fulfill the loan installments. Normally this is done in physical presence. With the aid of interactive features in Video conferencing technology, the clients can share all important documents virtually live during the time of interview. The interactive feature of video conferencing solution includes file sharing, application sharing, desktop sharing, whiteboard sharing and co-browsing.

Finally, it can be ended that b> is a secured platform for communication for banking sectors to have confidential communication within the bank auxiliaries and with the customers. This solution has proven to deliver high ROI (Return on Investment).

The Banking Sector in the UAE

The global economic crisis in 2008 had a great impact on the U.A.E. Several banks reported that there were high non-performing loans from 2009 to 2011. Thankfully, the economy recovered well and quickly after the financial meltdown. The reason that the U.A.E. could recover so quickly, was because they immediately set up an additional liquidity facility of around 14 billion dollars, which was available to the banks should they need it, but was luckily not really used. This crucial move stabilized the banks, and prevented further repercussions from the financial crisis. With the proactive steps taken by the government, as well as the blessing of natural crude oil, the economy of the U.A.E was able to bounce back quite effortlessly from what seemed like complete bankruptcy to most people.

There are around 23 local banks in the U.A.E., as well as 28 foreign banks operating there. These banks also have special Islamic banking, which has become increasingly famous in recent years. There are different kinds of accounts available, and foreigners have the option of opening their bank accounts either in the local currency, or in a foreign currency. Almost all the banks in the U.A.E. allow their customers to avail of . The country in general is technologically savvy, and almost everything can be done over the web. Apart form this, all banks have ATM facilities, and customers of one bank can use the ATM of another bank. There is also a number of business banking facilities available to the large number of businessmen in the country. Current account holders can make cheque payments for all of their day-to-day expenses. Based on the credit of the account holder, overdraft facilities are also available to current account holders.

Whether you having personal or corporate banking needs, the banks in the U.A.E. are more than capable of helping you reach your goals. Even though they did meet with a slight set back due to the financial crisis, they have showed great power in being able to recover so fast, when most of the world is still reeling from the aftermath of the economic meltdown. The Central Bank of the U.A.E. has laid down several guidelines in 2011 to regulate loans and other banking services offered to individuals in an attempt to control all the banking to ensure stability. The export of oil from the entire gulf region has doubled since the year 2009. They exports have now reached 1 trillion Dollars. It is expected that by 2020, the figure will reach 2 trillion Dollars. With such promising figures, it is evident that the banking sector in the U.A.E. is really very strong.

This entry was posted on February 4, 2017, in Banking and tagged .