Highlight the benefits that you can give To achieve this‚ you first have to do some research about the services that your competitors can offer. After this‚ you should then identify your USP‚ or unique selling point‚ which is the feature that you‚ and no one else‚ have. Once you have identified this‚ you can now inform your target market about the advantages that you have over your rivals. Doing so will make it easier for your clients to choose to transact with your firm instead with others. Develop
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INTRODUCTION Central Banking is one of the most useful institutions which human ingenuity has developed to help the society in managing its collective financial affairs. Every country‚ these days has a Central Bank which controls its entire banking system. Few countries had a Central Bank in the 19th century‚ but the popularity of the Central Bank has greatly increased in the 20th century. Today‚ there is hardly any country in the world which does not have a Central Bank of its own. After the
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Merchant bank is a bank or a financial institution which is more focusing on providing financial services and advice to corporations and wealthy individuals‚ so we can say that a Merchant bank is that which providing Private equity activities of banking. There are two types of banks which provides these private equity services and they are Merchant banks and Investment Banks and the main difference between these banks is merchant bank invest its own capital in a client company whereas an investment
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The Evolution Of Banking by Andrew Beattie (Contact Author | Biography) With the exception of the extremely wealthy‚ very few people buy their homes in all-cash transactions. Most of us need a mortgage or some form of credit to make such a large purchase. In fact‚ many people use credit in the form of credit cards to pay for everyday items. The world as we know it wouldn’t run smoothly without credit and banks to issue it. In this article we’ll‚ explore the birth of these two now-flourishing industries
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ONLINE BANKING is the banking service that allows the customers to conduct financial transactions on the computerized networks such as internet through secure website with a particular bank. Online banking has no physical presence so the customer can perform banking activities at any place which has got the internet network. Online banking comprises of two things that is internet banking and sim banking. Online banking through traditional banks enable customers to perform all routine transactions
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Islamic Banking Analysis Haythem Joudeh February 22‚ 2013 Abstract This goal of this research is to find out if Islamic Banking is a better alternative to the Western‚ Conventional Banking. The information provided will reveal various Islamic Banking principles that would have prevented previous major economic crises and if applied globally today could prevent a major economic collapse. Islamic Banking is banking system based on Shari ’a (Islamic) Law on which it developed its unique
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HISTORY OF CONVENTIONAL BANKING Around 2000 BC‚ banking was initiated by farmers and traders in Babylonia whereby‚ grain loans were made. Later‚ this new mode of ‘trading’ spread to Greece. Some developments were emerging as deposits and money exchange were initiated. Modern banking took birth in Italy in the 14th century and the most famous conventional bank was Medici Bank. The bank system spread to Europe‚ in Amsterdam in the 16th century where much innovation took place‚ in London in the 17th
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The Rise of Mobile Banking It is truly amazing how fast new ideas can manifest themselves in such a mysterious world filled with mystery and opportunities. These ideas are able to take on the world by full throttle with the strong encouragement of particular communities and groups of people. Within the finance world‚ new technologies have had such a substantial impact in a vast amount of areas. The ways of doing things are growingly simpler thanks to the massive contribution to this technology
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Branchless banking is a distribution channel strategy used for delivering financial services without relying on bank branches. While the strategy may complement an existing bank branch network for giving customers a broader range of channels through which they can access financial services‚ branchless banking can also be used as a separate channel strategy that entirely forgoes bank branches. According to a 2011 survey‚ 62% of respondents said the Internet is their preferred banking method. Only
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Online Banking Definition: Online banking is the practice of making bank transactions or paying bills via the Internet. Thanks to technology‚ and the Internet in particular‚ we no longer have to leave the house. We can shop online‚ communicate online‚ and now‚ we can even do our banking online. Online banking allows us to make deposits‚ withdrawals and pay bills all with the click of a mouse. It doesn’t get much more convenient than that. Advantages of online banking: Convenience Unlike
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