FINTECH- Changing your banking needs

What is Fintech? The first question that arises when someone at a technology conference starts talking about integration of technology into the finance domain.

Fintech is a combination of technology and traditional banking systems to provide better services to end-users. An end-user can be consumer or business, however, fintech over the last decade has evolved to provide services outside the banking domain that influenced the banking sector.

Traditional banking organizations need to realize that where the consumer is, they need to have their products there.

So how is fintech influencing consumer decision making? Fintech is currently fueled by mobile technology supported by other digital entities like AI, data analytics, IoT, Blockchain, and other innovative technologies.

So which are the areas Fintech is influencing the most in traditional banking?

Improving customer experience
Customer experience is the first focus for any business scenario that needs to be influenced by technology. Fintech offers 24/7 access to banking services that can be availed using all the latest digital channels that include social media, Internet, Mobility, etc.

Access to solutions
The ever-growing need for one-tap banking services is influencing the decision making of consumers. So if you want your consumer to spend more and use your channel more, you will need to entice them with new and improved offerings. Fintech solutions have started to develop highly effective and defined solutions for banks that have managed to step in and take over those segments, which were earlier neglected by banks in the services.

It’s clear now that the future generation of banking won’t be known only by bankers, financial advisors or banking regulators. Butit would be known by who took the risk today of developing a tool for tomorrow.

Siloed banking systems will soon become redundant and will completely be replaced by modern cloud-based systems. It will be fueled with data, customer experience, and new innovation of technology developed by businesses.

Fintech Demand, a complete financial technology knowledge pool consisting of the latest whitepapers from the top 50 fintech organizations, insights on technology, and trending news about the latest technology, influence financial services

Fintech is adjusted between regulations and new technological innovation; the content caters to this new demand. Focusing on the latest technological development in Bitcoin to new fintech regulations in Singapore, the content caters to all C-level executives. So whether you are a CFO, financial advisors, or financial analyst, Fintech Demand will give you a complete overview of the business happenings.

Finetech Demand is an online content publication platform which encourages Fintech users, decision makers, business leaders, and influencers by providing a unique environment for gathering and sharing information with respect to the latest demands in all the different emerging finance technologies that contribute towards successful and efficient business. Our platform encourages the Fintech decision makers to share the best practices which help them to do their jobs with greater accuracy and a efficiency.

Would you benefit from making Early Payments on your Auto Loan?

Monthly payments make up an important element of the auto loan. The amount of money that you will pay each month depends on a number of things; such as the money you put down, the value of the car, auto loan term, your current income and credit score, etc. Many a times people wish to repay their auto loan earlier than their term or wish to get the auto loan refinanced. Understanding the effect of paying your loan early vis-à-vis making timely payments can help you in making a well-informed decision.

Pay Early or Pay on Time: The Auto Loan Question

1. Are you interested in making Early Payments?

You know you are a financially adept individual when you think about paying your auto loan early rather than spending the money on frivolous things. The following pros and cons of prepayment will take you one step closer in making the right decision.

Pros: The reduction in the interest amount can help you save a great deal of money. Paying off your auto loan early gives you the financial freedom to use that money elsewhere. Secondly, if you are going to receive a large sum of money in the near future, it is wise to prepay your auto loan instead of spending it elsewhere. It will make your debt-free early and allow you to live a tension-free life.

Cons: Timely auto loan payments mean that you have planned your finances in an efficient way. If you repay your auto loan all at once, it may project that you are unable to manage your credit. Remember prepayment of your auto loan will not hurt your credit score, however, it will not improve the score either.

2. Do you believe Timely Payments are a Good Choice in the Long Run?

Small payments made every month can surely have a positive impact on your credit rating. The following pros and cons will help you clarify the advantages and disadvantages of timely payments.

Pros: Timely payments made every month are certain to keep your credit score in check. Many a times people may forget to make the payments on time. However, automatic bank payments can help you to keep your payments regular. A shorter loan term with timely payments will help you in obtaining lower interest rates and an overall cheaper auto loan deal in the future.

Cons: An automatic timely payment means that you will have to maintain a certain balance in your bank account, which may temporarily block your finances. A certain amount of your income gets allocated to the monthly payment. Compared to a prepayment strategy, timely monthly payments carry less financial freedom.

Your Auto Loan Payment Schedule: What is Best for you?

Income is an important element that decides which option you should choose between paying your auto loan early and making timely payments. If your monthly payment is manageable and your income supports the auto loan, you should opt for timely payments. However, if your income source is unstable and you require a car on an immediate basis, you should opt to make a prepayment of your entire auto loan. On the basis of your financial situation and circumstances, make the wiser choice.

Customer Service in Leeds | Mortgage Advisor in Leeds

Many of our customers return to us from time to time, especially when it comes to services such as Remortgaging. This motivates us even further, knowing that we can go the extra mile and continue our journeys with existing customers even more now and watching their adventure of being a home-owner blossom.As an experienced Mortgage Broker in Leeds, we have worked with all sorts of cases, using our in-depth knowledge to search through thousands of products for you, offering expert Mortgage Advice in Leeds.Some of the lenders we work with have specialist products with varying criteria, meaning more often than not, they will be an appropriate deal on offer.We often find that customers who approach us seeking Mortgage Advice in Leeds have been turned down by their high street bank. This can be for a variety of reasons, including not meeting their demanding lending criteria from Lenders not lending enough, which can drastically restrict the chance of getting a mortgage. But at our Mortgage Broker in Leeds, we aim to help as many people as we can with an efficient Mortgage service and by keeping their welfare as a main priority.For current home-owners looking to remortgage, we can search through thousands of mortgage deals to find the best one for you. Sometimes, at remortgage time, our customers like to discuss capital raising options, including raising money for home improvements and paying off credit cards and loans, etc.We are aiming to deliver the most expert Specialist Mortgage Advice in Leeds that was always open & honest with your best interests at heart.We love helping customers who need Mortgage Advice in Leeds – not just about finding a mortgage; we will hold your hand through the full process.At our Mortgage Broker in Leeds, we have a large panel of mortgage lenders to choose from, with literally thousands of deals on offer – depending on the circumstance – by approaching us, you walk away with a mortgage deal that you may not have usually found by going elsewhere.Being a reliable and well-established Mortgage Broker in Leeds, we offer all our new and existing customers a free mortgage consultation.

5 Tips to Make the Most of Your Medical Consultation

Consultations with your doctor can be rushed and stressful, and it is common for patients to forget to ask key questions during the actual consultation itself.

While doctors often effectively have an “agenda” of issues to work through in a consultation,such as taking a history, performing an examination and ordering tests, issues of importance from a patients perspective can often be left out, so patients need to think about their own agenda, and what they would like to get out of any consultation. It is important to work out what are the most important questions to ask your doctor to make sure you get the most out of your consultation, and consequently receive the most appropriate treatment, and make sure that your own agenda is addressed?

How can you make sure that you remember to ask the questions that are of most concern to you?

As a practicing physician, here are my suggestions:

1. Do as much research as possible before you see your doctor – let’s face it you don’t go and see your accountant to do your taxes without collecting information beforehand, and thinking about the issues you want to discuss. Do the same with your doctor. The Internet is the easiest source of information to use, and the US Government Agency for Healthcare Research and Quality (AHRQ) has an excellent site where you will find a comprehensive series of questions on many different health topics.

2. Write down your questions – and if necessary take a list with you, including a second copy for your doctor.

3. Prioritize your questions – ask the most important ones first – don’t waste time asking about the payment process when you are really worried about whether you have cancer or diabetes.

4. Take someone with you if you have questions that are really concerning you – two sets of ears are better than one – and make sure you have discussed your needs with your friend or family member before the consultation so that they can help you get answers if necessary.

5 Write down the answers – even if this is just a rapid note. Research has shown that only 20% of the information given during a medical consultation is remembered one week later – but if it’s written down, the percentage recall is much higher.

Asking good questions is essential in any medical consultation, and it is incumbent on patients to take responsibility for their health and find out as much as possible of relevance so that they can make good decisions in partnership with their doctors.