Testing is No Longer testing!!!

We develop new software, implement packaged solution or develop on top of packaged solution – for a reason. Most of the time – or at least until I started my Entrepreneurial journey, I never thought about the value of the code I was writing right now or solution I was implementing. It was only when […]

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Forex

Forex

Forex: The Foreign exchange market, in banking parlance, is the “virtual place” where currencies are traded/exchanged. Exchange of Currencies is the back bone of foreign trade and business. It also is a huge income earner in the case of countries where Tourism is a major attraction. Nostro/Vostro Account: A bank account held in a foreign […]

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The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting.

The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting.

THE USE OF TECHNOLOGY IN MICROFINANCE & HINDERANCE FACED BY MFIs Introduction: “A good information system is a necessary tool for managing a MFI successfully.” The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting. The majority of MFI would like to use more technology for the following reasons: To […]

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Project Management in Simple Words – Vol – I

Project Management in Simple Words – Vol – I

What is a project? Project is a collaborative enterprise, involving research or design that is carefully planned to achieve a particular aim. In simple words Project produces unique results: meaning the product or service at the end of the project should be some way different than the existing (can be an invention or an innovation.)   Project is […]

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NPA – Non Performing Assets

NPA – Non Performing Assets

Non-Performing Assets: Financial institutions classify an asset as a Non-Performing Asset depending on the age of the default under that Asset (generally loan given by the institution). Usually, when an Interest or Principle instalment under a loan remains overdue for a specified period of time the loan is classified as NPA.   Non-performing assets affect […]

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Funds Transfer Terminology in India

Funds Transfer Terminology in India

In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing of payments is necessary to turn the promise of payment (for example, in the form of a cheque or electronic payment request) into actual movement of money from one bank to another/from […]

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Micro Finance – Strengths and Weaknesses

Micro Finance – Strengths and Weaknesses

Strengths and Weaknesses of micro finance  Strengths: The biggest strength is bringing financial services to the poorest of the poor people and making it financially sustainable by the economies of scalability. In India the National Bank for Agriculture and Rural Development (NABARD) finances more than 500 banks that lend funds to Self-help groups (SHG). SHGs […]

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Micro Finance

Micro Finance

Micro Finance-Prime Motto Outreach and sustainability are two critical objectives for microfinance institutions (MFIs). Outreach is also an indicator of the institution’s social mission—to scale up and provide services to as many people as possible. Sustainability, in contrast, requires operating at a level of profitability that allows sustained service delivery without dependence on subsidized inputs […]

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FATCA Compliance In T24

FATCA Compliance In T24

FATCA : Foreign Accounts Tax Compliance Act This is an Act enacted by US Government in March 2010 and it targets Tax non-compliance by US tax payers with foreign accounts. It focuses on reporting by U.S. tax payers about certain foreign financial accounts, off-shore assets and about financial accounts held by U.S. taxpayers or foreign […]

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AUTOMATED TESTING

AUTOMATED TESTING

In software testing, test automation is the use of special software (separate from the software being tested) to control the execution of tests and the comparison of actual outcomes with predicted outcomes. Some software testing tasks, such as extensive low-level interface regression testing, can be laborious and time consuming to do manually. In addition, a […]

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