How Modern Digital Payment Models Are Disrupting The Traditional Banking System

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The finance industry has evolved tremendously over the last few decades. Banks are perceived as a source of reliable and stable institutions that safeguard assets and wealth of billions of people across the globe. They are the most secure firms in the world today. Change is the way of life, and the banks across the globe take it seriously. Changes to existing infrastructure and models are implemented over a certain period of time ensuring minimal distress to the customers.

It is well understood that any compromise of the banking system can lead to major negative repercussions to the customers as well as the bank. For decades the banks have been upgrading their system in sync with technological advancements introducing easier and more efficient ways for transactions and wealth storage.

Currently, innovative cashless payment systems are taking over the traditional credit and debit card market which have been in existence for 60 years. Now, one can perform instant transactions on bank accounts using smartphone applications, thus increasing the convenience and safety of the customers. The modern payment systems are encouraging the bank account holders to opt for smartphone applications rather than plastic cards. Another payment method includes QR codes which facilitate lightning fast transactions and transfer of information using mobile devices.

An online installment loan, which includes fixed monthly payment and repayments terms, can be availed using online banking features introduced by companies across the globe. Cashless payment systems are synonymous to speed, volume, interoperability, and high-end security.

We are witnessing a major shift in the banking sector from traditional methods to digital-oriented systems offering better transparency and efficiency. It is projected that in the next 20 years, the banking systems will change completely in first world countries. The banks are struggling and competing to keep up with the technological advancements, and are striving every day to provide better and faster services to its customers.

Let us discuss the recent breakthroughs in the banking sector. Digital wallet, a term not understood a few years back, has now become a global phenomenon. It is an online wallet where one can store money and use it to purchase different products depending on the guidelines and the agreement of the developers.

After the introduction and proper marketing of digital wallets, the feedback was overwhelming. Today, transactions over trillions of dollars take place using digital platforms. The attractive thing about digital payment systems is the unparalleled functionality and user-friendly interface. According to studies, users are demanding faster and cheaper online services from the respective banks which can be accessed anytime and anywhere.

The next payment model is the Micro Credit plan offered by financial institutions which offer loans to entrepreneurs and businessmen in growing their businesses in the market. This idea has allowed major brands to become registered lenders providing microloans at attractive rates and plans surpassing that of traditional banks. Currently, the model is not interfering with the commercial side of banks, but it is projected that they will be affected in the future. Micro Credit system offers an efficient solution for small businesses by providing low limit short-term loans based on rigorous data analytics and sophisticated algorithms implemented on huge sets of data.

There exist four major factors which affect modern digital payment models directly. Let us discuss them in brief.

First comes the online Cloud infrastructure, which is to be perfectly incorporated in existing banking systems to ensure smooth and efficient operation of IT services ensuring security and flexibility. A cloud-based infrastructure gives an edge over competitors in the current era.

Integration is a crucial step for major infrastructure transition from traditional systems to modern systems. Proper integration shuts down and isolates the obsolete system, but keep it perfectly linked with the new system.

A new digital banking system includes solid infrastructure and intricate coding which has to be completely correct. Minor errors, redundant coding, and patchy fixes can bring out vulnerabilities in the system, creating long-term problems and affecting revenues, reputation, and infrastructure.

Lastly, services and products offered by banks should be accessible by customers through different mediums at all times. It is important to understand that customer satisfaction is the key to growth and expansions. To achieve this, banks should bid adieu to their traditional methods and collaborate with major technology platforms.

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3 Tips When Hunting for a Property Online

Scouting for a property online can be an easy yet overwhelming task. The key? Keep these 3 non-negotiables in mind to pin down that specific space you’re looking for.

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The internet serves as the definite go-to if you want to learn more about a space. Open up a browser, type some keywords in mind, and you’ve got instant search results to read about. Researching is easy, to say the least. But it’s when you have to choose and narrow down your options that things get a lot tricky. Numerous deals, promotions, and a wide array of choices laid out can be quite confusing.

It’s important to know what you want and stay on track with that goal. Keep in mind these 3 tips and make sure you have a concrete answer for each item before proceeding with the other to-dos on your checklist. Know your priorities and don’t deal with other factors yet if you haven’t settled these non-negotiables.

1. Know what you want and be firm with it

A space is like having a kid; it’s a life-long investment. The process doesn’t just stop at the point of purchase. You have to take care of it, maintain it, and make sure that it’s in prime condition as the years pass. Establish your purpose for buying the space. Property size and number of residents are important factors to consider. Do you need a condominium unit to cater to a fast-paced lifestyle of a young professional? A townhouse for a married couple planning to have a family? A house for a big family with weekly visits from relatives? Or an apartment that will just be used every now and then? Analyze your current living condition and envision yourself five, even ten years from now. Discern if your lifestyle will still be the same – will you be leading a simple or extravagant life? Note that as your needs change, your house will most likely have to heed to those needs. Will the people around you still be present in the future or will there be a decrease in number? Think of the number of rooms and if your space is guest-friendly, or not. At the end of the day, it doesn’t matter how aesthetically appealing a space is as long as it heeds to its purpose.

2. Be realistic with your budget

You can’t buy a house you can’t afford so decide if it’s the right time to purchase one or if you’ll wait it out for a few more years. Money and timing come hand-in-hand so make sure that the property you’re buying is within the scope of your financial capability. It’s good to have a dream house or finally have that business space but come into terms with your current status and discern if you’re being wise. Consider the duration of your stay – is it a permanent space or a temporary rent? Is it a one-time payment or coursed via installment? Can you afford a loan? Don’t assume ownership of money that you don’t have in your bank account because that would mean assuming something you don’t have. Instead, look at how much you have now and come into terms with what’s within your scope.

3. Decide on a location

Location is a crucial factor – a make it or break it for some. The area and vicinity of your space should be able to cater to your lifestyle and your daily necessities. Convenience and accessibility are important factors that should be within your reach. Is your space near your office? Is it family-friendly? Is there a school or church nearby? Are there malls and businesses around the space? Consider traffic. How long is the travel time to and fro places and how much gas would you be spending on a weekly basis? Moreover, is your space nestled in an area you can proudly call a community that is safe and secure? Though a house is indeed a physical space, it’s important that it is also able to create a sense of identity for you and your family.

Now pondering on these 3 things can sure take a lot of time and consideration. Decision-making can be made easier if you take into account the input of important people. With these set in stone, scouting for your next property online can be much easier.

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How to Create Team Spirit and Cohesion

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Being part of a sports team is about more than just winning games. It is also about building a sense of comradery and spirit among all the members in order to create a group that works well and plays well together. While team spirit can seem like something that is hard to generate, there are actually lots of ways you can build cohesion to improve the overall attitude of your team. You should find that having more team spirit leads to better playing and more winning.

Promote Positivity

While winning is an important goal to have, it shouldn’t be your only focus or even your first focus. As cheesy as it sounds, your foremost focus should always be having fun and promoting positivity among the team. This can be especially important for school teams, but it is a good thing to keep in mind for others as well. If the players are not friendly towards one another and there is a lot of constant teasing and rudeness, there won’t be a good sense of trust.

In order to win games, all the members of your team need to be able to rely on one another. You can help encourage positivity by discouraging negative remarks. While constructive criticism is good, taking out losses by getting angry or blaming each other is never a good strategy.

Create Trust

Trust and friendship can be very interconnected. If the members of your team are friends, it is much more likely that they will trust one another. While friendship is something that can’t be forced, doing group activities outside of games and practice can be a great way to perpetuate comradery. Discussing the importance of teamwork can also be important. Just the simple act of passing on the knowledge that trust is important to your players can be a huge step forward.

If you’re a school team, then there is a risk of team members falling into the common situation of hazing or bullying other team members. You should do everything you can to prevent this. No matter what game you’re playing, good-sportsmanship and an environment of trust is a very beneficial and respectable thing to have and can be worth a little extra work and discipline.

Design a Team Image

While it may seem like a built-in part of sports, a good team image is not something you should overlook. Your team image can include team colors, a mascot, and a logo. One of the ways you can spread your team image is by selling branded products that feature your logo. You can find these available from companies such as End Zone Athletics.

There are lots of ways you can use your image to increase team spirit both among your players and among fans. Selling items featuring your team name and colors can be a great way to fundraise for your team, but perhaps the best part about selling branded merchandise is that it will help your team gain publicity and increase your overall fan base. When the players see a large crowd of excited fans wearing their merchandise, it can make them feel like a better team and increase positivity. You can easily take a look at websites such as End Zone Athletic Company to browse some of the many options for buying items featuring your team image.


While teamwork can sometimes seem hard to come by, there are many ways you can perpetuate it. Some of the most important things you can do to improve the way your team works together are being positive and promoting trust. While it can be easy to get caught up focusing only on winning, it is more than worth your time to put additional effort into becoming better as a group. You should find that by doing this your performance improves substantially.

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Perth is Paving the Way to Sustainable Infrastructure in Australia

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With the ongoing discussion of improving our ecological footstep, “going green” is being applied to as much as possible. In fact, did you know that buildings can also “go green”? Take Western Australia’s for example. Their dedication to building green has shown off greatly thanks to the many new additions to their cities. So much so that there is a Sustainable Perth Walking Tour that takes visitors for a two-kilomtre walk through the city centre where the green buildings can be admired and hopefully imitated. Sustainable construction in Australia has become quite the mission and thanks to the importance given to the cause, fantastic results have already been reached.

So in case you’re in Perth and are curious about the aforementioned tour, the first stop the glass office tower at 235 George’s Terrace, designed by architects fitzpatrick+partners. Another exciting stop on the tour is the “greenest” public building in Western Australia, the Green Skills Training Centre. All of the building’s energy needs (including heating and air conditioning) are 100% powered by a super modern solar plant in the building. Impressive, right?

In fact, buildings constructed as far back as 2003 can be considered green as well, and are given a “Green Start” rating between 1 and 6 based on how green they are. In Perth specifically, buildings are envisioned as having to be green from the beginning. As a result, these buildings will most likely be then celebrated on “Green Building Day”; the most recent held this past June 1st. The day that Perth has set aside for its green constructions is dedicated to the sustainable buildings and welcomes technicians, architects, construction firms, and city government representatives.

The plan of having a city that is sustainable to the max and also user-friendly has been of great importance to city officials. In fact for landlords and business owners that commit to respecting the “green” criteria, a two-year economic plan was presented to support the costs of doing so. Furthermore, last year the “Strategic Community Plan” was also introduced in order to have Perth commit to water conservation, focus on climate change, and improve energy usage.

All this talk about Perth going green all the way is also backed up by the economic endorsements directed towards specific buildings. For example, the $2.6 billion going towards the Elizabeth Quay waterfront development, or the $1 billion for the international airport. Another $428 million will be spent on constructing the “New Museum for Western Australia (WA)” along with another $1.2 billion on the Forrestfield-Airport Link which will connect the airport to different city areas.

Thanks to the modernization, and the subsequent green factor that will be part of the new constructions, Perth is looking at a great, positive future.

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