Posts

Posted on

HOW BLOCKCHAIN IS OPTIMIZING INVESTMENT BANKING COSTS

 

Blockchain technology in investing banking

 

Data storage is one of the most essential components of banks. Database plays a very key role in the proper functioning of the investing banks. Banks need database to store the valuable information of the customers which is needed by them to provide valuable services like transactions to the customers.

Banks database are huge and multiple due to which managing the database of the banks regarding people information is not an easy task. It can be really troublesome and hectic task. The database must be really secure and protective because it store very confidential and private information and any disclosure of customer’s information can create lot of troubles.

Blockchain technology is the answer to all the above problems. It ensures that the transactions are smooth and database are secured and protected. This highly secured access system help in better management of the bank activities and tasks. It provides one platform to access the required data.

According to a report, Blockchain has really cut down the banking cost making them more profitable and saving the cost by up to 30%. It has completely revolutionized the way investing banking is done. The Blockchain investments will increase from $75 million in 2015 to an overwhelming $400 million in 2020.Due to this revolution; different parts of bank databases are connected together which has made the whole banking process very convenient and cost-effective.

Reporting costs are much lower and transparency in data optimization is ensured

 

One of the best features of Blockchain in banks is that it provides a very level of transparency in the financial reports. As we all know that Blockchain is the only source of information, so same information is shared to the authorities, customers and clients at the same time. Due to this unique and one access, tremendous amount of transparency is there in the financial reports.

This is the reason why the verification of the data is much convenient and simple with the help of Blockchain. That is exactly how the banks are able to generate huge amount of reports without much investing on the collection and gathering of the customer’s data.

Reduced Processing cost and enhanced operations efficiency

 

It is important to note that the Blockchain provides a centralized way of storing the information. Information related to the customer and connection with the client is available from a single source. Multiple branches of the bank can use the single source to obtain the information. This reduces lot of operational cost which improves the efficiency level of bank.

As the database is centralized, processing costs are reduced as very less effort is required to access the information. Due to this Blockchain, the digital identity of an individual can be managed efficiently. This is how Blockchain is having a tremendous impact on the banking cost.

Compliance costs are highly reduced

 

In the older days, it was quite cumbersome for the banks to communicate the information of the customers to the counterparties. It was a very difficult task and huge amount of revenue needs to be spent on it. To make it possible, banks have to audit the information again and again to ensure the compliancy.

But with the coming of the Blockchain in the banking investing system, it has makes this task a lot easier. A centralized database is sufficient to audit the transactions. You don’t have to do audit again and again so lot of time is saved. It has brought transparency in the system which has resulted in the building of trust among people and due to this transparency; the whole process is visible to all the authorities. This has reduced the compliance cost by 50%.

The other benefits of how Blockchain affecting investment banking costs

 

Banking system requires a lot of functions to be performed like investigations, clearance, trade support, settlement, clearance etc. To get these functions performed, it is required that the right information is available at the right time because the banks have to analyse, gather and confirm the data before taking any decisions. That is the how why Blockchain database system has made the functioning of the bank so smooth and convenient. In the future, this Blockchain technology is going to rule the banking world as it has made transactions secure and augmented the efficiency. Blockchain has truly optimised the investment banking costs.

In case you are looking for Blockchain app development company , you can contact us to develop your next big thing . Winklix.com is leader in providing software solution worldwide .

Posted on

APPLICANT TRACKING SYSTEM: CHOOSING A TALENT TECH STACK FOR 2020

application tracking system winklix

The IT revolution in this 21st century is bringing an awesome change in the way businesses are done. For a successful business, it is crucial to have highly qualified and potent team. Hiring a compelling team can be a bit tricky process. There are thousands of talent acquisition tools available in the market. As there are so many alternatives it is essential to pick the right ones.

Every organization follows a strategy and process to choose the best talent stack. The hiring process depends upon the factors like the size of your company, your business working area and the qualities that you look for in potential hires. To make your research convenient, we are sharing our approaches and procedures that will assist you to hire the most suitable candidates according to your business needs.

What are ATS?

ATS stands for applicant tracking system. These are the software that is used for the handling the electronic requirement needs. These are very similar to customer relationship management (CRM) system but are used for tracking the application of the applicants. It handles all the recruitment process and assist in determining the best fit candidate for your company.

Why do companies use applicant tracking system and how these software work?

Using the software saves paper and helps in proper management of the applications. Handling thousands of applications without the use of this software can be really hectic task. It may happen that the employee accidently deletes the email which contains the resume of the applicant. This applicant tracking software assists in dealing with all these problems. It makes the communication between the recruiter and the applicant very opportune.

When an applicant submits his resume through the ATS, it generates an entry in the database and stores your resume. The recruiter searches the database by entering the skills and the experience needed for the job profile. It may happen that you may have uploaded the resume long time ago, but as your resume is stored in the database, you may get a call later. ATS systems make the entire recruiting process very streamlined. After the call letter is sent to the candidate, proper communication is maintained with the help of this system.

Perks of having an applicant tracking system

The benefits of an applicant tracking system are limitless. Let us look at some of the perks of having an applicant tracking system

  • Applicant tracking system has inbuilt data mining system to search the right candidates from the big databases.
  • Assists in convenient hiring process of the candidates.
  • This software work on the cloud. So it saves a huge amount of cost and can be accessed from anytime and anywhere.
  • Provision for storing resume in the databases. These databases are huge and can be sorted according to the requirement.
  • Provides convenient medium to communicate and connect with the candidates.
 

ATS: Friend or foe?

Hiring a candidate has never been so easier. This system has completely changed the hiring process and has made it streamlined. To have face to face interviews with the recruiters, it is important to have you resume prepared in such a way that when the algorithm searches for appropriate candidates, your resume shows up. It must have important keywords because the search includes these keywords to search the resume. Applicant tracking system has been established itself as a friend rather than foe. It is helping millions of applicant to get hired and companies to hire the candidates.

Greenhouse Applicant Tracking System 

There are numerous applicants tracking software available in the market right now like Bullhorn, Lever, Analec, Jobvite, ClientManager etc. Greenhouse stands out among the different ATS (Applicant Tracking System) available. The best feature about the Greenhouse applicant tracking system is that its customer support, accounts, data migration tools are very trustworthy and manageable. Their 24*7 customer support provides the best solutions to any queries you have regarding the Greenhouse tracking System. It is quite convenient to use this applicant tracking system as it has a very clean and user-friendly user interface.

Various other Job Boards

Glassdoor, LinkedIn, Indeed, AngelList , Cleverism are various job board present in today’s time. Greenhouse helps in posting the job post on Glassdoor and Indeed for free. That is exactly the reason why we love Greenhouse. As we all are mighty aware that these sites has huge amount of traffic which adds value to our job postings. Winklix receives the most applications from Indeed, Glassdoor, LinkedIn and AngelList.

LinkedIn have been giving a very positive feedback and response providing very talented and most suitable candidates for the job. We might utilize the paid version of these sites for better acquisition of the candidates. Indeed is a very popular platform that has been used widely by many organizations to hire the best candidates according to the respective job profile.

Posted on

TIPS TO SIMPLIFY WEB DESIGN

web design simplify

Simplicity is a very valuable thing when it comes to the design of a website. It makes the website to look simple and sleek. It increases the web traffic resulting in more signups, subscriptions and sales. Simplification of a website provides efficiency which helps in achieving goals of business. Here are some tips that will simplify your web design.

Follow the Pareto Principle

It is very essential to have a clutter free website. Get rid of the effects that are not required and the effects that do not drive the sales. Remove the long string of text, forms with too many fields, text fields that occupy too much whitespace and the effect that add nothing to the functionality.

The Pareto Principle states that 80% effect comes from the 20% causes. It follows 80-20 rule. Use this principle to include only those things in a website which drives the business. The basic idea behind this principle is that you include only those 20% features that add functionality to your website. These 20% features ensure that you have everything covered that will enhance your business making the biggest impact it can make.

Making navigation effortless

Navigation of a website must be very smooth. Adding too much navigational features may seem a very good idea but the unfamiliar navigation may discourage the users making them not returning back to the website. So it is quite important to have very neat navigation. Let us look at some of the points that can improve and simplify navigation.

  • Place the most valuable information above the fold
  • Get rid of the unnecessary navigation links
  • Cut down the pages that are not visited by people using an analytical tool
  • Ensure that the navigation buttons are easier to locate.
  • If you have loads of content, cut down the content in different pages.
  • Use universal icons and symbols for navigation buttons.

Good Presentation

As there is lot of content available, it is very vital to have a content which is very compelling to read. Compelling content is not enough; it must have a great presentation of content that makes the users to read. Create a bullet list, highlight the important text, let go of fancy text etc. It assists the users to go through the whole content of the page.

Follow a monotone colour scheme

Most of the business and top development website use a monotone colour scheme. It attracts the user’s eye and keep them engaged in the website. Having a monotone colour scheme makes the website look sleek and simple helping the business to excel. The basic idea behind the monotone colour scheme is that there are fewer colours for the users to process.

Winklix is the best website designing and development company. We have talented designers and developers that are focused on providing top-notch products to the clients. We keep the clients up-to-date regarding the progress of their app. We have expertise in all kinds of platforms like android and iOS, developing and designing websites etc. Want to know more about website designing and development contact us.