Blog

26/02/2018
A large majority of financial institutions have become familiar with blockchain technology applications such as Bitcoin and cryptocurrencies. Blockchain technology is a digital ledger that makes exact copies of every transaction and distributes the copies across all of the users computers (nodes) on that network.The transactions are processed through blocks, recorded one after another, forming a chain of blocks, hence the title ‘blockchain...
23/02/2018
Online banking and digital payments have become common practice in the digital world. Innovations in authentication procedures seek to streamline user experience and online transactions, while guaranteeing invulnerable security measures. Could biometrics be the solution?Cases of identity theft and financial fraud are rampant in cyberspace, necessitating a restructuring of the security practices implemented by banks and financial institutions....
20/02/2018
Ellinas Finance Public Company Ltd is seeking to employ a Factoring OfficerResponsibilities:Act as the accounts officer (under supervision) for the Factoring Services Department.  Duties and responsibilities include:Monitoring credit limits of clients,Preparation and monitoring reports for discounted invoices,Calculating discounted amounts,Submitting invoices into the Company’s software system,Communicating with clients and management...
16/02/2018
Reduced business activity is inevitable in any company’s trading cycle. With working capital loans you can finance operations, even during the depression phase of your trading cycle.As opposed to company loans, a working capital loan finances your company’s immediate operational needs. Short-term operational needs include accounts payable, employee wages, and other pressing costs to maintain overall company health.In other words,...
12/02/2018
Trade loans are a well-established trade finance technique, tailored to a company’s trading cycle. They are flexible and short-term in nature, and are predominantly used by exporters, importers and domestic traders to extend their working capital.By using a trade loan facility, a company can supplement the gap in their cash flow between the purchase of a product and the repayment they receive from an end-user. This enables businesses to...

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