1. Introduction
Banking is a network of corporations and regulations that provide a variety of financial services. Basically, banking services provide holding money on behalf of customers, providing loans to businesses and individuals, providing investment and insurance services and so on. Banking system is usually regulated by country’s laws and central banks of individual countries. Finance is usually defined as the science of money management. Many studies show that the banking and finance sector of a nation and the performance of overall country economy are directly proportional. Therefore, it is clear that countries with good financial system are more likely to develop its economic growth more quickly compared to others.
Singapore is …show more content…
Thus, providing enormous amount of job opportunities for locals, creating a country of interest for foreign investors therefore, earning foreign income/investments for the nation. Many Asia countries are currently depending on Singapore’s banking services for import/export of products for their countries since Singapore banking system is among the most reliable and fastest service provider across the world. All these advance technology and services of this banking and finance sectors not only benefits the nation’s economy, also develops individual’s wealth and job opportunities in a long …show more content…
Training is required to work with clients to determine financial needs and goals and make recommendations. They are trained to be personable, reliable and organized. Banking and finance professionals are trained to have excellent interpersonal and communication skills since they have to work directly with clients requiring to organize and present financial information with clarity and accuracy. Also, talented personnel must also have solid communications skills in order to persuade clients to make sound financial decisions. Producing a talented individuals with a truly global perspective can maximize the competitive advantage of those professionals actively engaged in the fast-developing Banking and Finance sector in Asia
Banking is a network of corporations and regulations that provide a variety of financial services. Basically, banking services provide holding money on behalf of customers, providing loans to businesses and individuals, providing investment and insurance services and so on. Banking system is usually regulated by country’s laws and central banks of individual countries. Finance is usually defined as the science of money management. Many studies show that the banking and finance sector of a nation and the performance of overall country economy are directly proportional. Therefore, it is clear that countries with good financial system are more likely to develop its economic growth more quickly compared to others.
Singapore is …show more content…
Thus, providing enormous amount of job opportunities for locals, creating a country of interest for foreign investors therefore, earning foreign income/investments for the nation. Many Asia countries are currently depending on Singapore’s banking services for import/export of products for their countries since Singapore banking system is among the most reliable and fastest service provider across the world. All these advance technology and services of this banking and finance sectors not only benefits the nation’s economy, also develops individual’s wealth and job opportunities in a long …show more content…
Training is required to work with clients to determine financial needs and goals and make recommendations. They are trained to be personable, reliable and organized. Banking and finance professionals are trained to have excellent interpersonal and communication skills since they have to work directly with clients requiring to organize and present financial information with clarity and accuracy. Also, talented personnel must also have solid communications skills in order to persuade clients to make sound financial decisions. Producing a talented individuals with a truly global perspective can maximize the competitive advantage of those professionals actively engaged in the fast-developing Banking and Finance sector in Asia