How Many Bank Accounts Should I Have? (At Least Three)

In the past, people had a checking account and a single savings account. But those were the days when you paid by check and had to go into the branch to do any banking.

Times have changed! We can now send and receive money with a click of a button on your smartphones. So why are we still stuck in the same account habits? 

If you’ve asked yourself, “how many bank accounts should I have?” read on. We’ve got all the answers. 

How Many Bank Accounts Should I Have?

The average American has between $6000-$9000 in their checking accounts. But if you are one of those people, your money isn’t working as hard for you as it could be.  

The great thing about multiple bank accounts is that you can separate your money for different purposes.

You can keep your money that is reserved for a vacation or emergency car and home repairs separate from your account that pays your monthly bills.
When your money is altogether in one lump sum, it is easier to spend money on things it wasn’t intended for.

Keep in mind that having multiple accounts is only beneficial if you aren’t paying a lot in fees and if the account doesn’t have minimum balance requirements. 
Here are some of the best ways you can separate your money into various accounts. 

Accounts for Saving

A savings account has many useful benefits. For one thing, these accounts tend to offer you higher interest rates.

Sometimes, these accounts place limits on how often you can withdraw from them. This might help you think twice about taking money out of your savings.
A lot of people have two different bank accounts: one savings and one checking.

But, two or more savings accounts are very useful for people who live paycheck to paycheck. Two or more savings accounts is a digital version of the jar saving system.

But instead of separating your savings into a jar labelled, car, school, and vacation, you have multiple accounts.
Here are some of the saving accounts you might have. 

Emergency Fund

An emergency fund is a separate saving account that you use to save for unexpected costs.

For example, you could stash some funds in this account to save for job loss, unexpected car repairs and so on. Experts recommend 3-6 months of income be saved in this account. 

Treat this account like a fire extinguisher in a glass case. You only break the glass and take out your money in a true emergency.

To grow this account, set an automatic transfer from your checking account on payday. It’s fine if you only deposit a little bit into this account each time you get paid. Over time, this fund will grow.

Short-Term Savings

A separate savings account can be set-up for your short term saving goals such as money for Christmas presents, a holiday or specific expenses like new tires for your car.

The goal of this account is to keep your money safe from accidental spending. You might have one for all your short-term saving goals, or you may prefer to have one for each goal.

The great thing about online banking is that you can name your accounts whatever you want. So you can make it clear what the purpose of each account is. Try to put a set amount into this account each pay period.

One way to help you stay on track is to figure out the total amount you need and when you need it by. Then divide that number by how many paychecks you’ll get until the goal date. This helps you figure out exactly how much money you need to set aside each pay to reach your goal on time.

Like the emergency fund, you do not use this money for bills, going out to eat or other superfluous expenses.

Long-Term Savings

You should also have an account for your long-term savings. You can save for things such as retirement or post-secondary education.
A regular savings account might not be the best place to grow your money.

Learn about investment management to help your money the most.

How Many Checking Accounts Should I have?

Now let’s talk about checking accounts. These accounts allow unlimited transactions such as withdrawals and purchases.

You may opt to have one checking account where you do all your spending. This means your paycheck gets deposited into this account. You also pay your bills from this account and buy groceries, gas for your car and go out to dinner from this account.

You can see how this may be problematic. The last thing you want is to spend money only to realize that now you don’t have enough for your rent or mortgage.
One of the best ways to avoid this is by having two checking accounts.

One account should be for your incoming funds such as paychecks. You should keep the funds you need for all your monthly bills in here.

Then, move the remainder of your money to a separate checking account. This is the account you can use for day-to-day spending. By doing this, you avoid spending money meant for your bills.

Final Words

There you have it. A complete guide to help you answer the question: “how many bank accounts should I have?”

Keep in mind that you may need to adjust this guide to suit your specific financial situation. You might find you need fewer accounts than we’ve suggested.

As long as you have a system that lets you divide your money into manageable and purposeful ways, that’s all that matters.

At CFI.co, we report on business, economics and finance to give you the information you need. Learn more about CFI here.

The Top 7 Best Private Banks Around the World

Exclusivity comes with a winnowing set of risk and a growing set of rewards. It costs money to reach for higher financial status, but obtaining such comes with a bevvy of perks.

It gets harder to manage everything the higher up you go, which is why specialized services come into being. Among the most broadly useful special services for the wealthy is the private bank. A place to house your wealth where it does work instead of collecting dust.

These banks offer more to their clients than other banking organizations. They offer fine-tuned control and added value to the banking experience, which explains why the largest private financial organization takes care of over 2 trillion USD

But which bank does one chose for their own needs? A lot of factors go into making such a choice but this list will provide criteria and options. 

Private Bank Offerings

The majority of what exclusive banks offer is hands-on experience and attention. Instead of dealing with a banker that deals with dozens, if not hundreds, of accounts, each getting a bit of nodding and hand waving when customers ask about their interest rates or money, a private bank offers professionalism.

Wealth Management

The growth and management of wealth ranks among the best private banking services. 

The overlap between wealth management services and private banking is so large that it’s more worth mentioning how they are different. The largest benefit of a bank over a management service is accessibility.

Finances in a bank are more available in a moment without taking time to untie or vest before moving. Not all funds deposited stay completely accessible, but more so than with a management service. 

Dedicated Personnel

Instead of having one banker with quotas and customers, you gain access to a dedicated person looking after you. This person may even be a team of people, depending. Their job is to work with you and your wealth to increase your bottom line and keep you aware of opportunities for growth.

You save time through individual attention. No going through a file each time you call to remember who you are. They know you and your needs on a personal level.

Dedicated Attention

The attention you receive from a personal representative bleed over into personal assistant territory. They anticipate your needs and offer additional help in planning and creating.

Network of Specialists

Your personal banker and banking team also bring you the benefit of other specialists. At some point, you will need to encounter and deal with tax attorneys, trust managers, and estate advisors. 

your personal banker can offer referrals for each of these that they have personal experience working with. This saves you the time to vet and research for these people.

Perks in Pricing

Offerings, in terms of services, from a private bank contain everything you would see at a lower bank but with incentives woven throughout.

You can expect to see discounts and freebies on some services. It’s quite common to be offered free personalized checks or a safe-deposit box. While it’s not everything, can save upwards of $300 annually on a box.

Of course, most private banks have some fees for their services but it’s nice to see the value additions they supply.

Private Bank Profiles

Now that you have an idea of what types of services you’ll find in a private bank, you can evaluate the following. Each of these excels in their service, security, and returns tho their clients. 

1. DBS Private Banking

This Singapore-based institution offers top-class digital transformation. They have trademarked the term iWealth to show their dedication to digital movements.

Their personnel are well versed in tech and connected to Asian and pan-Asian markets that seek to expand influence through the region. They’ve shown impressive growth in the last few years as well, jumping over 31% in assets in 2018.

2. J. Safra Sarasin

For those looking for a social-minded banking experience, Sarasin leads in programs bolstering societal goals. 

The bank has been in operation since 1841 as a family-owned business. They have spent the better part of three decades building a reputation for sustainable technology. 

They’ve grown while doing so, 23% in 2017 alone. They show that responsibility and social awareness can be profitable endeavours.

3. U.S. Trust

This top private bank offers a somewhat different set of offerings than others. Rather than focus on business owners and hairs, they work with executives and heads of industry.

The bank itself is part of a structure, as such, it is more branding than individual institutions. They work on stock options and retirement benefits for industry employees, which gives them substantial assets. Ideally, they work most often with C-Suite executives. 

4. UBS

The top holding private bank is the world’s largest financier. It gained this honour after smart mergers between its U.S. management and its international operations. together they aim to provide the best and most complete investment and client services. 

5. BBVA

Most private bank accounts start at $1 million in holdings. A few offer accounts for less, especially to financial movers, those with a definite possibility of increasing their portfolio rapidly.

BBVA works with a floor of $340,000. 

Currently, it is involved with large housing markets in Spain and holds a presence in Latin American markets. These growing sectors provide new investment opportunities for clients. 

6. Citi Private Bank

On the other hand, if you are looking to work with much more than the minimum, Citi Private is looking for that demographic. The bank caters to those with $25 million or more in assets.

They operate with a global strategic view, considering their high-end clients to be global citizens.

They work with multimillion-dollar investments and huge, intricate hedge funds. Their growth of 18% in 2017 shows they know who to influence and call shots.

7. Pictect

For those looking for something a bit more local, Pictect caters to the Western European market. An old-line Swiss bank in operation since 1805 with a foothold in Asia. 

They work it old school, using investment banking and cross-selling of credit to bolster dividends. Pictect offers a small, cosy feel with a lot of clout in the world.

Finance a Future

Few people get to experience the thrill of shopping for a private bank. It’s not everyone that has the assets to qualify for joining one of these venerable institutions. 

For further information on the banking industry and its impacts, read more here

SMEs in cashflow black hole as they wait for £24bn in late payments

Late payments up more than £10bn in a year

15% of British freelancers spend 4 hours and above a week chasing invoices

CEO of ETZ Payments, Nick Woodward, provides commentary on how late and inconsistent payments are hurting businesses and freelancers alike

Today, new research showed that Small and medium-sized companies are waiting to receive £23.4billion, up from £13billion in 2018. More than half of businesses are chasing money owed, with the bill for trying to collect it hitting £4.4billion, says retail payment authority Pay UK. This comes as ETZ Payments reveals startling national representative research that shows that nearly a sixth of freelance and contract workers spend over 10% of their working week chasing invoices and payments. The new research from PayUK showed that the average amount owed to each firm had risen from £17,000 last year to £25,000 today. This demonstrates that across the board, self-employed contractors, freelancers, and small businesses are under strain. As we near the general election and with almost guaranteed further Brexit uncertainty, SMEs and workers are going through one of the most turbulent periods of their existence.

Nick Woodward, CEO of ETZ Payments, a back-office solution provider for the recruitment sector, offers the following commentary:

“This year and next year will undoubtedly be a turbulent period for small businesses and workers alike with myriad political and economic issues and an increasing amount of late payments. This issue is seriously harming cash flow, investment and growth across the UK economy. There are over 2 million freelancers and 5.7 million SMEs today, and with financial constraints such as chasing invoices, this will harm productivity and profit, and more needs to be done by the next government to ensure that these entrepreneurs, business owners, managers and workers, are paid justly and on time to keep the economy moving.”

Cardstream Works With Banking Circle To Create Unique Lending Service

Joint white label solution allows Cardstream’s Partners to offer their merchants flexible and affordable business loans

www.bankingcircle.com

London, November 2019 – Independent payment solutions provider, Cardstream, has partnered with Banking Circle to pioneer a unique joint white label lending solution. Each of Cardstream’s more than 200 Partners provides payment services to many hundreds of SME merchants. Now, with the launch of this new initiative, they can offer these merchants access to affordable, flexible business loans which could make the difference between their success or failure.

To help smaller businesses access essential business financing more easily, Banking Circle entered the SME lending sector in 2018, launching Banking Circle Lending and Banking Circle Instant Settlement. These revolutionary new solutions were built in response to an SME study involving more than 500 businesses, which revealed the impact of high interest rates, high arrangement fees and inflexible repayment options when accessing funding through traditional lenders.

Cardstream identified that the Banking Circle Lending solutions would provide an important added-value for its Partners as CEO Adam Sharpe explained:

“Cardstream’s Partners enjoy strong and trusted relationships with the merchants to whom they provide our white labelled payment gateway service under their own trusted brand. Now, with this new service developed with Banking Circle, they can offer loans to any of their merchant customer businesses based on their online payments revenue.

“The loans are risk free to the Partner, who is able to retain a share of the revenue generated if this falls within its business model and merchant agreement. We believe it’s a win-win for both sides.  The Partner enhances its merchant relationships and the merchants have quick access to valuable funding, whether to fill a cashflow gap or to support business growth.”

Anders la Cour, co-founder and Chief Executive Officer of Banking Circle added: “Banking Circle is committed to providing market infrastructure as a real alternative to traditional banking solutions, with the aim of increasing financial inclusion. As part of this, we wanted to deliver a more accessible lending solution for businesses in need of a financial boost.

“Now, through our partnership with Cardstream, more than 200 payment providers have access to our unique lending solution, meaning tens of thousands of small businesses can access the cash they need to expand, restock or simply survive a quiet period. In the past, these SMEs would have been unable to borrow the vital funds, which could have meant letting employees go or even business failure.”

About Banking Circle

Banking Circle is a next-generation provider of mission-critical financial services infrastructure leading the rise of a super-correspondent banking network. Banking Circle empowers banks and financial tech businesses to support customers’ trading ambitions – domestic and global – whilst reducing risk and the operational cost of transactions. Banking Circle solutions are increasing financial inclusion by helping thousands of businesses transact across borders in a way that was previously not possible.

In 2013 Saxo Bank formed a new entity, Saxo Payments A/S, with the purpose of using Saxo Bank’s core capabilities within the non-cash payments market. In October 2015 the company launched the Banking Circle – its ground-breaking product for payments and FX to the Financial Tech industry. In October 2017, the company launched its new identity for Banking Circle, to reflect its position as a financial utility, servicing Financial Tech businesses and banks. In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle’s founders.

Domiciled  in the European Union, Banking Circle specialises in providing global banking services including accounts, payments, lending and foreign exchange services to financial institutions, including FinTechs, banks, acquirers, payment service providers, FX brokers, money transfer businesses, e-wallets, and alternative payment providers.

About Cardstream

FinTech success Cardstream is the UK’s largest independent provider of white label payment software and services. Its mission is to become the global standard for white label payment provision. Everything the company does is designed to give its partners the freedom, flexibility and control to deliver the unhindered achievement of their business objectives.

Cardstream’s breadth of relationships, advanced portfolio of features and acquirer independence ensures that its partners can build a payment proposition they control and that delivers the maximum financial return.

For further information and inteviews please contcat the Cardstream Press Office:

Leon Lee – Commercial Director

T: 0345 0099575

E: [email protected]

The Link: The world’s biggest taboo we dare not discuss

Although it should be a relationship we are all most concerned about, it remains under wraps. “The Link”, as we call it, is the critical connection between equal opportunities for women, overpopulation and the problem of climate change.

Let us start with demographics. The world is heavily overpopulated, and according to some estimates by as much as 300%. This not only has an impact upon things like housing availability and the level urbanization, but also – more fundamentally – on consumption of the world’s finite and barely renewable resources and its vulnerability to famine. Overcrowding on a wide scale is strongly correlated with poverty, social unrest, crime, pandemics, large scale economic migrations and, in turn, to pollution and climate change.

But what makes this subject a political “hot potato” is the fact that women, given true equal rights, will self-limit population growth and the coexistence of rapid population growth in some regions and fears of depopulation in others. Germany, Italy and China, for instance, face the prospect of reducing indigenous populations as women marry later (or not at all), have smaller families or do not have any children at all. Even though this should be an advantage to a country in the face of growing automation, it is a political crisis because governments see population numbers as correlating with their country’s status in the world.

Companies also want population growth, because more population equals more consumers and available labour. However, the biggest driving force in population growth is the cultural norm of “the family”. In many countries the pressure exists from within the extended family to conform through marriage by a certain age and the production of children. This right is also sacrosanct and even discussing it can be a tricky process. Moreover, even in the developing world it is increasingly being supported through statutory family friendly employment policies.

Back at the turn of the century books were even being published such as “The Baby Boon: How Family-Friendly America Cheats the Childless” by Elinor Burkett. There was then even the vestiges of a movement to assert the rights of single, childless (never called “child free”) workers and claim parity with those who received often generous employee benefits. But nothing truly came of it. Yet, it remains the big issue because it not only costs the employer and taxpayer a large slice of GDP to support those expanding their families, but there is also a direct link between every birth, the drain on finite global resources and other social/environmental problems.

Robin Chater, Secretary-General of the Federation of International Employers (FedEE), has addressed this issue at conferences several times, knowing that invariably the message will be seen as an attack on the family. However, because the issue is sensitive does not mean that it should be ignored. Robin reflects: “I can recall standing up at an international conference organised by ‘The Economist’ in Athens a few years ago. I produced lots of evidence to illustrate how much the world was overpopulated, then linked it directly to climate change – on many fronts, as well as more people equals more CO2 – and finally demonstrated that population growth was strongly linked to women’s rights. The more equal the society the more well balanced a society’s population will be. At the end of my talk the audience of around 200 people was momentarily silent and then up stood the vast majority of the women in the room and clapped. Not the men present, just the women.

What is FedEE?

The Federation of International Employers (FedEE) is a leading corporate membership organisation for multinational companies. It was founded in 1998, with financial assistance from the European Commission. Today it is an independent body with corporate members all around the globe. 

Three reasons why Corbyn’s Labour manifesto will bring economic chaos

Jeremy Corbyn’s Labour party’s radical Marxist manifesto will bring far-reaching economic chaos for Brexit-battered Britain, affirms the boss of one of the world’s largest independent financial advisory organisations.

The founder and CEO of deVere Group, Nigel Green, is speaking out as the Labour leader unveils his party’s manifesto on Thursday ahead of next month’s general election.

Mr Green says: “Labour’s Marxist manifesto is the most radical and dangerous in decades.

“It would bring far-reaching economic chaos for a Brexit-battered Britain already on the brink.

“Corbyn and McDonnell’s agenda would create a nightmarish scenario that would hit those very people the most that it is proclaiming to try and support and protect.”

He continues: “There are three fundamental reasons why the Corbyn-led Labour manifesto would damage the UK economy.

“First, it would drive down already stagnate business investment in the UK. 

“The mammoth nationalisation programme will leave companies thinking ‘who’s next?’ Plus, the snatching of 10 per cent of the shares in every big company and a significant increase in trade union power, including a return to collective bargaining, will leave UK and international investors justifiably concerned that their investments will not be safe under Labour.

“This will seriously erode any attempts to generate long-term, sustainable economic growth.”

Mr Green goes on to say: “Second, it would trigger an exodus of some of the most successful and wealthiest individuals.

“This would likely be due to concerns regarding Labour’s stance on inheritance tax, income tax, stamp duty and capital gains tax, potentially even capital controls, and the slashing of pensions tax relief.

“Typically, these people have the resources to move to safe lower tax jurisdictions if the tax burden in Britain becomes too great. 

“Should these largely job and wealth-creating, tax-paying individuals quit Britain, the government’s finances will suffer significantly because they contribute a disproportionately large amount to the state’s coffers. Indeed, they prop-up the system.

“And third, a renegotiation of the Brexit deal, which would be put to a second referendum, would create many more months of uncertainty for businesses.”

The deVere CEO concludes: “Labour’s economic agenda is a risky gamble. Its potential for serious adverse consequences is massive. 

“And whilst the radical plans are already far-reaching, this might be just the beginning, with more misguided policies to come.”

Opening Your First Account: What to Look for in a Bank

Are you considering opening your first bank or looking for one for your child? Don’t just go with the one down the block due to convenience. There are actually more options out there than you realize – and some that can save you money and keep your cash safer for the long term!

Read on for our top tips on what to look for in a bank so that you can store your wealth the smart way. 

1. What Kind of Account Do You Need? 

Some banks offer you more perks for checking accounts versus savings accounts, and the other way around. This can be due to higher interest rates, convenient mobile checking deposit options, or banks that don’t charge you monthly fees. 

If you don’t want your money to stagnant in a savings account and want to save more, then a high-interest savings account may be for you. Although many brick-and-mortar banks don’t offer very high interest, many online banks do. 

Perhaps you want to replace your current checking out. Larger banks offer more options if you want flexibility, and there are also high-yield checking accounts that are offered by online banks, credit unions, and community banks. 

2. Avoid Minimum Balances

Some banks require you to have hefty minimum deposits, which essentially locks your money up in an account for the foreseeable future without earning much interest. Online banks such as Ally Bank and Capital One 360 offer checking accounts that don’t require a minimum balance. Smaller banks and credit unions are also less likely to require minimum balances. 

3. Avoid Overdraft Fees

Overdraft fees are one of the biggest penalties to hit consumers. Banks can charge $35 or more for each overdraft to your account if you’ve opted for overdraft protection, which can become a vicious cycle. The bank is essentially giving you a loan with a hefty fee attached. 

Overdraft protection isn’t required, even though banks will try to push you towards it. When you don’t have overdraft protection, your purchases or ATM withdrawals are simply declined if you have insufficient funds. Remember to read the fine print of whichever bank you choose and go with the option that has fewer fees, or no fees at all. 

Some banks will allow account holders to link a savings account or credit card to your account and transfer money if you have insufficient funds. You’ll avoid large fees, but you’ll also be able to complete your purchases. 

You’ll also want to see if your bank is capable of sending you text alerts if you have a low-balance or have crossed a threshold you’ve indicated. With banks that offer mobile apps, you’ll have a much easier time monitoring your account’s balance. 

4. Consider Accessibility 

Although online banks come with a lot of perks, they can lack the convenience of big brick-and-mortar banks. If you’re having issues with an account or need to deposit cash, this is much easier with a traditional bank. 

Many online banks require you to mail in your cash if you need to make a deposit. If you’ve noticed any fraudulent activity on your account or need some assistance, you’ll need to chat with a customer service representative online or call. Depending on how effective their customer service is, this can either be a convenience or a major hindrance. 

Carefully think about your accessibility needs and choose the bank that makes your life easier for the longterm. 

5. Consider Spending Habits

You’ll also want to consider your lifestyle. If you’re making an effort to save money, many financial advisors recommend you go with a bank that allows you to open and name multiple accounts. This enables you to have one checking account and separate savings accounts for all your different savings goals, such as emergency money, gift funds, and travel funds. 

Portioning out your money this way makes it far easier to budget. When you access your account online, you’ll see right away how much money you have available to spend and how much you need to save. 

6. Digital Features

There are a lot of digital features available now that make your life a lot easier and your account more secure. This includes the ability to transfer funds, deposit checks, and pay bills all through an app.

Some banks offer the ability to immediately lock a debit card or customize it to not allow international purchases or purchases out of your local area. Overall, banks are pushing towards more high-tech solutions, including utilizing IoT

If you’re predominantly a debit card user, this kind of peace of mind is invaluable. Make sure to browse a bank’s website and read their app reviews to see how convenient and developed their digital features are. 

7. Read Terms & Conditions

It may seem unnecessary, but you really should read the fine print before opening a bank account, especially one that you’ve found online. Here are a few things you should check for: 

  • Monthly service fees
  • Out-of-network ATM charges
  • FDIC insured savings accounts
  • Promotional deals that are expiring

You need to know exactly what you’re getting into before you join a bank or open one for your child – this saves you future headaches. If you find that you want to open a checking account with one bank and savings with another, ask yourself if this will suit your lifestyle and if you’d be able to keep up with it. 

What to Look for in a Bank: Secure Money that Grows

When you consider what to look for in a bank, it’s all about finding one that suits your lifestyle, keeps your money secure through insurance and smart digital features, and doesn’t let your money stagnate.

For instance, if you have thousands of dollars worth of savings, keeping it in a savings account with a low interest rate for years will actually be losing you money. Inflation rates rise while your purchasing power diminishes. You would do better to store this in a CD or high-interest savings account.

If you have a teenager that’s opening his or her first bank account, maybe they would do better with an account that offers the ability to open multiple savings accounts. This will help them learn how to budget effectively.

If you found this article helpful, keep reading our banking section for the latest news and analysis of banking policies around the world!

Atos and Fintech Circeo develop innovative loan management solution for major worldwide retailer

A solution to help run Loan Management from a hybrid cloud leveraging Google Cloud Platform

November 20, 2019 Atos, a global leader in digital transformation, and Circeo, a leading Fintech in developing next-generation retail loans software, today announce the development of an innovative loan management solution built with Google Cloud Platform. Developed initially for the bank subsidiary of a major worldwide retailer, Atos and Circeo will soon begin bringing the solution to market for other customers.

This offering is based on a hybrid cloud solution which combines Google Cloud Platform (GCP) together with Atos’ expertise in end-to-end cloud orchestration and management, and infrastructure services and support. It enables users to benefit from the advantages of a fully-managed and secure cloud service which is seamlessly integrated with Google Cloud Platform (GCP).

With this joint solution, clients can run Fintech software built on Oracle technologies on hybrid cloud infrastructures, and thereby benefit from elasticity, resilience, innovation and pay-per-use models – without the need to redevelop their existing systems. The Google Cloud Atos partnership ensures that the client benefits from direct, secure and high-performance network connectivity, for faster and optimised access to Google Cloud resources.

This new solution from Atos and Circeo will help the end-customer manage peaks of activity in Loans, particularly during sales and specific events such as black Friday thanks to the elasticity and resilience of GCP.

Circeo is an innovative Fintech delivering a next generation flexible digital lending platform, based in the Cloud, which enables tailor-made financial products to be made within just a few days. It is part of Atos’ FinTech Partner Program and one of Atos’ most dynamic Fintech partners.

“This solution demonstrates the unique value we deliver to our customers thanks to our ambitious Fintech Engagement program which aims to bridge the gap between banks and Fintech.” says Wim Los, SVP, global Head of Atos and Google Cloud enhanced Alliance at Atos. “Developed by Atos and Circeo, it is a framework which will be replicated for other clients, on other markets”.

“We are glad for this unique opportunity leverage our global partnership with Atos to promote and implement the Atos-Circeo Retail Lending Factory platform” says Laurent Clerc, Founder and CEO at Circeo“By delivering unique value with Atos, we expand existing client portfolios and onboard new clients into production.”

We’re delighted that Atos and Circeo chose to develop this solution with Google Cloud Platform,” said Rayn Veerubhotla, Director, Partnerships at Google Cloud. “With this solution, customers can modernise their existing infrastructure and begin to take advantage of the core capabilities of Google Cloud.”

Atos was recently recognised as ‘Global breakthrough partner of the year’ by Google Cloud.

About Atos

Atos is a global leader in digital transformation with over 110,000 employees in 73 countries and annual revenue of over € 11 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions. The group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Syntel, and Unify. Atos is a SE (Societas Europaea), listed on the CAC40 Paris stock index.

The purpose of Atos is to help design the future of the information technology space. Its expertise and services support the development of knowledge, education as well as multicultural and pluralistic approaches to research that contribute to scientific and technological excellence. Across the world, the group enables its customers, employees and collaborators, and members of societies at large to live, work and develop sustainably and confidently in the information technology space.

Money remains the biggest conversation taboo

Money is a bigger taboo than sex, religion or politics, according to a survey by one of the world’s largest independent financial advisory organizations.

In the global survey, conducted by deVere Group, 56% of those polled ranked personal finance as the most difficult subject to discuss with family, friends and colleagues.

It came ahead of sex (18%), politics (12%), religion (8%) and health issues (6%) in the poll of more than 700 clients in the UK, Europe, Asia, Africa and Australasia.

Nigel Green, the founder and CEO of deVere Group, comments: “We’re moving towards the holiday period when people, typically, are more likely to get together with loved ones than at any other time in the year.

“But the survey shows that what they are least likely to be discussing is personal finance – including income, taxes, pensions, debt, savings and expenses. 

“Money remains the biggest social taboo.”

He continues: “The taboo of talking money needs to be broken down and normalized.

“We need to recognise and celebrate how money can truly provide individuals and their loved ones with incredible life-enhancing opportunities.  

“In addition, high-net-worth individuals tend to be society’s primary wealth and job creators, major tax contributors and philanthropists.”

He goes on to add: “The de-stigmatization of talking money would also help banish the ‘head in the sand’ attitude to personal finances that prevents many from achieving their financial goals.

“Plus, when money is an awkward topic of conversation, it is easier for people to get an unfair deal. These people typically tend to be women, younger people and ethnic minorities. Silence about money issues can often allow the unfairness to continue unabated.”

Mr Green concludes: “Finances can be complex and are specific to each individual. The answer is to seek independent, expert help from professionals who will be able to signpost people in the right direction.

“We use money every day, it’s an essential part of our lives. Therefore, we need to get more comfortable discussing it. 

“Beginning a conversation about money is the first step, but it should become a normal occurrence, because as our lives change so do our financial needs and wants. Tackling the money conversation taboo is likely to lead to enhanced financial freedom and security.”

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement

CitySprint recruiting over 500 couriers across the UK for peak season

London, UK, 19th November 2019: CitySprint — the UK’s largest same day distribution company — has announced that 500 additional couriers are required across the UK ahead of the Christmas rush.

Christmas can often be a make-or-break time for many businesses — especially those who operate online and rely on an efficient delivery service to get their goods to their consumers. Peak season traditionally runs from the end of October until the New Year — with CitySprint completing an incredible 600,000+ deliveries during this time lastyear.

New couriers will add to the 5,000-strong fleet to support with seasonal demand — with the business focusing primarily on van couriers to cover increased delivery volume. These couriers are needed across the UK, with a specific focus across the following cities:

  • Central London
  • Manchester
  • Bristol
  • Birmingham
  • Nottingham
  • Leeds
  • Telford
  • Letchworth
  • Cambridge
  • Reading

Speaking about the benefits of delivery work, Stephen Gray, a courier in Wales says: “A friend recommended I apply to be a courier with CitySprint sixteen years ago, so I bought a van, tried it out and I haven’t looked back since. I love the freedom of being a self-employed courier; I meet different people, travel across the country and experience different situations every day — it keeps things exciting! Plus, the team at CitySprint are fantastic. Honestly, if you’re looking for a satisfying job which gives you choice, flexibility and financial security then I suggest you give CitySprint a call!”

Bristol-based courier, Filip Boshnakov, adds: “Before joining CitySprint in 2017 I’d been considering working as a courier for a while. Ultimately, I chose CitySprint because I wanted to work as a self-employed person and valued the freedom attached to the role. The flexible hours, opportunity to meet different people, and the ability to visit different places mean that I can combine work and family commitments whilst also still enjoying the work that I do. Working with CitySprint makes you realise that your job isn’t just a job; you can relish your work and the experiences you face every day here. I would highly recommend joining our team to all of my friends.”

Paul Gisbourne, Chief Operating Officer at CitySprint, commented:With just 36 days to go until Christmas, businesses are gearing up for the busiest time of the year. Bolstering fleet numbers will allow us to continue to deliver a first-class service and ensures we stay ahead of our competitors. We know that the Christmas season brings increased pressure, demand and competition for our customers, which is why we are committed to going the extra mile at a time when it matters most.”

For more information on becoming a CitySprint courier, visit and apply today: www.citysprint.co.uk/couriers/christmas-jobs

About CitySprint

  • CitySprint is the UK’s largest privately-owned same day distribution company and is one of the top five same day distribution companies in the world.
  • CitySprint supports businesses across the UK with a range of delivery solutions, including same day, UK overnight and international delivery, bespoke logistics design and specialist services for key sectors such as retail and healthcare.
  • CitySprint has several brands under the CitySprint name, supporting their specialist services. These include CitySprint Health, CitySprint Office, On the dot and Transworld.
  • CitySprint has a regional network of 30+ service centres across the UK with a fleet of over 5,000 vehicles.
  • CitySprint is backed by leading, independent equity house, Dunedin, and private equity specialists, LDC.
  • CitySprint’s unique national same day delivery network can reach over 88% of mainland UK within 60 minutes (source: Crimson & Co.)
  • Download CitySprint’s free app and quote, book and track your courier from the palm of your hand: Google Play / iTunes
  • Website: citysprint.co.uk