We farewell George Rota and welcome his replacement Mark Tiffen to the IFG Wellington office. Over the last 8 years George has been a great ambassador for Interface in the Wellington region. We are sorry to see George move on to new ventures and wish him every success in the future.
Banking customers value personalised products and services, and recent research shows that the majority of people are willing to provide their bank with more information about themselves if they receive improvements in the suitability of products and services they are offered.
95 funny and inspirational quotes about money.
The growing love affair smartphone-toting Kiwis have with mobile banking is starting to push the desktop PC into second place.
A start up concrete contracting business won subcontracts to repair Christchurch earthquake damage - they experienced impressive growth but did not have the asset security or trading history to obtain the additional bank funding required. IFG helped with a cashflow solution.
With the growing popularity of online and smartphone banking, will face-to-face banking be a thing of the past? Any suggestion that face-to-face banking will be obsolete is an overstatement. Although customers now prefer a self-service approach for their everyday banking, face-to-face service will remain important for complex banking decisions and advice. Digital technology is merely expediting a transformation of bank branches, rather than making them extinct.
Carl Richards, a financial planner, has been explaining the basics of money through simple graphs and diagrams. Here are a few that caught our fancy.
The number of companies going into receivership has fallen but more businesses are wanting advice on how to avoid financial trouble, according to one of the country's top receivers.
IFG welcomes Brian and Wendy Gallaher who joined the group in May 2013 and are responsible for servicing the Waikato region.
A West Auckland drainage contractor needed help to ensure that cashflow would not hamstring its business while undertaking a major infrastructure project for a customer in the transportation industry.
While banking customers are still most likely to seek information and advice from friends and family, online information and opinions are rapidly gaining influence. People are doing their own research and listening to each other more than their banks or financial advisors. According to Ernst & Young's 2012 Global Banking Survey: 71% of people seek advice on banking products and services from friends, family or colleagues 65% use financial comparison sites to source the best deals 44% get banking information from social networking sites
We farewell Chris Reid and welcome his replacement Gary Wong to the IFG New Zealand national office.
If you are looking for some useful calculators on the iPhone then check out our list of the best calculator iPhone apps.
IFG was able to help with a cash flow solution while the printing company managed its way through a period of decreased turnover and short term cash flow pressure. The company is now back on its planned growth trajectory.
Customers are becoming less loyal to their main bank. They increasingly expect banks to provide effective rewards to retain their loyalty and prevent them from either switching banks or increasing the number of banks they use.
EQC BASED SOLUTION IN CHRISTCHURCH IFG has recently helped a rapidly expanding building company servicing the Fletchers opt-out EQC repairs market in Christchurch. Their banker was unable to extend their overdrafts any further and so got in touch with Matt at IFG. He was able to provide the cash needed to ensure they have the cash they need to continue to run the business.
KIWIS TO TAKE ON MORE CREDIT AS CONFIDENCE GROWS Kiwis are expecting to take on additional credit and increase spending in the early part of 2013, driven by an improved perception of their household finances and a greater ability to cover existing credit obligations. These findings provide further evidence of rising consumer confidence and a recovery in New Zealand's economy.
How the same technology that powers modern financial markets can help employers book workers for slivers of time.
"New Zealand businesses are dramatically improving the time it takes to pay their bills" according to the most recent Dun & Bradstreet quarterly Trade Payment Analysis. The average debtor days are now 42.2, a level not seen since the third quarter of 2007!
At Interface we have seen a sustained improvement in activity since late 2011. Volumes are up by 24 % through July 2012 over 2011. Businesses are starting to take on more work and generate more output. The gives rise to more demands on working capital.
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