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How secure is your business phone’s wifi hotspot?

ABC Staff
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How secure is your business phone’s wifi hotspot?

Creating a Wifi hotspot using your business phone can be an easy way to create mobile internet for your laptop so you can work remotely.

It’s more secure than using public WiFi because it creates a personal internet connection for you.

Unlike public WiFi connections, which can easily be duplicated by hackers to con people into entering their sensitive information into a fake website, you know your personal WiFi hotspot is a legitimate connection.

Plus, it’s password protected.

But using your business phone to create a mobile hotspot doesn’t come without its own risks and potential problems.

Here, we run through the main things to think about if you’re going to tether a mobile device to your phone’s personal hotspot.

What is a mobile hotspot and how does it work?

A mobile hotspot is a wireless internet access point that allows you to connect your laptop or tablet to the internet through your phone when you’re on the go.

The majority of modern smartphones come with your own personal hotspot already built in, you just need to enable it.

They work by tapping into 3G, 4G or more recently, 5G cellular networks, just like your smartphone does.

As long as your employees have a stable connection on their business phone, they’ll be able to connect to the internet anywhere they want – ideal if they’re working remotely.

How to turn your business phone into a WiFi hotspot

The way you turn your phone into a WiFi hotspot will vary slightly from phone to phone, but it isn’t complicated at all and will only take you a few seconds to get it up and running.

  • iOS devices 

Go to your phone’s settings then, depending on the model you have, go either straight to ‘Personal Hotspot’ or ‘General’  and then ‘Network’ and slide the switch on. 

  • Android devices 

Go to your settings and find ‘Wireless and Networks’.

From here go to ‘Tethering and Portable Hotspot’ and tick the box for ‘Portable Hotspot’.

Again, this will probably vary from model to model, so it’s best to check with a quick Google search or flick through your phone’s manual if you can’t find the right settings.

Security considerations

Using your business phone as a personal WiFi hotspot has clear benefits, but you still need to be cautious and smart about how you use it and keep yourself protected.

Switching on your phone’s hotspot makes your network discoverable to anyone nearby, including the likes of hackers and data thieves.

Hotspots on Android devices are “open access”, which means no secure password is created when setting up the hotspot and anyone will be able to access your network – as well as get their hands on your sensitive company data.

But you can create a password for your network.

Apple iPhones, though, automatically generate a secure password for your hotspot.

If your employee is the only one who should be using the network, then they should make sure they create their own secure password – something that’s longer and harder for people to guess.

This way they can prevent unwanted people from joining their network and using their data allowance, or potentially getting hold of private business information.

The best option is to use the hotspot settings to prevent other people from joining the network or to stop it being discoverable by other people.

This ensures it remains safe from hackers as they won’t be able to find the network in the first place.

Cost considerations

Hotspot data usage is directly related to what you’re doing on your other devices.

One of the biggest things to consider for your employees using their business phones as a hotspot is that it does run down their mobile data. 

It can run it down considerably in a short time if they’re performing a lot of data intensive tasks.

Take Zoom for example, we’ve all had to use it at some point in the last 18 months. 

Research from Whistle Out shows that spending one hour on Zoom uses up to 810MB of your data per hour while web browsing uses 60MB per hour.

If your employees are on meeting after meeting, this will add up quickly and it could mean they’re having to exceed their data limits to be able to continue working efficiently.

Before you’re allowing your employees to tether mobile devices to the business phone, make sure you have a data plan first that’s able to support them.

An effective remote working tool, that needs careful management

Creating a WiFi hotspot using a business phone can be a more effective and secure way of enabling employees to connect to their work systems.

It needs to be carefully managed though, from a security and awareness standpoint as well as from a cost perspective.

Make sure you have a business mobile phone plan that can support the use of mobile hotspot and data.

There’s a wide range of plans available with a number of reputable providers for you to choose from, so you’re bound to find something perfect for you and your employees. 

Creating a Wifi hotspot using your business phone can be an easy way to create mobile internet for your laptop so you can work remotely.

It’s more secure than using public WiFi because it creates a personal internet connection for you.

Unlike public WiFi connections, which can easily be duplicated by hackers to con people into entering their sensitive information into a fake website, you know your personal WiFi hotspot is a legitimate connection.

Plus, it’s password protected.

But using your business phone to create a mobile hotspot doesn’t come without its own risks and potential problems.

Here, we run through the main things to think about if you’re going to tether a mobile device to your phone’s personal hotspot.

What is a mobile hotspot and how does it work?

A mobile hotspot is a wireless internet access point that allows you to connect your laptop or tablet to the internet through your phone when you’re on the go.

The majority of modern smartphones come with your own personal hotspot already built in, you just need to enable it.

They work by tapping into 3G, 4G or more recently, 5G cellular networks, just like your smartphone does.

As long as your employees have a stable connection on their business phone, they’ll be able to connect to the internet anywhere they want – ideal if they’re working remotely.

How to turn your business phone into a WiFi hotspot

The way you turn your phone into a WiFi hotspot will vary slightly from phone to phone, but it isn’t complicated at all and will only take you a few seconds to get it up and running.

  • iOS devices 

Go to your phone’s settings then, depending on the model you have, go either straight to ‘Personal Hotspot’ or ‘General’  and then ‘Network’ and slide the switch on. 

  • Android devices 

Go to your settings and find ‘Wireless and Networks’.

From here go to ‘Tethering and Portable Hotspot’ and tick the box for ‘Portable Hotspot’.

Again, this will probably vary from model to model, so it’s best to check with a quick Google search or flick through your phone’s manual if you can’t find the right settings.

Security considerations

Using your business phone as a personal WiFi hotspot has clear benefits, but you still need to be cautious and smart about how you use it and keep yourself protected.

Switching on your phone’s hotspot makes your network discoverable to anyone nearby, including the likes of hackers and data thieves.

Hotspots on Android devices are “open access”, which means no secure password is created when setting up the hotspot and anyone will be able to access your network – as well as get their hands on your sensitive company data.

But you can create a password for your network.

Apple iPhones, though, automatically generate a secure password for your hotspot.

If your employee is the only one who should be using the network, then they should make sure they create their own secure password – something that’s longer and harder for people to guess.

This way they can prevent unwanted people from joining their network and using their data allowance, or potentially getting hold of private business information.

The best option is to use the hotspot settings to prevent other people from joining the network or to stop it being discoverable by other people.

This ensures it remains safe from hackers as they won’t be able to find the network in the first place.

Cost considerations

Hotspot data usage is directly related to what you’re doing on your other devices.

One of the biggest things to consider for your employees using their business phones as a hotspot is that it does run down their mobile data. 

It can run it down considerably in a short time if they’re performing a lot of data intensive tasks.

Take Zoom for example, we’ve all had to use it at some point in the last 18 months. 

Research from Whistle Out shows that spending one hour on Zoom uses up to 810MB of your data per hour while web browsing uses 60MB per hour.

If your employees are on meeting after meeting, this will add up quickly and it could mean they’re having to exceed their data limits to be able to continue working efficiently.

Before you’re allowing your employees to tether mobile devices to the business phone, make sure you have a data plan first that’s able to support them.

An effective remote working tool, that needs careful management

Creating a WiFi hotspot using a business phone can be a more effective and secure way of enabling employees to connect to their work systems.

It needs to be carefully managed though, from a security and awareness standpoint as well as from a cost perspective.

Make sure you have a business mobile phone plan that can support the use of mobile hotspot and data.

There’s a wide range of plans available with a number of reputable providers for you to choose from, so you’re bound to find something perfect for you and your employees. 

Andrew Lazarus Sees Real Estate Success Along Central Coast

Sam Allcock
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0
Andrew Lazarus Sees Real Estate Success Along Central Coast

Within the Sydney real estate industry, philanthropist and hotelier Andrew Lazarus is a well-known name. His work has included flipping hotels and major properties to improve parts of Sydney. This preservation has brought back to life modern and historical buildings alike.

His high-profile projects have garnered a lot of attention—and not all of it favorable. It’s taken some hard knocks to learn what changes are right for a specific venue in a given location, says Andrew Lazarus. Like any great professional, he’s taken the learning curve head-on and has spent more than 30 years gaining the necessary experience for highly successful ventures. Adapting to the industry has allowed him to flourish in the Australian hospitality industry.

Among his top contributions to his community is his charity work. His goal has been to give back to help make the Sydney and Newcastle areas stronger than ever before. In addition, he often uses his hotel ventures to participate in community activities that support the Australian locals. His goal is to get his hospitality projects to a place where he can do more of the charity work with a hands-on approach.

Andrew Lazarus: Major Real Estate Projects

After three decades of work, it’s not surprising that he has participated in several notable deals. With many major projects currently under his belt, some of his most recent major real estate acquisitions include:

Vaucluse Home

In 2018, the sale of the $8 million Vaucluse Home made notable news. Prior to the sale, the Lazarus family owned the home for two decades. Ready to move on, Andrew Lazarus sold the property off-market to Jordana and Roby Sharon-Zipser. Roby Sharon-Zipser is the Hi-Pages co-founder and CEO. This purchase was a big step up from the couple’s previous North Bondi semi that sold for $2.85 million in 2016.

This house included a cabana, swimming pool, outdoor entertainment area and more, seated on an 845 sq m property. The residential dwelling includes five bedrooms and four baths.

Macquarie Hotel

The $25 million Macquarie Hotel in Liverpool was already undergoing renovations when purchased by Lazarus. His goal was to jump in the development boom of Sydney in the outer west with the property purchase. The building is located on a 1,000 sq m block and was owned by JDA Hotels group for the past three decades before being purchased by Lazarus’s group.

Shoal Bay Country Club

Located along the water, the Shoal Bay Country Club offers a high-class, family-friendly space. Purchased for an estimated $18 million, Lazarus saw Shoal Bay Country Club as something that could appeal to visitors of all ages. By 2018, Lazarus had completed a $6 million renovation that gave the iconic venue a nostalgic design nod to the past and a family-friendly atmosphere. The location offers a pub, beautiful views, outdoor seating, seafood, bistro foods and live music.

Beach Hotel in Merewether

Purchased by Eastern Hotels Group in 2019, this hotel was in desperate need of an upgrade. Originally the Newcastle hotel—but known locally as The Beaches—this iconic hotel is located on Merewether Beach and operates as Newcastle’s only beachside pub. As a two-story beachfront hotel, the views are fabulous.

Andrew Lazarus says he doesn’t want to change the nature of The Beaches. Instead, he wants to renovate the building for improved structural integrity, estimating his project will run around $3 million. The Beaches was previously owned by the Bale and Twohill families for the past 45 years. In 2016, it underwent a renovation.

Lazarus believes the hotel’s legacy should live on, staying true to what it has offered the Newcastle area. Before making any changes, he spent 2020 learning how the hotel functions within the area and what the clientele finds most important about the spot.

Future Plans for Andrew Lazarus

Andrew Lazarus continues to look for real estate deals that will produce assets for his company. However, he says his sights are shifting north of Sydney more often than not. “The market in Sydney is just very expensive and very competitive,” Lazarus explains. “And now that we have the three hotels in relative vicinity up here in Newcastle and the Central Coast, this is a region I’m more focused on.”

Areas of the UK that would take the longest time to save up for an average UK wedding

Sam Allcock
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0
Areas of the UK that would take the longest time to save up for an average UK wedding

It’s no secret that planning a wedding can be extremely expensive. When you add up the cost of venue hire, registrar fees, invitations, flowers, catering, a wedding cake, music and entertainment, transport, photographer fees, hairdressing and makeup artistry, bridesmaids’ dresses and accessories – not to mention the wedding dress (which alone averages around £1,200) – you can be faced with an eye-watering figure.

The UK Wedding Report (2020) found that the average cost of a UK wedding is £16,005 – and that doesn’t even include the engagement ring or honeymoon. The venue and catering together represent more than half (52%) of all wedding costs, with catering spend per guest averaging £45.

So how long does it take to save up this kind of money? Research suggests it all depends on where you live.

A study by beauty experts Cosmetify analysed ONS (2021) data on the median pay for residents in 181 regions of the UK, to see how long it would take the average person to save up this amount if they put away 5% or 10% of their monthly wage after tax.

Areas of the UK that would take the longest time to save up for an average UK wedding

According to a recent study, people living in Leicester need the longest time to save for the average UK wedding, with residents of northeast areas such as South Teesside and Kingston upon Hull also needing to save for longer.

In contrast, those based in London will need the least amount of time to save for their weddings, followed by people in the Home Counties of Surrey, Berkshire and Hertfordshire.

Read on to find out how long you can expect to save for a wedding, based on where in the country you live.

Which areas take the longest time to save for a wedding?

Leicester

Situated in the East Midlands region of England, Leicester is the area of the UK where residents have to save the longest to afford the average cost of a wedding.

With a yearly take-home salary of £17,166.96, it’s got the lowest median wage in Britain.

This means if one person in a typical couple puts aside 5% of their wage they would only be able to save £858.35 each year, so it would take nearly 19 years to reach the £16,005 that’s needed to pay for the average wedding.

Even if both people in a Leicester couple save 5% of the median wage, it would still take them more than nine years to cover the cost of their big day.

Torbay

This borough of Devon may be fondly referred to as ‘The English Riviera’, attracting tourists to its delightful towns of Torquay, Brixham and Paignton, but if you live in Torbay it’ll take a good few years to save enough money to pay for your wedding.

The southwest region ranks second on the list of places that take the longest to save for the UK’s average wedding.

This is due to the fact that the median annual wage for the area is just £17,199.60. If one person in a couple saves 5% of their salary, they can only set aside £859.98 a year, meaning it would take more than 18 and a half years to reach the full amount.

Isle of Wight

Just off the south coast of England lies the country’s largest island – the Isle of Wight.

With an average net salary of £17,281.20, residents here can also expect to wait 18 and a half years before they have enough money to pay for their wedding day.

That’s based on one person in a couple saving 5% of their wages, meaning they’ll be able to put aside £864.06 each year. However, if both people in the average couple save for their wedding, they can save twice as quickly and cut their wait-time in half.

Nine years is still a long time to wait to get married, though.

City of Kingston upon Hull

Further down the list is the Yorkshire city of Kingston upon Hull.

It comes after places like Blackpool, Cornwall, Bradford, Nottingham and South West Wales, all of which take residents around 18 years to save for their wedding, based on one person in a couple saving 5% of their salary.

If you live in Hull and get paid around £17,876.80 (which is the median salary for the area), it’ll take you and your partner almost nine years to save enough money to cover the cost of the average UK wedding. Or just under 18 years if only one of you is saving up, as you’ll only be able to put away £893.84 per year.

South Teesside

Another part of Yorkshire makes the list of places in the UK that take the longest time to save for a wedding.

Located on the south bank of the River Tees, South Teesside’s residents get paid an annual average net salary of £17,958.40.

Five per cent of that comes to just £897.92, meaning it will take a couple living here almost 18 years to pay for the cost of the average UK wedding.

Which areas take the shortest time to save for a wedding?

Wandsworth

Out of the top 20 areas that take the shortest amount of time to cover the cost of the average UK wedding, 70% are London boroughs.

Right at the very top of the list is the southwest London borough of Wandsworth. It has the highest median annual income, with the average person being paid £28,623.60 after tax.

Even if just one person in the average couple saved 5% of their wages, they would have £1,431.18 after a year, meaning they could cover the total cost of their wedding in just over 11 years – that’s a full seven years quicker than someone living in Leicester would take.

Westminster

You’d be forgiven for assuming that London’s central district would be first for having the highest median salary in the UK, but actually, it comes in second place.

There’s not much in it, though, with the average person earning £28,378.80 per year.

For couples wishing to save for a wedding, it’ll only take 11 and a half years if one person saves 5% of their income (that’s £1,418.94) each year and a mere five and a half years if both partners set aside money to pay for their big day.

Camden and City of London

This is also the case for residents who live in the Camden and City of London areas.

The annual salary for people living in these London districts is £27,799.40, which means a couple can save enough money to cover the cost of the average British wedding in just over five and a half years.

That’s 11 years and six months if only one partner is able to save £1,389.97 every year.

Surrey

It’s not just those living in London who can afford to pay for their wedding within a reasonable time frame.

Outside of the capital, East Surrey’s median wage of £23,531.76 enables one person saving 5% of their income to reach the £16,005 target within 13 years and seven months.

People living in West Surrey take a similar amount of time to save for the average UK wedding, as the median annual salary after tax is only slightly less, at £23,303.28.

Berkshire

Another of the counties surrounding London makes the list for being one of the best places to live in when you’re saving up for a wedding.

The annual median salary here is £22,568.80, so if couples can save £1,128.44 each per year, they’ll have enough to cover the cost of their wedding in just over seven years – or twice as long if only one of them is saving.

Those living in the heart of Essex, Oxfordshire, Buckinghamshire, Hertfordshire and Cambridgeshire are also able to save enough to pay for an average UK wedding in around 14 years, providing one person in the partnership puts away 5% of their salary (about £1,100) each year.

Considering the wedding industry is worth a massive £14.7 billion to the British economy, it’s no wonder the average cost of a UK wedding is so high.

“A wedding is one of the biggest days of anyone’s life, and the costs can mount up quickly,” said a spokesperson for Cosmetify. “Traditionally, the father of the bride is expected to cover the costs but that’s not an option for everyone, so it’s sobering to see just how long it can take to save for the UK’s average wedding cost.”

Here Is How Much SMEs Could Save On Ink Cartridges

Sam Allcock
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Here Is How Much SMEs Could Save On Ink Cartridges

Unmanaged printing costs might account for 1-3 % of an organization’s overall income. According to Keypoint Intelligence, 90% of businesses do not keep track of their printing expenses. As a result, many businesses are missing out on potential cost savings and environmental management opportunities. Ink costs an average of $50 per ounce, according to Consumer Reports, making it one of the most expensive liquids on the planet.

The most prevalent printer complaint seems to be the expensive cost of ink or toner cartridges. Yes, ink is expensive – especially for those who print in large quantities – but there are ways to cut your printing expenditures over time. We’ve put together a list of printing ideas that will help you save money. The majority of them are tried and true, but some have disadvantages or upfront expenditures to consider before applying them. It’s also a good idea to have a rough estimate of how much you print each month or even per year (either individually or for your business), as using influences which suggestions will work best for you.

Below we will discuss various ways SMEs can save on printing costs:

Purchase ink cartridges that are compatible with your printer.

When buying toners or ink cartridges online, don’t necessarily go for the most costly OEM brand. Instead, you might want to look into other options outside the branded ones. They are compatible with your printers and perform the same function for a considerably lower price. When compared to the OEMs, we provide high-quality printer ink online at costs that save you up to 30%. It is critical to evaluate the company’s customer service standards when choosing compatible cartridge options for your printer. One should do research on what ink your printer needs. For example, HP ColorSphere toner, which is normally available in black, cyan, magenta, and yellow, is used in color LaserJet printers and is compatible with HP toner cartridges. 

Ink cartridges can be refilled.

Most consumers are unaware that instead of purchasing branded products, they can replace their used ink cartridges at several local printing establishments. This appears to be a more sustainable and cost-effective solution. If your cartridges are still relatively new, you should be able to refill them at least five to six times before needing to replace them. One thing to keep in mind is that some stores only provide ink that is compatible with specific printer models, so double-check before getting your cartridge refilled.

Purchase printer cartridges with a high capacity.

There are various types of printer cartridges and toners. To greatly lower your printing costs per page, utilize those with high-capacity printing options (usually referred to as XL or HC). However, you should think about your printing habits before making a purchase. If you print frequently, XL cartridges are ideal. However, if you do not print frequently, purchasing an XL cartridge will be ineffective, and huge ink cartridges will dry out, increasing your costs. 

Invest in value bundles.

You may purchase cartridges and toners in various value packs or multi packs to save money. These bundles are available for both original and non-original products. When you buy in sets rather than individual packs, you can save up to 30%.

Select a low-cost paper.

A little-known fact is that inexpensive paper absorbs more ink than expensive paper, resulting in higher printing costs. Very thick premium paper, such as that used to make brochures or cards, on the other hand, can be quite expensive. A thickness of 80 grams per square meter is a good choice for everyday use, while significant business paperwork can be printed on paper with a thickness of 100 grams per square meter. Printing images requires a unique type of photo paper whether you work for a graphic design business or a photo book publisher. Printing using recycled paper for internal use is a cost-effective solution unless it’s the final copy.

Final Thought

It doesn’t have to be expensive to print documents, and you don’t have to spend a fortune on ink every month. You can stop wasting so much money on printer ink every month and free up more money in your budget by applying the recommendations mentioned in this post.

Exploring The Top Trends In The Printing Industry

Sam Allcock
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0
Exploring The Top Trends In The Printing Industry

Globalization and digitization are two developments that will continue to have an impact on the global economy. This has allowed firms to tap into markets that would otherwise be impossible to access without making a physical journey, but it has also created new challenges. The printing business is one sector of the economy that is continually changing.

The only constant is change. The intriguing point is that technology innovation has accelerated the rate of change, transforming the printing business significantly. Beginning with woodblock printing, the path has progressed to digital printing, 3D printing, and beyond.

Despite this, the printing industry provides services to a diverse range of enterprises all around the world. As a result, changes in this business might have a significant impact on others. As a result, companies must keep an eye on emerging trends in order to better survive in this fast changing world. The printing industry has undergone a significant transition in the last decade or two. The printing process has been entirely overhauled, making the entire experience more easier for users. One of the main worries of printer owners all over the world is the availability of low-cost printers that can produce high-quality printouts.

Below we will discuss the top trends currently being seen in the printing industry:

The importance of sustainability

Companies have learnt over time that technical advancement without consideration for the environment is harmful to their survival. This is due to the fact that rapid technological advancements have resulted in increased carbon footprints. As a result, eco-friendly ideas and practices are increasingly in demand. The growing importance of printing technologies in a wide range of industries has prompted scientists to develop decreased solvent liquids and inks, UV curable processing, and effective waste management to lessen printing’s negative environmental impact.

Printing innovation thrives.

Printing companies have been competing to be the best since the beginning of the year. Consumers may anticipate greater innovation in printing monitoring, tools and techniques. Clearly, the sector is looking for methods to become more profitable, and innovation is the key output that everyone will witness in the near future as a result of this search. One aspect that is constantly evolving is the various selection of cartridges. Visit this site for more information on current cartridge trends.

Inkjet is making a comeback.

Inkjet printing has made a comeback, just when everyone thought it was obsolete technology. Because of their cost-effectiveness, inkjet printing systems have remained popular in specific industries for many years. However, technological advancements and innovation have spawned a new generation of inkjet printers that boast faster processing and output speeds as well as higher quality.

Printing in the Cloud

It is not an exaggeration to suggest that cloud printing has the potential to revolutionize the printing industry as a whole. This is due to the fact that many industry players, as well as others, have made it possible for customers to print straight from their cloud solutions. Furthermore, the ability to send print commands remotely and have the result sent to the location of your choice is a unique feature for users. As a result, customers can enjoy the convenience of printing from anywhere at any time. Cloud computing’s main advantages are its dependability and convenience.

Industrial printers’ expansion

Digital printing applications for industrial businesses are predicted to grow exponentially in the next few years. Construction companies, for example, use 3D printers to ‘create’ buildings. As digital printing has permitted quick utilization in textiles, labeling, packaging, and many other industries with essential design needs, the possibilities are unlimited. As a result, in a wide range of businesses, the imagination of personalization has no bounds.

Advanced printing security

This is one of the most common requirements of every printing company. No business or organization can function without a strong security system. A lot of stern and drastic adjustments have been made in this regard. Due to the rising number of threats, it has become critical to take some difficult steps in order to improve security. Some of the most recent advancements in security printing include advanced substrates, 2D bar coding, biometrics, and unique linkages.

Final Thought

Several businesses are taking advantage of this printing industry development. However, it is still not fully utilized. This new technology will be adopted by an increasing number of individuals because it allows them to print using their tablet computers and smart phones. Most companies now provide cloud printing services, which allow your printers to connect to cloud servers, as indicated above. Cloud printing is a more cost-effective option than purchasing pricey servers and resources.

Financial App Development: Fresh Ideas and Best Practices

Sam Allcock
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0
Financial App Development: Fresh Ideas and Best Practices

Fintech app development can be a daunting task. A good product must be functional, easy to adopt, and have a snazzy feature that sets it apart from hundreds of other apps. Before your dive head-first into creating a new piece of software, check out your competition, and don’t forget about the customer needs analysis. If you are interested in financial app development, this website can provide a list of solutions for building anything money-related. Whether your goal is a simple calculator or the whole smorgasbord of features from cashback to investing, you should give it a look.

The Most Popular Categories of Fintech Software

Financial institutions were the first to use the full potential of emerging digital technologies to create new solutions for their customers. Once mobile Internet access became more available, banks, lending providers, brokerages, and startups flooded the market with apps. However, most of them are niche products, devoted to specific end-user goals.

Types of Fintech apps:

  • personal finances and budgeting;
  • bookkeeping for businesses and individuals;
  • online banking platforms;
  • tax management;
  • P2P lending software;
  • e-commerce payment gateways;
  • credit score calculators;
  • cashback and rewards;
  • cryptocurrency exchanges;
  • brokerages;
  • pension and insurance;
  • crowdfunding solutions.

Experts estimate the market size for financial app development to be more than $300 billion. It is projected to rapidly grow in the next decade, as more people around the world switch to digital for all their financial needs.

Choosing a profitable niche for your Fintech project is the first step to building a successful app. Let’s examine some of the most popular categories and list the best cases for each.

Personal finances and budgeting

Individual wealth management is one of the fastest-growing areas of Fintech app development. Users connect these mobile apps to their bank accounts to monitor expenses, set aside some funds and plan their monthly and yearly budgets.

One of the most popular apps of this type is Mint. It comes with a basic free version and paid features like personal investment advising. It tracks your goals and can provide a general overview of your financial health. Being praised for its easy-to-navigate UI, it has the largest user base to date.

Features to include in your app:

  • integration with multiple bank accounts;
  • support for international currencies;
  • dashboard to track earnings and spendings;
  • estimates and budgeting forecasts;
  • ability to set recurrent payments and create schedules.

Bookkeeping for businesses and individuals

Businesses from small to large and solopreneurs depend on accounting software. While corporations often prefer sophisticated custom-built solutions, “the smaller fish” uses convenient and streamlined mobile products of financial app development. 

This market niche continues to grow at an almost 10% annual rate. QuickBooks is probably the most downloaded app of this type. Directed at mom-and-pop shops, other smaller businesses, independent online stores, it provides users with basic accounting features, invoicing, and payroll. It automates many time-consuming tasks allowing entrepreneurs to concentrate on sales or product development.

Features to include in your app:

  • managing all accounts payable and receivable;
  • directing cash flow;
  • managing depreciation of business assets like equipment or real estate;
  • international currency conversion;
  • integration with a bank account and merchant accounts on platforms like PayPal;
  • expense tracking and forecasting;
  • budget allocation.

P2P lending software

Crowdlending is one of the largest financial market segments that has shown incredible growth in app development.  Pandemic has positively impacted P2P lending, with more people looking for alternative ways to borrow money or earn a small profit by lending it. Experts the niche to expand at a rate of almost 30% during the next decade.

Digital wallets like Venmo present their users with a range of options, in addition to allowing them to pay and get paid. Lending is a natural feature to include in any peer-to-peer transactional app. Unlike banks, crowd lenders on the platform don’t require borrowers to provide background checks or credit scores. While it is a high-risk activity, P2P lending can be a lifesaver in some situations. The revenue model for app development usually includes charging users a small fee for every transaction.

Features to include in your app:

  • calculators for loans;
  • creditworthiness score;
  • pre-qualification for borrowers;
  • user matching to find the best lender-borrower pair, using such measures as interest rate or loan amount;
  • investment algorithm that helps lenders diversify their loan portfolios to mitigate risks.

Cryptocurrency exchanges and other blockchain apps

App development for blockchain and cryptocurrency shares many of the characteristics found in other financial software. What makes it innovative is the ability to trade and receive crypto funds while remaining completely anonymous, and their decentralization. Blockchain apps are not limited to trading. This technology can be applied anywhere from logistics to compliance checks.

Binance, one of the more widely used platforms, has a mobile app that allows its users to trade more than 500 tokens, store them in a digital wallet, and even lend and borrow cryptocurrency. 

Features to include in your exchange app:

  • anti-fraud measures that include user authentication and verification; 
  • an engine for trading assets;
  • analytics and forecasts;
  • hot and cold wallets for storing tokens;
  • alerts and notifications for traders;
  • private and public APIs
  • protection from DDoS attacks and other security features.

App development for payment gateways

Payment gateways are a necessary part of all digital products developed for online payments. Bundled, or stand-alone, these apps allow their users to securely transfer funds, pay for products and services and manage their e-commerce stores. While the market is divided between a few large companies, like Stripe or PayPal, there’s always a place for a new startup that can offer breakthrough niche solutions.

Features to include in your app:

  • full compliance with international card processing security standards;
  • anti-fraud detection;
  • secure user data storage to remove the need to manually enter payment info;
  • international currency support.

Conclusion

Financial app development remains a hot spot for global growth. Despite the ever-increasing competition, the market continues to expand at an astonishing rate offering possibilities for Fintech players big or small. Experts advise digital entrepreneurs to focus on a smaller niche or audience instead of creating a “swiss-army-knife” solution. Active mergers and acquisitions performed by larger corporations provide newcomers with an option to build and sell their niche-focused or technology-driven companies for a sizable profit.

Benefits of hiring a private taxi when travelling for business

Sam Allcock
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0
Benefits of hiring a private taxi when travelling for business

As the world is starting to open up its borders once again more of us are starting to travel especially if it’s for vital business trips. If you have taken a business trip then you will know that getting from one place to another isn’t as easy as it seems.

In larger cities, you often have to catch tubes, busses, trains and on top of that, you have to walk to your final destination too. Some business people also travel via taxi but waiting around the taxi rank is often a waste of time too.

In this article, we will take a look at the benefits of hiring a private taxi and how it can cut down on stress and make your business travel more enjoyable.

Benefits of hiring a private taxi

For a long time, a private taxi was thought of as just a more expensive version of a taxi and while sometimes this may be the case, it isn’t always. Companies such as Airport Transfers run and compare all of the latest taxi fares from your pickup to destination and provide the cheapest fairs back to you. The price on this is often the same price as a normal taxi with all of the added benefits.

Travelling via taxi is all about convenience. A private taxi is often more convenient as there isn’t any downtime and often the taxi driver is the one waiting for you.  

Traditional taxis can also pick others up on the way if they are doing a busy run in places like London. Not only is this inconvenient to you but with Covid being around it also isn’t the safest option.  Covid restrictions have cut down on taxi sharing but it still happens.

Private taxis are also comfier and if you have a long journey to the airport or hotel then hiring an executive type car such as a Mercedes, BMW or Audi will make your journey that more enjoyable. These cars are more equipped for business usage too and if you have to work while you travel at least you will have more room to do so in an executive type car rather than a minicab.

Private taxis are also available at all times of the day, for example, let’s say you travel to London for business and want to get to the city centre, in the middle of the day it’s easy enough to do so via the tube stations, however when these stop it can make your business travels more difficult. If you are travelling late at night you may also want to think about your safety.

Travelling during the later hours will make you more susceptible to being robbed. Especially in bigger cities such as London. Using a private taxi you are going to be safer as you can walk straight from the arrivals terminal to your driver who will be waiting outside for you. Getting in normal taxis or Uber taxis can be dangerous too as you never know who’s driving you. Hiring a private taxi firm on the other hand you are a little bit safer as if you hire a company that has good feedback then the drivers will have been vetted for your safety.

Private taxi drivers are often trained in hospitality and offer a better service overall. They often know better routes and hidden gems that you should visit too. The main advantage of a private taxi is that they aren’t trying to rush you like other drivers because their business model is different so even though they will get you to your location on time, they won’t be rushing and driving unprofessionally to do so.

Should you hire a private taxi when travelling for business?

Private taxis are more affordable than you may think, however, if you compare it to public transport it’s not as cheap. Public transport is cheaper but lacks the convenience of a private taxi. With that in mind, it will help you to make your decision.

When travelling for business, if you know you have a long meeting or long journey ahead it may make sense to use a private taxi. However, if you are travelling and you don’t have a meeting on the same day and you arrive in the day then it may make sense to get public transport.

One of the biggest reasons you would use one method over the other would be dependant on your budget. If you have a budget for a private taxi then chances are you are going to choose this method every time.  

Private taxis for business travel conclusion

We hope you now have a better understanding of why you would use a private taxi rather than public transport. As you can see the main benefits of hiring a private taxi is comfort and convenience. If you would like to book a private taxi for a business trip you are taking be sure to do your research beforehand. Some companies have better prices than others while having better reviews too.

Top 3 Sites To Buy TikTok Likes And Followers At Affordable Prices

Sam Allcock
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0
Top 3 Sites To Buy TikTok Likes And Followers At Affordable Prices

Nowadays, TikTok has become a shining social media space with more than 689 million users. This increase in its popularity is primarily due to its engaging and authentic videos. The TikTok platform came into the social media game as an entertainment channel, and later it rolled out to be an effective marketing tool for many brands. Many creators are using TikTok as a medium to showcase their hidden talents. Similarly, many well-known brands are using TikTok to unveil their creative side to the target market. In the present day, brands are leveraging TikTok as a bridge to connect with younger generation audiences.

TikTok is growing as an engaging channel for young Millennials and Gen Z audiences. If you potentially leverage TikTok to create attractive videos, you can capture the attention of your target market flawlessly. TikTok was only an entertainment platform that allowed users to create attractive short-form videos in the past years. But now, it is developing as a potential and competitive marketing tool for brands. Hence, staying ahead of the competitors has become a challenging task. 

But, many brands are purchasing TikTok likes and followers services to get ahead of the curve on TikTok. By purchasing TikTok likes and followers, you can maximize your visibility and climb the ladder of success on TikTok. Using TikTok services is a great idea to outshine your competitors, but you must choose the right service provider. Many service providers in the market offer bot services. If you buy TikTok likes or followers from such providers, it may affect your TikTok account. Therefore, choose the best provider who offers genuine and safe TikTok services. 

If you are still hesitant about leveraging TikTok likes and followers’ services, don’t worry! In this article, we have highlighted the top 3 best sites to buy TikTok likes and followers at affordable prices.

1. Trollishly – One Stop Destination For Real Quality TikTok Services

Trollishly is a renowned service provider that offers top-quality TikTok likes and followers at affordable rates. Their services are only from organic and authentic TikTok accounts. They never provide any artificial services. At Trollishy, you can get instant solutions for all your queries. They have a 24×7 support team who will help you to have a seamless purchase experience. Their services are highly stable and beneficial. But, if you face any drop, your order will be refilled immediately. They offer a lifetime guarantee for their services. So, you do need not worry about anything! All you have to do is buy TikTok likes and followers from Trollishly and reap its excellent results.

Price:

At Trollishly, they offer TikTok likes starting from $1.29 and TikTok followers starting from $2.59. So, it is highly affordable, and hence you can leverage their services to gain its benefits.

Features:

  • Instant delivery
  • Stable services
  • Affordable prices
  • Real quality
  • Lifetime guarantee
  • 24×7 Customer service

2. TikViral – High-Quality TikTok Service Provider

TikViral is well-known for its real quality TikTok likes. They aim to offer high-quality TikTok services at affordable prices rather than selling their products. Many brands and creators are reaping benefits after leveraging TikTok likes services from TikViral. They ensure to offer non-drop services. Their services are 100% safe, and hence you need not worry about anything. All you got to do is buy TikTok likes from TikViral, sit back and relax. They never ask for any of your confidential details. So, stop worrying and grab HQ likes now! Their services will help you to gain instant fame in the competitive TikTok landscape.

Price:

At TikViral, the TikTok likes package starts from $0.54. They offer up to 30000 TikTok likes. If you are looking for any customized package, you can contact their support team. 

Features:

  • Speedy delivery
  • Non-drop services
  • Lower prices
  • Authentic quality
  • Lifetime guarantee
  • Prominent support

3. PayMeToo – Top Quality TikTok Likes And Followers Provider

PayMeToo is rising as a popular TikTok service provider as they offer high-quality TikTok followers and likes at lower prices. They offer TikTok services only from active and authentic accounts. If you are looking for any customized package, you can contact their customer service. They will ensure to offer TikTok services that meet up your expectations. They offer only safe and secured payment methods. You need not have to worry about anything. Their services are stable, and hence you can buy TikTok likes and followers from them without any hesitation.

Price:

At PayMeToo, the TikTok followers package starts from $0.59, and the TikTok likes package starts from $0.54. They offer authentic TikTok likes and followers at lower rates. Try their services now!

Features:

  • Quick delivery
  • Refill guarantee
  • Exceptional prices
  • High-Quality
  • Active User services
  • Around the clock support

Final Thoughts

TikTok is growing as a competitive landscape with millions of youngsters. To stay ahead of the curve, you will need to have an attractive profile with more followers and likes. In this article, we have highlighted the top 3 sites to buy TikTok followers and likes. Make use of the above insights and leverage the right service provider that offers real quality services.

Wyoming LLC Attorney Explains Why This State Is A Top Choice

Sam Allcock
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0

After declining during last year’s unprecedented recession, the global economy is expanding in 2021. In the second quarter of 2021, total taxable sales in Wyoming increased 12.1 percent year over year to $4.6 billion, following five consecutive quarters of losses.

One business type that seems to be prominent in Wyoming is the formation of an LLC. In the United States, a limited liability company (LLC) is a business structure that shields its owners from personal accountability for the company’s debts or liabilities. Limited liability companies (LLCs) are hybrid businesses that combine the advantages of a corporation with those of a partnership or a single proprietorship.

This website describes the benefits of an LLC as the following:

  • Limited liability protection: Business debts and liabilities are not the responsibility of the owners. A corporate shroud or shield is what this is known as.
  • There are various membership levels. LLCs can form several share classes to provide for a more customized distribution of economic and voting rights, such as preferred shares.
  • There are less formalities. LLCs require less annual paperwork and do not have to fulfill the same meeting requirements as C and S corporations.
  • There are no restrictions on who can own it. There are no or few ownership constraints, such as the fact that share owners can be other LLCs, and the number of owners or shares isn’t limited. 

A limited liability company (LLC) is a legal entity that can be formed in Wyoming that combines the liability protection of a corporation with the flexibility and simplicity of a partnership’s governance structure. The Wyoming Limited Liability Company Act governs Wyoming LLCs.

In 1977, Wyoming became the first state in the United States to recognize limited liability companies as a legal entity. Since then, Wyoming’s statutes have been modified several times to keep up with the newest developments in company form and liability safeguards for members (owners) and managers. Wyoming, like Delaware and Nevada, offers a favorable legal climate for these types of businesses to set up shop.

Why Form An LLC In Wyoming

There are numerous advantages to forming an LLC in Wyoming, including unrivaled limited liability protection, less corporate formalities, the absence of state taxes, and privacy. In Wyoming, the names of the members and/or managers of an LLC are never needed to be made public. With service that is fast, dependable, and reasonable, using Registered Agents of Wyoming LLC to incorporate an LLC can save you both time and money.

No Income Taxes

Although Wyoming is one of only a few states in the United Jurisdictions without an individual or corporate income tax, keep in mind that if your Wyoming LLC has operations in other areas, the money generated in those states is likely taxable under those states’ tax laws. In comparison to other states, Wyoming has fairly cheap formation and maintenance fees. Even LLC-friendly Delaware and Nevada demand more formation and maintenance fees than Wyoming.

Simple Formation

The name of the business, its postal address, the street address of its main office, the address of its registered office in Wyoming, and the name of the registered agent in that office are all required in the articles of incorporation you must file to incorporate an LLC in Wyoming. If the company will be classified as a series, a statement to that effect must be included in the articles. In Wyoming, an LLC does not need to have a written operating agreement signed by the members, so a verbal agreement among the members is sufficient. Domestication is a process that allows LLCs founded in other states to transfer to Wyoming.

Although other states allow it, Wyoming requires the filing of extremely short articles of domestication that give the company’s name, mailing address, main office street address, jurisdiction where it was founded, Wyoming registered office address, and registered agent’s name.

Creditor Protection and Corporate Veil Piercing

A member’s delinquent creditor cannot collect or foreclose on their membership interest in the Wyoming LLC or its assets if the member’s debt is not paid. The creditor’s remedies in Wyoming are strictly limited to a “charge order” against the member’s interest. All distributions due to the member must be paid directly to the creditor while the order is in effect.

The ability of an LLC’s creditors—such as lenders, landlords, and employees—to hold a member personally accountable for the business’s debts is similarly limited under Wyoming law, which is known as “piercing the corporate veil.” Members, like shareholders in a corporation, are generally not liable for the LLC’s debts and responsibilities. However, under certain cases, such as fraud or when the business fails to keep its money separate from the members’ finances, the law allows an unpaid creditor to pursue the members’ personal assets.

Before an LLC creditor can seize or place liens on a member’s assets in Wyoming, the creditor must show that limited liability isn’t deserved. Importantly, penetrating the corporate veil cannot be solely based on the LLC’s failure to follow company formalities such as holding member or manager meetings or preserving records of resolutions.

Series and Nonprofit LLCs Are Recognized

Wyoming is one of the states that allows series LLCs, which are limited liability companies that can issue different classes or series of membership interests, each with its own assets and liabilities. Each series’ assets and liabilities are separated and shielded from the assets and liabilities of the other membership interest series. The assets of a series can be dissolved and liquidated while the remainder of the firm remains intact. Companies that engage in real estate frequently employ series LLCs because they allow each series of membership interests to own multiple properties and sell interests to distinct sets of investors, eliminating the need for a separate organization for each investment property.

Wyoming is another state that allows nonprofits to form LLCs rather than corporations, but you should keep in mind that the Internal Revenue Service, which awards nonprofits 501(c)(3) status, has yet to completely recognize the usage of nonprofit LLCs.

Final Thought

The worth of each advantage listed above is determined by the specifics of your situation. Some people want to reduce their tax bill, while others want their privacy. For the majority of individuals and businesses wishing to establish or develop their business in Wyoming, LLCs in this state provide an unequaled combination of benefits.

Why Swiss Bank Accounts Still Play A Role In Asset Protection

Sam Allcock
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0
Why Swiss Bank Accounts Still Play A Role In Asset Protection

Switzerland has always been extremely attractive to business owners due to the coordination of asset protection within the jurisdiction. The country has a long history of being noted as having one of the most powerful commercial banking centres in the world, making it the ideal place for dealing with international currencies and open capital markets. Swiss bank accounts offer a high level of privacy for their clients, with minimum risk, which is how they have managed to stay popular and current throughout the years. This year alone, UBS, which is ranked as the largest bank in Switzerland was awarded with the Best Global Private Bank, Best Private Bank in Asia and Best Private Bank Chief Investment Office by PWM as well as World’s Best Bank for Wealth Management by Euromoney.

Country’s Stability

The Swiss economy is notably one of the most advanced in the world, with the financial services sector playing a major role within the economy. From an asset protection point, Switzerland’s stable political and economic environment make the region extremely attractive to those that are looking for a place to keep the underlying assets. The Alpine country is renowned for its independence and neutrality which has been maintained throughout the years. The appealing tax regimes all for both individuals as well as companies to benefit 

Trusts and Private Trust Companies

Trusts are flexible and in the correct instances provide the perfect mode for efficient asset protection. This allows families to execute complete confidentiality and anonymity when it comes to their assets and companies that are held within the trust. There is domestic law that governs trusts in the country, therefore the person who settles the assets for the beneficiaries, the settlor, can impose the law of any trust jurisdiction to control the trust. This means that an American trust can still be set up with a Swiss Trustee.

There are also a variety of tax advantages that come when using a Swiss trustee and these are subject to the tax residency of both the beneficiaries and settlor. It is always advisable to seek professional help to confirm legalities. Wyoming Trust and LLC Attorney is a great reliable source to use when researching the matter, more information can be found in this suggested resource.

Safety and Secrecy

When setting up an account with a Swiss bank, privacy is of paramount importance. Only under extremely critical situations, which are rare, Swiss banks are not allowed to reveal the names of clients to their foreign governments. The breaking of this law could result in serious legal repercussions which banks avoid at all costs. Accounts are extremely secure and should there be a flood or fire, clients are assured that they will be compensated for any loss.The Swiss law only allows the breaking of client confidentiality, be it personal, professional or commercial, in the event of criminal liability.

Wide scope of services 

Opening up a bank account in the Swiss jurisdiction offers a wide host of benefits that go beyond traditional banking. Apart from taking the utmost care to ensure complete anonymity, banks in the region offer services in a variety of major languages and are able to receive credit/ debit cards in either their personal or business capacity. Access to corporate bank accounts can be done via post, courier, telephonically or over the internet. Utilising the latest technology, online security is given priority to ensure that clients receive secure internet banking channels. This means that customers can check their bank balances, operate transactions as well as initiate wire transfers, without worrying about there being a privacy leak within the banking platform. 

Final Thoughts 

Opening up a Swiss bank account helps protect your assets from the scrutiny of the public, and the process is comparable to that of opening up a regular bank account with a local bank. However, it is always vital to have professional help when dealing with these matters to ensure that the process is completed with all legal criteria met. The overall stability of the country as well as the taxation and privacy laws make it the ideal place to set up a bank account for asset protection. The correct Swiss bank account will afford guardianship of your assets to preserve them whilst providing clients the peace of mind that their “nest-egg” is protected.

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