Ngulminthang Lhanghal - Financial Expert

No matter what type of business you are operating, ensuring efficient & organized supply chain management is essential to keep your customer satisfied by providing them an ultimate customer experience with enhanced product quality & distribution on time. But it's not that easy at all. From buying raw material to warehousing, manufacturing & delivering the final products to the consumer via logistics, the supply chain is a complex & multi-faceted process.  But thanks to the continuing efforts of the several companies working towards supply chain optimizations, the industry is holding its head up for many appealing technologies streamlining the entire processes to speed logistics. The technology innovations like Artificial Intelligence, Robotics or autonomous robots, etc. in several industries worldwide are effectively transforming the supply chain management & providing a better service to their customers. In this blog, financial advisor Mr. Ngulminthang Lhangha...

Your CIBIL score or credit rating is a number that is being used by the banks or lending institutions to determine whether to sanction your loan application or not. Various Credit Card companies, auto dealers or banks/private FIs, etc, check your credit score to see your financial standings and capability to pay off your debts. These scores play a vital role to figure out whether you are applicable to get a loan or not. Generally, a good CIBIL score falls in the range between 300-900. But how to increase credit scores or do you need an advanced degree to figure out what is affecting your CIBIL rating? In this blog, financial advisor, Mr. Ngulminthang Lhanghal is explaining a few factors that affect your score. You must consider them at once to brighten the chances of your loan approval. Here they are as follows: 1. Your Payment History – Your payment history holds a significant weightage on your score and even one missed payment can bring a negative impact on your profile as a borrowe...

 The pandemic has created an unprecedented opportunity for progress, and we have seen what we can be achieved when priority is given. While we’re not out of the woods yet, we do seem to be settling into new ways: a post-pandemic world. And thanks to the latest technology, many businesses, including banks and credit unions, have the tools to adapt and even thrive in a remote world. Jack Henry & Associates has outlined four big reasons why digital communication will continue to rule in our post-pandemic world. These are: 1, Expectations have changed After months of depending on digital services, people will expect these options to remain available. For banks and credit unions (CUs), this means providing tools for account holders to self-serve and access information faster. No doubt competitors are already offering these digital options. Keeping up with the latest technology is now a competitive matter. 2, (Online) Safety should come first With the increasing shift to digital chan...

The Chinese government-owned Industrial and Commercial Bank of China and the Beijing branch of the Agricultural Bank of China are allowing customers to exchange digital renminbi and the cash version of the currency, the Xinhua Finance news service reported. "ICBC's more than 3,000 deposit and withdrawal all-in-one machines all over the capital have activated this function, becoming the first bank in Beijing to fully launch digital RMB cash exchange," Xinhua Finance reported, according to a Google Translate version of the June 18 article. The article states that the Agricultural Bank's 10 ATMs allowing the conversion between the two forms of the currency are in the Wangfujing shopping area of Beijing. CoinDesk stated in an article about the announcement: "The move effectively lets users switch between digital and non-digital versions of government-issued currency with ease, bringing the nation one step closer to having a digital currency built atop a blockchain ne...

The sudden outbreak of the global pandemic of Covid-19 has put everything on a halt. It has its adverse effects on the global economy and is continuously affecting the lives of millions across the world. A plethora of individuals have lost their jobs while many are struggling with a reduction in their income. It has caused financial stress in individuals affecting their overall health and well-being. The unpredicted event has completely changed how people think about money and plan their budgets to cope with daily needs. In such a complex situation, individuals must take some precautionary steps to protect both their health & wealth from the adverse impacts of the pandemic. In this blog, financial advisor, Mr. Ngulminthang Lhanghal is sharing a few essential & smart money management tips that will help you manage your finances and cope with the financial crisis. Let’s have a look: 1. Make An Adequate Emergency Fund - The first & foremost step towards money management duri...

With unprecedented medical emergencies and new cases occurring every day, the Covid-19 pandemic has adversely shaken the worldwide economy. The lockdown that has been imposed to prevent further infection globally has led a plethora of businesses and offices across the country to temporarily shut down their business activities especially those who don’t fall under essential services. This has disrupted the cash flow and livelihood of many individuals especially people with lower pay scales due to salary reduction as businesses aren’t performing great, leaving them struggling with several financial issues. In this scenario, obtaining a personal loan can be a great tool to fight against the global pandemic financial crisis, says financial advisor Ngulminthang Lhanghal. They are multi-purpose loans that provide a great safety net to people during this global financial crisis by helping them make purchases and consolidate their high-debt interest. In short, it is a hassle-free way to cope u...

In my previous post, I have told my readers about the particular types of investments that they can liquidate in the event of a financial crisis during the disruptive phase of Covid-19. And many of my readers were interested in knowing more about investing. Of course, when people have even a little bit of cash in their hands, they like to cash this opportunity in the form of higher yields which is understandable.  However, not every person is capable of investing in anything riskier than a savings account or anything else and looks for a professional to guide them to less-riskier investment plans meant for beginners. To help my readers invest in the right manner, here in this blog, I am sharing some key points that you need to consider before you start investing, otherwise it can jeopardize your financial goals. Let’s begin: Things To Keep In Mind Before Start Investing 1. You Need To Set A Budget First - Having a household budget will help you know how much you are left with to i...

 During the recent Huawei Intelligent Finance Summit 2021, Huawei and Temenos, the banking software company, announced a strategic partnership to offer Temenos’ cloud-native core banking solution on the Huawei Public Cloud. Temenos is the first core banking software certified with Huawei infrastructure and Huawei Public Cloud. Geographically, the partnership covers Asia-Pacific (APAC) with a specific focus on China, and it also includes Africa, Europe, Latin America and the Middle East. The partnership brings together the extensive cloud hosting, implementation, and integration strengths of Huawei and the power of Temenos’ industry banking software. The scope of the partnership covers sales and marketing, implementation and training. Financial institutions will be able to modernise their core banking systems on Huawei Cloud and benefit from elastic scalability, cost and operational efficiencies. Together, Temenos and Huawei will help banks of all sizes to go to market faster, open ...

 Financial advisors or planners are qualified, expert, and experienced professionals who possess sound knowledge in different fields of management including Investments, Insurance, Tax Minimization, Estate, Financial as well as Retirement Planning, and many more to assist clients on a variety of money matters. Depending on the area of their expertise & requirements of clients, they can help them with everything related to finance. If you are considering hiring a financial advisor and are wondering how to choose the right financial advisor for managing finances, then this blog can help you. We have talked with our financial expert Mr. Ngulminthang Lhanghal who has shared a few essential tips before deciding on financial advisors. What are they? Let’s have a look: Checklist To Keep In Mind While Hiring A Financial Advisor 1. Do You Really Need A Financial Advisor? - The very first step is asking yourself whether you need a financial advisor or not. Though it can be an added expen...