Saturday 19 November 2016

Core Banking and Retail Banking - The Difference

My friends in the banking industry could not help but spend a few minutes in my brief analysis of the difference between core and retails banking.

One thing I let my subscribers know is that there is a subtle difference between doing the job and doing the job with a reason. In the first, you don't have much to do with the theoretical concepts of the tasks provided you get it done, possibly efficiently.

In the later, you get to know the concepts behind the actions being taken and that is what a being a professional means.

That is would like to highlight the concept of Core Banking and Retail Banking.



1. Retail Banking (aka Consumer Banking)
Retails banking also called Consumer banking deals with providing financial services to customers. Customers may be individuals or corporate organisations

Examples of Retail Banking Activities
a. A bank account is opened for a particular customer
b. School fee is paid by a student and processed
c. Someone withdraws money from the bank's ATM
d. A debit card is provided for a customer
c. A company account is opened for staff of XYZ limited

2. Core Banking (aka Corporate Banking or Consolidated Banking)
Core banking deals with the transaction between a bank and other banks or between a branch of a bank and other branches. It may also involve transaction between a bank and some other organisation.
In core banking transactions details is shared between entities based on network and internet facilities. Core banking tasks may generally have been programmed to run at some intervals without the intervention of the customer or banking personnel.

Examples of Core Banking Activities
a. Communication between a local bank and bank overseas when on travels to another country with a local debit card and uses it for purchases
b. A bank consolidates data to a central repository from many branches in different locations
c. Communication between an ERP used by organizations and monthly cash transfer eg. employees salaries are transferred to banks at certain point in the month
d. Multinationals remit funds to the Federal account





Commercial Banks vs Marchant Banks - Compare and Contrast

My friends in the banking industry could not help but spend a few minutes in my brief analysis of the difference between core and retails banking.

One thing I let my subscribers know is that there is a subtle difference between doing the job and doing the job with a reason. In the first, you don't have much to do with the theoretical concepts of the tasks provided you get it done, possibly efficiently.

In the later, you get to know the concepts behind the actions being taken and that is what a being a professional means.

That is would like to highlight the concept of Core Banking and Retail Banking.



1. Retail Banking (aka Consumer Banking)
Retails banking also called Consumer banking deals with providing financial services to customers. Customers may be individuals or corporate organisations

Examples of Retail Banking Activities
a. A bank account is opened for a particular customer
b. School fee is paid by a student and processed
c. Someone withdraws money from the bank's ATM
d. A debit card is provided for a customer
c. A company account is opened for staff of XYZ limited

2. Core Banking (aka Corporate Banking or Consolidated Banking)
Core banking deals with the transaction between a bank and other banks or between a branch of a bank and other branches. It may also involve transaction between a bank and some other organisation.
In core banking transactions details is shared between entities based on network and internet facilities. Core banking tasks may generally have been programmed to run at some intervals without the intervention of the customer or banking personnel.

Examples of Core Banking Activities
a. Communication between a local bank and bank overseas when on travels to another country with a local debit card and uses it for purchases
b. A bank consolidates data to a central repository from many branches in different locations
c. Communication between an ERP used by organisations and monthly cash transfer eg. employees salaries are transferred to banks at certain point in the month
d. Multinationals remit funds to the Federal account


Thank for reading. If this have been informative for you, let me know in the comment box below.
You can also click on the follow button under my profile or give me a plus or thumbs up.


Monday 14 November 2016

The 47 Project Management Processes(5 Process Groups, 10 Knowledge Areas)

Would you like to take your career to the next step?
A series of free training videos have been prepared on the 47 Processes of the Project Management Body of Knowledge


Project Integration Management (6 Processes)
  1. Develop Project Charter (Initiation Process Group)
  2. Develop Project Management Plan (Planning Process Group)
  3. Direct and Manage Project Work (Executing Process Group)
  4. Monitor and Control Project Work (Monitoring and Controlling Process Group)
  5. Perform Integrated Change Control (Monitoring and Controlling Process Group)
  6. Close Project or Phase (Close Project or Phase Process Group)

Project Scope Management (6 Processes)
  1. Plan Scope Management (Planning Process Group)
  2. Collect Requirements (Planning Process Group)
  3. Define Scope (Planning Process Group)
  4. Create WBS (Planning Process Group)
  5. Validate Scope (Monitoring and Controlling Process Group)
  6. Control Scope (Monitoring and Controlling Process Group)

Project Schedule Management (7 Processes)
  1. Plan Schedule Management (Planning Process Group)
  2. Define Activities (Planning Process Group)
  3. Sequence Activities (Planning Process Group)
  4. Estimate Activity Resources (Planning Process Group)
  5. Estimate Activity Durations (Planning Process Group)
  6. Develop Schedule (Planning Process Group)
  7. Control Schedule (Monitoring and Controlling Process Group)

Project Cost Management (4 Processes)
  1. Plan Cost Management (Planning Process Group)
  2. Estimate Costs (Planning Process Group)
  3. Determine Budget (Planning Process Group)
  4. Control Costs (Monitoring and Controlling Process Group)

Project Quality Management (3 Processes)
  1. Plan Quality Management (Planning Process Group)
  2. Perform Quality Assurance (Executing Process Group)
  3. Control Quality (Monitoring and Controlling Process Group)

Project Human Resource Management (4 Processes)
  1. Plan Human Resource Management (Planning Process Group) 27
  2. Acquire Project Team (Executing Process Group) 28
  3. Develop Project Team (Executing Process Group) 29
  4. Manage Project Team (Executing Process Group) 30

Project Communications Management (3 Processes)
  1. Plan Communication Management (Planning Process Group) 31
  2. Manage Communications (Executing Process Group) 32
  3. Control Communications (Monitoring and Controlling Process Group) 33

Project Risk Management (6 Processes)
  1. Plan Risk Management (Planning Process Group) 34
  2. Identify Risks (Planning Process Group)
  3. Perform Qualitative Risk Analysis (Planning Process Group)
  4. Perform Quantitative Risk Analysis (Planning Process Group)
  5. Plan Risk Responses (Planning Process Group)
  6. Control Risks (Monitoring and Controlling Process Group)

Project Procurement Management (4 Processes)
  1. Plan Procurement Management (Planning Process Group)
  2. Conduct Procurements (Executing Process Group)
  3. Control Procurements (Monitoring and Controlling)
  4. Close Procurement (Closing Project Group)

Project Stakeholder Management (4 Processes)
  1. Identify Stakeholders (Initiating Process Group)
  2. Plan Stakeholder Management (Planning Process Group)
  3. Manage Stakeholder Engagement (Executing Process Group)
  4. Control Stakeholder Engagement (Monitoring and Controlling Process Group)

Edited by Kindson Munonye

Friday 11 November 2016

Become a Writer Today

Do you volunteer your time and resources to assist in editing and reviewing employee reports?

Then you can easily become a Workers Book Writer.

Here are the steps to follow:
1. Fill and Submit the Contact form
2. Write an application with the Title "Application for Role of Writer"
3. Submit a copy of this application and a brief profile to saipemnet1@gmail.com

Existing Writer Moderators would examine the request and within 3 days of the application, you would receive a response.

If you qualify as a writer, then a few verification would me made to ensure that you are actually the real applicant. This verification include:

1. A phone call to the phone number specified
2. An brief oral interview
3. Email to complete a questionnaire that would be sent to.

Once the email is completed, you would receive a final success email and a description of the procedure you need to follow and then you can start writing!

You would also receive you user login credentials that would enable you publish your posts.

Thank you for your time.

For any inquiries you can email:  WorkersBookReport@gmail.com

Contact Us

You can Contact of using any of the following:

1. Emails: WorkersBookReport@gmail.com

2. Phones: +234-817-447-7015

Visit: Workers Book Reports

You can also fill and submit the feedback form in the right corner of the home page.

About Workers Book

Workers Book is a network of millions of employees around the world as well as legal professionals who volunteer their time and resources to assist fellow employees in issues relating to work conditions.

Workers Book allows employees around the world to anonymously report any form of abuse by their employer, or violation of employee's rights. This would allow volunteer legal team to look into the situation and handle it as necessary.

Why Workers Book
Workers Book was created out of concerns of many employees whose rights have been violated by their employers but have choose tor remain silent for fear of loosing their jobs. Although it's not the objective of Workers Book to create disaffection between employees and their employers, we also recognize that employees rights and freedom should be respected.

There are hundreds of incidents currently being reviewed by Workers Book legal volunteers. These are cases where employees that have worked for many years are dismissed, terminated, put on redundancy, suspended etc without any good reason.

There are also cases under review of employees being harassed and molested on a day to day basis in their various workplaces and they continued to remain silence just to keep the job. Some cases even involves physical assault by a Manager!

Very soon we would publish details of these sad reports and provide you with relevant information including:


  • The Employer Name/The Company
  • The Victim/The Employees name
  • Date of Abuse/Incident
  • Detailed report of incident
  • How it was handled
  • The progress so far by Workers Book


Do keep up with checking Workers Book and be sure you would have updates from around the world.
Also feel free to submit a report or refer anyone who may need assistance to Workers Book.
Thank you for your time.

For any additional information please email: WorkersBookReport@gmail.com


Share Your Story

We welcome you to report on any experience you face in the office and be sure that millions of workers around the world will get to hear it.

Go ahead to submit a written copy of the report, signed with your name and signature and send to WorkersBookReport@gmail.com

If you would like to send an anonymous report, replace your name with the work "Anonymous" and indicate why you would like your identity protected.

Workers Book recognised the rights of all employees around the world to report on any abuse of authority by their employers and not be penalized in any way.

Monday 7 November 2016

How to write a letter of complaint when your boss is difficult to deal with

Check back in a moment...

How to Handle a Difficult Boss

What should you do if your boss in your workplace is very difficult to deal with?
He literally  makes life in workplace miserable for you

What option will you choose
a.      Try all possible means to please him?
b.      Report him to management?
c.       Just keep quiet and continue working?

No, not that.

One thing you need to remember is that your boss is also an employee just like you.
Also take note that one  important step in handling challenges in the office is adopting the right communication method.

Steps to take:
Step 1: Find a good time to speak with him(when he is in a good mood). Let him know how you feel about his attitude toward you. Speak in a respectful and polite way. You may do this a number of times.

2Step 2:  Speak to a friend of his. No! no! Do not report him! Just find out another person in higher position that is close to him. Explain matters clearly. Let him speak on your behalf, that is, let him speak good about you to your boss. Then follow up with him to know the outcome.

3Step 3:   Speak to the HR boss informally if possible

SStep 4:     Speak to his boss if possible. That is, talk to your boss’ boss.

Step 5:      Write. This is the last resort when all efforts have failed. What will you write though? And to Who?

How to Handle Difficult Colleagues in the Workplace

What should you do if your boss in your workplace is very difficult to deal with?
He literally  makes life in workplace miserable for you

What option will you choose
a.      Try all possible means to please him?
b.      Report him to management?
c.       Just keep quiet and continue working?

No, not that.

One thing you need to remember is that your boss is also an employee just like you.
Also take note that one  important step in handling challenges in the office is adopting the right communication method.

Steps to take:
Step 1: Find a good time to speak with him(when he is in a good mood). Let him know how you feel about his attitude toward you. Speak in a respectful and polite way. You may do this a number of times.

2Step 2:  Speak to a friend of his. No! no! Do not report him! Just find out another person in higher position that is close to him. Explain matters clearly. Let him speak on your behalf, that is, let him speak good about you to your boss. Then follow up with him to know the outcome.

3Step 3:   Speak to the HR boss informally if possible

SStep 4:     Speak to his boss if possible. That is, talk to your boss’ boss.

Step 5:      Write. This is the last resort when all efforts have failed. What will you write though? And to Who?