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November 29, 2021, 07:02

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Experts from the Moscow Department of Finance recommended the most suitable financial product for various purposes, explained the advantages of mobile banking and talked about the advantages of biometric identification.

For project participants “Moscow longevity” spent online lectureDedicated to personal finance and various banking instruments. The lecturers were representatives of the “Financial Agency of the City of Moscow” Moscow Department of Finance

What is a financial goal, how to formulate it and choose the most suitable financial product for its implementation, Ekaterina Lavrenova explained. She named placing funds on a bank deposit as one of the most acceptable ways of saving.

“To choose a suitable financial product for realizing your goal, you need to compare offers in different credit institutions,” advised Ekaterina Lavrenova. – For this, several parameters should be highlighted: reliability and high rating of the bank, favorable interest on the deposit, the possibility of partial withdrawal and ease of use. Please note that dubious microfinance organizations often have a very high interest on the deposit ”.

At the conclusion of the contract, the expert recommended that the listeners carefully read the documents and do not hesitate to ask questions. Otherwise, you can become a victim of misseling – a situation in which the client is deliberately misled and sold the wrong financial product for which he came.

What is a mobile bank and what opportunities it provides to people of the older generation, said Aleksey Belyakov. The speaker explained how to transfer funds without commission using the fast payment system and pay for housing and communal services and other services using QR codes.

“You don’t need a bank card to pay by QR code. Any camera phone that supports banking apps will work. You will not have to enter confidential card details on the payment page, ”noted Aleksey Belyakov.

Participants in the online lecture also learned how biometric identification allows you to secure financial transactions and gain access to them without leaving your home. According to Aleksey Belyakov, biometric technologies are based on the identification of a person by biological characteristics inherent only to him. With the help of special modern devices – scanners, sensors and other readers – a person’s biometric data are recorded in a special database. Today biometrics is a more advanced financial protection system than PIN codes and SMS from a bank.

For everyone who did not have time to watch the live broadcast, the lecture is available in records

For the participants of the Moscow Longevity project, lectures and master classes on finance are held on a regular basis. There are also classes on financial and legal literacy that will help protect your savings. To date, more than 30 online groups have been opened in this area.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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