Mini Project
Mini Project
Introduction
"Managed crypto trading" or "crypto asset management" are terms used to describe
cryptocurrency trading on behalf of another person. It is a service in which an expert trader or
asset manager trades cryptocurrency on behalf of a client or investor. While maintaining
ownership and control over their digital assets, this arrangement enables individuals or
organizations to benefit from the expertise of crypto professionals.
It was established to democratize access to digital assets and quickly established itself
as a reliable platform for investing and trading cryptocurrencies. They specialize in providing
cutting-edge trading solutions that assist us in confidently and precisely navigating the digital
asset markets. Whether we are carefully prepared crypto fans or simply getting everything
rolling, their extensive scope of administration and mastery is intended to meet our
exchanging needs. Our top priority is our safety, Securex Company uses cutting-edge security
measures like cold storage and multi-factor authentication to protect our assets.
A trading strategy is developed and implemented by the crypto asset manager on our
goals and risk tolerance. This system might include spot exchanging, edge exchanging,
algorithmic exchanging, or different methodologies, contingent on our inclinations. The
manager follows the agreed-upon strategy when placing buy and sell orders on various
cryptocurrency exchanges. They want to augment returns while sticking to gamble with the
executive's standards. Regular updates and execution reports will be given by the resource
administrator to us, guaranteeing straightforwardness and responsibility.
We can track where our crypto holdings are and how well our investments are doing.
We kept digital currencies in an exchange account under our proprietorship and control. The
resource chief is conceded restricted exchanging admittance to the record, ordinarily without
withdrawal honors. Designating crypto exchanging to an expert permits us to save time and
exertion on statistical surveying, specialized investigation, and exchange execution.
We can profit from the crypto resource administrator's mastery and involvement with
the unpredictable crypto markets, possibly prompting more educated speculation choices and
further developed returns. Their devoted client care group is accessible every minute of every
day to help us with any requests, specialized issues, or related questions. They guarantee a
pleasant and trouble-free trading experience.
Cryptocurrency trading guidelines differ essentially starting with one country and then
onto the next, and they keep on advancing as legislatures and administrative specialists
wrestle with how to address the rising crypto industry. People and organizations associated
with crypto exchange need to understand and consent to the particular guidelines in their
separate purviews. Disobedience can prompt lawful outcomes, including fines, resource
seizures, or imprisonment. As guidelines keep changing, looking for legitimate direction and
remaining refreshed on advancements in the crypto administrative space is fitting for
anybody participating in crypto exchanging.
Industry - Financial Industry
The economy is comprised of various fragments called sectors. These sectors are
involved in various organizations that give labor and products to purchasers. The term
"financial services sector" refers to the range of products and services provided by brokerage
firms, lending institutions, and other businesses. Banking, mortgages, credit cards, payment
services, tax preparation and planning, accounting, and investing are all parts of the financial
services industry.
Financial products are the financial instruments that professionals offer to their
clients, whereas financial services are typically limited to the activities of businesses and
professionals. Financial services are provided to individuals and businesses by the financial
services industry. Financial institutions like banks, investment houses, lenders, finance
companies, real estate brokers, and insurance companies make up this sector of the economy.
The monetary administration industry is one of the main sectors of the economy.
Enormous combinations rule this Sector, yet it likewise incorporates a different scope
of more modest organizations. As indicated by the Money and Improvement branch of the
Worldwide Money-related Assets (IMF), monetary administrations are the cycles by which
buyers or organizations procure monetary merchandise. When a payment system provider
accepts and transfers funds between payers and recipients, for instance, it provides a financial
service. This incorporates accounts settled through credit and charge cards, checks, and
electronic assets moves.
Through investment services, individuals can gain access to financial markets like
bonds and stocks. A commission is paid to brokers, who can be real people or self-
directed online services that facilitate the buying and selling of securities. To build
and manage a well-diversified portfolio, financial advisors may direct multiple trades
and charge an annual fee based on assets under management (AUM). The most recent
form of financial advice and portfolio management is robo-advisory, which uses
algorithmic portfolio allocations and trade executions that are completely automated.
Investment partnerships, hedge funds, and mutual funds all invest money in the
financial markets and collect management fees. For trading and servicing their
portfolios, these organizations require legal, compliance, and marketing advice in
addition to custody services. There are likewise programming merchants that take
special care of the venture store's local area by creating programming applications for
a portfolio the board, client announcing, and other administrative centre
administrations.
Insurance service:
Another important part of the financial services industry is insurance. Life insurance,
disability income insurance, and health insurance are examples of insurance services that can
protect against death or injury, property loss or damage, liability, and lawsuits. An insurance
agent is different from a broker in the United States. The first is a representative of the
insurance company, while the second looks for insurance policies on behalf of the insured.
This is also the responsibility of the underwriter, who also gives investment bankers advice
on loan risk and evaluates the risk of insuring clients. To assist insurers in avoiding
catastrophic losses, reinsurers sell insurance to the insurers themselves.
Banking Services:
The difference between the interest rates paid to depositors and those charged to
credit accounts is the primary source of revenue for banks. These kinds of financial services
primarily generate revenue from fees, commissions, and other means like the difference in
interest rates between deposits and loans.
Banking Segments:
Accountants also prepare and file taxes on behalf of businesses and individuals. They
investigate all organization resources, procured and paid, or expected costs and liabilities to
arrive at a complete expense commitment for the year. With both organization and
individual expense readiness and documentation, bookkeepers are supposed to give an
itemized examination of duty proficiency or shortcomings and make suggestions for how to
diminish all outcharge liabilities later on.
COMPANY INFORMATION
Name SECUREX PRIVATE LIMITED
GSTIN 33AFBFS4392B1CK
E-mail Securexmoney24x7@gmail.com
Industry Crypto Trading and Money Exchange
Service.
Authorize Capital 5,00,000
Paid-up Capital 5,00,000
State Tamil Nadu
District Chennai
Taluk Chengalpattu
Address of Company Office MADRAS 21, GRAND SOUTHERN
TRUNK ROAD, JAIBEEMNAGAR,
CHENNAI, TAMIL NADU - 603202
Company Size 10 – 20 employees
Specialties Trading, Currency Exchange, Purchasing
Currencies on behalf of Customers,
Providing Digital Wallet Service for Holding
various Currencies
LOCATION:
MOOLAKAZHANI,
CHENGALPATTU,
MISSION:
VISION:
Be a successful Indian Crypto Trading company, lean, flexible, and capable of
providing total integrated services to customers in the changing business environment.
GOAL:
The goal is to make Securex a professional business entity to deals with Crypto
Trading and Exchange Services to create a unique identity for Securex in the market.
Activities of Various Departments
Accounting
Service Quality
Client Support
Risk Management
Assuming a client care rep is having a sufficiently terrible day that the client sees
this, it can change the tone of the experience. In addition, studies have demonstrated that
contented workers are also 12% more productive, and in the field of customer service,
productive representatives and quicker resolution times result in higher levels of
customer satisfaction.
In today's market, great customer experiences are becoming the norm, and 86%
of customers will pay more for a better experience. One of the measurements to see
while making a frictionless help model is the first-call goal (FCR). The percentage of
calls that are resolved without the need for follow-up or additional touchpoints is
referred to as FCR.
It's possible that you don't have enough bandwidth to offer one-on-one support on
demand at all times. Make certain that you are giving your clients the means to get
assistance whenever they require it, even without the assistance of a representative. Talk
bots can assist with scattering data and guide site guests to the right regions on your site.
Some of the most frequently asked questions by customers can be addressed by
knowledge bases.
Even though a few clients will favor bringing in, these basic advances can resolve
the issues of your more independent clients and increment fulfillment by proceeding to
tackle issues on request.
Be accessible:
It is not necessarily the case that you ought to supplant reps with self-
administration arrangements by and large. Your support and service teams must be
readily available to assist customers to provide an excellent customer experience. Over a
third of customers, according to a Microsoft survey, say that not being able to get help
when they need it is their biggest issue with a company.
Self-service help desks are helpful, but your team still needs to be there when a
customer has a problem. Innovation can assist with facilitating a portion of the pressure
for your client support group, however, it can never reproduce the important experience
that a live rep can give. For a business to build a meaningful relationship with its
customers, this human interaction is essential.
The entire customer relations team, including executives who interact with
customers daily, is overseen by a customer relations manager. Managers of customer
relations give strategic direction and come up with new ideas for bettering
relationships with customers. A customer relations manager might also be in charge
of a business's relationships with its most important customers.
People skills: Client relations chiefs work with individuals constantly. They are
either in charge of them or interacting online with customers. To succeed in customer
relations, your candidate must have people skills.
Data analysis skills: The manager of customer relations should always get feedback
from the company's customers. They ought to be able to extract useful insights from
the survey data.
Creativity: Customer relations is a process that is always changing. As time goes on,
new ideas, projects, and programs will be needed. As a result, a customer relations
manager should be able to come up with ideas that keep more customers coming
back and build their loyalty.
Marketing and Promotion:
Types of Marketing:
Types of Promotion:
Direct Promotion: This is the kind of advertising in which the business talks
directly to its customers. This correspondence is typically finished through
different new methodologies like email advertising, text informing, sites, fliers,
online adverts, limited-time letters, index wholesalers, and so on.
Public Relation: Public connection or PR is the act of dealing with the spread of
data between an individual or an association (like a business, government office,
or a philanthropic association) and the general population. An organization's
brand can greatly benefit from a successful PR campaign.
Accounting:
The accounting department refers to the division in an establishment that looks after
the medication of fiscal statements, conservation of general tally, payment of bills,
medication of client bills, payroll, and more. In other words, they're responsible for
managing the overall profitable front of the business. It's insolvable for any business,
whether a small establishment operating out of home or a large transnational company, to
serve for too long without an accounting department. Here are some key aspects of the
accounting department:
Financial Record-Keeping:
Recordkeeping is a primary stage in accounting that entails keeping a record of
financial business deals, knowing the correct picture of means- arrears, gains, loss,
etc. In addition, it assists in maintaining control of the charges to minimize the
expenditure and has important information for legal and duty purposes. In other
words, a recordkeeping system is the backbone of any company’s fiscal structure.
Financial Reporting:
Inventory Management:
Recording all buy requests, invoices, and sales transactions precisely in the
bookkeeping framework. This incorporates refreshing the records payable for
provider invoices and records receivable for client invoices.
Staffing is the method involved with choosing and employing the best
possibility for a particular work opportunity. When potential up-and-comers have
been distinguished, the setting up process starts with the screening of resumes and
applications to recognize the best-fit contender for the position. This screening system
can incorporate telephone or video interviews, expertise tests, and historical
verifications. When the top competitors have been recognized, face-to-face or virtual
meetings are directed to evaluate their fit for the position. The ultimate choice is made
given the assessment rules, which regularly incorporate factors like abilities,
experience, training, and social fit.
Employee Relations:
The interactions, dynamics, and general relationship between management and
employees inside a company are referred to as employee relations. It includes all of an
organization's practices, policies, and methods for establishing and upholding a
supportive and functional workplace that promotes mutual respect, trust, and efficient
communication between managers and staff.
Knowing where you stand at this moment and where you need to go with your
capacities in what's in store is vital to powerful preparation. Individuals can learn new
material, and new systems, and invigorate their ongoing information and capacities
through preparing. Thus, there has been a huge improvement and expanded efficiency
at work. The objective of giving the preparation is to have an effect that perseveres
after the preparation is finished and to keep workers educated regarding arising
patterns. Preparing can be given to assist the two people and gatherings with
expanding their abilities.
Performance Management:
The essential objective of Health and Safety is to make and keep a protected
and solid climate for individuals to live and work in. This is accomplished by
executing measures to forestall mishaps, wounds, and word-related illnesses and by
advancing attention to likely dangers and best practices.
Service Quality:
Customer Expectations:
Customer expectations are like customer necessities however they surpass them.
Requirements may be at an essential level. It is important a great deal in the service
industry as it outperformed the center contributions and envelops the service quality,
communications, activities, staff conduct, and speedy goal time.
Reliability:
Assurance:
Service Recovery:
Service recovery refers to the most common way of tending to and settling
customer complaints, issues, or service disappointments such that amends the issue
as well as reestablishes consumer loyalty and trust. It is a significant part of customer
service, especially when issues or mix-ups happen in the delivery of services.
Effective service recovery can transform a disappointed customer into a steadfast one
and could upgrade the company's reputation.
Customization:
Customization in service quality refers to the act of fitting services to meet the
particular and individualized needs, inclinations, and assumptions of every customer.
It includes changing service delivery, features, or contributions to make them more
significant and customized to the special prerequisites of every customer.
Customization is a procedure utilized by service providers to upgrade the general
service experience and consumer loyalty.
Feedback and Measurement refer to the processes and strategies used to evaluate
and measure the nature of services being given by an organization. These exercises
are fundamental for understanding how well an organization is meeting customer
assumptions, recognizing regions for development, and guaranteeing the steady
conveyance of top-notch services.
Benchmarking:
Benchmarking is a systematic process of comparing an organization's service
execution, practices, and principles against those of other driving organizations or
industry benchmarks. The objective of benchmarking is to distinguish regions where
an organization can further develop its service quality by embracing best works,
accomplishing more prominent productivity, and upgrading consumer loyalty.
Client support:
Client support is the group of individuals who provide help when clients
experience difficulty with an organization's services. Client support is the immediate
one-on-one communication between a consumer and a company. The connection is
generally done when a consumer is purchasing a good or service from the
organization. Most retailers consider this immediate communication to be a basic
calculation guaranteeing purchaser fulfillment and empowering repeat business. The
choice to address a live client support specialist is viewed as vital for most
organizations even though the main part of client support is computerized.
Key aspects of Client Support:
Inquiry Handling:
Inquiry Handling refers to the most common way of getting, making due, and
answering requests or inquiries from customers or clients regarding goods, services,
strategies, or some other parts of the organization. This aspect of client support is
basic for guaranteeing that clients get precise and opportune data, help, or goals for
their requests.
Problem Resolution:
Communication channels:
Self-Service Options:
Self-service options refer to the resources and tools that organizations give to
their customers or clients, permitting them to track down replies to normal inquiries,
access data, and resolve issues freely without the requirement for direct help from
specialists. These self-service options are intended to engage clients, decrease the
responsibility in work groups, and improve the general client experience.
Escalation:
Escalation refers to the most common way of raising a client's issue or worries
to a more significant level of power or expertise inside an organization when it can't
be settled at the underlying resource. The essential objective of escalation is to
guarantee that perplexing or basic client issues get the important consideration and
expertise to be settled successfully and as quickly as possible. It is a typical practice in
customer service and support teams to offer better support and keep up with consumer
loyalty.
Risk Management:
Risk Identification:
Risk identification is the process of deliberately recognizing, archiving, and
understanding possible dangers and uncertainties that might affect an organization,
venture, or specific business action. The objective of risk identification is to make a
thorough rundown of likely dangers, both inside and outside, that could influence the
accomplishment of targets or the successful completion of a task. This process is a
critical starting move toward risk for the executives, as it helps organizations and
undertaking groups proactively address and moderate likely dangers.
Risk Assessment:
Risk Prioritization:
Risk Mitigation:
Risk Reporting:
Throughout my twenty 20 days industrial training period. I had the opportunity to learn and
gain valuable experience at Securex Private Limited. This company is a cryptocurrency
trading and exchanging company. Each day of my training session, I have learned new things
and gained knowledge which is related to Finance in the field of accounting. Besides that,
this training session also taught me how to be responsible in conducting tasks and being
independent to learn new things. In addition, the entire task given is the most valuable. It has
trained me to be more independent. It has created an interest in learning about finance. I also
found this company is following all regulations set by the Financial Conduct Authority
(FCA).
At Securex Private Limited, employees feel that the finance department is working
well, and they also feel it does all its responsibilities on time without any delay.
The customers feel secure with the accounting department in Securex trading
company as it records the data accurately without any errors and it also holds the
customer's currencies or cryptos safely in the special storage devices.
There are very few employees in the company as it is a freshly started organization.
Every employee is satisfied with their work and the salary given by the company.
The employees feel satisfied and comfortable with the work time of the company.
From morning 9:00 AM to 5:00 PM. In between they also have a lunch break and a
small tea break as well, which makes them feel relaxed without any stress.
If any mistake is made by the employee in the finance department, for the first time
they will be excused, and if they repeat it, the losses will be compensated with salary
(by deducting an amount from the employee's salary). At the same time, if the
employee performs well and excellently, they will be given an additional bonus and
increase in salary according to their hard work, smart work, and their dedication.
Suggestions:
I would like to suggest Securex Private Limited make improvements in training even
more efficiently and deeply in the future.
I also suggest the company provide a suitable place or room for trainees so that we
can have a place to do reports and communicate with other trainees for more
knowledge.
I would like to suggest providing a meeting with the student weekly or monthly to
ensure the welfare of the students is not ignored and a lot of new information can be
obtained by the students.
They should have their application or website to record their transactions, profits and
losses, and quantity of currencies they are trading, and to have pieces of information
about the customer.
Securex should hire some efficient people in terms of using new technology. Though
they have employees who are very experienced in this field sadly most are
technologically challenged. So, there should be a mix of both experienced and
efficient employees.
As they are new to the business environment they should frame and follow a proper
guideline and structure for the company to increase their profit and customer
satisfaction level.
Conclusion:
In conclusion, my internship in the finance department (subdivision: Accounting) has
been an enriching and transformative experience. Over the past 20 days. I had the privilege of
working alongside dedicated professionals who have generously shared their knowledge and
expertise with me. This internship has provided me with invaluable insights into the world of
accounting. One of the most rewarding aspects of my internship has been the opportunity to
collaborate with the talented and supportive team in the finance department. Their
mentorship, guidance, and willingness to involve me in meaningful projects have been
instrumental in my professional growth. I am immensely grateful for their patience and
encouragement throughout my internship journey.