COMPANY USE OF RSS

On a Need to Know Basis

          The most important thing in business is and has always been information. Information controls the company's stock prices, production choices, operations, and day to day operations. The person with the fastest and most reliable information wins the race. In our fast moving society controlled by time and money, the person (or company) with the best of both always wins the race. 

          Since technology has made such a quantum leap each person with access to the Internet can find out anything almost instantly with a quick search. There is a problem with this having to search for information though. Searching for information costs what? Searching for information costs; TIME, and since TIME = MONEY the less searching a person has to do, the faster they can obtain the information they need in order to make precise business decisions.

               

                Financial companies and institutions are using RSS feeds to update their customers on a number of things financially related. Here is a list provided by Sharon Housley in her article "Financial Companies Use RSS Feeds" posted on FeedForAll of the feeds most institutions use RSS for; 

             Bank Rate Changes, Stock Monitoring, Mortgage Rates, Employment Opportunities, Currency Exchange Rates, Foreclosures, Auction Opportunities, Financial Industry News, Venture Investment Monitoring, Personal Finance Tips, Tax Laws, Investment Properties, Continuing Education, Monitor Real Estate Sales, Investment Advice and News, Bankruptcy Announcements, Corporate News, Loan Rates, and Tax News (Housley).

              The article goes on to explain how each of these sites RSS feeds are used and to what benefit they can be to their customers. As far as needing to know things as soon as possible, the web article also includes examples of websites with RSS feeds available for anyone who wants to add to their own RSS's and do a little of investing or stock trading.