Financial Innovation – Eq Muscle Release http://www.eqmusclerelease.com/ Wed, 12 Jan 2022 22:48:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://www.eqmusclerelease.com/wp-content/uploads/2021/03/eqmusclerelease-icon-70x70.png Financial Innovation – Eq Muscle Release http://www.eqmusclerelease.com/ 32 32 New Zealand opens up to open banking http://www.eqmusclerelease.com/new-zealand-opens-up-to-open-banking/ Wed, 12 Jan 2022 22:00:59 +0000 http://www.eqmusclerelease.com/new-zealand-opens-up-to-open-banking/

Today, financial services organizations hold their customers’ data and sharing it with third parties is difficult and complex. For example, bank customers can only share their transactional data by exporting or printing it and then sharing their statements with one third party at a time.

“If you want to go fast, go alone. If you want to go far, go together.” – African proverb

In contrast, open banking will allow customers to share their data seamlessly with accredited third parties of their choice. This will give them more control and transparent oversight of their financial information.

Open banking will facilitate greater innovation and better customer value propositions, leading to a more personalized customer experience that goes beyond traditional banking.

By using data-driven insights, banks and other parties will be able to develop services at lower cost and lower fees while better supporting financial well-being and potentially improving literacy and inclusion. financial and digital.

Open banking will also make it easier and faster for ANZ to work with third parties and realize its ambition to help customers improve their financial well-being. Whether it’s saving money or buying a house; or start, manage and grow a business. There are endless benefits to using data to provide better product matching, easier onboarding, faster loan or credit applications, and smarter choice of products and services.

Maintaining trust in an open world

The confidentiality and protection of customer data is of crucial importance. Although our customers place great trust in ANZ, they are reluctant to share their data and rightly expect ANZ to protect their personal information. ANZ takes this responsibility seriously. As open banking grows, the banking industry will continue to invest in data security, while educating customers about how their data is shared. This will allow customers to make better decisions about how they use their data, while maintaining control.

As happened in Australia, New Zealand has opted for Consumer Data Right (CDR) legislation and we are taking an industry-led approach (as opposed to the UK’s regulatory approach). New Zealand’s CDR legislation will have a similar objective to the British and Australian model protecting consumer rights across a range of sectors including banking, telecommunications, utility providers and government.

The industry-led approach allows banks and other interested parties to help shape the legislation and make it fit for purpose. New Zealand is learning from experience overseas, applying an iterative approach across sectors with the aim of creating a legislative framework that will work for all New Zealanders. There are many ways banks, retailers, fintech companies, and governments can work together to create a sustainable open data ecosystem.

As we continue to develop open banking, I remember this African proverb: “If you want to go fast, go alone. If you want to go far, go together.

If we can learn anything from abroad, it’s that building an open data ecosystem takes time. It’s complex, expensive, and there’s no perfect model to follow. There is also a growing recognition and appreciation of the different perspectives and capabilities that banks and fintech companies bring to the table. We are seeing a convergence between banks, which have built a reliable, safe and secure ecosystem through strong risk management practices, and fintech’s ability to be agile, scale quickly and showcase a new way of thinking. . Such disruptions and innovations can lead to better outcomes for customers.

What will it take to succeed?

Open banking must enable an ecosystem of shared services and value propositions that are consistent, reliable and easy to understand by users. This is not an easy task. When we think back to the implementation of electronic direct debit or the EFTPOS network, in its technical, operational and commercial aspects, these examples highlight the significant collective effort required to develop and deliver this type of service.

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Thunes partners with the World Economic Forum to drive innovation in payment infrastructure http://www.eqmusclerelease.com/thunes-partners-with-the-world-economic-forum-to-drive-innovation-in-payment-infrastructure/ Tue, 11 Jan 2022 01:53:00 +0000 http://www.eqmusclerelease.com/thunes-partners-with-the-world-economic-forum-to-drive-innovation-in-payment-infrastructure/

SINGAPORE, January 11, 2022 / PRNewswire / – Money, a Singaporefintech company and global leader in cross-border payments, today announced a collaboration with the World Economic Forum (WEF) to tackle systemic inequalities in access to financial services by stimulating innovation in payments and market infrastructure.

As a collaborator of the WEF platform for Shaping the future of financial and monetary systems, Thunes will engage with the WEF financial community to provide strategic information, identify gaps and best practices, and contribute to the development of policies and programs that will help address financial inclusion and sustainable development. Thunes will also contribute to initiatives such as Shaping the future of the digital economy and the creation of new values and the The future of trade and global economic interdependence.

“As a global payments company, we are deeply connected to local payment trends and habits, and we are pleased to see that technology is enabling increased access to financial and payments services to people around the world. However, infrastructure is uneven and slow to change, inequality in the financial services space is high, and we are far from living in a truly global and inclusive economy. We believe that being at the heart of global discussions, we have an opportunity and a responsibility to contribute to the evolution of global financial systems and drive significant changes towards a more equitable future for people, businesses and communities. We look forward to working with the WEF to help build a more efficient, resilient and inclusive financial system, ”said Peter De Caluwe, CEO of Thunes.

The goal of Thunes is to create a global payments system that allows anyone, anywhere, to make payments – or receive them – without hassle and stress, regardless of their location. The company’s global network and payment capabilities deliver fast, affordable and reliable payments, creating new opportunities for entrepreneurs and communities around the world.

Matthew Blake, head of the platform to shape the future of financial and monetary systems, member of the executive committee, at the World Economic Forum, said: “We are delighted to welcome Thunes to the Forum’s financial and monetary systems platform, which strives to meet the changing needs of people around the world, especially in emerging markets, and to solve the pressing problems that are shaping the global financial system. partnership reflects a broader trend of companies to shift from shareholder capitalism to stakeholder capitalism, leading to more public-private alliances and multi-stakeholder collaboration. system.”

Contact: [email protected]

SOURCE Money

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[Exclusive] RBI sets up a fintech department; ET NOW access the flyer http://www.eqmusclerelease.com/exclusive-rbi-sets-up-a-fintech-department-et-now-access-the-flyer/ Sun, 09 Jan 2022 05:31:09 +0000 http://www.eqmusclerelease.com/exclusive-rbi-sets-up-a-fintech-department-et-now-access-the-flyer/

Representation image | Photo credit: IANS

New Delhi: Aware of our times, RBI is setting up a fintech department to give impetus to innovation. RBI’s fintech department will also be in charge of regulating this hot space.

Recognizing the dynamic evolution of the financial landscape, the Indian banking regulator Reserve Bank of India (RBI) set up an internal fintech department a few days ago. ET Now has accessed the RBI internal circular that set up the fintech department as of January 4, 2022.

The circular states: “In order to put more emphasis on the domain and innovation in the fintech sector by following the dynamic evolving landscape, it was decided to create a fintech department within the bank. ”

In addition to providing a boost to fintech innovation, RBI’s new fintech department will focus on regulation. The circular specifies:

“This FinTech department will not only drive innovation in the industry, but will also identify associated challenges and opportunities and address them in a timely manner. The department will also provide an additional framework for further research on the subject that can aid policy interventions. Therefore, all issues related to the facilitation of constructive innovations and incubations in the FinTech sector, which may have broader implications for the financial sector / markets and falling within the competence of the Bank, will be addressed. with the FinTech department. All questions related to inter-regulatory coordination and internal coordination on fintech will also be handled by the Department. “

This department is expected to be headed by Ajay Kumar Choudhary, who was recently promoted to executive director of the RBI. He has worked for more than three decades in the areas of supervision, regulation, currency management, payments and settlements as well as other areas at the RBI.

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Cantor Fitzgerald and Capital Innovations announce their intention to launch a sustainable infrastructure fund http://www.eqmusclerelease.com/cantor-fitzgerald-and-capital-innovations-announce-their-intention-to-launch-a-sustainable-infrastructure-fund/ Fri, 07 Jan 2022 13:00:00 +0000 http://www.eqmusclerelease.com/cantor-fitzgerald-and-capital-innovations-announce-their-intention-to-launch-a-sustainable-infrastructure-fund/

Jay frank, Chairman of Cantor Fitzgerald Capital and COO of Cantor Fitzgerald Investment Management, said: “We are excited about this new venture with Capital Innovations as infrastructure is a natural addition to our investment platform leveraging the l expertise of our investment bank in electricity, energy and infrastructure. as well as the company’s national and global reach. The need for infrastructure investment in the United States and around the world is extraordinary and we believe our platform is well positioned to provide investors with the opportunity to invest in sustainable investment strategies.

Cantor Fitzgerald, LP, is a global financial services organization specializing in financial services, investment banking and asset management for institutional and high net worth clients. From December 31, 2021, Cantor and its subsidiaries and affiliates had more than $ 6.5 billion in assets under management and operates in most major financial centers around the world with 150 offices in 22 countries.

Capital Innovations, a leading provider of real asset investment solutions, has been managing equity and debt investments since 2007, with a focus on ESG and sustainability since its inception. Co-founder Michael underhill is President Emeritus and one of the first signatories of the infrastructure work stream of the United Nations Principles for Responsible Investment, which was central to the foundation of today’s sustainable investing.

“We look forward to partnering with Cantor Fitzgerald, a company renowned for providing innovative alternative investment solutions to its clients. Investors are increasingly turning to private markets to meet the need for more income and portfolio diversification. Sustainable investment strategies have seen an increase in demand and are expected to account for a third (USD $ 35.3 trillion) of all investments in the world’s five largest markets in 2022.1 Our platform is well positioned to respond to market growth, ”added Susan dambekaln, co-founder of Capital Innovations.

About Cantor Fitzgerald, LP

Cantor Fitzgerald, with more than 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for more than 75 years. Cantor Fitzgerald & Co. is a leading investment bank serving more than 5,000 institutional clients worldwide, recognized for its strengths in the fixed income and equity markets, investment banking, PSPC underwriting and PIPE investments, prime brokerage and commercial real estate, and for its global distribution platform. Cantor Fitzgerald & Co. is one of 24 primary dealers authorized to deal with the Federal Reserve Bank of New York. Cantor Fitzgerald is one of the main sponsors of SPAC, having completed several initial public offerings and announced several business combinations through its acquisition platform CF. For more information, please visit www.cantor.com.

About Capital Innovations, LLC

Capital Innovations is a leading alternative investment asset manager positioned to advise leading global investors. Founded in 2007, Capital Innovations has advised, managed or co-sponsored investment programs covering more than $ 9 billion in assets. Capital Innovations is a boutique investor in the fields of infrastructure, real estate and natural resources.

Capital Innovations’ alternative investment solutions mainly include two groups of complementary products: actively managed listed real asset strategies and tax-advantaged private market real asset strategies.

Additional information is available at www.capinnovations.com.

1 Global Alliance for Sustainable Investment.

A registration statement relating to the Cantor Fitzgerald Sustainable Infrastructure Fund has been filed with the Securities and Exchange Commission (SEC) but has not yet become effective. The SEC has not approved or disapproved these securities or approved the adequacy of the Fund’s preliminary prospectus. Any statement to the contrary is considered a criminal offense. These securities cannot be sold and offers to buy cannot be accepted before the entry into force of the registration statement. This communication does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any State in which such an offer, solicitation or sale would be illegal prior to registration. or qualification under the securities laws of such state.

Investors should consider the investment objectives, risks, and fees and expenses of the fund before investing. The prospectus contains this and other information about the fund and should be read carefully before investing. The prospectus can be obtained by calling 855-9-CANTOR (22-6087).

The Fund is distributed by Ultimus Fund Distributors, LLC. Ultimus Fund Distributors, LLC is not affiliated with Cantor Fitzgerald, LP or Capital Innovations, LLC.

Important risk information

There are risks involved in investing, including loss of capital. There can be no assurance that the fund will achieve its investment objective. There is no guarantee that any investment strategy, including asset allocation, will be successful.

The fund is only suitable for investors who can bear the risks associated with the limited liquidity of the fund and should be viewed as a long term investment. The fund is a closed-end fund and there will be no secondary market for the shares of the fund. Limited liquidity is provided to shareholders only through the fund’s quarterly buyback offers for no less than 5% of the fund’s outstanding shares at net asset value. There can be no assurance that shareholders will be able to sell all of the shares they wish under a quarterly tender offer.

The underlying funds in which the fund may invest are subject to investment advisory fees and other charges, which will be indirectly paid by the fund. Therefore, the cost of investing in the fund will be higher than the cost of directly investing in the underlying funds. The underlying funds are subject to specific risks, depending on the nature of the specific underlying fund. The fund’s use of leverage will amplify the fund’s gains or losses.

Environmental, social and governance (ESG) investing may consider factors beyond traditional financial information to select securities, which could cause the relative performance of investments to deviate from other strategies. or broad market benchmarks, depending on whether those sectors or investments are in or out of favor in the market. In addition, ESG strategies may rely on certain value-based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also cause the relative performance of investments to deviate. There can be no assurance that the use of ESG strategies will result in a more favorable investment return.

14237707-UFD-06/01/2022

SOURCE Cantor Fitzgerald, LP

Related links

http://www.cantor.com

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Sharing knowledge and innovation to fight climate change http://www.eqmusclerelease.com/sharing-knowledge-and-innovation-to-fight-climate-change/ Wed, 05 Jan 2022 09:51:07 +0000 http://www.eqmusclerelease.com/sharing-knowledge-and-innovation-to-fight-climate-change/

Projects funded during the last round of the Knowledge Transfer and Innovation Fund.

Projects contributing to the reduction of emissions and the fight against climate change in agriculture and food production have been selected under the last cycle of the Knowledge Transfer and Innovation Fund (KTIF).

The chosen projects focus specifically on resource efficiency, emission reduction, environmental performance and farm sustainability, and are supported by just over £ 170,000 in funding through KTIF.

Rural Affairs Secretary Mairi Gougeon said:

“As COP26 approached, the whole world was thinking about what needs to be done to tackle climate change and what we need to do in the future.

“It is clear that we all need to work together to achieve our climate goals. I can’t wait to see how successful projects will help us get there. This is why investing and supporting the transfer of knowledge and innovation within our agricultural sector has never been more important.

Fund

The Knowledge Transfer and Innovation Fund is funded from the Scottish Government’s rural budget. The program funds projects based on knowledge transfer and innovation aligned with EU rural priorities, including promoting resource efficiency and supporting the transition to a low-carbon and resilient economy. climate change in the agricultural, food and forestry sectors.

Newly approved projects

  1. Agroforestry in action 2 – Facilitated by the Soil Association (Scotland) – £ 18,862.50

The aim of the project is to build on the success of their 2021 Agroforestry in Action (AIA) program, by leveraging the knowledge gained to continue raising awareness and providing farmers, farmers and managers land resources and information on the opportunities for agroforestry in Scotland, and its benefits for productive and sustainable agriculture, resource-efficient land management, the environment, nature and a secure climate.

  1. Soil health – A road to net zero for the Scottish livestock industry – Facilitated by Farm Stock (Scotland) Ltd – £ 69,878

The aim of the project is to help the Scottish farming industry meet the Scottish Government’s goals by becoming more efficient, including through better management of soil health.

  1. Farmers in the field video case studies – Facilitated by Forth Resource Management – £ 4,374

The goal of the project is to create a case studio video series made up of three videos aimed at highlighting the role of agricultural industries in the transition to a low carbon future. They also aim to share knowledge and learnings on food and energy production for the benefit of the environment to the entire agricultural industry.

  1. Agroecology – Facilitating a change of mindset – Hosted by Nourish Scotland – £ 43,575

The aim of the project is to bring together six non-governmental organizations – 3 entirely farmer-led and 3 whose members include farmers – to facilitate knowledge transfer and exchange among farmers who have started adopting approaches and practices. agroecological practices and those who have not yet done so. to be convinced.

This project aims to broaden understanding of agroecology, in particular through a cooperative farmer-to-farmer / farmer-to-farmer learning program.

The project will aim to achieve this with groups of 8-10 farmers who are diverse in terms of business and geography across Scotland, with learning shared between groups and with industry bodies, to through the members of the organizations and more broadly through the 6 organizations. communication channels.

  1. Carbon baby footprints – Facilitated by Wholesome Pigs (Scotland) – £ 35,100

The aim of the project is to build on the success of using benchmarking within the Scottish pig industry to provide improved measurement tools, to minimize the work involved on the farm to perform audits and thus reduce any future financial support requirements.

At least three different pig farm carbon calculators will be interviewed to provide the project team with an understanding of the specific data entry requirements for each calculator. The experience of operations having carried out a carbon footprint during the last 12 months will also be used.

They hope to achieve this by making visits to 15 farms to research the data. 15 carbon footprints will then be produced using the database to test the system, covering a representative sample of unit size, geography and production system. Experimental farms will receive an individual report advising on priority actions to rapidly reduce their own emissions.

A national benchmarking report will be generated by running all data through a single carbon calculator, allowing farmers to see how they are performing compared to their peers. It will also analyze how different types or sizes of farms affect emissions.

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Connectivity startup SA Isizwe raises $ 460,000 from the Global Innovation Fund http://www.eqmusclerelease.com/connectivity-startup-sa-isizwe-raises-460000-from-the-global-innovation-fund/ Mon, 03 Jan 2022 09:00:00 +0000 http://www.eqmusclerelease.com/connectivity-startup-sa-isizwe-raises-460000-from-the-global-innovation-fund/

Isizwe, an internet service provider that provides online access to low-income communities in South Africa, has raised $ 460,000 in funding from the Global Innovation Fund (GIF) to reduce the risks of its model and encourage new investments.

Launched under the name Project Isizwe in 2013, Isizwe offers unlimited Wi-Fi in townships and informal settlements on a pay-as-you-go basis at low cost. Users pay ZAR 5 ($ 0.33) for 24 hours of internet access compared to the South African average cost of ZAR 100 ($ 6.63) per gigabyte.

To provide the service, Isizwe creates Wi-Fi zones with Wi-Fi hardware that connects to Internet Service Providers (ISPs). This allows the startup to provide internet access in low income locations without having to invest in building expensive backhaul infrastructure. The result is Wi-Fi zones within walking distance of each home, with one Wi-Fi zone covering around 100 homes.

Since adopting this approach in 2020, Isizwe has set up 80 Wi-Fi zones, including zones for an education group working to facilitate distance learning during the COVID-19 pandemic, and plans the deployment of more than 25,000 Wi-Fi zones in South Africa by 2022.

Public provision of WiFi as a viable and scalable business model serving customers at the bottom of the pyramid remains to be proven, but the UK-based venture capital firm’s US $ 460,000 investment GIF at this early stage, this will help reduce the risks of the Isizwe model and potentially catalyze commercial capital in subsequent investment rounds to allow the company to test the basic assumptions regarding operational, social and financial viability. .

The investment is being made through ADVANCE, GIF’s partnership with Anglo American that aims to unlock the private sector investments needed to scale up new business models for the United Nations Sustainable Development Goals.

“This is a great investment for Isizwe and it shows us that the world really cares about connectivity in Africa. Over 90 percent of households in Africa have only mobile data to connect to the internet – it’s done on a per-gigabyte billing basis, so it’s incredibly expensive to get connected. The cost is similar to the cost of a bath in bottled water. Governments in developed countries understand the dangers of a digital divide and are making significant investments to connect their rural communities. Connectivity is the new key to unlocking the poverty trap, so it’s great to see GIF and Anglo American apply it to Africa, ”said Tim Genders, CEO of Isizwe.

“We have seen the benefits of last mile connectivity in India, Latin America and parts of Africa, and we aim to show that our investment can provide sustainable internet access to those who live in rural areas and suburban South Africa, while generating both large-scale social benefits for users and attractive financial returns for investors, ”said Khuram Hussain, GIF’s chief investment officer.

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What smart investors watch when investing in fintech companies http://www.eqmusclerelease.com/what-smart-investors-watch-when-investing-in-fintech-companies/ Fri, 31 Dec 2021 00:45:27 +0000 http://www.eqmusclerelease.com/what-smart-investors-watch-when-investing-in-fintech-companies/

The good news is that advancements in financial technology, or FinTech, will improve the lives of customers. The bad news is that a lot of investors are going to lose money while this is happening. With a record $ 98 billion invested in the first half of 2021 alone, bringing the total to over $ 1,000 billion over the past decade, the amounts involved are staggering.

Despite some amazing companies, many FinTechs are bad investments, plagued with serious flaws in their business models and operational performance. We are in a time of immense technological change, but cheap money and the need for growth have blinded many investors to risk.

Investors must first focus on the commodity. The key question is, what problem is FinTech trying to solve? Does it add value to customers and is the product better than its competition? Surprisingly, I’ve seen a lot of FinTechs where these basic questions don’t seem to have been asked. A good example is the myriad of blockchain companies, many of which are trying to find a problem that can match their perceived solution. Their products may be technically sophisticated, but are they enough for customers to change?

The larger problem is that many companies do not have a viable strategy. Rapid product deployments, a smooth user interface, or innovative technology are often cited as key competitive advantages, but they are not strategies in themselves. Neither is cheaper. In many cases, competition could also lower its prices, thereby crushing returns. How long could companies like money transfer company Wise Plc or Revolut Ltd survive if a major incumbent like HSBC Holdings Plc started a price war by offering the same exchange rates?

Poor fundamental strategy is common and can often be detected by companies entering “red ocean” markets. A red ocean is an existing market with a lot of competition. Usually returns are determined by market forces and it can be extremely difficult to disrupt them you are doing business in a very different way, you are going to be hostage to those same forces and see disappointing returns. Hence the poor performance of European challenger banks like Metro Bank PLC, Monzo Bank Ltd. It’s not surprising. They weren’t doing anything fundamentally different from the incumbents. As Thiel said, most businesses fail because they are not immune to competition.

On the other hand, “Blue Ocean” strategies are neglected. A Blue Ocean is one where there is a lack of competition and an opportunity to create new demand. A Blue Ocean strategy could start in a niche of an existing market but expand or even create one. This is where the real disruptors are often born. The best example is Amazon.com Inc., which started out selling books and expanded into new markets such as cloud computing.

Unfortunately, many FinTech leadership teams lack the skills or understanding of the complexities of the markets they are trying to enter. The markets they try to disrupt are often highly regulated with complicated dynamics. Electronic money, or e-money, payment companies have had a particularly difficult time.

In-depth knowledge of financial markets is often lacking. Money may be one of the oldest “technologies” in existence, but many cryptocurrency supporters seem to ignore that Bitcoin is essentially an old idea – private sector money – in a new form. Private sector money has a checkered history and has often come up against governments seeking to protect their monopoly on money. Various well-known behavioral errors also abound, such as the vast use of energy creates inherent value. It is not, it is an almost classic sunk cost.

Does this mean that the entire crypto universe can be seen as a worthless fad? I do not think so. It seems likely that something will emerge from massive innovation in the digital asset space, but I doubt early-stage cryptocurrencies will turn out to be the ultimate winners unless these important issues are addressed. Getting an innovation right the first time would be very unusual.

Much of the problem with FinTech stems from the larger venture capital industry. Flooded with cash, the industry has grown tremendously in recent years and there has been tremendous pressure to deploy capital. Red Ocean markets already exist and their size and value can be relatively easily quantified. Group thinking is prevalent, and trendy investment themes attract a lot of capital but increase competition. In contrast, Blue Oceans can start in poor places, so it’s much more difficult to see their true potential or where skilled management teams can take businesses. They also require greater patience.

Starting with flawed business models has meant that many FinTech startups seem to focus too much on getting a higher valuation in the next funding round, while the need to become profitable seems secondary. Given a lack of profitability, valuations are often inflated. Many of these businesses will struggle in the next downturn.

Technological revolutions often come in waves, and we may only be in the middle of a decade. They can trigger profound changes in the way businesses and even societies are structured in ways that are difficult to predict. The expansion of the auto revolution enabled suburbanization and the way we shopped. Based on the assessment, Walmart appears to have been a bigger auto winner than the automakers themselves.

It can take years for the winners to emerge, and the biggest winners may be entirely from other industries. Rather than chasing trending themes at extreme prices, investors may need to consider more Blue Ocean opportunities or just be patient. Some of the best times to invest in technology in the last cycle were after the crash and history may well repeat itself.

This story was posted from an agency feed with no text editing. Only the title has been changed.

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Supply chain finance: outlook for 2021 and trends for 2022 http://www.eqmusclerelease.com/supply-chain-finance-outlook-for-2021-and-trends-for-2022/ Mon, 27 Dec 2021 12:45:16 +0000 http://www.eqmusclerelease.com/supply-chain-finance-outlook-for-2021-and-trends-for-2022/

The pandemic has radically reshaped consumption patterns in industries around the world. From sourcing raw materials to sourcing the end consumer, the value chain has been consistently disrupted in recent years. However, companies have continued to transform their operations and adapt to the technological revolution in this environment of pivot or decline. Industries around the world are now fueling the digital boom and supply chain finance is no exception.

The sector has experienced a massive acceleration with the emergence of advanced technologies and innovations.

Supply chain finance volumes have grown significantly in recent years, reaching a total value of $ 1.31 trillion in 2020, according to the World Supply Chain Finance Report, published by BCR. The supply chain finance market is expected to grow at a CAGR of 17.1%, with additional spending of approximately USD 82.75 billion, by 2024. Further, as the global revenue pool for Supply chain financing grew by around 7% from a half year of 2021, with total industry revenue, according to BCG, expected to reach $ 11 billion by 2030.

In addition, on the supply side, North America, South America, Europe, Middle East, Africa and APAC are expected to have the maximum influence due to the diversity of the supplier base. While the industry is expected to accelerate at a sustained rate in the years to come, it has certainly been put to the test in these uncertain times.

Even though the industry has seen many ups and downs with the closures and global lockdowns that followed, it has managed to equip itself with resilience and stay one step ahead. Supply chain finance is taking on new dimensions with digitization enabling its growth and adoption. The year 2021 saw that technological solutions enabled cost optimization, improved working capital and greater transparency in business transactions and helped MSMEs stay afloat during the pandemic. The accessibility of financial data coupled with big data analytics and technologies such as blockchain, IoT, machine learning and AI have shifted the market in favor of supply chain finance.

As we move into this new year, we can expect some trends that will shape supply chain finance in 2022.

Healthy collaboration of advanced technologies and human capacities

As technology automates the entire process of payment exchange and history, documentation, data analysis, etc., a workforce intervention with capabilities such as critical thinking, logical implementation and customer relationship is a prerequisite for business success. The greatest performance improvements only occur when machines and humans work in harmony, improving each other’s strengths.

Improved risk management solutions

The pandemic has highlighted the risks of global supply chains as organizations grappled in the initial stages with supply chain disruptions. Over the coming year, companies will be implementing this and working to create a holistic ecosystem with better risk management and mitigation solutions. An “Always-On, Always-Ready” solution will become the necessary asset, to provide timely information in the event of disruptions and changes that are growing around the world. This will allow organizations to have a broad view to continuously monitor and reach new levels of suppliers and gain better visibility of the supply base. In addition, the design of technologies such as machine learning and AI would help assess credit risk and predict fraud and threats in real time.

Build a larger pool of suppliers

Accelerated digitization and collaboration will create a vast heterogeneous network with other providers, stakeholders and enablers. The year 2022 will see a massive shift towards a ‘multiple choice quotient’ with an expanded scope and multiple players proving higher values, improved funding and better working capital.

Understand changing customer needs

The last two years have led to the creation of new habits, needs and demands of customers in all sectors. With such tight net supplier and buyer networks, it is imperative for businesses to take the time and underestimate the changing needs of buyers. Covid lockdowns and the resulting economic blackouts, disruptions and irregularities have been a key driver of behavior change in supply chains and it is up to supply chain finance to ensure that these new capabilities can be developed.

Regulation and optimization of compliance issues

While the last few years have seen a trend for organizations to implement automation strategies before assessing compliance needs, the new era calls for a reversed operational cycle. With constantly evolving government mandates and regulations in all geographies, global invoicing and tax compliance are becoming increasingly complex and fragmented. The age of 2022 will see a transformation in business strategies where organizations operating globally will place compliance resolutions at the top of their automation approach.

Over the years, supply chain finance has become a gateway for buyers and suppliers, offering a range of finance and risk mitigation solutions to optimize the supply chain. important.

The views expressed in this article are the personal opinion of Kunal Ahirwar, CEO and Co-Founder, Earnvestt Technologies.

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BRAC Bank wins 4 awards at the South Asian Business Excellence Awards 2021 http://www.eqmusclerelease.com/brac-bank-wins-4-awards-at-the-south-asian-business-excellence-awards-2021/ Sat, 25 Dec 2021 10:20:00 +0000 http://www.eqmusclerelease.com/brac-bank-wins-4-awards-at-the-south-asian-business-excellence-awards-2021/

BRAC Bank won four awards at the South Asian Business Excellence Awards 2021.

BRAC Bank has been awarded the title of “Best Private Sector Bank”, “Best Internet Banking Provider”, “Best Use of Mobile Technology” and “Most Innovative Response to Covid” reflecting its digital transformation journey and its resilience during the pandemic, read a press release.

The awards were presented to BRAC Bank in recognition of its leading role in the South Asian region in business, innovation and social intervention for the well-being of customers, employees and the community. community.

The awards validate the bank’s consistent financial performance, its cutting-edge technology to improve the customer experience, and its extraordinary initiative at the height of the pandemic.

The South Asian Business Excellence Awards celebrate the exceptional work and achievement of business pioneers in an increasingly competitive marketplace. Every year, financial sector and business leaders from India, Pakistan, Nepal, Bangladesh, Bhutan, Afghanistan, Sri Lanka and the Maldives gather in the Sri Lankan capital to receive the laurels and celebrating business excellence in South Asia.

Md Sabbir Hossain, Deputy Managing Director and COO of BRAC Bank, officially received the awards at a virtual awards ceremony held at Hilton Colombo in Sri Lanka on December 10.

Winning the awards, the bank’s managing director and CEO, Selim RF Hussain, said: “BRAC bank is far ahead of the industry in terms of financial metrics, innovation and governance. It has established itself as a leading financial institution in Bangladesh, thanks to its visionary advice. of our regulators, our board of directors and our talented team.

“We are now reaping the dividends from the investments in technology, people and processes made over the past two years to benefit valuable customers. We will continue to explore new ways to improve the customer experience in this evolving digital age. “

He added, “The award will be another stepping stone for BRAC Bank towards its ultimate goal of becoming the best bank in the country. We thank the valued customers and stakeholders for their continued trust in us which helps us achieve such international honor.

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