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What Barriers Still Impede Electric Vehicles?

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Electric vehicles have been with us for a long time.

It’s only recently that they’re being touted as a serious replacement for the internal combustion engine and a (partial) answer to our climate crisis.

The UK government says that it’ll ban the sale of petrol and diesel vehicles by 2030 – and you can reasonably expect any Labour government to be at least as ambitious, given their slightly greener voter-base.

By then, electric cars will need to be fairly ubiquitous. So what’s stopping this from happening right now? [Read more…] about What Barriers Still Impede Electric Vehicles?

PTC to acquire product lifecycle management provider Arena Solutions

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Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions

Customer Due Diligence: Why and How?

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Customer-related risk assessment is highly important to any organization. That’s why companies process information from each prospective customer to maintain the needed level of organizational supervision.

Proper customer due diligence (CDD) is what institutionalizes this process. Proper CDD utilizing makes companies aware of the smallest risk and helps identify the highest risks, including fraud.

CDD is a legal requirement for businesses in the US and many other countries with EDD (Enhanced Due Diligence) required for dealing with clients from the KYC high-risk category. [Read more…] about Customer Due Diligence: Why and How?

China expands testing of digital currency in case US bans yuan

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China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US. 

So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.

Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan

AutoStore reports record revenue growth for 2019

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AutoStore, the Norwegian robot technology company, reported revenues of $195 million in 2019, up 36 percent from 2018.

The company generated earnings of $108 million following the “continued strong demand for automated warehouse solutions”.

AutoStore adds that the outlook remains strong, despite short-term Covid-19 impact. [Read more…] about AutoStore reports record revenue growth for 2019

The Future of Finances – A Digital Banker

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As a consumer, the most beneficial aspect of modern banking is the ability to have your money by your side at all times.

This easy access to your money will save you from having to make your way to the bank every time one of your accounts runs low and you need to transfer.

As a banker, there is a growing demand for banks and financial institutions to implement this digital method of banking. Consumers want their money whenever and wherever they can get to it. [Read more…] about The Future of Finances – A Digital Banker

Opinion: Disruption should bring passion into minds of investors

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By Deblieck Tommy, Managing Director / Partner, Zora Robotics

It is absolutely stunning to see how being disruptive makes you barely bankable.

When you become an entrepreneur, you’re first convinced that difference is an asset, that heading for a direction that no one follows is one of the keys. You with me? [Read more…] about Opinion: Disruption should bring passion into minds of investors

Universal Robots partners with DLL to launch financial services leasing program

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Universal Robots, the largest collaborative robot manufacturer in the world, has launched a new cobot leasing program in partnership with DLL, a global vendor finance company.

The new agreement enables all manufacturers, regardless of size or capital equipment budgets, to reap the benefits of automation without worrying about cash flow and seasonal fluctuations.

Klaus Vestergaard, CFO at Universal Robots, says: “We’re leveling the playing field by enabling all manufacturers to immediately put cobots to work without an upfront capital investment. [Read more…] about Universal Robots partners with DLL to launch financial services leasing program

Hitachi wins lift order in Hyderabad, India

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Hitachi has been awarded a contract to supply 106 lifts for large-scale office buildings to be constructed in Hyderabad, a major city in South India. This is the largest order for Hitachi group’s lifts and escalators in India.

Hitachi Building Systems and Hitachi Lift India will deliver 72 lifts for the large-scale building complex Phoenix Spaces 285, located in a suburb of Hyderabad’s financial district and scheduled for completion in February 2020.

Hitachi Lift India will also deliver 34 lifts for Phoenix Aquilia, an office building located in the centre of Hyderabad’s financial district, which is scheduled to be completed in December 2019.

Daimler buys PayCash in anticipation of new motoring culture

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The way people get around is going to change, with more people deciding that they don’t want the hassle of owning a car – they just want to hire one from time to time.

This seems to be the prevailing view among established automakers such as Daimler, parent company of Mercedes-Benz, as well as new entrants to the motoring market, such as the smartphone apps which enable users to hail cabs and so on.

In the latest development towards the new motoring world, Daimler has paid an undisclosed sum to buy PayCash, which will become the electronic payment system for the services of the Daimler under the new brand name “Mercedes Pay”, which enables payment through smartphones.  [Read more…] about Daimler buys PayCash in anticipation of new motoring culture

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