Market trends and business perspectives
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, 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
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
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, 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 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.
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
China-based investment expert Edward Tse, CEO of Gao Feng, says financial technology companies are thriving in China
With the Chinese government keen to encourage innovation the fintech revolution is quickly gaining pace. Financial technologies companies backed by Chinese venture capital raised $2.4 billion in the first quarter of 2016, according to accounting firm KPMG.
This represented a 49 per cent share of global fintech investment in the period, bigger than that of North America and Europe combined.
Ant Financial Services Group, Alibaba Group Holding’s fintech affiliate, itself raised $4.5 billion in April, making it the largest round of funding for a fintech company in the world. [Read more…] about ‘Chinese companies lead the way in fintech innovation’
By David Henry, Reuters
Bank of America plans to provide customers with a chatty “virtual assistant” named Erica that will use artificial intelligence to make suggestions over mobile phones for improving their financial affairs.
Michelle Moore, head of digital banking for Bank of America, said in an interview on Monday that Erica will be smarter than a robot because she will bring up topics on her own, using predictive analytics as opposed to only answering questions customers ask.
For example, Erica may recommend taking steps to lift a sagging credit rating she noticed. Or, she may propose a customer make higher monthly payments on an outstanding credit card balance to reduce interest expenses. [Read more…] about Bank of America hires chatty virtual robot
A financial services company called Ladenburg Thalmann has launched a robo-adviser called $ymbil, apparently aimed at small investors.
The company describes it as a self-service investment platform that matches clients of Ladenburg affiliated advisors to a diversified portfolio consistent with their personal risk tolerance. Requiring a minimum investment of $500, $ymbil allows clients to fund their accounts and start investing in minutes.
“With $ymbil, we are helping advisors address the growing demand for wealth management services that harness the combined benefits of automation and human insight,” said Adam Malamed, Ladenburg’s chief operating officer. “$ymbil appeals to financial advisors and investors looking to maximize the benefits of technology with automated client registration, account administration, reporting and operational efficiencies.” [Read more…] about Robo-advisor platform aimed at small investors launched
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