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CKGSB Professor Wins CICF Best Paper Award for Novel Measure of Financial Flexibility

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BEIJING, Aug. 1, 2023 /PRNewswire/ — CKGSB Professor of Finance Dr. Erica Xuenan Li and her coauthors have won the CICF Best Paper Award by the China International Conference in Finance in 2023. The paper “Balance Sheet Financial Flexibility”, co-authored by Professor Li, Professor of Finance Sudipto Dasgupta at CUHK and PhD student Siyuan Wu at CUHK, is one of the three award-winning papers out of 2,000 papers submitted worldwide.

Financial flexibility is a key factor affecting business investment decisions and is said to be the primary goal when building corporate capital structures. Existing research, such as the Kaplan-Zingales (KZ) index, Whited-Wu (WW) index, and Hadlock-Pierce (HP) index, often uses financial constraint (FC) to measure financial flexibility, which in fact has little out-of-sample explanatory power and hence limited value of reference for corporate financial decision-making.

In contrast, Professor Li’s research proposed a novel method to measure financial flexibility based on firms’ investment behavior rather than financial statement disclosures.

In this paper, Professor Li and co-authors developed a financial flexibility index (FF Index) by analyzing balance sheet variables that distinguish firms with investment spikes from those that do not during industry-level investment surge.

The FF index outperforms the five popular measures of FC indices in explaining and predicting investment spikes in both in-sample and out-of-sample tests, providing a tool for predicting corporate investment decisions.

“We are glad that our research is recognized by CICF. We hope that with this paper and its findings, we can offer a more effective, comprehensive and concise index to investors and policymakers to measure corporate financial flexibility, so as to grasp companies’ financial position and investment capacity with more accuracy.” said Professor Li.

Since 2002, the China International Conference in Finance (CICF) has been providing an open platform that brings worldwide scholars together to present current research and stimulate new development in finance, becoming one of the four major global financial academic conferences.

Established in Beijing in November 2002, Cheung Kong Graduate School of Business (CKGSB) is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion. Dr Erica X.N. Li is a Professor of Finance and Director of China Industrial Policy Research Center at CKGSB.

 

View original content:https://www.prnewswire.co.uk/news-releases/ckgsb-professor-wins-cicf-best-paper-award-for-novel-measure-of-financial-flexibility-301889941.html

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GTN bolsters European growth with FCA authorisation

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LONDON, Nov. 6, 2024 /PRNewswire/ — GTN, a global fintech redefining investing and trading for all, is proud to announce that it has secured authorisation from the UK Financial Conduct Authority (FCA). This strategic achievement reinforces GTN’s position as a global fintech leader, enabling the company to offer a broader range of investment services to the European financial services community.

With FCA authorisation, GTN is set to expand its service portfolio to include Tripartite Model B services, addressing the needs of wealth managers, fintechs, and other firms authorised to trade on behalf of their clients but require custody to be supplied by a partner firm.

“We are thrilled to officially launch our European subsidiary and excited to add the UK to our portfolio of regulated entities. The FCA authorisation aligns with GTN’s mission to support the vibrant European financial and fintech ecosystem,” said GTN’s co-founder and Group CEO, Manjula Jayasinghe, “GTN’s regulatory presence in the UK now complements its existing operations in the US, Singapore, and Dubai, further reinforcing its global reach. “

With its global footprint and deep understanding of the fintech landscape, GTN is uniquely poised to meet the growing demand for innovative financial solutions in Europe.

About GTN 

GTN is a fintech pioneer with decades of success, holding broker-dealer and capital markets services licenses in multiple jurisdictions through subsidiaries. We are committed to empowering brokers, banks, asset managers, and fintechs with scalable and innovative investment and trading solutions that enable access to a comprehensive network of global markets and multiple asset classes, making investment and trading accessible to all.

GTN brings together a diverse team of over 500 talented individuals spread across Brazil, Hong Kong, Saudi Arabia, Singapore, South Africa, Sri Lanka, the UAE, the UK, and the US, united by a shared passion and purpose: empowering clients and transforming the accessibility to investment and trading opportunities for all.

GTN is backed by strategic investors IFC, a member of the World Bank Group, and SBI Group, one of the largest financial services firms listed on the Tokyo Stock Exchange. To learn more, visit www.gtngroup.com or follow us on LinkedIn.

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Groupe Mutuel integrates Ada Health’s AI-powered care navigation into their member experience across Switzerland to support personalized, streamlined access to care

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  • Ada Health’s AI health assessment and care navigation technology is integrated into Groupe Mutuel’s app. It helps members better understand their symptoms and care needs and directs them to relevant care options 24/7. 
  • Ada incorporates users’ Groupe Mutuel insurance plans when making care recommendations, enabling personalized care journeys that include the most appropriate support and services.
  • The announcement continues Ada’s strong growth in the insurer and payer segment following the recent renewal of its partnership with French health insurance aggregator Santéclair.

BERLIN and MARTIGNY, Switzerland, Nov. 6, 2024 /PRNewswire/ — Ada Health, the leading global AI health assessment and care navigation platform, and Groupe Mutuel, the comprehensive insurer, have launched a partnership to support quicker and easier access to affordable, effective care for up to 1.4 million Groupe Mutuel members across Switzerland.

Through this partnership, Ada’s clinically validated AI helps Groupe Mutuel offer tailored healthcare experiences for their members. For these members, Ada’s on-demand, trustworthy health assessments support them by navigating them to a wide array of services, 24/7. Facilitating quick, round-the-clock access to clinically appropriate services across Groupe Mutuel’s extensive care and partner network can improve time-to-treatment and potentially reduce unnecessary primary care visits.

Following an assessment, members will receive a recommendation for appropriate care options included in their policy and a referral voucher for reimbursement. Ada assessments are integrated into a member’s Groupe Mutuel single sign-on and are available in Italian, French, German, and English.

Since taking effect, Ada has already demonstrably improved member confidence, with a 59% reduction in members who are unsure of what care they should seek for their concerns. Members are also able to access guidance and services through Ada 24/7, with more than half of members utilizing Ada outside of normal clinical hours.

In addition to supporting members in understanding their health and navigating to care, Ada also helps highlight existing or unknown risk factors, such as high blood pressure and diabetes, informing potential prevention campaigns to improve long-term member well-being.

Nicholas Altebrando, Chief Product Officer at Ada, said: “At Ada, we believe that AI can help care-seekers everywhere access the right care at the right time. Partnering with insurance services enables us to provide tailored care pathways for members, helping us achieve this vision. We’re pleased to be extending our partnership with Groupe Mutuel to navigate its members to the right treatment and provide access to tailored, affordable, and efficient care for individuals across the Swiss healthcare system.”

Nicolas Höfler, Head of Digital Services & Ecosystems at Groupe Mutuel said: “By integrating Ada’s AI, Groupe Mutuel is the first health insurer in Switzerland to take an innovative and forward-looking approach to healthcare. It does not replace a doctor, but offers our members immediate and reliable assistance by orienting them to next steps.

“Offering a high level of diagnostic accuracy, Ada contributes to Groupe Mutuel’s aim of relieving the burden on the healthcare system by avoiding unnecessary visits to the doctor or guiding to more suitable services for their personal needs. Minor cases, which in the past caused overloads, can now be handled more specifically and efficiently – an advantage for members and the entire healthcare system.”

Groupe Mutuel users with questions about their symptoms can conduct a free AI-powered Ada health assessment directly through the Groupe Mutuel app. Based on their responses, Ada then provides users with tailored next steps based on their needs and personal insurance plan.

Ada assessments are available for any Groupe Mutuel member in Switzerland via the Groupe Mutuel app. For more information, visit www.groupemutuel.ch/en/private-customers/our-services/ada.html

About Ada Health
Ada Health is a global health company founded by doctors, scientists, and industry pioneers to create new possibilities for personal health and transform knowledge into better outcomes. Its core system connects medical knowledge with intelligent technology to help tens of millions of people actively manage their health and health systems to deliver more effective care.

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Ada Health’s powerful AI-based health assessment platform helps users better understand their mental and physical symptoms through a thorough series of questions based on clinically validated AI and protocols, and based on their responses, navigates them to the most appropriate available services and support. The platform’s medical knowledge covers an industry-leading range of symptoms and conditions, while the platform itself prioritizes user safety and accuracy and is designed to be as inclusive as possible.

The company also works with a range of leading health providers and organizations internationally to help direct users to the right care, support overburdened systems, and help manage diseases with the ultimate aims of improving health outcomes and delivering seamless end-to-end healthcare journeys.

About Groupe Mutuel
With over 2,800 employees across Switzerland, Groupe Mutuel serves more than 1.4 million individual customers and over 29,500 companies. As the only multiline insurer in Switzerland, Groupe Mutuel is the reference partner in the field of health and retirement benefits for private and corporate customers. Its turnover exceeds CHF 5.8 billion.

Thanks to tailored solutions, whether in basic insurance (LAMal/KVG) or supplemental insurance (LCA/VVG), it is the third largest health insurer in Switzerland. Groupe Mutuel also offers an extensive range of products in individual retirement benefits and patrimony insurance.

Based in Martigny, the insurer provides companies of all sizes with solutions for loss of earnings in the event of illness, accident insurance (LAA/UVG) and occupational pension plans (LPP/BVG). In the field of corporate health insurance, Groupe Mutuel is ranked fifth nationwide.

View original content:https://www.prnewswire.co.uk/news-releases/groupe-mutuel-integrates-ada-healths-ai-powered-care-navigation-into-their-member-experience-across-switzerland-to-support-personalized-streamlined-access-to-care-302296805.html

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AMPCO METAL Acquires Schmelzmetall Group to Expand Capabilities and Enhance Customer Offerings

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MARLY, Switzerland, Nov. 6, 2024 /PRNewswire/ —  AMPCO METAL, a global leader in copper-based alloys, is pleased to announce its acquisition of Switzerland-based Schmelzmetall Group, a renowned producer of high-performance copper alloys. This strategic acquisition strengthens AMPCO METAL’s position in the industry and expands its offerings to better serve customers across aerospace, defense, additive manufacturing, and other advanced applications.

With the integration of Schmelzmetall’s technology and expertise, AMPCO METAL can now deliver an even wider range of innovative solutions. Schmelzmetall is known for its specialized copper alloys, including Beryllium-containing powders and other high-purity materials, which offer unique advantages in demanding applications. Together, the combined companies are positioned to bring customers new capabilities and access to expanded technical resources.

Key Benefits for AMPCO METAL Customers

  • Expanded Additive Manufacturing Solutions: Schmelzmetall’s high-performance copper-based metal powders and advanced 3D-printing capabilities enable the production of custom components with exceptional precision. AMPCO METAL now invites customers to explore opportunities in additive manufacturing using these specialized materials.
  • Enhanced Offerings for Aerospace and Defense: Schmelzmetall’s vacuum-cast alloys offer superior reliability, with innovations in non-destructive testing that guarantee defect-free materials. These alloys are ideal for aerospace and defense applications requiring high chemical consistency and minimal porosity.
  • Advanced Welding and Casting Expertise: The integration brings additional technical know-how in resistance welding, high-pressure aluminum injection, and low-pressure casting, supporting AMPCO METAL’s commitment to offering industry-leading solutions in metal processing.

Seamless Integration for Uninterrupted Service

AMPCO METAL has begun integrating Schmelzmetall’s sales team, with completion anticipated by the end of the year. During this period, customers can expect the same points of contact and continued, uninterrupted service.

A Stronger Commitment to Quality and Innovation

“This acquisition aligns with our mission to deliver top-quality products and services that meet the evolving needs of our customers,” said Martin Lütenegger, Group CEO of AMPCO METAL. “We’re excited to build on Schmelzmetall’s legacy and bring new capabilities to our clients worldwide.”

For more information, please contact your AMPCO METAL representative or visit our website at www.ampcometal.com

Contact:
Jérémie Dalin
Group Head of Marketing
+41264399300 

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Cision View original content:https://www.prnewswire.co.uk/news-releases/ampco-metal-acquires-schmelzmetall-group-to-expand-capabilities-and-enhance-customer-offerings-302296613.html

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