Fintech PR
European product recalls break records for fifth consecutive year in 2023
Sedgwick brand protection releases year-in-review analysis of 2023 European recall data
LONDON, Feb. 22, 2024 /PRNewswire/ — European product recalls increased for the fifth consecutive year in 2023, recording 12,498 total events. According to Sedgwick brand protection’s 2024 European State of the Nation Recall Index report, this represents an 18.5% increase over the previous record of 10,545 events, which was set in 2022.
Sedgwick’s quarterly Recall Index report analyses data from the UK and EU automotive, consumer product, food and drink, pharmaceutical, and medical device industries. This special edition delves deeper to provide a comprehensive year-in-review analysis of 2023 recall data and product safety trends. The surge in European product recalls experienced in 2023 was driven by an increase in events in the consumer products (+49.1%), medical device (+20.0%), pharmaceutical (+7.7%), and food and drink (+7.0%) industries. Even though the automotive industry saw fewer recalls than it did in 2022 (-3.3%), 2023 still recorded the second-highest number of total events in the past ten years.
Beyond the recall data and analysis, this report also provides essential insights into the regulatory developments and predictions that stakeholders should look out for in 2024. Regulators across the EU and UK are continuing to enact layers of regulations to protect the environment as well as public safety, as seen in 2023 with the EU Batteries Regulation and proposed Ecodesign for Sustainable Products Regulation. Companies will need to be aware of not only their own actions but the operations and practices of their entire supply chain. Moreover, consumers are increasingly demanding greater transparency and information regarding product manufacturing and advertising, prompting regulators to introduce new measures addressing advertising and labelling practices.
In addition, there is increased enforcement against anticompetitive behaviour and cartel activity across sectors and geographic borders. Simultaneously, the EU is in the process of modernising existing regulations, while the UK builds its own regulatory framework independent of the EU. Against this backdrop, numerous ongoing global economic and political challenges persist, adding further complexity to the risk landscape.
“2024 is shaping up to be a busy year for regulatory activity, and industry stakeholders can expect to see more regulator and consumer scrutiny of product safety and the practices of businesses throughout the entire product lifecycle,” shared Chris Occleshaw, International Product Recall Consultant at Sedgwick. “Amidst a complicated risk landscape rife with evolving challenges, businesses should take time to create a strategic and well-practiced plan for addressing product recalls and in-market challenges.”
To download the latest Sedgwick Recall Index report, visit Sedgwick brand protection’s European 2024 State of the Nation Recall Index page.
The Sedgwick brand protection Recall Index is published every quarter. It is the only report that aggregates and tracks recall data across the UK and EU to help industry stakeholders navigate the regulatory environment, product recalls, and other in-market challenges. For more information, visit https://www.sedgwick.com/brandprotection.
About Sedgwick
Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. The company provides a broad range of resources tailored to clients’ specific needs in casualty, property, marine, benefits, brand protection and other lines. At Sedgwick, caring counts; through the dedication and expertise of 33,000 colleagues across 80 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact performance. Sedgwick’s majority shareholder is The Carlyle Group; Stone Point Capital LLC, Caisse de dépôt et placement du Québec (CDPQ), Onex and other management investors are minority shareholders. For more, see sedgwick.com.
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Fintech PR
IBN Technologies LLC Steps in to Support Clients After Bench Accounting’s Unexpected Closure
MIAMI, Dec. 30, 2024 /PRNewswire/ — Businesses and industries are currently facing the challenge of finding a reliable partner to manage their financial needs due to recent developments. It is crucial for them to search for trustworthy solutions that can ensure financial stability during this uncertain time. Exploring reviews and seeking bench accounting alternative accounting services have become priorities for businesses aiming to maintain uninterrupted financial operations. Partnering with a dependable and efficient service provider is essential for sustained success.
IBN Technologies LLC emerges as a trusted solution, offering comprehensive and customized financial support to businesses across industries. Specializing in outsourced bookkeeping and accounting services, IBN ensures a seamless transition for those affected by recent changes. With decades of experience, the company delivers precision, reliability, and tailored financial strategies to meet the unique needs of each client.
Searching for Bench Accounting alternatives?
IBN Technologies LLC offers seamless outsourcing bookkeeping services to keep your business running smoothly.
Get 30-Minute Free Consultation: https://www.ibntech.com/free-consultation/?pr=prnewswire
A Wide Range of Financial Services Designed for Success
IBN Technologies provides a full spectrum of services to meet the diverse needs of today’s businesses, such as:
- Accurate Bookkeeping: Delivering dependable financial management tailored to meet the dynamic needs of businesses, ensuring precision and timely execution.
- Expert Tax Preparation: Providing compliance-driven, strategic tax solutions designed to maximize deductions and unlock greater savings.
- Effortless Payroll Solutions: Offering streamlined and hassle-free payroll services to ensure seamless employee compensation and operational efficiency.
- Strategic Financial Consulting: Empowering businesses with actionable insights and tax strategies to drive smarter decisions and sustainable growth.
The Impact on the Growth Market
At IBN Technologies, we understand the crucial role that bookkeeping accounting services play in helping businesses make informed decisions, plan for the future, and achieve sustained growth. We recognize the challenges that arise when a trusted provider like Bench Accounting suddenly ceases its operations, leaving businesses in a state of uncertainty.
We are here to ensuring that your reporting deadlines are met, tax compliance is maintained, and operational bottlenecks are minimized.
With our comprehensive range of bookkeeping accounting services, we provide the expertise and guidance necessary to navigate through these disruptions. Our dedicated professionals will work closely with you to understand your unique requirements and tailor our solutions accordingly.
IBN Technologies LLC: A Trusted Partner for the Growth Market
IBN Technologies LLC is committed to helping businesses navigate these turbulent times with tailored financial services. With expertise in outsourced bookkeeping and accounting services, IBN provides scalable solutions designed to meet the dynamic needs of growing companies.
“We understand how vital accurate and timely financial management is for businesses in the growth market,” says Ajay Mehta, CEO of IBN Technologies LLC. He believes that “IBN Technologies team is here to ensure that companies not only recover from this disruption but also emerge stronger, with systems and processes that are built for resilience and success.”
Read or E-book:
Catch-Up Bookkeeping: A Step-by-Step Guide to Financial Clarity & Tax Success
Why Choose IBN Technologies LLC?
- Seamless Onboarding: IBN ensures a smooth transition, minimizing downtime and ensuring uninterrupted financial operations.
- Customized Solutions: From startups to medium-sized businesses, IBN customizes its bookkeeping and accounting services to align with each client’s unique needs.
- Growth-Focused Support: IBN helps businesses scale with confidence by providing insights and strategic advisory services that drive financial clarity.
As businesses in the growth market face this period of change, IBN Technologies LLC offers the stability and expertise needed to turn challenges into opportunities. With IBN as a trusted partner, businesses can focus on what matters most achieving their growth ambitions.
Why Choose IBN Technologies LLC?
IBN Technologies LLC combines advanced technology with a client-first approach to deliver reliable, tailored financial solutions. With a skilled team and a commitment to excellence, businesses can trust IBN to provide the stability and support needed to navigate challenges and thrive.
Our expertise allows us to deliver innovative, customized solutions that align with each client’s goals. “We ensure our clients’ operations run smoothly, no matter the obstacles,” said Ajay Mehta, CEO of IBN Technologies LLC.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in outsource bookkeeping services, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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Fintech PR
IBN Technologies Steps Up to Support Small Businesses Following Bench Accounting’s Sudden Shutdown
MIAMI, Dec. 30, 2024 /PRNewswire/ — The unexpected closure of Bench Accounting has left thousands of small businesses scrambling to find reliable financial and accounting outsourcing services. This sudden disruption has created a significant gap, leaving many businesses without the external support they once relied on. Announced under the leadership of Bench’s CEO, the closure has forced countless organizations to seek dependable alternatives to manage their financial operations effectively.
In response to this void, IBN Technologies LLC, a global leader in finance and accounting outsourcing, is stepping up to provide tools, expertise, and support small businesses need. With their proven track record and tailored solutions, IBN Technologies ensures that businesses can maintain financial stability and focus on growth during this challenging time.
IBN technologies are a Bench Accounting Alternative
With over 25 years of experience delivering cutting-edge finance and accounting solutions, IBN Technologies is uniquely positioned to provide comprehensive support for businesses impacted by this industry disruption. The company’s scalable and technology-driven services are designed to empower small businesses, enabling them to overcome challenges and achieve long-term stability.
“At IBN Technologies, we empathize with the concerns of small businesses following the recent closure of Bench Accounting,” stated Ajay Mehta, CEO of IBN Technologies. “Our utmost priority is to stand beside these businesses as a reliable partner, offering them the necessary financial expertise to overcome their challenges and forge ahead with confidence.”
Take control of your finances today! Book a free 30-minute consultation with our experts – https://www.ibntech.com/free-consultation/ ?pr=prnewswire
Comprehensive Solutions Customized to Small Businesses
IBN Technologies offers a comprehensive suite of finance and accounting services customized to meet the unique needs of small businesses, including:
- Bookkeeping and Accounting: Seamless bookkeeping services to maintain accurate, compliant financial records effortlessly.
- Payroll Management: Precision payroll processing customized to the specific needs of your workforce.
- Tax Preparation and Filing: Expert assistance to ensure tax compliance while maximizing savings.
- Virtual CFO Services: Strategic financial planning and insights without the cost of a full-time CFO.
- Financial Reporting and Analysis: Real-time insights into financial performance to support smarter, informed decisions.
Rebuilding Confidence in Financial Management
Rebuilding confidence in financial management begins with IBN Technologies. They provide expertise and tools that are needed to streamline business processes, ensure accuracy, and take full control of your finances. Trust IBN Technologies customized solutions to bring stability and drive growth for your business.
“Our mission is to simplify financial management for small businesses while delivering unmatched value,” added by Ajay Mehta. “During this challenging time of Bench Accounting crunch base, we want to extend our unwavering support to all affected businesses. At IBN Technologies, we are committed to being your guiding light throughout this journey, providing the assistance you need at every step.”
About IBN Technologies
With 25 years of industry experience, IBN Technologies has established itself as an outsourcing specialist serving clients across the United States, United Kingdom, Middle East, and India. The company’s solutions adhere to rigorous international standards, including AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standard. Their comprehensive service portfolio encompasses IT, KPO, and BPO outsourcing services, specializing in finance and accounting solutions for CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries.
For businesses seeking to optimize their financial operations through AP automation, IBN Technologies provides expert guidance and support throughout the digital transformation journey, ensuring seamless integration and maximum operational efficiency.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA: IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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SINGAPORE, Dec. 30, 2024 /PRNewswire/ — Matrixdock, Asia’s real-world asset (RWA) tokenization leader, announces the integration of its flagship gold token, XAUm, with Binance Wallet, one of the world’s leading digital asset wallets. This development builds on previous integrations with centralized exchange Web3 wallets like OKX and crypto wallets like MetaMask, reinforcing Matrixdock’s commitment to making gold investments more secure, efficient, and accessible for hundreds of millions of global users.
At the core of this integration is XAUm, a token fully backed by London Bullion Market Association (LBMA)- accredited gold bars with a minimum fineness of 99.99%. Each XAUm token represents one troy ounce of gold. These gold reserves are securely stored in Brink’s vaults in Hong Kong and Singapore, offering token holders the option to redeem XAUm for physical gold.
Purpose-built for Web3 compatibility and the multi-chain ecosystem, XAUm seamlessly blends blockchain innovation with user-centric design. Its robust proof-of-reserve transparency, efficient multi-chain reserve management, and enhanced interoperability inspire trust and elevate gold from a static asset to a dynamic, multifunctional financial instrument in the digital economy.
This integration with Binance Wallet builds on previous developments within Binance’s ecosystem, including decentralized exchanges and lending platforms. The goal is to make XAUm a benchmark for modern gold investments, providing an efficient and trusted solution that redefines asset efficiency and financial equality.
Binance Wallet enhances this vision by offering a secure and intuitive entry point to Web3. Users can manage digital assets, perform cross-chain token swaps, and earn yields effortlessly. With a simple setup process via the Binance app, the wallet eliminates the need for seed phrases or private keys, furthermore, it utilizes Multi-Party Computation (MPC) technology to enhance secure transactions.
Through this integration, individuals worldwide are able to buy, own, and trade gold conveniently with a mobile device. By leveraging Web3 technology and the multi-chain ecosystem, Matrixdock and Binance Wallet set a new standard for modern gold investments, driving financial equality and innovation.
About Matrixdock
Founded in February 2023 by Matrixport, Matrixdock is Asia’s RWA leader that modernizes financial instruments through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, earned the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions. In 2024, it launched a one-of-a-kind Tokenized Gold token, XAUm, modernizing traditional gold investment into a dynamic, multifunctional digital asset.
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View original content:https://www.prnewswire.co.uk/news-releases/matrixdock-integrates-xaum-gold-token-with-binance-wallet-to-advance-financial-equality-302340189.html
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