Fintech PR
Alternative data budgets projected to rise in 2025, according to Neudata’s The Future of Alternative Data report
Neudata’s 2024 alternative data trends report covers AI integration, spending trends, hot datasets and more.
LONDON, Sept. 18, 2024 /PRNewswire/ — Alternative data purchasing budgets are projected to rise in 2025 after a strong 2024, according to Neudata’s The Future of Alternative Data report. The report is available for download here >
Key findings from the report include:
- Budget boom expected in 2025: A remarkable 95% of buyers anticipate maintaining or increasing their data budgets next year, while more than 70% of data vendors have already seen a surge in subscriptions in 2024. Two-thirds of vendors are optimistic about continued sales growth, signalling a bullish outlook for the sector.
- Big spenders are expanding portfolios: Data buyers are subscribing to an average of 20 datasets annually, with total spending averaging $1.6m per year. However, dataset subscriptions aren’t distributed equally – the industry’s largest firms subscribe to an average of 43 datasets, which dwarfs the average of eight datasets that firms with smaller budgets purchase.
- Pricing presents a hurdle, but datasets are sticky: While 62% of buyers cite high prices as the primary hurdle to adopting new data, loyalty to current subscriptions is unwavering. Over 90% of buyers retain their subscriptions once they’re on board, signalling that the value of alternative data outweighs the cost for those who’ve already bought in.
- What’s next in data demand: Expect data buyers to seek out more B2B data, data from emerging markets, transactional data and under-the-radar datasets in 2025. The appetite for cutting-edge insights is growing, and firms are eager to uncover new opportunities.
- AI takes centre stage: Artificial intelligence is no longer a buzzword — it’s embedded in the industry’s DNA. With nearly half of all vendors offering data that powers AI models, and only 15.5% of data buyer firms not yet using AI, the transformative potential of AI-driven analysis is shaping the future of alternative data.
“It’s no surprise to see the strong appetite for alternative data growing across industries, as more private equity/venture capital firms and consultancies join the hedge fund industry in discovering how valuable alternative data can be,” said Rado Lipuš, CEO and founder of Neudata. “We were heartened to see both data buyers and sellers expressing their enthusiasm for continued growth in our space, and we look forward to supporting their needs for more novel forms of data and a more frictionless data buying/onboarding experience in 2025.”
About The Future of Alternative Data survey: Neudata surveyed 157 respondents — 60 data buyers and 97 data providers — during June and July 2024. Over half of data buyer respondents followed quantitative investing strategies, but discretionary, credit and macro funds, as well as private equity and venture capital firms, were well represented in the data as well. We estimate the collective annual data budget of the buyers who responded to the survey to be around $100m per year. We estimate the total annual revenue of the data providers who responded at roughly $660m.
About Neudata: Neudata provides actionable, unbiased market intelligence to buyers and sellers of market and alternative data. Combining human-powered data scouting services and a cutting-edge technology platform, Neudata’s data expertise provides time- and money-saving insights for clients across the expanding data ecosystem.
Contact: Sondra Campanelli, [email protected]
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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