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Confidence high as middle-market executives expect double-digit growth

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Despite forecasts of economic headwinds ahead and increasing geopolitical uncertainties, many middle-market companies are still bullish about their growth prospects, according to the 20th edition of the EY Global Capital Confidence Barometer (CCB), a biannual survey of more than 2,900 executives across 47 countries.

Fifty-eight percent of middle-market executives surveyed said that their companies expect double-digit growth in 2019 – more than double the percentage in 2018 (27%), with 91% expecting global and domestic economic growth to increase over the next 12 months and 83% confident about corporate earnings, short-term market stability and credit availability.

Smaller middle-market companies (between US$100m and US$250m in revenues) display even higher levels of confidence, with 71% anticipating double-digit growth and 42% of those expecting growth rates of 16% or more over the coming year. In contrast, for the biggest middle-market segment (US$1bUS$3b in revenues), the numbers are 52% and 12%, respectively.

However, for all their confidence in growth opportunities in 2019, middle-market executives acknowledge that there are also risks. While the percentage of middle-market executives concerned about a slowdown in economic activity impacting their growth plans has dropped (from 42% in 2018 to 33% in 2019), executives still see it as a top priority risk, followed by geopolitical risk (19%) and supply chain disruption (19%).

Geographically, confidence has shifted westwards in the past year, with 80% of US-based and 57% of European-based middle-market companies expecting double-digit growth over the next 12 months. Where Asia-Pacific led the way for growth opportunities in 2018, only 39% of middle-market executives in the region have double-digit growth expectations for 2019.

Ryan Burke, EY Global Growth Markets Leader, says:

“Against a backdrop of ongoing geopolitical tensions, trade issues among the US, China and Europe, as well as uncertainty as to how the UK will leave the European Union, middle-market executives remain hugely optimistic in their growth outlook and are taking advantage of ongoing global and local economic growth as well as strong macroeconomic fundamentals. Middle market companies see strong opportunities in leveraging M&A, and the use of technology to gain a competitive edge.”

M&A appetite is strong among middle-market executives

The appetite for global mergers and acquisitions (M&A) is strong, with 47% of middle-market executives expecting their companies to pursue M&A over the next 12 months, and 90% anticipate that the M&A market will improve during the same timeframe.

The UK remains a significant investment destination for middle-market executives, despite its intention to leave the European Union, and ranks second globally behind only the US. The remaining top five investment destinations of choice for middle-market executives are GermanyChina and France.

In terms of sector focus, technology companies (54%) have the biggest appetite for deal making, followed by telecommunications (49%) and industrials (49%).

Technology investment still key to middle-market growth ambitions

To improve their agility and resilience against risks that could negatively impact their growth plans, almost all middle-market companies (97%) indicate that they are planning significant investments in technology in the year ahead.

The past two years have seen been a dramatic shift in attitudes towards new technology. In 2017, 74% of middle-market executives said they would never adopt robotic process automation. However, in 2018, 73% of executives said they were already adopting or planning to adopt artificial intelligence (AI) within two years. This year, 71% say they are planning to develop and deploy AI in-house.

The emphasis on technology investment is spread across multiple priorities — creating new products and services, improving internal efficiencies, enhancing the customer experience and improving data access and analysis. However, risk reduction (including cybersecurity) is a stand-out priority for investment. In 2018, only 7% of middle-market executives said they would be investing in technology that reduced risks, while this year that percentage has more than doubled, with 19% now looking to invest in technologies that can help them manage and mitigate risk.

Burke says:

“Looking ahead, we anticipate that middle-market executives will focus on achieving their ambitious growth plans through a combination of seizing fast-growth opportunities through M&A, and strengthening financial discipline, managing their supply chains and implementing AI. In finding the right balance between growth and investment, middle-market companies can achieve growth, improve agility and build resilience while navigating the uncertain times ahead.”

 

SOURCE EY

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DNA Behavior International Takes its API to the Next Level by Enabling it with AI

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For some time now DNA Behavior has been using its API to help a variety of organizations quickly “plug in” its behavioral chip to discover and leverage behavioral insights already within their people and systems. Now, DNA Behavior is taking that effort to the next level, by leveraging a suite of enterprise-ready AI services, applications, and toolsets to accelerate the adoption of behavioral insights across large financial services enterprises.

“Banks and large wealth management firms are leveraging behavioral finance to gain a competitive edge,” says Hugh Massie, CEO of DNA Behavior International. “To date, behavioral finance initiatives have been pinpointed and targeted toward specific client and employee groups. By utilizing AI and additional apps and toolsets, DNA Behavior is poised to implement the worlds’ largest behavioral finance initiatives for banks and wealth management firms. In short, rapid application of BeFi across larger organizations.”

DNA Behavior’s focus and specialty is revealing 200+ behavioral insights and the action steps needed to aid employees and clients in investing, working, spending and living smarter. Leveraging these additional technologies in addition to DNA’s API help meet industry demands to create rich omnichannel experiences by applying behavioral insights to enterprise-wide datasets.

“We’re using linguistic analytics to deepen our – and our clients’ – understanding of individual’s personality characteristics,” Massie says. “The linguistic and tone patterns individuals use in their speech or written communication have inherent connections to their instinctive behaviors. Revealing these linguistic and tone patterns will aid in DNA Behavior’s core offering, which is validated, robust, consistent and practical behavioral insights and customized experiences they can “plugin” to their own systems. These latest additions amp up that offering, expanding the possibilities, both in terms of speed and volume,”

As examples of its new AI-enabled API, Massie offers three scenarios:

  • Use natural language recognition capabilities to discern the intent of what a user is saying, to respond to inquiries and requests. The problem is, most chatbots and automated support systems use a one-size-fits-all approach to respond to inquiries. DNA is powering current technologies to customize these existing engagements at scale.
  • Measure emotions, fears and excitement for investors and relaying this intelligence to advice teams along with the communication steps and a playbook to behaviorally manage clients.
  • Use linguistic analytics to infer individuals’ personality characteristics, from digital communications such as email, blogs, tweets, and forum posts. This enables an organization to better parse a user’s inclination to create a customized marketing playbook for each client. Organizations armed with this information will optimize their marketing spend for steak dinners, theater tickets, gifts and professional sporting events.

 

SOURCE DNA Behavior International

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Post-fundraising update: YouTrip Secures Principal Licence From Mastercard To Fuel Rapid Growth in Singapore

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YouTripSingapore’s first multi-currency mobile wallet with a prepaid Mastercard, has announced that it has secured a Principal Licence from Mastercard and will be assuming the primary role of issuer and stored value facility holder of YouTrip accounts. This will allow YouTrip to deliver improved and additional features directly to its users, as well as enable it to provide a more robust and dedicated payment security setup in anticipation of The Payment Services Act targeted to commence in 2020.

Having partnered with Mastercard and EZ-Link to launch in Singapore in August 2018, YouTrip will be taking over the role of issuer and holder of stored value accounts from EZ-Link while continuing the current brand partnership. This is part of YouTrip’s wider ambitions to develop its platform and new features for its users, as it readies itself for expansion. Since YouTrip announced its record pre-Series A fundraise earlier this year, it has doubled the number of app downloads to over 400,000 from 200,000 in May and grown its team beyond 100 people across its offices in Singapore and Hong Kong.

Caecilia Chu, co-founder and CEO of YouTrip said, “We have come a long way since we launched a year ago. The tremendous support we have received from our users is truly humbling, and also a testament to their belief and confidence in our mission to transform overseas travel spending. Securing a Principal Licence from Mastercard marks another significant milestone in our growth journey as it will allow us to operate and deliver additional features directly to our users, as well as accommodate more sign-ups. As the regional fintech space continues to develop dynamically, this licence will provide the ideal springboard for the development and expansion plans we have in the pipeline.”

YouTrip also recently obtained a remittance licence from MAS to cater for future product development. This will be key to its expansion plans as more regulators identify fintech as a major growth area and introduce progressive policy measures to facilitate innovation and the broadening usage of such services.

 

SOURCE YouTrip

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POS Terminal Market to Soar Owing to Massive Demand for Cost-Effective Technologies to Manage Payment Systems by 2023: Radiant Insights, Inc.

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Global POS Terminal Market is anticipated that the market will witness a higher CAGR during the forecast period. Retail payment systems account for an essential position in the smooth functioning of any economy. In the past years the growing popularity of the device across different verticals is enabling the industry growth. Inception of cloud technology and related benefits are more likely to deliver robust technology for payment systems in the near future. Further, major development in the POS device such as size and technology compatibility for small-scale business, and greater flexibility.

Driving factors comprise massive demand for cost-effective technologies to manage payment systems within different verticals. POS terminal offers convenience and features in various application segments. In addition, the proliferation of smartphones and modernization of app technology provide payment service to customers in the consumer market is adding more.

In addition, inception of big data backed by software which is integrated with other software systems is contributing more to the utility value. Hence, greater CRM functionality aligned with customer relations and the use of predictive analysis for client and customers in the B2C space accounts for a massive growth during the forecast period.

Download PDF to know more details about “Global POS Terminal Market” Report 2023.

Fixed and wireless POS form as product segments while hardware and software form the component category for POS terminal market. The Asia Pacific dominates the global scenario owing to the vast presence of customer base and digitalization of payment technologies at large. In addition, inception of start-up technology in India and China acts as a catalyst in strengthening the industry growth in APAC.

The key players are Mswipe Technologies Pvt Ltd, Shenzhen Xinguodu Technology Co Ltd, SMIT Fintech Co Ltd, Fuijan Newland Payment Technology Co Ltd, SZZT Electronics Shenzhen Co Ltd and VeriFone Holdings Inc.

The ‘Global POS Terminal Market Outlook 2018-2023’ offers detailed coverage of POS terminal industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading POS terminal producers to provide exhaustive coverage of the market for POS terminal. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.

The report has been prepared based on an in-depth market analysis with inputs from key industry participants. The global POS terminal market has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., FranceGermanyRussia, and others), Asia-Pacific (ChinaJapanIndiaAustralia, and others), South America (BrazilArgentina, and others), and Middle East & Africa (South AfricaSaudi Arabia, and others). Furthermore, the report also includes an in-depth competitive analysis of the key vendors operating in this market.

Access 143 page research report with TOC on “Global POS Terminal Market” available with Radiant Insights, Inc. @: https://www.radiantinsights.com/research/global-pos-terminal-market-outlook-2018-2023

Market Segmentation:

  • Key Regions
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  • Key Vendors
    • Fujian Newland Payment Technology Co., Ltd.
    • Mswipe Technologies Pvt Ltd
    • Shenzhen Xinguodu Technology Co., Ltd.
    • SMIT Fintech Co., Ltd.
    • SZZT Electronics Shenzhen Co., Ltd.
    • VeriFone Holdings, Inc.
  • Key Questions Answered in This Report
    • Analysis of the POS terminal market including revenues, future growth, market outlook
    • Historical data and forecast
    • Regional analysis including growth estimates
    • Analyzes the end user markets including growth estimates.
    • Profiles on POS terminal including products, sales/revenues, and market position
    • Market structure, market drivers and restraints.

Browse reports of similar category available with Radiant Insights, Inc.:

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