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Hong Kong’s first listed social responsibility index release “Hong Kong Main Board Listed Companies Social Responsibility Index”

Sodata Index, Blue Chip Sodata Index And Hang Seng Index
Vlad Poptamas

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On October 2, Rising Glory Financial limited company, with Sodata Analytics Foundation Association and LBS Communications Consulting Limited, jointly released the Hong Kong Main Board Listed Companies Social Responsibility Index Series, which establish a standardized and intuitive assessment method to quantitatively evaluate the company performance in social responsibility and governance.

With a number of social issues such as global warming, resource depletion and environmental pollution continuously emerging, more and more investors are aware of the impact of these non-financial factors on the operating stability and stakeholder values of the companies. Hence, Environment, Social Responsibility, Corporate Governance (“ESG”) factors have received extensive attention from the public. ESG is a standard used by investors to screen social-responsible investment targets and make investment decisions. The environmental factor examines the environmental protection concerns of companies; the social factor studies the ability of companies managing their relationship with the employees and communities around; corporate governance involves executive compensation, the corruption and litigation issues.

At present, international index developers have launched a number of ESG indices and derivative ETF investment products. The MSCI KLD 400 Social Index was created in May 1990 and is the world’s first ESG index. The most influential indices are the MSCI ESG Series Index (Global/US/Emerging Markets), the FTSE4Good Series Index, and The Dow Jones Sustainability Series Index. The ESG-themed fund is also part of the relevant investment products issued by the international mainstream fund companies. Among them, BlackRock’s MSCI US ESG ETF fund and Vanguard’s FTSE Social Fund are among the most famous.

Traditional ESG evaluation requires a lot of effort to study and evaluate environmental governance and business management of different companies from different industries, and it is difficult to give a standardized evaluation through a uniform method. In addition, many aspects of ESG, such as environmental indicators, employee management indicators, etc., are mandatory indicators. Only the social responsibility is a voluntary one, which we see as an alternative useful indicator to reflect corporate social responsibility. For example, many companies will voluntarily invest a lot of human and financial resources into environment, education, health care and other charitable causes.

The Hong Kong Main Board Listed Companies Social Responsibility Index (Sodata Index) selects 100 stocks from the underlying stocks in Hong Kong’s main board with higher social score ratings as index components. The social score rating consists of RGF self-developed evaluation factors such as the amount of donations, the growth rate of donations and the coefficient of sustainable donations which is the measurement of the implementation of charitable activities by enterprises on a continuing basis. The coefficient is based on the performance of the enterprise’s continuous contributions on an exponential weighted average basis, thus reflecting better scoring for enterprises with sustainable contributions. The Hong Kong Blue Chip Listed Companies Social Responsibility Index (Blue Chip Sodata Index) selects the constituent stocks of the Hong Kong Hang Seng Index as index components and adjusts the market capitalization weight according to the social score ratings.

As the first index based on the social score rating of listed companies in Hong Kong, the Sodata index started on June 2, 2015 as the base date, with a base point of 1,000 points. Comparing the performance of the Sodata Index, since June 2, 2015, the Sodata Index has increased by 7.08%, while the Hang Seng Index has fallen by 5.45%. Since January 2, 2019, the Sodata Index has fallen by 2.94%, and the Hang Seng Index has risen during the same period 3.83%. Comparing the performance of the Blue Chip Sodata Index, since June 2, 2015, the Blue Chip Sodata Index has increased by 18.10%. Since January 2, 2019, the Blue Chip Sodata Index has increased by 2.48%.

Michael Yip, one of the founders of the Sodata Analytics Foundation Association, said: “ESG is the new darling of the current investment community. In 2018, almost a quarter of global funds has adopted ESG standards for investment decisions. As ESG and related regulations become more sophisticated, ESG Investment has a huge positive effect on the market, companies, investors and government regulators. According to the Hong Kong Sodata Analytics Foundation research, the top 100 corporate social responsibility (CSR) in the past three years, has demonstrated a relatively high return on alpha and lower volatility. It is believed that the Sodata Index would be a better tool to track the stock movements of companies with higher social responsibility in the Hong Kong main board market.”

Joanne Chan, Managing Director of LBS Communications Consulting Limited, said: “The Principles for Responsible Investment (PRI) supported by United Nations reflect the relationship between ESG and the capital markets, and provides a framework for global investors to make a long term and sustainable investment decision. It also facilitates the development of a stable capital market. PRI is in line with the long-term interests of investors and global capital markets. It is also in line with the long-term interests of environmental and societal causes, a redefinition of current investment behavior. The ESG investment concept is gradually gaining widespread recognition from global asset owners, investment institutions, regulators and other investors. According to UN PRI data, as of August 2018, more than 2,000 organizations around the world signed up with assets of more than 80 trillion US dollars. PRI has had a profound impact on the long-term and sustainable development of capital markets. ”

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Global Digital B2B Payments Market: Size, Trends & Forecasts (2020-2024)

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Dublin, Feb. 18, 2020 (GLOBE NEWSWIRE) — The “Global Digital B2B Payments Market: Size, Trends & Forecasts (2020-2024)” report has been added to ResearchAndMarkets.com’s offering.
This report provides an in-depth analysis of the global digital B2B payments market, with a detailed analysis of market size and growth. The report provides an analysis of the digital B2B payments market by value and by modes.The global digital B2B payments market has observed stable growth in the past few years and the market is further expected to rise at an affirmative rate during the forecasted period (2020-2024). The growth of the global digital B2B payments market would be bolstered by the growth drivers such as growing real-time payments, increasing adoption of cloud-based solutions, escalating smartphone penetration, emerging B2B e-commerce industry, swelling business process automation, rising urbanization, increasing cross border payments, etc.The major players dominating the digital B2B payments market are Alibaba Group (Ant Financial), American Express, Bottomline Technologies Inc., and Coupa Software Inc. The four companies have been profiled in the report providing a detailed analysis of their financial information and business strategies.Key Topics Covered: 2. Introduction
2.1 Payments: An Overview
2.2 B2B Payment: An Overview
2.3 History of B2B Payments: An Overview
2.4 B2B Payments End-User: An Overview
2.5 Digital Payments: An Overview
2.6 Process of Invoice to Payment Automation
2.7 Streams of Digital B2B Payments: An Overview
For more information about this report visit https://www.researchandmarkets.com/r/ejgrq0Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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Hitting $12B in AUM, Carson Doubles Down on Cutting Tech Costs for Partners

Vlad Poptamas

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Carson Group, one of the fastest growing financial services firms in the country, announced that as of April 1, 2020, Carson will cover technology costs for all partner firms—encompassing software platforms Salesforce, Orion, Smarsh and Egnyte. eMoney will also be covered as of May 1, 2020. Instead of spending time and money evaluating and adopting technology, wirehouse advisors, IARs and RIAs in the Carson Partners network can now, more than ever, focus on what matters and maximize the value they deliver to the families they serve.

Carson President Teri Shepherd said, “Reaching $12 billion AUM is a testament to our advisors and their dedication to serving nearly 32,000 families across the United StatesWe want our partners to have the resources to continuously reinvest in optimization and growth. Paying for the tech stack is the latest example of our commitment to helping advisors serve their clients while empowering them to focus on being the CEO of their business.”

Carson Group had unveiled plans to eliminate the financial burden on advisor businesses leveraging the Carson CX (client experience) at its flagship industry-wide Excell conference in Chicago in May 2019. Plans for discounted services and direct cost savings to partners were among the key messages shared during Carson’s Partner Summit that takes place during Excell each year. The team announced zero costs on Orion Advisor Services fees within advisory accounts, which averaged a savings of more than $22,000 per advisor firm.

Bob Huntley, Founder and Wealth Advisor of Texas-based Carson partner firm Wise Counsel Wealth Management said, “I cannot tell you how exciting it is to be part of this movement Ron Carson has built. I am already making plans to reinvest 100 percent of the savings back into growth this year.”

This commitment to eliminating tech costs is the latest in an ongoing rollout of Carson CX (customer experience) releases and technology enhancements to help make complex issues simple for advisors and investors across the country. Over the past year, the organization has rolled out several value-added advisor services and support to its ecosystem, including an expanded brokerage solution, M&A consulting to help its advisors grow their practices, succession planning, and cash management options through its partnership with Galileo Money+, a new mobile-only banking service, available exclusively through financial advisors.

Carson Group serves advisors and investors in more than 120 partner offices across the country, including 24 Carson Wealth offices. In addition to being a mainstay in the Barron’s annual list of top wealth management firms, Carson Group remains among the Inc. 5000 list of America’s fastest-growing companies, has been recognized for two consecutive years by InvestmentNews as a top-50 firm for Best Places to Work for Financial Advisors, and was recently awarded a Best Places to Work in FinTech by American Banker.

 

SOURCE Carson Group

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Rapyd and Visa Team Up to Drive Adoption of Fintech Services for Businesses Around the World

Vlad Poptamas

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Photo source: emq.com

 

Rapyd, a global B2B Fintech as a Service provider, today announced a new agreement with Visa (NYSE:V) that will help Rapyd expand its worldwide business operations. Rapyd will collaborate with Visa to offer fintech and payment  services where both firms see opportunities to help businesses expand their core offerings with more expansive local and cross-border market solutions.  Additionally, Rapyd will join Visa’s Fintech Fast Track programs as an enablement partner to drive its speed to market for Fintechs through a variety of Visa payment solutions. Rapyd has become a Visa issuer in the UK and plans to expand its issuing and acquiring footprint in other key regions over time.

Rapyd’s unified cloud-based platform helps businesses quickly integrate Fintech and payment capabilities into any commerce application. eCommerce merchants, gig economy platforms, financial institutions, and technology providers are all looking to enable highly localized customer experiences around the world, a challenge Rapyd solves by delivering the full stack of fintech services through a single integration.

For instance, as part of this new relationship with Visa, Rapyd can instantly issue a virtual Visa card that can be utilized by a gig-economy worker in Latin America to purchase goods on behalf of the platform, or disburse funds to a worker on a Visa card in Asia-Pacific, all from a single integration on the Rapyd platform.

Sarel Tal, Vice President, EuropeMiddle East and Africa (EMEA) at Rapyd noted, “As businesses look for global expansion opportunities they must contend with the complexity of integrating local and cross-border payment capabilities, including collections, disbursements, and card-based solutions. Now Rapyd can leverage Visa’s offerings — Visa Direct for real-time funds transfers, Visa Token Services for secure digital payments, and Visa’s issuance capabilities –  to enhance Rapyd’s core issuing and acquiring services, unlocking simple, relevant payment experiences for these businesses globally.”

Visa and Rapyd are particularly excited to work together in key European markets, which are poised for cross-border ecommerce growth. In 2018 cross-border ecommerce revenues reached € 137 billion in Europe, a 22.8% share of total online sales (EU16)1. Additionally, European cross-border marketplaces are set to grow by more than 50 percent increasing the need for innovative payment acceptance methods for customers and disbursement solutions for marketplace sellers2.

“Rapyd’s platform helps fintechs, merchants and marketplaces stand up payment-related services quickly and easily across multiple markets,” said Matt Dill, global head of strategic partnerships and venture, Visa. “We’re excited about our collaboration with Rapyd, and the many benefits we can provide to our mutual partners worldwide.”

 

SOURCE Rapyd

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