Thursday, July 25

Business

Business

Strategies for Revenue Growth with Embedded Finance

In an era of unprecedented digital transformation, traditional business models are rapidly evolving to embrace the concept of embedded finance. Embedded finance refers to the integration of financial services directly into non-financial platforms, opening up new avenues for revenue generation and customer engagement. By offering seamless access to banking, payments, lending, and other financial tools, companies can enhance their user experiences and tap into innovative strategies for monetization. In this article, we’ll explore the strategies that businesses can employ to monetize their platforms through embedded finance, driving sustainable revenue growth. Subscription-Based Models: Unlocking Recurring Revenue Streams Subscription-based models have proven to be a successful monetiz...
Top reasons to adopt Banking-as-a-Service
Business

Top reasons to adopt Banking-as-a-Service

Banking-as-a-Service (BaaS) has emerged as a game-changing solution for businesses aiming to introduce financial services in their offerings without incurring high setup costs. BaaS has disrupted the banking industry by allowing companies to leverage established financial institutions’ expertise while focusing on their core competencies. In this article, we will explore some of the top reasons why businesses should consider adopting BaaS, from cost savings to enhanced customer experience and flexibility. Learn how BaaS can help revolutionize your business’s financial strategy. Banking as a Service Explained Banking as a Service (BaaS) is an increasingly popular industry term that refers to a cloud-based system where third-party companies can build and provide their own financi...
Turnover Moderna Takes a Dive Due to Falling Demand for Corona Vaccines
Business, News

Turnover Moderna Takes a Dive Due to Falling Demand for Corona Vaccines

Biotech company Moderna feels the effects of falling demand for its COVID-19 vaccine. As a result, the group announced on Thursday that quarterly revenue fell 70 percent from last year. Nevertheless, the result is much better than analysts had expected. The Corona vaccine is so far the only Moderna product with market approval. Despite falling demand for it, the company still made a small profit of $79 million, a fraction of its $3.7 billion quarterly profit a year earlier. Experts had expected a loss. Much of the revenue was due to delayed deliveries of vaccines that Moderna was supposed to sell in 2022. However, for the rest of this year, the pharmaceutical giant expects to achieve at least $ 5 billion in sales with the vaccine. In the future, Moderna wants to focus more on...
Price Increases Help PepsiCo to Increase Sales and Profit
Business, News

Price Increases Help PepsiCo to Increase Sales and Profit

US soft drink and snack maker PepsiCo has raised its profit and sales forecast for this year, helped by strong results in the first quarter. Although food prices are getting increasingly expensive, demand hardly decreased, according to PepsiCo. As a result, the company could compensate for the rising costs with price increases. On average, products such as Pepsi, 7Up, Lay's chips and Quaker granola became 16 percent more expensive in the past quarter. "We don't expect commodity prices to fall for us, but the inflation rate will slow down somewhat during the year," finance director Hugh Johnston told Reuters news agency. Large food companies have been raising their prices for some time to absorb the sky-high costs. As a result, they face higher costs for wages, aluminium for c...
Lifetime Free Repair Nintendo Switch Controllers
Business, Japan, News, Tech

Lifetime Free Repair Nintendo Switch Controllers

Nintendo will repair broken Switch controllers for free for a lifetime. In addition, the Japanese games group offers free repair of all drift or response problems of the Joy-Con controllers, even after the normal manufacturer's expired warranty. An agreement has been reached on this with the European Commission and consumer organizations, the committee reports and also confirms the regulator Authority for Consumers and Markets (ACM). The consumer clubs sounded the alarm in Brussels about recurring technical problems with Nintendo Switch after receiving almost 25,000 consumer complaints until January 2021. There was a loss of control when playing games on the game computer. The game character moved without touching the controller joysticks anyway. The problem with Joy-Con control...
Reuters: Italy Comes With Billions for Energy Compensation
Business, Europe, Italy, News

Reuters: Italy Comes With Billions for Energy Compensation

Italy is preparing a package of measures worth €5 billion to compensate Italian residents and businesses for high energy prices. Two government sources from the country say this to the Reuters news agency. Rome mainly wants to reassess and extend existing measures. The cabinet is expected to approve the measures next Tuesday. Among other things, the Italian cabinet wants to continue to provide financial support to low-income households until June, and companies will have to pay less tax. The country previously released 21 billion euros for this for 2023. The Italian Ministry of Finance expects to be able to pay for the new package from the existing budget. On Thursday, the statistics bureau Eurostat published purchasing power figures for the European Union. Italy is 4 perc...
Richest Russians Lost $67 Billion in One Year of War
Business, News, Russia

Richest Russians Lost $67 Billion in One Year of War

The war between Russia and Ukraine weighs on the wealth of Russian billionaires. After one year of the war, the 23 richest Russian oligarchs have lost a combined $67 billion, about one-fifth of their combined wealth, according to the Bloomberg news agency figures. They suffered a tremendous loss at the beginning of the invasion, but sanctions from the European Union and other countries also had an effect. A balance sheet from the Bloomberg news agency has revealed how much the war costs Russian billionaires. For the 23 Russians who are part of the top 500 of the world's wealthiest people, their wealth was compared on February 23, the day before the Russian invasion of Ukraine, with the situation one year later. As of February 23 last year, the 23 richest Russians had a net wo...
The European Union Wants a Faster Roll-Out of 5G and is Looking at Sharing Costs
Business, Europe, News, Tech

The European Union Wants a Faster Roll-Out of 5G and is Looking at Sharing Costs

The existing internet infrastructure in the European Union no longer meets today's requirements. According to the European Commission, there is an urgent need for more bandwidth with higher speeds so that citizens, companies and governments have better access to smarter and more innovative services such as artificial intelligence (AI), data spaces and virtual reality. The day-to-day EU administration will also consult the sector about the costs of the investments required for this. “New technologies require a different internet architecture,” said European Commissioner Thierry Breton (Industry). “And that will not happen in five years, but now.” So the commission is amending a 2014 guideline to accelerate the roll-out of 5G and fibre optic networks by tackling red tape and cumbe...
Travel Group TUI Sees Strong Price Increases for the Summer Season
Business, News

Travel Group TUI Sees Strong Price Increases for the Summer Season

TUI, the world's largest tour operator, sees "strong price increases" for the upcoming summer holidays. According to director Sebastian Ebel, this is necessary to cover the costs. Still, the sky-high inflation and more expensive holidays are not stopping people from booking for the time being. According to TUI, the number of bookings for the summer season has now passed pre-coronavirus levels. In addition, the travel group sees that many Germans and English people, in particular, have already booked their holidays. TUI did suffer from the problems at Schiphol last quarter, Ebel said during an explanation of the results. The group already indicated last year that the chaos in aviation was hindering recovery. The results were also depressed last quarter by the depreciation of the ...
Economists: Brexit Will Cost the British Economy £100 Billion a Year
Business, Europe, News, UK

Economists: Brexit Will Cost the British Economy £100 Billion a Year

Brexit will cost the British economy about £100 billion annually, economists from data and news agency Bloomberg have calculated. Converted, that is almost 114 billion euros. According to the experts, the departure of the British from the European Union will be felt in several ways. For example, investments are under pressure, and British companies are struggling with a major shortage of workers. As a result, the British economy would now be 4 percent smaller than it would have been without Brexit. Economists Ana Andrade and Dan Hanson ask in a new Bloomberg Economics report whether the UK has harmed itself by turning its back on Brussels. "Evidence so far still suggests it does," they write. "The main takeaway is that the break with the single market may have hit the UK economy...