Financial investment – Purple Ribbon Project http://purpleribbonproject.com/ Mon, 09 May 2022 05:20:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://purpleribbonproject.com/wp-content/uploads/2021/10/icon-12.png Financial investment – Purple Ribbon Project http://purpleribbonproject.com/ 32 32 Hana Financial Investment plans to take over Hana Bank’s Hong Kong unit https://purpleribbonproject.com/hana-financial-investment-plans-to-take-over-hana-banks-hong-kong-unit/ Mon, 09 May 2022 05:20:53 +0000 https://purpleribbonproject.com/hana-financial-investment-plans-to-take-over-hana-banks-hong-kong-unit/ SEOUL, May 09 (Yonhap) — South Korean brokerage Hana Financial Investment Co. said Monday it was seeking to take over Hana Bank’s Hong Kong subsidiary as part of efforts to tap into the financial hub. Asian. Hana Financial Investment is considering a plan to buy a 100% stake in KEB Hana Global Finance Ltd. for […]]]>

SEOUL, May 09 (Yonhap) — South Korean brokerage Hana Financial Investment Co. said Monday it was seeking to take over Hana Bank’s Hong Kong subsidiary as part of efforts to tap into the financial hub. Asian.

Hana Financial Investment is considering a plan to buy a 100% stake in KEB Hana Global Finance Ltd. for about $100 million, a company official said.

“We are considering several options for the contemplated acquisition,” the official said. “It is going through an internal decision-making process and nothing has been finalized yet.”

If the plan materializes, KEB Hana Global Finance would become the wholly owned subsidiary of Hana Financial Investment in the Chinese special administrative region.

Hana Financial Investment has stepped up efforts to make inroads into overseas markets, especially the Asian financial hub of Hong Kong and the high-growth potential Southeast Asian market.

In late April, Hana Financial Investment signed a deal to buy a 35% stake in Vietnam-based brokerage BIDV Securities Co. for 142 billion won ($111 million), making it BIDV’s second largest shareholder. Securities, the 11th-largest brokerage house in Vietnam.

Hana Financial Investment is the brokerage arm of Hana Financial Group Inc., a major financial holding group in South Korea whose flagship is Hana Bank.

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Hana Financial Investment Acquires a 35% Stake in BIDV Securities | Business https://purpleribbonproject.com/hana-financial-investment-acquires-a-35-stake-in-bidv-securities-business/ Thu, 28 Apr 2022 13:09:00 +0000 https://purpleribbonproject.com/hana-financial-investment-acquires-a-35-stake-in-bidv-securities-business/ BSC was the 11th largest brokerage in Vietnam in 2021. (Photo: BSC) Hanoi (VNS/VNA) – Hana Financial Investment Co. Ltd. (HFI), a subsidiary company of Republic of Koreait is Hana Financial Groupacquired a 35% stake in BIDV Securities Joint Stock Company (BSC) in the form of a private placement with a total transaction value of […]]]>

BSC was the 11th largest brokerage in Vietnam in 2021. (Photo: BSC)

Hanoi (VNS/VNA) – Hana Financial Investment Co. Ltd. (HFI), a subsidiary company of Republic of Koreait is Hana Financial Groupacquired a 35% stake in BIDV Securities Joint Stock Company (BSC) in the form of a private placement with a total transaction value of nearly 117 million USD.

After completing the transaction, HFI and BSC will launch strategic cooperation projects to increase the value of BSC.

HFI will support BSC to accelerate the digital transformation process and become a digital securities company in Vietnam.

HFI plans to help BSC improve the quality of brokerage services, expand the customer base by optimizing the digital trading platform, and expand its fund management business.

This should help BSC build a comprehensive ecosystem of financial products and services for sustainable development as well as maximize business value.

BSC was established on November 26, 1999, with its head office in Hanoi. Its main shareholder is the Investment and Development Bank of Vietnam (BIDV), which holds 79.94% of the capital. BSC was the 11th largest brokerage in Vietnam in 2021.

BSC’s main business activities include securities brokerage, underwriting, investment advisory, derivatives trading, proprietary trading and investment banking. In fiscal 2021, the company reached the top 26 by equity size and the top 11 by equity brokerage market share, and made a profit of $15 million, which is equivalent to a ROE ratio of 22.2%.

In the near future, HFI’s technology department will conduct a survey of BSC’s current IT infrastructure and trading platform, weaknesses in the Vietnamese stock market to provide a strategic solution to strengthen BSC’s digital platform. ./.

ANV

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Hana Financial Investment acquires 35% of BIDV Securities in Vietnam https://purpleribbonproject.com/hana-financial-investment-acquires-35-of-bidv-securities-in-vietnam/ Mon, 25 Apr 2022 08:52:43 +0000 https://purpleribbonproject.com/hana-financial-investment-acquires-35-of-bidv-securities-in-vietnam/ Hana Financial Investment office in Yeouido, western Seoul [HANA FINANCIAL INVESTMENT] Hana Financial Investment has become the second largest shareholder of a state-owned bank securities company in Vietnam. Hana Financial Investment announced on Monday that it had acquired 35% of BIDV Securities for 142 billion won ($11.36 million). The operation was carried out as a […]]]>

Hana Financial Investment office in Yeouido, western Seoul [HANA FINANCIAL INVESTMENT]

Hana Financial Investment has become the second largest shareholder of a state-owned bank securities company in Vietnam.

Hana Financial Investment announced on Monday that it had acquired 35% of BIDV Securities for 142 billion won ($11.36 million). The operation was carried out as a capital increase by allocation to a third party.

BIDV Securities, headquartered in Ho Chi Minh City, is a subsidiary of Vietnam Bank for Investment and Development of Vietnam (BIDV). It is one of the four largest state-owned commercial banks in Vietnam and the largest shareholder of BIDV Securities with a 52% stake.

BIDV Securities was the 11th largest in Vietnam’s stock brokerage sector since last year.

Hana Financial Investment said it plans to “actively participate in the future management” of BIDV Securities.

Hana Financial Investment plans to help renew BIDV Securities’ digital platform and launch businesses, including asset management, and help strengthen credit lending and consignment sales. BIDV Securities’ goal is to become a major broker in Vietnam by 2026 and transform into a digital-focused brokerage firm.

Hana Financial Investment “will endeavor to build new businesses using BIDV Securities’ and bank’s nationwide networks in Vietnam and Hana Financial Investment’s know-how in finance,” a Hana spokesperson said on Monday. Financial Investment in a press release. He added that the company will establish a new business model for global expansion through continued investment in foreign financial companies.

Established in 1999, BIDV Securities’ net profit last year was 18.8 billion won.

Hana Bank acquired 15% of BIDV for 1.02 trillion won in 2019.

BY JIN MIN-JI [jin.minji@joongang.co.kr]

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Legal framework necessary to manage virtual financial investment platforms https://purpleribbonproject.com/legal-framework-necessary-to-manage-virtual-financial-investment-platforms/ Thu, 14 Apr 2022 23:53:44 +0000 https://purpleribbonproject.com/legal-framework-necessary-to-manage-virtual-financial-investment-platforms/ An investor views a financial investment website on his computer. Several platforms have suddenly collapsed recently, showing signs of fraud. — Stock Photo baodauthau.vn Several platforms suddenly disappeared in recent months and thousands of investors claimed to have lost huge amounts of investment. Economic experts and […]]]>





An investor views a financial investment website on his computer. Several platforms have suddenly collapsed recently, showing signs of fraud. — Stock Photo baodauthau.vn

Several platforms suddenly disappeared in recent months and thousands of investors claimed to have lost huge amounts of investment.

Economic experts and management agencies have consistently warned of the risks of virtual financial investment platforms, but investors have been tempted by skyrocketing returns.

Busstrade and Coolcat were among the platforms that suddenly disappeared over the past two weeks. These websites cannot be opened, investors cannot access their accounts and withdraw their money, and they have no way of contacting the administrators of the websites.

Ads for financial investment platforms abound on websites, Facebook, Zalo and other social networks, many of which offer returns of up to 30% per month.

Financial and banking expert Nguyen Tri Hieu said financial investment platforms often use traps to attract investors. At first, investors received interest on time and adequately, but when they put a large sum of money in their accounts, these platforms suddenly crashed and investors lost their money.

Hieu said some platforms had no specific address and could not be found when they collapsed.

He warned that it was a fraud.

“If it’s not clear who you’re dealing with and where you’re putting the money, just through websites, that’s definitely a trap,” he said.

According to economic expert Phan Phuong Nam, it was a form of investment linked to foreign exchange (forex) which was not recognized by the laws of Vietnam. So far, no company is officially recognized as a forex investment company in Vietnam and allowed to directly collect investments from individual investors.

Nam also pointed out that there was a lack of mechanisms to protect investors on these platforms.

Nguyen Hong Bach of law firm Hong Bach and Partners said that like forex, cryptocurrencies are also not recognized as a legal means of payment and all transactions related to cryptocurrencies are not not protected by law in Vietnam.

The State Bank of Vietnam and the Ministry of Public Security have warned of the risks of investing in cryptocurrencies, he said, urging investors to be very careful when investing in these. platforms.

Management agencies have also warned against some forex and cryptocurrency platforms such as wefinex.net, raidenbo.com and bitono.io.

Experts said it was important to educate citizens to stay away from these forms of fraud.

In the long term, Vietnam needed to develop a legal framework to control the operation of these platforms as well as strict punitive measures to prevent violations.

Late last week, Hanoi police prosecuted two people in HCM City and one in Hanoi for allegedly appropriating property via the internet. Initial investigation revealed that they were appropriating investments worth a total of US$4.3 million from 12,000 accounts across four gold and forex platforms, namely rforex.com, Yaibroker , Vistafore and Exswiss.

VNS

The Ministry of Finance is studying the legal framework for cryptocurrencies

The Ministry of Finance is studying the legal framework for cryptocurrencies

The Ministry of Finance is studying the legal framework for managing cryptocurrencies on the stock exchange that would pave the way for legal cryptocurrency transactions in Vietnam.

Legal framework to be improved to promote e-commerce and prevent commercial fraud

Legal framework to be improved to promote e-commerce and prevent commercial fraud

Vietnam is improving its legal framework to promote the development of e-commerce with emphasis on commercial fraud prevention.

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Safmar Financial Investment: 2021 review of the SFI investment holding company https://purpleribbonproject.com/safmar-financial-investment-2021-review-of-the-sfi-investment-holding-company/ Mon, 11 Apr 2022 11:01:08 +0000 https://purpleribbonproject.com/safmar-financial-investment-2021-review-of-the-sfi-investment-holding-company/ Investment Holding SFI (MOEX: SFIN) reports audited consolidated financial results for 2021, prepared in accordance with International Financial Reporting Standards (IFRS). In 2021, the net profit of the holding company amounted to 4.1 billion rubles against a loss of 3.7 billion rubles a year earlier. Total operating and financial income totaling 13.2 billion rubles. The […]]]>

Investment Holding SFI (MOEX: SFIN) reports audited consolidated financial results for 2021, prepared in accordance with International Financial Reporting Standards (IFRS).

In 2021, the net profit of the holding company amounted to 4.1 billion rubles against a loss of 3.7 billion rubles a year earlier. Total operating and financial income totaling 13.2 billion rubles. The successful conclusion of several agreements regarding the sale of the assets of the holding company in 2021 – NPF SAFMAR, NPF Mospromstroy-Fund and Direct-Credit Credit Broker – had a significant impact on the performance of SFI.

Companies that are part of the holding company have shown significant growth. In 2021, total operational and financial income in the leasing segment increased by 37% to RUB 17.5 billion, in the insurance segment – by 23% to RUB 2.4 billion.

SFI’s IFRS accounts for 2021 are published on the website and on his page in the Corporate Disclosure Center.

Main events of 2021:

In 2021, SFI transitioned to a diversified investment holding company model, moving away from the concept of a holding company that only invests in financial companies. This strategy involves conducting investment activities within three investment baskets:

  • public (listed) assets with high growth potential based on the company’s fundamental characteristics;

  • private assets (non-equity trading) – leaders in their segments and/or companies who can become new leaders with SFI’s support;

  • growing business – startups or business projects.

This approach balances the asset portfolio and achieves target returns at a given level of risk.

In 2021, SFI completely withdrew its assets from private pension funds, completed the 100% sale of a credit broker and acquired shares in the oil sector, expecting a global rebalancing of world oil prices . In addition, the holding company has invested in the promising gaming service GFN.RU which collaborates with the main manufacturer of graphics processors.

That same year, the holding company completed its three-year share buyback program. Currently, the shares represent 55.84% of the capital of SFI and its buyout operators.

An updated SFI Board of Directors was elected in December 2021. This allowed most directors to become independent, making the decision-making process regarding the holding company’s development and assets more transparent. .

The holding also decided to change its name in 2021 and changed its name from PJSC SAFMAR Financial Investments to PJSC SFI. Over the summer, SFI, in conjunction with the main branding agency, began to develop a new corporate style. The brand’s new platform and logo were unveiled to the public at the end of the year.

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Safmar Financial Investment: VSK’s net profit for 2021 under IFRS increases by 21% to 4.8 billion rubles https://purpleribbonproject.com/safmar-financial-investment-vsks-net-profit-for-2021-under-ifrs-increases-by-21-to-4-8-billion-rubles/ Mon, 04 Apr 2022 09:15:46 +0000 https://purpleribbonproject.com/safmar-financial-investment-vsks-net-profit-for-2021-under-ifrs-increases-by-21-to-4-8-billion-rubles/ Net profit of VSK Insurance House (VSK IJSC, a subsidiary of investment holding company SFI, MOEX: SFIN) for 2021 according to International Financial Reporting Standards (IFRS) increased by 21%, reaching 4.8 billion rubles. The company’s insurance premiums for 2021 reached 95.3 billion rubles, an increase of 5%. Insurance claims increased by 19% to 54.5 billion […]]]>

Net profit of VSK Insurance House (VSK IJSC, a subsidiary of investment holding company SFI, MOEX: SFIN) for 2021 according to International Financial Reporting Standards (IFRS) increased by 21%, reaching 4.8 billion rubles.

The company’s insurance premiums for 2021 reached 95.3 billion rubles, an increase of 5%. Insurance claims increased by 19% to 54.5 billion rubles.

The company’s IFRS accounts are available at the link.

The company ranks 6th in the Russian insurance market in terms of insurance premiums.

VSK Insurance House has been operating in the market since 1992 and is a comprehensive insurance company that provides services to individuals and legal entities throughout Russia. The company consistently ranks among the top 10 insurers in the country in terms of premiums collected. To date, more than 30 million people and 500,000 organizations have benefited from VSK’s products and services. The company’s regional network includes more than 500 offices in all constituent bodies of Russia. The company’s reliability and financial stability have been confirmed by leading Russian agencies: VSK has a rating of ruAA according to the Expert RA rating agency and AA(RU) according to ACRA. The majority stake in VSK is owned by the company’s founder, Sergey Tsikalyuk, while the remaining 49% is held by investment holding company SFI (MOEX: SFIN). In 2022, the company celebrates its 30th anniversary.

Warning

Safmar Finansovye Investitsii PAO published this content on April 04, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on Apr 04, 2022 09:13:02 UTC.

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Banking director urges prudent financial investments to fight poverty in Africa https://purpleribbonproject.com/banking-director-urges-prudent-financial-investments-to-fight-poverty-in-africa/ Sat, 02 Apr 2022 17:46:18 +0000 https://purpleribbonproject.com/banking-director-urges-prudent-financial-investments-to-fight-poverty-in-africa/ Image I Tma Economic Financial Investment Ms. Ramat Ebella Ellis, Banking Executive called on African financial systems to integrate large players in the informal sector in the development of financial investment portfolios as a means of lifting people out of poverty. Ms. Ellis, an investment adviser at the Center for Greater Impact in Africa (CGIA), […]]]>

Image I Tma Economic Financial Investment

Ms. Ramat Ebella Ellis, Banking Executive called on African financial systems to integrate large players in the informal sector in the development of financial investment portfolios as a means of lifting people out of poverty.

Ms. Ellis, an investment adviser at the Center for Greater Impact in Africa (CGIA), told Ghanaian news agency Tema Industrial News Hub’s boardroom dialogue platform.

Speaking on the theme “Investment and sustainable development”, Ms. Ellis also called on financial sector players to explain certain financial and economic terminologies to the understanding of non-financials.

“We should not assume that everyone understands stocks, bonds, treasury bills, fixed deposits, cocoa bonds, trust accounts, stocks and mutual funds, among others. As financial actors, we must help people with a marginal understanding of financial language to appreciate these terminologies, to translate them into the informal economy.

Ms. Ellis, who is also a financial planner, noted that understanding some basic information about financial investments could be a first step in learning how to invest, knowing the paths to retirement or maximizing the rate of return on money.

“A financial investment is an asset that you put money into with the expectation that it will grow or appreciate into a larger sum of money, the idea is that you can sell it later at a price higher or earn money on it while you own it.

“You might be looking to grow something over the next year, like saving for a car, or over the next 30 years, like saving for retirement,” she said.

Ms. Ellis, who is also a financial analyst, pointed out that it is important to note that there is an economic definition of financial investments which deals with how companies invest in products, equipment, factories, employees and stocks.

Ms Ellis, who is also the founder of Girls with Purpose Foundation (GWP), explained that before making an investment decision, “sit down and take an honest look at your overall financial picture, especially if you don’t never made a financial plan before.

“The first step to successful investing is determining your goals and risk tolerance – either on your own or with the help of a financial professional.”

She explained, “If you get the facts on saving and investing and follow a smart plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money. “.

Ms. Ellis pointed out that all investments involve some degree of risk; “If you intend to buy any securities – such as stocks, bonds or mutual funds – it is important that you understand before investing that you could lose some or all of your money. money “.

However, she noted that the reward for taking risk is the potential for a better return on investment, “if you have a long-term financial goal, you are likely to make more money by investing carefully in categories riskier assets, such as stocks or bonds, rather than restricting your investments to less risky assets, such as cash equivalents.

On the other hand, Ms. Ellis noted that investing only in cash investments may be appropriate for short-term financial goals, the main concern of people who invest in cash equivalents is the risk of inflation, which is the risk that inflation will overtake and erode returns over time. time”.

Send your news to newsghana101@gmail.com and via WhatsApp to +233 244244807
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The Bank unveils a financial and investment support program for women entrepreneurs https://purpleribbonproject.com/the-bank-unveils-a-financial-and-investment-support-program-for-women-entrepreneurs/ Fri, 01 Apr 2022 16:26:29 +0000 https://purpleribbonproject.com/the-bank-unveils-a-financial-and-investment-support-program-for-women-entrepreneurs/ By Aduragbemi Omiyale An initiative to provide comprehensive financial and investment support to women entrepreneurs has been launched by Standard Chartered Bank Nigeria. The two-pronged proposal called Women Banking and Women Winning with Wealth (WWWW) will provide quality financial and non-financial support to boost productivity and increase economic diversification for women in business and companies […]]]>

By Aduragbemi Omiyale

An initiative to provide comprehensive financial and investment support to women entrepreneurs has been launched by Standard Chartered Bank Nigeria.

The two-pronged proposal called Women Banking and Women Winning with Wealth (WWWW) will provide quality financial and non-financial support to boost productivity and increase economic diversification for women in business and companies in which women are majority shareholders.

“We have done extensive research and the main objective is to ensure that we are closing the gender gap. Our proposals, based on several factors, include savings on corporate accounts where customers enjoy a zero percent maintenance fee on any corporate account they open.

“We have affordable loans of up to N20 million at reduced rates which are unsecured. We also have investment advisers who will hold one-on-one engagements with these business owners to help them grow their wealth,” the lender’s acting head of corporate banking, Ms Bisi Oke, said at the launch of the new offering at The Civic Centre, Victoria Island, Lagos on Tuesday 29th March 2022.

As part of its core objectives, Standard Chartered Bank intends to improve the lives of one billion people by unlocking the full potential of women in its core markets, with the focus being the creation of financial stability and pathways for women to achieve equity. access to financial support, especially for small businesses.

The bank is also committed to accelerating the delivery of quality financial services to women across all of its markets, deliberately connecting small and medium-sized enterprises (SMEs) to the international marketplace and building partnerships to expand reach and financial services scale.

Also speaking at the event, the Head of Corporate Affairs, Brand and Marketing, Ms. Dayo Aderugbo, explained that the aim of the program is to reduce gender inequality and empower the development of women. women through financial education, opportunity and stability.

She said the unique and well-researched offering will provide mentorship for women to start and grow their own business, increase their net worth, increase their investment capacity, achieve financial stability, and more.

“For us as women, there has never been a more important time to speak up and fight for success in the areas that matter most, including well-being, security, financial stability, freedom and , above all, to be the best version of ourselves. .

“At Standard Chartered, we also recognize that we need to lean into this moment, to support and accelerate change, innovation and transformation that benefits every human being, especially women,” she said.

The Bank’s Affluent Banking Manager, Mrs. Chima Ebor, in her presentation, acknowledged that it is difficult for women to succeed without financial empowerment.

“But what we’re saying is that you don’t have to marry rich to be successful; you can have a solid financial education to build your wealth. We focus on women because when you train a man, you train an individual, but when you train a woman, you train a nation,” she said.

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A fintech application that facilitates wealth management and financial investment https://purpleribbonproject.com/a-fintech-application-that-facilitates-wealth-management-and-financial-investment/ Thu, 31 Mar 2022 12:52:56 +0000 https://purpleribbonproject.com/a-fintech-application-that-facilitates-wealth-management-and-financial-investment/ My first financial investment product 20 years ago was an insurance policy. This was before the advent of fintech, which made financial investment accessible to more and more people. Today, financial investment apps make it easy for anyone to start, track, and grow their investments, all through an app. If you are a newbie investor […]]]>

My first financial investment product 20 years ago was an insurance policy. This was before the advent of fintech, which made financial investment accessible to more and more people. Today, financial investment apps make it easy for anyone to start, track, and grow their investments, all through an app.

If you are a newbie investor and want to start small, read on to see how you can start investing with as little as S$100 on moomoo. Additionally, special promotional rewards are available to all users through May 31, 2022.

Investment app for all levels of investors

Moomoo is an investment platform of Futu Holdings based in Singapore. Since entering the Singapore market, it has proven to be a favorite among the investment community; the user base grew to 220,000, of which 100,000 are paying customers.

The fintech platform offers a whole range of products for trading or investing:

  • Commission-free trading of US, Hong Kong and Singapore stocks (only during the promotion period)
  • China A-Shares
  • Margin of negociation
  • US stock options
  • American Certificates of Deposit (ADR)
  • IPOs, Exchange Traded Funds (ETFs)
  • Real estate investment trusts (REITs)
  • Futures contracts
  • Mutual fund

If you are over 18 and have a bank account based in Singapore, you can opening an account with Futu Singapore.

If you’re a new or beginning investor who doesn’t know what to invest in, Futu Singapore Managing Director Gavin Chua suggests looking into mutual funds. He says, “As a beginner with a limited investment budget, buying mutual funds in small denominations allows you to participate in investments. Mutual funds also offer the easiest way to achieve diversification while guaranteeing liquidity.

He adds that the funds are equipped with managers who can actively manage the funds (associated with disclosure of information due to strict regulations by the Monetary Authority of Singapore).

investment apps moomoo make wealth management easier

Fintech investment app with educational resources

Moomoo’s goal, Gavin says, is to make investing smarter, easier and more accessible to new and seasoned investors; “Wealth management platform champions inclusivity and financial literacy.”

The company also understands that new investors need resources to help them with their financial investment decisions. Thus, there are more than 300 investment videos as well as infographic courses, guides and webinars on the fintech app. Topics cover stocks, options, funds and other financial instruments while meeting diverse learning objectives.

There is also an in-app social community for investors to connect and exchange market views and investment information.

“Seasoned investors can share their portfolios, experiences and ideas with other investors around the world,” says Gavin. “New investors are then able to decide on their investments and allow them to gain a complete experience which is a balance between the study of the investment and the engagement in the investment process.”

According to Gavin, to help investors “level up,” the fintech app has tech-focused features, including an AI-powered market monitor to track volatile stocks, advanced charts with technical indicators and drawing tools, custom alerts and indicator movements.

Fintech Wealth Management Platform

As an investor progresses through their financial investment journey, they may wish to manage their transactions and investments in one place. Moomoo allows users to do this through Money Plus, its online wealth management service.

“Money Plus offers unique access to a diverse range of over 60 fund products ranging from equity, bond, dividend or balanced funds from global fund companies with 20 asset managers. Some of them include BlackRock’s BGF ESG Multi-Asset, Franklin’s Franklin MENA Fund, and Lion Global Investors’ Lion Global Vietnam Fund, all of which have posted strong year-over-year returns,” says Gavin.

funds available on the moomoo Money Plus fintech investment app

Get rewarded when you start your investment journey

Currently, there are zero fees on all funds with moomoo – management fees are deducted from fund assets. And, as long as you are over 18 and have a bank account in Singapore, you can opening an account.

Sale 1

From now until the end of April 13, 2022, new registrants who deposit on the application and complete the necessary steps will receive one Sea Limited share and a S$30 share voucher.

Moomoo fintech app platforms for financial investment

Class 2

From now until the end of May 31, 2022, a moomoo user can expect to earn the following reward points when performing fund-related tasks in the app:

#1 On your profile tab, go to Task Center and complete the tasks to get 15% Funds Coupon which generates extra returns for three days and 800 reward points.

#2 Set up an automatic investment plan and get a 15% fund coupon that generates additional returns for three days and a redemption coupon of S$8.80.

#3 Subscribe to a non-cash fund with over S$100 and get a 15% fund coupon that generates additional returns for three days and a cash coupon of S$5.80.

#4 New users who complete the above three tasks can unlock an exclusive gift set that includes three 15% fund coupons that generate extra returns for three days, 1,500 reward points, and an 18 fund refund coupon S$.

Rewards points can be used to redeem coupons and branded products in the Rewards Club app.

moomoo.com/sg

Read this if you’re wondering where to live in Singapore or looking for the best Singapore restaurants to eat.

Patricea Chow

Having lived 10 years abroad, Patricea rediscovered Singapore through fun events, street photography and museum visits. She also enjoys reading, education, spending time with her family and children, and wheelchair travel.

]]> Report: Leadership buy-in and financial investment are key to successful digital transformations https://purpleribbonproject.com/report-leadership-buy-in-and-financial-investment-are-key-to-successful-digital-transformations/ Wed, 23 Mar 2022 07:00:00 +0000 https://purpleribbonproject.com/report-leadership-buy-in-and-financial-investment-are-key-to-successful-digital-transformations/ Along with C-suite support and investment, another driver of success is CTrO, which devotes time and energy to driving transformation forward, according to new research from Deloitte. Image: Olivier Le Moal, Getty Images/iStockphoto According to a recently published study by Deloitte, C-suite buy-in, financial investment, and a dedicated chief transformation officer (CTrO) are key indicators […]]]>

Along with C-suite support and investment, another driver of success is CTrO, which devotes time and energy to driving transformation forward, according to new research from Deloitte.

Image: Olivier Le Moal, Getty Images/iStockphoto

According to a recently published study by Deloitte, C-suite buy-in, financial investment, and a dedicated chief transformation officer (CTrO) are key indicators of successful transformation programs.

That of the firm 2022 Chief Transformation Officer Study also found that nearly 50% of executives surveyed said that setting clear expectations with sufficient timeframe to show ROI is a critical success factor.

C Suite Commitment

According to the study, C-suite adherence is one of the most accurate predictors of transformation success. This includes the ability to set clear expectations regarding timing and achievement of impact and dedicate meaningful time to leadership.

Additionally, executives who successfully achieved their transformation ambition spent 18% of their time guiding and shaping the program. Thirty-eight percent of executives indicated that a simple and compelling “north star” narrative is critical to success.

TO SEE: Guide to becoming a digital transformation champion (TechRepublic Premium)

Financial investment

Sufficient and properly allocated investments are also a critical success factor for transformation initiatives. Half of survey respondents indicated that their organizations invest between 1% and 5% of their annual revenue in transformation programs, and 22% of respondents indicated an investment of 6% to 10% of their annual revenue, although many thought their organizations were underinvesting.

Organizations invested the largest portion of the transformation budget in technology (26%), followed by business changes (19%) and process changes (18%).

However, 52% of respondents said they underinvested in talent and 31% believe they underinvested in change management and communication initiatives, which can lead to issues with adoption, behavior change, confidence in the program or clarity of vision, according to the report.

Dedication of the CTrO

An empowered CTrO, who devotes time and energy to driving the transformation forward, is one of the main predictors of transformation success. When a CTrO contributed an additional 15% of their time, the probability of success improved by about 16%, according to the report.

On average, CTrOs devote about half of their week to a transformation; however, most believe that to see positive results, they need to increase their engagement to at least 60% to 65%.

SEE: Digital Transformation: A CXO Guide (Free PDF) (TechRepublic)

When and why organizations transform

The increased frequency, uncertainty and potential impact of disruptions – such as the COVID-19 pandemic, the “Great Resignation” and supply chain challenges – have forced organizations to reimagine the nature of transformation in order to adapt to the constantly changing business environment.

Deloitte said survey respondents fell into one of three key transformation ambitions:

  • To optimise business, including streamlining operations, improving performance, and building cash reserves to fund investments (37% of respondents)
  • To expand business, including increasing existing revenue streams and entering adjacent markets (42% of respondents)
  • Re-imagine business, including entering new markets and driving disruptive change (21% of respondents)

A wide range of external and internal forces trigger the need for transformation. The survey identified three most frequently cited enablers by transformation leaders. More than half of respondents noted the opportunities of digital technology and inefficiencies in business processes as the top two drivers, while 48% of respondents cited restructuring for growth as the third trigger for transformation.

The changing role of the Chief Transformation Officer

Many successful organizations recognize the need for ongoing transformation capability, and today dedicated transformation leaders, such as the Chief Transformation Officer or VP of Transformation with a Transformation Management Office persistent (TMO), have become increasingly common, according to Deloitte.

To be successful, the CTO must embody a range of skills and play multiple roles as strategist (overall architect), operator (competent CEO), technologist (impacts of platform and technology architecture ), controller (guardian financier) and champion of change (people-oriented, storyteller).

CTrOs often switch between these roles, according to the report, with respondents spending most of their time in the strategist persona (31%), followed by change champion (23%). The majority of CTrO respondents indicated a desire to spend even more time in the strategist and champion changing roles. The survey results also indicate that big thinkers who are also storytellers are more likely to succeed in the role of CtrO.

“Transformation is not a quiet response to individual events. It’s a business capability that should be ingrained in every organization’s DNA to help enable continuous and effective change,” said Deloitte’s Anne Kwan, Principal and Lead Transformation and Strategy Offering. market design, in a press release.

Deloitte said its study included insights from more than 300 transformation executives from various industries who discuss what it takes to design transformation programs effectively.

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