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MATS technology a game-changer for packaged food and beverages brands

Microwave-assisted thermal sterilization (MATS) could possibly have a significant impact on the packaged foods and beverages sector, as global consumers are increasingly choosing prepared foods.

Latest reports states about MATS main reason to get popularized is they concentrate on the enhanced quality and sensory benefits, preservation without the use of additives or preservatives and shelf-stability which are attracting interest from foodservice operations as well as food and beverage companies.

The MATS process uses a combination of pressurized hot water and long-wavelength microwave energy to quickly sterilize and store food at room temperature for up to a year. Since the sterilization process is much shorter than the conventional response process, fewer nutrients are destroyed, and the need for food additives, preservatives and excess sodium is reduced or removed.

MATS have huge potential in the comparatively new direct-to-consumer meal kit business, which works on a subscription model. It could help uncheck the potential of meal kit delivery by improving the value proposition through lowered cost and enhanced quality.

Removing the need for expensive chilled or frozen delivery allows meal kit providers to cut prices and improve value, while convenience is improved by making consumer handling of delivered meal kits less time-sensitive as there is no need to quickly freeze or chill a delivered meal product after delivery. Value for money and convenience are the top benefits that encourage consumers to use an online subscription service and MATS technology significantly enhances both.

Addressing solid waste issues and extending the reach of meal kits to less affluent consumers are additional features that could support the adoption of MATS for meal kits.

MATS food processed may be shelf-stable and convenient to store, but convincing consumers that MATS food is as fresh and high-quality as other types of food, like chilled food, may be tricky.

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Localism emotion is most positive among Japanese and Australian consumers

A wave of Localism is widespread across the globe as consumers are increasingly opting for local brands rather than foreign products, driven by anti-globalization, sustainability, health-consciousness and ethnocentrism, says leading data and Analytics Company.

According to some latest report reveals that Localism offers significant growth opportunities for most fast-moving consumer goods (FMCG) brands. However, it is most prominent in the food sector, which has become more globalized in recent years, with supply chains getting longer as companies primarily source ingredients from cheap, yet distant, countries.

Older consumers tend to be more influenced by this trend as they have a greater affinity and connection to their local communities. The connection between the Localism trend and health can be partly linked to the perception that local products have higher safety and quality standards than foreign ones.

Packaging and marketing must focus on green identifications as consumers tend to associate local products with being eco-friendly. Emphasizing a lack of ‘food miles’ and how natural or organic the product is will be vital to creating a premium position and show quality to consumers.

Consumers overwhelmingly associate local products with fresh and healthy attributes. According to a survey made by a leading data and Analytics Company, the Localism trend is most noticeable in Japan and Australia, where 76% and 71% of consumers associate their country with high-quality food and drink products, respectively.

In Japan, Nissin Foods combined both localism and novelty by using local and traditional ingredients in a ready meal format to create a new matcha-flavored instant noodle product ‘Nissin Cup Noodle – instant matcha noodles’ to appeal to the tastes of Japanese consumers.

Within FMCG, food is the only category for which Localism is currently at the growth stage of its lifecycle. On the other hand, the trend is still emerging within alcoholic and non-alcoholic drinks, as well as personal care.

In the long term, the alcoholic and non-alcoholic drinks categories will be influenced by Localism as consumers seek out high-end, craft-style, and local products that are different from mass-market fare.

In the personal care category, inspiring innovation with ethical, green and responsible initiatives will help brands take advantage of on its emerging status. Additionally, using local ingredients whenever possible will be an important way for brands to reconnect with consumers.

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Blockchain is leveraged by Bancassurers to further penetrate insurance in APAC

The open architecture integration model supported by regulators in China, Hong Kong and India, among others, in a push for open banking, has empowered bancassurers to seek new technologies, such as Blockchain and APIs, to further enter insurance according to leading data and Analytics Company.

Ever since bancassurance emerged for the first time in Europe in 1970, it has not developed consistently across different markets, this is due to several challenges such as regulations, failing to adapt to shifting customer expectation, complex operating and technology models of banks and insurers and eventually, most partnerships end up unravelling.

However bancassurance has enjoyed a growth spurt in Asia, thanks to the relaxation of regulations, macro-economic factors, increasing affluence and fuelling innovation. Towards the end of 2017, China Construction Bank (CCB) and AIA in Hong Kong announced blockchain-based solutions to streamline and improve their bancassurance processes and improve customer experience.

Expert says: “Blockchain appears to be the answer to past failures by providing fraction-free operations, transparency and security not only between the bank and customers but also with their insurance partners.”

“If anything, real-time data, knowledge sharing and customer analytics will increase partners’ understanding of customers, enabling more personalized offerings and faster services.”

For example, IBM Blockchain is selected CCB has to attain the above-mentioned benefits, leveraging Linux Hyper ledger fabric, which is designed to support the interaction of a range of multi-heterogamous components and systems among banks, insurers and other parties.

Beyond attaining operating efficiency and establishing trust, banks can grow their strategies by leveraging blockchain to ease the integration of InsurTechs for further portfolio innovation.

A prominent example of a first mover relative to InsurTechs is Deutsche Bank, which partnered with Friendsurance- – a digital broker – to complement their banking service, thereby offering customers a wide range of product and service choices.

Conclusion given by expert “However, this poses a potential threat, as banks began to bypass insurance incumbents for bancassurance innovation.”

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Battle for the Indian VoD market increases with the arrival of international players

The era of video on demand (VoD) is rapidly gripping the Indian entertainment industry by virtue of the increase in both international and domestic over-the-top (OTT) players, says a leading data and analytics company.

The digital media passion and the popularity of these players is a testament that digital video content is accepted to follow global trends and change the face of video-viewing in India. Some factors such as 4G connectivity, broadband efficiency and digitization make India a preferred destination for global OTT players to look for growth opportunities and succeed in the sub-continent.

According to a forecast found that in Asia-Pacific, South Korea and Hong Kong lead the Pay-TV household penetration rates with 159% and 104% respectively. In comparison, India has a low penetration rate of 67%, but is expected to improve as it has a vast available market that is still waiting to be captured.

Technology expert says that: “Obviously, the early entrants in the VoD space can gain an edge over their competitors in India. International players like Netflix, Amazon Prime and YuppTV are making early in-roads with different strategies to capture the Indian market, while domestic players such as Hotstar and Sony Liv are following suit.

For example, Netflix is planning to tie-up with Indian cable operators to integrate Netflix with cable set-top boxes to offer a smart TV-like experience to customers without smart TVs. Besides, the recent introduction of high-on-features, low-on-cost televisions into India, primarily from Xiaomi, may prove a disruptive force in this market.

Indeed, the competition is becoming even severer with a variety of players such as Vu, Xiaomi, Airtel TV and ACT Fibernet competing for a larger pie of the Indian VoD market.

Expert continues: “Challenges for OTT players is to meet the needs of a wide variety of price-sensitive customers, but they are willing to leave no stone unturned to attract consumers.”

One such effort is to widen the scope of their digital content by providing regional content alongside international content that suits consumers from metropolitan, tier-1 or tier-2 cities. Furthermore, where Netflix only offers VoD at a subscription cost, Amazon’s Prime membership is multi-dimensional, providing a range of digital entertainment services alongside benefits such as free and speedy delivery on retail purchases, giving consumers more reasons to sign up and thereby increasing Amazon’s VoD penetration.

Expert concludes: “Some of the factors customers are looking for in a digital content provider are Seamless accesses to services, regional content alongside global content, and value for money. Players who can successfully tick all the boxes stand a good chance of capturing the bulk of Indian market.”

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General Surgery market is all set to reach to a value of $21.6 billion by 2024 and involving in Quick Growth

The general surgery market is forecast to grow steady getting into future decade. The market was valued at $14.6 billion in 2017 and is anticipated to succeed in a price of $21.6 billion in 2024, increasing at a Compound Annual rate (CAGR) of five.7%, during the forecast year. The general surgery market consists of many completely different classes of devices, together with those employed in bariatric surgery, biopsy, aesthetics, endoscopy, medical specialty, herniation repair, non-vascular stents, and surgical energy. In 2017, the marketplace for endoscopy devices was expected to be $7.6 billion and is anticipated to grow at a CAGR of 7.3% to succeed in a price of $12.5 bn in 2024. “An increasing demand for minimally invasive therapies and advancements in imaging technology is fuelling the expansion of the endoscopes market that presently accounts for more than half of the overall surgery market in terms of market size”. An increasing pressure on early diagnosis of diseases such as cancer is fuelling the expansion of the diagnostic test devices market. This can be expected to grow at a CAGR of 2.2% from 2017 to 2024. Increasing obesity rates are expected to drive the marketplace for bariatric surgery devices at a CAGR of 9.3% from 2017 to 2024 because of the increasing range of bariatric surgical procedures. The robotic surgical systems market is anticipated to witness important growth over the forecast amount, with a CAGR of 13.5% from 2017 to 2024 for robotic surgical systems used inside general surgery. ‘The general surgery market saw a worth erosion in several countries, and also the trend is anticipated to continue throughout the forecast period. Budget constraints on healthcare systems, along with a purchasing process that is turning into additional clear and stakeholder-intensive – is expected to manage the prices and effectiveness of the buying process; as well as the devices that go together with it”.

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French pharmaceutical market to stagnate as government holds generics to cut healthcare spending

The pharmaceuticals drugs market in France is prepared to decline from $35.5 billion in 2017 to $34.16 billion in 2021, representing a negative compound annual rate of growth of 1%, according during the forecast period.

Latest reports states that in spite of France’s strong public health insurance system and rising senior population, increasing pressure on pharmaceutical commercialism costs, patent expiration of branded medication and exchange fluctuations area are effected the growth. The government is presently that specialize in the employment of generics as a cost-containment tool to reduce expenditure. Certainly, the generics market was essentially run by a good regulative system and a constant wave of patent expiries, acting as a barrier to pharmaceutical market growth. France follows external reference valuation, that is coupled with alternative European countries appreciate Federal Republic of Germany, Spain, Italy, and the UK. Pricing cut by any of those countries governments can quickly translate into cost reductions in France, and continual price cuts have reduced the increase in tending payment. France’s compensation policy is grounded in clinical effectiveness instead of the cost-versus-benefit approach that other countries such as the US and the UK employ. This implies that pharmaceutical firms take a better risk so as to visualize returns on innovative products, and new medication need to demonstrate a level of improvement over existing products, which might be seen as a deterrent to investment. Healthcare firms are searching for chances among the French market should focus on the growing demand for innovative medication and biotechnology, which is able to alter new therapies to command a premium value and influence the worth of the market. French government to support pharmaceutical R&D by giving  tax credits and financial commissions can promote new prospects for small biotechnology firms, a growing variety of that are operative in France over the past decade.

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European total ankle replacement market is to hit $84.6 million by 2023

The European total gliding joint replacement (TAR) market, that covers twenty one countries, is about to rise from $57.3 million in 2016 to $84.6 million by 2023, representing a compound annual rate of growth (CAGR) of 5.7%, during the forecast period. Latest reports states that key drivers of the market embody a rise in TAR patients because of wear and tear of joints within the growing older population, the requirement for a treatment that helps late-stage gliding joint in flammatory disease patients keep vary of motion, and swollen medical education and MD adoption of TAR. In recent years, there has been a renaissance of interest in TAR. The success of third-generation implants in relieving creaky pain and restoring vary of motion has positioned TAR as an efficient substitute to joint fusion. Whereas intensive bone surgical operation has infested previous generations of devices, current products aim to reduce surgical operation of the leg bone and talar bone to pushimplant stability. Additionally, maker’s ar advancing operative analysis techniques to realize higher alignment. “Although gliding joint trauma is not as common as in different joints just like the knee and hip, there's associate degree augmented utilization of TAR supported advanced implant styles and positive study results from long-runviability trials. This has resulted in major insurer’s redaction coverage policies to support patient access to TAR.” In terms of market share, FRG described the biggest portion of the European market in 2016, holding 38% of the regional revenue, and is predicted to keep up this dominance through the forecast amount. The European nation, Hungary, and therefore the Netherlands are expected to be the fastest-growing markets through 2023, every at a CAGR of 7.6%, whereas Balkan country and Turkey can stagnate over identical amount. Most of the TAR market is occupied by a couple of players, as well as Stryker, Integra LifeSciences, Wright Medical, DePuy Synthes, and frame Biomet. These corporations boast respected brands with vital clinical research data driving production adoption. Currently, TAR remains not profitable enough to draw in competitors, and therefore the price of obtaining a tool to promote is prohibitory to new entrants, therefore the area is about to staywithin the hands of the aforesaid players as they still enhance their product combine and optimize operational potency.

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Economic growth and consumer confidence shape future of Philippine food and grocery sector

The Philippines is among the fastest-growing economies among the Southeast Asian countries. As such, the retail trade is forecast to witness a healthy compound annual growth rate (CAGR) of 8.2% throughout 2016-2021, one amongst the highest within the Asia-Pacific region. Food and grocery sector is the largest among the Philippines’ retail industry accounting for 65% of the overall retail sales in 2016. The Food & Grocery marketing within the Philippines’, highlights the most important factors impacting the expansion of food and grocery sector within the country, the sales of major types like drinks, tobacco, food, grocery and householdproducts, key players and sales through varied distribution channels. Convenience, rising middle class population and customer’s affinity towards healthy product spur the demand for higher quality food product Within the sector, food and drinks are the largest categories accounting for 82.4% and 12.8% share of the area sales severally in 2016. In terms of growth, food and drinks are again the quickest growing categories, whereas tobacco is expected to grow at a faster growth throughout 2016-2021 compared to 2011-20216. The food  and grocery sector is principally driven by factors such as an improving economy, increased consumer spendingand a rising middle population that loves higher quality and health consious products. Additionally, an increasing number of food specialists are giving new prepackaged food variants in easy to carry and consume formats to cater to the increasing working class, reason for the expansion of this sector. Convenience stores lead, whereas online is the fastest growing marketing and distribution channel Among the various channels of distribution, convenience stores is the leading marketing accounting for a share of  38% in 2016, followed by hypermarkets, supermarkets and laborious discounters and food and drinks specialists. Sales through online channel, albeit marginal, are projected to register the quickest CAGR of 14.9% over the period of 2016-2021. Sales through online channel is gaining traction over the past few years, driven by exaggerated smartphone penetration and also the growing quality of e-commerce among the younger population.” Local players dominate the extremely fragmented market The Food and grocery sector within the Philippines is very fragmented with majority shoppers preferring native stores for day to day grocery looking. The highest ten retailers within the country along, accounted for less than 10% share in 2016. Prominent retailers include Puregold Price Club, Robinsons Supermarket, SM Group, Savemore and 7-Eleven among others. Among the top ten, the arena is dominated by native players with nine of the top 10 retailers having local origin and 7-Eleven being the only real international retailer. However, within the wake of the rising economy and rising working class, large international retailers equivalent to Lawson and Family Mart are creating inroads into the country paving path for a additional organized retail landscape. Food and grocery sector continues to be the biggest sector through 2021 Against the backdrop of  rising economy, middle class with a predilection for convenience, increasing househld consumption and health awareness, the food and grocery sector is forecast to grow at a CAGR of 8.2% over the period 2016-2021. additionally, the entry of large international retailers into the country and increasing customer interest in large store formats are expected to feature to the expansion of the sector.

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Deploying the right technologies is essential for retailers to survive

Technology has become a strategic imperative for all sectors and retail is not an exception. As retailers across the world scramble to lure customers and improve operational efficiencies, deploying the right digital technologies is essential for differentiation and survival.

According to some reports various digital solutions that drive greater personalization and a smoother shopping experience across online and mobile platforms, as well as in brick-and-mortar stores. These solutions include artificial intelligence (AI) for customer service, analytics and smart supply chain management, but also interactive tools based on augmented reality and the latest digital payment methods.

Personalization can drive customer loyalty and the ability to collect more data about their behavior and preferences. By finding what customers are likely to be interested in through the latest analytics and AI technologies, retailers can upsell more products and avoid going out of fashion.

Retailers are organizing a large number of Internet of Things (IoT) devices in their stores and depositories to engage with clients and collect data through sensors, cameras and Bluetooth beacons.

Since most IoT devices are connected via open networks, they become increasingly vulnerable to cyberattacks.

Against this backdrop, Companies foresees cybersecurity and data protection capabilities to emerge as key differentiators for technology solutions in 2018.

Retailers will invest significantly in smart supply chain and inventory management capabilities this year to achieve cost savings, eliminate unnecessary steps in distribution, keep lower inventory levels and thereby assert greater control over their suppliers. Supply chain management systems are expected to get upgraded, with the addition of greater automation and predictive analytics, which is also increasingly powered by artificial intelligence and machine learning capabilities.”

Retailers are also giving interest for online payment technologies including digital wallets, mobile readers, integrated apps such as WeChat, as well as blockchain to provide a seamless omnichannel experience to customers. Shopping habits are changed and digital technologies will keep on advancing, the automation of customer service based on AI and robotics combined with augmented reality experiences and new store formats will evolve further in the retail sector over the next few years.

Instead of jumping on every trend bandwagon, retailers need to be judicious while selecting digital technologies, which should match customers’ specific needs and the retailer’s brand identity to address existing problems and challenges. In addition, customers should be options to choose their preferred channels of shopping and interaction rather than forcing them to use certain digital tools.

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Craft beer fatigue is sending beer and cider consumers in APAC to search for new options

Alcoholic beverage consumers tend to be novelty seeking, but constant shelling with craft launches and unusual flavors has led consumers to feel that they are loaded with choice, says leading data and Analytics Company.

According to some recent news that more than half (57%) of beer and cider consumers in Asia-Pacific (APAC) find new experiences more exciting than new products also suggests that future success may depend more on finding ways to deliver new “consumption memories” than flooding the market with new products.

Latest reports, states that overloading the consumer with choice has lessened the ‘craft’ concept. Due to this, consumers are shifting toward more immersive, separate, and personalized experiences instead of seeking out expensive novelties. This feeling is revealed in the survey report findings and approving that 46% of consumers in APAC say that marketing buzzwords such as ‘craft’ and ‘artisanal production’ are just an excuse for manufacturers to charge extra for alcoholic beverages.

Research Expert states that, Craft beer may have become too ordinary for its own good and overuse of the word ‘craft’ could lead to a consumer backlash. Consumers do remain open to new consumption experiences and are also making healthier choices. We could easily see the industry reel toward this innovation pillar in the months and years to come.

Indeed, Asia-Pacific consumers are much more likely than global consumers overall to emphasis on health claims when making alcoholic beverage choices. About 51% of APAC consumers say they find health claims to be important when selecting which alcoholic drinks to enjoy versus just 38% of consumers globally, according to leading data and Analytics Company. APAC consumers are expected to say they plan on cutting down on alcohol consumption for health reasons than consumers globally. And about 53% of consumers in the APAC region say they agree that they plan on cutting down on alcohol consumption for health reasons compared to just 37% of consumers globally.

Research Experts conclude that Consumers, especially younger consumers, are increasingly drawn to more healthful food and drink options, and this will influence beer and cider innovation over time. Consumers still want to treat themselves, and we think there are plenty of opportunities for products that target special occasions or are planned to be served with specific meals.”

“To boost sales in a struggling global market, cider and beer makers may have to explore a wider range of innovation opportunities ranging from non-alcoholic products to beer or cider products that offer better portion control and a more unique experience.”

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All top 25 global economies set for growth in 2018

All of the top 25 global economies are set for growth in 2018, achieving an average growth rate of 2.8%, according to recent forecasts by a leading data and analytics company.

The top 3 fastest growing economies will be India, China and Indonesia, respectively. India’s GDP growth rate of 7.4% is being driven by the present Governments macroeconomic improvements which include the unified Goods and Services Tax (GST) and demonetization among other policy measures. Indonesia’s strong GDP growth rate of 5.2% reflects growing inward investment in the country together with the Government’s public sector budget increases.

According to a leading data and analytics company’s analysis report also included a review of a number of other macroeconomic indicators, namely:

Inflationary pressures to remain under control

Inflation is likely to peak at 18.8% in 2018 with the exclusion of Argentina , inflationary pressures are projected to remain largely unaffected across the top 25 global economies in 2018 at an average rate of 3.2%.

Unemployment set to remain high

Unemployment is set to remain high in major economies like Belgium, France, Italy, Spain, Argentina, Brazil and Turkey throughout 2018.

Economic Research expert, commented that ‘‘Spain is likely to witness the highest unemployment rate of the top 25 economies at 15.6% owing to the countries stringent labor laws which basically protect workers from getting fired and can therefore discourage employers from hiring new employees. Another contributing factor to the countries high unemployment rate is Spain’s weak recovery from the 2008 crisis.’’

Spain is followed by Brazil and Italy where unemployment forecasts are set to stay at 11.8% and 11%, respectively.

Expert continued, ‘‘Though the rate is declining, unemployment remains a concern in Brazil as the fall in commodity prices has reduced the demand for labor in key sectors like agriculture and industry.’’

Overall, most major economies are expected to see a decline in unemployment rates in 2018 compared to last year.

Low commodity prices threaten further economic downturn in some economies

Downward pressure on commodity prices is expected to continue to reduce the revenues of major commodity goods exporters like Brazil and Saudi Arabia causing major fiscal imbalances in these countries. As a result, Saudi Arabia’s government is planning to push back the target date of removing its budget deficit from 2020 to 2023.

Expert added that, ‘‘The less diversified a major economy is the more it will be effected by lower commodity prices as revenues falls. Despite a marginal commodity price recovery in recent years, they still remain significantly lower than their pre 2015 price crash levels.’’

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Age-related macular degeneration market will rise to $11.5 billion by 2026

Pharmaceutical sales for age-related macular degeneration (AMD) marketplaces were projected to be $4.9 billion in 2016, and it’s expected to reach a price of $11.5 billion in 2026, with a Compound Annual Growth Rate (CAGR) rise of 8.9%, stated by a leading data and analytics company.

According to a company report states that this growth will be driven by new therapies entering the market and a global aging society, which will lead to increasing numbers of elderly people developing AMD.

Some of the predictions made by a leading data and analytics company that the launches of three drugs for the treatment of geographic atrophy (GA), the late stage of dry age-related macular degeneration (dAMD), and three late-stage pipeline drugs for wet AMD (wAMD). In particular, the launch of drugs into the AMD market to treat dAMD will be a large driver of growth, as there are currently no prescription medications available for these patients.

Healthcare expert comments as: “We expect that with the launch of brolucizumab in the wAMD market, Novartis will offset the losses to Eylea and regain dominance in the AMD market. Once more efficacy and safety data collects and physicians become more accustomed to the use of brolucizumab, its advantage of less frequent dosing will allow it to claim an increasing share and become a first-line therapy if reimbursed.”

Key opinion leaders interviewed by GlobalData emphasized that pricing will also play a key role in the uptake of brolucizumab. Novartis’ brolucizumab is estimated to reach an epic status by 2021, and will be the highest selling drug by 2026 among all drugs launching to the AMD market, with $4.1bn in global sales.

New drugs entering the dAMD market will include two anti-complement agents: Apellis’ APL-2 and Ophthotech’s Zimura, and one neuroprotective agent, Allergan’s Brimo DDS, which together will drive an increase of the treated AMD cases, expanding the AMD market.

Further the expert added “Due to the failure of each clinical test of Phase III trials of lampalizumab for the treatment of GA, Apellis’ APL-2 emerged because the most promising GA drug once it’s positive Phase IIa results were declared. Provided that the planned Phase III trial of APL-2 for GA will confirm these results, we forecast that Apellis’ drug will reach blockbuster status within a few years of its launch, by 2025.”

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£215billion of UK millionaires’ wealth will be inherited over the next 10 years

The majority of wealth managers around the world agree that intergenerational wealth transfers will be a big source of business for the industry in the near future, according to a leading data and analytics company.

According to some Latest reports it is identified intergenerational wealth transfer as one of the key issues that is affecting the industry. Targeting individuals who are about to inherit their parents’ assets will prove to be a successful strategy to grow private banks’ assets under management. A leading company estimates that over the next 10 years, £215bn of millionaires’ investable wealth will be passed on to the next generation in the UK alone.

Wealth Management expert notes: “This constitutes 20% of UK HNW individuals’ liquid wealth. Different studies estimate that up to 90% of children switch financial advisors after their parents pass away and they take control over family’s assets. They can be a source of new business, but providers also have to focus on retaining assets after inheritance.”

The key to success understands the needs of a new generation of clients. There is a common belief that the new wave of investors and ages’ above all, require access to digital channels. However, a recent study found that millennial investors are still frequent users of traditional channels.

Expert further comments that: “Millennials require access to human financial advisors. In fact, the share of investors who contacted their investment management provider face-to-face is higher among millennials than among baby boomers or Generation X. Younger generations require true multi-channel proposals that allows them to talk to their provider when they want, and how they want – be it in branch, over email, by telephone, or on Skype.”

Millennials who are still building up their wealth are open to new solutions, and are more likely to have tried robo-advisors than their parents. However, ultimately they keep the majority of their assets within their main bank.

Further the expert states: “This is because millennials are paying off their mortgages, and their first savings land in the accounts they hold with mortgage providers. This puts universal banks in a privileged position to bond with individuals from the very beginning of their financial journey.”

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Ageing and low fertility rate behind labour force shortage in Europe

As the ageing population rises and fertility rates fall across Europe the continent faces an increasing labor force shortage, according to a recent analysis by a leading data and analytics company.

Lower fertility rates across most European Union (EU) countries is causing a reduction the growth rates of the youth population while increased life expectancy is leading to a steady rise in the growth of the elderly population.

Economic Research experts states that “The populations of most European cities are currently undergoing major demographic changes, which are projected to completely transform their economic and social landscape. We predict that between 2017 and 2025, 184 out of 263 metropolitan areas from the EU-28 will record a negative growth rate in their working age population.

‘‘Most of these cities belong to Germany, the United Kingdom, Spain, Poland, France and Romania. Riga (Latvia) and Galati (Romania) are both expected to register the high-pitched declines in their working age population during this period with a compound annual growth rate (CAGR) of only 2.2% and 1.7% respectively.’’

According to an expert by 2025 more than one-fifth of the population in metropolitan cities from the EU-28 covered by the company’s analysis will be aged 65 years old and over. The old age dependency ratio, which measures the number of elderly people, as a share of those of working age, is projected to increase from 31.2% in 2017 to 35.3% by 2025 across the EU-28 cities, due to the increase in life expectancy and a reduction in working age population. Between 2017 and 2025 Neubrandenburg (Germany) and Galati (Romania) are projected to register the maximum variation in the old age dependency ratio of all EU-28 cities of 14.6% and 13.2% respectively.

Further the expert  added, ‘‘The changing nature of the age structure we are seeing here is expected to increase the burden on the income earning population and could have an adverse impact on the economic growth predictions of EU-28 cities. Furthermore, it could also place pressure on public finances as healthcare expenditure and public pension provision costs rise.

‘‘Measures such as increasing the levels of post-retirement employment opportunities, offering more support for women returning to the workplace and investing in youth employment, education and training could help to reduce the impact of these demographic changes over the long term.’’

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Ageing and low fertility rate behind labour force shortage in Europe

As the ageing population rises and fertility rates fall across Europe the continent faces an increasing labor force shortage, according to a recent analysis by a leading data and analytics company.

Lower fertility rates across most European Union (EU) countries is causing a reduction the growth rates of the youth population while increased life expectancy is leading to a steady rise in the growth of the elderly population.

Economic Research experts states that “The populations of most European cities are currently undergoing major demographic changes, which are projected to completely transform their economic and social landscape. We predict that between 2017 and 2025, 184 out of 263 metropolitan areas from the EU-28 will record a negative growth rate in their working age population.

‘‘Most of these cities belong to Germany, the United Kingdom, Spain, Poland, France and Romania. Riga (Latvia) and Galati (Romania) are both expected to register the high-pitched declines in their working age population during this period with a compound annual growth rate (CAGR) of only 2.2% and 1.7% respectively.’’

According to an expert by 2025 more than one-fifth of the population in metropolitan cities from the EU-28 covered by the company’s analysis will be aged 65 years old and over. The old age dependency ratio, which measures the number of elderly people, as a share of those of working age, is projected to increase from 31.2% in 2017 to 35.3% by 2025 across the EU-28 cities, due to the increase in life expectancy and a reduction in working age population. Between 2017 and 2025 Neubrandenburg (Germany) and Galati (Romania) are projected to register the maximum variation in the old age dependency ratio of all EU-28 cities of 14.6% and 13.2% respectively.

Further the expert  added, ‘‘The changing nature of the age structure we are seeing here is expected to increase the burden on the income earning population and could have an adverse impact on the economic growth predictions of EU-28 cities. Furthermore, it could also place pressure on public finances as healthcare expenditure and public pension provision costs rise.

‘‘Measures such as increasing the levels of post-retirement employment opportunities, offering more support for women returning to the workplace and investing in youth employment, education and training could help to reduce the impact of these demographic changes over the long term.’’

[dartconsulting-blog]

RISE OF FINTECH COMPANIES IN INDIA – THE NEW TREND IN DISRUPTION FOR INDIAN RETAIL BANKING SECTOR

https://www.dartconsulting.co.in/market-news/fintech-companies/

The term Fintech is used to denote technology integrated with providing financial services which were traditionally rendered by banks.  With increased use of smartphones and mobile apps, there is a high preference for self-service financial application as well.  Fintech applications are increasingly used for financial services like making online transaction, investment advisory, and payment of bills; resulting in enhanced customer experience, saving time and money.  Most commonly used fintech in India are Paytm, Oxigen wallets, Freecharge, utilized in ecommerce transactions, travel payments in IRCTC and in mobile applications such as MakeMytrip, BookMyShow, etc.  What makes fintech a hot topic now?  Driven by digital technologies, analytics and exceptional customer experience, these companies are competing with the major banks of the industry.

[dartconsulting-blog]

BLOCKCHAIN TECHNOLOGY – BANKING OF THE FUTURE GENERATION – HOW IS IT BENEFICIAL OVER TRADITIONAL BANKING?

Blockchain Technology, most commonly known to the masses as the central theme behind Bitcoin, is based on distributed ledger methodology.  This innovative and sophisticated technology supports cryptocurrencies such as Bitcoin, and utilizes the principles of cryptography, game theory, and P2P networking, to function.

https://www.dartconsulting.co.in/market-news/blockchain-technology-banking-of-the-future-generation-how-is-it-beneficial-over-traditional-banking/