Financial technology, also known as FinTech is an industry composed of companies that use new technology and innovation with available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services.
The use of mobile apps is embedded in the average Mauritian’s everyday life while the country already provides services such digital insurance, mobile banking amongst others.
Several enterprises, particularly those aiming towards Africa, are already using Mauritius as a viable Fintech platform. The stable business climate and well-established corporate governance culture in Mauritius, favorable time zone, excellent connectivity and highly-educated labour, mitigates the high-risk profile of certain African countries.
Question :
Select a local company of your choice which provides FinTech services and Explain the services provided by the chosen company & justify why the provided services falls under the FinTech umbrella of technologies.
(Answer should be preferable of a bankinf sector in Mauritius - 2000 words)
In: Accounting
Financial technology, also known as FinTech is an industry composed of companies that use new technology and innovation with available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services.
The use of mobile apps is embedded in the average Mauritian’s everyday life while the country already provides services such digital insurance, mobile banking amongst others.
Several enterprises, particularly those aiming towards Africa, are already using Mauritius as a viable Fintech platform. The stable business climate and well-established corporate governance culture in Mauritius, favorable time zone, excellent connectivity and highly-educated labour, mitigates the high-risk profile of certain African countries.
Question:
The Mauritius Central Automated Switch (MauCAS) is a novel state-of-the art digital hub fully owned and operated by the Bank of Mauritius for routing payments among operators on a 24x7 basis. Do you believe MauCAS will be a success or failure in Mauritius? Justify your answer.
Answer should be in 1000 words
In: Operations Management
What is the relationship between innovation and ultimately economic growth? What are the factors which lead to innovation? Are there policies that a government can take to encourage innovation? Please answer in 250 words or more
In: Economics
recommendations for below senario:
Innovation is considered a core competency for a Professional Service Firm. Analyse the innovation literature in the PSF domain and explain how service innovation contributes to maximizing the performance of a PSF.
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A new technology makes workers more productive. What happens to
the real wage in a competitive market?
Select one:
a. It goes down
b. It goes up
c. It reduces demand for workers
d. It doesn’t change
In: Economics
Introduction to Management
Hi please answer the question based on TOPIC 9: CREATIVITY, INNOVATION & DESIGN Lecture + Robbins Ch. 7, 13
“Innovation is change that adds potential value”. Discuss this statement drawing on the ‘Dimensions’ component of the Innovation Management (IM) Framework. In your answer discuss the aspects of innovative leadership that a manager would draw on when managing innovation in fast-changing environments. Also discuss the innovation climate and culture that an organisation would need to adopt in a fast-changing environment. Use examples to illustrate your answer.
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Week 4 Discussion Collapse "Sources of Innovation" Please respond to the following: Discuss the two (2) sources of innovation classified as knowledge push and need pull. Provide an example of each classification and discuss two (2) driving factors that encouraged the development of these innovations. Select a type of innovation, discussed in the text, and present a strong argument why this source of innovation would be most effective in developing a competitive advantage for a specific company or industry of your choice. Be sure to explain in your response why you selected this innovation.
In: Operations Management
On July 1, 2019, the Morgan County School District received a
$69,000 gift from a local civic organization with the stipulation
that, on June 30 of each year, $5,400 plus any interest earnings on
the unspent principal be awarded as a college scholarship to the
high school graduate with the highest academic average. A
private-purpose trust fund, the Civic Scholarship Fund, was
created.
Required:
a. Record the above transactions on the books of the Civic
Scholarship Fund.
b. Prepare a Statement of Changes in Fiduciary Net
Position for the Civic Scholarship Fund for the year ended June 30,
2020.
Requirement 1:
On July 1, 2019, the gift was received and immediately invested. Record the entry for receipt of the cash gift.
On July 1, 2019, the gift was received and immediately invested. Record the entry for the investment of the cash gift.
On June 30, 2020, $5,400 of the principal was converted into cash. In addition, $4,400 of interest was received.
On June 30, the $9,800 was awarded to a student who had maintained a 4.0 grade point average throughout each of her four years.
The nominal accounts were closed.
Requirement 2:
Prepare a Statement of Changes in Fiduciary Net Position for the Civic Scholarship Fund for the year ended June 30, 2020.
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In: Accounting
At the middle year 2020 ，there is an outbreak that causes patients to have fever，cough ，and breath difficulty. Discuss how methods in DNA recombinant technology can be applied to identify X virus that causes the recent outbreak. Based on a flowchart, explain steps involved accordingly and in details. (10marks)
In: Biology
PLEASE ANSWER AND MAKE A SOLUTION.
1. The capital accounts of Kamprad, Inc. on December 31, 2019, were as follows:
Preference share capital, 20,000 shares, $20 par =
$400,000
Share premium - preference = 160,000
Ordinary share capital, 50,000 shares, $80 par = 4,000,000
Share premium – ordinary = 600,000
Retained earnings = 360,000
During the year ending December 31, 2010, the following summarizes the transactions affecting the shareholders’ equity
April 30 - 1,000 preference shares were retired at $25 per share.
June 15 - 2,000 treasury shares, ordinary, were purchased at $85 per share.
June 30 - A two-for-one ordinary share split was declared.
July 31 - 800 treasury shares were reissued at $50 per share.
Dec. 31 – Profit for 2010 was $300,000.
What was the total share premium on December 31, 2020?
a. $760,000 c. $755,000
b. $766,000 d.
$761,000
2. Black Corporation was organized on January 3, 2020. Black was authorized to issue 50,000 ordinary shares with a par value of P$10 per share. On January 4, Black issued 30,000 ordinary shares at $25 per share. On July 15, Black issued an additional 10,000 shares at $20 per share. Black reported income of $33,000 during 2020. In addition, Black declared a dividend of $0.50 per share on December 31, 2020. The amount reported on Black Corporation's December 31, 2020, balance sheet as shareholders' equity was
a. $400,000 c. $550,000
b. $950,000 d. $963,000
3. White Corporation was incorporated on June 1, 2020 with an authorized 200,000, no-par, ordinary shares, stated value $10 and 10,000, 9% par value $30, preference shares. Transactions affecting company’s equity as of July 31, 2020 were as follows:
June 1 - 50,000 ordinary shares were issued at $10.
June 5 - Assets with a total appraised value of $600,000 were acquired in exchange for 50,000 ordinary shares.
June 15 - Subscriptions were received for 100,000 ordinary shares at $15 and for 5,000 preference shares at $35.
June 25 - Payments in full for the ordinary and preference shares subscribed June 15 were received and the corresponding shares were issued.
The total shareholders’ equity as of July 31, 2020 is
a. $2,875,000 c. $2,750,000
b. $2,300,000 d.
$2,775,000
In: Accounting