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Analysis of Fintech Markets
(2023)
The technological advancement in the business sector, in particular in the banking world, forces the financial sector to adapt its services. The Fintech companies aim to cope with these advancements and change the money management for clients. The question that arises is how the FinTech companies have developed and if they are profitable. That is the reason for the research of the development of the Fintech companies theoretically and practically, focusing on their financial performance. The methodology used in this paper is for the first chapter gathering existing knowledge of previous studies and including law directives to underline the development and in the second chapter using the information available from the companies itself. One can conclude the development of the acceptance of digitalized banks have increased after the economic crisis in 2008. Furthermore, the regulatory systems have problems coping with the velocity of change and the income of new products and services. The practical analysis of the FinTech companies show, that they do have certain advantages for clients, but are not immune against economic volatility. Having analyzed existing companies is beneficiary for the research field, as for now no practical analysis of the companies have been done. Nevertheless, the limitation of this research is due to the fact of probable biased information from the companies.
This thesis deals with the determination of decision criteria for the development of a fixed-floating mix for non-financial firms and applies them to the example of Heineken.
Existing literature fails to offer a clear guidance on how to approach the fixed-floating decision. Managerial incentives, leverage, the availability of natural hedges, firm liquidity and the shape of the yield curve are frequently mentioned as factors influencing the fixed-floating mix of non-financial firms. I analyse a theoretical approach to constructing the fixed-floating mix and depict the difficulties that such a model based on historical data has in the current interest rate environment.
Conducting a peer group analysis, I study the trends in interest rate risk management in the brewery and alcoholic beverages industry. A clear tendency of the firms in the sample to maintain a high percentage of debt with fixed interest rates is visible. Furthermore, I analyse the risk-return trade-off and conclude that the importance of the fixed-floating split decision for the individual firm depends mainly on leverage and the firm’s capability to absorb volatility in interest expenses, measured by interest coverage.
Additionally, I determine leverage, the level of interest rates, the shape of the yield curve and the comparison to a core peer group as decision criteria Heineken should apply when reconsidering its fixed-floating mix in place. The analysis of these criteria leads to the conclusion that the current interest rate environment, financial metrics of Heineken and the comparison to a core peer group justify having a high percentage of debt with fixed interest rates and can even trigger Heineken to further increase the fixed portion of its debt.
This paper seeks to understand how the financing market for the technology sector has grown from the early 2000s until recently. It seeks to understand how the private equity firms and the venture capital firms view the technology market and what attracts the new entrants into this market. This paper will outline the market situation before the financial crisis and after the financial crisis. It will also seek to define what or how the financing firms view the current market and give a definition of the current market situation for any private equity firm or venture capital firm. This paper will also identify the risk associated and the latest trends of financing done by the Private Equity and Venture Capital Firms
The objective of this piece of research was to find out; to what extent a Software Development Methodology be used in Finance and Controlling, if the perceived benefits of agile methodology (Scrum) are similar to those obtained in Software Development, to what extent the practice of agile scrum in Finance and Controlling deviates from the theory (Scrum Guide). The following was found out about the use of agile scrum in Finance and Controlling. It cannot work on all projects. It will only be effective for projects; with complex problems, with unknown solutions, in unstable environments, with motivated teams requiring input or feedback from end users. Moreover, the results of the conducted online survey helped in finding out that the benefits achieved from the use of agile scrum in Finance and Controlling are similar to those achieved in Software Development. Lastly, the use of scrum in an analysed example in Finance and Controlling was deviating from the theory (The Scrum Guide). For example, a team had three Product Owners responsible for decision making, whereas it is required by the scrum guide to have just one. This resulted to a slow decision making process.
Crowdfunding is one of the greatest financial innovations in finance today, which acts as a financing alternative for start-ups. The advantages provided in this financial structure not only enable entrepreneurs to realise their dream of raising capital but it also enables them to learn more about their product, establish a pre-customer base, pre-sales as well as build their brand though leveraging the internet as a marketing platform for their projects. Start-ups that have succeeded in raising their target funds, acknowledge the benefits they received. Even those that did not achieve their goal still appreciate the experience because through the feedback they receive from the public, they are able to enhance their product and make better decisions for their next projects. Also backers benefit significantly depending on their position; for instance, upon success startups acquire funds, donors on reward- and support-based platforms receive small gifts such as Tshirts, acknowledgements, on pre-purchase platforms backers receive discounts on pre-purchases and in a special case of crowdinvesting, investors receive dividends or equity from the start-up. Also, crowdfunding platform-administrators benefit from it when start-ups accomplish their goal. Start-ups may approach investors, business angels and banks for capital; however, the probability of acquiring funds is subsided and they also do not provides them additional benefits like those crowdfunding delivers. The crowdfunding process is one of the easiest means of funding startups’projects in comparison to that involved whilst seeking funds from banks and venture capitalists as well as business angels.
The major aim of this paper is to analyse how crowdfunding has simplified the means of raising capital for start-ups and how this modern financial instrument is anticipated to develop in the next five years. Withal, the paper seeks to show how crowdfunding has enabled startups to curb their financial predicaments. The paper will firstly, provide the foundation of crowdfunding, including success factors of start-ups. Next the author will analyse how crowdfunding platform operate, then its significance to start-ups including the risks involved. The author will investigate crowdfunding in Europe, America and Australia. Results from the Interviews conducted with start-up founder Dominick Solenick and platform CEOs from Switzerland will be illustrated. Finally, a conclusion based on this research will be provided.
Mergers and Acquisitions are powerful tools for companies worldwide and it has been implemented since many years. However, in a time of globalisation M&A is even more important than ever. There are several reasons for companies to perform Mergers and Acquisitions, such as strategically, political or to prevent bankruptcy (Rosenbaum & Pearl, 2013). However, M&A’s are more often a failure than successes, due to the wrong reasons of a Merger and Acquisition or because of the wrong implementation of such (Bloomberg, 2013).
This study aims to give an insight of how to implement a Merger and Acquisition and what is important to be successful. Therefore, a comparative equation between the cases of Daimler and Chrysler and Exxon and Mobil is conducted to get real life data about a very successful case, here Exxon/Mobil and a very unsuccessful case, here Daimler/Chrysler. These results will show which tools companies should care more and less about, to implement a successful Merger and Acquisition.
Thus, the study will define what a Merger and Acquisition is and how to implement such. Furthermore, it will be carved out how to define a success or failure, which is very critical to the outcome of an evaluation. After the equation of the two cases the question will be dissolved if there is a clear answer on a strict path to follow for a successful merger or acquisition, or is there no formula for a successful M&A.