By John Cushing, CEO of mnAI
From FTSE 100 firm NMC Health facing an investigation into correct shareholder reporting to London Stock Exchange-listed company Lekoil, for example, falling afoul of alleged fraudulent financing deals, the need to ensure information is current and accurate has never been stronger.
The time-intensive nature and often complex discovery and analysis process of M&A’s is no secret and as deals become larger in scope, private equity firms are focusing their efforts on how best to innovate to ensure their due diligence processes are refined.
The historic use of due diligence processes such as those used by Companies House are no longer enough to meet the large transaction volumes and complex business operations dictating the current environment bound by stricter regulations.
Enter Artificial Intelligence (AI). A technology that has seen uptake soar across a diverse pool of sectors and one set to radically transform business operations and consumer behaviour. AI has surpassed many other disruptive technologies in reducing costs and boosting efficiencies, making it a strong contender in providing businesses with a more competitive advantage.
One area AI has proven immense value is within due diligence services. Using a risk-focused analytic approach, AI can be applied to look at real business performance and identify any inconsistencies in real-time. Using AI, companies can be supplied with a more comprehensive understanding and accurate view of the business or sector they are investigating.
The current climate of Companies House
With data showing that nearly ten percent of all big mergers and acquisitions are not completed annually, measures are required to ensure the fallout of capital and jobs are not widespread. When a deal is cancelled, both share price and reputation is compromised, resulting in termination fee and advisory costs which impact on resources and time.
With each acquisition on the table needing analysis from every angle to locate all potential risks and retrieve all the hard facts to confirm a deal, a more thorough system is necessary to deliver the right information consistently across the deal pipeline.
As it stands, Companies House holds the records of most companies and their filings. The system is currently utilised by business leaders when searching for and considering targets for a prospective M&A in order to evaluate the risks and rewards resulting from a potential acquisition. Used alongside media databases including both national and specialist press, the information encompasses litigation databases and records on insolvency, civil debt and judgments and bankruptcy.
Looking beyond Companies House
Currently, there are 4.4 million active companies on the Companies House register. It may come as a surprise that the UK is one of the easiest countries to set up a company, only taking 24 hours and costing just £12. Companies House currently does not verify the information submitted to its platform and typically does not amend or remove data on the register.
The makeup of Companies House has subsequently led to many concerns surrounding the accuracy and security of data hosted on the register. It is at risk of false information, duplication and the misspelling of director names, and vulnerable to criminal abuse such as setting up fake ‘shell companies’ to facilitate the ‘cleaning’ of dirty money. One notable campaign was by the anti-corruption campaign group Global Witness which investigated PSCs (person of significant control – the person who owns the registered company). In 2018 they found that 4,000 PSCs listed were below the age of two, and one had not yet been born.
While the government reacted to ongoing concerns about Companies House in 2019 by opening up a consultation to improve the system and made a series of recommendations, in its current state it is still too slow to match the frequency and complexity of M&A deals in the UK market.
Companies House will still continue to play a valuable role in the registry of business information, however the powers necessary to adequately investigate current companies on the system notwithstanding ones added each day are likely to take years to implement and will require legislation to support it.
Changing the game with AI
The entire process for identifying and understanding a target company can now be transformed from months to minutes. AI can add significant value to every stage of an M&A deal, from accounts receivable to real-time data collection, the technology can provide in-depth research of business targets from start to finish.
The emergence of an AI-powered deal-flow search engine on the scene can collect huge volumes of data points on UK companies. The breadth of information on office profiles alongside SIC code searching with natural language search to provide predictive modelling for future valuations is now a live opportunity.
This level of AI technology presents an opportunity for target companies to be M&A ready upfront and significantly decrease the amount of manual research required to assess, analyse and forecast a target’s financial growth, online reputational, financial and combined credit scores, as well as their competitors.
If directors and dealmakers are to be more effectively prepared for any M&A deal in today’s climate then a new approach is needed. Less reliance on Companies House will be the next important step to reduce data discrepancies and to fully take advantage of AI-powered data platforms to process, capture and verify data with precision. The future of the UK’s deal-making process is bright but to truly ensure confidence across the market, AI must be fully embraced and integrated to reap the benefits and ensure transactions are accurate, effective and based on real-time data.
How You Can Make Money From Home
There is no secret to making money online, the only secret is your persistence. Hidden away between the tips on starting a wine club, taking up a photography club or joining the wine revolution, there are smart tips that anyone could use to earn money online without having to quit their day job. We have written lots about the many ways people abroad to help finance their lives.
A good place to start with online jobs is with paid surveys. Surveys pay for your time and allow you to earn a bit of extra cash. The reason you will be able to earn more than what you are actually worth is that a survey company will pay to send you their questionnaire so that you can answer it. The more accurate and detailed your answers the more likely you are to get paid.
There are many survey companies available, you need to choose wisely and carefully as some surveys are paid better than others. For example, you may get paid well if you give an opinion on the health of wine or food. You may get paid just as well if you offer an opinion on which type of music you like.
Another great way to make money online is to write articles. You could write an article and then sell it to an affiliate. If someone likes what they read you will get a commission.
If you are unable to write or if you do not have the time, you could hire someone to write for you. This could be someone who has experience in web content writing or a freelance writer. You could also sell your own articles on an affiliate website such as Clickbank or Commission Junction.
It is easy to make money, it can take some time but it is definitely possible. All you need is determination and discipline to keep at it.
Many people overseas have chosen to live off the grid lifestyle. There are many benefits to living this way and one of them is being able to make money from home.
There are also a lot of opportunities to make money doing research online, there is a constant increase in the amount of knowledge that is available to the public. It is much easier to research and discover new ways of earning money. and you can get started in a short space of time. So, I encourage you to give it a go.
One of the easiest ways to make money online is by becoming a blogger. It really is very easy to become a blogger. Just type ‘blogging’ into Google and then fill in all the details. It is easy and it can even start to look lucrative.
Blogging is a good way to earn money if you have an understanding of the basics. You need to write about something that interests you. This could be about your family life, your interests or even a hobby that you like.
Once you have set up a good website for your blog, the next step is to get visitors to it. One way of doing this is by putting up advertisements. This is just the same as writing articles for other websites.
Some people choose to make money by selling products. You can do this in two ways, through a site such as eBay or through affiliate marketing. You could sell e-books or products related to the niche you are blogging about. The great thing about eBay is that there is always a steady flow of visitors.
These two ways are only two of the many ways to make money online. I recommend you look at all the options and find the ones that work best for you. Once you have found them, you will never stop learning about ways to make money online.
How To Avoid the Risks of Poor Credit
Security Finance is an unsecured debt collecting agency that, via a network of affiliated companies, provides “secure” personal loans to consumers who may otherwise struggle to meet their existing debts. Their loans are generally short-term, and their conditions often vary dramatically from those of traditional short term personal loans. The services they provide can be invaluable to both the consumer and the lender.
Security finance offers a wide variety of loans. These include: home equity loans, revolving credit lines, commercial and business loans, car and motorcycle loans, and other types of unsecured loans. These loans can be used for almost any purpose, and they will be more beneficial to the consumer than those offered by banks and other unsecured lenders.
Secured personal loans offer an excellent alternative to the high rate of interest paid by unsecured loans. The interest rates are often less, the terms are easier to meet, and they are often better suited to meeting a consumer’s unique financial situation. The collateral provided with the loan usually allows security that the loan will be repaid in a reasonable amount of time, with little or no difficulty.
Secured loans require the debtor to place collateral, such as his or her car, home, or other valuable asset, in order to receive the money they have been borrowing, and are therefore considered by the debt collector as an attempt to recover something that has been taken. Debt collectors will not hesitate to call a borrower who does not follow the terms of his or her loan agreement and in some cases will go as far as harassing them, calling and/or sending letters in an attempt to collect on a debt.
When applying for a secured personal loan, many borrowers are worried that the debt will affect their credit score. The fact is that there is virtually no correlation between the amount of credit available and the credit score. However, secured loans will typically have a much lower credit score than unsecured loans. This is because the borrower is putting his or her assets in a bank account where they are likely to be liquidated for payment.
It is important to remember that the loan does not negatively affect the credit history. The only time it can result in damage to a credit report is if it is reported incorrectly. If a borrower were to try to pay off a loan on a credit card that was reported as being “lost”, he or she would then be making the error a second time.
Security finance offers consumers an exceptional opportunity for personal development through the use of online applications, and the ability to make several payments on the same day to avoid late fees and penalties. This service also makes it easy to avoid late fees when paying loans off at the end of the month.
The ability to apply for secured loans online provides a tremendous opportunity for the consumer to improve his or her credit score. Security loans can provide a large number of benefits to people who are in financial difficulty, including: low cost, low rate loans, low credit, and the flexibility of being able to make multiple payments.
If you are considering applying for a secured loan but have never applied online, you should take advantage of the opportunity to make several purchases in a short period of time, rather than waiting until the last minute to apply for an unsecured loan. By using the secured finance website, you can save yourself the time and stress associated with filling out an application and can ensure that your credit report shows your financial progress accurately.
Once you have applied for a secured loan, you should also make sure that you understand the terms and conditions of your loan, including any interest rate that may apply to the loan. Be sure that you understand the term of the loan in full and fully. Do not hesitate to ask any questions that may arise. You should always contact the company directly when you feel that you are not fully clear on a matter regarding a loan.
Secured finance loans are a great way to increase your credit score while avoiding the hassle and expense of filling out and paying off an application by mail. Because the borrower is making a direct deposit of money into an account, the credit report that shows up on credit reports is often inaccurate.
How To Find Free Rates On Money Exchange
Money is a common item that can be bought, traded, exchanged or sold. This usually includes the value of the currency as well as gold and silver. Money is commonly accepted as payment of certain obligations, including taxes, and payment of certain goods and services in a specific country or socioeconomic context.
There are three money systems in the world. The first is the use of coins or other units of currency, which are available in fixed denominations. The second is barter. It involves exchanging items of utility with other items of utility. In the third system, known as fiat money, there is no central authority that decides what the money supply is, and the monetary base is determined by political will.
The most common monetary system is the gold standard, which was used as far back as ancient Greece and Rome. In this system, coins were designed to be redeemable for gold bars. Gold, however, had a relatively high price at the time, and most individuals had no access to it. Barter is much more popular today, and most people live their lives in barter, trading items with one another.
In some nations, the second money system is called paper money. Most countries have national currencies, and each government issues money in the name of their country. This type of money is not backed by anything of physical value. It is not held by the government or bank. It is simply made from paper. Since most countries use this kind of money, it is known as the official “money” of the country.
Electronic cash was introduced in 1970. This system is very similar to barter. Instead of bartering for items, electronic money is created electronically. It is created electronically to represent actual objects that can be used as payment, and then is transferred to the buyer. The process is very similar to barter, except that there are no actual goods to be bartered for. It is considered a virtual currency.
There are many different types of money, and each one has its own characteristics. Money in the U.S. has a backing and is created by the federal reserve. Money in England is backed by the pound sterling, while the European Central Bank in Germany uses the euro. has a currency known as the Deutschmark.
Each form of money has its own advantages and disadvantages. People who use different forms of money have their own reasons for doing so. Many people choose to exchange one form of money for the other, to get the best rate on an item they need or want. Some choose the same form of money for more than one transaction.
Money exchange services offer different services to help people get the best rates on money exchange. They include a variety of methods that can help someone get a better rate. Rates vary depending on the length of time you wish to get money, the size of your order, and the current value of the item you are exchanging. Some of these services can also provide you with a credit card or other form of online payment to transfer your money through.
These services are available almost everywhere. You may call around to various companies for rates, or you can check out the Internet. There are several places on the Web that will give you free quotes, and compare rates among companies. It is important that you understand the rules and regulations that govern the rates you receive from these companies before you agree to any deal.
There are several different online providers. You will often find them listed under the names of a variety of different names, such as Money Exchange, Moneygram and eCash. If you are interested in getting quotes from multiple companies, make sure to ask around for quotes from at least three. so that you have a clear picture of how much the rates will vary and from which company to go with.
Many places will offer you a variety of free quotes if you fill out a form. Others will charge a fee for this service. To get an estimate, you should send out several free quotes. and then make sure to follow up with the companies.
To be able to get the best rates, it is very important that you get as many quotes as possible from different companies on the Internet. There are many sites that you can go to. Some will charge a fee to get these quotes.
Dealing with the loneliness crisis with assistive technology
By Karen Dolva, CEO and Co-Founder of NoIsolation Humans are social beings, and for most children, school will be their...
Round Table Feature – Attracting FDI at times of crisis
In recent years the growth of Northern Ireland’s financial services sector has been fuelled by an unbeatable combination of world-class...
UK versus Australia – data regulation on both sides of the world
By Guy Hanson, VP, Customer Engagement, Validity While consumer data privacy continues to be a hotly debated topic and many...
COVID-19 is changing people’s preferences when it comes to BTL investments
By Jamie Johnson, CEO of FJP Investment Throughout 2020, investors have had to navigate increasingly treacherous and volatile market conditions...
Three things to help fintech unicorns grow profitability
By Kash Amini, CEO and Founder of MasLife The new breed of fintech companies is missing a trick with a...
How banks can take on Google in the race for AI talent
By Nicola Sullivan, solutions director at candidate engagement tech firm Meet & Engage The events of 2020 have made the...
Furlough Fraud: genuine mistake or cheating the system?
As the furlough scheme comes to an end, many employers will be at risk of falling foul of its stringent...
Five features that decrease the value of your home
When you’re preparing to sell your house or flat you might think of various steps you could take that might...
Regulatory overlaps cause conflicts, confusion and complexity: is collaboration the answer?
By Rob Fulcher, Head of Business – Americas, CUBE Global Regulatory overlaps are an ongoing, perplexing and often time-consuming anomaly....
Shifting Priorities in the Age of Digital Transformation
Creating the analytics-driven enterprise with a “strategic enterprise intelligence system” By Dennison DeGregor, Vice President of Analytics, Trianz In the...