Category: Tech

Bunq – Dutch online bank – fined €2.6 million by Regulators for anti-money laundering controls

  • Fine imposed: Bunq, the Dutch mobile-only bank, was slapped with a €2.6 million fine (about $3.04 million) by the Dutch central bank, De Nederlandsche Bank (DNB).
  • Why: The regulator found serious flaws in Bunq’s anti–money laundering (AML) systems. Between January 2021 and May 2022, in four separate cases, Bunq failed to properly investigate and report suspicious financial activity.
  • Repeat issue: These weren’t isolated mistakes—DNB noted that Bunq had a history of similar compliance lapses and hadn’t addressed them adequately, even after previous fines and warnings.

Bunq’s response

  • Bunq disagrees with the ruling and has formally filed an objection.
  • They emphasized that they take their “gatekeeper” role seriously and are using advanced tech to continuously improve their systems and compliance.

via Reuters.

Google Search revenues becoming smaller as a percentage of total Google revenues – cloud, subscriptions and YouTube rising fast!

Alphabet’s revenues are become more diverse over time – and quickly!

Google Search revenues now make up only 56.1% of their total revenues and the gap is getting smaller every quarter.

Google Cloud is driving growth in the other areas, but YouTube is also climbing fast as well as other subscriptions and devices (and lets not even talk about Waymo and its potential).

Nvidia Reports Earnings next week – where is this chart headed?

Nvidia earnings are reported next week. It will be very interesting to see how this chart continues to move over the coming quarters and years. I think it is all going higher, but I think we are starting to see a little bit of a slower growth, which hopefully will allow them some breathing space to stabilise a few things.

Uber CEO Talking About Tesla using Camera Vision over LiDAR

Uber CEO on Tesla using Camera Vision over LiDAR: “I think in the near-term it’s going to be very difficult, and

Elon Musk would tell me I’m wrong, and never bet against him, but it’s my instinct — in the near-term it’s going to be very difficult to build a camera only product that has superhuman level of safety. Will it be possible? Quite possibly yes. If you can have instrumentations that include cameras and LiDAR ; the cost of Solid State LiDAR is only $400-$500— WHY NOT include LiDAR as well in order to achieve superhuman safety. So, possible? Yeah it will be — I don’t know when, but is possible the better product? I’m not sure. All of your partners right now are using a combination of camera, Radar and LiDAR, and I personally think that’s the right solution— but I could be proven wrong.”

Full conversation on X here.

How does the current price of XIACF compare to its 52-week high and low

Based on the search results, I can provide the following comparison of XIACF’s current price to its 52-week high and low:

The 52-week range for XIACF (Xiaomi Corp Class B) stock is $1.40 – $2.64.

As of the most recent data available:

  1. The current price is $2.36.
  2. The 52-week high is $2.36, set on May 03, 2024.
  3. The 52-week low is $1.26, recorded in June 2023.

Comparing these figures:

  • The current price of $2.36 is at the 52-week high, just 0.00% below it.
  • The current price represents a 87.3% increase from the 52-week low of $1.26.

This indicates that XIACF is currently trading at its highest point over the past year, suggesting strong recent performance or positive market sentiment towards the stock.

How does Zoho CRM compare to other CRM systems

Based on the search results and my knowledge, here’s how Zoho CRM compares to other CRM systems:

  1. Cost-effectiveness:
    Zoho CRM is generally considered more affordable compared to enterprise-level CRMs like Salesforce and Microsoft Dynamics, making it attractive for small to medium-sized businesses.
  2. Customization:
    Zoho CRM offers high customizability, allowing businesses to tailor the software to their specific needs and workflows.
  3. Integration:
    Zoho CRM integrates well with other Zoho applications and third-party tools, providing an all-in-one solution for business operations.
  4. User-friendliness:
    While generally considered user-friendly, Zoho CRM may have a learning curve for some users. Its interface has been criticized as visually confusing by some.
  5. Feature set:
    Zoho One (which includes Zoho CRM) offers a comprehensive suite of 40+ apps covering sales, marketing, and other business operations. However, some argue that while it can do many things, it may not excel at any particular function.
  6. Scalability:
    Zoho CRM can grow with businesses, but some users find it becomes more complex as more features are added.
  7. Mobile capabilities:
    Zoho CRM offers a mobile app that allows users to access and modify customer data offline.
  8. Automation:
    Zoho CRM provides workflow automation, automated reporting, and other automation features, though they may not be as advanced as some competitors.
  9. Support:
    Zoho offers 24/7 customer support, but the quality of support may vary.
  10. Pricing model:
    Zoho offers flexible pricing options, including a free tier for very small teams. However, to get full functionality, businesses often need to opt for higher-tier plans.

Compared to other CRMs, Zoho’s main strengths lie in its affordability, customizability, and the breadth of its feature set when considering the entire Zoho One suite. However, it may fall short in areas like user interface design and the depth of certain features compared to more specialized CRM solutions.

Why is Zoho Better than the Alternatives and Competitors?

Zoho excels in several areas, making it a popular choice for businesses looking to enhance their operations. Here are the key strengths of Zoho:

  1. Comprehensive CRM Solutions: Zoho CRM is highly regarded for its ability to streamline sales processes, manage customer relationships, and enhance customer service. It offers features such as lead management, workflow automation, and detailed reporting, allowing businesses to effectively track and manage their interactions with customers.
  2. Customization and Flexibility: Zoho provides a highly customizable platform that allows businesses to tailor the software to their specific needs. Users can create custom fields, modules, and workflows, making it adaptable for various industries and business models.
  3. Integration Capabilities: Zoho integrates seamlessly with a wide range of third-party applications and services, which enhances its functionality. This allows businesses to create a cohesive ecosystem of tools that work together, improving overall efficiency.
  4. Cost-Effectiveness: Zoho offers competitive pricing plans that are particularly attractive to small and medium-sized businesses. Its affordability, combined with a rich feature set, makes it a cost-effective solution compared to other CRM systems like Salesforce.
  5. AI and Automation: The inclusion of Zia, Zoho’s AI-powered assistant, helps businesses automate routine tasks and gain insights from their data. This feature enhances productivity by identifying sales patterns and predicting customer behavior.
  6. User-Friendly Interface: Despite some criticisms regarding complexity, many users find Zoho’s interface relatively easy to navigate, which aids in quicker adoption and utilization across teams.
  7. Real-Time Notifications and Analytics: Zoho provides real-time notifications and robust analytics tools, enabling businesses to make informed decisions based on current data and trends. This capability is crucial for timely responses to customer needs and market changes.
  8. Data Migration and Management: Zoho simplifies the process of data migration and management, allowing businesses to transfer their existing data into the CRM without significant hassle. This feature is particularly beneficial for companies transitioning from spreadsheets or other systems.

Overall, Zoho is particularly good at providing a comprehensive, customizable, and cost-effective solution for managing customer relationships and business operations, making it a strong contender in the CRM market.

Constellation Software Revenue by Segment – 2019 – 2024

I came across this amazing chart of the growth of Constellation Software and their revenue by Segment.

As you can see Constellation has been on an amazing growth story since the very beginning and it doesn’t look like it is going to slow down any time soon.

I just wish I could invest in them from the UK, but no broker is really offer an option to buy their stock! If they had this I’m sure it would go even higher faster!

Notion Calendar Android App is Now Live! Download Now

Notion Calendar is launching its Android app! Schedule and control your time on the go like never before. Multiple time zones. Auto-merged events. A clean, fast interface.

Play Store: https://play.google.com/store/apps/details?id=com.cron.calendar&pli=1

Here is a video of the new Notion Calendar app to give you a bit of a taster of what you can expect.

Amit Interviews Robinhood CEO and Co-Founder, Vlad Tenev. Robinhood Gold Economics and more.

The other day I just came across Amit on YouTube and noticed that he sat down and interviewed Robinhood CEO and Co-Founder, Vlad Tenev.

It’s a great interview and really worth the watch.

My favourite part is them talking about the new Robinhood Gold and the economics behind the product.

Apple Maps Cycling Data Now Live in The Netherlands and other countries on iPhone and Apple Watch

Apple Maps users in the Netherlands are now able to access cycling route data on their iPhones and Apple Watches.

Locations currently supported are:

  • Australia
  • Barcelona, Spain
  • China mainland
  • France
  • Germany
  • Japan
  • London, United Kingdom
  • Montréal, Canada
  • Toronto, Canada
  • United States
  • Vancouver, Canada