How are we going to pay? 5 FinTech trends of the nearest future
Financial technologies industry is growing rapidly and change in customer habits due to pandemic only accelerated this. This article will tell about 5 trends that are going to be relevant in the next years.

Solutions to increase financial literacy
Raising the level of financial literacy will be the key task of FinTech companies. Those customers who have used online service for a long time, usually have a favourite bank, and change their choice is not easy.
The new companies will focus on consumers who still use cash and transition them to online services as this trend will intensify.

Digital currencies of the Central Bank
More and more central banks are considering launching new forms of money – digital currencies. However, each country has its own view of what they should be like.
A year and a half ago, the National Bank of Ukraine conducted its own study on the possibility of issuing e-hryvnia. According to the results of testing, the NBU gained valuable experience.

Bank in smartphone
Due to the pandemic, the bank in smartphone has become not just a technological luxury, but a vital necessity. Fintech companies, which were able to offer convenient remote banking services, found themselves in a good position in the market.
There is growing competition between banks over who will create a more convenient bank in a smartphone.

Biometric identification with artificial intelligence
The voice biometrics system is a replacement for passwords and codewords that is already used in some banks. The system uses about a hundred different voice characteristics, which together make a unique combination. Identification requires 10 seconds of conversation.
These solutions offer easy ways to solve customer problems.

Banking that is open to all
The concept of open banking is necessary for fintech companies to access banking data through application programming interfaces. This concept allows you to control financial information of consumers by third-party programs.
Currently, there are concerns, which are related to the disclosure of consumer banking data.

It is obvious that the fintech industry will continue to grow, and companies will continue to develop technologies for consumer convenience, their own openness and transparency.

The LTC75 laser cutting machine is an efficient and reliable tool designed for precision sheet metal cutting.

The system of movement of preparation on linear drives gives higher accuracy and reliability of a complex in comparison with other systems.

Collection of small details takes place by means of special mobile mesh pallets, and for removal of the gases formed in the course of cutting the extract is provided. LTC75 is equipped with a technological table to simplify the process of loading metal sheets.

The laser machine is easy to operate – it is equipped with software that allows you to use engineering drawings, technical settings for the laser, the coordinate parameters of the workpiece.

The LTC75 laser cutting machine allows:

– cut the metal exactly (± 0.01 mm) positioning it along the X and Y axes;

– move the workpiece at a speed of 100,000 mm / min;

– collect small blanks systematically;

– save task settings;

– use any computer-aided design systems;

– perform automatic checking and self-diagnosis.

‘Your price should not be low, should not be minimal, but optimal’, according to Deloitte report
There is a need for a new approach to price formation as old mechanisms for setting the price have become irrelevant. Therefore, ‘price reduction’, or ‘price lower than that of the competitor’ strategies are no longer bring the needed result.

In other words, the price for the customer should always be justified and based on substantial analytic grounds. If that is not the case, then it can destroy the margin because the supplier or competitor may change the price in any moment.
The third point that “destroys” the price shelf is the relationship with suppliers, due to the fact that viewpoints may drastically differ. The supplier is interested in having only his product on your shelf, and you are interested in providing the selection of the product to the buyer.
If we look at customer’s behaviour on the website, then we can understand whether he/she is going to buy anything or not with the likelihood of almost 100%. In any case, the seller will do everything for the customer to make a purchase. Subsequently, using this data in personalized-contextual pricing, one can form a price for a price cluster. In Ukraine, this is already being put in practice, in particular with one gas station network.

Nowadays, technologies can help us to weigh so many pricing factors. Some of them are following:
• Elasticity
• Brand perception
• Motivation
• Cash expense
• Bonuses
• Consumer behaviour
• Seasonality
• Positioning
• Shelf position
• Range
• Communication channels

There are also goods that are ‘interrelated’. In short, one product changes the price indices of another. There is a need to change the price – today this product may cost x, but in a week, it may be a 2x or even 3x. By changing the price of one product, you affect the shelf and the relationship between products.

It is also important to consider the contribution of the product to the overall success. There are products that have a relationship with each other – for example, milk and eggs, as well as toilet paper and toothpaste. This system demonstrates that a single optimization group is strongly required in modern trade system.

A prominent case is displayed below:
Samokat.ru – one of the largest delivery services in Russia with more than 400 dark store and $123 million annual income.

Before:
• The pricing policy did not match the needs of the business during the cumulative growth in 2020.
• Due to a large number of managers, they lost control over key indicators – revenue and margin.
• Overestimation up to 4 hours daily
• Lack of unification and standardization of pricing
• Lack of analysis and flexible price management system

After:
• Time spent on pricing has been reduced from 4 hours for 200 stores to 30 minutes for 500 stores per day
• Managers got a unified pricing workspace without tables and separate tools
• Introduction of ‘what if’ analysis – managers now make decisions based on the predictable effect of change
• Increase of the efficiency of pricing through differentiated prices.

Рус версия статьи https://retailers.ua/news/menedjment/12006-vasha-tsena-doljna-byit-ne-nizkoy-ne-minimalnoy-a-optimalnoy-ceo-competera-aleksandr-galkin-o-tsenoobrazovanii-v-riteyle

Good afternoon, dear readers.

Today we are going to tell you about the following equipment of ✅Eurostand✅ tool park.

We offer you an automatic machine for bending wire UMW-100 (England). It is designed for decoiling, straightening, and bending of wire products. The whole process is performed automatically by a pre-loaded program.

UMW-100 can produce flat products (frames, rings, ovals), products with variable and constant radii, enclosed contours of simple and complex shapes with a set of variable equipment.

The UMW-100 machine consists of:

• unique system of flatness adjustment that allows to receive absolutely flat products even from a twisted wire;

• automatic module that can weld parts of the wire in a pulse way;

• simple and clear software interface for equipment management.

Features:

• bending speed of about 1000 degrees per second which is 3 full 360° turns;

• wire feed speed of about 1400 millimetres per second.

Basic requirements for the workpiece:

• diameter of a steel wire from 3 to 10 mm;

• the maximum size of a square frame is 1200х1200 mm;

✅Eurostand✅ company uses this equipment to make mesh parts and decor for commercial equipment.

The machine consists of a decoiler, a straightening unit, a wire feed unit, a bending and cutting mechanism and a welding module. It is not equipped with hydraulic units or components, which in turn significantly increases the reliability and accuracy of work. All functions of the equipment are performed by servomotors.

The automatic UMW-100 wire bending machine allows ✅Eurostand✅ customers to receive products bent into any shape to implement the most daring ideas.

It is impossible to imagine modern trade without advertising goods at points of sale. Not surprisingly, most people decide to buy a product right at the time of purchase. One of the important factors that pushes the potential buyer to purchase is an advertising stand or stand for the sale of goods.

The branded advertising rack allows to highlight the advertised goods among potential competitors, informs the client about specific features and advantages of the given product and raises the image of product in general.

Branded advertising stands represent constructions of unique design, which are created, considering the features of the product or product that is being sold.

The ✅Eurostand✅ company produces branded advertising racks, stands made from metal.

By contacting us, you will receive assistance in the manufacturing of commercial equipment with advertisement of your brand, which will meet your requirements.

Today, stands made from metal are becoming the most effective way to express yourself and introduce as many people as possible to your products or services.

This year, due to large volumes of orders at the production site of ✅Eurostand✅, an automatic line for applying polymer coatings «Ideal-Line» was launched.

This is a huge complex that allows you to automatically paint metal products.

This machine is necessary for acceleration of the painting stage, quality improvement, reduction of  associated costs and reduction of  emissions into the atmosphere,  all these becomes possible due to up-to-date filtration system.  In addition to the above said, this unit is equipped with state-of-the-art process control systems and security systems.

How does the unit work?

A workpiece is installed on the line, which enters the sink chamber via an automatic conveyor. This chamber uses special liquids that clean the metal from dirt, grease, rust and shavings.

After washing, the workpiece is dried in a tunnel drying chamber at a temperature of 110 degrees Celsius.

Pure and dried metal items then get to the powder coating chamber. The application process is automatic and is pre-configured before starting painting the batch of workpieces. A worker (painter) can also take part in the process by using a hand gun to apply powder paint to hard-to-reach places.

The next step is polymerization.

Workpieces with the applied powder paint get to a polymerization chamber, which is in fact – a furnace. When inside the items  are exposed to high temperatures, from 180 to 240 degrees Celsius, depending on the requirements for powder paint.

At the final stage, the workpieces are cooled, moving along the conveyor to the packaging area.

As a result, the time spent on painting for one workpiece is equal to the time spent on hanging and removing the workpiece from the conveyor line.

Let’s continue to get acquainted with the production facilities of ✅Eurostand Company✅.

Today the focus is on a laser pipe cutter. If you think that it can only cut pipes, then let us tell you a bit more. 

With the help of a pipe cutter, our specialists realize the most creative ideas of our customers. This is not only specific automatic equipment for cutting metal pipes and girders/cross-sections but also for carving on their walls any geometric shapes. 

With the help of this equipment there is no problem to cut workpieces in length for up to 6 (six) meters long. The outer diameter is allowed from 20 to 200 millimeters. The thickness of the walls of the workpiece which can be cut reaches up to 4 (four) millimeters. 

The computer controls the process: we download the necessary files, install the pipe in the clamp that manipulates it in all directions, press the “START” button and watch how quickly the digital idea is implemented in the material one. 

Straight and oblique cuts, carving of any pattern, perforation on a square or round pipe and girders – a laser pipe cutter is an indispensable unit in the production facilities of ✅Eurostand Company✅. All this is an integral part of the commercial equipment production process. 

So what do we have as a result?  Here we go: brackets are installed into the perforated square pipes,  shelves are taking their place and the rack is ready to meet the new owner to serve him for a long time in a stable and skillful way.