Medtronic CEO says business is recovering faster than expected

Medtronic has published no formal guidance on what investors can expect in the next six months, but executives have been projecting confidence that the medical device maker is ready to capitalize in a down market.

In a telephone interview ahead of a company investor presentation Wednesday, Medtronic CEO Geoff Martha said health care markets in the U.S. and Europe have been recovering from the COVID-related slowdowns faster than expected.

The result is that Medtronic could return to a normal level of growth in revenue and profits by January, Martha said. That’s an upgraded outlook since August.

“We … told investors on our earnings call in August that we would be back to our normal level of growth, that single-digit revenue growth, and our normal level of profitability, by the end of our fiscal year in April 2021. But things are moving faster and improving even better than what we thought,”

Read More

Mastercard, Signzy Tie Up for Faster KYC Process Completion

Mastercard Incorporated MA recently collaborated with India-based RegTech startup — Signzy. The startup is best known for offering a digital onboarding solution, which eases the otherwise time-consuming KYC (Know Your Customer) process for clients, which comprises more than 90 financial institutions of India including banks, NBFCs, insurance firms, asset management companies and many more as well.

With this alliance, Mastercard’s customers will be able to avail Signzy’s remote and secure onboarding solution — Video KYC. The solution, which is equipped with artificial intelligence (AI) and machine learning (ML) technologies, will enable faster completion of KYC application by customers from the comfort of their homes. Not only does Video KYC feature security protocols to avert fraudulent activities but it is also capable of handling enormous volumes of video KYC transactions.

It is worth mentioning that the solution also enables paperless customer onboarding, which will actually accelerate the KYC process by 99%

Read More