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[industry-leaders-magazine]

Decoding the ARM IPO 2023: A Detailed Timeline and Analysis

Delve into the comprehensive timeline and expert analysis of the ARM IPO in 2023. Gain insights into the key events and market impact of this highly anticipated technology industry milestone.

[industry-leaders-magazine]

UK to regulate $3.7 billion 'buy now, pay later' fintech companies

With the email inboxes flooded with buy now, pay later (BNPL) schemes, it doesn’t seem a new concept anymore. As the name suggests, it allows consumers to buy a product and make payments later at the end of a stipulated time period. Some of the fintech companies offering BNPL services include Amazon Pay, LazyPay, Simpl, Slice and ZestMoney.

Recently, the U.K. government announced that popular BNPL shopping services will face stricter regulation. According to the treasury, BPNL firms would come under the supervision of the Financial Conduct Authority (FCA), which regulates financial services firms and markets in Britain. 

The fintech companies have largely consolidated their share over the BNPL market last year, which has led authorities to consider regulations.  

Monzo and Revolut, two of the UK’s best-known fintech firms, announced that they are planning to enter the “buy now, pay later” industry.

PayPal, the US online Payments Company has recently acquired Paidy, a Tokyo-based buy now, pay later group marking huge popularity of the BNPL industry. 

Later, the trend was pioneered by the Swedish fintech firm Klarna and Square buying Australian firm Afterpay for $29 billion. Also, another major player in the BNPL industry, Affirm announced a partnership with Amazon.  

BNPL products are used as an alternative to credit cards and have exploded in popularity during the coronavirus pandemic, as people turned to online shopping due to lockdown restrictions.

Considering the rise in popularity gained by the buy now, pay later industry, the regulatory authorities have stepped in to regulate their operations. 

Alice Tapper, a financial campaigner said, “Regulation means consumers will receive the information and protection they deserve. The FCA and government now need to act fast to bring these recommendations into fruition.”

Klarna, which has raised a total of $2.1 billion in funding also welcomes the move toward regulation.

“As a fully licensed bank, Klarna is very comfortable operating in a regulated environment and wholeheartedly supports the regulation of the buy now pay later sector in the U.K.,” a Klarna spokesperson said.

[industry-leaders-magazine]

Leadership Skills That Will Help You Stand Out

Ever experienced that despite achieving targets, you don’t get the deserving recognition? Or have you ever been overlooked during the organization’s meetings?

It might be that you aren’t making enough efforts to build leadership qualities. Working hard and achieving targets may not be enough for being a leader. You might meet all your work deadlines, accomplish tasks and deliver efficient work, but these skills aren’t enough.

Communication skills, strategic thinking, and managerial abilities are must-have qualities of a good leader.

Let’s count onto the leadership qualities list to get it better.

Leadership Qualities That You Must Possess

1. Communication Skills

Effective communication skills pose to be a key leadership role. There’s hardly any job position that allows sitting on the curb and lets you befriend just your computer. Whether it be for teamwork or dealing with a client, communication always sweeps the board of every objective.

You never know who possesses needy skills for solving a particular issue. While you might be grasping at straws, steady interaction and exchange of ideas will bring in innovative ideas and help you meet the challenges at an ease.

2. Problem-Solving Approach

Someone who hesitates or boggles amid dire straits may fail as a leader. A good leader must be in a position to lock and load if any problem arises. S/he must have leadership qualities to navigate the problems that may arise while accomplishing the organizational goal. It is one of the core qualities of a good leader.

If you have a problem-solving approach and can afloat out of difficulties, you might gain a competitive approach successfully.

3. Motivational Skills

Motivation proves to be a vital incentive for growth and success for every professional. Inspire your co-workers, encourage them to work to their best abilities, and motivate them to achieve a shared goal. Leadership roles include influencing our colleagues to make them work with all the stops out. This is how you get a tag of a good leader.

4. Team Building

“Two heads are better than one.” This saying goes well while considering the qualities of a good leader. No single person can achieve the goals amid challenging business culture. Without a team, no leader can achieve goals on his own. Support of a team and its network is what fuels the organizational activities to perform effectively.

Building a cooperative team is considered a key leadership quality. The ability to build a strong team with honed efforts is essential to leaders. The stronger the team network, the greater the leader.

5. Responsibility and Accountability

The team that takes responsibility and accountability attains far more than the ones that don’t. Accountability and responsibility start at the top-level management. It is needed for a leader to be accountable and responsible for what happens, why it happens, and how to resolve it. If a leader is accountable and responsible, he might deliver great results.

6. Strategic Thinking

As a must-have leadership quality, strategic thinking is a crucial element to strategize plans and strategies. For a good leader, critical thinking is needed to attain the maximum out of any deal.

A good leader recognizes his team’s strengths and weaknesses and makes them achieve the best. He pulls the team out of vulnerabilities and implies strategic thinking when necessary.

7. Stimulate innovation

To cope-up with a fast-paced market, a rigid organization rush and dash but reach nowhere. Every organization needs to adapt to recent trends and nurture resources by training. Constant learning and innovation brings in change and encourages new ideas and ambitions. A good leader must be capable enough to invite innovative proposals to keep pace with dynamic trends.

Take into account this leadership quality list and tackle challenges with ease.