Latest news with #CAMS
Euronews
4 days ago
- Climate
- Euronews
Is climate change fuelling Europe's early, extreme wildfire season?
An area almost the size of Luxembourg has been burnt by wildfires in Europe so far this year, according to the EU's European Forest Fire Information System (EFFIS). As of 15 July, the cumulative total of scorched land stands at 231,539 hectares - 119 per cent above the long-term average of 105,586 hectares for this time of the year. In recent weeks, wildfires have forced tens of thousands of people to flee their homes and claimed at least three lives in Türkiye, necessitated lockdowns in Catalonia, led to mass evacuations from Crete, and caused havoc around Marseille. This list is not exhaustive, and is certain to extend as summer swelters on. 'We can see that it's looking fairly extreme this year,' explains Sarah Carter, a research associate at Global Forest Watch. 'This is perhaps what's to be expected because we know that 2023 was the warmest year on record, 2024 was the warmest year on record, so we're expecting that these hot, dry conditions are just going to continue,' she says. 'It's this kind of perfect storm of heatwaves, drought, and also the way that we manage our forests, which are driving forest fires.' How is climate change fuelling more wildfires? EFFIS data shows the weekly cumulative number of fires is significantly above average, too. It stands at 1,230 as of 15 July, compared to the average of 478 for this time of year. However, most of this increase was felt in February and March due to dry and warm conditions in western and central Europe. The same is true of the unusually high figure for total area burned. A European Commission official clarified that figures for burned areas after March are very similar to the long-term average. Carter isn't totally sure why some fires are moving earlier in the year. But, broadly speaking, she attributes it to the trend of summers getting warmer and hotter for longer, due to the rise in greenhouse gas emissions from burning fossil fuels. 'If a fire season is normally concentrated in a couple of very hot months in the middle of the summer, it's going to expand either side of that because of the way that the climate is warming,' she explains. 'The warm summer season is basically expanding.' Increased carbon emissions in the atmosphere drive hotter conditions with less rain. This dries forests out, making them more prone to fires, and meaning that larger areas go up in smoke. Up to 16 July, the total estimated carbon emissions from wildfires across all EU countries are 1.9 megatonnes of carbon, according to Mark Parrington, senior scientist at Copernicus Atmosphere Monitoring Service (CAMS). That's based on CAMS' data from its Global Fire Assimilation System (GFAS). Emissions from wildfires feed into a devastating cycle, making forests even more vulnerable, and so fires more extreme. Which countries have been particularly scarred by wildfires this year? In Türkiye, wildfires in late June and early July have resulted in record burned area figures for this time of the year, the EU Commission official says. This record figure has been driven by the large scale of some of the fires. These huge blazes have pushed emissions to a record high in the 22 years of the GFAS dataset, Parrington adds. They are currently around twice the average for the time of year, as fire emissions typically increase at the end of July and into August for Türkiye. Fire emissions from the UK have also reached their highest annual total of the past 22 years, he says, following large fires in Scotland. In wildfire-prone Greece, fires have resulted in a higher-than-usual total burned area for this time of year, too. But it's Romania that leaps out of the bar chart when looking at the EFFIS data for the percentage of the country's area burned by wildfires. Around 23,000 hectares are burnt on average each year, while for 2025 the figure stands at 123,000 hectares. Again, officials link this to the anomalous dry and warm fire-spreading conditions from February to March. Since April, burned area figures in Romania have stabilised. It can seem 'like the whole of Europe is on fire,' says Carter, 'but actually northern Europe is fairly resilient to fire.' According to GFW's annual tree cover loss data, only 3 per cent of tree cover loss in Europe last year was due to fire; the vast majority was instead caused by forestry. But in southern Europe, it's a different story. The impact can be devastating, with huge proportions of forest loss caused by wildfires in Portugal, Greece, and Spain in recent years. Some fires are becoming unfightable Better forest management involves embracing a mosaic model, says Carter, with diverse levels of vegetation, and steering clear of flammable species like eucalyptus. Keeping moisture in the soil is key, as is creating fire breaks by removing any flammable material. But in some areas, the combination of dry conditions and strong winds means 'some fires now are just not going to be able to be fought.' This makes early warning systems essential to keeping people safe. Using EFFIS data, the Commission's Joint Research Centre (JRC) issues fire alerts, while the Global Forest Watch also provides 'disturbance alerts'. 'I don't really expect anything much different to business as usual this summer,' says Carter. 'So I think people have got to be prepared for worsening air quality, for dangers to their houses, livelihoods, businesses, and tourists going to these southern areas have to be aware.'
Mint
6 days ago
- Business
- Mint
Mutual funds, retail investors raise stake in this mid-cap multibagger stock in Q1. Do you own it?
Mutual funds have increased their stake in Computer Age Management Services (CAMS)—India's largest registrar and transfer agent for mutual funds—during the first quarter of the current fiscal year (Q1FY26). As of the end of June 2025, 33 mutual funds collectively held an 11.4% stake in CAMS, equivalent to 56 lakh shares. This marks a notable increase from the 10.69% stake held at the end of the March quarter, according to shareholding data from Trendlyne. Meanwhile, Life Insurance Corporation of India (LIC) also held a 2.85% stake in the company. Key mutual funds currently invested in the stock include Canara Robeco Small Cap Fund, UTI Mid Cap Fund, Axis Small Cap Fund, and ICICI Prudential Innovation Fund. Retail investors, similar to mutual funds, also increased their stake in the company to 30.7%, up from 28.3% in the March quarter. Foreign investors, on the other hand, trimmed their stake to 52% from 55% in Q1FY25. CAMS holds a 68% market share among registrars and transfer agents in the mutual fund industry, based on mutual fund average assets under management (AAUM). It services 26 out of 50 fund houses, including 10 of the top 15 mutual funds. In FY25, CAMS managed about 132 new fund offers, mobilizing a cumulative amount of ₹ 73,400 crore. The growth in mutual fund AUM has gained momentum, supported by consistent SIP inflows and mark-to-market (MTM) gains. Domestic brokerage firm Motilal Oswal expects this trend to continue, driven by the increasing adoption of mutual funds as a preferred savings product. Direct investing through discount brokers has also grown in popularity, and with mutual fund penetration still at just 4%, the brokerage expects this growth trajectory to be sustained. CAMS Pay recorded significant growth in UPI-based mandate registrations, rising 25% quarter-on-quarter in Q4FY25. As UPI AutoPay becomes the preferred method for SIPs and recurring purchases, CAMS is well-positioned as a key infrastructure partner for AMCs and distributors. With strong backend integration, CAMS Pay is emerging as a critical component of the recurring digital payments infrastructure for the financial services sector. Despite several tailwinds for the company, the brokerage has largely maintained its earnings estimates for FY26 and FY27. It believes that healthy AUM growth and increasing traction in non-mutual fund segments will offset the decline in yields, as indicated by the management. The brokerage expects CAMS' revenue and PAT to grow at a CAGR of 11% and 12%, respectively, over FY25–FY27E. It has retained a BUY rating on the stock with a one-year target price of ₹ 5,000, based on a P/E multiple of 42x on FY27E earnings. The company's shares made a strong comeback in March 2025 after witnessing severe selling pressure in the preceding two months. From the February low of ₹ 3,126, the stock has gained 64%, ending the last four months in the green. Over the past three years, the shares have more than doubled. In December, the stock crossed the ₹ 5,000 mark for the first time, hitting a fresh all-time high of ₹ 5,367 apiece. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
7 days ago
- Business
- Business Standard
Borrowing to survive: 93% of India's under ₹50K earners turn to cards, BNPL
A new study by a CAMS company, reveals a significant shift in how India's low-income earners borrow and manage cash flow. Based on behavioral data from over 20,000 borrowers, the research shows that A whopping 93% of salaried individuals earning under ₹50,000 per month now rely on credit cards, with a growing number turning to Buy Now, Pay Later (BNPL) products to manage daily expenses and working capital needs, as per a new study by a CAMS company. Based on behavioral data from over 20,000 borrowers, the research shows that credit cards have now become essential tools for short-term liquidity among India's underserved segments. Among the self-employed earning under ₹50,000/month, 85% use credit cards, while BNPL usage is also significant—18% among the self-employed and 15% among salaried users. This shift is especially evident among those earning below ₹25,000/month, many of whom are New-to-Credit (NTC) or Existing-to-Credit (ETC) borrowers. These groups often juggle multiple loans, making them more vulnerable to defaults and late payments. 'Credit cards and BNPL are no longer aspirational luxuries—they've become financial necessities,' said Amit Das, CEO of 'We must use alternative data and AI to responsibly expand access to credit while managing risk.' Further, 74% of individuals earning under ₹20,000 take multiple loans to manage their needs, often leading to higher EMI defaults and increasing their lending risk profiles. The Lending Risk Score shows that 35% of self-employed and 25% of salaried borrowers fall into the high-risk category, demanding smarter credit evaluation techniques. These behaviors are deeply tied to India's evolving digital credit ecosystem. Key Findings from the Study: 60%+ rely on personal and gold loans. Only 28% of self-employed individuals invest, versus 75% of salaried individuals. Insurance penetration: 71% (salaried) vs. 47% (self-employed). UPI adoption is near-universal: 89% (salaried), 92% (self-employed). Self-employed individuals are more likely to hold multiple loan accounts and use a mix of secured and unsecured credit options. As a result, traditional credit scoring models may fall short in assessing these consumers. emphasizes the need for AI-based risk models that incorporate alternate data such as UPI history, mobile usage, GST filings, and digital payment patterns. India's fintech sector disbursed over ₹92,000 crore in personal loans in FY23, accounting for 76% of all new loan originations by volume. Many of these are small-ticket loans averaging ₹10,000, especially targeted at borrowers without a formal credit history. If you're a low-to-moderate income earner using digital credit tools, it's crucial to:
Business Upturn
15-07-2025
- Business
- Business Upturn
ACAMS Launches Enhanced CAMS Certification to Combat Evolving Financial Crime
Washington, DC, July 15, 2025 (GLOBE NEWSWIRE) — ACAMS, the global leader in anti-financial crime (AFC) certifications and training, today unveils its next generation Certified Anti-Money Laundering Specialist (CAMS) certification in response to the rapidly evolving financial crime landscape. The enhanced CAMS program offers a tailored learning experience, extended case studies in multiple industry segments, increased coverage of anti-money laundering (AML) tools and technologies, and a new exam simulator tool. For over 20 years, the CAMS certification has been the international gold standard for AML professionals. To date, the organization has certified more than 140,000 professionals in over 200 jurisdictions and territories, and in 14 languages. Building on this legacy, the next generation program reflects the rapid changes across the industry and the need to equip professionals to meet these challenges. 'The fight against money laundering knows no borders,' said Neil Sternthal, CEO of ACAMS. 'With our enhanced CAMS certification, we're not just keeping pace – we're staying ahead of the curve to help financial crime fighters meet the moment. Whether they're at a retail bank in New York or a payments firm in Singapore, CAMS equips professionals with the cutting-edge content and practical knowledge they need to combat financial crime globally.' The enhanced CAMS program was developed with extensive feedback from ACAMS' global member community and includes a modular learning experience centered around four self-paced courses that combine global AML standards with practical application and regional relevance. These core modular courses are: Understanding Risks and Methods of Financial Crime Global AFC Frameworks, Governance, and Regulations Building an AFC Compliance Program Tools and Technologies to Fight Financial Crime In addition to the core curriculum, CAMS candidates can choose two elective courses focused on a specific sector and jurisdiction. Sector case study options include Retail and Commercial Banking, Money Services Businesses (MSBs), Payment Service Providers (PSPs), and Virtual Asset Services Providers (VASPs); while jurisdictional options include U.S., UK, EU or Canada, offering an in-depth analysis of local AML regulatory framework. Additional sector case studies such as gaming, private banking and wealth management, with jurisdictions such as China, Australia, the UAE, and Japan, are planned to be offered soon. The enhanced CAMS program also features an upgraded exam simulation tool to help candidates confidently prepare for the CAMS exam, with progress tracking and over 1,000 practice questions. The updated certification is now available in English, with additional languages available in 2026. In addition to their certification, ACAMS members gain access to monthly continuing education webinars and resources such as white papers, infographics and best practice guide, with timely expert analysis of changes in the AFC space. To learn more about the enhanced CAMS certification program, visit . ### About ACAMS® ACAMS is the leading international membership organization dedicated to providing opportunities for anti-financial crime education, best practices, and peer-to-peer networking to AFC professionals globally. With over 115,000 current members across 200+ jurisdictions and territories, ACAMS is committed to the mission of combatting financial crime through the provision of anti-money laundering/counterterrorism-financing, anti-fraud and sanctions knowledge-sharing, thought leadership, risk-mitigation services, and platforms for public-private dialogue. The association's CAMS certification is the gold-standard qualification for AFC professionals. It also offers CGSS certification for sanctions professionals, CAFS certification for anti-fraud professionals, and CCAS certification for AFC practitioners in the crypto space. ACAMS' 60+ Chapters globally further amplify the association's mission through training and networking initiatives. Visit for more information. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Indian Express
12-07-2025
- Business
- Indian Express
Man retires at 45 with Rs 4.7 crore savings; nephew reveals, ‘He invested early in…'
At a time when flashy careers and high-risk trading often dominate conversations about wealth, a Reddit post is quietly shifting perspectives. Shared on the r/IndianStockMarket subreddit, the story of a man who retired at 45 with Rs 4.7 crore in savings–without a high-paying job, a business, or stock trading–has struck a chord with netizens. The post titled 'He retired at 45 with Rs 4.7 crore,' was shared by the man's nephew, who credits his uncle's financial success to nothing more than consistency and early investing. 'This was my uncle. Never had a flashy job, never built a business, never traded stocks. Just a boring job that paid decently,' he wrote. What made the difference was discipline. Back in 1998, when mutual funds were still a mystery to most people around him, the uncle began investing Rs 10,000, a significant amount at the time. Eventually, he started a Rs 500 SIP (Systematic Investment Plan) and steadily increased the amount as his income rose. 'By 2010, he was putting in Rs 20,000 a month. He never stopped,' the post read. When his nephew once asked how he'd pulled it off, the uncle didn't offer a lecture–just a CAMS statement and his bank passbook. The total: Rs 4.7 crore. But perhaps what truly sets him apart is the way he has lived. No luxury apartment, no fancy cars, and only one vacation, Kerala. He's lived in the same modest 2BHK for over 30 years and rode a scooter most of his life. Only now, in retirement, do they — he and his wife — travel more regularly–'almost every weekend,' according to the post. Yet there's still no showiness, just a quiet, contented freedom. 'Kids have no idea about his net worth. He's my go-to for anything practical in life. And honestly, he's the only real inspiration I've needed,' his nephew wrote. The post has received over 9,000 upvotes and sparked widespread admiration. Users hailed his story as proof that patience and simple financial habits can pay off in the long run. Others, while impressed, wondered whether such a frugal lifestyle came at the cost of enjoyment in his younger years. A user wrote, 'I appreciate him saving money at an early stage, but not at the cost of compromising every stage of life. But good that he is free now and will be free rest of his life.' Another person commented, 'He wasted his life practically. Lived like a convict in a jail. At 45 yrs, I don't think he will have the same energy and conviction to live and enjoy the wealth.' A third person wrote, 'He wasted his life practically. Lived like a convict in a jail. At 45 yrs, I don't think he will have the same energy and conviction to live and enjoy the wealth.' A fourth user wrote, 'Why are y'all so salty? Luxury is very subjective and for him, that's luxury. If you can't be happy for him then stfu and stop commenting shit on him.'
