Tagged: ey

Cybersecurity: Government Agencies Agree Infrastructure Is Vital for Resilience Against Cyber-Attacks – Survey

Government leaders are increasingly pointing to a lack of infrastructure as a barrier to modernization, according to new EY survey The EY survey reportedly reveals “outdated IT, limited funding and an overwhelmed workforce are among top barriers to tech modernization at federal, state and local… Read More

MoneyLion, EY Partner on Fintech Adoption Service for Banks and More

MoneyLion Inc. (NYSE: ML) and global consulting firm EY have partnered to help banks keep up with the Fintech revolution. According to a release, MoneyLion’s infrastructure – including embedded finance offerings – will now be a part of EY’s “existing core-banking modernization offerings and Nexus… Read More

Businesses Intend to Invest in AI, Supply Chain Tech to Address Consumer Requirements – Survey

Ernst & Young LLP (EY US) announced the release of its inaugural Consumer Products and Retail Executive Pulse, which shows that amid “ongoing economic pressures, CPG and retail leaders alike are planning to invest in artificial intelligence (AI), supply chain and industry convergence to tap… Read More

EquityZen Chief Strategy Officer Shares Expectations for IPOs in 2024

Initial public offerings (IPOs) were pretty moribund in 2023. According to EY, global IPO volumes drooped by 8% in 2023, with proceeds down by 33% compared with 2022. The global IPO market ended in 2023 with 1,298 offerings, which raised $123.2 billion. Compare this to… Read More

EY Future Workplace Index: Number of Respondents Reporting Remote Working Model Plummets Significantly

With 80% of employees in the office three or more days a week, employers are challenged with optimizing office space Ernst & Young LLP (EY US) announced the launch of its third annual EY Future Workplace Index, which “tracks C-suite and executive sentiment and behavioral… Read More

AI Adoption Among Financial Services Providers Is Universal, Despite Mixed Signals of Readiness – Survey

One in five are not confident that their organizations are well-positioned to “take advantage of the potential benefits AI might bring,” according to an update from Ernst & Young LLP (EY US) which released its 2023 Financial Services GenAI Survey. Nearly all (99%) of the financial… Read More

AI Adoption Across Industries Leading to Concerns About Legal Risks and Job Displacement – EY US Research Study

The artificial intelligence (AI) boom across all industries has fueled “anxiety” in the workforce, with employees fearing ethical usage, legal risks and job displacement, according to new data from Ernst & Young LLP (EY US). The AI Anxiety in Business Survey is based “on findings… Read More

Fireblocks Appoints Ex- NYDFS Crypto Regulator Peter Marton and Cryptographer Chaitanya Reddy Konda to Lead Compliance Initiatives

Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, announces the appointments of Peter Marton, former Deputy Superintendent of Virtual Currency at the New York State Department of Financial Services (NYDFS), and cryptographer, Chaitanya Reddy Konda, who “designed… Read More

Uplinq Works with EY to Provide Loans for SMEs

Uplinq Financial Technologies is partnering with EY Canada to provide “fair and ethical credit” to SMEs via its credit decisioning platform. Mario Schlener, Partner and EY’s Lead Risk Consulting for Canada and Global FS Risk Technology, Alliance, Innovation, said the partnership with provide small business… Read More

Pennies on the Dollar: Harmed Quadriga Investors to Receive Small Percentage of Funds Lost on Crypto Platform

Last week, EY Canada posted a status report on Quadriga – a Canada-based crypto exchange that fell into chaos after the founder died, leaving keys to accounts missing and many questions. It was eventually determined that over CAD $300 million in assets were claimed by… Read More

Digital Transformation: EY, FintechOS to Support Digitalization Journeys for Financial Institutions

The EY organization announces an alliance between FintechOS, a financial technology company, and Ernst & Young SRL (EY Romania) “to simplify and support the launch and service of banking and insurance products and support detailed transformation journeys through innovation, business knowledge and the implementation of FintechOS’… Read More

EY, the Firm that Mishandled the Wirecard Audit, Banned in Germany for 2 Years

The spectacular collapse of Wirecard, once Germany’s largest Fintech, still reverberates within the country. While different pieces and parts have been sold off to various firms, the collateral damage continues, and new information continues to emerge. Today, EY – once the auditor of Wirecard, has… Read More

EY Introduces South West Innovation Hub as Part of Fintech Investment

EY has today announced plans to establish a new Business Research Innovation Technology and Engineering (BRiTE) Hub in Bristol, as it looks “to ramp up capabilities in financial services design, data analytics and engineering to create practical and tangible solutions to some of the big… Read More

EY, TaxBit to Support Tax Reporting Requirements for Digital Assets

The EY organization announced an alliance between TaxBit, a tax and accounting technology provider for cryptocurrency and other digital assets (e.g., non-fungible tokens (NFTs)), and Ernst & Young LLP (EY US) “to help organizations meet tax reporting requirements for digital assets.” Regulators are starting “to… Read More

EY Introduces Business Transformation Platform for Financial Services Sector

EY reveals that it has further expanded its tech ecosystem with the introduction of a business transformation platform, EY Nexus, which is enhanced for financial services and developed for quick deployment of new products and solutions. The introduction of EY Nexus marks a key milestone,… Read More

Open Finance Report: Consumers Consider Dashboards as Valuable Personal Finance Apps

More than 90% of UK consumers with a retirement saving pot have said they would “consider using a digital dashboard to get a consolidated view of their total pensions, savings and investments.” This, according to a report by TISA (The Investing and Saving Alliance) and… Read More

DLT: EY Announces General Availability of EY Blockchain Analyzer, the Reconciler

The EY organization recently announced the production release of the third generation of EY Blockchain Analyzer: Reconciler. This updated version has been “migrated into blockchain.ey.com and is now available for the first time to EY non-audit clients and continues to support the EY Audit teams.”… Read More

EY Entrepreneur Of The Year: Republic’s CEO Kendrick Nguyen is a Finalist, Other Fintech Founders on the List

EY’s Entrepreneur of the Year – New York,  list of finalists has been posted and multiple Fintech founders are on the list. Kendrick Nguyen, CEO and founder of Republic is on the list. Republic has delivered a stellar year having raised money, purchased an international… Read More

EY, Deloitte Join PWC and KPMT in Ceasing Russian Operations

EY and Deloitte have joined their main competitors KPMG and PWC in exiting operations in Russia due to its invasion of Ukraine. EY explained in a series of tweets that it would continue to support its colleagues with financial support and more while ceasing operations…. Read More

Fintech Sector in Peru has Been Growing Steadily with 171 Fintechs Operating in the Country: Report

Peru’s Fintech sector has been expanding at a steady pace during the past few years. There are at least 171 Fintechs operating in the country, as of September 2021. These numbers represent a sizable 16% increase from last year, as well as a yearly growth… Read More

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