Archives

September 26, 2023 @ 9:01 am By Omar Faridi  |  

High interest rates, continued uncertainty and low productivity could see the UK struggle to keep its head above water “in the second half of the year – with GDP growth forecast at 0.4% in 2023 and 0.3% in 2024,” according to KPMG’s latest UK Economic… Read More

September 25, 2023 @ 11:57 pm By Omar Faridi  |  

KPMG has shared its economics report which finds house / property prices are expected “to rise gradually over next nine months and then surge in FY25.” In Australia, home / real estate prices will “rise nationally by 4.9% over the next 9 months and then… Read More

September 11, 2023 @ 7:56 am By Omar Faridi  |  

UK recruitment activity weakens in August “amid caution over economic outlook,” according to an update shared by KPMG. KPMG has shared some key findings: The steepest drop in permanent placements for over three years Temp billings declined for the first time since July 2020 Pay… Read More

July 14, 2023 @ 11:30 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments modernization, has deepened its existing partnership with KPMG LLP by “developing a new ISO 20022 maturity model to help payment service providers determine ISO adoption readiness.” Within the next four years, it is… Read More

December 13, 2022 @ 7:59 am By Omar Faridi  |  

Blue dot, a tax platform for employee-driven spend for Taxable Employee Benefits analysis and VAT recovery, announced a strategic alliance with KPMG Germany. Through this alliance, KPMG Germany “can now offer the Blue dot Taxable Employee Benefits (TEB) solution directly to their clients, with KPMG… Read More

September 7, 2022 @ 11:58 pm By Omar Faridi  |  

With financial services globally and in Singapore shifting towards embedded finance, KPMG announced the launch of Singapore’s first Embedded Finance Hub with ambitions “to accelerate the adoption of embedded finance in the country.” The Hub, set to run for at least 2 years is expected… Read More

May 30, 2022 @ 6:31 pm By Omar Faridi  |  

When you expect the “unexpected,” you can set your business up to “weather turbulent times,” according to an update from Adyen. If the past few years of the global pandemic have done anything, “they’ve proven that adage true.” When it became clear that the retail,… Read More

March 7, 2022 @ 10:53 am By JD Alois  |  

Two of the largest consulting/accounting firms in the world have cut ties with Russia due to the country’s unprovoked war with Ukraine. KPMG, which also announced it would stop interaction with Belarus – a staunch Russian ally and launch spot for much the military action… Read More

February 8, 2022 @ 10:38 am By Omar Faridi  |  

KPMG in Canada has reportedly completed an allocation of crypto-assets to its corporate treasury, the company’s first direct investment in digital assets. The allocation includes Bitcoin (BTC) and Ethereum (ETH), as well as carbon offsets to “maintain a net-zero carbon transaction to deliver on the… Read More

February 7, 2022 @ 8:49 am By Omar Faridi  |  

The Pulse of Fintech H2’21 – which is a bi-annual report released by KPMG covering international Fintech investment trends – reveals that global Fintech funding across M&A, PE, and VC hit $210 billion (internationally) across an all-time record 5,684 deals during 2021. Fintech funding in… Read More

August 11, 2021 @ 11:38 am By Omar Faridi  |  

Big Four auditing firm KPMG is reporting record-breaking VC investment in Fintech-focused businesses during H1 2021. KPMG’s Pulse of Fintech report reveals that investment into Fintech firms during H1 of this year reached $98 billion. Nearly $100 billion was allocated towards Fintech investment (M&A, PE… Read More

July 23, 2021 @ 8:45 am By Omar Faridi  |  

KPMG has been awarded a patent for Chain Fusion. KPMG LLP confirms that the patent was provided by the United States Patent and Trademark Office for Chain FusionTM, which is a suite of advanced analytics capabilities developed on crypto-asset data and infrastructure products. The solution… Read More

March 3, 2021 @ 1:02 am By Omar Faridi  |  

Australia is currently home to at least 733 active Fintech firms, up considerably from 629 back in September 2019, according to the KPMG Fintech Landscape 2020 map. This represents an increase of 104 firms that joined the nation’s financial technology industry between September 2019 and… Read More

February 24, 2021 @ 9:46 pm By Omar Faridi  |  

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

February 13, 2021 @ 2:31 pm By Omar Faridi  |  

Big Four auditing company KPMG recently published its annual selection of China’s top Fintech firms. This year, the China Fintech 50 report was updated to include 100 companies to showcase the financial technology industry’s rapid growth and fast-evolving landscape. The 2020 China Fintech 50 list,… Read More

October 25, 2020 @ 8:35 pm By Omar Faridi  |  

Digital commerce platforms with experience-centric models are attractive to investors because of their focus on “long-term value creation,” according to a report from KPMG. Other businesses are also taking advantage of the benefits of experience-centric models, including ridesharing apps, media channels, Edtech companies, healthcare service… Read More

July 14, 2020 @ 7:45 am By JD Alois  |  

A new report indicates that COVID-19 has hit UK Fintechs hard as this sector of finance may need to raise £825 million for these firms to make it beyond the global pandemic. According to KPMG‘s Fintech Focus report, annual losses for Fintech startups are hovering… Read More

June 30, 2020 @ 9:59 pm By Omar Faridi  |  

Dennis Gao, partner of Management Consulting at KPMG Southern China, recently noted that Fintech is preparing to enter the “regulatory-driven 2.0 era,” and opportunities are now greater or outweigh potential challenges for Fintech due to COVID-19. Gao, whose comments came during “Financial Digitalization & Fintech… Read More

June 24, 2020 @ 9:12 pm By Omar Faridi  |  

Big Four auditing firm KPMG has introduced KPMG Chain Fusion, a patent pending suite of advanced analytics software that has been developed using digital asset data and technology products. As mentioned in a release, the Chain Fusion software will allow financial services providers and Fintech… Read More

March 23, 2020 @ 11:02 pm By Omar Faridi  |  

The number of new Fintech firms being launched in Saudi Arabia’s financial services sector is increasing, and they are transforming the nation’s traditional banking processes. Rajesh Prasad, partner at Big Four auditing firm KPMG, argues that banks now have to respond to the growing threat… Read More