Tagged: ey

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

EY Expands its Banking Tech Consulting Practice with Key Senior Management Hires

Big Four auditing firm EY reveals that two new partners have been added to its Banking Technology Consulting practice as the company responds to growing market demand and invests in growth. The senior appointments come as the practice – which provides digital transformation services to… Read More

EY Teams Up with Polygon to Work on Ethereum (ETH) Scaling and Enterprise Services

EY, an international consulting and tech firm, is working with Polygon on developing and implementing scaling and enterprise services for the Ethereum (ETH) ecosystem. As part of this collaboration, EY and Polygon will be working cooperatively on Polygon Nightfall, a public, privacy-oriented Rollup. EY will… Read More

SEC Hits EY, Four Others for Rules Violations

The Securities and Exchange Commission (SEC) this week charged accounting firm Ernst & Young LLP (EY) along with one current and two former partners with improper professional conduct for violating auditor independence rules in connection with EY’s pursuit to serve as the independent auditor for… Read More

The UK is Still Killing it When it Comes to Fintech as 2021 Sees Record $5.7 Billion in Venture Funding

The United Kingdom has long been a top global Fintech hub – a title it is keen to maintain. The combination of a pretty supportive policy environment, a market economy, and a risk-taking entrepreneurial class, has fueled a Fintech boom. More recently, Brexit has challenged… Read More

EY Contributes Zero Knowledge Proof or ZKP Layer-2 Protocol for Addressing Rising Ethereum Transaction Costs

Big Four auditing firm Ernst & Young (EY) has contributed a zero-knowledge proof (ZKP) layer-2 protocol into the public domain in order to help with addressing rising transaction costs on the Ethereum (ETH) blockchain network, the world’s largest smart contract platform. The protocol has been… Read More

Australia Is Home to At Least 733 Active Fintech Firms, Up from 629 in September 2019: Report

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

Wirecard: Collapse of Fintech Causes Deutsche Bank’s Accounting Lead to Step Aside, Former COO on Interpol’s Most Wanted List, Book is in the Works

Wirecard, the Fintech that deserves the award for the most spectacular fraud and ensuing collapse of 2020, continues to earn headlines for the financial disaster. It was recently reported that Deutsche Bank’s head of accounting was compelled to temporarily step aside due to his involvement… Read More

HM Treasury Says it’s the Responsibility of Lenders, Not the Government, to Recover Debts Under COVID-related Loan Schemes

The HM Treasury has stated that it’s ultimately the responsibility of lenders, and not necessarily the nation’s government, to recover debts under the different COVID-19 loan schemes and packages. The UK government’s four main business support schemes, which includes the Coronavirus Business Interruption Loan Scheme… Read More

Digital Assets Firm Anchorage Successfully Completes its SOC 1 Type 1 Assessment, a Marker for “Excellence” in Financial Services

Anchorage, a company that aims to help institutional clients with adopting digital assets, has announced that it has passed another significant milestone on its journey as the leading crypto-asset platform for institutional investors. Jennifer Lee, Head of Compliance at Anchorage, confirmed that the company has… Read More

EY OpsChain Network Procurement Solution Announced

Global consulting group EY has announced the launch of “EY OpsChain Network Procurement solution.” The Ethereum based platform is said to allow companies to privately run end to end procurement activities. The beta version is free to use. The blockchain platform seeks to convert procurement… Read More

SPAC: Mark Schwartz from EY and Fintech Advisor Efi Pylarinou Explain how Special Purpose Acquisition Companies Provide Better Access to Capital

Mark Schwartz, MD at Ernst & Young Capital Advisors LLC, Equity Capital Markets Advisory, has explained how (special purpose acquisition company) SPAC mergers can help companies with accessing better financing deals or options. Schwartz noted that the growth of SPACs gives private business owners an… Read More

Aaron Swenson from Legaltech Firm Ipro Says Good Software for Lawyers Should Require Minimal Training Time

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Around two-thirds or 67% of in-house attorneys at fast-growth firms said they were spending too much time doing “low-value” work, according to the results of a survey shared by Artificial Lawyer. Another survey, cited by JD Supra, of 1,057 legal professionals reveals that a third… Read More

Fintech Australia and Big Four Auditing Firm EY to Extend their Involvement in Supporting Country’s Financial Technology Initiatives

Fintech Australia, a member-driven organization that’s focused on supporting the financial technology ecosystem in the country, has reportedly teamed up with Big Four auditing firm Ernst & Young Australia (EY). Through the partnership, both organizations will aim to support EY’s further involvement in local Fintech… Read More

Ernst & Young  Launches Cryptocurrency Reporting App to Assist With U.S. Tax Filing

Ernst & Young LLP (EY US) announced on Thursday the launch of EY CryptoPrep, a cryptocurrency application that assists with US tax filings. According to EY, this new Software as a Service (SaaS), web-based product is a fully automated, enterprise-grade crypto tax engine offering step-by-step… Read More

Auditor Report Claims Wirecard Misplaced €1.9 Billion: “Indications of presentation of spurious balance confirmations”

Wirecard AG   (WDI.DE), a Germany based payments and cards platform, has delayed publication of its financial statements due to “indications of presentation of spurious balance confirmations.” The obfuscated statement relates to an apparent audit by EY that uncovered a €1.9 billion discrepancy. EY reports an… Read More

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