Tagged: ey

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

Vaporized Crypto Exchange QuadrigaCX Sees Interim Claims of 24,436 Bitcoin, CDN $90.3 Million & More

In a document posted by EY Canada yesterday,  the bankrupt crypto exchange QuadraCX trustee posted a document indicating 16,959 individual claims for the crypto and money. Most of the funds were vaporized when founder and CEO Gerald Cotten died without sharing passwords to the accounts… Read More

COVID-19 Prevention: Baseline Protocol Developers Propose Blockchain-enabled Coronavirus Contact Tracing Solution

The developers of Baseline, an enterprise-grade smart contract and tokenization platform created by Microsoft, Ernst & Young (EY), and Ethereum development studio ConsenSys, aim to solve a number of flaws reportedly found in Apple and Google’s proposal for Coronavirus (COVID-19) tracking projects. Google and Apple… Read More

Fintech Adoption: Consumers in the Asia-Pacific are Looking for Competitive Fees when Choosing Financial Service Providers, EY Executive Argues

James Lloyd, associate partner at Big Four auditing firm Ernst and Young (EY) and Asia-Pacific Fintech leader, claims that financial technology growth and adoption is surging in the Asia-Pacific region. He notes: “[Fintech development in Asia is] driven by consumers’ desire for more attractive fees… Read More

EY Announces “Baseline Protocol” Blockchain, Open-Sourced in the Public Domain, Partners with Microsoft, ConsenSys

EY, a global consultancy active in the blockchain sector, has announced a “Baseline Protocol” for the Ethereum blockchain that has been placed in the public domain. EY has partnered with Microsoft as well as ConseSys on the project. Inviduals can express their interest in contributing… Read More

South Korea Is Still Behind China and India in Terms of Fintech Adoption: Ernst & Young

South Korea’s government aims to continue to support the development of its Fintech industry. The nation’s authorities have launched regulatory sandboxes and are assisting internet-based banks in establishing their operations. However, a recent survey reveals that South Korea still needs to make significant improvements in… Read More

Monese Founder Norris Koppel Receives “Rising Star” Award At EY’s Entrepreneur of the Year Ceremony

Norris Koppel, founder and CEO at Monese, a mobile banking service for people who travel frequently, received the “Rising Star” award at Ernst & Young’s (EY) Entrepreneur of the Year Ceremony. Koppel has been recognized for his pioneering work in banking. Introduced 20 years ago,… Read More

EY Fintech Adoption Index: China Tops the List, Japan is Buried at the Bottom. Where Does Your Country Rank?

EY recently published its annual Fintech Adoption Index ranking 27 different countries on their willingness to part with traditional financial services and migrate to the new, shiny of digital financial services. Or, perhaps, Fintech services have simply filled a void providing a service where previously… Read More

Canada Fintech Adoption Rate Touted by EY, Jumps from 18% to 50% Since 2017

EY has recently published its Fintech Adoption Index and the consulting group has published a note on the rate of adoption in Canada. According to EY, Canadian consumer Fintech adoption has jumped from 17% in 2017 to 50% today. Ron Stokes, EY Canada Fintech Leader,… Read More

QuadrigaCX CEO Created Fake Accounts, Traded User Funds and Transferred Them to Personal Accounts

Fiduciary and operational incompetence have been a matter of record since news emerged that Gerald Cotten, CEO of the Canadian cryptocurrency trading platform QuadrigaCX, died without giving anyone password access to $215 million CAD of user cryptocurrencies he ostensibly kept in cold wallet storage devices…. Read More

EY Releases Research on Nightfall, Experimental Tools to Enable Privacy Transactions on Ethereum

Global consulting firm EY (Ernst & Young) has released its research into  the creation of “…a set of smart contracts and microservices,…(using the) ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy.” Software for… Read More

EY Unveils Second Generation Blockchain Auditing Tool: “Blockchain Analyzer”

Global consulting firm EY released a suite of blockchain software products this week, including a first-generation “private transaction protocol,” a “smart contract analyzer” and a “blockchain analyzer” that firms can use to reconcile transaction data obtained from multiple cryptographic ledgers. The EY Blockchain Analyzer can… Read More

EY Exec: Blockchain “Most Boring Revolution Ever,” Public Cryptocurrencies Like Bitcoin Have Low Appeal for Mainstream Business

EY’s Global Innovation Leader says the deployment of distributed ledger tech will be important but relatively slow and unremarkable, Forbes India reports. As well, Paul R Brody says he does not see much practical use for public cryptocurrencies (“Bitcoin or nearly any other cryptocurrency”) in… Read More

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