Tagged: ey

June 18, 2020 @ 8:30 am By JD Alois  |  

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

May 13, 2020 @ 3:25 pm By JD Alois  |  

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

April 19, 2020 @ 9:57 pm By Omar Faridi  |  

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

March 24, 2020 @ 2:34 pm By Omar Faridi  |  

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

March 4, 2020 @ 12:21 pm By JD Alois  |  

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

January 2, 2020 @ 4:45 pm By Omar Faridi  |  

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

November 12, 2019 @ 3:22 am By Omar Faridi  |  

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

October 21, 2019 @ 1:20 am By JD Alois  |  

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

October 20, 2019 @ 12:44 pm By JD Alois  |  

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

June 22, 2019 @ 12:00 pm By Cali Haan  |  

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

May 31, 2019 @ 7:38 pm By Cali Haan  |  

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

April 17, 2019 @ 11:34 am By Cali Haan  |  

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

March 12, 2019 @ 9:53 pm By Cali Haan  |  

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

December 26, 2018 @ 8:01 am By JD Alois  |  

EY has published their second annual “Fast Growth Tracker” report that surveys founders and entrepreneurs in the UK. The brief report provides an interesting perspective into the UK innovation economy that is vital to economic growth and prosperity. An interesting finding from the report is… Read More

December 3, 2018 @ 11:16 am By Cali Haan  |  

A former blockchain division head at Ernst & Young (EY) has gone public about his misgivings regarding the much-hyped potential of corporate blockchain. Angus Champion de Crespigny, who graduated as an engineer and who has worked in cybersecurity, data analytics, regulatory compliance, and technology worked at… Read More

October 22, 2018 @ 9:39 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) is reporting that investors attending the Singapore FinTech Festival have committed to investing $12 billion into ASEAN firms over the next two years. The 380 investors plan to dedicate USD $6.2 billion over the next year and an additional… Read More

October 20, 2018 @ 7:48 pm By JD Alois  |  

Those high-flying initial coin offerings (ICOs) that launched in 2017 have lost their luster, according to a report by EY. The global consultancy firm has recently published a report that states in the first half of 2018, 86% of the leading ICOs that listed on… Read More

October 17, 2018 @ 8:41 pm By JD Alois  |  

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

August 13, 2018 @ 3:22 pm By Samantha Hurst  |  

EY recently announced it has teamed up with the City of Vienna on public blockchains in order to validate and secure the city’s Open Government Data (OGD). According to EY, the OGD includes data such as public transport routes, train schedules, and surrounding communities’ voting… Read More

July 30, 2018 @ 7:56 am By JD Alois  |  

FinTech Australian has launched their 3rd annual Fintech report that seeks to track the growth and evolution of Fintech in Australia. As in years past, FinTech Australia has partnered with EY on the research document The 2018 EY FinTech Australia Census expects to highlight how… Read More