Tagged: kpmg

Fintech: Saudi Arabian Banks Must Respond Effectively to Threat from Financial Technology Startups, KPMG Executive Argues

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

Owning Crypto Assets Is Still A High Risk Investment Due to Lack of Proper Custody Services: KPMG

Amstelveen, Netherlands-based KPMG, a leading professional services and accounting firm, argues that owning crypto assets is still considered a high risk investment by institutional clients. The Big Four auditing firm recently shared a report with Bloomberg, noting that, since 2017, over $9.8 billion worth of… Read More

Fintech Projects Across the Globe Secured a Total of $137.5 Billion in Investments in 2019: Report

Europe has had a solid year in terms of total Fintech funding as it secured $58.1 billion in capital last year, which is significantly greater than the $43.4 billion the industry acquired back in 2018 – according to a recent report from Big Four auditing… Read More

KPMG Introduces New Blockchain-based Track and Trace Platform in Australia, China, and Japan

Big Four accounting and professional services firm KPMG has introduced a new blockchain-powered track and trace solution in Australia, China and Japan. Called KPMG Origins, the platform has been designed to increase transparency and traceability of routine business procedures in several different industries including agriculture,… Read More

KPMG’s Israel Division and Cybersecurity Protection Firm nsKnox Introduce Solution for Prevent Fraudulent Payments

nsKnox, an established provider of cybersecurity protection for business payment technology, revealed on November 21 that it has teamed up with Big Four auditing firm KPMG. According to a release, KPMG’s Israel division will serve as the global distributor and service provider of, KPMG Secure… Read More

The Fintech 100: Ant Financial Takes Top Spot, Payments & Transfers Dominate the List

The annual Fintech100 report has recently been released quantifying the diverse universe of Fintechs that are leading in the various sectors of digital finance. The report has been published since 2014 in partnership with KPMG and H2 Ventures. Some names remain consistent year over year,… Read More

Payment Processor Wirecard Hires KPMG to Perform Independent Audit of Its Accounting Books

Payments processing firm Wirecard (WDI.DE) has commissioned an independent audit of its accounts by professional services firm KPMG. The audit is being performed to address questions related to allegations of improper accounting by Wirecard’s management.  The audit will commence immediately according to a statement by… Read More

KPMG Report: Tokenization will be Huge

KPMG has published a brief report on blockchain and tokenization. According to the authors, tokenization will be huge and the tech is “poised to transform commerce.” KPMG explains: “digital tokens issued on blockchains are used to represent asset ownership and to efficiently facilitate asset exchange…. Read More

ZhongAn and KPMG Partner on Insurtech Report: “New Insurance” is the Future

ZhongAn Fintech Institute and KPMG China have joined together to publish a report, Insurtech: Infrastructure for New Insurance, on the fast emerging Insurtech marketplace. ZhongAn is an online-only Insurtech firm backed by some of the biggest names in China tech. ZhongAn trades on the Hong… Read More

CEO of Sowefund: French Equity Crowdfunding is Not in Decline

Recently, the French Crowdfunding Association (Financement Participatif France or FPF) published their annual crowdfunding barometer. The report indicated that alternative finance continues to grow in France but when you separate equity crowdfunding, this segment indicates a decline. Crowdfund Insider published an article on the FPF… Read More

Alternative Finance in France Grows Driven by Crowdlending While Equity Crowdfunding Continues its Decline

Baromètre du Crowdfunding en France 2018 Recently the French Crowdfunding Association (Financement Participatif France or FPF) published their annual report on alternative finance in France. The report, produced in partnership with KPMG, is now in its third year and provides an important snapshot of sector growth for online… Read More

Peak Hype or Next Wave? KPMG Talks Corporate Blockchain Usage as Momentum Builds

Blockchain or distributed ledger technology (DLT) has been a red-hot topic in the financial services industry the past few years. The one-two punch of Bitcoin excitement and the Ethereum fueled revelation of smart contracts and decentralization, caused many to label blockchain internet 3.0. But is… Read More

KPMG Appoints Binah.ai As New Fintech Partner

Fintech

KPMG Fintech Israel, a local partner of the leading global network of professional advisory services firms providing guidance to financial institutions, announced on Tuesday it has named Binah.ai as its new fintech partner. According to KPMG, Binah.ai makes data science accessible with out-of-the-box financial services-focused use cases, combining… Read More

KPMG & Crypto Exchange Independent Reserve Launch Crypto Tax Estimator

KPMG Australia and Independent Reserve have joined to manage a pressing issue: taxes for cryptocurrency transactions. The two companies have partnered on a new “Crypto Tax Estimator.” Founded in 2013, Independent Reserve is said to be the largest cryptocurrency exchange in Australia. The crypto exchange… Read More

Singapore Fintech Festival: Global Fintech Hackcelerator Winners Announced

Today, the Monetary  Authority of Singapore (MAS) has announced the winners of their annual Global Fintech Hackcelerator which takes place during the Singapore Fintech Festival each year. Three winners have been selected from a group of 20 finalists. KPMG assisted in the competition. “The Global… Read More

Crowdfunding in France: Alternative Finance Jumps 59% in First 6 Months of 2018, Equity Crowdfunding Sinks

Recently, KPMG and Financement Participatif France (FPF – The French Crowdfunding Association) published a report pertaining to crowdfunding sector performance during the first half of 2018. The term crowdfunding relates to both debt and equity online capital formation, similar to many other parts of the… Read More

KPMG Teams up With Workiva For Risk Management, Regulatory Reporting and Compliance Processes

KPMG announced on Tuesday it has teamed up with data collaboration company Workiva to help organizations transform and integrate their risk management, regulatory and financial reporting and compliance processes by using the Workiva Wdesk platform. Through Wdesk, users are able to improve productivity and accountability in… Read More

KPMG Report on Fintech: 2018 Started with a Bang as Fintech Investment Gained Momentum

KPMG has published their Pulse of Fintech report highlighting global Fintech activity for the first half of 2018. According to KPMG, global investment in Fintech is going gangbusters as “Fintech market activity worldwide gained momentum during the first half of the year as the geographic… Read More

KPMG and MAS Schedule Second Global Fintech Hackcelerator for the 2018 Singapore FinTech Festival, Accepting Applications Now

For the second year running, KPMG Digital Village and the Monetary Authority of Singapore (MAS) will be organizing the Global FinTech Hackcelerator for the 2018 Singapore FinTech Festival. According to KPMG, this year’s program will focus on 80 problem statements in the following 4 categories:… Read More

KPMG: Strong Close for Fintech Deals in Q4 of 2017 as $31 Billion Invested During the Year

Last week, KPMG published its quarterly report on Fintech deals stating global investment in innovative finance hit $8.7 billion during the quarter. For the year, 2017 was said to have established the third highest total, at $31 billion, invested in Fintech for the decade. KPMG… Read More

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