Tagged: kpmg

KPMG has Been Awarded Patent for Chain Fusion, a Suite of Analytics Capabilities for Crypto-Asset Data, Infrastructure Products

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

European P2P Lender Mintos Reports Over €10M in 2020 Revenue, Almost an 11% YoY Growth, €1.9M+ in Losses

Peer to peer lender Mintos has shared the audited Mintos Holdings Consolidated report for 2020, which is a document “encompassing the whole group’s activities, including AS Mintos Marketplace.” As noted by Mintos, in their report, investors and stakeholders will be able to access relevant information… 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

Fintech Consumers of 2030 could be More “Data-Aware” and “Discerning” in What Information They Share, KPMG Report Predicts

Big Four auditing firm KPMG in Australia has released a report, titled, The 30 Voices, which aims to cover “every facet” of financial services and beyond. It features insights related to developments from incumbents to banking challengers, Big Tech firms to investors, legislators to academics…. Read More

Global Fintech Investment Activity Recovered Strongly in H2 2020 after COVID-related Slowdown, $105B Raised via 2,861 Deals

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

China Fintech 50 Report Updated to Reflect Financial Tech Industry’s Rapid Growth, includes AirWallex, JD Digits, OneConnect, WeLab, Others

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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

Digital Commerce and Fintech Platforms with Experience-Centric Models Enable “Long-Term Value Creation”: Report

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

50% of Financial Services Professionals Want to Continue Working from Home Following COVID Outbreak: Report

The COVID-19 crisis has led to major changes in how financial services professionals prefer to do their jobs in the future. Around 50% of workers in the financial sector say they would like to keep working from the comfort of their home for at least… Read More

Fintech Funding in Ireland Surged in H1 2020 as VCs, PE, M&A Deals Secured Over $300 Million in Capital: Report

While many business sectors in Ireland have seen a substantial decline in activity or revenue due to the COVID-19 crisis, that nation’s Fintech industry attracted significant investments of around $328.6 million during H1 2020. This, according to KPMG’s latest report on Fintech deals during the… Read More

Fintech Investments in Australia Down to $548 Million in H1 2020 from $1.3 Billion from Last Year: Report

Fintech investments in Australia reached $376.5 million during H1 2020, which represents a 150% increase when compared to the same period from last year when $149.05 million for raised by Fintechs in the country. But there was a significant drop in mergers and acquisitions (M&A)… Read More

Fintech Funding During H1 2020 was Led by Corporate Deals, but Significant Decline in M&A Investments: Report

Although global Fintech funding declined during the first half of this year, with $25.6 billion of total investment secured globally through 1,221 deals, corporate business deals are driving most of the VC activity. This, according to the Pulse of Fintech H1’20, which is a report… Read More

Fintech in Need of Finance? Report States COVID-19 May Necessitate £825 Million in New Financing

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

Fintech Adoption will Increase During “Regulatory-Driven 2.0 Era” According to Dennis Gao from KPMG Southern China

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

KPMG Introduces Advanced Analytics Software for Fintech Firms Looking to Offer Digital Asset Services at Institutional Scale

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

Decentralized Finance Ecosystem Supporter AVA Labs and KPMG Continue to Address Fintech Challenges and Opportunities in Mexico

Mexico has been able to strategically position itself as a leading financial technology hub by serving as a gateway for the booming Latin American Fintech sector. The Mexican government enacted the nation’s progressive and comprehensive Fintech Law back in March 2018. It has reportedly been… Read More

Wirecard Addresses Investigation From KPMG: No Incriminating Evidence Was Found for the Publicly Raised Accusations of Balance Sheet Manipulation

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has received the report on the special investigation by the auditing company KPMG that concluded there is no incriminating evidence founded for the publicly raised accusations of balance sheet manipulation. Wirecard reported… Read More

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

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