Tagged: kpmg

Famous Fintech Investor Nigel Morris Comments on Venture Funding Environment

The venture community is getting gloomy, chattering about deal volume, down rounds, and a dismal economy. From war in Ukraine, too much government spending, and rocketing inflation chased by the US Federal Reserve raising interest rates, things look bad. It does not help that markets… Read More

KPMG, PWC Exit Russia, Belarus

Two of the largest consulting/accounting firms in the world have cut ties with Russia due to the country’s unprovoked war with Ukraine. KPMG, which also announced it would stop interaction with Belarus – a staunch Russian ally and launch spot for much the military action… Read More

Copenhagen’s Danske Bank Tests Quantum Communication for Enabling Secure Data Transfer

Researchers from DTU (Denmark’s Technical University) have for the first time taken quantum communication out of the lab and used it to “securely transfer” data at Danske Bank. This is considered a breakthrough in the development of digital communication and the “race against cyber criminals.”… Read More

KPMG in Canada Adds Bitcoin (BTC), Ethereum (ETH) to Corporate Treasury

KPMG in Canada has reportedly completed an allocation of crypto-assets to its corporate treasury, the company’s first direct investment in digital assets. The allocation includes Bitcoin (BTC) and Ethereum (ETH), as well as carbon offsets to “maintain a net-zero carbon transaction to deliver on the… Read More

Fintech Investment Surges to $210 Billion, According to Pulse of Fintech H2’21 Report from KPMG

The Pulse of Fintech H2’21 – which is a bi-annual report released by KPMG covering international Fintech investment trends – reveals that global Fintech funding across M&A, PE, and VC hit $210 billion (internationally) across an all-time record 5,684 deals during 2021. Fintech funding in… Read More

Digital Securities: ADDX Launches First Crypto Fund by Trovio

ADDX (formerly operating as iStox), a digital securities exchange backed by the Singapore Exchange (SGX), has launched its very first product, according to a note from the company. ADDX has listed a crypto fund managed by Trovio Capital Management (TCM). The fund aims to a… Read More

Fintech Funding Report: Nearly $100 Billion Invested Across 2,456 Financial Technology focused Deals in H1’21

Big Four auditing firm KPMG is reporting record-breaking VC investment in Fintech-focused businesses during H1 2021. KPMG’s Pulse of Fintech report reveals that investment into Fintech firms during H1 of this year reached $98 billion. Nearly $100 billion was allocated towards Fintech investment (M&A, PE… Read More

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

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