Tagged: kpmg

KPMG UK Comments on Latest Q3 M&A Data

KPMG has shared its response to the latest UK Q3 M&A data. Rob Baxter, UK Head of Corporate Finance at KPMG, commented: “A combination of domestic and global factors continues to suppress UK dealmaking. But while the cost of borrowing will remain high, slowing inflation… Read More

KPMG UK Comments on Bank of England Money and Credit Data

KPMG has commented on the recently released Bank of England money and credit data. Karim Haji, Head of Financial Services at KPMG UK, comments on today’s Money and Credit Data from The Bank of England: “Consumer borrowing was down slightly in October, which could be… Read More

KPMG in Canada and Chainalysis to Combat Illicit Crypto Transactions

With the ongoing threat of crypto fraud and criminals growing more sophisticated every day, organizations need ever-powerful solutions “to help them investigate and recover stolen funds.” KPMG in Canada and Chainalysis are teaming up “to help meet that growing need by announcing a strategic agreement… Read More

Australia: Mutual Banks, Building Societies, Credit Unions Significantly Increased Total Assets – Report

Australia’s mutual banks, building societies and credit unions (the “Mutuals”) increased total assets by 2.5 percent to $163.1 billion in the 2023 financial year, “compared to last year’s 8.4 percent jump (to $159.1 billion).” At the same time, overall operating profits before tax increased “by… Read More

UK Nearly Halfway to Net Zero but Most Challenging Part Awaits, KPMG Report Claims

In the UK, early adoption of renewables has seen significant progress on delivering Net Zero, but global challenges and the need “to tackle the harder to abate sectors could see progress stall in the coming years,” according to KPMG’s 2023 Net Zero Readiness Report. The… Read More

UK Financial Services Firms Are Turning to AI to Develop Streamlined User Experiences, Report Claims

Cost cutting is said to be behind a significant drop in satisfaction levels in 2023, according to a comprehensive update shared by KMPG. The UK’s biggest brands are turning “to artificial intelligence (AI) to develop better customer and colleague experiences,” according to KPMG’s latest Customer… Read More

Fintech Sector in Australia: Investments and Number of Deals Declined Compared to Previous Year – Report

The past year has been challenging for the Australian fintech sector, according to the KPMG Australian Fintech Survey Report 2023, “with both total investment and the number of deals materially dropping compared to the previous year.” This has led to a decline in the total… Read More

KPMG UK Invests in Talent with Partner Appointments, Comments on Interest Rate Decision

KPMG UK has announced the promotion of over a thousand partners and colleagues, as the professional services firm “continues to invest in the development of its talent. ” The latest round of promotions “includes 56 new partners and 116 directors.” A further 833 colleagues have also… Read More

KPMG UK Launches New Business Entity that Unifies Deals and Other Key Activities

The combined business simplifies the firm’s organizational structure and better meets KPMG UK’s client needs with an ‘end-to-end’ service under one roof. The combination is already working successfully “in other KPMG member firms and aligns to KPMG’s multi-disciplinary model, enabling its people to access greater… Read More

UK Consumers Expected to Cut Bank on Holiday Spending Due to Cost of Living Crisis – Survey

The scale of Christmas / holiday spending cutbacks due to the cost of living is highlighted in new research from KPMG UK – which shows consumer intention “to cut back on buying gifts, groceries and socializing.” Over 2600 UK consumers were surveyed for KPMG –… Read More

UK Jobs Report: Economic Uncertainty, Rising Costs Affected Hiring Decisions in Sept 2023

Uncertainty over the economic outlook and rising costs continued to weigh on hiring decisions in September, according to the KPMG and REC, UK Report on Jobs survey, compiled by S&P Global. Permanent placements fell again as companies “were often reluctant to commit to permanent hires,… Read More

UK Consumers Taking Steps to Deal with Rising Mortgage Costs – Report

A report has looked into how consumers are managing higher mortgage rates and adapting their spending due to inflation. This along with other key insights are shared in the KPMG UK’s latest Consumer Pulse research. KPMG’s Consumer Pulse survey “tracks how over 3000 consumers across… Read More

UK Economy Report: High Interest Rates, Continued Uncertainty, Low Productivity Could Pose Challenges

High interest rates, continued uncertainty and low productivity could see the UK struggle to keep its head above water “in the second half of the year – with GDP growth forecast at 0.4% in 2023 and 0.3% in 2024,” according to KPMG’s latest UK Economic… Read More

KPMG Property Report Reveals Real Estate Prices in Australia to Rise by 4.9% in Next 9 Months

KPMG has shared its economics report which finds house / property prices are expected “to rise gradually over next nine months and then surge in FY25.” In Australia, home / real estate prices will “rise nationally by 4.9% over the next 9 months and then… Read More

UK Recruitment Activity Weakens Amid Caution Over Economic Outlook, KPMG Report Claims

UK recruitment activity weakens in August “amid caution over economic outlook,” according to an update shared by KPMG. KPMG has shared some key findings: The steepest drop in permanent placements for over three years Temp billings declined for the first time since July 2020 Pay… Read More

AI, Climatetech Sectors in Australia Defy Slowdown in Venture Capital Activity: Report

Investment in Australian startups over the first six months of 2023 “fell to US$1.11 billion, compared to US$3.64 billion over the corresponding period in 2022,” according to newly released data from KPMG. The latest numbers from the KPMG Private Enterprise Venture Pulse report shows that… Read More

Global Fintech Funding Declines to $52.4B, with Some Positive Ecosystem Developments, Report Reveals

The first six months of 2023 were difficult for the fintech market globally, “with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion in across 2,153 deals in H1’23.” The cloud of uncertainty permeating… Read More

KPMG, Volante Technologies Deliver ISO 20022 Maturity Model to Drive Guidance in Data-Driven Economy

Volante Technologies, which claims to be the global leader in cloud payments modernization, has deepened its existing partnership with KPMG LLP by “developing a new ISO 20022 maturity model to help payment service providers determine ISO adoption readiness.” Within the next four years, it is… Read More

Nationwide Building Society Chooses Board for Intelligent Planning

Board, a global provider of Intelligent Planning Solutions which help organizations plan smarter, enabling actionable insights and better outcomes, announced it has been selected by Nationwide, the world’s “largest” Building Society, in order “to transform financial planning.” Nationwide decided on Intelligent Planning from Board, in… Read More

Blue dot, KPMG Germany to Provide Taxable Employee Benefits Technology

Blue dot, a tax platform for employee-driven spend for Taxable Employee Benefits analysis and VAT recovery, announced a strategic alliance with KPMG Germany. Through this alliance, KPMG Germany “can now offer the Blue dot Taxable Employee Benefits (TEB) solution directly to their clients, with KPMG… Read More

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