Tagged: kpmg

October 30, 2023 @ 8:57 am By Omar Faridi  |  

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

October 23, 2023 @ 10:43 pm By Omar Faridi  |  

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

October 16, 2023 @ 9:28 am By Omar Faridi  |  

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

September 29, 2023 @ 1:58 pm By Omar Faridi  |  

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

September 26, 2023 @ 9:01 am By Omar Faridi  |  

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

September 25, 2023 @ 11:57 pm By Omar Faridi  |  

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

September 11, 2023 @ 7:56 am By Omar Faridi  |  

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

August 5, 2023 @ 6:17 am By Omar Faridi  |  

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

July 31, 2023 @ 1:29 pm By Omar Faridi  |  

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

July 14, 2023 @ 11:30 am By Omar Faridi  |  

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

March 1, 2023 @ 9:24 pm By Omar Faridi  |  

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

December 13, 2022 @ 7:59 am By Omar Faridi  |  

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

December 2, 2022 @ 10:08 am By Omar Faridi  |  

Decimal, a Fintech company offering bookkeeping and accounting operations for small and medium-sized businesses (SMBs),  announced it “has acquired the cloud-based bookkeeping service and certain other assets of KPMG Spark, owned by Big Four tax, accounting and advisory firm KPMG LLP.” Financial terms “were not… Read More

November 21, 2022 @ 8:32 am By Omar Faridi  |  

Accounting firm KPMG has signed off that Bitpanda’s funds “exceed customer holdings following a special review held in light of the recent FTX collapse.” Bitpanda is in active exchange with the Austrian Financial Market Authority (FMA), which regularly “audits the company.” However, this “extraordinary,” additional… Read More

September 12, 2022 @ 11:17 pm By Omar Faridi  |  

Canadian Fintech companies saw US$810 million in total investment “across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.” This, according to an update from KPMG. It was also a notable drop “compared to the first… Read More

September 7, 2022 @ 11:58 pm By Omar Faridi  |  

With financial services globally and in Singapore shifting towards embedded finance, KPMG announced the launch of Singapore’s first Embedded Finance Hub with ambitions “to accelerate the adoption of embedded finance in the country.” The Hub, set to run for at least 2 years is expected… Read More

May 19, 2022 @ 10:33 am By JD Alois  |  

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

March 7, 2022 @ 10:53 am By JD Alois  |  

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

March 1, 2022 @ 8:39 am By Omar Faridi  |  

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

February 8, 2022 @ 10:38 am By Omar Faridi  |  

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