Finastra launches LIBOR transition calculator service
Jun24

Finastra launches LIBOR transition calculator service

Finastra announced today the availability of Fusion LIBOR Transition Calculator, a service that enables banks to calculate Alternate Reference Rates (ARR) or Risk-Free Rates (RFR). The calculator service works independently of Fusion Loan IQ, Finastra’s commercial lending solution. Built on FusionFabric.cloud, Finastra’s open innovation platform, the calculator’s open API facilitates the integration with systems that don’t yet have a...

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Nets and KPMG explore the power of AI in fraud prevention
Apr24

Nets and KPMG explore the power of AI in fraud prevention

Man and machine are the perfect pair when it comes to fighting payment fraud, according to a new whitepaper from European payments industry leader, Nets and multinational professional services provider, KPMG. Fighting Fraud with a Model of Models explains how utilising human expertise in combination with artificial intelligence (AI) and machine learning (ML) technologies can significantly increase the accuracy of fraud prevention...

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Exclusive: ‘Tech-friendly onboarding’ – Greg Matthews, Nicole Trawick &  Sarah Gross, KPMG in “The Insurtech Magazine”
Apr21

Exclusive: ‘Tech-friendly onboarding’ – Greg Matthews, Nicole Trawick & Sarah Gross, KPMG in “The Insurtech Magazine”

Greg Matthews, Nicole Trawick and Sarah Gross at KPMG on a guide to third party risk management and financial services partnerships. So, you met a vice president of a large financial services institution at an industry conference and convinced her that your brand new product is critical for the next phase of their project build. Awesome! Then, you pitched the product to her boss and confirmed with the bank’s technology team that your...

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Nexus joins forces with KPMG to bring business expertise to Leeds innovation hub
Dec17

Nexus joins forces with KPMG to bring business expertise to Leeds innovation hub

Nexus, the University of Leeds’ new innovation hub which opens early next year, has joined forces with one of the world’s leading professional services firms, KPMG, to bring business expertise to its community of start-ups, SMEs and entrepreneurs. As part of Nexus’ bid to help high growth businesses gain easier access to the University of Leeds’ expertise, talent and facilities, the strategic relationship with KPMG aims to ensure...

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Global Fintech Investment remains Robust but UK Loses Ground: KPMG Pulse of Fintech Report
Nov07

Global Fintech Investment remains Robust but UK Loses Ground: KPMG Pulse of Fintech Report

In Q3 the UK attracted US$636m of global fintech investment while Europe as a whole attracted US$1.6bn compared to US$5bn in the US and over US$1bn in Asia. Total UK fintech funding roughly halved between Q2 and Q3’17 with total investment falling to US$636m from over US$1.2bn. Year-on-year the picture is far more positive as the unease around Brexit appears to have softened, Q3’16 saw just US$120m invested. Looking at the spread of...

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KPMG and Dell Boomi Help Clients Integrate Multi-cloud and Hybrid IT Environments
Oct19

KPMG and Dell Boomi Help Clients Integrate Multi-cloud and Hybrid IT Environments

KPMG LLP and Dell Boomi (Boomi) announced an alliance to help clients replace outdated IT infrastructure with integrated and optimized multi-cloud and hybrid IT environments, connecting everything to achieve business agility, data-driven decision-making and enhanced customer focus. A clear trend toward greater connectivity was identified in Boomi’s “The Connected Business: a survey report on business connectivity and the importance of...

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KPMG and Exiger enter into Exclusive Multi-year Partnership to Leverage AI
Oct06

KPMG and Exiger enter into Exclusive Multi-year Partnership to Leverage AI

DDIQ set to streamline compliance solutions for KPMG and its global clients Global regulatory and financial crime, risk and compliance firm, Exiger has today announced a partnership with professional services firm KPMG LLP in the UK to help enrich and streamline compliance solutions for its global corporate and financial institution clients. KPMG will enhance Exiger’s artificial intelligence technology by embedding a branded, custom...

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BT And KPMG Warn Businesses Against Cyber Security Traps
Jul10

BT And KPMG Warn Businesses Against Cyber Security Traps

Investing in IT security products alone is no silver bullet in battle against cyber crime In the wake of high-profile global ransomware attacks such as WannaCry and Petya, BT and KPMG have today published a new cyber security report offering practical advice to businesses of all sizes on how best to manage their security journey and turn it into a business opportunity. The new report, “The cyber security journey – from denial to...

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Microsoft and KPMG Global Alliance Launches New Digital Solution Hub
Jul10

Microsoft and KPMG Global Alliance Launches New Digital Solution Hub

KPMG announces plan to introduce world’s first global cloud-based Big Four audit platform on Microsoft Azure KPMG International and Microsoft today announced two important strategic initiatives that will expand the scope of their global alliance: providing clients with a portfolio of digital solutions1, and enabling KPMG’s smart audit platform, KPMG Clara — both built on KPMG business experience and the Microsoft...

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Economic Environment, Cybersecurity and Financial Risks among Top Concerns
Jul07

Economic Environment, Cybersecurity and Financial Risks among Top Concerns

The economic environment, cybersecurity and financial risks are among the top five risks in 2017 facing executives of Hong Kong-listed companies, according to a joint survey by KPMG and The Hong Kong Institute of Chartered Secretaries (HKICS). The report, titled Risk Management: navigating change in Hong Kong, focuses on the impact of new corporate governance requirements on risk management for Hong Kong-listed companies. It surveyed...

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TWINO and KPMG publish first ever Alternative Lending Index
May17

TWINO and KPMG publish first ever Alternative Lending Index

TWINO has today released the first ever Alternative Lending Index (ALI) in conjunction with KPMG. The report compares lending environments across Europe over the period 2010- 2016. The ALI uses information gathered from the European Central Bank and Eurostat, as well as the central banks of the countries outside the Euro area. The Index provides a scale from 0 to 10 and is higher for countries that have a higher credit gap, lower...

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U.S. Venture Capital Investment In Fintech Rises To $1.2 Billion In Q1
Apr28

U.S. Venture Capital Investment In Fintech Rises To $1.2 Billion In Q1

Uptick expected in Q2’17 With Robo-advisory, Artificial Intelligence and Data Analytics attracting investments U.S. venture capital (VC) investment in fintech companies rose to $1.2 billion in Q1’17, driven by late-stage deals, which reached the highest activity since Q1’16, according to KPMG International’s Q1 2017 The Pulse of Fintech report. Non-VC fintech investment in the U.S. reached $300 million in...

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Global Fintech Market Sees Quiet Q1’17 as M&A Slows
Apr27

Global Fintech Market Sees Quiet Q1’17 as M&A Slows

Global fintech investment got off to a soft start in Q1’17, with the total invested globally at US$3.2 billion, down from US$4.15 billion in Q4’16 according to the Q1’17 edition of The Pulse of Fintech – KPMG International’s quarterly report on fintech investment. Fintech M&A dropped in Q1’17, with US$920 million in deal volume – down from US$1.8 billion in the previous quarter, and less than half of...

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Fintech Investors Pause for Breath
Feb21

Fintech Investors Pause for Breath

KPMG Q4’16 Pulse of Fintech Report reveals sharp decline in global fintech investment in 2016 despite record VC funding Global investment into fintech companies was down across the board in 2016 as political uncertainty heated-up and the fintech hype cooled, according to KPMG International’s The Pulse of Fintech – a quarterly report on global fintech investment. After 2015’s record-setting US$46.7 billion in total global funding to...

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InsurTech in 2017, Murray Raisbeck, Head of Insurance Technology, KPMG :
Jan03

InsurTech in 2017, Murray Raisbeck, Head of Insurance Technology, KPMG :

“People have been talking about FinTech for several years but in 2016 the term ‘InsurTech’ also started to gain traction. In our annual list of the top 100 FinTech companies globally, the presence of insurance start-ups almost doubled compared to 2015. “This trend will continue through 2017 and as a result we will see an increasing number of experienced senior figures move from traditional insurance into more nimble, fast growing...

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Report from KPMG and TWINO Shows UK Leads the Way in Alternative Finance
Dec19

Report from KPMG and TWINO Shows UK Leads the Way in Alternative Finance

European online alternative lending market volumes grown 23% between 2015 and 3Q 2016 reaching EUR 0.6 billion in funded loans as at 30 September 2016. UK leads the way with 81% market share. TWINO and KPMG today announce the publication of ‘Alternative lending market trends in Continental Europe in 2016’ – a major piece of research on the state of the alternative finance market across the continent. The report shows that the UK...

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Seedrs Benelux Funds First Dutch Campaign, works with KPMG and EY
Nov28

Seedrs Benelux Funds First Dutch Campaign, works with KPMG and EY

Following an expansion into the Benelux earlier this year, the Neil Woodford-backed equity crowdfunding platform Seedrs has funded its first Dutch campaign and signed agreements with local innovators KPMG Hub for Entrepreneurs (KHUBE) and EYnovation in Luxembourg. Seedrs is now an official member of KHUBE, a one-stop-shop for entrepreneurship launched by KPMG Luxembourg where the focus is on educating and supporting the Benelux...

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The Chancellor’s Support for Fintech not enough to Fend off China
Nov28

The Chancellor’s Support for Fintech not enough to Fend off China

Commenting on the Chancellor’s package of measures to support UK fintech, including a £500,000 a year investment for fintech specialists, Warren Mead, Global Co-lead Fintech, KPMG, comments: “The UK is a leading global force in fintech but we’re losing power to China rapidly and the announcements in the Autumn Statement will struggle to reverse the trend. “UK fintech investment has seen a considerable decline throughout 2016 as...

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Innovator in Global Cybersecurity appoints former KPMG partner as Chairman
Nov25

Innovator in Global Cybersecurity appoints former KPMG partner as Chairman

VST Enterprises VCode announces the appointment of former KPMG Partner John Hughes as Chairman. The announcement comes at a pivotal time in VST Enterprises’ international growth, having recently announced the addition of two former Elavon Vice Presidents to its business development arm in the US. Prior to joining VST Enterprises, John worked with KPMG for 28 years where he became Partner in charge of Transaction Services. As Chairman...

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European Fintech Funding Declines in Q3 but Asia Investment reaches new High
Nov16

European Fintech Funding Declines in Q3 but Asia Investment reaches new High

Latest report from KPMG and CB Insights on the health of fintech venture capital (VC) investment highlights a second consecutive quarterly drop in deals and dollars After quarterly fintech investment to VC-backed companies peaked as high as US$5B+ in 2015, investors continue to take a much more cautious approach this year according to the Pulse of Fintech, the quarterly report on global fintech VC trends published jointly by KPMG...

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KPMG introduces EVA – the Bank of the Future A Vision of Banking in 2030
Oct13

KPMG introduces EVA – the Bank of the Future A Vision of Banking in 2030

As technology infiltrates every aspect of life, KPMG predicts that by 2030 mass market retail banks will be largely invisible to consumers, in a new report, Meet EVA, the future face of the Invisible Bank. This Invisible Bank will be hidden by a Siri-like e-personal assistant that fulfils daily personal and financial obligations, informed by data gathered from a fully connected way of life.  The role of today’s banks in such a future...

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