KPMG and Microsoft Boost Their Global Alliance
Recognizing the need for tech-powered solutions, #KPMG will work closely with #Microsoft in both consulting and audit, including Azure-enhanced tools.
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KPMG and Microsoft Boost Their Global Alliance
Recognizing the need for tech-powered solutions, #KPMG will work closely with #Microsoft in both consulting and audit, including Azure-enhanced tools.
Financial Technology -
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KPMG and Microsoft Boost Their Global Alliance
Recognizing the need for tech-powered solutions, #KPMG will work closely with #Microsoft in both consulting and audit, including Azure-enhanced tools.
Financial Technology -
user
KPMG Kooperiert Mit Fintech Traxpay
Die Wirtschaftsprüfungs- und Beratungsgesellschaft KPMG hat eine Kooperation mit dem Frankfurter #Fintech-Unternehmen Traxpay vereinbart, das eine B2B‐Zahlungs- und Finanzierungsplattform in Kombination mit der #Blockchain-Technologie entwickelt hat. KPMG berät ab sofort Finanzinstitute bei der Implementierung der Traxpay-Software und bei der Anpassung der internen Prozesse. Zudem bietet KPMG Trainings- und Schulungsmassnahmen an und führt für Mandanten Testings durch.
#KPMG #Kooperiert Mit Fintech #Traxpay
Sven Korschinowski
Sven Korschinowski, Partner von KPMG im Bereich Financial Services: „Die neue strategische Zusammenarbeit zwischen KPMG und Traxpay ermöglicht es uns, gemeinsame Lösungen und Dienstleistungen zu entwickeln und bereitzustellen, von denen sowohl Banken als auch deren Geschäftskunden profitieren.“
Markus Rupprecht
Markus Rupprecht, Gründer und CEO der Traxpay AG: „KPMG berät Finanzinstitute und Unternehmen und versteht deshalb die Herausforderungen auf beiden Seiten. Unsere Plattform ist ein gelungenes Beispiel für eine erfolgreiche Kooperation zwischen Fintechs und Banken im Rahmen der Digitalisierungsinitiativen des Firmenkundengeschäftes. Banken können so ihre Kundenbeziehungen stärken und neue Provisionseinnahmen erschließen.”
Traxpay bietet mit einer Cloud-basierten Plattform eine sichere digitale Lösung zur Abwicklung von Finanztransaktionen im B2B-Bereich an. Dazu gehören der automatische Austausch von Rechnungsdaten zwischen den Geschäftspartnern und die treuhänderische Verwaltung der Zahlungsbeträge bis zur Erfüllung der Vertragsbedingungen. Zudem ist eine Zwischenfinanzierung von Außenständen über diese Plattform möglich.
The post KPMG Kooperiert Mit Fintech Traxpay appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Global Venture Capital-backed Fintech Funding Declines In Q3’16: KPMG And CB Insights
Investors continued to take a much more cautious approach to #fintech investments this year. #Venture capital (VC)-backed #global fintech deal activity fell for the second consecutive quarter, marking its lowest level since Q2’14, according to the Pulse of Fintech, the quarterly report on global fintech VC trends published jointly by KPMG International and CB Insights.
VC-backed fintech in Q3 2016
VC-backed fintech #funding dropped 17% to US$ 2.4B, while deal activity fell 12% to 178 deals in #Q3’16 compared to the previous quarter. Asia was the only continent to see a fintech funding increase on a quarterly basis in Q3’16, while North America and Europe fintech funding declined. All three continents covered in the report saw fintech deal count drop.
Chia Tek Yew
“Asian investors are seeing the potential of fintech amidst global uncertainty in an environment of moderating growth,” said Chia Tek Yew, Head of Financial Services Advisory, KPMG in Singapore. “As businesses continue to embark on the journey of transformation, interest and investment in Asia’s fintech sector will continue to be strong, particularly in areas like payments #technology, insurance technology and regulatory or risk technology.”
Mr Chia added: “Singapore is a leading fintech hub, being one of the first countries in the world to put in place a regulatory fintech sandbox. There are also plans by the authorities to explore ways to attract more VC funds, which bodes well for the overall funding ecosystem.”
Asia quarterly fintech funding tops US: US$ 1.2B across 35 deals in Q3’16. While the number of VC-backed fintech deals dropped to a five-quarter low in Asia, funding increased 50% on a quarter-over-quarter basis to reach US$ 1.2B. Year-to-date results of US$ 4.7B suggest Asia-based fintech investment for 2016 could top last year’s peak investment results of US$ 4.8B. Corporates continue to be highly active in Asia’s fintech investment environment, participating in more than half of all deals to VC-backed fintech startups in Q3’16.
North America sees fintech funding fall below US$ 1B. North America saw both fintech funding and the number of deals fall on a quarter-over-quarter basis, as VC-backed startups raised just US$ 0.9B across 96 deals, a drop of 5% in deals from Q2’16 Funding in Q3’16 to VC-backed fintech companies in North America fell 68% compared to the same quarter last year, which saw US$ 100M+ financings to the likes of Sofi, Avant and Kabbage. #KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative (“KPMG International”), a Swiss entity.
Deal Count and Investment by Continent
Europe fintech funding on pace to drop below 2015 levels. Q3’16 saw European fintech deals fall 17% quarter-over-quarter as fintech funding in Europe dropped 43% over the same time period to US$ 233M. Germany outpaced the UK in terms of fintech funding for the second consecutive quarter, with 35% more funding raised by German- based VC-backed fintech companies than those in the UK.
Corporates stay active in fintech. Corporates participated in 30% of global VC-backed fintech deals for the second consecutive quarter in Q3’16, driving a significant amount of fintech deals activity globally. Citigroup, Banco Santander and Goldman Sachs have made over 20+ fintech investments in total over the past five quarters, while a host of insurers have launched corporate venture arms.
Other key highlights from the Pulse of Fintech:
The Pulse of Fintech
Global fintech mega-rounds fell to a new low in Q3’16. Asia saw US$ 50M+ fintech rounds stay level for the fourth straight quarter, while Europe has not registered a single US$ 50M+ round to a VC-backed fintech company so far in 2016.
The median late-stage deal size in fintech globally fell to US$ 23M in Q3’16. This is significantly smaller than the same quarter last year, when median late-stage fintech deal size hit US$ 50.2M globally.
Total year-to-date funding to VC-backed InsurTech companies reached US$ 1.36B at the end of Q3’16. InsurTech-focused VC-backed deal activity topped 20 deals during three of the past five quarters.
Next-gen payments has attracted US$ 1.2B+ in 2016 VC-backed funding (year-to-date). The top 20 deals, including Affirm, Mobikwik and One97, raked in 67% of the total funding to payments technology companies in the first three quarters.
Anand Sanwal
Anand Sanwal, CEO of CB Insights, adds: “While we continue to see significant investment into fintech companies globally, the euphoria for mega-deals that we saw into the latter half of 2015 has waned. Total investments to key areas like marketplace lending and #blockchain technology have both seen #declines heading into the tail-end of 2016.”
The post Global Venture Capital-backed Fintech Funding Declines In Q3’16: KPMG And CB Insights appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Digital Attack: ‘Marketplace’ Platform Lets You Hire KPMG Specialists within 48 hours
#KPMG has launched a new #platform that allows users to #hire KPMG #specialists to cover their short-term needs for up to 20 days, effectively, and online. The new service aims at addressing the increasingly fast-paced, dynamic and #digital working world.
As digitalization forces Swiss companies to innovate and take a critical look at their business models, KPMG is looking to lead the trend as the auditing and consulting firm has announced the launch of a new digital platform for the temporary staffing of its professionals.
Qualified as “the latest innovation in digital platforms,” KPMG’s #Marketplace lets businesses hire KPMG specialists rapidly through an entirely digital process. The temporary staffing agreement is concluded #within 48 #hours and marks the beginning of deployment.
Explaining the new platform, Anne van Heerden, head of advisory and member of the executive committee at KPMG Switzerland, said:
&8220;Marketplace is something completely new in the advisory business. Regardless of the reason, whether seasonal peaks, complex analyses requiring extra work or emergencies that pop up at short notice, at KPMG’s online platform, enterprises can find just the right specialists in a flash to efficiently cover their temporary requirements for any timeframe of up to 20 days.&8221;
KPMG&8217;s specialists provide a wide range of capabilities through Marketplace including financial modelling, analytics, business and process analysis and project administration and reporting.
According to Stefan Pfister, CEO of KPMG Switzerland, the platform intends to help companies with their digital transformation processes. He said that the new service will open up a wide range of opportunities and possibilities for the firm to incorporate into its auditing and advisory services.
&8220;Marketplace is just the latest example of our broad-based digital #attack,&8221; Pfister said. &8220;For years now, we have been offering our clients a unique range of support services in areas such as cognitive data analytics where we work together with Microsoft, IBM Watson and McLaren, along with many others.&8221;
KPMG Marketplace has launched in a number of markets including Switzerland, Australia and Vietnam (also referred to as KPMG OnDemand).
As the consulting world undergoes a shift, KPMG has been deploying a number of initiatives to disrupt itself and remain competitive in the face of growing demand for greater digitalization.
With a team based in Singapore, KPMG Digital Village acts as an online platform connecting firms with startups. The idea is to boost collaboration between corporates and the startup community to help the firm&8217;s clients in their digitalization journey.
KPMG Digital Village focuses on three particular areas: #fintech, healthtech and logtech.
During the past few years, consulting firms s have made some strategic acquisitions of design firms, moves that highlighted the industry&8217;s shift towards digitalization.
Featured image via KPMG
The post Digital Attack: ‘Marketplace’ Platform Lets You Hire KPMG Specialists within 48 hours appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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‘Big Four’ Firm KPMG Talks New Blockchain Services Suite
#KPMG has launched a #suite of tools designed to help #banks build with #blockchain in a compliant way.
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KPMG: DAO Failure Won’t Hinder Private Blockchain Progress
#KPMG has commented on the ongoing situation around The DAO, asserting it hasn’t impacted client confidence in #blockchain.
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How Accenture, Deloitte, KPMG, EY & Capgemini are helping fintech start-ups to disrupt FS – Computer Business Review
Disruption to the financial services market is coming from several different angles, from regulations, to customer demand for change and cost. These factors have come together to aid the introduction of #fintech companies into the market.
Fintechs have appeared and started to disrupt numerous areas of finance, aided by a customer first approach and backed by #technology. Fintechs don’t have the legacy that the incumbents have and so are able to quickly roll out new services and features as customer requirements change.
While this agility is a vital factor behind the speed at which disruption is happening, another equally important factor is the support that they are receiving from consultancy firms.
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