Archives

September 15, 2024 @ 4:36 pm By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a softening of UK labour market conditions during August. Latest data showed that permanent placements “continued to fall, and at an accelerated pace, amid reports of reduced demand amongst companies for… Read More

September 7, 2024 @ 11:31 am By Omar Faridi  |  

Latest figures have revealed Scottish businesses remain attractive to investors as 23 firms shared funding worth over £85 million in the second quarter of 2024. The latest KPMG Private Enterprise Venture Pulse report has showed “that companies from across the region – including Edinburgh, Stirling,… Read More

September 6, 2024 @ 8:47 am By Omar Faridi  |  

KPMG has recently commented on the latest Money and Credit data from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared key insights on the newest Money and Credit data from the Bank of England (for the month… Read More

September 3, 2024 @ 6:30 am By Omar Faridi  |  

The first six months of 2024 were challenging for the global fintech market given the high interest rate environment and geopolitical uncertainties. Global investment in fintech fell “from 62.3 billion dollars to 51.9 billion dollars during this period.” While VC investments in the USA and… Read More

September 2, 2024 @ 9:24 pm By Omar Faridi  |  

Despite the promises of Gen AI, business leaders have significant concerns about its implications for business performance, according to new research from KPMG UK. Respondents cited the inaccuracy of results, “including hallucinations1, as the biggest concern when adopting Gen AI (60%).” Boards are also worried… Read More

August 28, 2024 @ 7:27 am By Omar Faridi  |  

New figures published today from KPMG UK’s mid-year Fraud Barometer show that money laundering has been the most common fraud type by value in the last six months. Nine cases have been heard in UK Crown Courts collectively “worth £128.2 million so far this year.”… Read More

August 25, 2024 @ 6:33 pm By Michael Wong  |  

Financial technology (fintech) investments in China showed a modest recovery at the end of 2023 and continued into 2024, according to KPMG’s Pulse of Fintech H1’24 report. Among the top ten fintech deals in the Asia-Pacific (APAC) region, five were from Mainland China and Hong… Read More

August 13, 2024 @ 9:38 am By Omar Faridi  |  

KPMG has released two reports, Venture Pulse Q2’24 and Pulse of Fintech H1’24, which show that Ireland is following the global trend with investment up in the broader VC market, investment in fintech, is also up – “bucking the global trend.” 24 venture capital (VC)… Read More

August 12, 2024 @ 2:12 pm By Omar Faridi  |  

Fintech investments in China made a modest recovery towards the end of 2023 and trickled over into 2024. Among the top ten fintech deals in ASPAC, five originated from Chinese Mainland and Chinese Hong Kong. Despite the regulatory hiccups in China, fintech is poised “to… Read More

August 8, 2024 @ 5:14 pm By Omar Faridi  |  

Two large private equity buyouts propelled the total value of investments in Canadian fintechs to a new high in the first six months of the year amidst a broader persistent slump in Canadian and global investment, according to KPMG International‘s H1’24 Pulse of Fintech report…. Read More

August 6, 2024 @ 2:38 pm By JD Alois  |  

The UK has long been a hot center of innovation in financial services. The noted Fintech hub has boosted the UK economy while helping the country maintain its status as a top global financial center. The sagging global economy, commencing with the COVID health crisis,… Read More

August 5, 2024 @ 8:18 am By Omar Faridi  |  

Global venture capital investment rose to a five-quarter high in the second quarter of 2024, from $75.3 billion in the first quarter to $94.3 billion. This is shown by the latest Venture Pulse 2024 from KPMG. This development is mainly due “to very large investments… Read More

August 1, 2024 @ 11:46 am By Omar Faridi  |  

Ireland sees venture capital (VC) investment pick up in Q2’24 and saw 24 deals raising $237.5 million an increase of nearly two fifths (38 percent) compared to $172.5 million across 33 deals for the same period last year. VC investors showed increasing willingness “to make… Read More

July 19, 2024 @ 6:16 am By Omar Faridi  |  

Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to KPMG UK’s latest mid-market Private Equity analysis. The firm’s most recent M&A research study revealed “that 321 mid-market transactions were completed… Read More

July 9, 2024 @ 8:21 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a further decline in permanent placements in June as general election uncertainty and reduced demand for workers weighed on hiring activity. Companies instead looked to temporary solutions “for their staffing needs,… Read More

July 7, 2024 @ 4:55 pm By Omar Faridi  |  

Productivity growth goes in cycles and Australia is currently within the normal bounds of a low productivity growth period, rather than a “crisis” as commonly characterized, according to a research report from KPMG. However, there would be cause for concern if this downturn continues to… Read More

July 5, 2024 @ 8:23 am By Omar Faridi  |  

Following a technical recession in the second half of 2023, the UK economy has shown tentative signs of renewed momentum, “with growth of 0.5% expected this year, and 0.9% in 2025,” according to the latest KPMG Global Economic Outlook. The report finds a number of… Read More

June 22, 2024 @ 6:23 pm By Omar Faridi  |  

Discretionary spending hit as household cost pressures continue to mount according to the latest findings from KPMG UK‘s Consumer Pulse survey. As noted in the update, four in ten consumers say they’ve “cut back on non-essential spending, reducing their monthly discretionary budget by £77 on… Read More

June 18, 2024 @ 5:27 pm By Omar Faridi  |  

The latest KPMG Australia Retail Health Index (RHI) indicates the road to recovery for Australia’s embattled retail sector has stalled, with positive health not forecast until September 2025. Between the December quarter 2023 and the March quarter 2024 the KPMG RHI had “a rise of… Read More

June 18, 2024 @ 1:07 am By Omar Faridi  |  

KPMG Enterprise Barometer 2024 unveils optimism and ambitious growth among Ireland’s indigenous businesses, with nearly two-thirds (65 percent) expecting to increase turnover within the next 12 months, compared to 55 percent in 2023. On behalf of KPMG, RED C surveyed nearly 200 decision-makers “in indigenous… Read More