Tagged: pwc

Majority of ASEAN Region Fintech Firms are Planning to Raise Additional Funds while Expanding Operations in 2021: Report

Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. A report from UOB, PwC… Read More

Singapore based Financial Technology Firms Secured the Most Funding Compared to All Other ASEAN Region Fintechs: Report

Singapore has managed to attract the highest total funding amount (at 42%) in the ASEAN region – which includes other major Southeast Asian economies such as Indonesia, Malaysia, Thailand, Vietnam, the Philippines, among others. Overall investor interest in Singapore’s Fintech companies continues to remain quite… Read More

Australian Neobank Xinja Is Working on Finalizing $433 Million Investment Deal from Dubai’s World Investment Group

Australian neo-bank Xinja recently noted that it’s working cooperatively with Dubai’s World Investment Group (WIG) in order to close the $433 million investment deal that was announced in March 2020. At present, the bank is working with auditors so that they can address concerns regarding… Read More

Henri Arslanian from PwC Reveals that Crypto M&A in H1 2020 Surpassed Total from 2019, Average Deal Size Increased from $19.2m to $45.9m

Henri Arslanian, the Crypto Leader at PwC Global, says that there’s never a dull moment in the crypto and blockchain space. Arslanian, who’s also a keynote speaker and best-selling author, notes that PayPal recently announced that it will be allowing its customers to buy, hold… Read More

Digital Transformation in Qatar has Accelerated due to COVID-19, with Banks Investing More in Fintech Solutions

Fintech firms in Qatar are focused on improving the customer experience by providing more accessible financial services. Fintech solutions providers are helping with enabling greater financial inclusion, lower operational costs, and offering better security for applications, according to Burak Zatiturk, the Financial Services Leader at… Read More

$1.3 Trillion was Spent on Digital Transformation in 2018, About $900 Billion “Went to Waste,” Fintech Exec Reveals

Satya Nadella, CEO of Microsoft, recently noted that we’ve experienced two years of digital transformation in just two months due to the acceleration of the shift towards all-digital platforms and services following the COVID-19 outbreak. Business ideas that may have been considered unthinkable or inconceivable… Read More

COVID-19 leads to Increased Blockchain Adoption to Combat Digital Counterfeiting, Improved Data Management in Japan, Industry Execs Claim

The COVID-19 outbreak had led to many Asian countries exploring the adoption of blockchain or distributed ledger technology (DLT) in order to securely manage data, according to an update from the Nikkei Asian Review. Tomohiro Maruyama, senior manager of PricewaterhouseCoopers (PwC) Consulting, told Nikkei that… Read More

Qatar Ranked High on “Ease of Doing Business,” as Country Develops Fintech Friendly Policies, Launches Regulatory Sandbox

Qatar has substantial capital that has been invested by local entities into the nation’s economy, which is more diversified than most other countries in the Middle East. However, foreign direct investment (FDI) may still serve a key role in developing the nation’s knowledge-based economy and… Read More

UK Fintech Galytix to Offer AI and Machine Learning Enhanced Smart Data Analytics Solution for Obtaining Reliable Company Data

Banking professionals, asset managers, insurance providers and Big Four auditing firms need access to reliable information about businesses. Fintech firm Galytix has introduced an economic intelligence platform that allows users to gain access to important information about companies. Galytix is reportedly planning to establish operations… Read More

PwC and Federation of Indian Chambers of Commerce & Industry Recommend that Banks, Fintechs Should Perform Video KYC Checks during COVID-19

A new report recommends that the Indian government should bring back subsidies for digital payments for transactions valued at less than INR 2,000 (appr. $26.50) and also implement Aadhaar-based electronic KYC checks for Fintechs, non-bank financial companies (NBFCs) and mutual funds. The report has been… Read More

Bitcoin (BTC) Investments: Institutional Investors Still Not Sure whether Cryptocurrencies are Independent Asset Class, PwC’s Henri Arslanian Reports

Henri Arslanian, the Global Crypto Leader at PricewaterhouseCoopers (PwC), notes that many analysts have been attempting to predict the Bitcoin (BTC) price. This, after we’ve seen record leves of quantitative easing from reserve banks across the world, increased retail adoption of digital currencies and platforms,… Read More

Singapore Fintech Association Introduces Self-Assessment Framework to Help Fintechs Determine whether they’re Complying with Regulations

The Singapore Fintech Association (SFA), a cross-industry non-profit initiative that’s focused on supporting collaboration between all market participants and stakeholders in the financial technology industry, has introduced a digital self-assessment framework to improve working relationships between companies. According to the association, the framework should expedite… Read More

Italy’s Fintech Sector Remains “Weak” Mainly Due to Low Level of Investments: Report

There are now 278 Fintech firms in Italy, which  is 49 more than when Big Four auditing firm, PricewaterhouseCoopers (PwC), released its previous report on the financial technology sector in the European nation. PwC’s extensive 96-page report reveals that Italy now has an emerging real… Read More

Legaltech: PwC Canada Chooses eDiscovery Firm iCONECT CA’s Document Processing Software to Handle Legal and Privacy Requirements

iCONECT CA Inc., a privately-held firm focused on legal technology (Legaltech) and eDiscovery, has teamed up with Big Four auditing firm PwC’s Canada division. PricewaterhouseCoopers has chosen the iCONECT document eDiscovery platform, in order to improve its ability to take care of legal, privacy, regulatory,… Read More

Fintech Credit Kudos, the “Challenger Credit Bureau,” Partners with PwC to Establish Digital Banking Ecosystem Sandbox

Fintech firm Credit Kudos, the “challenger credit bureau,” has teamed up with Big Four auditing firm PricewaterhouseCoopers (PwC), in order to launch a digital banking “ecosystem sandbox.” Credit Kudos is regulated by the UK’s Financial Conduct Authority (FCA). It aims to provide a different and… Read More

Median Digital Asset Hedge Funds Returned +30% Last Year, PwC-Elwood’s Latest Market Report Reveals

Henri Arslanian, the global leader for PricewaterhouseCoopers‘ (PwC) cryptocurrency and blockchain-related projects, shared the auditing firm’s 2nd Annual PwC-Elwood Crypto Hedge Fund Report on May 11, 2020. Arslanian summarized the key findings from the report as follows. The median crypto asset hedge fund returned +30%… Read More

The Case for Digital Banking Services in Malaysia, and Globally, has Become Stronger Due to COVID-19: Report

The Coronavirus (COVID-19) outbreak has created major social-economic challenges for individuals and businesses throughout the world. The pandemic has led to an increase in the use of Fintech-focused services, which has helped some companies generate more revenue during these difficult times. However, the crisis has… Read More

Digital Asset and Blockchain M&A and Fundraising Deals Declined Significantly Last Year: Report

Big Four auditing firm Pricewaterhousecoopers (PwC) reports that the majority of global digital asset fundraising and mergers and acquisitions (M&A) deals last year took place outside of the United States for the very first time. As noted in PwC’s report (released on April 6, 2020),… Read More

Security Token Issuance Platform Tokeny Forms Partnership with PwC

Digital asset primary issuance platform Tokeny has announced a new partnership with PwC. Tokeny is a Luxembourg based Fintech that enables companies, banks, funds, real estate assets and more to tokenize these securities using blockchain technology. Tokeny enables institutional grade, issuance, transfer and servicing management… Read More

Blockchain-enabled Smart Contract Auditing Solution Developer ChainSecurity Partners PwC to Streamline Auditor’s Services

The blockchain-enabled smart contract auditing solution developers at ChainSecurity have teamed up with the Switzerland-based division of Big Four auditing company PricewaterhouseCoopers (PwC), in order to streamline the services the multinational auditor provides. According to statements shared with Cointelegraph, a PwC representative confirmed that no… Read More

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