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☆ Hong Kong's IPO market is still in a slump despite an expected rebound
▼ + stars: | 2023-11-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Hong Kong Street Scene, Mongkok District with busses Nikada | E+ | Getty ImagesHong Kong's initial public listing market remains in a slump, even as analysts predicted a market rebound in the second half of the year. "The Hong Kong market has not recovered as much as we would like," Irene Chu, partner at KPMG China, told CNBC. In the first three quarters of the year, the Hong Kong IPO market concluded 44 listings, and raised 24.6 billion Hong Kong dollars ($3.14 billion), according to KPMG. Hong Kong's stock market was among the worst performing last year, shedding 15% in 2022 for its third-straight year of declines. "The Hong Kong stock market remained weak in Q3 2023, as did stock valuations, because of macroeconomic developments, in particular around U.S. interest rate hikes.

Persons: Irene Chu, Hong, Ringo Choi, EY, Zhejiang Leapmotor, Arun George, It's, Chu Organizations: Hong, KPMG China, CNBC, Hong Kong, KPMG, Hang Seng, J, T Express, Reuters, Deloitte, Hong Kong's, ZJLD, Onewo, Global Equity Research, International Monetary Fund Locations: Hong, Mongkok District, Hong Kong, Ringo Choi Asia, Pacific, Asia, Indonesian, Zhejiang, China, Shanghai, Shenzhen, KPMG China, —

☆ We could see wages pick up again by the end of the year, says KPMG's Diane Swonk
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe could see wages pick up again by the end of the year, says KPMG's Diane SwonkDiane Swonk, chief economist at KPMG, and CNBC's Steve Liesman join 'The Exchange' to discuss October's job report, whether the Fed will raise rates in 2024, and more.

Persons: Diane Swonk Diane Swonk, Steve Liesman Organizations: KPMG

☆ Microsoft starts selling its Copilot AI tool for email and documents
▼ + stars: | 2023-11-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

On Wednesday, the company started selling the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions targeting businesses. Wong said Gartner encourages organizations to experiment with generative AI, which can create synthetic images and text with just a few words of human input. "I think getting to 20% will be reasonable within two to three years for technologies like Copilot, because there's going to be early adopters, and there's going to be fast followers," he said. Microsoft acknowledges on its website that "the responses that generative AI produces aren't guaranteed to be 100% factual." Microsoft says prompts and responses in Copilot aren't used to train language models and adhere to the company's privacy standards.

Persons: Piper Sandler, Brent Bracelin, Hannah Rudoff, Piper Sandler's, Bracelin, Satya Nadella, Nadella, we've, Jason Wong, Wong, Gartner, Piper Sandler's Bracelin, ChatGPT, aren't, Katie Stockton Organizations: Microsoft, Google, CNBC, Copilot, Bayer, KPMG, Mayo Clinic, Suncorp, Visa, Gartner, Companies

☆ Be more energetic at work! Why it seems like your boss is suddenly prioritizing soft skills.
▼ + stars: | 2023-10-29 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementJames Neave, head of data science at Adzuna, compares soft skills to people skills. Selker said that because soft skills can be observed, they can be measured, even if somewhat subjectively. Measuring soft skills can then become more like evaluating hard skills. AdvertisementAdvertisement"It really is a shift in thinking then to say, 'Can we observe these soft skills?" The pandemic meant that many Gen Zers, as they started their careers, didn't get the face-to-face interactions at work that might have allowed them to further develop their soft skills.

Persons: —, we've, Carrie Fisher, Harry Met Sally, Norman Bacal, Bacal, James Neave, Neave, Greg Selker, Stanton Chase, Selker, Zers, didn't Organizations: Service, Management, LinkedIn, KPMG Locations: American, Adzuna

☆ Shares of Tencent-backed J&T Express fall in lackluster Hong Kong debut
▼ + stars: | 2023-10-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The logistics service provider traded at 11.84 Hong Kong dollars ($1.51) on Friday morning, after opening at HK$12. The HK$3.92 billion ($500 million) IPO is the second largest listing in Hong Kong this year, after premium Chinese liquor company ZJLD Group . J&T Express is listing in an uncertain economic environment, characterized by hiking inflation, high interest rates and ongoing conflict such as the Israel-Hamas war and Ukraine invasion. Hong Kong's global IPO ranking dropped to eighth following a historically slow third quarter," said KPMG in a report published on Oct. 9. "The IPO pricing is dropping significantly by more than 50% or even 70%."

Persons: Irene Chu, Ringo Choi Organizations: T Express, Hong, HK, ZJLD Group, KKR, SF Express, Temasek, T, KPMG, KPMG China, CNBC, Reuters . Companies Locations: Hong Kong, U.S, Sequoia, Israel, Ukraine, Asia, Pacific

[1/3] Tom Barrack, CEO of Colony Capital, speaks at the Republican National Convention in Cleveland, Ohio, U.S. July 21, 2016. Here are five criminal cases where the defendant testified:Theranos founder Elizabeth HolmesThe Theranos founder took the stand at her criminal trial in 2021, testifying over several days that she did not intend to defraud investors in the now defunct blood-testing startup. Middendorf, who was head of a department at KPMG, testified at the trial in Manhattan that when he learned another employee had obtained the information, he reported it to his boss. Ex-HSBC executive Mark JohnsonThe former HSBC executive was convicted in 2017 of defrauding a bank client in a $3.5 billion currency trade. Reporting by Jody Godoy in New York; Editing by Noeleen Walder and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Barrack, Jim Young, Sam Bankman, Fried, Elizabeth Holmes, Holmes, Donald Trump, David Middendorf, Middendorf, Mark Johnson, Johnson, Jean Boustani, Boustani, Jody Godoy, Noeleen Walder, Daniel Wallis Organizations: Colony Capital, Republican National Convention, REUTERS, United, United Arab Emirates, U.S, KPMG, Supreme, HSBC, Prosecutors, Credit Suisse, Thomson Locations: Cleveland , Ohio, U.S, San Jose , California, Brooklyn, United Arab, UAE, Manhattan, British, Lebanese, Mozambican, Mozambique, New York

☆ Amazon and Meta are penalizing workers who don't return to the office. Experts say they should make a stronger case for working IRL first.
▼ + stars: | 2023-10-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Amazon and Meta have said you could be fired or dinged in your review for not going to the office. Focusing on days in the office misses a chance to tell workers how it could benefit their careers. Yet the flex misses a chance to have a savvier conversation over how being together can benefit workers' careers, experts say. I think the opportunity is for us to get off the silly construct of days in office," Garbarino said. Garbarino said leaders should look past days in the office and focus on what they can do to help their workers develop.

Persons: —, Chase Garbarino, Garbarino, Paul Knopp, Knopp, Benjamin Granger, Granger Organizations: Meta, Service, Amazon, Kastle Systems, KPMG US Locations: That's

☆ Blackstone's Stephen Schwarzman says remote workers 'don't work as hard' and profit from working from home
▼ + stars: | 2023-10-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Stephen Schwarzman said remote workers "don't work as hard regardless of what they tell you." Schwarzman added that remote workers profit because they save on commuting and meals. AdvertisementAdvertisementBillionaire Stephen Schwarzman said on Tuesday that people benefited from remote work because they can save on commuting and meals while not having to work as hard. During Tuesday's panel discussion, Schwarzman said the prevalence of remote working could result in more vacant office buildings. AdvertisementAdvertisementSchwarzman, whose remarks were first reported by Bloomberg on Tuesday, isn't the only business executive who's criticized remote work.

Persons: Stephen Schwarzman, Schwarzman, —, Blackstone, who's, Jamie Dimon, Elon Musk, Musk Organizations: Blackstone, Saudi Arabia's Future Investment Initiative, Service, Bloomberg, JPMorgan, KPMG

☆ After a robust third quarter, US economic growth will likely slow. That's good for the prospect of rate cuts next year.
▼ + stars: | 2023-10-22 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The central bank also doesn’t have any incentive to restrict the economy through elevated interest rates if inflation is already under control. The US central bank has raised interest rates 11 times since March 2022 to their highest level in 22 years. The US Commerce Department reports new home sales in September. The US Commerce Department reports third-quarter gross domestic product along with September figures on new durable-goods orders. The US Labor Department reports the number of new applications for jobless benefits in the week ended October 21.

Persons: Jerome Powell, ” Gregory Daco, ” Diane Swonk, Donald Trump, Colin Kaepernick’s, Bud Light’s, Elliott Gotkine, ”, Jeffrey Sonnenfeld, “, Satya Nadella, ” Sundar Pichai, , Sherwin, Williams, Clark, General, Hess, Rowe Price Organizations: CNN Business, Bell, DC CNN, The Commerce Department, Federal Reserve, Treasury, KPMG, BlackRock, America, Nike, Yale School of Management, Microsoft, ” Disney, Sonnenfeld, Tottenham Hotspur, Whirlpool, Verizon, General Electric, Barclays, 3M, General Motors, Spotify, Quest Diagnostics, Mobile, Boeing, General Dynamics, Old Dominion, Hilton, Meta, IBM, US Commerce Department, Mastercard, Merck, Comcast, UPS, Myers Squibb, Northrop Grumman, Valero, The Hershey Company, Amazon, Intel, European Central Bank, US Labor Department, National Association of Realtors, Exxon Mobil, Chevron, Colgate, Palmolive, Phillips, University of Michigan Locations: Washington, EY, Israel, United States, United Kingdom, London, Gaza, Kimberly, Haliburton, Old, Bristol, AbbVie

☆ After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season?
▼ + stars: | 2023-10-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new Eras. However, it also could mean that holiday spending just might look a little different and skewed more toward experiences than it has done in past years. Respondents to KPMG’s 2023 holiday survey said they plan to spend 5% more this season, said Matt Kramer, KPMG’s consumer and retail national sector leader. “What stands out the most is this ‘leaning in’ to holiday travel and wanting to have those experiences with friends and family,” he said. A more comprehensive look at consumer spending will come at the tail end of the month when the Personal Consumption Expenditures data is released.

Persons: Barbenheimer, Everybody, ”, Keith Gentili, ” Taylor Swift, Allen J, “, Ted Rossman, that’s, ’ ”, aren’t, Matt Kramer, Tamara Charm, Elijah Nouvelage, Patrick T, Fallon, Gus Faucher, Nathan Howard, Nancy Vanden Houten, ’, ” Rossman, Matt Schulz Organizations: Minneapolis CNN —, New Hampshire, Los Angeles Times, Getty, Bankrate, McKinsey, Travelers, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Commerce, Apple, PNC Financial Services, Shoppers, canaries, LendingTree Locations: Minneapolis, New, Inglewood , California, splurge, ’, Los Angeles, AFP, Georgetown, Washington, what’s, Oxford

☆ Hey managers, we should be answering Gen Z's questions, not just complaining
▼ + stars: | 2023-10-21 | by ( Tim Paradis | Diamond Naga Siu | ) www.businessinsider.com time to read: +8 min

It's easy for older workers to complain about Gen Zers as being lazy or entitled. Yet some Gen Z workers are questioning norms that need to be reconsidered, experts tell Insider. AdvertisementAdvertisementWe've all heard the complaints about Gen Z and how they're rattling older managers . People older than Gen Z created the social platforms some Gen Zers are sounding off on. 1 thing she hears from older workers is that Gen Zers ask too many questions.

Persons: Gen Zers, —, Gen, Gen Z, Zers, TikTok, Kenneth Matos, Matos, who's, Xer, " Matos, Rebecca Fagan, she's, Fagan, Maia Ervin, Ervin, it's, millennials, they're, Z Organizations: Service, Boomers, KPMG, Gen, JUV Consulting Locations: Zaria

The $15.50 per month price for Netflix's most popular streaming option in the U.S. will remain unchanged, as will a $7 monthly plan that includes intermittent commercials. The increase left Netflix with about 247 million worldwide subscribers, well above the 243.8 million projected by analysts surveyed by FactSet Research. Netflix has picked up more than 16 million subscribers through the first nine months of the year, already eclipsing the 8.9 million subscribers that it added all of last year. The crackdown also has boosted Netflix’s in another way – current subscribers can share their accounts with someone living outside their households by paying higher monthly fees. The higher prices for Netflix's premium plans also seems likely to divert more subscribers into the ad-supported option.

Persons: it’s, ’, Greg Peters, hasn’t, Harding, Uday Cheruvu, Peters, ” Cheruvu, “, ”, Scott Purdy Organizations: FRANCISCO, Netflix, FactSet Research, Google, Facebook, Microsoft, KPMG Locations: U.S, —, France, Los Gatos , California

☆ Gen Z doesn't know how to write emails. AI is coming to Outlook, so it might help.
▼ + stars: | 2023-10-13 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

A new Microsoft AI tool could make up for the soft skills that some managers say Gen Z lacks . Microsoft 365 Copilot will us AI to help users write better emails, the company says. AdvertisementAdvertisementCompanies that use Microsoft Outlook for correspondence are getting an AI-powered tool that will help draft emails beginning next month. Some managers have complained about their supposedly lazy Gen Z workers, who they need to be supervised all day to ensure they're keeping up with their tasks. ResumeBuilder.com surveyed more than 1,300 US managers in April, and most of them said that Gen Z is the "most challenging generation" to work with.

Persons: —, Copilot, ResumeBuilder.com, Cherie Gartner, there's, It's Organizations: Microsoft, Service, KPMG, Visa, General Motors, Lumen Technologies, CNN

[1/3] PwC Australia Chief Executive Officer Kevin Burrowes listens during the inquiry into management and assurance of integrity by consulting services at Parliament House in Canberra, October 12, 2023. The global firm announced last month it had taken "appropriate action" against six staff outside Australia who received confidential information and should have raised questions. No confidential information was used for commercial gain, it said. Burrowes told senators PwC Australia had not been provided details about the international investigation and did not know where the staff worked or how they had been disciplined. An investigation by the U.S. accounting regulator, the Public Company Accounting Oversight Board (PCAOB), is underway and PwC Australia is providing further information to the body, a senior executive told parliament.

Persons: Kevin Burrowes, Mick Tsikas, PwC, Burrowes, Lewis Jackson, Sonali Paul Organizations: Australia, House, REUTERS Acquire, Rights, Police, PwC, Public Company, KPMG Australia, Thomson Locations: Canberra, U.S, PwC Australia

☆ Microsoft to widely offer an AI feature into outlook that can write emails for you
▼ + stars: | 2023-10-12 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

New York CNN —Artificial intelligence could soon be writing more company emails in Microsoft Outlook, as the company expands its rollout of AI tools for corporate users. The Microsoft 365 Copilot tool – “your everyday AI companion,” as the company bills it – will help users write their emails to “keep your sentences concise and error-free.” The tool also summarizes long email threads to quickly draft suggested replies. Users with Microsoft 365 Personal or Family subscriptions will get more advanced AI help through Microsoft Editor, an intelligent writing assistant. The initial wave of attention on the tool helped renew an arms race among tech companies to develop and deploy similar AI tools in their products. Microsoft rival Google, for example, has also brought AI to its productivity tools, including Gmail, Sheets and Docs.

Persons: OpenAI Organizations: New, New York CNN, Microsoft, Visa, General Motors, KPMG, Lumen Technologies, Excel, Google, Gmail Locations: New York

☆ KPMG hit with record fine for 'textbook failure' in Carillion audits
▼ + stars: | 2023-10-12 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The Financial Reporting Council (FRC) said the number, range, and seriousness of the deficiencies in the audits of Carillion were exceptional, resulting in the watchdog's highest ever fine. On occasions, KPMG audit partner Peter Meehan told his team to record his review of working papers without having done a review, the FRC said. Meehan, no longer with KPMG, was fined 350,000 pounds after a discount to reflect his cooperation and admission of failures. It would have been 30 million pounds, but was discounted due to admissions and co-operation by the auditor. KPMG was fined 14.4 million pounds last year after providing false and misleading information to the FRC during spot checks on audits of Carillion and outsourcing firm Regenersis.

Persons: Reinhard Krause, Carillion, Richard Moriarty, Moriarty, Peter Meehan, Meehan, Jon Holt, Holt, Huw Jones, Sharon Singleton, Mark Potter Organizations: KPMG, Canary, REUTERS, BHS, Council, FRC, PwC, Deloitte, EY, Thomson Locations: London, Britain

☆ The No. 1 thing CEOs are investing in right now, says a new survey—you can use it to get a lucrative job
▼ + stars: | 2023-10-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Artificial intelligence chatbots can write corporate memos, compose new episodes of The Office in iambic pentameter and potentially land you a lucrative new job. Nearly three-quarters of CEOs call generative AI a "top investing priority," according to a recent survey conducted by KPMG, an international professional services network. They're spending on AI in the hopes of increased profitability, innovation and security for their companies, respondents said. More than half of the survey's participants said they're spending more money on new technology than training current employees. The average job posting involving generative AI skills offers a $138,232 salary, says a September report from job search platform Adzuna.

Persons: Jay Shankar Organizations: KPMG, Amazon Web Services, CNBC

☆ Deloitte expands as PwC Maldives, Sri Lanka network firms exit - memo
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Anushree Fadnavis Acquire Licensing RightsBENGALURU, Oct 9 (Reuters) - Accounting giant Deloitte is acquiring some of rival PricewaterhouseCoopers' (PwC) Maldives and Sri Lanka network firms, according to a Deloitte memo seen by Reuters, strengthening the company's presence in the South Asia region. PwC's Sri Lanka and Maldives firms will join Deloitte with effect from Oct. 28, the memo said. PwC Sri Lanka and Maldives also confirmed the Deloitte deal in a separate memo sent to some clients seen by Reuters. We are "committed to effecting a seamless transition as we prepare to join Deloitte," the memo said. Deloitte already has a presence in Sri Lanka, largely providing audit services in the region, the source with direct knowledge said.

Persons: Anushree, PwC, Romal Shetty, Nandan Mandayam, Aditya Kalra, Pooja Desai, Mark Potter Organizations: Deloitte, REUTERS, Rights, Accounting, PricewaterhouseCoopers, PwC, EY, KPMG, Reuters, Deloitte South Asia, Sri, Thomson Locations: Gurugram, India, Maldives, Sri Lanka, South Asia, Bengaluru, New Delhi

U.K. retail sales increased by 2.7% in September, up from 2.2% growth the previous year but below the 12-month average growth of 4.2%, according to figures from the British Retail Consortium. Food sales were up 7.4% as non-food sales fell 1.2%. "Sales growth in September slowed as the high cost of living continues to bear down on households," said Helen Dickinson, chief executive officer of the BRC. Dickinson said growth had been artificially boosted by high inflation over the last two years as sales revenues increased even as sales volumes decreased. — Jenni Reid

Persons: Helen Dickinson, Dickinson, Paul Martin, — Jenni Reid Organizations: British Retail Consortium, KPMG

A woman pushes shopping carts during a sales event on Thanksgiving day at Walmart in Westbury, New York, U.S., November 28, 2019. In recent years, retailers like Amazon and Walmart have sought to boost their bottom lines and spread out demand by hosting holiday shopping events online in early October. Inflation remains a top concern for holiday shoppers, according to a KPMG survey, leading some to seek out deals on possible gifts. Walmart, which revealed discounts for its four-day Holiday Kickoff event at midday on Monday, posted deals on Dyson vacuums, HP (HPE.N) laptops and Apple (AAPL.O) products, much like Amazon and Target. The Target Circle event started nearly a week earlier than its October sales event in 2022.

Persons: Shannon Stapleton, Neil Saunders, Matt Kramer, Dyson, Arriana McLymore, Jamie Freed Organizations: Walmart, REUTERS, Black, Deloitte, Amazon, Deal, KPMG, KPMG Consumer, Retail National, U.S, HP, Apple, Target, Apple Watches, Thomson Locations: Westbury , New York, U.S, New York

☆ Today's jobs report reveals a strong economy despite cooling inflation, says KPMG's Diane Swonk
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToday's jobs report reveals a strong economy despite cooling inflation, says KPMG's Diane SwonkDiane Swonk, chief economist at KPMG, joins 'The Exchange' to discuss what today's jobs number says about the economy's strength, bond yields doing the work for the Fed, and ongoing union contract disputes impacting the jobs market.

Persons: Diane Swonk Diane Swonk Organizations: KPMG, Fed

☆ US economy added 336,000 jobs last month, almost twice what was expected
▼ + stars: | 2023-10-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

The US economy added an estimated 336,000 jobs last month, blowing expectations out of the water, according to Bureau of Labor Statistics data released Friday. In September, leisure and hospitality helped drive job growth higher, with 96,000 jobs added. Today’s headline jobs number — that surprising 336,000 net job gain — is an initial estimate that will be revised twice more. The surprising September jobs report, however, didn’t continue that streak. August’s second look has job growth now at 227,000 for the month, an increase of 40,000.

Persons: ”, Sung, Soh, Joe Biden, “, it’s, ” Biden, Andrew Patterson, ” Patterson, they’ve, Jim McCoy, we’re, ” Daniel Zhao, Glassdoor’s, ” Julia Pollak, didn’t, ” Diane Swonk, — CNN’s Tami Luhby Organizations: Minneapolis CNN, of Labor Statistics, Loyola Marymount University, SS Economics, BLS, Federal Reserve, Dow, Nasdaq, Bureau of Labor Statistics, Vanguard, Fed, Administration, Children, Families, Nationwide, Century, CNN Locations: Minneapolis, United States

☆ Your boss might give you a raise just for showing up to the office
▼ + stars: | 2023-10-05 | by ( Tim Paradis | ) www.businessinsider.com time to read: +3 min

US CEOs say they'd give raises, promotions, or better assignments to those who work at the office. The findings came in a survey from KPMG that showed how frustrated bosses are with remote work. AdvertisementAdvertisementCEOs are really starting to hate remote work — and are willing to go beyond free pizza to get you to come in. Outside of some of the big banks and high-wattage tech firms , many companies have settled into a mix of in-office and remote work. The survey found only one-third of CEOs envision traditional office jobs as remaining hybrid, down from 45% in 2022.

Persons: —, Meta's, Paul Knopp, it's, It's, Knopp, that's, We're Organizations: KPMG, Service, Big Tech, Amazon, KPMG US

☆ Inside the consulting industry's race to become AI rainmakers
▼ + stars: | 2023-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

Big consulting companies are racing to add to their offerings around artificial intelligence. That's the bet consulting companies have been making as they rush to build out their generative AI offerings. To help companies figure out how to use AI, the consulting giants are racing to scoop up companies that specialize in the technology. Consulting firms' push to bulk up on AI comes as many workers are worried that AI bots will snatch their jobs . That same month, Deloitte introduced a set of services called Quartz AI to help clients use technology like GenAI.

Persons: —, they're, OpenAI's ChatGPT, They're, Sawhney, ChatGPT, Steve Chase, he's, Chase, EY EY, EY, PwC PwC, PwC, Shannon Schuyler, Bain, BCG Organizations: Service, Accenture, McKinsey, PriceWaterhouseCoopers, Northwestern University's Kellogg School of Management, Deloitte, LinkedIn, Fortune, KPMG, Microsoft, KPMG US, Bain Bain & Company, Boston Consulting, OpenAI, Deloitte Deloitte, Nvidia, QuantumBlack, QuantumBlack Labs Locations: Mexico

☆ The wonky world of regulation is actually a hot spot for fintech investing. Here are 12 compliance startups set to take off.
▼ + stars: | 2023-10-04 | by ( Bianca Chan | ) www.businessinsider.com time to read: +1 min

Insider asked more than 30 top fintech investors to nominate the most promising startups. Here are 12 up-and-coming fintechs looking to offer solutions to wonky regulations and tax rules. Startup investors are zeroing in on fintechs that make it easier for businesses to comply with regulations and tax policies. Funding for fintechs has slid since 2021, but one bright spot has been startups that sell regulatory tech to financial services players. Such "regtech" players had a record 2022, according to KPMG, as the value of deals in this space hit $20.9 billion.

Persons: KPMG's Organizations: fintechs, KPMG

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