KPMG | Global news | Banking

An overview of KPMG global news:

United Arab Emirates

How digital banking is driving the UAE's sustainability agenda As the UAE aims to mobilize over AED 1 trillion in sustainable financing by 2030, Abbas Basrai – partner and head of Financial Services at KPMG Lower Gulf – outlines how the evolution of digital bank
22 August 2024
United Arab Emirates

UAE banking sector taking more initiative in sustainability The UAE banking sector will play a crucial role in facilitating the country’s shift towards a more sustainable economy.
13 May 2024
Middle East

Banks in UAE and Qatar have the highest reputation in GCC Banks in the UAE and Qatar lead the GCC playing field in terms of reputation.
25 March 2024
United Arab Emirates

UAE’s banking sector books strong performance and is robust in 2023 The UAE banking sector looks back at a strong 2022, with net profits up more than 25% on the year previous.
28 March 2023
United States

KPMG defends clean audits of SVB and Signature Bank KPMG US defended its clean audit opinions of Silicon Valley Bank and Signature Bank, both of which collapsed within two weeks of KPMG signing off on their financials.
17 March 2023
Bahrain

KPMG delivers training to compliance officers of Bahraini banks Experts from KPMG have delivered a training program to compliance officers of Islamic banks in Bahrain.
23 November 2022
Saudi Arabia

Payments-focused fintechs offer opportunities for banking The rise of new payment services and technology providers has been nothing short of disruptive, driven by an era of consumer centricity, and accelerated by the Covid-19 pandemic.
25 August 2022
Middle East

Building a strategic procurement function in retail banking Retail banks globally are under increasing pressure to optimise their costs, across the entire value chain.
11 August 2022
Middle East

The role of banks in financial literacy and savings consciousness In the wake of swift technological advancements, the continued growth of middle-class income and the role of social media, the world is witnessing a growing spending culture.
18 July 2022
United Arab Emirates

UAE retail banks fail to meet online customer service expectations Retail banks across the United Arab Emirates continue to struggle with curbing customer complaints on online channels, according to the latest Banking Sentiment Index conducted by KPMG in partnership
27 June 2022
Saudi Arabia

Tadawul-listed banks continue their solid performance (in 5 charts) Tadawul-listed banks have continued their solid performance over the past quarter, according to KPMG Saudi Arabia’s latest Banking Pulse report.
06 December 2021
United Arab Emirates

UAE banks need to step up their customer service game Banks in the UAE have struggled to manage the sudden and widespread shift to online customer service over the last year. This is according to a new study by KPMG and BrandsEye.
20 August 2021
Middle East

Platform banking: the imperative to reshape the business model Banks are facing stiff competition from challengers that have been quick to adopt innovative technologies and embed them into the heart of their operations.
18 August 2021
Middle East

How a new way to think about ESG can create value for banks Governments around the world are rapidly evolving laws and regulations to stimulate the adoption of environmental, social and governance (ESG) practices.
20 July 2021
Saudi Arabia

Future of Saudi banking demands digital maverickism The rapid growth of fintech and the consequences of the Covid-19 pandemic have accelerated the demand for a strong digital leadership for banks, necessitated by both customers who require a touchless
22 June 2021
Middle East

Accompany banking digital transformation with a people strategy The new digital-first ways of conducting business in the banking industry create a knowledge gap that must be bridged.
18 May 2021
United Arab Emirates

Strategic imperatives for UAE banks amid pandemic-stricken change Innovation, digitalization, customer-centricity, compliance and better management of cost and risk are some strategies that banks in the UAE can employ – as they emerge from a year of shrinking profi
12 April 2021
Saudi Arabia

Saudi Arabia's banking sector is ripe for further consolidation M&A activity in Saudi Arabia’s banking market is anticipated to continue to unfold in 2021. Ali Maabreh, Head of M&A at KPMG in Saudi Arabia, outlines why the sector appears to be ripe for further consolidation.
01 April 2021
Saudi Arabia

How Saudi Arabia’s Tadawul-listed banks fared in pandemic-hit 2020 In a new report by KPMG, the firm’s financial services experts have cracked the numbers on the audited 2020 financial results of Saudi Arabia’s eleven Tadawul-listed banks, shedding light on how the
22 March 2021
Saudi Arabia

KPMG leaders on Saudi's Q3 banking sector performance KPMG Saudi banks has released the third quarter edition of its ‘Banking Pulse’, a quarterly study that sheds lights on the key trends and financial developments in the Kingdom’s banking industry.
14 December 2020
United Kingdom

Half of UK financial services staff want shift to flexible working More than one-quarter of finance workers want to work from home full time once Covid-19 passes, while one-in-ten are looking to relocate following the pandemic.
04 November 2020
Lebanon

A&M, KPMG and Oliver Wyman start work at Banque du Liban Two months after announcing the deal, consultants and auditors from Alvarez & Marsal, KPMG and Oliver Wyman have finally hit the ground running in Beirut.
19 October 2020
Saudi Arabia

How banks and insurers in Saudi Arabia are faring during Covid While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have proven resilient this year.
07 October 2020
United Kingdom

Consultants hired to check Covid-19 rescue loans for fraud The British Business Bank has hired professionals from RSM and KPMG to examine the recipients of its emergency loans amid the Covid-19 lockdown.
03 September 2020
Asia

Report charts the way forward for sustainable investments in Asia Government-backed sovereign wealth and pension funds should take the wheel to drive sustainable investments in Asia, according to new analysis from KPMG.
27 August 2020
Lebanon

Lebanon calls in trio of leading management consulting firms The Lebanese government has hired a trio of leading management consulting firms to audit the country’s embattled central bank.
22 July 2020
United Kingdom

AI helps HSBC cut false alarms from flagged payments An AI tool designed and implemented by KPMG has enabled HSBC to save nearly a quarter of its sanctions monitoring spend.
16 July 2020
Australia

Higher costs slash profits of Australia's four major banks Australia’s major banks saw a decline of more than 40% in their profits for the first half of this year, compared to the same period last year.
13 July 2020
United Kingdom

British Business Bank hires Deloitte, KPMG and PwC Three of the Big Four accounting firms have won contracts to support the British Business Bank, which will pay out £20 million in consulting fees for their work.
17 June 2020
Saudi Arabia

Restructuring in Saudi Arabia: Imperative or an opportunity? Regardless of which school of economics you belong to, the consensus in the 21st century is that the economic prospects of a country lie primarily in its ability to offer entrepreneurs and business o
06 May 2020
Saudi Arabia

Saudi banks should embrace fintech strategies and collaborate The number of fintechs emerging in Saudi Arabia’s financial services landscape is changing the face of the banking industry.
23 March 2020
Australia

CBA's start-up venture X15 partners with KPMG and Microsoft Commonwealth Bank (CBA) is looking to tap into the burgeoning financial technology (FinTech) market across the country through the launch of a FinTech startup incubator X15 Ventures.
19 March 2020

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