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KPMG | Global news | Financial Services

An overview of KPMG global news:

United States

KPMG US makes three leadership appointments in asset management sector KPMG US has appointed Yesenia Scheker-Izquierdo as national sector leader for asset management and business line leader for asset management and private equity, David Neuenhaus as tax sector leader f
09 April 2025
Saudi Arabia

Saudi Arabia’s financial technology market continues its growth path Saudi Arabia’s financial technology (fintech) market continues to grow strongly, with the number of fintechs increasing, investments into the scene at a record level, and innovation and diversificati
10 September 2024
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
Canada

Two megadeals drive record half for investment in Canadian fintechs Megadeals for Montreal-based fintechs Nuvei and Plusgrade powered the total value of investments in Canadian fintechs to a record high of US$7.8 billion in the first six months of 2024.
21 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
Canada

Canadian institutional investors back on the crypto train, finds KPMG report Nearly four in 10 institutional investors in Canada had exposure to cryptoassets, according to a biannual survey from KPMG Canada and the Canadian Association of Alternative Strategies & Assets (CAAS
29 April 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
Bahrain

Solidarity acquisition named Islamic Finance deal of the year in Bahrain Solidarity’s acquisition of Al-Hilal Life and Al-Hilal Takaful from Ahli United Bank has been named the best financial transaction of the year in Bahrain.
18 February 2024
Canada

KPMG partners with Chainalysis on crypto compliance KPMG Canada on Wednesday announced a strategic agreement with Chainalysis, a New York-based provider of cryptocurrency investigation and compliance solutions.
24 November 2023
Bahrain

KPMG commits to supporting young Bahrainis in financial services KPMG is stepping up its contributions to developing future leaders within Bahrain’s financial services sector.
25 September 2023
United Kingdom

UK sees fintech investment decline 57% in one year Investments in the UK’s fintech sector have plummeted by 57% between 2022 and 2023.
29 August 2023
Canada

Canadian fintech investment in first half falls to pandemic-era levels Investment in Canadian fintech firms saw a three-fold drop in H1 2023, falling to the lowest point since H1 2020, according to data compiled by PitchBook for KPMG Canada.
22 August 2023
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
Canada

Canadian fintech investment dips in 2022 after banner 2021 Investment in Canada’s financial technology (fintech) industry fell 81.4% to US$1.
16 February 2023
Saudi Arabia

Saudi Arabia's top sectors for CX: Retail and Financial Services What sectors offer the best customer experience in Saudi Arabia? In its take on the multifaceted question, KPMG surveyed over 1,500 consumers from across the Kingdom to find out, concluding that reta
06 February 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

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
Canada

KPMG Canada appoints Geoff Rush as financial services leader KPMG Canada has promoted Geoff Rush to national industry leader for financial services.
25 January 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

Six trends sweeping through Middle East's insurance industry Global accounting and consulting giant KPMG has released the latest edition of its ‘Future of Insurance’ report for the Middle East.
05 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
Australia

Australia's insurance industry saw profits halve in 2020 Bushfires, storms, floods and a global pandemic have combined to give Australia’s insurance sector one of its worst years on record. KPMG presents the year’s key figures in a new report.
13 January 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

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