KPMG: Bitcoin a Threat and Opportunity for Retail Banks
Big four' auditing firm KPMG has published a report identifying bitcoin as both a threat and an opportunity to the banking sector. The report, titled The Changing World of Money, outlines the factors threatening established retail banks, whilst discussing the potential of cryptocurrencies as viable payment solutions. It states: "New challenger organisations, from banks to peer-to-peer lenders to PayPal and bitcoin are smaller, more agile and quicker to respond to changing trends." The document goes on to explain that these emerging forms of payments have "greater responsiveness to customer....
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The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services. KPMG, one of the Big Four accounting firms in Canada and the United States, has revealed the opening of its first metaverse collaboration hub to help its employees and clients pursue growth opportunities in the digital era.KPMG is entering the metaverse with a new collaboration hub that will connect employees, clients and others with Web3. The company is making a collective $30 million investment this year in Web3 experiences, with....
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Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow. Government-issued electronic currency seems to be an idea whose time has come. “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or BIS, in early May — something that would have been unthinkable only a few years ago. The BIS also found that nine out of ten central banks were exploring central bank digital currencies, or CBDCs, in some....
On September 14th, 2016, professional services firm, KPMG, announced a suite of services built around distributed ledgers and how companies can implement them into their business models. KPMG and Microsoft Partner Up to Create Blockchain Solutions. As part of this effort, KPMG will collaborate with Microsoft in a partnership they say will combine the best aspects of both firms to offer the best experience for their clients. Canadian IT advisory leader for KPMG, Yvon Audette, specified some of the parameters of the collaboration. “Through this collaboration, we are combining KPMG’s....
Global accounting firm KPMG yesterday launched a suite of tools designed to help banks and other financial services firms build with blockchain in a compliant way. A formalization of its work with distributed ledgers, the Amsterdam-based accounting firm that last year generated $24bn revenue, in turn, has expanded its partnership with Microsoft to integrate with its blockchain-as-a-service toolkit. But as KPMG just so happens to be one of the four biggest accounting firms in the world, its US and global lead for Digital Ledger Services told CoinDesk that the news is about more than simply....