Forty percent of Australians trust AI in the workplace A University of Queensland and KPMG Australia study found only 40 percent of Australians trust the use of artificial intelligence (AI) at work, such as tools like ChatGPT. Overall, Australians’ attitudes towards AI mirrored other Western countries like the UK, Canada,…
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The sharp drop-off highlights the rapidly shifting marekt Australian fintech investment deal volume fell to 123 transactions in 2022, from a historical high of 187 transactions in 2021, according to the Pulse of Fintech H2’22 – a bi-annual report published by KPMG highlighting global fintech investment trends. While a record…
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Overall operating profit before tax by 38.6 per cent. Australia’s mutual banks, building societies and credit unions (the ‘mutuals’) increased overall operating profit before tax by 38.6 per cent to $685.0m in the 2021 financial year, with total assets up 7.4 per cent to $148.2b. The renewed growth by the…
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KPMG report highlights institutions embrace digital transformation in the face of increased competition. Capital market reforms are presenting opportunities for Mainland China’s securities industry, with companies that embrace fintech and digitalisation best positioned for long-term growth, according to KPMG analysis. The 15th annual Mainland China Securities Survey analyses the industry…
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Traditionally a year or two passes before a fraud is identified. Australian businesses believe the risk of fraud will increase this year, despite an expected move away from the widespread remote working which left them more open to being a victim, a KPMG Forensic survey has revealed. KPMG’s survey of…
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Developing efficient digital capabilities to cater to mass markets. Both traditional Asian banks and top foreign banks in the Asia Pacific region are experiencing growing competition from two types of technologically advanced players. One is the emerging WealthTech firms that are developing advanced B2B and B2C digital solutions, while the…
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What does 2030 look like for financial services? By 2030 the financial services landscape looks fundamentally different to what it did ten years ago. Digital transformation, evolving customer expectations and new entrants have long been disruptive forces in the financial services landscape. However, the COVID-19 pandemic accelerated the speed of…
Read MoreOrganisations are investing heavily in technology to address immediate concerns. Pre-COVID-19, private and public organisations were on a journey towards a digital business model, travelling at varying speeds. But the scale of the pandemic has forced a dramatic acceleration, both in the speed of change and the required investment in…
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Remote working and cyber attacks prompt further technology investments Entering 2020, investment in technology had remained at an all-time high; 55 per cent of technology leaders had received a budget increase, driven by the need for operational efficiencies, customer engagement and developing new products and services, states the recent 2020 Harvey…
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5G growth will be great in APAC, but what does that mean for CIOs? Telecommunication operators in APAC plan to invest over US$400 billion on their networks between 2020 and 2025. Of this, US$331 billion will be spent on 5G deployments, according to the latest Asia Pacific edition of the…
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