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PWC
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Partnerships / AcquisitionsTravelex Ditches Sale After Banks Reject Offers
Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable...
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B2B PaymentsCFOs Predict More Layoffs, But Economic Boost In Q3
In a survey of senior financial executives, a majority of chief financial officers (CFOs) indicated that they are optimistic that the economy...
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B2B PaymentsUK Moves Closer To Big Four Accountancy Breakup
The Financial Reporting Council (FRC), the U.K.’s audit regulator, announced plans this week to break up the dominance of the largest four...
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B2B PaymentsKPMG, PwC, EY To Put $9B Toward AI, Data Tech
The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data...
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B2B PaymentsUK Accounting Giants Reserve $212M For Possible Fines
The U.K.’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million...
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BankingDeep Dive: The Many Roads To Digital-First Banking
PYMNTS’ Where Will We Bank Next? Survey found that banking customers are increasingly placing a higher value on convenience, personal data security...
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B2B PaymentsAuditors Ready To Drop Riskiest Corporate Clients
As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., the Financial Times reports...
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RegulationAustralia’s Big Banks Defend Spending Millions On Outside Auditors
Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants....
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B2B PaymentsUK’s FRC Triples Fines Against Big Four Accountants
The U.K.’s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many...
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ANTITRUSTIndia Presses For Big Four Accountancy Review
The Indian government is reportedly seeking an antitrust investigation into potential anticompetitive behavior among the nation’s Big Four accountancy and auditing firms,...
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B2B PaymentsBig Four Accountancies Fail UK Audit Test
All of the U.K.’s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit...
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BankingEx-BBVA Exec Under Investigation For Spying Allegations
The former chief operating officer of Spanish lender BBVA is under investigation for corporate spying. Ángel Cano, along with seven other current...
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B2B PaymentsPwC’s Xero Accounting Partnership Goes Global
Corporate audit and accounting company PwC is expanding its existing collaboration with small business cloud accounting company Xero. The companies announced in...
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B2B PaymentsUK Financial Watchdog Ramps Up Auditor Oversight
U.K. financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses...
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B2B PaymentsPwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a...
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BitcoinBitcoin Daily: Japan Banks Launch Digital Wallet; Canadian Court Will Hear First-Ever Bitcoin Expert Witness
Japanese bank Mizuho, as well as around 60 other financial institutions (FIs), have launched a new digital wallet called J-Coin Pay. According...
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BitcoinBitcoin Daily: Bitcoin Falls To Lowest Price In Two Weeks; Hackers Use WEX Exchange To Launder Bitcoin
Bitcoin has had its ups and downs over the last few weeks. Right now, it’s on a down, with prices falling as...
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B2B PaymentsKoverse Chosen As Foundation For PwC’s Know Your Vendor Solution
PwC has chosen the Koverse Intelligent Solutions Platform to integrate into its “Know Your Vendor” solution. By integrating with Koverse’s platform, PwC,...
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B2B PaymentsNo Breakup For UK’s Big Four Accountancy Firms
The U.K.’s Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA),...
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B2B PaymentsPwC Finds Blockchain Distrust High, Even As Adoption Accelerates
The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to...
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B2B PaymentsPwC Debuts Small Biz Payment Reminder App With Bemo
One of the U.K.’s Big Four auditing firms, PwC, is teaming up with a small tech firm to make it easier for...
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BlockchainTaking Stock Of The Banks Scrambling For Blockchain
Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and...
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Security & FraudPwC Charged $625.3M For Colonial Bank Fraud Scheme
Following a non-jury trial in March, a federal judge has said that PricewaterhouseCoopers LLP (PwC) must pay the Federal Deposit Insurance Corp....
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B2B PaymentsUK Accounting Watchdog Ramps Up Fines
The U.K.’s accounting watchdog, the Financial Reporting Council (FRC), has now levied more fines in two days than it has in the entirety...
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BitcoinBitcoin Daily: Fed: Futures Led To Bitcoin Price Drop, PwC Subs Invest In Blockchain Firm
The decline in the price of bitcoin over most of this year to date might be related to the launch of cryptocurrency...
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Security & FraudZelle’s Growing Pains With Fraud
While Zelle’s business is booming, many people are reporting that hackers have used it to clean out their bank accounts. Zelle was...
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B2B PaymentsRegs Want UK To Consider Big Four Accountancy Breakup
U.K. regulators are encouraging an inquiry into whether the market’s Big Four accountancy firms — KPMG, Deloitte, PwC and EY — should...
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B2B PaymentsPwC Hit By Two-Year Ban In India
India regulators have banned PricewaterhouseCoopers (PwC) from auditing in the nation for the next two years, according to news from The Financial Times this...
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InternationalChina FinTechs Turn To Overseas IPOs To Raise Capital
With China tightening its regulations, some of the country’s largest FinTech startups are eyeing initial public offerings (IPOS) overseas. According to a...
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B2B PaymentsAztec Exchange May Be Headed For Liquidation
A company news message at Irish invoice financing company Aztec Exchange suggests the firm is headed toward liquidation. Aztec Exchange has called...
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B2B PaymentsPwC Fined Record $6.5M For Auditing Misconduct
A U.K. regulator has fined PwC $6.5 million — a record for the watchdog, reports said — for misconduct during its audit of Connaught....
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BlockchainPwC Launches Vulcan, Its FinTech Offering
PwC announced Monday (Nov. 14) the launch of a new FinTech offering dubbed Vulcan Digital Asset Services. The service enables digital assets...
- Mobile
Hispanics Early Tech Adopters, Study Says
It’s not news that the U.S. Hispanic market for technology is a hot one. For years, the demographic has been known to...
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Alternative FinancesPwC Gets Into The Gig Economy
PricewaterhouseCoopers is making a move on the rapidly expanding “gig” economy with a marketplace that matches freelancers with internal corporate projects. The...
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NewsUK Government raises awareness on cyber security
According to UK government research published this week, the average cost of the most severe online security breaches for a big business...
- Mobile Commerce
PwC Survey: Shoppers Still Pick Stores Over Online
Despite all the pressure that brick-and-mortar retailers are feeling from online and mobile commerce, physical stores are still the primary place shoppers...
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InternationalUS Is The New Growth Market, PwC Survey Says
CEOs are less optimistic about the economy this year than last, according to a PwC survey unveiled at the World Economic Forum...
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NewsPwC Paper Describes 6 Priorities For Retail Banking In 2020
We all know that mobile has had a dramatic effect on the entire banking and payments landscape, yet much of this is...
