She also co-founded Women in Cyber Network @ BNP Paribas, a global community that aims to bring more women to technological jobs, especially Cyber Security. Allan heads up the Nominated Office/AML, Sanctions & CTF Operations function at Tesco Bank and is the Deputy MLRO. He has a leading role in their AML, Sanctions & CTF Change Programme which is delivering complex customer and compliance improvements. He has held senior Risk Management positions at State Street Corporation and GE Capital. Saqib spent the bulk of career at the Royal Bank of Scotland where he started out as a Programmer and then moved on to become a trader on the fund derivatives desk.
This also helped propel the popularity of instalment payment services. Funding is not the only indicator that should send stakeholders shaking with trepidation. Publicly traded fintech companies have seen their shares drop over the past few months too. FinTech Global has similarly suggested that the sector could experience a 7% decrease in the money raised in 2022 compared to the amounts raised in 2021.
Enhance collective surveillance of the international monetary and financial system. Over the last 3 years, I have provided trusted advice and guidance to a variety of organisations looking to change their approach to GRC. The organisations I have worked with have often been looking to advance their approach to GRC through the use of modern, intuitive, and insightful technology. My job is to help these businesses and people with this often daunting task, and make it as seamless as possible. Ange is responsible for Governance and Compliance for Lloyd Banking Group’s Cloud Enabled Business Transformation Programme.
While Apple and Microsoft have recovered from their January slump, companies like Meta and Netflix have not been as lucky. Larger macroeconomic trends seem to be affecting the fintech industry. PayPal has fallen from a $308 five-year high in July last year to be trading at $81.68 at the time of writing. Twitter founder Jack Dorsey’s payment giant company Block, previously known as Square, has seen its shares fallen from $276 in February 2021 to $86 in May 2022.
He is also involved in developing a climate risk management framework for JPM’s trading book. Outside of work, he is a bit of a musician and is working on his first album. Søren Agergaard Andersen is the Chief Risk Officer for Nordea Asset Management, the biggest asset manager in the Nordics with more than € 250bn AuM. Søren is responsible for the overall enterprise risk function, managing an international team of risk professionals in Denmark, Sweden and Luxembourg. Before joining the asset management industry, Søren held leading positions within risk in banking and pension/life insurance. One of his main priorities is to define and uphold a strong and yet flexible governance and risk framework, which can support a sound overall risk culture.
In H2’21, fintech investment in EMEA reached $77.3 billion with 1,859 deals. In 2021, fintech investment in EMEA reached $77.3 billion with 1,859 deals. In H2’21, fintech investment in the Americas reached US$105.3 billion with 2,660 deals. In 2021, fintech investment in the Americas reached US$105.3 billion with 2,660 deals. Compelling conversations on emerging tech trends and opportunities shaping financial services right now. “I’ve actually been banging the drum about this for some time now, but the fintech boom of recent years has shared some eerie similarities with the dot-com bubble of the early 2000s,” Hartley says.
He has also led projects in transaction banking, financial markets and capital markets.Tendai is passionate about people, leadership, diversity and inclusion and financial education. He has served and continues to serve in various capacities to support these causes.A qualified Chartered Accountant, Tendai is a member of the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Zimbabwe . Previously he was Managing Director of ActiveViam in APAC where he and his consulting team were involved in several front-office and risk management projects with large local and international banks.
Joshua also served as the Senior Manager of Operational and Technology Risk for the Making Home Affordable program where he led the development of the ORM framework and all supporting components. Joshua also has prior experience as a Big Four management consultant where he led several engagements for Financial Services clients specializing in operational, technology and compliance risk reviews, governance and supporting technology implementation . Director of Enterprise and Operational at TIAA the second largest institutional retirement and advisor firm next to the U.S. In this role, Seth was responsible for building and executing the operational risk and control framework, supporting programs and governance models across the parent company, integrating M&A targets and affiliates into the risk ecosystem.
This didn’t prevent it from failing to go toe-to-toe with the likes of Stripe and Checkout.com. The market experts Verdict has spoken with blame the implosion on Fast’s failure to get market traction and to offer a unique experience. The recession and the post-pandemic market correction have motivated some market watchers to believe that more fintech ventures may face the same fate at Fast, which was forced to close down in April. “When you think that when interest rates go up, there are more attractive, safer options than putting money into a startup company,” Allum says. Australian Zip has seen its stock nosedive by 80% over the past year. Market uncertainties and the fragile state of geopolitical affairs are certainly key factors behind their hesitation.
Having spent several years in the IT and Pharmaceutical industries, Louise is enjoying her return to Financial Services where she started her Procurement career. He sat on the steering committee for the FCA Industry Sandbox consultation and was a founding member of the industry Pensions Dashboard project working in collaboration with Government & the ABI led project team. He also led the Industry Data Portal project on GDPR with the Information Commissioners Office for UK Financial Services and FinTech and is a contributor to the governments APPG on FinTech.
Assad Bouayoun has over 15 years of quantitative analysis experience in investment banking. He is a quantitative finance specialist focusing on total valuation including funding and capital cost, xVA, risk, stress and reverse stress testing. He was responsible for designing industry standard hedging and pricing systems in equity derivatives during his time in Commerzbank, and had the same responsibility in credit derivatives while working for Credit Agricole, and also in xVA in institutions like Lloyds, RBS and Scotiabank. He lead the modelling team responsible for the research and development of the simulation engines used for exposure computation within HSBC in London. Now he is XVA and Credit Derivative quantitative analyst at Daiwa Capital Market.
These forecasts were accepted one of the most accurate forecasts of U.S. economic trends in 2010 and 2011 by Bloomberg. He holds a PhD in Economics from Terry College of Business, UGA and is expert in time series econometrics and monetary policy. He has published several academic papers and worked as editor and guest editor in academic journals. Prior to joining Atom Chris had Fintech industry spent over twenty years in financial services working both in the UK and abroad, holding senior positions in Risk and Finance in HSBC, RBS, GE and Virgin Money. His experience has covered a range of risk disciplines with a particular focus on Credit and Data. Chris is a member of the Research Advisory Board at the Credit Research Centre at Edinburgh University Business School.
He is a regular speaker and commentator at industry conferences & events. Armel is certified Financial Risk Professional and a member of Global Association of Risk Professional. Armel received an MBA from the University of Pennsylvania Wharton School, a master’s in finance from ESCP Europe, Paris, France and a master’s in statistics and economy from ENSEA Abidjan, Ivory Coast. Armel is a father of 3 girls, speaks three languages, he is passionate of economic empowerments, Arts and Music and is member of the Board of Directors of the Ridgefield Symphony Orchestra.
He has advised firms on developing quantamental approaches to trading — strategies at the intersection of structural, statistical, and fundamental trading, utilizing data science, machine learning on both structured and unstructured data, and behavioral analytics. Further, he has led several investment strategy and risk management teams and held a number of senior positions, including Chief Investment Strategist at a $6 billion global macro volatility hedge fund, and Senior Global Macro Trader at a $400 million hedge fund. Pradyumna specializes in Market Risk and Counterparty Risk with experience spanning both the Front Office and Risk Management functions at two of the largest global investment banks. In his current multi-dimensional role he is the market risk manager for JPM’s differential discounting desk, the banking book loan portfolio and also is the head of CVA stress testing.
Bradley Mirkin is a Cybersecurity, Financial Crimes and Regulatory Compliance expert. The focus of his practice is on regulatory compliance in areas such as Cybersecurity, Anti-Money Laundering and Financial Crimes with a special emphasis on issues involving Information Security and Compliance Software. Ido Lustig is the Chief Risk Officer of BlueVine, a Silicon Valley-based fintech startup that provides working capital financing to small and medium-sized businesses. A veteran data scientist and risk manager, Ido helped develop BlueVine’s fully-online cloud-based platform for invoice factoring, revolutionizing the 4,000-year-old financing system that allows businesses to receive cash advances on outstanding invoices.
During the year, its stock climbed from $117 in January to a $164 high in November. The argument is that the sector has enjoyed a boom thanks to the pandemic. Now, as society regains a modicum of normality, it is due for a market correction. The market uncertainties caused by the war in Ukraine and the retaliatory sanctions the West has hurled at Vladimir Putin’s regime https://globalcloudteam.com/ add to the mix. Monitor developments closely to deepen understanding of evolving financial systems. Gary Savill is Head of Enterprise Risk for Saga Group and has over 12 years of extensive risk management expertise, working previously in general and medical insurance for AXA UK for 10 years and as Deputy Head of Operations for Sanlam Investment Management for 4 years.
Noah is a thought leader in the firm and has authored Protiviti whitepapers and a blog series for emerging tech companies seeking to fund and scale their business. Noah is well-versed in the FFIEC IT handbooks, cloud security alliance, cybersecurity frameworks and a variety of regulatory requirements that have implications on the FinTech sector. Jason is a retail and commercial banking expert and strategic advisor with 30 years’ experience working with clients delivering innovative and complex programmes to solve business critical issues. He has market leading knowledge and insight in the challenger banking and SME banking sectors, and has led numerous strategy and transformation programmes for a wide range of start-up, mid-tier and universal banks.
Digital currencies and virtual assets are a big, big topic of conversation,” said Anton Ruddenklau Global Fintech Co-Leader and a partner at KPMG in Singapore. South Korea-based mobile financial app Toss raised $410 million in Asia’s largest venture capital round of H1’21. The Americas accounted for $51.4 billion of fintech investment in H1’21, with the US accounting for the overlarge majority ($42.1 billion.) Investment in the EMEA region was also very robust at $39.1 billion. In the Asia-Pacific region, fintech investment rose considerably between H2’20 and H1’21 – rising from $4.5 billion to $7.5 billion, although investment remained suppressed compared to previous record highs. 2021 was a record year for fintech investment in Africa, and the momentum is only likely to increase. A deeper dive into the investment data and trends in 6 major fintech segments.
Member firms of the KPMG network of independent firms are affiliated with KPMG International. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. © 2022 Copyright owned by one or more of the KPMG International entities. To learn more about the analysis and topics raised in this edition, or to discuss your organization’s unique fintech agenda and roadmap, please contact your local KPMG advisors or the contributors in this publication.
He serves as an independent director of a Fintech and also a private company where he chairs the audit committees. He received his credit training at the Chase Manhattan Bank, holds an MSc in Information Systems and a BBA in Statistics. Rinse Jacobs is Head of International Sales at Solarisbank, the tech company with a banking license.
He also represented the Bank of England at the EBA group that produced the 2019 Guidelines on Outsourcing and contributed to the FSB’s report on third-party dependencies in cloud services that was published in December 2019. Prior to working in this areas, Orlando also played a leading role in the development of the PRA’s policy on the Senior Managers and Certification Regime (SM&CR). Julie is an experienced risk manager with 25 years at UBS and specialises in outsourcing and procurement and, more widely operational resilience.
Research firm CB Insights has said that there was an 18% drop in fintech funding between the last quarter of 2021 and the first of 2022. The analysts put the amount injected into the industry at $28.8bn in Q1. Then, of course, there’s the very public implosion of Fast to consider. While the startup had aggressively branded itself as a one-click checkout revolution, no amount of hype was able to save it from crashing when investor money dried up. And if you ask industry experts, it won’t be the last fintech to collapse in the months to come.
Vivek Tyagi is Managing Director, Head of Risk Management for Bank of America Merrill Lynch’s Transaction Services group – a Fortune 350 equivalent business division. In this capacity Vivek is responsible for all business risks globally, including Credit, Operational, Regulatory Compliance, AML, Market and Strategic risks. Previously, Vivek served as Chief Risk Officer and division risk executive at JP Morgan, Genworth Financial and Citigroup. He has held a number of senior Financial Crime Prevention positions with Sainsbury’s Bank, RBS and their Williams & Glyn subsidiary over the past 8 years which have been pivotel in improving the use of technology to mitigate risk and improve the customer experience. Joshua holds a Bachelor of Science degree in Information Systems from Florida State University.
Currently, Craig is Head of Enterprise Risk Management Strategy at First Data and is also the CEO & Founder of RiskTao, LLC which specializes in Enterprise Risk Management training. A seasoned professional that has enjoyed a diverse career spanning over 30 years in various segments of Real Estate, Capital Markets, Banking and Technology. In his current role at Cushman and Wakefield, he leads advisory teams addressing a myriad of bank compliance and risk challenges for some of the largest banks in the world. Joe is also highly focused on identifying and creating cutting edge solutions to replace the antiquated technology that still plagues the banking sector. Armel R. Kouassi is a senior finance professional with broad-based experience in Banking, Fintech, AI, Asset Liability and Treasury Portfolio Modeling. His experience includes a wide range of products with assignments in several major financial institutions and a Big 4 Audit Firm.
He also participated to the firmwide data standardization and integration that are essential aspects of the success of these projects. He is also leading an effort to leverage quantum annealing for financial quantitative reverse stress testing. The objective of the annual international Fintech Leaders survey is to assess the status of the Fintech industry, as identified by those working in the industry. The survey aims to gain a greater insight into the status of the financial technology implementation in financial services, assessing the key opportunities, investment priorities, main challenges and benefits, and exploring the road ahead. The report predicts that B2B services will gain attention across fintech subsectors.