As banks look to update legacy technology or partner with fintechs they have turned to consultants for advice; consulting firms like BCG, Accenture and the big four accounting firms, KPMG, PwC, Deloitte and EY have all been called upon to help structure deals or provide banks with advice on regulatory updates; financial institutions are relying on these consultants to help banks implement the technology changes and to adapt quicker as they can help bring knowledge from data scientists or app designers. Source.
Deloitte is the newest name to come under cyber attack where hackers accessed data on an email platform; the accounting firm said the cyber breach had affected “only very few clients” and that “no disruption had occurred to client businesses"; they notified government authorities of the hack when it occurred and have put a team together to figure out what happened. Source.
Deloitte has identified the need for developing auditing standards for blockchain as the technology becomes increasingly tested and utilized across all industries; the firm has checked blockchain protocols and applications against professional auditing standards in a project that audited an internally developed loyalty points blockchain application on a permissioned Ethereum network; the firm is currently seeking to be a market leader in defining how an auditor can provide audited assurance of blockchain applications. Source
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[Editor’s note: This is a white paper from Deloitte. Deloitte is a Gold Sponsor at LendIt USA 2016, which will take place on...
Impact Capital Forum and Deloitte are hosting an evening panel event about Blockchain and Financial Inclusion Applications: Identity, Ownership, Payments...
Professional services firm, Deloitte, has made its first investment in a blockchain company; Deloitte has invested an undisclosed amount in blockchain startup SETL; SETL and Deloitte recently partnered on the successful use of blockchain technology with Metro Bank payment cards; in regards to the investment and partnership with SETL, Deloitte's CEO Peter Randall said, "Together, we have the opportunity to offer a unique blockchain service to a range of financial services companies." Source
Deloitte surveyed 308 senior executives at companies with revenue of $500 million or more to gain a better understanding of the corporate market's blockchain technology positioning; survey finds widespread interest across all industries; 61% of surveyed respondents had broad to expert knowledge of blockchain and the majority of these respondents said blockchain adoption would be important for their business; while attention for blockchain innovation has mainly been focused on the financial services industry, Deloitte's survey finds significant innovation and progression across multiple industries; most notably, the consumer products and manufacturing industries have reported the greatest number of patent filings, with 38% of respondents reporting blockchain patents filed by their company. Source
Deloitte recently released a report called Driving innovation in investment management report estimates that invest-tech platforms; many of these platforms...
A new survey from Deloitte and the Financial Services Information Sharing and Analysis Center shows that financial firms spend an...
This year marks the 25th year of the Deloitte Technology Fast 500, the annual ranking of the fastest-growing North American...