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Half of UK accountants believe technology will replace them by 2030
April 24th, 2017
50% of accountants that work in UK practices believe that technology will render 80% of their day to day duties obsolete by 2030, according to a recent poll by Accountancy Practice Jobs. In a four-part online poll, 714 accountants ...
Oil recovers lost ground, but market remains under pressure
April 24th, 2017
Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. U.S. West ...
Germany finance chief: The euro will survive French election
April 22nd, 2017
Germany’s finance minister has played down concerns over the impact of the upcoming French election on the euro. The common currency has been on an uncertain path due to the unpredictability of the presidential vote this Sunday, but according ...
CySec informs that a Cyprus Investment Firm renounced its authorisation
April 21st, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors and public that on 13th March 2017, the CIF Asset Management Advisory Services (AMASS) Ltd (the ‘Company’), which provided investment services via the domains www.amasseurope.com ...
Law firm in Australia launches patented legal technology
April 21st, 2017
Australia’s leading independent law firm, Corrs Chambers Westgarth, has received a patent from IP Australia for a new optical character recognition (OCR) analysis technology. The technology identifies documents with low quality searchable text and will be used as part ...
FTSE 250 pharmaceutical specialist to replace Deloitte for KPMG
April 21st, 2017
FTSE 250 pharmaceutical specialist the Vectura Group, which supplies products for the treatment of lung disease, is to appoint KPMG as external auditor from the 2017 financial year, replacing incumbent Deloitte after a decade Deloitte has been Vectura’s auditor ...
ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services
April 21st, 2017
The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed today in Melbourne, establishes a framework for cooperation ...
Fintech in the Middle East and North Africa is booming
April 20th, 2017
Fintech startups in the Middle East and North Africa have raised $100-million over the last decade, yet 28% fail in their initial years, says a new report by business support organisation Wamda and online payment gateway Payfort. Released last ...
ASIC bans former director of AFS Capital
April 20th, 2017
ASIC has banned Dr Bingxing Hu (Dr Hu), of Melbourne, Victoria, from providing financial services for five years. Dr Hu was a director of AFS Capital Securities Limited ACN 143 006 151 (AFS Capital) from 8 April 2010 until ...
Nasdaq launches FinTech investment program
April 20th, 2017
Nasdaq (Nasdaq:NDAQ), one of the world’s leading providers of technology and services to the capital markets, announced today the launch of a venture investment program, Nasdaq Ventures, dedicated to discovering, investing in and partnering with unique fintech companies worldwide. The ...
