Ernst and Young - News, Articles & Research

EY hit with German audit ban over Wirecard work

Accounting firm EY has been banned from accepting companies "of public interest" as new auditing customers in Germany for two years over its failures relating to collapsed payments firm Wirecard.

05 April 2023

News/payments

Nigeria's central bank releases PSD2-style open banking legislation

The Central Bank of Nigeria (CBN) has approved operational guidelines on open banking this week, becoming the first country in the African region to adopt open banking regulations.

10 March 2023

News/payments

Commerzbank sues EY over €200 million Wirecard loss

Commerzbank is suing EY for the recovery of €200 million in losses from the collapse of disgraced German payments firm Wirecard.

26 January 2023

Company announcement/startups

EY launches South West Innovation Hub as part of regional fintech investment

EY has today announced plans to establish a new Business Research Innovation Technology and Engineering (BRiTE) Hub in Bristol, as it looks to ramp up capabilities in financial services design, data analytics and engineering to create practical and tangible solutions to some of the big challenges facing businesses.

04 January 2023

Company announcement/crypto

Ernst & Young aligns with TaxBit on tax reporting for digital assets

The EY organization today announces an alliance between TaxBit, an industry-leading tax and accounting technology provider for cryptocurrency and other digital assets (e.g., non-fungible tokens (NFTs)), and Ernst & Young LLP (EY US) to help organizations meet tax reporting requirements for digital assets.

16 December 2022

News/startups

EY hires Barclays innovation exec to run new fintech lab

EY has hired the head of Barclays' Fintech Venture Studio, Mark Jannetta, to run its first fintech lab, based in London.

14 December 2022

Company announcement/sustainable

AFME and EY highlight growing investor demand for nature-related finance

The Association for Financial Markets in Europe (AFME) and EY have today published a new report “Into the Wild: Why Nature May be the Next Frontier for Capital Markets”.

30 November 2022

Company announcement/retail

EY takes Nexus digital transformation package global

EY announces that it has expanded its technology ecosystem with the launch of business transformation platform, EY Nexus, which is optimized for financial services and designed for rapid deployment of new products and solutions.

13 October 2022

Company announcement/startups

EY to open fintech hub in the Midlands

EY has today announced plans to establish a new Financial Services Technology Hub in the Midlands, as it responds to rising market demand for tech expertise outside London.

13 October 2022

Company announcement/people

EY appoints HSBC's Fergal Spencer as UK partner

EY has appointed Fergal Spencer as a UK Partner in its expanding technology consulting practice. Fergal will join the insurance technology leadership team, helping insurers advance their growth and innovation plans.

21 September 2022

Company announcement/people

EY appoints Rohit Garg to lead UK financial services cloud team

EY has appointed Rohit Garg as a UK Partner in its expanding Financial Services Technology Consulting practice as it responds to rising market demand for digital and emerging new tech support.

14 June 2022

Company announcement/startups

Gender disparity still rife in fintech sector

There are signs of positive change for women in UK FinTech, according to a new report by EY and Innovate Finance ‘Changing the face of UK FinTech: focusing on gender diversity and equality’, which reveals that over three-quarters of women (76%) believe their FinTech organisation is inclusive and over half (56) feel it is diverse.

06 June 2022