Ernst and Young - News, Articles & Research

Company announcement/inclusion

EY joins P20 financial inclusion coalition

P20 is delighted to announce EY as part of P20’s Financial Inclusion Working Group.

28 September 2021

IBM and EY build centre of excellence to help FIs transition to the cloud

IBM and EY have joined forces to create a centre of excellence dedicated to helping financial institutions accelerate their digital transformations with hybrid cloud solutions.

11 May 2021

Company announcement/retail

Heritage engages EY to deliver Open Banking

Heritage Bank today announced it will team up with leading professional services organisation Ernst & Young Australia (EY) to deploy a new Open Banking solution that will unlock opportunities for consumers to explore greater competition in financial services.

19 February 2021

News/payments

Sibos 2020: Rethinking compliance for friction-free payments

A handful of topical areas were canvassed in the ‘Friction or fiction: compliance in a real-time world’ panel session on day one of Sibos 2020’s virtual event. While there has been significant innovation in domestic and global payments, financial institutions still play a critical role in the global payment process.

06 October 2020

News/regulation

EDPB casts doubt over GDPR adequacy decision for the UK

In a letter to the European Parliament dated 15 June 2020, Andrea Jelinek, chair, European Data Protection Board (EDPB) raises concerns over the UK’s endeavour to reach an ‘adequacy decision’ with the EU following the end of the Brexit transition period.

17 June 2020

News/security

How does society perceive the hacker in 2020?

As the methods of cyber criminals evolve, so will their motives. With this in mind, we may see a change in the way society perceives the hacker as they embrace new aims beyond simple financial gain.

15 June 2020

News/security

Banks should be cautious with use of AI in cybersecurity

Cybersecurity technology is rapidly evolving and adapting to changing threats thanks to machine learning. However, AI is just one part of handling cyber threats, and financial institutions should be cautious about placing full reliance on it.

06 April 2020

News/security

Cybercriminals could use increased reliance on AI to their advantage

Cybersecurity experts have urged caution with over-reliance on AI in cyber defence in a new Finextra Research paper exploring predictions for cybersecurity in the year ahead.

29 January 2020

News

UK fintech sector faces talent shortfall

A Census of UK fintech firms by EY and Innovate Finance has found that the sector has continued to attract rising levels of investment despite global economic uncertainty, although major challenges lie ahead in talent recruitment and gender diversity.

23 September 2019

Company announcement

EY to campaign for standardised API interface for Open Banking in Nigeria

Ernst & Young (EY), a global professional services firm, has finalised arrangements with Open Banking Nigeria to develop and advocate for a standard Application Programming Interface (API) for the country’s financial services industry.

23 July 2019

News/ai

Citi to develop AI-based trade finance compliance platform

Citi is working with EY and SAS to on the development of an AI-based risk analytics scoring engine to provide more context and usable data to aid decision makers in reviewing trade transactions.

30 April 2019

News

Tackling the fintech talent deficit

Amid continued concerns around the impact Brexit will have on the talent deficit in the financial services industry, Felicity Burch, director of innovation and digital at CBI and Omar Ali, partner at EY discuss how to inspire the next generation of fintech talent with Finextra.

23 April 2019