Australia's securities regulator is taking American Express to court, accusing the firm of issuing credit cards without making sure that customers understood them.
Big Four auditing firm KPMG in Australia has released a report, titled,
The 30 Voices, which aims to cover “every facet” of financial services and beyond. It features insights related to developments from incumbents to banking challengers, Big Tech firms to investors, legislators to academics.
According to KPMG’s report, when taken together, these ecosystem participants “create a valuable chorus of insight and expertise.”
While commenting on how the COVID-19 outbreak is beginning to transform the future for financial services, the report notes that the financial services landscape could look “fundamentally different” by 2030.
The report added that digital transformation along with changing customer expectations and the new entrants have “long been disruptive forces in the financial services landscape.” But the Coronavirus crisis has really accelerated the pace of digital technology adoption and the development of the digital economy.