Media OutReach
AI adoption across Finance functions achieves standout levels of ROI with usage only set to increase
71% of organisations are using AI in their finance operations
- 57% of leaders say ROI is exceeding their expectations, compared to 29% of others.
- Financial reporting is the most common usage area – but this is widening out to include treasury management, risk management and tax
- Nearly three-quarters of leaders have developed principles and guidelines on the responsible use of AI
HONG KONG SAR – Media OutReach Newswire – 4 December 2024 – New research from KPMG International reveals the dramatic extent to which artificial intelligence (AI) is being deployed in organisations’ finance operations – with compelling levels of ROI and a wide range of benefits including better data and decisions, faster insights and reporting, lower costs, and greater operational effectiveness. The KPMG report reveals that organisations are extracting the most value from machine learning, deep learning, and generative AI and report the ROI from these technologies is either meeting or exceeding expectations.
The research, published in the KPMG global AI in finance report, covered 2,900 organisations across 23 countries and built upon research conducted earlier this year across 1,800 organisations in 10 countries. A maturity framework was created to assess respondents into three AI-readiness groups: 24% of organisations qualify as Leaders, while 58% are middle ground Implementers, and 18% are Beginners. KPMG has also developed an AI maturity benchmarking tool designed to help organisations assess their progress in the AI transformation journey.
AI deployment grows, Gen AI a key future priority
71% organisations are using AI to some degree in their financial operations. Currently, 41% of them are using AI to a moderate or large degree – and this is predicted to rise to 83% over the next three years. In just six months since the first wave of research, the spread of AI is already visible. Whereas in April 2024, 40% of organisations in the original 10 countries were using traditional AI in their finance operations to a moderate or large degree, this has increased to 45 percent.
The use of Gen AI has also grown. The percentage of companies with no intention to use Gen AI has fallen from 6% to just 1% now. Gen AI has become a top priority for the future, with 95% of leaders and 39% of others expecting to selectively or widely adopt it within financial reporting in the next three years.
Adoption everywhere
KPMG’s research also underlines the extent to which AI is being utilised around the world. While companies in the US, Germany and Japan are well ahead in AI usage, other major economies, such as Italy and Spain, are behind. The same dichotomy is evident in emerging markets, with China and India ahead in AI usage, and Saudi Arabia and the African countries further behind.
Adam Scriven, Head of Finance Transformation, Hong Kong at KPMG China, says: “Building AI capability has become an imperative for CFOs and Finance functions in embracing the digital age. It’s critical to recognise that AI is a capability, and not a technology product. We all have to start the AI journey, learn and build better capabilities. KPMG is helping clients establish the right data and systems, modelling and analytics backbone in order to harness the power of AI. KPMG is also co-creating AI solutions with clients to help build capability and go on the journey together.”
Alan Yau, Audit Innovation Leader at KPMG China, says: “AI in financial reporting is transforming the industry with enhanced accuracy, efficiency, and real-time insights. As a mega trend, AI enables predictive analytics and data-driven decisions. Upskilling and retaining talent are crucial in this evolution. Organisations must prioritise continuous learning to equip their workforce with AI skills, fostering innovation and adaptability, in order to drive sustainable growth and maintain a competitive edge in the market.”
AI usage opening out across finance
Companies are turning to AI in every area of corporate finance. Financial reporting is the most widespread usage area, with nearly two-thirds of companies piloting or using AI for reporting, accounting and financial planning. But other areas are following suit: nearly half of companies are now piloting or using AI for treasury and risk management. This can generate better debt management, cash-flow forecasting, fraud detection, credit risk assessment, and scenario analysis in the treasury and risk management functions. Tax management, however, sits slightly further behind. Less than one-third of companies piloting or using AI in this area, although about half are in the planning stage.
Leaders moving ahead
Leaders are showing the way, with more than three times as many leaders (87%) as others (27%) using AI in finance to a moderate or large degree. Leaders are moving fast and have on average developed six use cases for AI, almost double the number amongst others. Top areas for usage are research and data analysis (85%), fraud detection and prevention (81%), predictive analysis and planning (78%), and using Gen AI for composing documents and other content (75%).
Common barriers that all companies encounter include data security vulnerabilities (57%), limited AI skills and knowledge (53%), gathering consistent data (48%) and costs (45%) – but leaders are better able to navigate these through the steps they have taken. Their chief barriers become more advanced ones, such as integrating AI solutions with existing tools and overcoming any residual staff resistance.
Reaping the benefits and achieving ROI
As the use of AI in finance grows, the dividends multiply. When starting out, finance teams report two to three benefits. By the time they are leaders, that number is seven.
Just as the benefits from AI can rise with its usage, so does the potential return on investment. As a result, a remarkable 57% of leaders say ROI is not just meeting but exceeding their expectations. Even amongst less advanced adopters, nearly one third (29%) report the same.
Stanley Sum, Head of Digital Enablement at KPMG China, says: “AI is reshaping the finance function, paving the way for both potential opportunities and challenges. Hence, robust AI governance is not merely conducive to meeting regulatory demands, but it stands as an essential component. KPMG assists its clients in their journey to manage risks, promoting transparency and the ethical usage of AI in governance. By implementing mindful supervision now, we help safeguard the future of finance.”
Hashtag: #KPMGChina
The issuer is solely responsible for the content of this announcement.
About KPMG China
KPMG China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.
KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.
KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.
Media OutReach
CPA Australia: Malaysian Small Businesses Urged To Adopt Productivity-enhancing Technologies For Sustained Growth
- Young business owners drive small businesses in Malaysia
- Technology adoption remains concentrated in front-end activities
- Improved access to finance needed for deeper digital transformation
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 April 2026 – Innovation, technology and young entrepreneurs continue to power growth among Malaysian small business, but this has yet to translate into sustained improvements in business performance, according to CPA Australia’s Asia-Pacific Small Business Survey findings.
While half of Malaysian small businesses report improved profitability from their technology investments over the past two years, the proportion generating more than 10 per cent of revenue from online sales declined from 74 per cent in 2024 to 62 per cent in 2025.
Digital payment usage has also declined in 2025 with 74 per cent of small businesses receiving more than 10 per cent of their sales through digital payment platforms such as GrabPay, Touch ‘n Go and Boost, compared to 78 per cent in 2024.
Priya Terumalay, CPA Australia’s Regional Head for Southeast Asia, said while government initiatives have helped support technology adoption, these efforts have yet to drive significant uptake of deeper productivity-enhancing technologies, such as artificial intelligence, process automation, data analytics and systems integration.
“Technology investment remains concentrated in computer hardware and customer-facing functions like mobile apps and payments, while structural constraints continue to limit more transformative approaches,” Priya said.
“With cost pressures remaining a persistent challenge compressing margins, policy priorities should focus on addressing structural constraints such as re-orienting digital support towards automation, systems integration, and data use along with support for productivity-enhancing responses rather than short-term relief.”
Businesses making technology investments must include adequate protection measures to minimise cyber risk exposure as 35 per cent of small businesses lost time or money due to a cyber-attack in 2025.
Only 39 per cent reviewed their cybersecurity protections over a six-month period, the second lowest result among the 11 markets surveyed.
Despite the challenges, business sentiment on the Malaysian economy remains positive with 75 percent of small businesses expecting the economy to grow in 2026.
A strong 77 per cent also anticipate business growth this year, although improved access to effective finance, especially for investment will be important to enable deeper digital transformation and build resilience.
“This is particularly crucial for outward-oriented small businesses navigating global supply chain pressures and trade policy uncertainty that could weigh on growth, especially firms integrated into regional supply chains.” Priya said.
About the survey
CPA Australia’s 17th annual Asia-Pacific Small Business Survey was conducted among small business owners/senior managers during November and December 2025 to identify the characteristics of successful small businesses across the region. The findings for the survey come from 4,166 small businesses in 11 markets. From the commencement of the survey in 2009, we have surveyed over 50,000 small businesses across the region. These include Australia, Mainland China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Vietnam.
Hashtag: #SmallBusiness #CPAAustralia #MalaysiaBusinesses
https://www.cpaaustralia.com.au
cpaaustralia.com.au
Media OutReach
Launch of the Asian Hackathon for Green Future 2026 with a Total Prize Pool of USD 24,000
This marks the first time an Asia-wide environmental hackathon exclusively for undergraduate and master’s students is held in Vietnam. The competition aims to identify and develop technology-driven solutions to pressing environmental challenges, while fostering innovation and interdisciplinary collaboration among the younger generation.
Participants will advance through three main stages: Registration & Preliminary (April 6 – May 17, 2026); Online Training Phase (June 2 – June 28, 2026); and Final Round & Hackathon at VinUniversity (July 2 – July 5, 2026, tentative).
During the Registration & Preliminary Round, participants register online in teams of up to four members. Eligible applicants must be current undergraduate or master’s students at universities across Asia.
Application materials include an idea proposal and an introductory video. Based on evaluation by the Technical Board, the Top 30 teams will be selected to advance to the next stage.
The competition encourages interdisciplinary ideas that integrate multiple fields—including technology, environmental sciences, economics, and social sciences—with the aim of creating solutions that are innovative, feasible, and socially impactful.
Proposed ideas should address one of three key challenge areas: Renewable Energy and Low-Carbon Mobility; Urban Air Quality and Climate Resilience; Water Resources and Climate-Resilient Agriculture.
During the Online Training Round, the Top 30 teams will participate in a series of intensive training sessions and expert consultations with multidisciplinary specialists. These sessions are designed to equip teams with deeper domain knowledge and up-to-date insights on sustainability trends and relevant technologies, enabling them to further refine and expand their proposed solutions.
During the Final Round and Award Ceremony, all travel and accommodation expenses for the Top 30 teams will be fully covered. The teams will take part in a 24-hour hackathon at VinUniversity (Hanoi), where they will further develop and refine their technology-driven solutions before presenting them to the Judging Panel. Based on this evaluation, the Top 9 teams will be selected to advance to the final assessment round, from which the winning team will be determined.
The Chair of the Judging Panel is Prof. Duong Nguyen Vu, Vice Provost of Graduate Education at VinUniversity and Chief Scientific Officer at the Center for AI Research. He had been a Professor of Aerospace Engineering at Nanyang Technological University (NTU), Singapore until July 2025, where he served as Scientific Director at the Air Traffic Management Research Institute (ATMRI). Under his leadership—as Executive Director until 2025—the institute has emerged as a global leader in air traffic management research, thanks in large part to the scientific foundation he helped establish. Before joining NTU, Prof. Vu was the founding Director of the John von Neumann Institute at Vietnam National University Ho Chi Minh City, spearheading university-industry collaborations and championing innovation and entrepreneurship in education.
Prior to returning to Vietnam in 2010, he was Head of Innovative Research and Senior Scientific Advisor at the European Organisation for the Safety of Air Navigation (EUROCONTROL). He also advised Vietnam’s Minister of Planning and Investment on innovation strategy, contributing to the establishment of the National Innovation Center.
The competition offers a total prize pool of USD 24,000, comprising one First Prize of USD 8,000, one Second Prize of USD 5,000, two Third Prizes of USD 3,000 each, and five Consolation Prizes of USD 1,000 each. Beyond the awards, participating teams will gain valuable opportunities to engage with leading experts from across the region, expand their professional networks, and strengthen their access to the broader innovation ecosystem.
Dr. Le Thai Ha, Managing Director of the “For Green Future” Foundation and Head of the Organizing Committee, shared: “We believe that ideas with the power to shape the future do not always emerge from large laboratories or well-established institutions; they often arise from the insight, initiative, and determination of young people to make a difference. Through the Asian Hackathon for Green Future, we seek to create a platform where students across the region can transform their environmental awareness into tangible, innovative solutions that deliver meaningful impact for communities and the future.”
The Asian Hackathon for Green Future is expected to foster innovation aligned with sustainable development, while contributing to the development of a new generation of young talents capable of cross-border collaboration to create solutions with lasting, positive impact across the region.
Interested candidates may register for the competition via: https://forms.gle/o3L5BVLExUYKQtGJA
For any inquiries, please contact the Organizing Committee at [email protected] for further assistance.
Hashtag: #ForGreenFutureFund
The issuer is solely responsible for the content of this announcement.
Media OutReach
MyRepublic Launches MyRepublic Email Guard to Protect Singapore’s SMEs From Rising Email-Borne Cyber Threats
Singapore’s SMEs account for 99% of all enterprises and employ nearly 70% of the local workforce, yet many remain chronically underserved in enterprise-grade cybersecurity. Email continues to be one of the most exploited attack vectors, with threat actors increasingly targeting resource-constrained businesses that lack the dedicated IT security teams of larger organisations. MyRepublic Email Guard is designed to close this protection gap, delivering a simple, effective, and locally supported solution that levels the playing field for SMEs without adding operational complexity.
Powered by Check Point, advanced email threat protection technology, MyRepublic Email Guard helps businesses detect and block malicious emails before they reach users’ inboxes. The solution is designed to support businesses using popular email platforms such as Microsoft 365 and Google Workspace, giving customers an additional layer of protection against modern threats.
“Singapore’s SMEs are the heartbeat of our economy, and protecting them from cyber threats is not just a business imperative. It is a national one,” said Lawrence Chan, Managing Director & Chief AI Officer, MyRepublic. “Far too many local businesses remain exposed simply because they cannot access or afford the cybersecurity tools available to larger enterprises. With MyRepublic Email Guard, we are changing that. We bring enterprise-grade protection to businesses that have long been underserved, backed by the local expertise and support they deserve.”
MyRepublic Email Guard combines advanced security technology with managed service support, allowing businesses to benefit from a more streamlined approach to email protection. The service is positioned as an all-in-one offering that includes deployment, ongoing management, and local support, helping customers reduce the burden on internal teams while improving cyber resilience.
“Enterprise-grade cybersecurity has been out of reach for the SMEs that need it most. That has to change,” said Imran Nazi, Head of ICT, MyRepublic. “MyRepublic Email Guard is built specifically for Singapore’s SMEs, where it is designed to be affordable, easy to adopt, and supported by a team that understands the local business environment. We want every SME in Singapore to have access to the same level of protection that large enterprises take for granted, because a safer SME ecosystem means a stronger Singapore.”
The launch of MyRepublic Email Guard marks a significant step in MyRepublic’s commitment to building a more cyber-resilient Singapore. Aligned with national efforts to strengthen digital security across all business segments, MyRepublic is focused on ensuring that SMEs, often the most targeted yet least protected segment, are equipped to defend themselves. By combining world-class technology from Check Point with localised managed service delivery, MyRepublic is bridging the cybersecurity gap for businesses that have historically been underserved.
MyRepublic Email Guard is now available for businesses in Singapore.
Hashtag: #MyRepublic #EmailSecurity #CyberSecurity #SMEs #DigitalSecurity #ManagedServices #EmailGuard
https://myrepublic.net/sg/
https://www.linkedin.com/company/2426006/admin/dashboard/
https://x.com/myrepublic
https://www.facebook.com/MyRepublicSG/
https://www.instagram.com/myrepublicsg/
The issuer is solely responsible for the content of this announcement.
MyRepublic Broadband Pte Ltd
MyRepublic is a telecommunications and ICT services provider committed to delivering innovative digital solutions for consumers and businesses. In addition to connectivity services, MyRepublic supports businesses with a growing portfolio of ICT solutions, including cloud, cybersecurity, managed services, and digital enablement offerings.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn