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AI adoption across Finance functions achieves standout levels of ROI with usage only set to increase

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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.

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UU Wallet Secures U.S. MSB License, Embarking on a New Chapter of Global Compliance with Security at Its Core

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HONG KONG SAR – Media OutReach Newswire – 14 March 2025 – UU Wallet, a leading global Web3 payment platform, recently announced that it has officially obtained the Money Services Business (MSB) license from the United States. This makes UU Wallet one of the few digital financial service platforms that combines robust security capabilities with global compliance credentials. The approval of this license signifies that UU Wallet can now operate compliantly within the U.S. regulatory framework, engaging in digital asset transactions, fiat currency exchange, and cross-border payments, further solidifying its position as the “most secure Web3 payment platform.”

Security and Compliance: Driving Global Strategy

The U.S. MSB license, issued by the Financial Crimes Enforcement Network (FinCEN) under the Department of the Treasury, is a critical entry requirement for international financial institutions to provide monetary services. Passing the license audit indicates that UU Wallet has met stringent U.S. regulatory standards in areas such as anti-money laundering (AML), risk control systems, and user asset protection.

Since its establishment in 2023, UU Wallet has rapidly grown into a Web3 payment ecosystem covering over 160 countries and regions, thanks to its technological innovation and commitment to security. With a team of over 100 professionals, UU Wallet focuses on four core businesses: digital currency and fiat exchange, prepaid cards, enterprise wallet services, and Web3 wealth management. Its daily transaction volume has surpassed $20 million.

Four Core Features Redefining Secure Payment Experiences

Instant Fiat Exchange, Secure and Frictionless

UU Wallet supports instant conversions between mainstream fiat currencies such as the Philippine Peso (PHP), South Korean Won (KRW), Japanese Yen (JPY), US Dollar (USD), Hong Kong Dollar (HKD), and Malaysian Ringgit (MYR), and digital currencies. Utilizing intelligent routing and multi-signature cold wallet technology, users can complete cross-border fund transfers within 5 seconds, with end-to-end data encryption and a zero-risk incident record.

Global Prepaid Cards: USDT Real-Time Circulation, Balancing KYC Efficiency and Security

Users can instantly recharge prepaid cards with USDT, which are accepted in over 160 countries and regions for both online and offline purchases. The platform supports both virtual and physical cards, as well as B2B client integration. UU Wallet’s unique “tiered KYC” mechanism allows basic consumption scenarios to complete identity verification in just 3 minutes, while larger transactions are secured through dynamic facial recognition and blockchain address tracking, striking a balance between convenience and security.

Enterprise Wallet Services: Comprehensive Fund Protection

For Web3 enterprises, UU Wallet offers payment and fund management solutions covering 50+ public chains and 10,000+ tokens. Through secure multi-party computation (MPC) technology, real-time risk warning systems, and monthly third-party audits, UU Wallet ensures transparent and traceable fund flows, mitigating risks of operational errors and hacker attacks.

Web3 Asset Wealth Management: Balancing Returns and Risk Control

The platform provides a variety of value-added services, including flexible staking, structured products, and compliant stablecoin wealth management. All products are executed automatically via smart contracts, with code security verified by top-tier auditing firms. Historical annualized returns range from 3% to 15%, ensuring users’ assets grow steadily and securely.

“Security is the lifeline of financial services,” said a UU Wallet spokesperson. “With the MSB license, we will accelerate collaboration with global regulators and traditional financial institutions, driving deeper integration of Web3 payments with mainstream economic systems.”

Hashtag: #UUWallet

The issuer is solely responsible for the content of this announcement.

About UU Wallet

UU Wallet is a security-focused Web3 payment infrastructure provider dedicated to lowering the barriers to digital asset usage through technological innovation. The company has obtained financial licenses in the United States and the Philippines, serving over 500,000 individual users and 2,000 enterprises with a zero-security-incident record.

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KVB Wins the Most Popular Broker 2024 Award – Rising Above 300+ Brokers

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HANOI, VIETNAM – Media OutReach Newswire – 14 March 2025 – KVB emerged as the ultimate winner of the prestigious Most Popular Broker 2024 award presented by Followme, after breaking through fierce competition among 371 participating brokers. Following a rigorous evaluation process, the final selection was based on a comprehensive assessment of key factors, including customer base and activity levels, service quality, user reputation, and overall engagement throughout the year. KVB’s user base has experienced remarkable growth, with a 20% increase in active traders over the past year and response times have improved by 30%, receiving overwhelmingly positive feedback from traders for enhanced efficiency and support quality.

About Followme

Followme is an open community trading platform where traders and investors worldwide share experiences, exchange ideas, and publish trading strategies in real-time. Their real accounts have been connected to more than 4,300 brokers worldwide via Followme. Users who join as followers can get help from the information posted to enhance their advantages in trading. To date, more than 900,000 users worldwide have joined Followme.

A Commitment to Excellence

KVB’s achievement is a testament to its unwavering commitment to providing traders with an unparalleled trading experience. The company stands out for its dedicated customer support, ensuring that clients receive timely assistance and expert guidance whenever needed.

In addition, KVB offers a versatile platform for traders of all levels. Whether using Actstrade, its advanced desktop platform, or the KVB App for mobile trading, clients benefit from powerful tools, intuitive interfaces, and real-time market insights. KVB also offers some of the lowest spreads in the industry, creating optimal trading conditions for both new and experienced traders. Combining low-cost trading with a feature-rich platform and exceptional customer service, KVB remains a top choice for traders worldwide.

2025 and Beyond

Looking ahead to 2025, KVB is set to expand its reach into new markets, bringing its top-tier trading services to a broader global audience. With a strong commitment to continuous improvement, the company is also focused on enhancing its systems, ensuring a more seamless, efficient, and secure experience for traders.

In addition, KVB plans to launch exciting new promotions, providing traders with greater value and incentives while enhancing its customer service program with faster response times and more personalized support. With these initiatives, KVB aims to deliver an even better trading experience and strengthen its global presence in 2025.

For more information, please visit www.kvbplus.com.

Hashtag: #KVB

The issuer is solely responsible for the content of this announcement.

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High Marks for Hong Kong’s University Degree Courses

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HONG KONG SAR – Media OutReach Neswire – 14 March 2025 – Hong Kong has emerged as the world’s “most improved” location for university degree courses, reflecting the determination of the Hong Kong Special Administrative Region (HKSAR) Government to develop the city into an international education hub with strong emphasis on nurturing talents in innovation and technology.

The 2025 QS World University Rankings by Subject rated six local degree courses among the world’s top 10, up from three last year, while 68% of 231 programmes from nine Hong Kong institutions rose in the rankings.

In the field of data science and artificial intelligence (AI), five Hong Kong universities are ranked among the world’s top 50, the highest number in Asia and second-highest globally.

This demonstrates the city’s immense potential and competitiveness in technological innovation, providing crucial support for the city’s future economic transformation and upgrading. The Government has also rolled out various supportive policies and initiatives to attract talent and businesses to Hong Kong to participate in driving related products to market and engaging in innovation.

Hong Kong spares no effort in developing the city into an international hub for post-secondary education.

The surge up of Hong Kong’s rankings was contributed by the comprehensive three-pronged approach involving the HKSAR Government, the efforts by universities in teaching and research, as well as social resource collaboration.

The leap up the rankings also further enhanced the “Study in Hong Kong” brand, helping world-leading academic disciplines in the city attract top-tier students for advanced studies.

“The Education Bureau will also continue to collaborate with institutions to attract more students from around the world to build Hong Kong into an international hub for high-calibre talent,” said Secretary for Education Dr Choi Yuk-lin.

According to the QS release, about 80% of subjects of the city’s universities had shown improvement in academic reputation, with significant progress across most indicators. This highlighted Hong Kong’s continued leadership in the field of higher education, serving as a global model of success.

This year’s ranking compared over 21,000 academic offerings, taken by students at more than 1,700 universities across 100 countries and territories in 55 subjects.
Hashtag: #hongkong #brandhongkong #asiasworldcity #QS #Talents





The issuer is solely responsible for the content of this announcement.

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