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59% of Indian companies suffered financial fraud in 24 months, PwC report

by AIP Online Bureau | Dec 18, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

Puneet Garkhel, Partner and Leader, Forensic Services, PwC India, commented, ‘In our 2022 survey, customer fraud led the list, reported by 47 per cent of companies. However, this year’s findings reveal a shift with procurement fraud now emerging as the...

93% of Indian executives anticipate a cyber budget increase next year: PwC

by AIP Online Bureau | Nov 23, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

Cloud-related threats remain the foremost worry, cited by 55% of Indian executives as their most concerning cyber risk, marking a 3% increase from the previous year. However, 50% of security leaders and chief financial officers (CFOs) feel least prepared to address...

90% of financial institutions focus on AI, GenAI for innovation: PwC India

by AIP Online Bureau | Sep 15, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management, Technology

“Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs,” said Vivek Belgavi, Partner and Leader...

China poised to impose a record fine on PwC

by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

PwC faces a fine of at least 1 billion yuan ($138 million), the people said. That would exceed the previous record fine for an accounting firm, the 212 million yuan handed out to Deloitte Touche Tohmatsu Ltd. in 2023 China is poised to impose a record fine on...
AI-intensive sectors are showing a productivity surge, PwC

AI-intensive sectors are showing a productivity surge, PwC

by AIP Online Bureau | May 22, 2024 | Data, Eco/Invest/Demography, Technology, Workplace/Employee Benefits

The data suggested that the rise of artificial intelligence could help countries to break out of a rut of low productivity growth which would boost economic growth, wages and living standards, PwC said in a report published on Tuesday The types of business which are...
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