Latest news with #Big4
Mint
23-07-2025
- Business
- Mint
One-third of Indias active FinCrime talent pool is based in Bengaluru: Report
Mumbai, Jul 23 (PTI) Bengaluru, which contributes nearly one-third of the financial crime (FinCrime) analyst talent pool, has emerged as India's preferred destination for organisations seeking to strengthen their risk management, compliance, and fraud prevention capabilities, a report said on Wednesday. Bengaluru leads across mid and senior experience bands, the report, FinCrime Talent Pulse: India's Workforce Trends, by Careernet stated. Bengaluru stands out as the leading destination, contributing nearly one-third (32 per cent) of the national active talent pool, the report said. Delhi NCR and Hyderabad follow with 17 per cent each, while Chennai (12 per cent) and Mumbai (7 per cent) rank among the top five. However, Mumbai showed a higher presence of an active talent pool at senior levels, indicating increased demand for experienced professionals. An additional 9 per cent of the talent pool is distributed across tier II and emerging cities, signalling a broader national footprint for FinCrime talent, added the report. "India is becoming central to how global organisations build FinCrime capabilities, thanks to our extensive talent pool, deep domain expertise, and the ability to scale cost-effectively," Careernet Chief Business Officer Neelabh Shukla said. The FinCrime Talent Pulse: India's Workforce Trends, report is based on an analysis of over 25,500 active job seekers across key domains like KYC, Sanctions, and Fraud Control and Regulatory Compliance, spanning five major sectors, including GCC banks, Indian banks, consulting, financial services, and offshoring. The report further revealed that skill-distribution data showed that 58 per cent of the active FinCrime workforce is engaged in KYC, Customer Due Diligence (CDD), and Monitoring functions, underlining the industry's continued focus on onboarding compliance, risk mitigation, and AML (Anti-Money Laundering) checks. Meanwhile, 22 per cent of the active FinCrime talent pool work in Fraud Control and Regulatory Compliance, and the remaining 20 per cent specialised in sanction-related roles, indicating a growing concentration of specialised talent in high-risk areas such as global sanctions screening, transaction monitoring, and escalation management. In terms of industry segments, offshoring firms account for 36 per cent of the total FinCrime workforce, predominantly at the mid-level, said the report. GCC banks contribute 25 per cent, offering the strongest talent pool at the senior level, it stated. Indian banks and financial services firms each account for 11 per cent, while Big 4 and consulting firms contribute 10 per cent, providing advisory and transformation talent.
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First Post
15-07-2025
- Sport
- First Post
Tennis' 'Big 3' era wanes as Carlos Alcaraz-Jannik Sinner rivalry electrifies Wimbledon
Wimbledon 2025 witnessed history in the making when Carlos Alcaraz and Jannik Sinner locked horns at the iconic Centre Court, signalling the dawn of the new era in tennis. read more On Sunday, the world witnessed the crowning of a new Wimbledon Champion. The No 1 seed Jannik Sinner finally broke the hoodoo against arch-rival Carlos Alcaraz to claim the Grand Slam prize in front of an electrified Centre Court crowd. With the win, Sinner has etched his name in the history books as the first Italian man to lift the coveted trophy. The 23-year-old amassed a masterclass filled with precision, power, and poise after losing the first set 4-6, and attained game, set and match after reversing the scoreline of the first set in the following three sets. While the clash between the two gladiators did not prove to be a classic like their showdown in the French Open final just last month, it was still a pulsating encounter nonetheless. STORY CONTINUES BELOW THIS AD Also Read | Chopra says Federer inspirational as player and as human being, hails Nadal's willpower and fighter attitude From Big 3 to Big 2 The Wimbledon 2025 final has fulfilled the desire that tennis fanatics all over the world have been longing for for quite some time. As the sun set on the 'Big 3', the sport needed new poster boys and a rivalry that could keep the existing fans hooked as well as attract new ones with something to look forward to. If one takes a look at the thick history of the sport, it will not be difficult to analyse that tennis has always fed on the rivalries. From Boris Becker vs Ivan Lendl and Pete Sampras vs Andre Agassi to the one that evolved the game, Roger Federer vs Rafael Nadal, there have always emerged young generational rivals, who have taken over the helm from the outgoing legends. It took time for the current generation to put forward two individuals who can end the never-ending dominance of the 'Big 3', especially of Novak Djokovic, but the sport has finally entered a new dawn with Carlos Alcaraz vs Jannik Sinner. Both Alcaraz and Sinner have captured the majority of the Grand Slam titles over the past two to three years. The Spaniard has won five whereas the Italian has bagged four. This is only a sign of things that are about to come. It is safe to state that the sport has moved from 'Big 3' to 'Big 2'. However, it is only a conjecture, more competitors may break out and will be welcomed. Also Read | 'This rivalry, it's becoming better and better': Alcaraz praises his game and Sinner after Wimbledon defeat No Sign of Big 4 for the first time in 22 years Wimbledon 2025 marks a historic shift as none of the 'Big 4' feature in the final for the first time in 22 years. Since 2003, at least one of Roger Federer, Rafael Nadal, Djokovic, or Andy Murray has always made it to the final, but the 2025 edition saw a different picture. Notably, Djokovic is the only member of the 'Big 4' still active and capable of reaching the final, as the others have retired. The Serbian was in contention till the semi-final but Sinner ended his blistering run with a thumping performance. While Djokovic is expected to continue his remarkable run until he claims his 25th major, the sport's future is already shining bright. The emerging rivalry between 22-year-old Alcaraz and 23-year-old Sinner is set to electrify the circuit, with fans eagerly anticipating their thrilling encounters and potential classics. As these two young stars trade championships, they'll likely redefine the sport's landscape and give enthusiasts something new to cheer about. STORY CONTINUES BELOW THIS AD
Independent Singapore
30-06-2025
- Business
- Independent Singapore
Singaporean asks if fresh tech grads are ‘cooked' in terms of salary expectations
SINGAPORE: A local Reddit user expressed concern over the salary expectations of fresh tech graduates this year, saying that they seem to be somewhat low. In a post on r/askSingapore over the weekend, u/Grand-Net3191 asked if tech fresh grads are 'cooked,' adding that they've been searching for tech market salary posts but haven't seen any in a while. 'Since the 2025 batch has recently graduated, I was wondering about the job market across the grad cohort. I heard that the tech market has been oversaturated and that companies are not hiring junior roles,' the post author wrote. They added that the people who've graduated from a computer science course have been getting offers with salaries in the S$4000 to S$4,500 range 'even for cybersec roles @ Big 4 accounting,' which they called 'considerably below median for CS.' In December 2024, the global job search platform Indeed reported that the average base salary of a computer scientist in Singapore is S $8,786. Meanwhile, the personal finance blog Dollars & Sense reported on Jun 25 that the median starting salary of a computer science graduate from Nanyang Technological University is S$5,500. Those who graduate from the Singapore University of Technology and Design (SUTD) may expect to earn S$4,900 a month, while the median starting salary for those from the Singapore University of Social Sciences (SUSS) is between S$4,900 and S$5,000. A number of commenters on u/Grand-Net3191's post wrote that the year that a person graduates can affect their salary. 'Sometimes it just comes down to being born at the right year, graduating at the right time,' was the top comment. 'Those who graduated during 2008 lagged behind their peers who graduated a year before or after them by a significant margin,' chimed in another. 'Yup. People who graduated about five years ago are the sweetest spot around. They started with a high pay, had a good number of jobs available, and could gather enough experience to beat out these huge waves of people now,' wrote one. Another argued that 2022 was the best year since that was when TikTok took off. 'As much as I would like to say it comes down to one's ability and merit, I'm afraid this is very true, the graduating year absolutely plays a part,' a Reddit user weighed in. As to whether tech grads are 'cooked,' this is what commenters had to say: 'I work in a local bank here. All of our dev and testing have already been offshored to PH/IND liao… Standard Chartered also recently moved 80 SG jobs to IND. Cooked!' 'VERY cooked. I work in a Fin MNC, and our junior roles are cut to the bone. My peers in other firms see the same issue. Every new opening we have for junior roles is flooded with apps from both freshers and experienced professionals. There are openings, but more towards experienced professionals (staff eng and up). Doesn't help that GENAI and India/China/Vietnam offshoring is removing the need to hire so many junior engineers in SG now,' another wrote. One gave this bit of advice: 'Pure tech is cooked. Find a role that lies between technology and business. That way, you get exposed to aspects of both ends of the spectrum.' /TISG Read also: NUS Computer Science grad yet to land job despite sending hundreds of applications
Entrepreneur
13-06-2025
- Business
- Entrepreneur
Entrepreneur UK's London 100: EmpowerEd
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. Industry: FinTech EmpowerRD is a high-growth London-based fintech that is transforming the R&D tax credit industry by making innovation funding more accessible, transparent, and efficient for UK businesses. Founded by Hari Sandhu, the company is redefining how startups and scale-ups claim tax relief. After more than seven years at PwC, he saw how outdated, inefficient, and expensive it was for young businesses to work with 'Big 4' consultancies on R&D claims. In 2017, he launched EmpowerRD to reduce risk, increase accuracy, and make R&D claims faster and more cost-effective. Since then:
Entrepreneur
11-06-2025
- Business
- Entrepreneur
Consulting Firms Ramp Up Tech Capabilities to Bridge Strategy and Execution
By bridging the gap between high-level strategy and technical delivery, consulting firms are winning larger, more influential projects and forging stronger, long-term partnerships with clients. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Top consulting firms are looking to strengthen their technology capabilities as clients are opting for a tech-first mandate demanding to bridge the gap between strategy and technical execution. This would also help them win deals against traditional IT services players. Lines are increasingly blurring between IT services providers and consulting players, especially the Big 4 – EY, Deloitte, PwC, KPMG. While IT services companies are trying to build strong consulting capabilities, consulting firms are scaling up their tech capabilities. Most recently, Deloitte has launched the Asia Pacific Agentic AI Centre of Excellence (CoE) located in India, Malaysia and Singapore, marking a significant investment to help organisations across the region harness agentic AI at scale. The CoE brings together over 6,000 practitioners across the Asia Pacific region, supporting a pipeline of AI implementations valued at more than USD 1 billion. "The launch of the Asia Pacific Agentic AI CoE represents a significant step forward in how we approach human-AI collaboration in India. This centre positions us to help clients reimagine the very nature of work, going beyond automation and efficiency to unlock entirely new sources of value. We are already witnessing a shift from AI being used for incremental enhancements to AI serving as a catalyst for fundamental transformation, enabling businesses to redesign workflows, implement autonomous processes and build more adaptive and responsive operating models. Our focus is to help clients navigate this shift responsibly, building an AI-powered future that is innovative and resilient," said Sathish Gopalaiah, President – Technology & Transformation, Deloitte South Asia. Deloitte said its CoE offers organisations a powerful combination of deep industry insight and cutting-edge technology to drive meaningful AI transformation. The centre will also enable rapid development and validation of Proof of Concepts (POCs) by providing centralised expertise, reusable tools, and structured methodologies. It will streamline innovation by reducing development time and offering a dedicated environment for experimentation. Few years ago, Boston Consulting Group (BCG) formally launched its new BCG X division, which focuses on technology design, build and implementation services, bringing together nearly 3,000 professionals worldwide under one roof. In April this year, BCG X launched a new AI Science Institute leveraging BCG X's expertise and talent, supported by a team of 3,000 experts, to accelerate scientific discovery in collaboration with top R&D teams across leading industries and governments. Last year, PwC India launched a GenAI Experience Lab in Gurugram marking a significant step in exploring GenAI's transformative capabilities. The facility aims to give users a first-hand look at how GenAI is reshaping industries. The facility offers an immersive environment where visitors can explore the technology's ability to improve decision-making, streamline operations, and boost productivity. Equipped with advanced hardware, the lab is designed to encourage experimentation, creativity, and collaboration around AI-driven solutions. Analysts believe IT consulting firms are ramping up their technology capabilities to address rising client demands for comprehensive solutions that go beyond traditional advice. "By investing in advanced areas such as AI, cloud, and cybersecurity, these firms can now offer seamless support from strategy development through to implementation. This shift not only enhances their value proposition but also enables them to deliver innovative solutions at a faster pace, keeping up with the rapid evolution of the digital landscape," said DD Mishra, VP Analyst at Gartner. "This strategic expansion sets consulting firms apart from conventional IT services providers, who typically focus on execution rather than holistic transformation. By bridging the gap between high-level strategy and technical delivery, consulting firms are winning larger, more influential projects and forging stronger, long-term partnerships with clients. Ultimately, this positions them as indispensable partners in driving digital transformation and business success. Besides, Consulting firms can provide strategic insights and domain knowledge, build a client roadmap, and engage effectively with businesses to address their key business challenges," Mishra added. The boundaries between consulting and IT services are no longer rigid, concurs Nitika Goel, Managing Partner and CMO, Zinnov. "They are converging at the intersection of technology, strategy, and execution. Consulting firms are scaling up their technology capabilities not to compete head-on with IT services players, but because technology is now core to all businesses. Most clients today are either technology companies or deeply tech-enabled and expect their consulting partners to speak the same language, with the same depth." This shift is most visible in high-impact areas like automation, GenAI, and digital twin implementations - domains where contextual advisory must pair with deep implementation to unlock real outcomes, said Goyal. "It's also about driving internal efficiencies, faster value realization, and building execution muscle. This capability stacking mirrors a broader industry trend — forward and backward integration across the value chain to create resilience. While services firms like Accenture and Cognizant have strengthened their consulting arms, consulting firms like Deloitte are now investing in tech COEs to deliver transformation at scale. Ultimately, this is not a story of competition, but convergence," she said.
