The finding came as the firm released the results of its global ‘Converging on an eBusiness Future: eB2B in the Financial Services Industry’ survey.
It’s survey investigated the attitude of the financial services industry towards the future of eB2B.
Meanwhile, 43% of global respondents believed fraud is the greatest area of regulatory concern, with 47% reporting the changes in corporation tax will have the most impact on their businesses.
Russell Collins, head of UK FSI for Andersens, said: ‘While financial services institutions are considering the possibilities of eB2B.
‘They must be aware that new cutting-edge entrants are incubating new businesses and accelerating new business models that will give rise to new financial companies in this space.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
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Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.