Peter Torrente

@KPMG_US National Sector Lead, Banking and Capital Markets

[Peter Torrente @PeterTorrente]

Happy #InternationalWomensDay to my colleagues and friends. I am proud to work at KPMG where we celebrate the women that continue to move our firm forward.

[KPMG US @KPMG_US]

Today and every day, we celebrate the women who continue to change the world and all those who drive toward creating a more inclusive future for everyone. #InternationalWomensDay #IWD2023 #EmbraceEquity

[Peter Torrente @PeterTorrente]

Great panel discussion at #IIBAWC2023 on the #economy, inflation, interest rates, jobs, the debt ceiling + more. Thanks @IIBnews, Steve Ricchiuto, Matthew Luzzetti, & Yelena Shulyatyeva for sharing interesting insights.

[Peter Torrente @PeterTorrente]

In today's environment, investments in digital transformation carry more weight than ever before. I've outlined how this impacts #payments, #cybersecurity and AI/the #Metaverse for @IntBanker:

[International Banker @IntBanker]

Banks Maintain Digital Momentum in the Face of Economic Uncertainty

By Peter Torrente, National Sector Leader, Banking & Capital Markets, KPMG U.S. (@KPMG_US)

https://t.co/QNYJYE3rnN

[Peter Torrente @PeterTorrente]

Tune in to the KPMG TaxWatch Quarterly #Bank Update on 3/8 at 2 PM ET for interesting discussions on the the outlook for the 118th Congress , impacts of the #InflationReductionAct, & FASB's pending expansion of proportional amortization.
#KPMGTax https://t.co/XIVcz7Hp3h

[Peter Torrente @PeterTorrente]

ICYMI: Great insight on investor confidence in the Fed, the Fed’s rate hike plan and a changing data picture from @DianeSwonk on @CNBC @PowerLunch.

https://t.co/LBeLUHmxNK

[Peter Torrente @PeterTorrente]

There are various risks facing #bank boards & its never been more important to have holistic #RiskManagement and oversight. Our latest report highlights 9 key issues bank boards should consider in 2023. Find out more: https://t.co/7YHOOZVf4N

[Peter Torrente @PeterTorrente]

@ShenLucinda at @axios has the story, focusing on #regtech with @KPMGUS_News's @ruark_robert. Read more here. https://t.co/B80x6FUy88

[Peter Torrente @PeterTorrente]

According to our latest #fintech report, the US continued to drive fintech investment in the Americas, accounting for $61.6B in #investment. Read to learn more.

Thanks to my colleagues @ARuddenklau, Judd Caplain, and @ruark_robert for their insights.

[KPMG U.S. News @KPMGUS_News]

Hot off the press: our H2’22 Pulse of #Fintech report! Click to read insights on global fintech investments and #deals Hot off the press: our H2’22 Pulse of #Fintech report! Click to read insights on global fintech investments and #deals Hot off the press: our H2’22 Pulse of #Fintech report! Click to read insights on global fintech investments and #deals ⤵

[Peter Torrente @PeterTorrente]

On #DigitalTransformation: We're witnessing a new dynamic. #Banking execs are increasingly working to digitize the enterprise across front, middle, & back offices, ultimately creating new digital capabilities that benefit customers and the business.

[Peter Torrente @PeterTorrente]

Digital transformation, earnings growth, and payments top the list for what #banks are focused on in 2023. Read our insights here. https://t.co/q6eXy381kV

[Peter Torrente @PeterTorrente]

The conversations around #ChatGPT is continuing to pick up. What does it mean?
Check out this story in @BusinessInsider by @PaigeHagy and @biancachan_ with insights from KPMG's Dylan Roberts.
https://t.co/HcmLF4tgBx

[Peter Torrente @PeterTorrente]

Though a somewhat uncharted territory, banks that begin making moves in the #Metaverse can start to build a brand, acquire new customers & leverage the platform to deliver key products & services. Interesting findings on why firms should consider investing in the digital world:

[KPMG U.S. News @KPMGUS_News]

This just in: Are #macroeconomic conditions impacting investments in the #metaverse? Find out in our newly released metaverse investor perspectives survey: https://t.co/qLGebUxViT

[Peter Torrente @PeterTorrente]

Digital transformation, earnings growth, and payments top the list for what #banks are focused on in 2023. Read our insights here. https://t.co/q6eXy381kV

[KPMG US @KPMG_US]

Tune in on 1/31 @ 1:00pm ET for an inside look at the state of #sportsbets, deal activity + how #inflation may impact #SuperBowl2023 celebrations in a discussion with @realrickarpin, @ShawnQuill_ and C&R National Sector Leader Matt Kramer.

RSVP here: https://t.co/asZdV7GDfC

[Peter Torrente @PeterTorrente]

"Stress testing is a safety and soundness tool. It's all about setting the right strike zone in terms of being well capitalized, but not overly so." - KPMG's Brian Hart

More on increased demand for risk management jobs from @AmerBanker's @jwstuttered: https://t.co/epI4j43Equ.

[Peter Torrente @PeterTorrente]

@Yizhu_Wang_ has the latest in @SPGMarketIntel on #fintech M&A activity, with insights from @KPMG_US's Bob Ruark. Full story below.
https://t.co/xpkqXYoFYc

[Peter Torrente @PeterTorrente]

A sign of good news for consumers and businesses alike: The #inflation rate dropped in December with a 6.5% annual reading.

How will the Fed respond? More from @Bloomberg's @ctorresreporter: https://t.co/VpfXakFnmH.

[Peter Torrente @PeterTorrente]

Live from @wef in #davos2023, @KPMG_US CEO @paulknopp on what he is hearing on the impacts of the economy on tech spending. #wef23

[Yahoo Finance @YahooFinance]

“In past recessions, you definitely see more clients hitting the brakes in a significant way on technology spending,” @KPMG_US CEO @paulknopp says. “Generally speaking, we’re not seeing that.”

[Peter Torrente @PeterTorrente]

It was a pleasure providing my thoughts on takeaways from today's bank earnings with @saeedhas and the @ReutersBiz team. Story below.

[Reuters Business @ReutersBiz]

Wall Street banks stockpile funds for possible recession, show resilience https://t.co/CGRj0BiOze

[KPMG U.S. News @KPMGUS_News]

#BankEarnings: @KPMG_US banking lead @PeterTorrente tells @Reuters @saeedhas today’s bank earnings highlight how solid results are "largely reflecting the interest rate and economic environment."

Read more: https://t.co/82va9lIzIL

[Peter Torrente @PeterTorrente]

Enjoyed the conversation with Christopher Wolfe of
@FitchRatings, @KenKim_1, our regulatory team, and @KPMGUS_Tax's Mark Price and @johngimigliano earlier this week during our quarterly #banking symposium. Watch the replay: https://t.co/7scLI5T50d