Last Month in Accounting, Accountech & Fintech - November 2024 edition

A quick market roundup of all the key news story from the last month or so…

ALSO: You can see an abbreviated version of this post in the Accounting insight Newsletter each month from Accountex - sign up here

Practice & Accounting

• TC Group Group has announced the completion of a merger with Plymouth-based accountancy practice BROMHEAD LTD to ‘TC Bromhead https://mulberry.msnd35.com/tracking/lc/57426320-8655-4ff3-b0aa-91629d83952d/ee3a418f-3f14-4433-84b3-a51f3c5b8dc2/8279e48a-6e4e-5977-0c24-c9d9c2f6f5c3/
• The 2024 LUCA awards ICB UK (Institute of Certified Bookkeepers) have been announced...https://www.bookkeeperssummit.com/lucaawards
• BK Plus acquires Haines Watts High Wycombe https://www.accountancytoday.co.uk/2024/10/08/bk-plus-acquires-haines-watts-high-wycombe/
• Sumer continues expansion with HW Fisher merger https://www.accountancytoday.co.uk/2024/10/10/hw-fisher-merges-with-sumer/
• RSM US LLP and RSM UK UK pursue transatlantic merger https://www.rsmuk.com/rsm-uk-and-rsm-us-pursue-transatlantic-merger
• ICAEW tells 215 firms to improve AML practices https://www.accountancytoday.co.uk/2024/10/15/icaew-tells-138-firms-to-improve-aml-practices/
• Critchleys Oxford join Gravita ?https://www.gravita.com/gravita-adds-some-oxford-excellence-as-we-welcome-critchleys/
• Armstrong Watson acquires Parkhill Mackie and Co. https://www.accountancytoday.co.uk/2024/10/25/armstrong-watson-acquires-parkhill-mackie-and-co/
• TC Group announces merger with UHY Hacker Young East adding three new offices to the group in Letchworth, Cambridge and Huntingdon https:// www.accountancytoday.co.uk/2024/10/28/tc-group-announces-merger-with-uhy-hacker-young-east/ ?

Software

• The Access Group buys Tradify ?https://www.nzherald.co.nz/business/former-sparkie-in-for-9m-payday-as-his-app-sells-to-uk-firm-for-100m/EDCBQJHMIVEXNIZFNT5B7M7RNE/
• Spend management solution Expend has?integrated ?business card transactions from?Mastercard?and?Visa?into its platform through partnership with?Astrada
• Payment provider? GoCardless ?has?renewed ?its contract with?Moneybox.
• Payment provider? SumUp has?partnered ?with accounting provider? Xero
• End of an era... Hannah Dawson leaves Futrli after founding the business and taking it to and beyond the Sage acquisition
• 汤森路透 Reuters acquires Materia – a specialist in AI for the tax,?audit and accounting profession
• Coming soon to the UK - Bright Accounts Production https:// register.gotowebinar.com/register/6899487583986719328?source=xu+edm+1+nov

Reports & Whitepapers

• ICAEW EVOLUTION OF MID-TIER ACCOUNTANCY FIRMS report is now live from here: https://www.icaew.com/technical/practice-resources/evolution-of-mid-tier-accountancy-firms
• Reminder: flinder #FTTP24 white paper is now live... AI, Disruption, Storytelling and more in the Future Of Accounting And Finance In a Digital World https://www.flinder.co/landing/the-future-of-accounting-and-finance-in-a-digital-world-2024

Finance & Banking

• Starling Bank Starling AML process are flagged for failing processes https://www.finextra.com/newsarticle/44822/starling-bank-fined-29m-for-shockingly-lax-aml-screening
• The? Financial Conduct Authority ?has?interviewed ?20 "influencers" in a crackdown on financial product promotions.
• Revolut ?has?launched ?a grant program to support women in engineering.

• Wise ?CEO was?fined ?￡350,000 by the?FCA?for failing to report tax issues

Other

• AccountingWEB.co.uk Accounting Excellence awards winners here: https://www.accountingexcellence.co.uk/our-categories/winners-2024/
• Reminder: The final Ignition 50 Top Women In Accounting are now live! The UK are well represented... https://womeninaccounting.ignitionapp.com/stories/top-50-women-in-accounting-2024

I'll be back next month for more news and updates!

#Accountants #Bookkeepers #accountech #fintech #technology #banking #finance #accounting #Mergersandacquisitions #M&A

Sources include: BBC AccountingWEB.co.uk Croner-i FinTech Insider @Accountech Forum