“Can EY transform from a traditional audit and tax partnership into a technology-enabled managed services platform for financial institutions without cannibalizing its regulated audit independence?”
EY is a legacy Big Four professional services partnership founded in 1989, providing audit, tax, and advisory services globally. The firm has expanded into technology-enabled managed services (EY Financial Managed Services Platform) and advisory work for financial institutions navigating embedded finance, BaaS, and open banking. A proposed demerger of its audit and consulting arms ('Project Everest') was explored in 2022-2023 but abandoned. EY is not itself an embedded finance company but advises and audits the ecosystem.
Ernst Young is founded in 1989 and headquartered in London, England, United Kingdom.
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