The Canadian financial services industry has transformed significantly over the last few years. From changing customer expectations and the need to deliver highly personalized experiences, ever-expanding data sets and digital transformation efforts, to concerns about the environment, social justice, and privacy – financial institutions have unique business needs.

KPMG in Canada serves the audit, tax, and advisory needs of Canadian and global enterprises. We have built one of the country’s largest and most experienced financial services teams, with cross-functional experience and deep sector insights in banking, insurance, private equity, pensions, and wealth and asset management. Our diverse group of professionals can help you better meet the challenges your organization is facing and respond to these drivers of change by streamlining operations, incorporating new technologies and improving customer engagement.

Financial Services

Insights and resources

Frequently asked questions (FAQs)

Finance transformation

Our finance transformation team helps organizations implement strategies to build a more agile, efficient, and profitable finance function. From cloud-enabled transformation, and digital finance strategy to predictive analytics and automation strategy implementation, we strive to help organizations increase productivity and create value.

Risk management and sustainable finance

We help financial services organizations reshape operating models to encompass ESG strategy, strengthen regulatory compliance, and deliver value to stakeholders. Leveraging the latest ESG frameworks, we can help your organization navigate the complexities and drive profitable growth.

Digital transformation

Digital transformation presents a big challenge and an equally big opportunity for today’s financial institutions. We work with financial services organizations to employ advanced digital strategies to stay competitive, find new cost efficiencies, and deliver operational excellence by aligning people, processes, and technologies.

Customer experience

As the evolution of the Financial Services industry continues, our team can help organizations capitalize on opportunities to improve business efficiency and spur growth with sector-specific knowledge in Banking, Insurance, Asset Management, and Private Equity. We can help design, build, and implement strategic customer experiences from the front to back office.


KPMG in Canada is committed to providing exceptional audits for the financial services industry by introducing transformational technologies that have the ability to reshape the audit process. Our dedicated industry audit teams inspire trust in data and financial information by focusing on innovation that delivers efficiency and value to our clients.


Our Financial Services tax team can help organizations develop and execute effective global tax strategies through a multi-disciplinary approach. Our services include transfer pricing, indirect tax, cross-border tax, and tax issues and opportunities associated with mergers and acquisitions.

Digital transformation is one of the biggest opportunities for the financial services industry – ever-expanding proprietary and third-party data sets combined with digital innovation and enhanced artificial intelligence (AI) capabilities are creating opportunities for financial institutions to drive efficiency and engage with customers more effectively.

Our specialized technology and business teams provide industry-specific solutions and deliver transformative technology strategies, plans and architectures designed to address important business problems and achieve your business objectives. Here are some of the ways we help our clients with data technology requirements:

  • Digital strategy and transformation
  • Enterprise architecture and solutions
  • Cloud strategy and integration
  • Information management, data, and analytics
  • Intelligent automation
  • Technology incubation and innovation
  • Cyber and privacy risk management

At KPMG, our professionals provide audit, tax, and advisory services to many of Canada’s leading organizations in the financial services industry, from banks and insurers to private equity and asset management firms.

Our clients draw on our deep industry experience and extensive technical resources to help manage risk, enhance regulatory compliance, optimize customer and digital strategies, and improve operations. This gives us a unique insight into the complexities and opportunities within the sector, allowing us to bring reliable solutions to the table.

Services we offer include:

  • Accounting advisory services
  • Customer experience
  • Risk consulting including cyber security, financial risk management, technology risk consulting and governance, risk, and compliance
  • ESG reporting
  • Finance transformation
  • Indirect tax
  • Mergers and acquisitions
  • Operational excellence
  • People and change management
  • Restructuring and turnaround
  • Technology strategy and digital transformation

In order to ready themselves for future change in the financial services industry and the broader business landscape, organizations need strategies that can help them adapt, transform their operations, and above all, remain agile. KPMG’s Financial Services practice offers a range of services and advice that can help financial institutions optimize performance and create value for all stakeholders through strategy development, technology implementation, operational improvements, regulatory compliance enhancements and effective risk management.

Through our work with many of the world’s largest financial organizations, we are continuing to enhance our deep understanding of industry issues to better help our clients. By integrating our capabilities across audit, tax, and advisory functions, KPMG’s Financial Services professionals bring insights to help our clients build a competitive advantage and align strategies during this period of substantive change to seize opportunities.

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