KPMG Luxembourg and Finologee team up to redefine regulatory compliance using KYC Manager
KPMG Luxembourg and Finologee have joined forces to reshape how digital regulatory compliance is delivered across Luxembourg’s financial sector.
KPMG Luxembourg and Finologee have joined forces...
KPMG Luxembourg and Finologee have joined forces to reshape how digital regulatory compliance is delivered across Luxembourg’s financial sector. The combination of KPMG’s extensive regulatory and operational expertise with Finologee’s robust RegTech platform, KYC Manager, offers financial institutions and service providers a seamless, wide-ranging capability for mastering AML/KYC compliance.
In a market where regulatory complexity continues to rise, this initiative delivers what many have been waiting for: smarter compliance, streamlined operations, and reduced risk - all in one combined approach. More than just advisory. More than just technology. KPMG and Finologee are among the pioneering first movers in Luxembourg, working to fill the gap between strategy and execution. They offer a unique value proposition that goes far beyond traditional consulting and standalone software.
KYC Manager, Finologee’s regulatory compliance platform, used by major banking, insurance, and asset management firms, is specifically designed to increase client and stakeholder interactions throughout onboarding, lifecycle management, and distribution processes. It enables secure data exchange, automates workflows, and improves operational oversight, all while ensuring compliance with complex regulatory requirements.
The platform is built to accommodate multi-entity operations, layered teams, and complex processes, making it particularly well-suited for financial institutions that operate in highly regulated environments. Hosted and operated by Finologee under its Luxembourg Support PSF license, it requires no additional on-premise software or hardware installation, and can be accessed either via secure web browser connections or through integration with existing IT and operational systems using its APIs.
KPMG Luxembourg acts as a strategic advisor for financial institutions looking to modernize and optimize their compliance frameworks through digital transformation. Leveraging on its extensive industry knowledge and consulting expertise, KPMG assists clients in assessing and implementing digital systems effectively. Incorporating KYC Manager into its offerings allows KPMG to provide clients with a top-tier tool that enhances onboarding and lifecycle management, merging regulatory expertise with a secure digital platform for more effective compliance practices.
Financial institutions can reduce onboarding friction, improve the consistency and reliability of compliance data, and manage lifecycle and remediation activities more efficiently by leveraging the combined strengths of KPMG and Finologee. The combination of advanced technology and regulatory expertise significantly boosts the oversight and execution of compliance processes. This holistic approach supports the development of robust, future-ready compliance functions capable of adapting to evolving regulatory requirements and industry challenges.
Dieter Putzeys, Partner - Tax and Advisory at KPMG Luxembourg said:
Teaming up with Finologee enhances our capacity to provide more effective digital compliance tools tailored for the financial sector, especially within the insurance industry.
KYC Manager is already being utilized by several institutions in Luxembourg’s life insurance sector, showcasing its strong alignment with the unique needs and complexities of this market. Building on this success, we see significant potential to extend its benefits to a wider array of financial institutions seeking to improve and future-proof their compliance operations
Jonathan Prince, co-founder and CSO at Finologee commented:
We are truly pleased to partner with KPMG Luxembourg, a firm widely respected for its regulatory expertise and strong client relationships.
It is exciting to see our KYC Manager platform become part of such a comprehensive and sound service offering. This partnership presents a great opportunity to help more organizations strengthen their compliance protocol with a platform that is both robust and easy to integrate.
Giovanna Giardina, Partner – Forensic & Financial Crime Leader at KPMG Luxembourg said:
The partnership with Finologee positions us at the forefront of digital transformation in financial services.
By leveraging advanced technology alongside our regulatory expertise, we can empower financial institutions to navigate the complexities of AML/KYC compliance more effectively. Our joint efforts will enable financial institutions to streamline their operations, improve data accuracy, and ultimately enhance client experiences while ensuring robust compliance frameworks.
Finologee is one of Luxembourg’s leading digital finance platform operators. The company facilitates the financial industry’s quest for optimisation and innovation with its digital platforms for bank & account management (LYNKS), KYC/AML (KYC Manager), bank compliance (PSD2 for Banks & CEDRS) and mobile payments (Payconiq). Finologee serves more than 50 banks and institutions with its unique Software-as-a-Service toolkit placing user experience, technology and compliance at the core of the business, Finologee’s founders have been blazing a trail for FinTech ‘made in Luxembourg’ since 2006. With a staff of 35, the company is ISO 27001 certified and is operating as a regulated financial services professional under a ‘Support PFS’ licence granted by the Ministry of Finance.
For further details, please visit: www.finologee.com | victoria.doeringer@finologee.com
About KPMG Luxembourg
KPMG in Luxembourg is a leading provider of professional services of audit, tax and advisory. KPMG operates in 142 countries and has more than 275,000 professionals working in member firms around the world.
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Press Contact: Geneviève Feyt, Direct Phone : +352 22 51 51 2903, E-mail: genevieve.feyt@kpmg.lu