Digital channels increase in importance and create new competitors, regulatory requirements continue to grow, customer expectations are rising and shareholders continue to demand healthy returns and the maintenance of higher capital buffers.
KPMG’s multi-disciplinary teams leverage deep industry knowledge to help finance organizations meet these challenges and respond with opportunities.
We offer a broad range of services and advice to help you manage risk, enhance regulatory compliance, optimize your customer and channel strategies, digital strategies, improve your operational efficiency and keep costs under control.
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Banking and Capital Markets
Higher capital requirements, simplified legal structures, shrinking spreads, costly regulatory burden and overall market volatility are just some of the challenges that retail and investment banks face in this new era. KPMG’s global member firms deal with these issues daily in addition to FATCA, EMIR and Volcker Rule compliance, cyber security, operations and technology and trade surveillance.
Insurance
Today’s insurers face a wide range of complex challenges, from navigating financial market uncertainty and evolving consumer demands to outpacing digitally savvy new competitors. While these factors may add new risk, they also present opportunities for insurers, reinsurers, and brokers, to rethink strategy, redesign financial and capital models, revamp sales, service and support processes with technology, or explore new growth in emerging markets or through product innovation.
Intensified regulatory scrutiny and enhanced compliance and capital requirements through Own Risk and Solvency (ORSA), IFRS and Solvency ll regimes are at the forefront. Tax Morality and Transparency rate high on the agenda. Modernizing technology and processes to derive value from the vast volume of data, securing the best talent from an ever shrinking pool, and driving efficiencies in front and back office operations will continue to challenge business models for several years to come.
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Connect with the Financial Services leadership team for expert guidance and strategic collaboration across banking, insurance, and capital markets.