Moving to the cloud
Before

A major national bank was looking to modernize its IT core and business operations by digitally transforming and moving to the cloud. Its goal was to provide better customer support while continuing to create innovative products and services. But it wasn’t able to integrate its legacy data and compliance processes and procedures into the new system.

Solution

KPMG guided the bank through the design and implementation of an agile compliance work-stream strategy that helped build stakeholder trust among customers, regulators, employees, and investors, while also solving the legacy data issue.

After

The bank now has a real-time, modern, industry-standard system that supports web and mobile customer banking. What’s more, legacy data can be seamlessly accessed, creating a better customer experience. In addition, when the bank later acquired another bank, it was easily able to integrate the acquired institution’s IT and compliance systems. 

Mitigating a city’s immigrant crisis

Before

One of America’s largest cities was trying cope with an influx of immigrants and the increasing number and cost of resources needed to manage this situation. Part of this effort included searching for ways to guard against fraud, waste, abuse, and other irregularities. The city asked KPMG to serve as an “integrity monitor” of its immigrant care program. 

Solution

KPMG helped establish a central data repository that captured all contract information—including updated extensions and amendments—from the subcontractors involved in the program. Relying on our cutting-edge data and analytics (D&A), artificial intelligence (AI) and intelligent automation (IA) tools, we tracked and analyzed all contract prices – even between siloed city agencies – spotted anomalies, and ensured accountability and compliance with regulations.

After

Our processes and resulting spending analysis added clarity to the city’s decision-making. It can now compare invoices, contracts, and individual line items across vendors, locations, and agencies. We helped improve the program’s efficiency; expanded the city’s ability to detect and prevent fraud, waste, and abuse; and saved taxpayers millions of dollars.