AI evolves world-renowned brand
KPMG helped a global financial payments provider develop governance risk and controls over machine learning.
AI evolves world-renowned brand
KPMG helped a global financial payments provider develop governance risk and controls over machine learning.
Client
A global financial payments provider
Sector
Financial services
Project
Machine learning governance, risk and controls approach and framework
A U.S.-based financial payment services company built one of the world’s most famous brands by adapting to change and evolving over time. As its customers embraced a future of frictionless, cashless commerce, the company carefully balanced transaction convenience with sophisticated fraud prevention. High levels of global regulatory scrutiny, overlapping regional requirements, competitive pressures, and critical reputation stakes all threatened the delicate balance for this world-renowned brand. Each factor would impact the company’s consumer and business value proposition, which rests on rock-solid reliability.
The company’s leaders engaged KPMG to apply our experience and methodologies to the payments provider’s machine learning models. The goal was to keep the company on the frontier of data science while balancing the governance considerations.
AI evolves world-renowned brand
PDF DownloadThis client's internal audit team is now better equipped to support the company's goal of maintaining a careful balance of transaction convenience and sophisticated fraud prevention.
KPMG worked with the company’s internal audit team to develop a machine learning governance risk and controls framework and procedures to assist in evaluating machine learning models. The KPMG team:
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The governance framework helps equip the client with improved processes, procedures, and controls to evaluate current- and future-state machine learning models. Other benefits include:
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As AI becomes a competitive must-have, we help organizations responsibly deploy technology capabilities that use machine learning, natural language processing, and neural networks to achieve their business objectives and align with their return-on-investment-driven agendas.
KPMG brings extraordinary depth of experience and specialized resources to evaluate the unique challenges introduced by machine learning while understanding the governance, risk management, and compliance requirements that organizations face.
We know emerging technology and have specialists helping evaluate how these technologies are driving changes to business models and creating digital disruption.