IN a sector challenged by sometimes dramatic and unforeseen change, KPMG offers banking clients an advisory portfolio that combines agility and innovation to deliver sector-specific insight and approaches or methodologies designed to meet the unique needs of banks around the globe.
It also provides industry knowledge and intellectual capacity to foresee emerging issues and discuss their implications with authority. At KPMG, we target challenge and opportunity for the global banking leaders of tomorrow. More often than not, it is clear from the lessons of history that the business leaders of today who seek out, understand and embrace new and emerging market trends become true innovators and the market leaders of tomorrow. In short, as famed Xerox PARC research scientist Alan Kay noted, “The best way to predict the future is to invent it.” Today’s forward-looking bank executive is a core consideration for KPMG, and we work to draw clients’ attention to the latest trends in areas such as fintech, customer-focused business transformation, and data and analytics. In each of these areas, we identify powerful waves of innovation that will likely shape and transform the banking and capital markets sector for decades to come.
Our industry research tools, such as Bottlenose and Astrus, provide valuable insight into how the sector is being shaped by transformative and strategic changes, and how banks can best prepare to capitalize on and leverage these trends to their advantage. Through research, insight and analysis, our thought-leadership initiatives provide clients with valuable perspectives that they can adapt and use in their critical long-term business plans.
Invested in the future
The insight that KPMG provides is not solely based on extensive industry and sector analysis, but also on our active participation in technologies and solutions that we recognize as “ready now” to shape the future. Through our investment arm, KPMG Capital, our network is strategically invested in many emerging technologies in fintech and data and analytics, where we see unique value that can be successfully applied to a client’s need for innovation.
From onboarding solutions that dramatically improve efficiency and transparency for Know Your Client (KYC) demands to customer experience mapping tools that integrate human behavior, cognitive research and business infrastructure, KPMG expertise helps identify where the right digital experience at the right time can increase stakeholder engagement. Our investment in proprietary tools gives our banking and capital markets team the power to dynamically recognize cyber-security threats in real time and take a proactive and strategic approach to threat management and response. KPMG is harnessing real-world innovation today to deliver exclusive benefits to our firms’ clients in the banking sector and to address many of the critical strategic needs involved in enabling powerful business transformation.
At the same time, KPMG recognizes that in today’s highly diversified global economy, the next big thing often comes from small but ambitious entrepreneurs. This is why KPMG is actively engaged in the fintech start-up community as a sponsor and a partner in some of the leading financial-technology incubators and accelerators around the world, including Australia, Belgium, Canada, Hong Kong, Israel, the Netherlands, the United Kingdom and the United States. By working with the global fintech community, we are able to collectively generate insight and perspective into the pace and scale of vital innovation in the banking sector, and share that insight and knowledge with the global sector leaders of today and the new, emerging financial services giants of tomorrow.
What is new and what will make an impact
Often, innovation can be a pursuit employed by a vendor to satisfy their own growth agenda, but still fall short of
addressing the most substantial and transformative strategic needs of clients. Making the right choice for innovation is often difficult for banks that need to be certain of where they make commitments so that the varying demands of customers, shareholders and regulators can all be fully addressed.
At KPMG firms, we integrate our deep financial services-sector experience to strategically evaluate the character of innovation and its ultimate value to the needs of our firms’ banking clients. We continually evaluate advances in fintech, data and analytics, and digital and mobility platforms to define key criteria around degrees of innovation, utility and sustainability. We strategically assess the value of specific approaches for enterprise-wide benefit and true business-transformation potential. We recognize that the choices banks make need to balance the value of improved performance with need to create long-term and sustainable benefit.
People and expertise
The success of KPMG is rooted in our proven ability to match the needs of our clients with the industry’s best talent and experience, regardless of their location or need. KPMG member-firms deliver on the promise of providing a seamless “one firm, one approach” client experience, because we recognize that the depth of experience in industry-specific issues, challenges, trends and risk is what makes the biggest impact for a client’s needs.
With a network of more than 35,000 financial-services partners and professionals in more than 115 locations worldwide, KPMG is built to provide global bench strength and customized client care that is second to none and strongly leveraged to be of maximum impact in the financial capitals of global economic leaders, such as the US, the UK, Germany, France, Canada, China, Japan, India, Italy, Australia and Switzerland.
Financial services is our largest line of business and accounts for more than one-third of our revenues globally. It is evident by our firms’ scope of clients, engagements and locations that our team is well-equipped, balanced and highly respected to meet the needs of clients in each and every region where they operate. Furthermore, KPMG is resourced and connected to share and engage as a truly global knowledge leader, able to apply the benefits of global perspective and talent across our network to ensure that strategy, design and implementation are industry-leading but also locally relevant and effective.
Banking and capital markets are the core of our financial-services network accounts and our largest pool of talent and expertise. Our banking and capital-market sector sets the standard within our firm for creating a high-performance culture that attracts and retains among the best people, with the skills and determination to deliver above and beyond our client expectations. Our commitment to professionalism and integrity is at the heart of everything we do at KPMG. It is also central to the character of those outstanding professionals we recruit to our firm, who are technically brilliant, insightful and astute, but also carry with them the ability to be forward-thinking, confident and globally minded. They must add value to our member-firms’ clients and communities and be genuinely passionate about and proud to be part of KPMG.
It’s an approach that continues to serve the needs of our clients and has gained recognition and acknowledgment from the leading analysts of the global banking industry. KPMG’s global banking practice.
This article was taken from KPMG’s publication entitled Global Banking and Capital Markets Credentials.
© 2016 R.G. Manabat & Co., a Philippine partnership and a member-firm of the KPMG network of independent firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
For more information on KPMG in the Philippines, you may visit www.kpmg.com.ph.