KPMG today announced the introduction of its Digital Ledger Services, a comprehensive suite of services designed to help financial services companies realize the potential of blockchain capabilities — providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs by utilizing blockchain-based technologies.
Blockchain is an alternative ledger database that maintains a continuously growing list of transaction records that are considered permanent and unchangeable, and is increasingly becoming the destination platform for financial services companies.
KPMG’s Digital Ledger Services includes full lifecycle support – from strategic qualification and business case development to relevant use-case development, systems and operations integration, and on-going management of a company’s blockchain infrastructure. The lifecycle support combines management consulting and risk consulting expertise in financial processes and regulation as the backbone. KPMG’s in-house development and cloud transformation expertise will also be part of the services offered to clients.
Blockchain represents not only a dramatic shift in how financial services organizations will manage transactions in the future, but also how they structure their internal operations going forward. This is something that all financial services companies must be considering and accelerating.
– Bill Cline, KPMG’s U.S. Financial Services lead for technology and innovation.
“What is most promising about the emergence of blockchain is the impact it could have for helping cut operating and capital costs that have been the bane of financial services companies after years of increasing regulatory overhead,” said Eamonn Maguire, KPMG’s U.S. and global lead for Digital Ledger Services.
To learn more about KPMG’s Digital Ledger Services click here.