Financial Crime Data Analytics in Saint Pierre and Miquelon: A New Era of Compliance
In today’s digital landscape, the rise of financial transactions creates new opportunities for financial crime. To combat this, financial institutions must prioritize Anti-Money Laundering (AML) compliance while protecting their reputation and inspiring trust among stakeholders.
KPMG Managed Services: Your Partner in AML Compliance
By combining deep domain knowledge, data management, analytics, and advanced technology, KPMG’s managed services offer a valuable partnership for financial institutions. Our solution digitizes policies, automates processes, and monitors high volumes of transactions at a lower cost.
Benefits of Outsourcing AML Operations to KPMG
- Improved Data Quality: Reduce false positive alerts and enhance the accuracy of your customer profiles.
- Automated Data Collection: Verify and enrich customer profiles by collecting data from multiple sources.
- Better Customer Understanding: Improve customer experience by gaining a deeper understanding of their needs.
- Expedited Transaction Review: Streamline transaction review processes for faster turnaround times.
- Increased Process Efficiency: Reduce manual effort and increase the speed of compliance processing.
- Cost Savings: Achieve significant cost reductions through our outcome-based pricing model.
- Trust and Credibility: Earn trust among regulators, customers, and stakeholders by demonstrating your commitment to AML compliance.
KPMG Managed Services: Delivering Operational Excellence
Our managed services aim to deliver:
- 40-60% reduction in average handling times
- 30-50% reduction in operating costs due to consistency, quality, and speed
- 95%+ operational excellence with first-time quality scores
Transforming Compliance Operations into a Catalyst for Innovation
KPMG’s suite of digital solutions is designed to help transform compliance operations into a catalyst for innovation. With expertise in risk and regulation, we can cover AML-related operations in areas such as:
- Regulatory remediations
- Loan processing
- Surge support
Services Offered by KPMG Managed Services
Our services include:
- Know Your Customer On Demand
- Transaction Monitoring
- Sanctions Screening
- Regulatory Reporting Data Testing
- Cyber Security
- Model Risk Management
- Loan Processing
- Controls on Demand
Quote from Arvind Gupta, Principal, Advisory, Managed Services, KPMG US
“Financial crime automation strategies are a must-have for financial institutions in Saint Pierre and Miquelon. Our managed services can help reduce costs, improve efficiency, and increase trust among stakeholders.”
Quote from Jason Carney, Advisory Managing Director, Managed Services, KPMG US
“We understand the complexities of AML operations and the need for operational excellence. Our services are designed to deliver high-quality results at a lower cost while improving customer experience and regulatory compliance.”