KPMG in Bermuda FinTech Summit reveals only 13% report having a FinTech strategy in place.
On Thursday, May 31st, KPMG in Bermuda (KPMG) held their first FinTech Summit (the Summit). This full-day
session was designed to bring together organisations in an effort to provide a better understanding of the fintech landscape including blockchain, realities of automotive regulatory compliance, robotic process automation (RPA) and data analytics.
The Summit explored emerging technology themes within the financial services industry such as, current state and future trends that will continue to drive the future adoption of RegTech, enhancing operational efficiency by automating regulatory compliance, and leveraging data and analytics to enhance the customer journey and improve risk management.
Speakers in attendance such as:
The Premier and Minister of Finance the honourable E. David Burt, JP, MP provided the key note address and discussed how new technologies improve government efficiencies. He further explained that his aim is to make Bermuda the leading jurisdiction for FinTech companies.
During the event, KPMG ran a series of polls, and it was found that:
“Part of the challenge in developing a fintech strategy is having an appreciation for the art of the possible. Helping our clients get clarity around what problems they are trying to solve and aligning that with what tech solutions may be available is what we do,” shares Charles Thresh, Managing Director and Head of Advisory for KPMG in Bermuda.
Are you interested in discussing more on the related topics mentioned above and how KPMG can assist your organization, please contact Charles Thresh, Managing Director, or Alexandra McInnes, Director.
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