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At KPMG, we see low-code as the future of application development and automation. Low-code platforms can dramatically speed creation of enterprise-class applications, automate workflow and case management activities, integrate with existing information systems, and enable a slick user experience.

Low-code automates basic processes and allows employees to quickly develop scalable business applications. Low-code can expand or enhance the functionality of existing information systems as they are shifted to a cloud-computing environment. And they can supplement or even replace existing legacy applications in the back office.

By using best-in-class technologies, KPMG is helping leading organizations advance to a connected future where low-code platforms will unify front-, middle- and back-office functions.

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How KPMG low-code is helping clients

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Monitoring Concentration Risk and Margin Call Process

Challenge: Several manual interfaces with legacy systems, manual risk consolidation and reporting, time consuming and inefficient email orchestration across stakeholders

Why low-code: rapid development, modular scalability, non-disruptive integration with legacy infrastructure, full range of automation solutions  

Outcomes:

  1. Build an application that will ensure proper segregation of duties between the business and second line of defense stakeholders
  2. Reduce the amount of time and resources required to manage the alerts, reduce the amount of manual errors and duplication of effort, streamline the archiving of evidence supporting the review of alerts
  3. Render Lombard Lending risk monitoring dynamic and reactive to your firm’s changing business requirements
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Transforming an outdated tech landscape

Challenge: limited collaboration between workgroups, manual processes, disconnected systems and point solutions

Why low-code: 15+ applications built to modernize / replace legacy apps across regulatory, finance, supply chain and product management

Outcomes: Integrated applications, global collaboration, process visibility and significant reduction in product launch time

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New product launch

Challenge: launching new / changing funds involve a complex processes, collaboration, system integrations, and real-time data visibility and reporting

Why low-code: most agile approach to consolidate 500+ data fields, process global product/term sheets, manage workflows/tasks & approvals for 100s of users

Outcomes: improved time to market, increased data accuracy, eliminated duplication of data entry, reduced complaint resolution times, self-admin capabilities

    

Four leading practices for low-code success

To help ensure that your organization gets the most from low-code development platforms, KPMG recommends adopting the following leading practices:

Refine architecture

1.  Refine your enterprise architecture strategy to define how you will use
low-code platforms.

    

Learn mentality

2.  Employ a fail fast, test-and-learn mentality.

Employees

3.  Employ or contract with experienced developers for complex application development.

Center of Excellence

4.  Build a center of excellence.

Your key contacts

   

Mark Meuldijk

Partner, Data & Analytics and Emerging Technologies

> Contact me

Kevin de Verteuil

Partner, Financial Services,
Low-code Lead

> Contact me

Discover more

KID production and review for PRIIPs

Orchstration of the production and review process of KIDs for PRIIPs.

> Read document

   

Lombard lending risk monitoring solution

Supporting banking clients in monitoring concentration risk and key risk processes

> Read document

Low-code platforms deliver high reward

Businesses are embracing low-code as the future of app development and automation.

> Open PDF

KPMG Lighthouse

Our Center of Excellence for data-driven technology. We advise you on digitalization, innovation and transformation.

> Read on