Data transformation: How to integrate banks’ risk and finance functions

Integrating risk and finance for data transformation

Download our report on why banks must rethink the silo mentality – and how to do it.



Isabel Zisselsberger

Head of Strategy & Performance for Financial Services, Hong Kong

KPMG in China

Integrating banks’ risk and finance functions for data transformation - bridges over water

Leading banks have been talking about integrating risk and finance operations, to secure a single, consistent and multidimensional view of their business, for more than a decade. But, with a few exceptions, relatively little progress has been made.

Many banks are reaching a tipping point and can no longer avoid what has been obvious for a while- that finance and risk need to join forces in order to finally add value to their business. This move can help banks make better and faster decisions. Examples of how they can achieve this include:

  • Risk and finance integration can deliver a much more consistent and standardised view of the risk-adjusted returns banks are achieving throughout their business;
  • Data transformation provides crucial insight into customer behaviours, enabling the development of better products and services;
  • Exploiting these gains will make it possible to allocate capital much more efficiently; and
  • Integrated ways of working and a common infrastructure will not only improve control but should undoubtedly lead to elimination of duplication and efficiencies.

Drawing on the insights gained by those organisations which have already embarked on the transformation journey, in our report we explore what an integrated risk and finance function might look like and how to make the transition to it.

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