KPMG has turned out to be the big winner as the Firm took home the inaugural Consulting Firm of the Year award at a ceremony hosted by financial regulatory media agency Regulation Asia in Singapore.
According to the panel of judges, which included a range of industry experts, KPMG was honoured for “demonstrating strong domain expertise and its ability to understand the views of regulators as well as the entities they regulate, a position strengthened by its diverse team of consultants that includes compliance specialists, technology experts and former regulators.”
Sean Chen, KPMG Head of Financial Risk Management for the Asia Pacific, said of the win; “This accolade reflects the strength of our regulatory and compliance practice across ASPAC where we bring to bear a holistic breadth of experience and a deep understanding of the evolving regulatory technology and open banking landscape. It further demonstrates the commitment and drive of our compliance, technology and regulatory professionals to deliver innovative change management solutions and exceptional client service.”
In addition to the consulting firm of the year nod, KPMG was also won the accolades in the KYC Shared Ledger category – for delivering a proof-of-concept shared ledger which leverages blockchain technology to facilitate the sharing of digitised KYC information across banks – and was highly commended in the Regulatory Change Management category for developing GRC solutions that help banks in Taiwan comply with new rules requiring them to implement firm-wide risk management systems. In picture, Yeoh Xin Yi, Executive Director of KPMG’s FRM dept, joined the winning team in Singapore.