Pandemic spurs banks' AI adoption for AML, SAS study shows
Amid a COVID-driven fraud and financial crimes surge, many financial institutions have deployed AI for anti-money laundering or plan to
KPMG and SAS
Proven partnership
The KPMG alliance with SAS helps to provide your organization with the industry knowledge and experience of KPMG professionals, working with SAS’s dedicated analytic software platform, to provide services in the areas of accounting and regulatory change, as well as risk and financial data management. Together we offer solutions on Accounting Change, Model Risk Management, Continuous Monitoring for Procurement Integrity, and Anti-Money Laundering.
KPMG and SAS Cloud Acceleration Centers of Excellence
As a positive response to the current challenges faced by global organizations, the goal these centers is to help companies navigate their journey to the cloud—from design and architecture to implementation—more cost-effectively and with increased speed. The centers are intended to be highly collaborative, tech-enabled environments that bring together multidisciplinary teams. They seek to support clients who have their own cloud environment, as well as those who are employing other cloud-based managed services.
KPMG and SAS Alliance Based Offerings
Accounting Change: Deliver solutions to help facilitate firm transitions through accounting changes such as CECL, IFRS 9, IFRS 17, LDTI and ASU 2016-13.
Model Risk Management (MRM): The KPMG and SAS approach to MRM enables efficiency, provides the needed governance, controls, compliance, documentation management and reporting to help take organizations to the next level.
Continuous Monitoring for Procurement Integrity (CMPI): CMPI empowers businesses to proactively detect, investigate and mitigate fraud in the procurement process through a powerful combination of artificial intelligence, integrated forensic capabilities and pre-configured analytical scenarios. KPMG and SAS jointly offer an industry leading PI solution.
Anti-Money Laundering (AML): KPMG and SAS developed an innovative solution to reduce the burden of AML compliance within existing programs.
An overview of the KPMG and SAS alliance and our offerings together.
KPMG and SAS | Better together
The KPMG alliance with SAS helps to provide your organization with the industry knowledge and experience of KPMG professionals, working with SAS’s dedicated analytic software platform, to provide services in the areas of accounting and regulatory change, as well as risk and financial data management. Together we offer solutions on Accounting Change, Model Risk Management, Continuous Monitoring for Procurement Integrity, Anti-Money Laundering (Financial Crimes), and others.
