David Montes

David Montes is a Principal in KPMG LLP’s Financial Services Advisory practice in the Atlanta office and currently serves as the head of Insurance Strategy.  Mr. Montes has 20 years of experience providing strategic insight and implementation support to large financial services companies including initiatives focused on business, operations, and technology transformation with a focus on enterprise growth and efficiency.

A professional services veteran with deep advisory services knowledge and over 20 years in the financial services industry. Extensive experience providing strategic insight and execution support to large financial services companies including initiatives focused on business, operations, and technology transformation.

Performed payment studies for several payment clearing and settlement organizations and has been a speaker at various client and trade events on topics such as Global Payment Trends, Mobile and Digital Opportunities in Banking, and the Financial Supply Chain. 

Specialties include: payments transformation; retail and commercial banking strategy and target operating models (TOM); cost optimization and revenue enhancement strategies; business case development; industry and market scans; retail and commercial bank operations and technology; large scale banking project execution and PMO.

Relevant technology and strategy assignments

• Led an effort at a top U.S. custodian bank focused on building a case for change focused on documenting the requirements, costs, benefits, and conceptual design of a distributed ledger cross border, cross currency payment system focused on optimizing their clients’ global remittance capabilities.
• Led an effort to develop an end-to-end, enterprise wide Innovation capability at a top global commercial insurance provider.  The effort is focused on developing standardized process to perform signal sensing, developing prioritization frameworks for both the signal sensing activities and the annual, strategic planning effort.  The project team developed use cases and business cases for strategic opportunities leveraging blockchain, intelligent automation (RPA, Cognitive, AI), IoT, AR/ VR, drones, and edge computing.
• Led an IT Maturity Assessment of a top Mortgage Insurer focused on assessing technology capabilities across the end-to-end insurance value chain focused on applications, services, data, and infrastructure layers across the enterprise from client relationship management and marketing to underwriting and servicing.  The effort also identified key technology disruptors that would have a significant impact on the business and conducted a capability assessment to recommend opportunities for enhancing the target technology stack.
• Led an effort at a leading Life Insurance settlement company focused on developing a growth strategy based on their investment in DNA technology to improve mortality accuracy.  The KPMG generated growth opportunities in settlements and developed strategies to develop adjacencies to the core business.  As part of this effort, KPMG developed market sizing, high-level business cases and a prioritized road map focused on developing tactical plans to implement.