Big Data Special Series

KPMG

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SAS & KPMG

KPMG’s professionals bring practical experience, the latest technology tools, deep financial industry knowledge and cross-functional skills to create a sustainable path towards CECL and IFRS 9 implementation, and to help you capitalize on the strategic opportunities the change affords.

Focus Areas
Analytics, Cloud, Data Management, Fraud, Risk Management

Specializations
Risk

Industries
Banking & Financial Services, Health & Life Sciences, Energy, Manufacturing, Retail, Government, Communications/Media

Initiatives

Accounting Change:

Expected Credit Loss
SAS and KPMG have helped many clients in the US CECL market delivering the SAS Expected Credit Loss (ECL) technology platform and KPMG’s implementation expertise.

IFRS 17/Long Duration Targeted Improvements (LDTI)
SAS and KPMG will bring our collective experience and best practices in regulatory risk and finance management to address the IFRS 17 market globally and LDTI in the US.

Model Risk Management (MRM)
KPMG will leverage SAS’ MRM solution framework in a best practice approach to Model Risk Management which includes MRM Governance (planning, org design, policy).

Predictive Analytics for Revenue Cycle
As Utility companies deal with COVID-19 moratorium on shut-offs, KPMG and SAS are teaming together to leverage predictive analytics to predict impact on cash flow and bad debt loss to align with regulatory guidance and understanding the customer point of view.

Managed Analytic Services
IFRS 9, IFRS 17, Regulatory Reporting and stress testing.

Fraud:

Procurement Integrity
KPMG forensic network of 3,000+ professionals to customize the SAS Continuous Monitoring for Procurement Integrity can then be tailored with delivery models to match client needs.

Anti-Money Laundering
AML Fraud products, together with KPMG domain expertise address client anti-money laundering needs and the future of AML with AI and Machine Learning.

Cloud
Cloud Acceleration Centers have been announced to support SAS client migration to the cloud. These centers will support Risk and Fraud initiatives above.

Resources

Overall Partnership:

Cloud:

Video
KPMG & SAS Provide Faster Cloud Transformation

Fraud:

Video
Delivering data-driving financial forecast as a SAS MASP

About KPMG

KPMG LLP, the audit, tax and advisory firm, is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International’s independent member firms have 197,000 professionals working in 154 countries. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. kpmg.com/us

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