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      Building tomorrow’s financial system today

      • New perspectives to operations

        The constantly changing regulatory landscape, pressures on cost management and growth, as well as increasing investment needs in technology and data utilization, have led financial sector companies to reassess their operations from new perspectives.

      • Support to developing and reshaping business models

        The threat posed by new players, such as fintechs and big tech companies, to traditional industry players, along with growing customer expectations, forces every organization in the sector to develop and reshape their business models.

      • Access to industry-leading expertise

        Our financial services experts collaborate with the world’s leading financial institutions. This allows us to continuously deepen our financial sector expertise and enhance our ability to support our clients in a changing competitive and market environment. Our strong market position in Finland’s financial sector, combined with the support of our international network, ensures that our clients always have access to industry-leading expertise.

      Juha-Pekka Mylén
      Juha-Pekka Mylén

      Head of Financial Services

      KPMG in Finland

      Would you like to learn more about our services and experts?

      Our sector-specific expertise

      The banking sector must adapt quickly. The post-2008 financial crisis regulations and the 2020 pandemic have accelerated industry transformation and the shift towards more digital operating models.

      Banks need to operate seamlessly in both digital and physical environments. Digital services enable cost savings and core business restructuring, where cloud services and automation play a key role.

      Technology is also reshaping work practices, increasing the need for flexible processes and organizations. Banks must manage their risk models and adapt to new challenges, considering the impacts of Brexit and the growing importance of ESG (Environmental, Social, and Governance) factors.

      We provide solutions that help the banking industry navigate changing conditions. Our strong expertise and comprehensive service offering support our clients both locally and globally.

      Antti Hakkarainen
      Antti Hakkarainen

      Partner, Risk & Regulation

      KPMG in Finland

      Tiia Kataja
      Tiia Kataja

      Audit & Assurance, Financial Services

      KPMG in Finland

      Traditional insurance providers are facing new challengers in a turbulent market environment. Uncertainty in financial markets, changing consumer demands, and new players create both challenges and opportunities. Now is the time to renew strategies and processes by leveraging technology.

      Tightened regulations and reforms such as ORSA, IFRS, and Solvency are at the core of industry transformation. New services and technologies, along with regulatory compliance, offer a competitive advantage.

      We provide expert assistance in business development and growth, helping our clients interpret regulations and enhance their operations. KPMG’s international network continuously monitors financial sector developments and offers insights into future prospects.

      Timo Nummi
      Timo Nummi

      Partner, Audit & Assurance, KHT

      KPMG in Finland

      Jenny Lehto

      Financial Services Advisory Lead

      KPMG in Finland

      The role of technology in asset management is now more crucial than ever. Investors demand real-time reporting and digital services, which place high requirements on data collection and cybersecurity. Shrinking fee margins necessitate operational efficiency and cost reduction. Specialized products and increasingly international markets create both competition and opportunities.

      Changes in the operating environment require a customer-centric approach. Responsible investing and the ESG agenda are megatrends. A complex regulatory and tax environment also impacts the industry.

      We offer deep expertise in the investment ecosystem, assisting in business model transformation, regulatory compliance, business protection, and portfolio growth. We actively support ESG strategy implementation and financial sector regulatory matters.

      We provide scalable transaction services and assist in structuring corporate and fund structures.

      Ville Mäkäläinen

      Financial Services

      KPMG in Finland

      Eeva Rakkolainen
      Eeva Rakkolainen

      Legal Counsel

      KPMG in Finland

      Our services

      We help your organization transform its approach to risk management and ensure compliance with requirements. This includes, for example, reorganizing risk management units, interpreting regulations and implementing required changes in operating models and applications, as well as establishing effective risk management.

      Ville Mäkäläinen

      Financial Services

      KPMG in Finland

      Saara Suojanen

      Risk Consulting, Financial Services

      KPMG in Finland

      Our Financial Risk Management services encompass credit risk assessment, governance, and optimization, all while ensuring regulatory compliance. We assist your organisation with capital adequacy by interpreting regulations, performing necessary calculations, and managing associated risks. Additionally, our Analytics & Quantitative Finance (AQF) service merges technology with financial expertise to provide continuous support. We also offer process and control assurance and development services to enhance both efficiency and compliance.

       

      Our financial crime prevention services include identifying, assessing, and mitigating financial crime risks, delivering actionable insights for decision-making, and developing tailored strategies. We also offer comprehensive training, stress testing, Know-Your-Customer (KYC) maturity reviews, sanctions risk assessments, and technology transformation/testing to ensure robust financial crime prevention operations.

       

      Mika Vuorenmaa
      Mika Vuorenmaa

      Head of Financial Crime Prevention

      KPMG in Finland

      Our operational resilience services support banks and insurance companies in meeting regulatory requirements, including the Banking Recovery & Resolution Directive (BRRD) and the upcoming Insurance Recovery & Resolution Directive (IRRD). We assist with recovery planning, operationalization, and testing. Additionally, we help organisations comply with DORA regulations by providing GAP analyses, implementation projects, internal audits, and readiness assessments.

       

      We help banks integrate ESG risks into their governance, operations, and risk management in line with EBA guidelines. We offer gap analysis, materiality analysis, and transition planning. Additionally, we provide training, workshops, ESG risk data analysis, and support for ESG integration into business models and strategies.

      Ville Mäkäläinen

      Financial Services

      KPMG in Finland

      Saara Suojanen

      Risk Consulting, Financial Services

      KPMG in Finland

      We help organisations plan and execute strategic transformations effectively. We offer comprehensive support by establishing and managing Transformation Management Offices (TMO), designing target operational states, and providing Project Management Office (PMO) support. Additional services include conducting benchmarking studies, performing cost analysis, assisting with technology selection, optimizing business processes, and facilitating pricing strategies and portfolio rationalization. 

      Hanna Niemelä
      Hanna Niemelä

      FS Advisory

      KPMG in Finland

      Kai Sandberg
      Kai Sandberg

      FS Advisory

      KPMG in Finland

      As the operating environment and regulations change, stakeholders' demands for the reliability of financial information and the transparency of operations for companies and organizations increase. Our audit's task is to ensure that your organization can meet the growing requirements set for it. Our auditors ensure that your organization's financial statements, reporting, and other financial information meet legal requirements while also considering the interests of owners and other stakeholders.

      Toni Aaltonen
      Toni Aaltonen

      Partner, Head of Audit & Assurance

      KPMG in Finland

      Our internal audit services combine broad expertise in investments, financial and operational auditing, regulatory compliance, cybersecurity, IT, and data analytics. We tailor our audit focus to best support your organization's objectives. We leverage technology to identify risks and ensure the efficient execution of audits.

       

      Harri Leppiniemi
      Harri Leppiniemi

      Partner, Governance Services and Forensic

      KPMG in Finland

      We provide comprehensive compliance support, including risk assessments, monitoring, reporting, and regulatory advice. We assist with regulatory changes, focusing on frameworks like MiFID, AIFMD, and Solvency. We also support new entrants with authorization applications and customer journey builds and advise on complex domestic and cross-border reorganizations.

       

      Eeva Rakkolainen
      Eeva Rakkolainen

      Legal Counsel

      KPMG in Finland

      We provide business-supporting solutions for tax issues. We offer transfer pricing services and help your organisation with all questions related to corporate taxation, indirect taxation, and tax matters concerning corporate transactions.

       

      Pauliina Laine
      Pauliina Laine

      Financial Services Tax

      KPMG in Finland

      A wide network of our experts at your service

      Our experts help clarify the impact of regulatory requirements on financial sector business. We also support the development of business, risk management, and reporting processes. We offer audit, tax, and legal services as well as advisory services for banking and investment services and insurance companies.

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      We combine practical insights and a multidisciplinary approach to help clients build trust and transparency.

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