Financial Services

When modernizing the Finance function in the disciplines of accounting, regulatory reporting and financial controlling as well as at the interfaces to risk/business, we focus on two perspectives that complement each other:

• Security in and for the Finance function: Finance as a Commodity
• Value creation through and with the Finance function: Finance as a Value Creator

Selected services:

• Modernization of the Finance function -technical, procedural and organizational
• Accounting of the future
• Regulatory Reporting of the future
• Integrated performance management
• Credit@Finance, including Risk Management
• ESG reporting
• Treasury transformation, cross industry

Our Financial Services Audit department offers a comprehensive range of services tailored to meet the unique challenges and regulatory requirements of the financial sector. Our goal is to deliver high-quality audit services that provide valuable insights and help financial institutions maintain trust and transparency in their operations.


Selected Services: 

• Financial statement audits: Conducting thorough audits of financial statements to ensure accuracy, compliance with accounting standards, and regulatory requirements.
• Regulatory compliance: Assisting financial institutions in adhering to industry-specific regulations and standards, including those set by regulatory bodies.
• Internal controls review: Evaluating and enhancing internal controls to improve operational efficiency and mitigate risks.
• IT audits: Assessing the integrity and security of IT systems, ensuring they support financial reporting and regulatory compliance.
• Sustainability reporting: Providing assurance on sustainability and Environmental, Social, and Governance (ESG) reporting to meet stakeholder expectations and regulatory demands.

We provide outsourced or co-sourced internal audit services. Internal auditing strengthens the organization’s ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight. Internal auditing enhances the organization’s successful achievement of its objectives, governance, risk management, and control processes, decision-making and oversight, reputation and credibility with its stakeholders, ability to serve the public interest. In the financial sector, internal audit is a mandatory control function.

With a deep understanding of the financial  industry we provide a risk-based, value-adding internal audit which brings confidence and assurance in your company.

Selected services:  

• Risk analysis to identify and address key risk and challenges in your business.
• Designing and implementing audit frameworks aligned with best practices.
• Support to your internal audit function in areas you lack competence or resources.
• Providing internal audit services that improve operational efficiency and control. 

At Risk Modelling, we provide advanced solutions to quantify and manage risk, enabling informed decision-making and regulatory compliance. Our expertise lies in designing, validating, reviewing and auditing models that organizations within the financial sector need to meet the increased regulatory pressure on risk management.

We combine technical skills with regulatory knowledge and understanding of the model usage and requirements on governance in a broader perspective to maximize efficient use and business benefit.

Selected services:

• Development and calibration of models used for capital adequacy, solvency, accounting and risk management purposes, such as models for credit risk, market risk, operational risk, valuation, provisioning for insurance, AML and more.
• Validation and ongoing monitoring to ensure transparency and model performance.
• Individual analyses and simulations to meet specific client needs.
• Enhancing model governance frameworks to maximize business benefits, ensuring alignment with efficient risk management.

At Risk and Regulation, we specialize in helping financial institutions navigate the complex and ever-changing regulatory landscape. With deep expertise on the requirements regarding e.g., capital, liquidity, risk management, digital resilience, internal control, anti-money laundering, consumer protection, supervisory reporting and regulatory disclosure. We also have thorough experience on supervisory practices within the financial sector.

Our team enables clients to design their approach to regulatory compliance to support operational efficiency and achieving strategic objectives.

Selected services:

• Ongoing support to interpret regulations and designing of systems to ensure compliance and efficient capital allocation.
• Outsourcing of control functions relating to risk control and risk management, compliance, data protection and AML.
• Drafting applications for authorizations to provide financial services.
• Gap analyses and action plans to proactively align the business with changing regulatory requirements.

Our Risk Transformation services are designed to help organizations align their strategic vision with robust risk management and compliance practices. By combining our expertise within the risk and regulatory landscape, together with our operational transformation skills, we deliver innovative solutions that enhance governance and strengthen resilience. From navigating regulatory complexities to driving operational transformation, we partner with organizations to create a solid foundation for sustainable growth and success.

Selected services:

• Expert advice on managing the implications of regulatory changes.
• Transforming risk management and compliance programs to align with business objectives.
• Implementing and integrating advanced technology for risk oversight and reporting.
• Supporting regulatory audits with comprehensive remediation and strategy development. 

As tax laws rapidly evolve and scrutiny from tax authorities increases, tax leaders of the highly regulated financial services sector face mounting complexities and challenges. KPMG’s Financial Services Tax professionals combine robust and practical industry experience with insightful tax knowledge to offer expertise, insights, and technology to help clients navigate these complexities.

KPMG’s integrated FS Tax team combines financial services professionals with backgrounds in international corporate tax, VAT, Transfer Pricing, Mobility, and M&A to provide integrated and tailored tax solutions for financial services companies, products, and instruments such as:

• Corporate taxation, transfer pricing, and VAT services for financial companies, both domestically and internationally
• Tax advisory services related to the acquisition and sale of companies, assets, or businesses, including financing solutions
• Swedish corporate tax compliance, including reporting to the Swedish Tax Agency
• Profit allocation between head offices and branches 
• VAT pro-rata calculations
• Accounting for or payment of Swedish withholding tax on dividends
• Withholding tax reclaims and foreign tax credits
• Advice on governance such as tax policies and organization of the tax function, including related issues of transparency and sustainability
• Tax management of securities and financial instruments, including complex issues related to the interplay between accounting and tax
• Operational taxes, including compliance with CRS and FATCA
• Advice on specific taxes and fees for financial companies, such as stability fees and financial taxes

We also work closely with our FS collegues across all functions to provide seamless tax advice considering all regulatory aspects.

At Tech & Operational Transformation, we help organizations leverage technology, data, and innovation to optimize operations and empower their workforce. From strategic IT solutions to enhancing workforce dynamics, we focus on delivering agile, scalable, and people-centered transformations.

Our team combines deep expertise in technology and operations with an understanding of the human element, enabling businesses to thrive in a fast-changing world.

Selected services:

• Designing and implementing data-driven technology solutions.
• Enhancing IT infrastructure to support operational excellence.
• Workforce transformation strategies, including upskilling and organizational redesign.
• Digital process optimization for increased efficiency and agility.