24 September 2017
visit www.avoka.com

KPMG launches Canadian distributed ledger service

15 September 2016  |  7584 views  |  0 toronto

The Canadian arm of KPMG is looking to cash in on the blockchain goldrush through the launch of a suite of services designed to help banks realise the potential of distributed ledger technology.

Financial firms around the world are rushing to harness the power of distributed ledger tech in the hope of faster and more secure transactions, streamlined and automated back office operations, and lower costs.

Canada's big five - BMO, Cibc, RBC, Scotiabank and TD - are all part of the R3 blockchain consortium, through which they have worked with the country's central bank on a DLT proof of concept that uses a digital fiat currency dubbed Cad-Coin.

Professional services giant KPMG is promising full lifecycle support - from strategic qualification and business case development to relevant use-case development, systems and operations integration, and ongoing management of clients' blockchain infrastructure.

The firm says that its offering combines management consulting and risk consulting proficiency in financial processes with regulation as the backbone. It is also pitching KPMG's specialised in-house coding and development.

An added bonus sees KPMG expand its alliance with Microsoft, with the tech firm providing its blockchain as a service platform, helping clients move to the cloud for storage, while adopting disruptive blockchain technologies.

"Through this collaboration, we are combining KPMG's proficiency in business transformation and wide-ranging services with Microsoft's industry-leading cloud technologies and business solutions," says Yvon Audette, Canadian IT advisory leader, KPMG.

"In turn, this will allow companies to improve their scale, agility and gain valuable insights across the enterprise to quickly make well-informed decisions, and meet changing customer demands."
KeywordsCLOUD

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclays executes live Letter of Credit transaction using distributed ledger technology

Barclays executes live Letter of Credit transaction using distributed ledger technology

07 September 2016  |  11114 views  |  2 comments | 30 tweets | 38 linkedin
R3 signs up BM&FBovespa as first exchange member

R3 signs up BM&FBovespa as first exchange member

06 September 2016  |  4823 views  |  0 comments | 5 tweets | 5 linkedin
UBS wins big bank backing for Utility Settlement Coin concept

UBS wins big bank backing for Utility Settlement Coin concept

24 August 2016  |  11019 views  |  0 comments | 20 tweets | 24 linkedin
Transaction confidentiality tops blockchain security concern for banks

Transaction confidentiality tops blockchain security concern for banks

17 August 2016  |  7955 views  |  0 comments | 14 tweets | 12 linkedin
Finextra paper explores blockchain as an enabler of operational resilience

Finextra paper explores blockchain as an enabler of operational resilience

25 July 2016  |  9161 views  |  0 comments | 12 tweets | 11 linkedin
House of Lords asks BofE deputy governor: Time for 'Britcoin'?

House of Lords asks BofE deputy governor: Time for 'Britcoin'?

15 July 2016  |  8135 views  |  0 comments | 12 tweets | 6 linkedin
KPMG mLabs to spur fintech innovation with Australian mutuals and credit unions

KPMG mLabs to spur fintech innovation with Australian mutuals and credit unions

12 July 2016  |  6353 views  |  0 comments | 9 tweets | 6 linkedin
Bank of Canada trials blockchain-based digital dollar

Bank of Canada trials blockchain-based digital dollar

16 June 2016  |  15574 views  |  3 comments | 33 tweets | 33 linkedin
Bank of Canada ponders bitcoin's effect on monetary policy

Bank of Canada ponders bitcoin's effect on monetary policy

17 November 2015  |  11244 views  |  0 comments | 16 tweets | 10 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.temenos.comdownload the paper now

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13316 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9574 views comments | 13 tweets | 28 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8564 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8268 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8037 views comments | 32 tweets | 45 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job