Finance is KPMG Israel.

We offer our clients in the financial sector a comprehensive suite of services, supporting their growth amid the unique challenges of the industry. Our consulting teams excel in core financial areas including credit, payments, and financial instruments. They are leaders in innovation, digitization, and computing, and specialize in building robust risk management infrastructures and navigating complex financial regulations.

The department operates several divisions:

Regulation Department

Regulation plays a critical role in shaping the industry, being both complex and pervasive across all activities. Our Regulation department guides our clients through the intricate regulatory landscape, providing assistance in the following areas:

• Licensing procedures with various financial sector regulators
• Optimal implementation of regulatory requirements such as capital adequacy and liquidity requirements
• Compliance with requirements and expectations regarding ESG, Sustainable finance
• Privacy protection
• Strategic regulatory consulting

Finance and Analytics Department

This division specializes in providing financial analytics and insights, empowering organizations to make informed decisions through data-driven strategies. It utilizes advanced analytics tools to conduct predictive analysis and scenario modeling, which are essential for sustaining competitiveness in the rapidly evolving financial landscape.

Compliance and Forensics Department

This department specializes in areas of financial crime, focusing on anti-money laundering (AML), counter-terrorism financing, crypto-related customer activities, and compliance with regulations governing cross-border activities. It provides assistance to our clients in the following areas:

• Risk management and compliance in payment services
• Compliance in AML and cross-border activities (FATCA, CRS)
• Investigative audits in the field of financial crime
• Money transfers originating from crypto

Fintech Department

This department is dedicated to helping fintech companies navigate the unique challenges of the financial world. It supports the complex integration of fintech solutions into established financial corporations and assists financial institutions in evaluating new technologies and systems. The department offers support in the following areas:

• Supporting fintech projects in implementing technologies in financial corporations both domestically and internationally
• Acquisition and merger of fintech companies
• Comprehensive accompaniment of banks and financial corporations in the complex processes of upgrading information systems
• Assistance in replacing information systems, including setting parameters for system selection, evaluating alternatives, and guiding the system replacement and data conversion process

Regulation and Risk Management in the Insurance Department

This department assists insurance companies in dealing with complex challenges they face, including in regulatory areas, solvency, and risk management. It provides assistance to our clients in the following areas:

• Implementing and maintaining compliance with regulatory standards related to insurance operations
• Solvency assessments and ensuring that insurance operations are adequately capitalized to meet potential claims
• Risk management processes that identify, assess, and prioritize risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events
• Designing and implementing risk management strategies and processes to ensure that risks are managed efficiently, in line with business strategies and regulatory requirements.

Actuarial Department

The Actuarial Department is an expert in both the practice and theory of actuarial calculations. It supports our clients by executing actuarial calculations, assessing the control framework of this sensitive area, and conducting data analysis. The department offers assistance in the following areas:

• Preparation for the implementation of IFRS 17, the accounting standard that is changing the face of the industry
• Performing independent actuarial calculations
• Examining the actuarial assumptions underlying the calculations
• Reflecting actuarial aspects according to accounting standards