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Specialization and experience in different fields and worlds

Finance Team

A Select Team* - A diverse team of professionals in audit, tax, advisory, and technology, each with specific sector expertise, working in perfect synchrony to meet client needs.

The Finance Team at KPMG Israel provides a comprehensive suite of services to the banking and payments sector, leading in guidance, consulting, and auditing within the industry. Our clientele encompasses major banks, credit card companies, and investment houses, as well as emerging entities in the sector, including non-banking financial institutions, fintech companies, and technology giants with financial operations. Operating in a complex and dynamic financial environment that presents unique challenges, our top experts deliver services of the highest professional standard, meticulously tailored to meet your specific needs.

Regulation: Banking regulation profoundly influences the industry, covering all aspects of financial activities including credit and capital market operations, financial stability, capital and liquidity requirements, consumer services, and ESG information system management. While compliance with regulations is fundamental, the key to success lies in leveraging these regulations to gain a competitive edge.
Technology and Digitization: The banking sector has experienced significant transformations in recent years, marked by increased digitization and a shift towards open banking. Customers now expect services that are fast, immediate, and personalized.
Information Systems: Banking information systems are often unique, with many banks developing their systems in-house. Typically, a banking corporation manages several dozen different information systems, each integral to various facets of its operations.
Capital and Financial Markets: Financial innovation, the scope of operations, the uniqueness of products, and control requirements pose a unique challenge to corporations operating in this field. Specialized knowledge in economic and financial models that underlie these products, in trading and clearing processes, in control mechanisms, and in international and local standards is required.
Prevention of Financial Crimes: Leading nations, including the USA and Israel, have implemented stringent requirements for the banking and financial sector to prevent the misuse of the financial system for activities such as money laundering, financing criminal and terrorist organizations, and evading taxes. These regulations are crucial for maintaining the integrity and security of global financial markets.

Strategy: The banking sector faces strategic and organizational challenges due to technological advancements, increased digitization, evolving customer expectations, and a dynamic competitive landscape. Analyzing markets and new services, repositioning against competitors, designing customer experiences, and implementing organizational changes are integral to addressing these challenges.
Investments, Acquisitions, and Structural Changes: The shifting competitive and business environment necessitates the identification of potential investments, the evaluation of corporate acquisitions, the implementation of structural changes, and the due diligence of corporations and transactions. These activities are vital for maintaining competitiveness and ensuring sustainable growth.
Taxation: The taxation of financial entities involves complexities not found in other types of corporations. These include tax issues related to non-residents, international banking activities, compliance with foreign tax laws, as well as specific taxes imposed on financial institutions such as payroll and profit taxes. Navigating these complexities requires specialized knowledge and expertise.
Financial Reporting: Accurately measuring and reporting financial activity to investors and regulators in the banking sector demands a thorough understanding of accounting rules that are unique to the financial industry. This includes a deep comprehension of the business environment, work processes, and regulatory guidelines. Effective financial reporting is crucial for transparency and compliance.

Sectoral expertise

A dedicated and streamlined team

A unique match to your needs

Panoramic and broad perspective

Creativity and business initiative

Hila Keren Erez

Eilin Toledano

Partner

Doron Dabby

Itay Corem

Eliyho israel

Alex Rabinovich

Tal Mizrahi

Arik Nissan

Ariel Green

Danny Vitan

Elad Frohlinger

Ori Shinar

Liron Ben-Yosef

Ilanit Edsman

Evgenia Kremer

Yosi Biton

Yael Ben Shalom

Salit Dagan

Lidor Rozentzvaig

Ofer Golan

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KPMG Somekh Chaikin, an Israeli partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee
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