In this podcast series, KPMG Banking and finance transformation experts discuss their perspectives on building the bank of the future and other top-of-mind topics relevant to finance groups within large banks.
Virtually every bank has started or is planning to implement a digital finance transformation program after the pandemic and virtual work highlighted the strain of legacy technology and manual processes. KPMG Partner, US Finance Transformation Practice, Allan Narkiewicz, and Aptitude Banking expert, Liza Richardson discuss current trends, drivers, and challenges around Banking transformation programs.
Bank finance departments have lagged in cloud adoption, mostly due to security concerns and an unwillingness to give up full control of the infrastructure stack. However, the case for cloud is so clear and compelling that Banks are now embracing SaaS solutions and looking to migrate core systems like the General Ledger and ERP to the cloud. KPMG Principal, Brian Anderson, and Aptitude Banking expert Liza Richardson discuss the benefits CFOs can expect from cloud solutions and how to mitigate challenges and risks.
While product subledgers have been around for a long time, today’s Bank finance teams are embracing subledgers capable of calibrating data to support detailed finance requirements. These subledgers move beyond just posting to the General Ledger and can help improve controls, automate processes, support analytics, and provide transparency. In a discussion with Aptitude Banking expert, Liza Richardson, KPMG Partner, David Fourie shares why he’s become a subledger evangelist and the role he sees subledgers playing in the Bank of the future.
