KPMG Collaborates With Appway - Creating Digital Country Manuals to Improve Cross-border Compliance
ZURICH, Aug 28, 2013 (PR Newswire Europe via COMTEX) --
ZURICH, August 28, 2013 /PRNewswire/ --
KPMG partners with Appway [http://www.appway.com ], the global leader in client onboarding solutions, to enhance its Country Manuals - one of the key services KPMG [http://www.kpmg.com/CH/en/Pages/default.aspx ] provides its banking clients as part of its cross-border service [http://www.kpmg.com/CH/en/industry/Banking/Pages/Cross-Border-Banking.aspx ].
Due to increasing regulatory demand for transparency, many banks are being forced to adjust their business models and seek expert specialist advice in order to remain compliant. KPMG, who has a presence in over 140 countries, has developed a package of services and tools for its clients to support them in the area of cross-border suitability. The service includes specific Country Manuals that assist Relationship Managers in ensuring the legality of their interactions with foreign clients and prospects, to guarantee compliance with specific cross-border banking regulations.
According to Micha Bitterli, Director at KPMG Financial Services "Looking at the increasing pressure to comply with existing regulations, and the pipeline of upcoming ones, the next few years will see a lot of changes in the regulatory environment. Being close to our clients and delivering information and expertise to enable compliant business activities is therefore of paramount importance to KPMG. Now, thanks to the capabilities of Appway's client onboarding solution, we have a joint offering that enhances the access to our Country Manuals and highlights new revisions and information for our clients. This solution brings us one step closer to our clients and ensures that they have the latest guidelines at their fingertips."
Appway's cross-border suitability solution has transformed KPMG's Country Manuals from static business policies into a highly interactive application. Relationship Managers, Market Heads, or the Marketing Department can quickly search the relevant manual to determine which client interaction is legal outside of their countries. KPMG can also easily revise and update the Country Manuals in the Appway Cross-Border Suitability Solution, ensuring compliance with foreign law at all times. The KPMG Country Manuals are currently available for 54 countries through KPMG's cross-border services electronic platform.
Appway is the global leader in client onboarding solutions for the finance industry. Established in 2003, the Swiss company is headquartered in Zuerich with offices in New York, Hong Kong, Singapore Lugano, and Geneva.
Appway Numcom Software AG
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