KPMG, a big four accounting firm, has launched a cryptocurrency and blockchain-related product suite, according to a press release from the group.
The suite is called KPMG Suite Fusion, and is described as “a patent pending suite of advanced analytics capabilities, built on leading cryptoasset data & technology products to streamline the ability for financial services companies and fintechs to offer cryptoasset services on an institutional scale.”
According to this release, the group has unique services and offerings that improve significantly upon the traditional financial market. KPMG Suite Fusion will focus on data aggregation, customer account management, and AML/security measures.
The goal, of course, was to ensure the company’s clients have more control over regulations and financial reporting tools, ensuring that they can be as productive as possible.
Speaking on the matter is Sam Wyner, the director and co-lead of KPMG Cryptoasset Services:
“Regulators and auditors expect fully implemented controls and processes within and across a cryptoasset business – whether they are cryptoasset or traditional systems or anything in between. If you are a blockchain or digital asset based business, you will have separate systems for everything. There is a fundamental difference in technologies required to integrate– whether it be a permission or permissionless blockchain or a traditional front, middle and back office system.”
On top of this, JPMG Chain Fusion will be able to integrate into more traditional systems, making them more accessible to all.