KPMG in Singapore has announced the introduction of its Digital Ledger Services. This is a comprehensive suite of services designed to help companies, especially those in regulated sectors such as financial services, to realise the potential of blockchain capabilities such as providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs by utilising blockchain-based technologies.
As a service offered through the KPMG Digital Village, KPMG’s Digital Ledger Services include full lifecycle support – from ideation, market needs validation, business case development and the building of prototypes – to systems and operations integration, and ongoing management of a company’s blockchain infrastructure.
The lifecycle support will involve management consulting and risk consulting proficiency in financial processes with regulatory requirements in mind. KPMG’s specialised in-house coding and development will also be part of the services offered to clients.
“Blockchain has the potential to replace all business intermediaries and ensures distributed trust. Imagine a process where we on-board clients via their blockchain identities just like you would use your own social media credentials to log-in to any application or device,” said Jan Reinmueller, Head of Digital Village, KPMG in Singapore.
First appeared at Fintechnews Singapore