KPMG's Michael Henry To Discuss Use Of Digital Labor To Transform Regulatory Compliance At MarkLogic World 2016

"The current approach to comply with regulations such as Know Your Customer (KYC), the Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), and the Comprehensive Capital Analysis and Review (CCAR) is costly, inefficient, time consuming and error prone," said Henry. "Using digital labor to automate the regulatory process provides substantial improvements, including significant cost reductions, increased efficiency and accuracy, and a clear audit trail that regulators require."

Henry is the general manager for KPMG's global automated platform business for compliance and regulatory reporting, which uses natural language processing, big data, and sophisticated rules engines to drive straight-through processing and enhanced performance for regulatory and tax compliance work. Henry has helped many financial services organizations transform their businesses to improve performance.

For more information on how KPMG can help automate the regulatory and tax compliance processes, please click here: https://home.kpmg.com/us/en/home/insights/2016/06/transforming-client-onboarding.html

About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 174,000 professionals, including more than 9,000 partners, in 155 countries.

About MarkLogic World 2016
More than 500 executives, customers and partners sharing best practices integrating, managing and leveraging data are expected to attend MarkLogic World London, June 13-15 at the Institution of Engineering and Technology (IET). Attendees will gain new insights into how organizations are transforming their businesses by using the MarkLogic® Enterprise NoSQL database to integrate data from silos. http://world.marklogic.com/locations/london-2016/

Contact: Pete Settles    
KPMG LLP               
201-505-6065             
732-546-4212
[email protected]   

Photo - http://photos.prnewswire.com/prnh/20160612/378241

SOURCE KPMG