Trintech & KPMG: Revolutionizing Finance and Accounting for Financial Institutions

In today’s fast-paced financial landscape, disruption is a certainty, not a possibility. From evolving technology to increasing regulatory pressures, financial institutions face constant challenges. To succeed, organizations must embrace agility and innovation, transforming these disruptions into opportunities for growth.

This is where the strategic partnership between Trintech and KPMG steps in. Together, we’re empowering financial institutions to modernize their finance and accounting processes, enabling them to navigate complexity and drive meaningful change.

The Disruptions Shaping Financial Institutions Today

Financial institutions are grappling with major industry-wide disruptors. Here’s a snapshot of the biggest challenges:

• Workforce Transformation: Attracting and retaining talent requires modern operating models that prioritize flexibility, collaboration, and innovation.
• Technology Evolution: Legacy systems struggle to keep up as technology advances at breakneck speed, creating urgency for modernization.
• AI, Machine Learning, and Automation: Despite the hype, adoption of advanced technologies remains limited, leading to inefficient, manual processes.
• Risk Management: Increasing internal and external pressures demand comprehensive risk frameworks that ensure accuracy and transparency in financial reporting.

Success Through a Comprehensive Ecosystem

A holistic approach is essential for successful digital transformation. Financial institutions must evaluate their current states, pinpoint pain points, and redesign processes with an end-to-end view. This includes revisiting data models, aligning systems with organizational needs, and incorporating automation to streamline regulatory compliance. KPMG and Trintech have worked with clients to deploy integrated ecosystems, including reconciliations, transaction matching, and close task management. By aligning all stakeholders and technologies, institutions achieve seamless operations and better outcomes.

The Path Forward

Modernizing finance and accounting processes isn’t just about technology—it’s about transforming the way financial institutions operate. Trintech and KPMG are here to guide organizations every step of the way, ensuring agility, compliance, and innovation. For more information on this topic, check out this recent webinar, How Financial Institutions are Modernizing Finance & Accounting, featuring Trintech’s VP of Strategic Engagement, Gayla Steiner, and Michael Brady and Christine Walton of KPMG.

Written By: Nicole Tallman