KPMG Luxembourg and Finologee have joined forces to reshape how digital regulatory compliance is delivered across Luxembourg’s financial sector. The combination of KPMG’s extensive regulatory and operational expertise with Finologee’s robust RegTech platform, KYC Manager, offers financial institutions and service providers a seamless, wide-ranging capability for mastering AML/KYC compliance.

In a market where regulatory complexity continues to rise, this initiative delivers what many have been waiting for: smarter compliance, streamlined operations, and reduced risk – all in one combined approach. More than just advisory. More than just technology. KPMG and Finologee are among the pioneering first movers in Luxembourg, working to fill the gap between strategy and execution. They offer a unique value proposition that goes far beyond traditional consulting and standalone software.

KYC Manager, Finologee’s regulatory compliance platform, used by major banking, insurance, and asset management firms, is specifically designed to increase client and stakeholder interactions throughout onboarding, lifecycle management, and distribution processes. It enables secure data exchange, automates workflows, and improves operational oversight, all while ensuring compliance with complex regulatory requirements.

The platform is built to accommodate multi-entity operations, layered teams, and complex processes, making it particularly well-suited for financial institutions that operate in highly regulated environments. Hosted and operated by Finologee under its Luxembourg Support PSF license, it requires no additional on-premise software or hardware installation, and can be accessed either via secure web browser connections or through integration with existing IT and operational systems using its APIs. 

KPMG Luxembourg acts as a strategic advisor for financial institutions looking to modernize and optimize their compliance frameworks through digital transformation. Leveraging on its extensive industry knowledge and consulting expertise, KPMG assists clients in assessing and implementing digital systems effectively.  Incorporating KYC Manager into its offerings allows KPMG to provide clients with a top-tier tool that enhances onboarding and lifecycle management, merging regulatory expertise with a secure digital platform for more effective compliance practices.

Financial institutions can reduce onboarding friction, improve the consistency and reliability of compliance data, and manage lifecycle and remediation activities more efficiently by leveraging the combined strengths of KPMG and Finologee. The combination of advanced technology and regulatory expertise significantly boosts the oversight and execution of compliance processes. This holistic approach supports the development of robust, future-ready compliance functions capable of adapting to evolving regulatory requirements and industry challenges.

“Teaming up with Finologee enhances our capacity to provide more effective digital compliance tools tailored for the financial sector, especially within the insurance industry,” said Dieter Putzeys, Partner - Tax and Advisory at KPMG Luxembourg. “KYC Manager is already being utilized by several institutions in Luxembourg’s life insurance sector, showcasing its strong alignment with the unique needs and complexities of this market. Building on this success, we see significant potential to extend its benefits to a wider array of financial institutions seeking to improve and future-proof their compliance operations.”

“We are truly pleased to partner with KPMG Luxembourg, a firm widely respected for its regulatory expertise and strong client relationships,” commented Jonathan Prince, co-founder and CSO at Finologee. “It is exciting to see our KYC Manager platform become part of such a comprehensive and sound service offering. This partnership presents a great opportunity to help more organizations strengthen their compliance protocol with a platform that is both robust and easy to integrate.”

“The partnership with Finologee positions us at the forefront of digital transformation in financial services,” said Giovanna Giardina, Partner – Forensic & Financial Crime Leader at KPMG Luxembourg. “By leveraging advanced technology alongside our regulatory expertise, we can empower financial institutions to navigate the complexities of AML/KYC compliance more effectively. Our joint efforts will enable financial institutions to streamline their operations, improve data accuracy, and ultimately enhance client experiences while ensuring robust compliance frameworks.”