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KPMG and Synerscope launch their Alliance to help businesses fight financial crime

Amsterdam, the Netherlands, May 16, 2019

KPMG (NL) and SynerScope

KPMG (NL) and SynerScope, a Dutch software scale up, today announced their alliance to offer enhanced services offerings with a focus on the Dutch financial services industry to combat financial crime through the use of SynerScope’s patented technology. SynerScope combines big data, artificial intelligence driven detection of anomalies and fraud, with strong visualizations to achieve speed in tight human-computer collaboration. The KPMG- SynerScope partnership focuses on the improvement of data-driven Customer Due Diligence (CDD), the Know Your Customer (KYC) and uncovering and blocking of money flows specifically targeting money laundering (AML) in the financial sector.

Both KPMG and SynerScope, as partners of Microsoft, look to expand their solution on the global Microsoft Azure footprint. “Microsoft encourages alliances between trusted partners like Synerscope and KPMG to fight financial crime. The combination of human ingenuity and technology can drive business relevancy in the financial services industry.” Raimond Nol, Director Financial Services Netherlands, Microsoft

Not just manpower

“To strengthen Customer Due Diligence, Know Your Customer and Anti Money Laundering form the absolute priority for financial institutions”, says Leonie de Hek, KPMG Forensic. De Hek: “tens of millions are being invested to enhance the processes, mostly by taking on more people that can check. But taking on extra people only does not have the required effect. The solution is in the combination of humans and technology. Upfront smart data analysis will ensure that people are being deployed on transactions and customers with a high risk factor.

A lot of financial institutions struggle with the large volumes and different types of data, structured and especially unstructured. By being able to process large volumes and different types of structured and unstructured data, the KPMG – SynerScope alliance is able to provide their clients insights that previously were hidden, or too time intensive to extract.

Early Detection of Irregularities

KPMGs global expertise in financial accounting and technological integration of business processes, combined with SynerScope´s robust software platforms, will provide an immensely powerful system to recognize financial irregularities through advanced Technology. “Combining the capabilities of KPMG and SynerScope will herald a major step forward in the way financial crime can be investigated”, says Jan-Kees Buenen, CEO of SynerScope. The patented technology is complementary with the current data analysis systems. Our platform distinguishes itself by being able to process raw source data and to combine all types of data. This closes the gap between data scientists and domain experts. This results in the effective use of limited capacity for identification of transactions and customer groups with a high risk.

Translation into strategic decisions

According to Buenen, the alliance will not only allow customers to truly understand and know their data, but also how to translate these insights into sound business decisions. It is the human capacity to ask questions and think in an associative manner that allows them to recognize patterns. It is precisely for this reason that subject matter experts are needed together with technology to arrive at meaningful insights in data analysis.

 


 

KPMG alliance Synerscope

About SynerScope

SynerScope is a High-Tech Dutch software company, founded in 2011 as a spin-off of Eindhoven University. The company focuses on developing techniques and products to process big amounts of complex data faster than traditional solutions. Resulting in easy to use, affordable and highly effective technology. In order to support you when you need data the most, to take important management strategic or daily operational decisions, or to show you new strategic business opportunities at one glance. The company currently employs 27 people that deliver next-generation data platform solutions Ixiwa and Iximeer.

About KPMG Nederland

Since 1917, KPMG has been offering high-quality services in the field of accountancy and advice in the Netherlands. We support organizations to make informed decisions and to excel in the world of today and tomorrow. We do this on the assumption that progress is only real progress if it is good for people and society. “People-driven progress” is our view on progress and the way in which we want to add value for our customers with our services. KPMG Nederland employs three thousand professionals located in twelve offices. The Dutch practice is conducted from Amstelveen. KPMG Nederland is part of an international network of independent KPMG offices that is managed from Canada.

For information, contact:

Ineke Swerissen
SynerScope
+31623644933
ineke.swerissen@synerscope.com

Andy Bellm,
KPMG The Netherlands
(020) 656 7039