KPMG, the international accounting firm, has launched an encrypted asset management tool aimed at institutional users

Law firm BlockBeats News, one of the big four international accounting firms, KPMG; Recently announced the creation of a set of tools designed to provide tightly managed cryptoasset services for traditional financial companies and fintech start-ups.

For institutional clients, KPMG's new Chain Fusion product enables clients to manage data in accordance with regulations on financial reporting, security and handling requirements. The suite allows these customers to collect and organize data from traditional systems and blockchain databases, the company announced Monday.

KPMG assets encryption service team supervisor and joint leadership Sam Wyner said: "a bank with dozens of systems are not rare... encryption company have similar problems, they are based on block chain system with traditional system has essentially different, they are behind the infrastructure and traditional systems are fundamentally different." "The same question is" How do you connect all the blockchain-based systems to traditional systems and do it in the way that the company is trying to do it?"

Wyner declined to say how many companies have started using Chain Fusion, saying only that KPMG is discussing the product with "multiple clients or potential clients."

The original address: https://www.coindesk.com/big-4-auditor-kpmg-crypto-asset-management-tools

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