NEW YORK, Jan. 19, 2015 /PRNewswire/ -- KPMG International has been recognized as a Leader in the IDC MarketScapes for the banking (IDC MarketScape: Worldwide Business Consulting Services for the Banking Industry 2015 Vendor Assessment, January 2015, Doc# FI253532), capital markets (IDC MarketScape: Worldwide Business Consulting Services for the Capital Markets Industry 2015 Vendor Assessment, January 2015, Doc# 253549), and insurance (IDC MarketScape: Worldwide Business Consulting Services for the Insurance Industry 2015 Vendor Assessment, January 2015, Doc# 253461) industries.
The IDC MarketScape studies assess the capability and business strategy of business consulting firms with global scale, positioning them according to IDC MarketScape analysis and buyer perceptions.
Relative to other consulting firms evaluated, the IDC MarketScape assessments found KPMG firms to be consistently viewed as the strongest or most capable in a number of areas for each of the industries, including:
- Directly improving clients' overall commercial performance
- Delivering value-creating innovation
- Maximizing the value of a project
- Challenging corporate culture
"We are very pleased to be named as a leader in business consulting to the financial services industry by the IDC MarketScape," said Jeremy Anderson, Chairman, Global Financial Services, KPMG International. "In all of the sectors assessed by the IDC MarketScape – banking, capital markets, and insurance – meeting the needs of clients requires a broad range of disciplines, with innovative thinking around use of data and technology, as well as expertise in understanding organizations, culture change, and training. These are areas KPMG professionals are focused on with clients across the financial services industry."
According to IDC, a significant component of the IDC MarketScape assessment model is the inclusion of business consulting buyers' perception of both the key characteristics and capabilities of the consulting providers. "As one would expect of a market leader, KPMG performed very well on this assessment," noted the IDC MarketScape.
"We find the IDC MarketScape assessment to be very consistent with what we hear from clients," said David Sayer, Global Sector Leader, Banking, KPMG International. "All of the areas identified in the assessment are extremely important, and being highly perceived in helping clients comply with regulations is especially gratifying. The rapidly changing regulatory landscape is at the top of the agenda for the banking sector."
"The IDC MarketScape assessment reflects the critical ways KPMG firms support clients in the capital markets, with not only deep insight into their business operations and capabilities in areas such as big data, but also with the important ability to provide industry insights, transfer knowledge, and provide the necessary spectrum of services, working effectively with the client's teams," said Michael Conover, Global Sector Lead, Capital Markets, KPMG International.
"The IDC MarketScape assessment positions KPMG in the 'Leaders' category in terms of capabilities for the insurance industry," noted Gary Reader, Global Sector Lead, Insurance, KPMG International. "It reinforces our strategy of focusing on innovation and the disruptive forces impacting the sector, and engaging with leading insurance companies as they respond to market changes that are transforming their businesses."
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About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear
framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of vendors can be meaningfully compared. The framework also provides buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 162,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
SOURCE KPMG International