Banks & Financial Institutions

Advances in technology, digitalization and innovations are having a significant impact on financial reporting and the way the Banks and Financial institutions industry is set up. Key innovations such as Artificial Intelligence & Cognitive opportunities, Block-chain & Distributed Ledger Technology, Robotic Process Automation and Cyber Security are among the few that are likely to transform the industry.

Our high-quality audit services combine industry expertise, functional specialisation, and the ability to drive continual improvement through advanced technology. Our team of experienced auditors have stronger analytical, data science and IT skills to understand the complexity of the industry and the risks involved.

Our dedicated team of banking specialists monitors regulations, legislation, economic conditions, and trends that impact the banking industry to provide clients the best service possible whether it’s a bank audit or helping financial institutions evaluate their anti-money laundering compliance programs. Our team has the in-depth knowledge of the Banking Processes, Regulatory Requirements, Core Banking Practices and Risk Management Practices of the banking industry.

Beyond traditional audit, tax and consulting services, some of the specific ways and means Nexia SJ Tanzania can help Banks & Financial institutions include following:

• Compliance consulting regarding anti-money laundering and other regulatory requirements
• Investigations of alleged legal and regulatory violations
• Restructuring services and crisis management
• Fraud prevention and investigative services
• Assurance services
• Internal and external audit support
• Profitability reviews
• Regulatory risk solutions and Model risk management
• Cyber Security Management Systems, Awareness and Training
• Tax compliance and planning
• IT audits and Technology consulting