KPMG, BitGo and Coin Metrics Launch Open Blockchain Risk Management Proposal – Bits Media

KPMG, Bitgo and Coin Metrics announced a joint release of a set of products to identify and manage risk in open blockchains. The proposal includes the Coin Metrics Coin Farum Chain Fusion.

According to the statement of companies, "Deeply integrated combined proposal", intended for institutional investors, Combines the services and product of the Chain Fusion from KPMG, Bitgo storage technology and Coin Metrics Analytical products.

Coin Metrics also announced a commercial launch of a new set of Farum products, providing BitGo clients with the opportunity to track and manage risks in blockchains. Farum will provide users with tools to identify network attacks, reorganization of transactions, risks of instability of the commission and risks of unusual network events.

The combined offer of companies is the result of a strategic partnership between KPMG and Coin Metrics, which was formed in October 2020 of the year. Companies plan to provide data, Analyst and cryptocurrency services to support the growth of institutional investment in industry.

The firms said, that their proposal also “reduces the implementation cycles” of products, At the same time, providing financial institutions with new opportunities through the use of experience in systemic integration, risk management templates and compliance with legislative requirements.

“This marks a significant step forward in combining the basic possibilities of storage, analysts, risk management and compliance with laws through an integrated decision ", - said the head of the cryptocurrency direction KPMG Arun Gosh (Arun Ghosh).

Gosh added, what, In his opinion, Farum is a new tool for public blockchain analysts, which changes the principles of institutional risk management.