
Membrane Finance has appointed KPMG, one of the largest global audit and accounting organisations, to act as its internal auditor to improve its internal auditing capabilities and ensure strict adherence to appropriate risk management practices.
As a regulated EU-based entity overseen by the Finnish Financial Supervisory Authority, Membrane Finance must adhere to stringent regulations and internal processes. Accordingly, Membrane Finance has recognised a need to improve and continually develop its internal auditing capabilities.
KPMG, a global auditing organisation, was chosen to assist Membrane Finance in improving these capabilities. By appointing an external and independent party to work along Membrane Finance’s internal teams, Membrane Finance hopes to fast-track the development of its organisational and operational maturity while avoiding pitfalls with the help of KPMG’s cumulative global expertise.
“Internal controls are essential for an operationally heavy financial-sector business like Membrane”, comments Juha Viitala, CEO of Membrane Finance. “We recognise our need to develop these controls and related operational processes continually and are excited to have KPMG provide independent and invaluable feedback to our internal teams. KPMG’s presence will uplift the level at which we operate.”
Membrane Finance’s Board of Directors is responsible for arranging and executing appropriate risk management controls and processes. While Membrane Finance’s risk management comprises three lines of defence, a robust internal auditing function is an integral part of ensuring risks do not materialise, and that business continuity is secured at all times.
All articles

Paxos to Acquire Finnish E-Money Institution Membrane Finance

MiCA, CASPs, and EMTs – How EUROe Helps Exchanges Transition into MiCA

Membrane Finance Launches EUROe Ramp: Fiat Connectivity for Blockchain Protocols

Introducing Bridged EUROe to Scale Euro Liquidity

Membrane Finance Brings the First Stablecoin to Concordium

EUROe To Integrate Concordium – A Permissionless Blockchain with Built-In IDs

EUROe Helps CASPs & CEXes Stay MiCAR-Compliant

Obligate and Membrane Finance Join Forces to Revolutionise Debt Financing

Membrane Finance Brings the First Euro Stablecoin to Solana – Along With Card Payments

What is MiCA?

Mt Pelerin partners with EUROe to offer zero-fees on/off-ramp

EUROe Is Now Available through Woorton’s OTC Infrastructure

Lamar Olive Oil's Innovative On-Chain Bond Issuance Using EUROe

deltaDAO Facilitated a Data Market Transaction Using EUROe

Membrane Finance Launches EUROe Account API to Bridge Traditional and Blockchain-Based Economies

Membrane Finance Launches the First MiCA-Compliant Stablecoin, EUROe, on Avalanche

Membrane Finance Launches EUROe on Arbitrum One

Membrane Finance Launches EUROe on Polygon

deltaDAO, Membrane Finance, and Polygon Labs bring EUROe to the Gaia-X Web3 ecosystem as main settlement token

Stablecoin regulation within the EU remains clear amid uncertainties in the US

Membrane Finance launches EUROe on Ethereum

Membrane Finance Announces Integration with Fireblocks to Enhance Operational Security of the EUROe Stablecoin

Equilibrium backs Membrane Finance in building core EUROe systems

Runtime Verification completes a smart contract audit for the first EU-based regulated stablecoin EUROe

Nordic Law acts as a legal advisor to Membrane Finance

Membrane Finance Announces the First Regulated Euro Stablecoin EUROe and Raises a Seed Round

What are Stablecoins?
