KPMG Forms Exclusive Alliance with Fintech Platform Matchi 

KPMG has issued a press release to inform that it has become the exclusive advisory alliance partner with Matchi.biz, the innovative fintech matchmaking platform that connects banks and insurance companies with financial services technology start-ups and innovations sourced from across the globe.

Through the Matchi alliance, KPMG firms globally will work with financial services clients to access the benefits of fintech innovation that is taking place globally – using the Matchi platform to identify quality innovation opportunities and advising clients on how to execute and deploy new solutions into the marketplace.

“Fintech is revolutionizing the financial services landscape and it has created a new marketplace for innovation,” said Jeremy Anderson, Chairman, Global Financial Services, KPMG International. “Matchi is at the forefront of identifying breakthrough fintech ideas, and through our alliance, KPMG firms will now use the Matchi platform and Matchi’s wider, global fintech communities in advising clients on the optimal innovations to help deliver on their strategic initiatives.

Since its launch in 2013, Matchi has evaluated and brought to its platform innovations from hundreds of fintech firms, and has supported more than 50 fintech Financial Institution members who are seeking fintech solutions from outside of their organizations.

“We are delighted to join in this new alliance with KPMG,” said David Milligan, Matchi CEO. “Our Members now have access to KPMG’s extensive network of financial services professionals with on-the-ground experience in 155 countries to not only advise them in the fintech innovation matchmaking process and also in deploying new technologies.”

“Our alliance with Matchi answers key questions for financial institutions of how they find the right fintech, how they can better evaluate its quality, and how they engage with fintech companies, many of which are small start-ups,” added Ian Pollari, Global Co-lead of KPMG’s Fintech practice. “KPMG professionals will also be able to advise fintech firms on how they can advance their businesses, whether it’s help with M&A or other ways to bring their innovations to market.”

With the Matchi alliance, KPMG continues to expand its global fintech capabilities, which include innovation hubs in the U.S., UK, Australia, Luxembourg, the Netherlands, and Israel. “Our professionals are focused with financial institutions in areas such as marketplace lending, next generation payments, wealth management technology, and cyber security and biometrics,” said Warren Mead, Global Co-lead of KPMG’s Fintech practice. “The Matchi Alliance will help enable greater speed and value in deploying new fintech solutions to address critical needs and opportunities.”

Alternartive Finance Benchmarking

In order to further develop the market’s understanding of the emerging fintech sector, KPMG is announcing a research collaboration with the Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School and its academic partners – the Polsky Centre for Entrepreneurship & Innovation at University of Chicago Booth School of Business, Tsinghua University Graduate School at Shenzhen, and the University of Sydney Business School – to benchmark the developments of alternative finance markets. A series of reports will be produced over the next six months covering key regions, including Greater China, Asia-Pacific, the Americas and Europe.

“This exciting research will greatly enhance our knowledge of fast-developing alternative finance markets in different parts of the world. This will assist policy-makers, regulators and industry in monitoring, understanding and where necessary, taking the right steps to facilitate the growth of alternative finance markets, such as marketplace lending (peer to peer lending, crowd-funding, etc.),” said Mr. Pollari.

“There is a wide disparity in the development of alternative, digital finance approaches among countries, and we believe the comprehensive global study we are undertaking with KPMG will help us to better understand why this is the case,” added Robert Wardrop, Executive Director, Cambridge Centre for Alternative Finance.

KPMG’s Global FinTech Practice

KPMG’s Financial Services practice has identified fintech as a key strategic priority for clients globally. In order to enhance the ability to serve financial services clients, as well as fintech companies, it has launched the global fintech practice that will coordinate and leverage international investment activity and capability development across KPMG member firms. Warren Mead and Ian Pollari, partners with KPMG in the UK and KPMG in Australia respectively, have been appointed as global co-leads of the practice, along with a leadership team including partners from countries including the U.S., U.K., Israel, China & Hong Kong, India and Australia.

Source: KPMG – KPMG Forms Exclusive Alliance with Matchi

 

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