KPMG forms exclusive alliance with fintech platform Matchi.
KPMG International has announced an exclusive advisory alliance with Matchi.biz, a 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 across the MESA region and 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 revolutionising the financial services landscape and it has created a new marketplace for innovation," said Suhael Ahmed, who leads KPMG's Advisory practice in the Middle East and South Asia. "Matchi is at the forefront of identifying breakthrough fintech ideas. Through our alliance, KPMG firms will now use the Matchi platform and Matchi's wider, global fintech communities when 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 seeking fintech solutions from outside their organisations.
"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 but 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 should engage with fintech companies, many of which are small start-ups," added Lesley Horne, who heads the financial services advisory practice in the UAE. "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 in 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 and the Netherlands. "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 Rajesh Prasad, a director in KPMG's advisory practice in the UAE. "The Matchi alliance will help add speed and value when deploying new fintech solutions to address critical needs and opportunities."
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|Date:||Sep 1, 2015|
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