Accelerating its global fintech strategy, KPMG International has announced 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.”
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 in key international regions: Greater China, Asia-Pacific, the Americas and Europe. A series of reports will be produced over the next six months covering these geographies.
“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 Financial Services 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 its 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.
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Kent Miller, KPMG International
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Simon Chan, KPMG UK
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Matchi is a global innovation matchmaking platform that provides leading banks and insurance companies (Fintech Buyers) with access to a curated online showcase of the world’s best, market-ready Fintech and Insurancetech innovations. Buyer Members are able to search, view and connect with Innovator Members to establish collaborative relationships and explore new business opportunities to drive their organisation forward. Matchi analysts send regular recommendations to all Buyer Members showcasing innovations that address key focus areas for each individual client.
About KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 162,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.