Professional services giant KPMG is building out its FinTech offering further with the acquisition of innovation and company matchmaking platform Matchi. The financial terms of the deal are undisclosed.
The Hong Kong-based company aims to connect incumbent banks and financial services firms with FinTech companies and services that can help them solve problems or pursue new market opportunities.
Matchi claims its platform counts more than 700 tech solutions and a database of more than 2,500 FinTech companies.
KPMG’s global co-lead of FinTech Ian Pollari said: “The acquisition of Matchi adds to the capabilities of KPMG firms to bring market-validated ideas to financial services clients’ toughest challenges.
“The Matchi platform offers a curated approach that is much more rigorous than fintech databases that merely provide lists.
“It is designed to identify, match and enable collaboration with the most innovative FinTechs and solutions to address specific issues being faced by financial institutions.”
Since launching in 2013 Matchi says it has connected more than 100 banks and insurance companies with FinTech innovations across fields including payments, RegTech, blockchain and P2P insurance.
Matchi CEO David Mulligan commented: “Together, we are positioned to help clients find and deploy the FinTech solutions that are most relevant to their business needs.
“We are fulfilling the promise of collaboration between financial institutions and fintech firms, which can ultimately benefit all consumers and businesses.”
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