KPMG acquires Fintech matchmaking platform Matchi
KPMG has announced the acquisition of Matchi, a leading global Financial Technology (fintech) innovation and matchmaking company that connects financial institutions, including banks and insurance companies, with leading-edge financial services technology solutions and companies worldwide.
The Matchi platform includes more than 700 curated fintech solutions and a database of more than 2,500 fintech companies that financial institutions can work with to apply innovative fintech capabilities to solving their business problems and pursuing new market opportunities.
Fintech companies and solutions are reviewed and undergo a curation process in order to qualify to appear on KPMG’s innovative Matchi platform. Financial institutions are able to search for a specific company or solution, or they can use the platform’s proprietary “Innovation Challenge” capability to present specific problem statements to the global fintech market and receive recommendations on solutions from fintech innovators. In this way, financial institutions are able to access and unlock the leading edge technology and deep customer insight of the world’s best fintech firms for their own operations.
This acquisition is expected to strengthen KPMG’s fintech market proposition. The Matchi platform offers a curated approach that is much more rigorous than fintech databases that merely provide lists. Its design makes it easy to identify, match and enable collaboration with the most innovative fintechs and global solutions to address the most pressing needs of clients.
Since its inception in 2013, Matchi has connected more than 100 leading banks and insurance companies with fintech innovations, including solutions in next generation payments, regtech, blockchain and P2P insurance.
“Combining the Matchi platform with the exceptional knowledge and skills of KPMG professionals creates a powerful fintech resource,” says David Milligan, Matchi CEO. “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.”
What this means for our clients
Through Matchi, KPMG delivers curated fintech solutions that have been validated in the market by global FIs, which is an important differentiator for our clients. This complements a number of KPMG’s fintech market propositions, including strategy development, fintech market scanning and experimentation.
What this means for Ghana
The acquisition strengthens KPMG fintech market proposition in Ghana and provides the local market with quick and easy access to leading global solutions. Ghanaian fintechs will also be able to utilise this platform, and the KPMG global network, to present their solutions on an equal footing to the global banks and insurance companies.