KPMG acquires fintech platform

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KPMG International has announced the acquisition of Matchi, a global fintech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with fintech companies worldwide.

“Financial technology, or ‘fintech’, is changing how financial services organizations operate,”.Jalil AlAali, Partner and Head of Financial Services at KPMG in Bahrain said, “The platform is now available for Bahrain fintech companies who want to offer their capabilities to financial institutions globally and for Bahrain based financial institutions to source relevant fintech solutions globally”  

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 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. 

Ian Pollari, Global Co-leader of Fintech, KPMG International said, “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 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.