Big 4 firm announces global fintech acquisition

Matchi, a leading global fintech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, has been acquired by KPMG International.

“The acquisition of Matchi adds to the capabilities of KPMG firms to bring market-validated ideas to financial services clients’ toughest challenges,” said Ian Pollari, global co-leader of fintech, KPMG International.

“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.”

Financial institutions will be able to search for a specific company or solution, or they can present specific problem statements to the global fintech market and receive recommendations on solutions from fintech innovators.

KPMG plans to add new features and functionality to the Matchi platform in the coming months.

“Financial institutions increasingly recognise the value in identifying and partnering with fintech companies around the globe who have already demonstrated an ability to commercialise their efforts,” said Mr Pollari.

“Finding fintech companies who are pre-validated helps to reduce risks and can accelerate time to market. KPMG financial services professionals are helping clients to navigate through the ‘noise’ of the rapidly changing fintech environment and take advantage of emerging technologies that can enable new business models and strategies.”