KPMG International acquires fintech innovation and matchmaking firm Matchi

KPMG International has acquired global fintech innovation and matchmaking platform Matchi that connects financial institutions like banks and insurance companies, with leading-edge financial services technology solutions and companies worldwide.

Having over curated fintech solutions, Matchi boats a database of more than 2500 fintech companies that financial institutions can work with for innovative fintech collaborations to solve their business problems as well as inventing new solutions.

Matchi said that acquisition brings a tremendous opportunity combine its specialist knowledge, skills and passion for driving innovation forward whilst supporting the clients around the world to successfully navigate the fintech environment.

“Combining the Matchi platform with the exceptional knowledge and skills of KPMG professionals creates a powerful fintech resource. 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,” David Milligan, CEO of Matchi, said.

The official announcement stated that new features and functionality are being planned for the Matchi platform in coming months.

The fintech companies, to qualify and appear on the KPMG’s innovative Matchi platform, will undergo a curation process. Financial institutions can access and unlock the leading edge technology as wellas customer insight of best fintech firms in their operations, by searching for a specific company or solution.

“The acquisition of Matchi adds to the capabilities of KPMG firms to bring market-validated ideas to financial services clients' toughest challenges,” Ian Pollari, Global Co-leader of Fintech at KPMG International, stated. “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.”