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Why are big business looking to start-ups for innovation?

Why are big business looking to start-ups for innovation?


Seven start-up practices your business can learn to become more innovative.

Why are big business looking to start-ups for innovation?

Businesses today face a market of constant instability and disruption due to significant changes in customer behavior, technology, regulation and demographics. This demands an innovative response from business otherwise they risk losing revenue and market share to more forward thinking, innovative and agile competitors. The question is no longer, why should your business innovate, but rather, in what ways are you innovating and how fast? This paper explains the difference between how big businesses and start-ups innovate, explores the business trends of working with start-ups, and provides seven practical tips to help your business innovate.

Read More: Why are big business looking to start-ups for innovation?
(2015-02-27)
Advanced analytics and AI – no longer optional for business success

Advanced analytics and AI – no longer optional for business success


 

Advanced analytics and AI – no longer optional for business success

 

Khan explains that transforming into an AI-first enterprise requires organisations to think like leaders. “It means thinking bigger and embedding data-driven technology broadly throughout the entire enterprise,” he says. “In today’s environment, AI is key to automating, accelerating and enhancing key business processes to help transform at scale and drive value.”

Read More: Advanced analytics and AI – no longer optional for business success
(2020-06-19)
Introducing KPMG South Africa’ Emerging Tech Unit

Introducing KPMG South Africa’ Emerging Tech Unit


 

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According to Shamit Govind, who heads up KPMG South Africa’s new Emerging Tech Unit, many technologies in Sub-Saharan Africa have been driven to date by large enterprise resource planning (ERP) companies. However, he believes that with the rise of niche emerging technologies, such as fintechs and agritechs, there is opportunity for more creative thinking around problem-solving.

‘In the past, you would need to take a traditional ERP approach, but at KPMG we believe those norms are no longer valid,’ he says. ‘We’re therefore taking a non-traditional approach that doesn’t look at all-encompassing or enterprise-wide problems facing businesses, but rather identifies unique issues that our clients are facing in specific areas, which we can help them to turn into value-creation.’

Read More: Introducing KPMG South Africa’ Emerging Tech Unit
(2020-02-27)
Global Fintech Hackcelerator @ Southern Africa

Global Fintech Hackcelerator @ Southern Africa


Press release

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2019 Global Fintech Hackcelerator @ Southern Africa competition winners’ announcement

Today, 29 October 2019, the South African Reserve Bank announced the 2019 Global Fintech Hackcelerator @ Southern Africa competition winners – Ukheshe and Mindbridge. The Global Fintech Hackcelerator, powered by KPMG Matchi, is a fintech acceleration programme that creates a platform for fintech firms to demonstrate their innovative solutions to complex financial challenges in the Southern African region.

Read More: Global Fintech Hackcelerator @ Southern Africa
(2019-11-01)

Benchmarking Innovation Impact 2020

Benchmarking Innovation Impact 2020


Do you have the right innovation strategies, investments, and approaches in place to drive future growth?

KPMG Report: Benchmarking Innovation Impact 2020

It can be difficult to innovate inside a large organization. So how do you create a winning strategy, assign the appropriate resources and funding, work through barriers, and deliver results? Learn how executives from 215 companies think about innovation in Innovation Leader’s Benchmarking Innovation Impact 2020 report, sponsored by KPMG LLP.

At KPMG, we know that the level of disruption and pace of change are exponentially increasing. As a result, organizations need to continuously evaluate and transform. To help you meet these challenges and assess your own innovation efforts and progress, we sponsored the Innovation Leader study to provide benchmarking data, perspectives from innovators at large companies, and KPMG insights based on work we’ve done with clients leading enterprise-scale innovation efforts.

This go-to resource provides market-leading data, examples, and inspiration. We hope that it will help you to evaluate your company and make a greater impact over time. Read it, and share the findings with your colleagues and business associates to learn how you can move the needle—whether you are designing a new initiative or refining one that already exists.

Read More: Benchmarking Innovation Impact 2020
(2019-10-10)
Global Fintech Hackcelerator @ Southern Africa

Global Fintech Hackcelerator @ Southern Africa


2 October 2019

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The top 12 innovative and sustainable fintech solutions have been shortlisted for the Global Fintech Hackcelerator @ Southern Africa. The South African Reserve Bank (SARB) will host a Fintech Demo Day on 29 October 2019 to select the two winning solutions.

In August 2019 the SARB joined forces with KPMG Matchi to run the 2019 Global Fintech Hackcelerator @ Southern Africa, an acceleration programme that creates a platform for fintech firms to demonstrate their innovative solutions to complex financial challenges in the Southern African region. Fintech firms from all over the world were invited to submit an application in response to problem statements constructed in collaboration with the SARB.

The regional hackcelerator received 95 entries from interested fintech firms located across the globe. All responding firms were validated by KPMG Matchi’s analysts and scored by a team of 24 industry executives from the following organisations: Absa, Capitec, Discovery, the Financial Sector Conduct Authority (FSCA), FirstRand Group, Investec, Liberty Group, National Treasury, Nedbank, SARB, Standard Bank, and the Technology Innovation Agency.

Read More: Global Fintech Hackcelerator @ Southern Africa
(2019-10-03)
Can you fix it?

Can you fix it?


Untangle industry issues. Solve real-world challenges. Now.

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Can you create a game-changing solution to untangle the complex challenges facing the financial services industry?

Read More: Can you fix it?
(2019-07-10)
KPMG Thought Leadership: Bringing bancassurance into the digital era

KPMG Thought Leadership: Bringing bancassurance into the digital era


Bank and insurance partners must collaborate better to digitally transform insurance delivery.

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With consumers' financial needs growing more complex - the bancassurance model remains relevant to support customers holistic needs. However, the potential for banks and insurers to combine forces, expand their reach and cross-sell their services is sometimes stunted by siloed operations and cumbersome sales and compliance processes.

Read More: KPMG Thought Leadership: Bringing bancassurance into the digital era
(2019-06-27)
Top 5 benefits of data privacy for startups

Top 5 benefits of data privacy for startups


Data privacy is essential for companies of all sizes.

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A s with any company, startups are not immune to the threat of data breaches and have a responsibility to protect their customers’ data. In fact, they face even higher consequences when things go wrong. The reputational damage caused by a breach can irreversibly affect the future of a growing company. Privitar's Privacy Pulse survey shows that 50% of consumers would trust the company less if it inappropriately uses their data.

Read More: Top 5 benefits of data privacy for startups
(2019-07-05)
Insights from Polish Open Banking Day

Insights from Polish Open Banking Day


Attending Matchi technology member firms share their perspectives on the recently held Polish Open Banking Day

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The second Open Banking and PSD2 challenge was recently hosted by the Polish Banks Association and KPMG Poland, which culminated in the 2019 Open Banking Day on 7 March in Warsaw. The 10 finalists were invited to present their solutions to decision-makers from Polish banks and insurance companies in one-on-one sessions. We asked for feedback on the event. Here’s what they had to say.

Matchi Emerging Tech Lead, Sashreka Pillay, attended the event and had this to share: “Poland is a hive of activity with key representatives in the regions advocating the opportunities which the new PSD2 regulations can bring. The Polish Banking Association and KPMG Poland teams hosted an inviting session which paved the way for insightful discussions. Findings from their report, launched at the event, underpinned the topics of conversation by esteemed panellists and speakers. Of course it was such a pleasure having excellent Matchi member firms participate in co-ordinated meetings with interested financial institutions. Their presence did well to set the tone that emerging technology was here to help.”

Read More: Insights from Polish Open Banking Day
(2019-05-28)

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