Enhancing Global Access to Financial Service Innovation:
KPMG International has announced that it has become the exclusive advisory alliance partner with Matchi.biz. Through the Matchi alliance, KPMG firms globally will work with financial services clients to access the benefits of fintech innovation that is taking place globally ‐ using the Matchi platform to identify quality innovation opportunities and advising clients on how to execute and deploy new solutions into the marketplace.
Since its launch in 2013, Matchi has evaluated and brought to its platform innovations from hundreds of fintech firms, and has supported more than 50 fintech Financial Institution members who are seeking fintech solutions from outside of their organizations.
"Our alliance with Matchi answers key questions for financial institutions of how they find the right fintech, how they can better evaluate its quality, and how they engage with fintech companies, many of which are small start-ups," added Ian Pollari, Global Fintech Co-lead with KPMG International. "KPMG professionals will also be able to advise fintech firms on how they can advance their businesses, whether it's help with M&A or other ways to bring their innovations to market."
With the Matchi alliance, KPMG continues to expand its global fintech capabilities, which include innovation hubs in the US, UK, Australia, Luxembourg, the Netherlands, and Israel. "Our professionals are focused with financial institutions in areas such as marketplace lending, next generation payments, wealth management technology, and cyber security and biometrics,” said Warren Mead, Global Fintech Co-lead with KPMG International. "The Matchi Alliance will help enable greater speed and value in deploying new fintech solutions to address critical needs and opportunities."
Alternative Finance Benchmarking
In order to further develop the market's understanding of the emerging fintech sector, KPMG is announcing a research collaboration with four university partners — Cambridge Judge Business School, University of Chicago Booth School of Business, Tsinghua University Graduate School and the University of Sydney Business School, to benchmark the developments of alternative finance markets in five international regions — Greater China, Asia-Pacific, US, UK and Europe. A series of five reports will be produced over the next six months covering these geographies.
"This exciting research will greatly enhance our knowledge of fast-developing alternative finance markets in different parts of the world. This will assist policy-makers, regulators and industry in monitoring, understanding and where necessary, taking the right steps to facilitate the growth of alternative finance markets, such as marketplace lending (peer to peer lending, crowd-funding, etc)," said Mr. Pollari.
"There is a wide disparity in the development of alternative, digital finance approaches among countries, and we believe the comprehensive global study we are undertaking with KPMG will help us to better understand why this is the case," added Robert Wardrop, Executive Director, Cambridge Centre for Alternative Finance.