After nearly three years at Bank Leumi, Dorel Blitz has taken a new role as the Head of Fintech of KPMG’s Israel office. For Blitz, the role continues his involvement with fintech and the evolution of technology for improving the financial industry.
Blitz had been the Innovation Manager for Bank Leumi. The role consisted of working on the creation of technology systems for internal use, as well as working with external partners. Taking a leading position in the fintech sector, Bank Leumi helped foster the local startup environment by partnering with the Elevator Fund for the launch of a fintech based accelerator, sponsoring contests for innovative banking technology and cultivating relationships with the international fintech market.
Arriving at KPMG, Blitz becomes the Head of Fintech of the Israeli division of the Big Four accounting firm. Blitz explained to Finance Magnates that in his new role he will have several main tasks. Internally, Blitz will be providing information about the fintech sector and startups to KPMG Capital in order to assist them in their investments in this area.
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In addition, Blitz will be tasked with assisting KPMG auditors. He explained that as an auditor, the firm has established many multi-year relationships with both local and global firms around the world, and that KPMG often “knows their businesses better than they do”. As part of this work, KPMG often provides assistance to their clients in terms of recommendation activities that can improve their efficiency and grow their business.
In the world of fintech, this includes providing their clients with advice on financial technology that they can integrate as well as assisting them with contacts to grow their businesses. In regard to startups, Blitz provided an example where KPMG can leverage its global experience and relationships to help a newcomer with traction in their local market to expand internationally.
With the new role, Blitz explained that he expects to continue to be involved with fintech startups, and a person for them to pitch their innovations to.