Launched in 2013, Matchi.biz is aiming to become the eMarketplace for matching financial firms with new innovative banking and capital markets platforms. As a marketplace, the platform includes an array of participating registered banks and fintech startups with ready or close to deploy solutions. According to Matchi, there are over 50 connected financial institution members that are connected to the platform.
Adding a partner for the marketplace, KPMG International has announced that they have signed an exclusive advisory alliance with Matchi. Under terms of the deal, KPMG will be using Matchi to identify potential solutions for their financial services customers as well as providing consulting of deployment opportunities.
For KPMG, the partnership is part of their current operational goal of increasing their support in the growing fintech sector. As the sector evolves and new technology both assists and poses a threat to incumbents, providing consultancy services around fintech products has become a growing market to KPMG and others.
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In addition to partnering with Matchi, KPMG also announced that they have entered a research collaboration with Cambridge Centre for Alternative Finance at the University of Cambridge and its university partners. The collaboration will be involved in researching alternative finance markets such as crowdfunding and P2P lending to create benchmarks for the industry.
Commenting on their partnership with Matchi, Jeremy Anderson, Chairman, Global Financial Services, KPMG International stated “Fintech is revolutionizing the financial services landscape and it has created a new marketplace for innovation. Matchi is at the forefront of identifying breakthrough fintech ideas, and through our alliance, KPMG firms will now use the Matchi platform and Matchi’s wider, global fintech communities in advising clients on the optimal innovations to help deliver on their strategic initiatives.”
David Milligan, Matchi CEO added “Our Members now have access to KPMG’s extensive network of financial services professionals with on-the-ground experience in 155 countries to not only advise them in the fintech innovation matchmaking process and also in deploying new technologies.”