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KPMG acquires worldwide FinTech platform, Matchi

KPMG has acquired Matchi, a worldwide FinTech innovation and matchmaking platform that connects financial institutions and companies worldwide. The Matchi platform includes 700 curated FinTech solutions and a database of 2,500 FinTech companies.

KPMG has worked with Matchi since 2015 the new platform allows financial institutions to search for a specific company or product, or to use the proprietary “Innovation Challenge” to present specific problems to the FinTech community and receive recommendations regarding solutions.

Warren Mead, global co-lead of FinTech at KPMG UK, said: “Through 2015 and 2016, a total of $ 71bn was invested in FinTechs globally as traditional financial services companies increasingly recognised tech innovation as the best way to remain relevant, manage compliance and cut costs. Firms can’t possibly filter the thousands of FinTechs on the market so KPMG’s Matchi platform will help them block out the noise and focus on what will work.”

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