KPMG, a major provider of advisory services, today announced that it has completed its acquisition of Hong Kong-based matchmaker platform Match, which connects financial institutions with carefully vetted fintech firms worldwideMatchconsultancy firm did not disclose the financial details of the transaction.
Featuring more than 700 curated fintech solutions and a database of more than 2,500 fintech , the Match platform allows institutions to search for a specific company or product, or to present specific problems to the fintech community and receive recommendations.
The financial services take advantageMatchtch’s Innovation Challenge feature by issuing a specific business issue or problem on the platform and seeing which are interested in pursuing a solution.
Since its inception in 2013, Match claims to have played matchmaker for more than 100 leading banks and insurance worldwide, helping firms deploy a variety of technologies ranging from payments to the blockchain.
IaPollardri, Global Co-leader of Fintech at KPMG International, commented on the acquisition: “The acquisitionMatchtch adds to the capabilities of KPMG firms to bring market-validated ideas to financial services clients’ toughest challengesMatchMatch platform offers a curated approach that is much more rigorous than fintech databases that merely provide lists. It is designed to identify, match and enable collaboration with the most innovfin techsntechs and solutions to address specific issues being faced by financial institutions.”
David MiMatch, Match CEO, added: “Together, we are positioned to help clients find and deploy the fintech solutions that are most relevant to their business needs. We are fulfilling the promise of collaboration between financial institutions and fintech firms, which can ultimately benefit all consumers and businesses.”