Published On: Wed, May 10th, 2017

KPMG Matchi deal brings SA par with globe

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Matchi by KPMGJOHANNESBURG, (CAJ News) -THE acquisition of Matchi by KPMG is poised to provide the South African market with quick and easy access to the best global financial technology solutions.
The acquisition was announced on Wednesday.
The value of the transaction was not disclosed.
David Milligan, Matchi Chief Executive Officer, said combining the Matchi platform with the exceptional knowledge and skills of KPMG professionals created a powerful fintech resource.
Together, the companies 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,” said Milligan.
Matchi is a leading global fintech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with leading-edge financial services technology solutions and companies worldwide.
The platform includes more than 700 curated fintech solutions and a database of more than 2 500 fintech companies that financial institutions can work with to apply innovative fintech capabilities to solving their business problems and pursuing new market opportunities.
Pierre Fourie, Financial Services Director for KPMG in South Africa, said South African fintechs would be able to utilise this platform to present their solutions on an equal footing to the global banks and insurance companies.
“KPMG will also continue to invest in this platform and integrate it to other fintech service offerings. We are continuing to expand the capabilities of KPMG firms with investments and acquisitions such as Matchi,” said Fourie.
CAJ News

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