KPMG International has announced the acquisition of Hong Kong-based global fintech innovation and matchmaking platform, Matchi.

KPMG International is adding another notch to its belt following the acquisition of leading fintech platform firm Matchi, which provides a database of more than 2,500 fintech companies and 700 curated fintech solutions.

KPMG global co-leader of fintech, Ian Pollari, said the acquisition would help the audit giant to increase its base knowledge of alternative finance contacts.

“The Matchi 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 innovative fintechs and solutions to address specific issues being faced by financial institutions,” he said.

“The acquisition of Matchi adds to the capabilities of KPMG firms to bring market-validated ideas to financial services clients’ toughest challenges.”

Post its inception four years ago, the Matchi platform has connected multiple leading banks and insurances firms with fintech enablers to facilitate payments, regtech, blockchain, and peer-to-peer (P2P) lending solutions.

“Financial institutions increasingly recognise the value in identifying and partnering with fintech companies around the globe who have already demonstrated an ability to commercialise their efforts,” Pollari said.

“[This is] helping clients to navigate through the ‘noise’ of the rapidly changing fintech environment and take advantage of emerging technologies that can enable new business models and strategies.”