KPMG Launches Innovation Center in New York and Acquires FinTech Firm Matchi

KPMG Launches Innovation Center in New York and Acquires FinTech Firm Matchi

Professional services and big four auditing firm KPMG recently announced the launch of a new innovation center in New York aimed to help serve clients build better technology-based solutions.

Specifically, the company hopes this workspace — called “KPMG Ignition” and combining KPMG’s “Innovation Lab,” “Insights Center, and “Technology Solutions” into a centralized location — can advance work in disruptive sectors, data, and analytics

The center will be populated by data scientists, developers, designers, researchers, and consultants, according to KPMG. Collectively, they will be looking for signals of change in various industries, researching trends, and trying to unlock business model innovation.

This will be KPMG’s third center of this nature, with one already operating in the SoHo neighborhood in Manhattan and another located in San Francisco. According to John Farrell, national managing partner of innovation and enterprise solutions of KPMG, the goal is “to provide clients an environment where they can pressure-test new ideas, engage in unconstrained thinking exercises, and experiment with the latest technologies available to produce tangible results and drive change.”

Earlier this month, the professional services giant also acquired Matchi, a fintech “matchmaking” platform that strives to connect like-minded financial institutions with fintech companies.

The two companies began a partnership in 2015 and, according to the company, Matchi has linked more than 100 banks and insurance companies with fintech firms specializing in everything from digital payments and regtech to blockchain and peer-to-peer insurance.

“Combining the Matchi platform with the exceptional knowledge and skills of KPMG professionals creates a powerful fintech resource,” said David Milligan, chief executive officer of Matchi. “Together, we are positioned to help clients find and deploy the fintech solutions that are most relevant to their business needs.”

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