One of the major providers of audit, tax and advisory services in the Kingdom of Bahrain, KPMG has acquired Matchi, a global innovation and matchmaking platform that links financial institutions, including banks and insurance firms, with leading worldwide fintech companies.
Matchi has more than 700 curated fintech solutions, in addition to a database of more than 2,500 fintech companies that financial institutions can work with towards providing innovative fintech solutions to business problems and pursuing new market opportunities.
Jalil AlAali, partner and head of financial services at KPMG in Bahrain said: “Financial technology, or ‘fintech’, is changing how financial services organizations operate. We live in a fast-paced economy driven by technology advancement.Tech-savvy customers, advanced computing power, and prevalent digital connectivity mean that to grow; banks, insurance, and investment management companies need to embrace new technologies as part of their strategies. Bahrain has always been a leader in adopting new technologies, and I believe there is a promising potential for fintech industry in the country in the foreseeable future.”
For more information, read here.