Laiye And KPMG China Announce Strategic Financial AI Partnership

KPMG China and Laiye recently announced a strategic partnership intended to accelerate intelligent automation in the financial industry. The two declared their intentions to collaborate by integrating Laiye’s AI-powered RPA technology with KPMG’s globally renowned professional services offerings in order to bring Intelligent Automation to more financial enterprises. The firms, which have been working together since 2020, are bolstered by the achievement of continuous customer success since then, with KPMG endorsing Laiye by listing the company in its 2020 China Leading FinTech 50.

KPMG, a global provider of professional services made up of independent firms in 146 countries and territories with over 227,00 employees worldwide, has a presence of 28 offices in 25 cities in China, employing around 12,000 partners and staff.

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Laiye, proffering rich experience in AI, offers an integrated suite of artificial intelligence solutions such as Natural Language Processing, Intelligent Document Processing, Machine Learning, and Chatbot. The firm has gained worldwide recognition in the Intelligent Automation sector and is committed to growing its capability as a supplier of Intelligent Automation platforms and services. Focused on helping businesses become more agile, efficient, and successful, its goal is to free people to focus on meaningful and innovative initiatives.

Guanchun Wang, Chairman and CEO of Laiye, stated, "We shall join force[s] to develop the most comprehensive solutions for customers from both the business and technology perspectives… Laiye has also gained international recognition in Intelligent Automation and is selected as a new entrant in Gartner '2021 Magic Quadrant for Robotic Process Automation.' We are committed to becoming one of the top intelligent automation platforms worldwide and this strategic alliance with KPMG will surely accelerate this journey."

With KPMG China declaring the financial sector one of its top priorities, it has been assisting an increasing number of financial companies with digital transformation in industries such as banking, insurance, and asset management. By combining digitization with technology to provide innovative services, both companies hope to work together to expand their presence in the market. As each company leverages the advantages of the other, China is likely to see a continuing growth of customer-centered Intelligent Automation solutions for financial industries and beyond.