Laiye, KPMG China Collaborate on Intelligent Automation

Artificial intelligence (AI) firm Laiye and KPMG China are working on a new product to help boost intelligent automation for the finance industry, according to a press release.

Laiye’s AI-powered robotic process automation (RPA) tech will be integrated with KPMG’s professional services, the release stated. The goal is to empower more businesses. The two companies have been partners since 2020.

“KPMG’s consulting service is top notch in a wide range of industries such as banking, insurance and securities,” said Laiye Chairman and CEO Guanchun Wang in the release. “We shall join force to develop the most comprehensive solutions for customers from both the business and technology perspectives.”

KPMG China Head of Management Consulting Reynold Liu said in the release that the company has been dedicated to digital transformation and innovation in tech, and it has been building a large-scale digital center to integrate research and development (R&D) capabilities to create more digital solutions.

“With Laiye’s AI integrated suite of intelligence solutions such as chatbot, natural language processing (NLP), intelligent document processing (IDP) and machine leaning (ML), we expect to explore more and provide profound insights to the industry,” Liu said in the release. “KPMG also attaches great importance to the development of local partners, and we hope to help partners thrive not only in China but globally.”

In August, KPMG Spark, a business unit of KPMG’s working on connecting small- to medium-sized businesses (SMBs) with bookkeepers, partnered with Bill.com to automate bill pay.

Read more: KPMG Spark to Use Bill.com for Automated Bill Pay Services

KPMG Spark Chief Operating Officer Timothy Stiles said at the time that Bill.com was chosen as a platform to “provide our clients with a secure, easy-to-use, real-time, and cost-effective solution for their automated bill pay needs.”