Dorel Blitz Heads from Bank Leumi to Head of Fintech at KPMG

After nearly three years at Bank Leumi, Dorel Blitz has taken a new role as the Head of Fintech of KPMG’s Israel office. For Blitz, the role continues his involvement with fintech and the evolution of technology for improving the financial industry.

Blitz had been the Innovation Manager for Bank Leumi. The role consisted of working on the creation of technology systems for internal use, as well as working with external partners. Taking a leading position in the fintech sector, Bank Leumi helped foster the local startup environment by partnering with the Elevator Fund for the launch of a fintech based Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term, sponsoring contests for innovative banking technology and cultivating relationships with the international fintech market.

Arriving at KPMG, Blitz becomes the Head of Fintech of the Israeli division of the Big Four accounting firm. Blitz explained to Finance Magnates that in his new role he will have several main tasks. Internally, Blitz will be providing information about the fintech sector and startups to KPMG Capital in order to assist them in their investments in this area.

In addition, Blitz will be tasked with assisting KPMG auditors. He explained that as an auditor, the firm has established many multi-year relationships with both local and global firms around the world, and that KPMG often “knows their businesses better than they do”. As part of this work, KPMG often provides assistance to their clients in terms of recommendation activities that can improve their efficiency and grow their business.

In the world of fintech, this includes providing their clients with advice on financial technology that they can integrate as well as assisting them with contacts to grow their businesses. In regard to startups, Blitz provided an example where KPMG can Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its global experience and relationships to help a newcomer with traction in their local market to expand internationally.

With the new role, Blitz explained that he expects to continue to be involved with fintech startups, and a person for them to pitch their innovations to.