Wednesday, October 11, 2017 12.45PM / The Disruption House
Focus Areas Include; Client Servicing, Legal & Compliance
(RegTech), And Data Management - Created In Conjunction With 18 Early Adopter
Financial Firms
Following
the successful launch of the Fintech Scorecard Service, The Disruption House
(TDH) today announces the availability of three Capital Markets Clusters. These
are the first in a series of domain specific models, created to pinpoint key
business areas their 18 partner financial firms are focusing upon as part of
their overall transformation initiatives.
The
first Capital Markets Clusters include; Client Servicing, Legal &
Compliance (Regtech) and Data Management. Further Clusters covering different
domains will be released in the coming months.
Created
in conjunction with the early adopter banks, each individual Cluster maps their
businesses’ detailed functional requirements. The Disruption House tags all the
Fintech’s it identifies, against these Clusters, enabling TDH, in partnership with
our panel of financial institutions to then reach out to these Fintech’s to
explore participation in the scorecard process.
Rupert
Bull, CEO and Co-Founder of The Disruption House said, "We were very
encouraged by the interest and support we have received from our partners, all
of whom contributed to the production of the Capital Markets Model and the
first three prioritised Clusters. What this confirmed is the enormous appetite
within financial firms to engage with new Fintech providers. Not only have the
Capital Markets Clusters enabled the banks to crystallize very specific
requirements in these key areas, but we also believe they will help to
accelerate earlier adoption of the Fintech solutions.
This
process has been invaluable, as it has validated our entire approach and we can
now share tangible and substantiated data on the current state of play within
the banks, with the Fintechs themselves. The release of the Cluster models is a
further demonstration of TDH's cast iron commitment to fast-track Fintechs into
positive engagements with their target clients, and to broaden international
access for all parties."
The
Fintech Scorecard, which has been developed in consultation with
nine financial institutions, assesses at a company level their reliability,
adaptability, scalability, leadership capabilities and future partnership
qualities. It acts as a first pass filter to identify the strengths and
weaknesses as well as overall potential a service or technology provider can
deliver.
The
technology assessment evaluates and scores software to help potential users
anticipate the experience they can expect from their implementation and use of
the proposed solutions.
The
analysis process is based on extensive research into the performance of small,
technology focused, growth companies and is performed by a team of industry
experts from The Disruption House, and their strategic partner, eCo Financial
Technology.
An
early adopter of the Fintech Scorecard service, John Davies, Chairman,
Kompli-Global concluded.
"A
very simple idea, very well executed. One of the biggest challenges for the
incumbents is finding a set of rules for measuring each of the new providers
and gaining an understanding of their limitations before engagement. On the
other hand, for the Fintech providers, this helps with business modelling and
highlights potential weakness within the existing commercial or business offering
before they are exposed to the customer. Having personally overseen a number of
ISO processes accreditations as well as the TDH Fintech scorecard service, we
really appreciate the value they bring in terms of ensuring everyone within the
organisation is focused on best practice processes and delivering positive
outcomes. TDH helps to set the standard for both the financial firms and the
Fintech providers alike. It's a win, win situation all round. Highly
recommended."
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