DIY Investor Magazine
| August 2017
13
Big business often requires big change too and the
commercial risks in an established business rather than
an emerging business are different; this has a large
impact on culture, behaviour and eventual success.
The emergence of the “innovation centre” using
personnel from an established business alongside
people from startup back-ground can be a great melting
pot.
The change in fintech mindsets to ‘steal the pie’ has
changed in the past 18 months to a more collaborative
approach with established operators.
TECHNOLOGY HAS WIDENED ACCESS TO INVESTMENTS AND
BROUGHT COSTS TO A FAIRER LEVEL
It’s interesting to speak to product development
executives in established firms and see their roadmaps
for the coming 24 months.
Many are very similar with projects on new products
where there are already many on the market.
Some roadmaps simply have compliance and regulatory
projects on them given the scale of rule changes in the
pipeline.
Others are missing gaps and that is where fintechs can
steal a march. We’ve seen a gap and we’re working to
fill it at speed.
Lawrie Chandler is the founder of
a new
platform to bring fractional ownership to everyday
investors that need income.
