FinTech Magazine - April 2021 | Page 41

NFP have to be very deliberate about what your communications are and make sure that you ' re communicating frequently with each other because you don ' t have the ability to just stop by someone ’ s office or serendipitously run into people in the hall to exchange ideas and thoughts .
“ You really have to be very proactive in reaching out to people and communicating . We are also consistently bringing new people into the company . So , getting those people up to speed and getting them to feel the culture is just more difficult in this environment ,” he said .
Importance of collaborations According to Goldman the hallmarks of a great collaborator or partner company is a willingness to share data . “ Securely and efficiently sharing data is a really important part of our evaluation of who to partner with . We ultimately want to be able to use the data that we have for the benefit of our clients ,” he said .
“ If we have a concern the data is going to be held up by somebody else or that there could be any impediments to us being able to analyse and use that data , we ' d be hesitant to really partner with somebody like that . If they ' re solving a problem in the value chain that we think has independent value and they ' re willing to allow us to use the data for our client ' s benefit , then I think we feel good about that from a collaboration standpoint .”
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