FinTech Magazine December 2019 | Page 26

LEGAL & GENERAL FUTURE VENTURES
26 partners . The team has a rigorous selection process , according to Sean O ’ reilly , Head of Technology Innovation : “ We like to specify one of our Harry Potter problems and to set it as a challenge for a number of potential partners in the shape of a five minutes RFI . We ’ ll expect a presentation on potential solutions in as little as week with a one to three minutes video on how easy our problem can be solved . Watching the video , we can discard solutions in five minutes . Afterwards , we collaboratively develop the solution with our partners and ultimately spread it across the business . What ’ s really important from our perspective is that we don ’ t support people forever . We introduce the problem followed by the technology , but then take a step back and expect people to take it forward . Collaboration is key throughout the process .”
To date , the Future Ventures team at L & G has achieved spectacular results in a short period of time . It is rare to find such an innovative and disruptive mindset in large corporations but the spirit that Ectors and his colleagues
DECEMBER 2019