Global Fintech Report 2019 – The Workforce of the Future
UNDERSTAND THE TECHNICAL RISKS
Global Fintech Report 2019 – The Workforce of the Future
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“ Getting involved with prospects at an early stage and in a holistic manner can be an effective method for stymieing elements of investment risk ”
finance has grown because “ startups realised they didn ’ t have the scale or customer trust to compete with long-established FS ( financial services ) organisations head-on , while FS looked to FinTech partnerships to help strengthen operational efficiency and boost innovation .”
UNDERSTAND THE TECHNICAL RISKS
Although a desire to invest in the latest technology and digital tools is often what motivates most VCs , they must nevertheless be careful to thoroughly understand the methodology and application of innovations instead of just their potential benefits . Has the tech startup created a product or service which fulfils a core need in the market or is it simply working with an exciting but currently impractical technology ? Additionally , when innovations are genuinely disruptive they can fundamentally alter FS norms and therefore must be scrutinised
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