Global investment house Schroders has become the first asset manager to partner with specialist benchmarking and data analytics provider The Disruption House (TDH) to assess the capabilities of new technology providers.
TDH says the aim is to “support Schroders’ innovation agenda and assist the firm in its goal of engaging more start-ups”.
“We are committed to a programme of innovation throughout the firm and are keen to work with appropriate early stage companies,” confirmed Stewart Carmichael, Chief Technology Officer at Schroders. “One of the challenges we face is having the time to evaluate all the options under consideration, when there are so many startups offering similar services. We hope that the accelerated market scanning and the company assessments will help us to identify and evaluate innovative startups quickly and effectively.”
The TDH platform helps financial institutions to assess and monitor startup counterparty risk through its TDH Scorecard program, which reviews and rates technology providers based on a range of criteria including financial performance, business model, customer service, leadership and technology solutions. It hopes that this approach can help financial institutions to feel more comfortable when selecting younger RegTech firms.
The company was founded by Rupert Bull, the former co-founder of research organization Expand Research, which subsequently sold to Boston Consulting Group, and Chris Corson, who ran both the emerging markets business and was a member of the global fixed income business at Credit Suisse.