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The established players in financial markets - the banks, asset managers, exchanges, wealth managers and infrastructure providers - are facing a once in a generation change in market structure. Their challenge is how to address it?
Young companies, driven by this real market need, are constantly innovating and creating solutions. These are the new wave of products that can address the myriad problems within financial markets.
Regulation is increasing, the industry is deleveraging, client demands are changing, and compliance has become ever stricter.
Financial institutions have been slow to adopt new technologies while vendor management and procurement regimes are focused on contracting multi-million-dollar enterprise solutions from billion-dollar corporations.
In doing so they often overlook the innovative lower cost and highly scalable solutions offered by newer and more entrepreneurial suppliers.
Organisations know that the answers may lie in fintech yet hype and buzzwords around the subject have made it harder than ever to distil the signal from the noise.
Now is the time to cut through the noise and enable these new solutions to deal with these pressing challenges.
Established financial markets players recognise the industry change and challenges and know they need to embrace innovation.
At Illuminate we know that innovation alone is not enough.
Innovation is only one part of a three-stage process: Innovate; Validate; Adopt.
We are seeing unprecedented innovation in financial markets, and we see unprecedented demand for those solutions.
Connecting solutions to problems is imperative for financial markets to return to a state where the many challenges of cost, control, capital, compliance and core competitive advantage can be addressed.
Illuminate was founded to invest in and support the next generation of software providers by connecting them to the industry.
We cross the chasm one step at a time – we are pragmatists, not fantasists.
Our focused approach and partnerships allow us to source and back the most valuable innovations; bridging the gap between them, our partners and our broader network.
This is how the innovators secure real product validation.
With that in place, then, and only then, can we cross the chasm together to achieve adoption.