“Today, we can do that, but it’s a bit difficult because accessing the data is fragmented," he said. "Even if the advisor has known the client for a long time, sometimes he or she doesn’t have all the parameters. Technically speaking, finding tools and ways to help with the process information to make it work—I think that’s an area we should work on.”
The Bottom Line
Even though big enterprises have some constraints in choosing vendors and partners, they also have enough power and opportunities to keep up with the market. Acquiring or partnering with startups can become a mutually beneficial deal for them—if applied with skill.
Interviewed by Vasyl Soloshchuk, CEO and co-owner at INSART, FinTech engineering company. Vasyl is also the author of WealthTech Club, which conducts research into Fortune and Startup Robo-advisor and Wealth Management companies in terms of the technology ecosystem.