Bridging the collaboration gap
Global investment in fintech stood at $51.8 billion in the first half of 2024. This was the lowest level recorded since the first half of 2020, according to accountancy firm KPMG.
Against a challenging market backdrop, promising start-ups are struggling to find a route to market and financial institutions have an even greater need to ensure they are making informed and smart decisions.
Finbridge Global helps tackle this issue. Its global platform allows financial institutions to quickly source, assess and compare an extensive array of fintech solutions but goes beyond a simple directory.
Finbridge’s proprietary intelligent assessment engine offers a streamlined approach to accessing a fintech’s capacity to effectively and efficiently deliver results, providing a dependable, uniform and impartial method for evaluation as well as real-time feedback and in-depth analysis.
Assessments can be tailored to company preferences and project requirements, resulting in a substantial reduction in research and procurement timelines for financial institutions and dramatically expediating their Request for Information (RFI) processes. This means firms can partner with the right fintech and help to propel them forward.
When financial institutions are empowered to quickly identify and nurture growth opportunities, the whole financial services industry benefits. It was this shared belief in the power of collaboration to fast-track the future of financial services that forms the basis of Industrial Thought’s partnership with Finbridge.
Fast-tracking the financial services industry
Industrial Thought aims to drive industry transformation by creating a complete suite of data, platform, and marketplace services that enhance capabilities and accelerate innovation. It believes that by helping start-ups get the funding and support they need, complacency is quashed, and the financial services industry is pushed to be the best it can be.
“One of these start-ups could be the next FNZ or Avaloq,” said David Pirrie, chair of Industrial Thought, “Finbridge’s platform helps get promising fintechs off the ground and when start-ups are nurtured, the next generation of products and services are created and we as an industry become more dynamic.”
The oldest company within the Industrial Thought group is investment tax specialists Financial Software Ltd (FSL). Founded in 1994, FSL simplifies the process of investment tax management, analysis and reporting. Its flagship product, CGiX, is trusted by leading members of the UK’s wealth and investment community to accurately calculate their taxable wealth. Though today CGiX stands out as a market leader, the early days for FSL weren’t easy.
“Securing funding and our first partners was no easy feat, despite the strength of our solution. Had we had a platform like Finbridge’s things could have been much easier for us,” explained Pirrie.
Barbara Gottardi, CEO and Founder of Finbridge Global, added: “As David has explained, our industry can reap major benefits from technology innovators. Yet, while most of these organisations are keen to engage fintechs, they struggle to get the information they need to establish trust. Our platform simplifies the process, promotes transparency, and ultimately facilitates progress.”