Schroders has appointed a firm to screen start-up firms that it may work with on innovation.
Stewart Carmichael, chief technology officer at the firm, said the appointment of The Disruption House (TDH) was partly due to the lack of time to evaluate the large number of start-ups.
“We are committed to a programme of innovation throughout the firm and are keen to work with appropriate early stage companies. One of the challenges we face is having the time to evaluate all the options under consideration, when there are so many start-ups offering similar services,” he said.
TDH said Schroders was the first asset management business to use its TDH Platform and TDH Scorecards to assess the capabilities of new technology providers.
TDH describes itself as a specialist benchmarking and data analytics business for early-stage and developing financial services technology providers.
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