In the age of hyper-competition, disruptive innovation is a linchpin for growth, and the financial industry is no exception to this rule. Until a few years ago, financial institutions relied upon a closed innovation model that leveraged in-house research and development teams and internal technology infrastructure to launch new products and services; but the entry of FinTechs combined with new technologies, stringent regulations, and market forces have changed the way banks look at innovation. Underpinned by co-creation, the concept of open innovation has led to strategic and tactical alliances in the financial sector to unlock value for the business, innovation partners, and customers.

Private markets funds are leading the way in sustainability but with new regulatory measures, a changing investor profile and increasing due diligence, Matthew Luff explores how an interoperable approach to ESG data management can make all the difference, and form a vital tool in the private fund managers’ toolkit.

The PwC UK Forensic Services team will use our ORCA Platform to power the next generation of their “RADAR” service offering.