A FinTech start-up.
An early-stage FinTech business looking to extricate itself from its parent company’s systems faced complex and potentially existential risks.
Lab49 managed the successful separation, accommodating a diverse range of operational, technical, and financial pressures.
Striking out alone
A start-up FinTech firm sought to separate from its parent company, a Tier-1 investment bank. The migration away from a bank’s existing IT infrastructure is not only a potentially high-risk process, but also a time- and cost-intensive endeavor for nascent FinTech firms, requiring adherence to strict technical, operational, and financial guidelines.
An agile approach to a complex separation
Lab49 partnered with the start-up to assist with its spin-out from the bank, utilizing our expertise in agile delivery management to ensure a seamless separation across its range of operations. This involved developing technical, operational, and financial analyses, a target technical architecture, and detailed migration strategies for each business area and executing the combined plan through different forms of intervention variously taking place on daily, weekly, and monthly bases.
Hitting the ground running as an independent entity
With Lab49’s support, the start-up successfully completed its strategic spin out program on time and on budget, migrating each constituent project in a cost-effective and timely fashion.
Lab49 has a proven track record among leading institutions in program set-up and governance, agile delivery management, and testing.
The digitalization of financial markets is transforming service distribution and demanding innovation.