For general partners (GPs), investing huge amounts of capital now comes with heightened risks. They are paying extra costs and looking to capture value that may not materialise post-close. To address this, Rosanna Woods, UK Managing Director at Drooms, suggests that the most effective GPs are scaling up their strategies by investing in diligence.
Banks are increasingly behaving like FinTechs, and some have even started partnering with them. The digital transformation, in which FinTechs have played a prominent role, has brought with it new cognitive technologies and macro forces such as blockchain and the digital experience, which are continuously shaping all areas of banking.
The legal industry faces ever-increasing demands from clients for faster services and accurate results. An obvious response is to adopt the time-saving and efficiency-driving technologies that are widely available and being incorporated into many other industries.
Drooms, Europe’s leading virtual data room provider, recently introduced the first virtual data room with blockchain technology. This combined with its use of artificial intelligence has won the company a 2018 European Property Finance Award in the Innovator of the Year category.
Blockchain has been synonymous with crypto currencies for some time but its range of applications and roles in the wider digital transformation are now much more fully understood. This is certainly true of the financial industry, which is gradually shaking off its legacy systems and incorporating this revolutionary technology into an ever-growing number of uses.