SC VENTURES
chain platform , TASConnect through to retail plays like mobile-first Shoal .
“ Shoal , our venture for retail customers to invest exclusively in green and sustainable projects , had significant complexity . We engaged Hi Mum ! Said Dad on strategy , design , and delivery of a superior platform . They collaborated with us to take a rough idea on a PowerPoint slide to a successful market launch . From digital bank to this retail platforms , they always prioritise the customer experience ,” says Neumann .
He adds that SC Ventures looks to our build partners to help not only access the best talents , but also take their input on solutioning for these new technology enabled business models . By example , the robustness of TASConnect in financing US $ 7bn of accounts payable invoices in its first 12 months .
“ It enables us operationalise quicker and deliver a more impactful minimum viable product , the MVP , as our first milestone . As a result , what I ’ ve found is that we ' ve moved away from a traditional corporate vendor engagement model and prioritise partnerships . This allows us to work with individuals placed by our partners who hold the right attitude and show commitment . As Forrester Research describes it , we ’ ve moved from product to outcome-oriented engagement .”
“ It wouldn ' t be so much as competing with the existing banking business as much as it would be creating a novel , focused customer experience , which can differentiate itself in the market ”
THORSTEN NEUMANN CHIEF TECHNOLOGY OFFICER , SC VENTURES
Boldly taking on new opportunities The corporate CVC covers multiple activities across investment fund , in-house venture building , fintech engagement and intrapreneurship , setting it apart from industry peers . Neumann feels that it is the sum of the parts that give SC Ventures a unique strategic advantage .
“ Performing just one of these activities independently is unlikely to achieve our
40 August 2022