Public events
Can Competitors Collaborate On a Common Goal?
Events - PublicStarting 28 Jul 2021 - 12:30 through to 28 Jul 2021 - 13:30
In 2020, Digital Jersey and Mesh ID kicked off a collaboration
initiative within Sandbox Jersey, which aimed to create a
solution for a common problem faced by financial services providers
in Jersey: performing repetitive client due diligence on common clients.
The project brought together key players in the corporate, legal,
fund and banking industry, with the aim to create a technology
solution that will allow them to better share key information about
clients they shared in common, in a secure and trusted way. Since
these players are in various cases direct competitors, there are many
forces at play that risk derailing the project.
It was not an entirely smooth ride, and the team at Mesh ID and
Digital Jersey often learnt the hard way how not to approach
collaboration across competing organisations. As they kicked off the
project, they discovered a competing project led by the local
government was running in parallel, they saw parties pull out at the
last minute, and discovered some new information at the last minute
that almost saw the initiative end before it started. Just to make
things a litter tougher on the team, the project was launched in
February 2020, just before the pandemic hit, meaning the team had to
adjust to a fully remote setup in a very short time.
Despite all the interesting ups and downs, the team managed to
deliver a working product by the end of the year, on time and within
budget. Gui Vohringer will present the sequence of events in the
project that led up to the launch, and illustrate some of the biggest
areas where they failed along the way, and what they learnt from the
whole experience. Next challenge? Adoption of the product with the
launch clients - Gui will briefly touch on how things are going in
this regard.
For further information and to book your place, please visit the APM website.
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