Live Webinar – July 28th 2021 7:30 am – 8:30 am EST
Live Webinar – July 28th 2021 12:30 PM – 1:30 PM BT
Activity Type: Education – Course or Training  1 Hour  1 PDU
Provider: Association for Project Management – APM

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.

Presenter: Gui Vohringer (LinkedIn profile) is the co-founder of Mesh ID. Mesh ID creates verified corporate identities, helping corporations identify themselves with their financial services providers as easily as showing a passport at the airport. Gui has worked in the financial services industry for 15+ years in various technology and operations leadership roles. Gui has one foot in the world of technology and the other on a strategic level. Recently, Gui has led a Jersey-based and regulator backed working group of leaders in the fund management / administration, banking and legal sectors in the creation of a blockchain-based ‘know your customer’ information.

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Can Competitors Collaborate On A Common Goal?

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