Episode 105: Improving the Fund Industry Using Technology with Kevin Walkup of Harmonate

Kevin Walkup, CEO at Harmonate talks about bringing technology and change to a very traditional industry. His company works with the funding industry. It is an industry that is very risk-averse and extremely careful about handling the finances of its investors.

Regulatory pressure and the demand for transparency are factors on the horizon that are fueling the changes in the industry. Walkup says that this makes it the right time to implement technology and automation. Their initial client was able to reduce process times from two weeks to 24 hours. In an industry where 99% accuracy still isn’t enough, this greatly relieves financial pressures.

Walkup shares his startup journey and is a big proponent of working as a team. He attributes their success to hiring the right people. On the other end, he also insists that maintaining the right relationships is crucial to success. He cites an example where a previous client became the company that helped get his startup off the ground. 

Walkup also shares that as long as you have the fundamental business principles right, then you can succeed in any industry. These principles are doing things in the right order; hiring the right team; having discipline and rigor around corporate mechanisms; and having values such as transparency. 

Startup founders looking to change traditional industries will find this discussion very inspiring. 

• Email - kwalkup@harmonate.com

• Website - https://harmonate.com

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