3 ms·

To me the scope seems rather narrow, and the technical requirements about on par with a mailing list.

• scarejunba 7y ago
  Their sole innovation over that is that they realized neutrality and being a third party is valuable because of regulation. Haha, this is pretty clever.
  • FabHK 7y ago
    Similarly, there is a business computing custom indices that a bank uses in products. The bank is perfectly capable of computing the index itself, but it needs to be handled by a third party that is paid handsomely to just re-calculate what the bank already calculated.
    • adw 7y ago
      One example of that is Markit Group, which had revenue of $1.5bn/yr when it merged with IHS in 2016 at an implied valuation of roughly $5.5bn. Best London startup of the last 25 years, including DeepMind, not close. https://en.wikipedia.org/wiki/Markit https://en.wikipedia.org/wiki/Markit Being a trusted third party is frequently an amazing business, if you can earn or negotiate your way there.
  • djsumdog 7y ago
    For this to work, don't they have to be the exclusive means of getting stock information for a bank? So everyone who owns bank stock in a bank that uses banclist must agree to use it to get all shareholder disclosure information?
    • mpmpmpmp 7y ago
      Probably the opposite. Bank signs deal with banclist, notifies shareholders official information disclosures will only be done through banclist.