What happens when Challengers outgrow their start-up tech?

We often see Financial Institutions that have gone to market, their product market fit is great, their business is growing fast, but now they are struggling to scale. Not that it can’t scale but the the technology is suddenly costing a lot more – a lot more hardware and infrastructure is required. So this is where we find scaling businesses looking at cloud solutions. And by this we mean cloud-native solutions, not a monolithic older technology that has been virtualised – as they can’t achieve cost effective scale. By adopting a flexible cloud native eco-system approach it is possible to scale on those parts of the technology that are under strain and add new technology for new products and services as they are needed.

Nelson looks at what this really means and how adopting new technology can smooth the path to growth.