Financial Services / Fintech
One fintech, two destinations: 100 standalone, 100 integrated
A 200-person fintech divested out of a larger group. Half the people moved into a new standalone environment built from scratch, the other half were integrated into a corporate estate. Two target states, one separation, one date.
- Client
- Fintech acquisition (anonymised)
- Service
- Carve-out and post-merger integration
- Stage
- Divestment to Day One and beyond
01
The challenge
- —200 people leaving a group estate they shared with the seller
- —Two different destinations, each with its own controls, tooling and identity model
- —A new standalone environment had to exist before anyone could land in it
- —Corporate side had its own standards the incoming 100 had to meet
02
Our approach
01
Split the population before the systems
Agreed with the business which roles, data and applications belonged to the standalone side and which to the corporate side, so the technical work followed a settled answer rather than the other way round.
02
Stand up every business function for the standalone
Finance, HR, payroll, IT, security and customer operations all had to exist from scratch for the 100 staying independent, alongside identity, collaboration and core applications sized for the business rather than inherited from the group.
03
Change the ways of working for the integrated half
The remaining 100 moved onto the acquirer's estate, which meant new processes, approvals and tooling as much as new systems. Ways of working were redesigned and rehearsed with the teams before migration rather than remediated afterwards.
04
Exit the seller cleanly
Sequenced both migrations so transitional services from the group could be switched off on plan, with data ownership settled on both sides.
03
Outcomes
- ✓Two target states delivered from one separation programme
- ✓Standalone environment live and operating without group dependencies
- ✓Integrated population working to the acquirer's controls from Day One
- ✓Transitional services from the seller retired to the agreed timetable
Takeaway
"A carve-out with two destinations is two integrations. Decide who goes where first, and the technology work stops arguing with itself."
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