The Guest – Toby O’Rourke, CTO at FundApps
Toby is the Chief Technology Officer at FundApps, a fintech software company providing automated compliance monitoring services to some of the world’s largest asset managers, hedge funds, and investment banks. With over 15 years of experience in software engineering, Toby has led agile teams and most recently designed consumer-facing, high-volume, transactional systems for the online cash gaming industry.
What does scaling a business mean?
Scaling happens across different intervals. You might be scaling your team’s size or the number of services you offer. You might also be scaling your number of customers, which would require you to scale your teams in order to meet the demand.
If not done right, scaling can cause more harm than good. Without proper strategies and communication, many companies lose their culture as well as their team’s trust.
In this episode, we look into ways to avoid such setbacks, and answer questions such as:
- What are the different scaling models companies can follow?
- How can companies ensure their approach to scaling is responsive to change?
- What can be done to protect a company’s culture while scaling fast?
Did you have a specific strategy about how you are going to scale FundApps?
“Yes we did, but did we have a 50-page strategy document or playbook? Absolutely not. Obviously, as organisations and software systems grow, the demand for complexity grows… So, what really happens is, the size of the problem space gets bigger than one person can keep in their head. So, once we realised that, we started thinking how can we break it down in a sensible fashion so that any one person can keep everything they need to do their day job in their head… We came up with some rules of thumb on how to break things down further, and it treated us reasonably well. ”
Toby O’Rourke, CTO at FundApps
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