Greensill Collapse Exposes Gap at Heart of Its Technology Claims
Company’s technology capabilities were limited
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Lex Greensill promoted his business as the future of finance, talking up a technology superior to Wall Street rivals that allowed him to lend at super-low rates based on real-time information.
But former staff at Greensill Capital, as well as others familiar with its computer systems, paint a very different picture of the technological abilities of the lender.