IA’s Engine signs a FinTech agreement with Canada and welcomes five new firms to join its Innovator Programme
Thursday 7 March – The Investment Association’s (IA) FinTech hub and accelerator, IA Engine, has today announced the latest firms to join its Innovator Programme, as well as a new global FinTech partnerships between Engine and Canada.
The following five firms have been chosen to join this year’s cohort, which during the six-month programme, will receive one-to-one support and networking opportunities with industry leaders.
- AM Insights is the mobile-enabled fund data platform revolutionising asset management. With data on 70,000 share classes, AM Insights facilitates distribution teams to walk into meetings with a real understanding of their offering, peers, and clients’ holdings.
- BehaviorQuant revolutionizes finance with cutting-edge behavioral science and machine learning. By providing predictive insights into investment professionals and clients, BehaviorQuant empowers advisors to effortlessly personalize their services, investment teams to make smarter decisions, and capital allocators to minimize their investment risks.
- Intellibonds is an AI-augmented SaaS platform for fixed-income portfolio managers and analysts, helping institutional investors improve investment returns and lower operational costs through intelligent automation.
- Propellant Digital leverages the most extensive dataset in Fixed Income, aggregating, normalising and cleansing MiFID, TRACE and DTCC transactional data. Propellant’s powerful analytics cut through the noise to deliver insights in trading, sales, risk management, research, market intelligence and compliance, improving trading profitability and workflow efficiency.
- Tumelo was founded with a vision to democratise shareholder voting. It specialises in pass-through voting technology for asset managers.
IA Engine has also signed a Memorandum of Understanding with FinTech Cadence, an established FinTech hub in Montreal, Canada, expanding upon IA Engine’s global FinTech network of 13 partners.
The announcements were made at the IA's EmTech Global event, which was held today at CodeNode in London, with the Lord Mayor of the City of London, Michael Mainelli, giving the keynote speech at the event.
A Blueprint for FinTech Engagement and Onboarding was also launched today. The paper provides an overview of the current FinTech landscape, the challenges and best practice of FinTech and investment management firms working with one another and the ways that all individuals involved in the ecosystem can standardise and speed up FinTech adoption.
In addition, the IA and Engine member LiCuido published a thought leadership paper, Money Market Fund Tokenisation - Collateral Opportunities, which explores the case for utilising money market fund tokens as collateral, and invites firms and stakeholders from across the industry to turn the concepts into a reality.
Gillian Painter, Head of Membership and Engine, at the Investment Association, said:
“Innovation is key to ensuring that as an industry, we remain at the top of our game in delivering for our customers around the world, and that the UK continues to be a leading global hub for investment management. IA Engine has a valuable role to play in achieving this, with the Innovator Programme having already connected our industry to 35 leading buyside FinTech firms, all of which utilising the latest advances in technology.
“I am also pleased to welcome the FinTech Cadence to our network of international partners, which share our agenda to develop innovative solutions that improve consumers' experiences."
Michael Mainelli, the Lord Mayor of the City of London, said:
“The UK has an exciting and vibrant FinTech scene, with London hosting the world’s second largest FinTech hub. Within this, IA Engine provides a valuable platform which enables FinTechs to showcase their solutions to the investment management industry and benefit from the insights of industry leaders.
“Technological innovation is vital for the investment management industry and the IA’s EmTech Global Conference provides a great opportunity for investment managers and FinTechs to discuss the latest developments and how they can be implemented to the benefit of businesses and their customers.”
ENDS
For further information, please contact:
Helen Ayres, Head of Communications: [email protected]
T: +44 (0)20 7269 4620
Arianna Schardt, Communications Executive: [email protected]
T: +44 (0)20 7269 4625
Ismail Abdi, Communications Trainee: [email protected]
T: +44 7596 872575
IA Press Office: [email protected]
About the Investment Association (IA):
- The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £8.8 trillion of assets and the investment management industry supports 126,400 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.
About Engine:
- Engine is the Investment Association’s FinTech hub, launched in 2018.
- Engine’s mission is simple: To fuel the adoption of technology within investment management, for the benefit and changing needs of clients.
- We’re working with 150+ FinTech firms and partners across the investment value chain to open tech-driven possibilities and solve the challenges faced by investment firms, both big and small.
