Thu, Nov 21 2024
Today saw the announcement of new global FinTech connections between Engine and Canada, as well as the latest companies to join the Investment Association's (IA) FinTech center and accelerator, IA Engine.
The following five businesses have been selected to be a part of this year's cohort. Throughout the six-month program, they will be provided with one-on-one assistance and opportunity to network with prominent figures in the industry.
In addition, IA Engine has expanded its worldwide FinTech network of 13 partners by inking a Memorandum of Understanding with FinTech Cadence, an established FinTech hub in Montreal, Canada.
The Lord Mayor of the City of London, Michael Mainelli, gave the keynote address at the IA's EmTech Global event, which took place today at CodeNode in London, where the announcements were announced.
Today also saw the release of a FinTech Engagement and Onboarding Blueprint. An overview of the current state of FinTech, best practices and obstacles for FinTech and investment management firms collaborating, and methods for standardizing and accelerating FinTech adoption by all stakeholders in the ecosystem are given in this paper.
Furthermore, a thought leadership paper titled "Money Market Fund Tokenization - Collateral Opportunities" was released by LiCuido, an IA and Engine member. It examines the rationale behind using money market fund tokens as collateral and extends an invitation to companies and industry stakeholders to implement the ideas.
"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," stated Gillian Painter, Head of Membership and Engine at the Investment Association. IA Engine is a key player in this, having previously introduced our sector to 35 top buyside FinTech companies through the Innovator Programme, all of which make use of the most recent technological developments.
"Welcoming the FinTech Cadence to our network of global partners is another pleasure I have, as they share our goal of creating cutting-edge solutions that enhance the customer experience."
"The UK has an exciting and vibrant FinTech scene, with London hosting the world's second largest FinTech hub," stated Michael Mainelli, the Lord Mayor of the City of London. IA Engine is a useful platform that helps FinTechs present their solutions to the investment management sector and get knowledge from prominent figures in the field.
"Investment managers and FinTechs can discuss the latest innovations and how they can be applied to benefit businesses and their customers at the IA's EmTech Global Conference. Technology innovation is vital for the investment management industry."
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