The Investment Association (IA) has opened its gates to applications for the debut cohort of its FinTech accelerator.
This accelerator aims to support the asset management industry through new technology solutions which can improve business efficiency and customer experience.
A panel of 24 senior industry leaders and digital technology specialists, chaired by Schroders chief digital officer Graham Kellen, will oversea the selection process. This group will also supply guidance on the adoption of emergent technology on front, middle and back office operations.
Applications are live until September 28, and following the close, 10 companies will be chosen to take part in the six-month program. The debut accelerator group will commence in October.
Those picked will access IA’s expertise and introductions to industry networks and potential clients. Participants will also get admission to a bespoke co-working space and mentoring from the advisory panel.
Investment Association chief executive Chris Cummings said, “The UK has a strong pool of talented FinTech firms whose solutions are key to driving innovation across the asset management industry and ensuring that we remain globally competitive.
“Velocity will unlock the potential of these firms to implement their solutions within our industry, which is ultimately to the benefit of savers and investors. We have brought together for the first a market-defining Advisory Panel which is truly representative of the asset management industry to ensure that we are selecting and developing the top talent.”
In further support to FinTech, the IA has launched a new category of membership to specifically fill the needs of FinTechs within the asset management ecosystem. Membership provides clients with access to IA’s resources and participation at industry events.
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