IA sets out to recruit fintech firms in second Velocity round

In efforts to retain industry competitiveness

The Investment Association (IA) has reopened its calls to attract more fintech firms into its membership in further efforts to ensure the UK's asset management sector "remains globally competitive".

In the industry body's second call for application to its fintech membership category, the IA is seeking to build out its Velocity initiative, which aims to breed innovation in the asset management sector. Chancellor meets fund giants for post-Brexit strategy talks Since the October 2018 launch of Velocity the IA has recruited more than 70 fintech firms working in the buy-side market with operations across the world. Velocity has attracted firms with offerings across AI, big data, cloud-based infrastructure, distributed ledger technology and Blockchain, mobile and wealth technologi...