The innovation of fintech is not limited to retail banking, according to the UK Investment Association, which today said it would launch an accelerator for fintech starts focused on AI, ML, DLT technologies in the asset management sector.
The U.K. Investment Association is a 240-member community. The accelerator will be called VeloCity, and will be admitting two units of four to eight fintechs as participants in the program. The two areas of focus will be fintech and regtech. The program will be launched later this year.
Chris Cummings, Chief of Investment Association said in a statement today:
The launch of VeloCity will act as catalyst in speeding up the take-up of new technology in the sector and ensure that fintech firms are embedded into the asset management ecosystem.
Read More on Finextra and CityWire.co.uk.
To learn more about the latest developments in fintech investment, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to register.