A new fintech accelerator program is coming to the UK

By Teamspirit on Tuesday, 20 February 2018

The Investment Association (IA) is launching a fintech incubator for the asset management industry.

The new accelerator – named VeloCity – will launch later this year with the goal of boosting innovation across the sector and increasing the adoption speed of emergent technologies.

Twice a year, VeloCity will induct four to eight fintech firms and give them the support and mentorship to turn ideas into market-ready applications.

Chris Cummings, Chief Executive at IA said: “To remain globally competitive, the UK asset management industry must be restless in its quest for innovation and reinvention. Fintech firms are a key element in this process, driving innovation across the asset management industry to the benefit of investors, savers and pensioners.”

We couldn’t agree more. At Teamspirit, we’re firm believers in the potential of fintech to transform society for the better, which is why we launched our own communication-focused fintech programme last year. Fintech Propel helps disruptive brands deliver transformative communications in a way that creates growth and drives lasting value.

You can read more about Fintech Propel here. In the meantime, we’re excited to see what comes out of VeloCity.

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