Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

36411

Fidelity becomes first asset manager to sign Fintech Pledge

RELATED TOPICS​

Fidelity International (Fidelity) has become the first asset manager to sign the Fintech Pledge, demonstrating its ongoing commitment to digital innovation.

The Fintech pledge, which is part of a wider fintech strategy across the UK and  is supported by HM Treasury and the Fintech Delivery Panel, sets world-leading standards to accelerate the growth of the UK’s fintech sector by promoting valuable partnerships between financial institutions and tech scaleups.
 
By becoming a signatory, Fidelity has committed to adhering to the pledge’s five principles, ensuring a productive relationships with prospective fintech partners:

Provide clear guidance to technology firms on how the onboarding process works through a dedicated online landing page

Provide clarity to tech start-up firms on their progress through the onboarding process

Provide a named contact, guidance and feedback

Encourage good practice and improvement

Commit to implementing this process six months from signing this pledge and providing bi-annual feedback in the first year

Fidelity has extensive experience investing in new and emerging technologies, through Fidelity International Strategic Ventures, a dedicated venture capital team set up to invest in fintech businesses and technologies.

Alokik Advani, Managing Partner, Fidelity International Strategic Ventures, says: “Engaging with start-ups is a vital component for our business and allows us to continue to drive forward our efforts to incorporate technological innovations for our clients.  We will continue to embrace new and exciting technologies and look forward to partnering with yet more start-ups in the future.  Fidelity International is delighted to be supporting the Fintech Pledge and are proud to be leading the way for the asset management industry.”

Examples of partnerships already underway include SteelEye, the compliance technology and data analytics firm. Fidelity is using SteelEye’s data platform to comply with a range of obligations for both oversight and regulatory purposes.

In addition, Fidelity International has partnered with Moonfare, the leading digital investment platform for high quality private markets funds, to let its clients access private market funds. Under the agreement, through its digital platform Moonfare will provide access to private market strategies for Fidelity’s institutional and wholesale clients. This partnership addresses an increasing demand from investors aiming to achieve attractive returns by adding alternative investment strategies to their portfolios.
 

Latest News

GAM Investments and Sun Hung Kai & Co, a Hong Kong-based alternative investment firm, are..
PwC’s Global Entertainment & Media Outlook 2024-28, covering 13 sectors across 53 countries and territories,..
London-based Nickel Digital Asset Management (Nickel) writes that it has delivered a record first half..

Related Articles

Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by