Thursday, 25 April 2024

IMAS launches global fintech directory for investment management industry

5 min read

The Investment Management Association of Singapore (IMAS) is proud to launch the region’s global fintech directory for fund managers, facilitating investment managers who are in search for fintech solutions.

Adoption of cutting-edge technologies such as artificial intelligence (AI), blockchain, and automation are quickly becoming a staple for asset managers looking to gain competitive edge. Technological integration has increased efficiency in investment decisions, risk management, and portfolio optimisation, helping asset managers adapt to the dynamic and volatile market environment.

The IMAS Fintech Directory has unique features that matches asset managers to fintech solution providers with ease, linking them to compatible firms that can address their specific pain points as well as introducing new use cases that can help drive innovation.

Asset managers can submit industry problem statements and search for curated fintech solutions catered for their specific challenges directly through the IMAS Fintech Directory.

The IMAS Fintech Directory allows cross comparison between fintech solutions as it has a comprehensive database of global fintech profiles, with submitted reviews from fellow asset managers who have worked with the respective fintechs. This provides users with available options in the market, increasing transparency and streamlining the decision-making process.

Carmen Wee, CEO of IMAS, said: “The asset management industry has made significant strides since 2019 when IMAS kicked off our Digital Accelerator Programme (DAP) to encourage greater digital adoption by the industry. The DAP was run by an association in Asia to encourage and discover fintech solutions for the asset management industry. We are very pleased that this Fintech Directory can continue to help bring fintechs and asset managers together, propelling the industry towards greater innovation.”

Fintechs can make use of the IMAS Fintech Directory to gain visibility in the asset management industry and establish connections with fellow fintechs. Being able to browse industry problem statements will allow fintechs to better their understanding of industry gaps and innovate efficiently.

Elsa Pau, group CEO and founder of BlueOnion, one of the fintech companies listed on the directory, said: “The IMAS Fintech Directory will further enhance our impact by reaching fund managers and investment professionals across Asia.”

According to 2023 Tech Cities Index published by Savills World Research, Singapore has claimed fourth place on the global list. According to Savills, Singaporean fintech companies garnered the most substantial venture capital investment totaling $34 billion between 2019 and 2022.

Beyond the IMAS Fintech Directory, the association has been at the forefront of fostering digital innovation and adoption within Singapore's financial ecosystem.

Re-disseminated by The Asian Banker

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