March 27, 2023
Acin named as finalist for RegTech Partner of the Year at the British Banking Awards 2023
London, 2 March 2021: The Investment Association (IA) has today revealed the latest cohort of FinTech firms joining the Engine Innovator Programme, the IA’s specialist FinTech accelerator and innovation hub for the investment management industry.
Following a thorough selection process, the following five leading FinTech firms were selected by the Engine Advisory Panel for their innovative solutions, focused on enhancing business efficiency and the customer experience across investment management:
The latest cohort was announced at today’s IA EmTech Futures event, which featured a keynote speech from the Lord Mayor of the City of London, William Russell, and a presentation from Bim Afolami MP. There were also panel discussions with representatives from firms who previously participated in the IA’s FinTech accelerator programme.
Gillian Painter, Head of Membership and the Engine at the Investment Association, said:
“Covid-19 has shown the art of the possible when it comes to tech adoption. The pandemic also serves as a reminder of how investment managers are pursuing technological avenues to help resolve the business challenges not just of the day, but also future-proofing for the changing needs of our clients.
“That’s why I’m delighted to congratulate Acin, Auquan, ESGi, Jacobi and Net Purpose on successfully securing a place in the latest Engine cohort. They will now join Engine’s firmly established community of FinTechs with deep links across the investment management industry, on their mission to drive innovation and ensure our industry remains world-leading.”
Paul Norris, Head of Asset Management at Acin, commented:
“There is a significant untapped opportunity for asset management firms to enhance their operational efficiency and avoid unnecessary costs. By putting data front and centre of their operational risk management, they can remove subjectivity, understand emerging risks and streamline decision-making. Our proven expertise in digitising operational risks and sharing intelligence will be invaluable for the asset management industry.”
During the six-month programme, which is currently scheduled to conclude in September 2021, the FinTech firms will benefit from unparalleled access to the IA and industry expertise, and will gain valuable exposure to industry networks and potential clients. Participants also benefit from mentoring from the industry-expert Engine Advisory Panel, which helps firms unlock their potential and implement solutions throughout the industry.
Since the launch of the IA’s FinTech accelerator and innovation hub in 2018, the Engine has successfully worked with three cohorts of innovators and now has over 140 FinTech firms benefiting from Engine ecosystem.
Acin is a SaaS company that is pioneering the global standard for operational risk management. Acin uses a blend of digitisation technology and data science to transform operational risk management from a manual, qualitative and piecemeal discipline, to one that is automated, quantitative and robust.
Our accessible platform digitises operational risk and connects organisations together in a peer-to-peer network, ensuring their risks and controls are complete, effective, efficient and calibrated to the market. This equips customers to continually improve how they manage operational risk, and in turn safeguard their reputations, reduce their costs and build their individual and collective resilience.
Acin’s platform can be rolled out across an entire organisation and is already used by many of the world’s most significant investment banks. It has received widespread industry recognition, including the American Financial Technology Awards 2020, Regulation Asia Awards for Excellence 2020, UK FinTech Awards 2020, and was named as one of the most innovative RegTech companies in 2019 and 2020.