Investment Association adds first FinTech member to boost buy-side engagement

Addition of RegTech firm ClauseMatch as IA member aimed at increasing buy-side engagement with FinTechs.

The UK’s Investment Association (IA) has added its first FinTech member in a move designed to encourage engagement between technology firms and its buy-side membership.

RegTech firm ClauseMatch provides document collaboration, management and workflow solutions designed to automate and standardise process, and demonstrate compliance.

While numerous sell-side institutions have spent significant time and resources to build relationships with FinTechs and technology-focused start-ups through accelerator programs, innovations labs and extensive partnerships, the buy-side has taken a more passive approach.

The IA has moved to promote engagement between the two groups through the new FinTech membership category and the addition of ClauseMatch, particularly as buy-side firms are still focusing on ensuring ongoing compliance with new regulatory measures such as MiFID II.

“We are extremely proud to welcome ClauseMatch on board as the IA’s first fintech member,” said Keith Phillips, director, membership and enterprise at the IA.” As a market-defining RegTech firm, ClauseMatch can play a leading role in driving innovation across the buy-side and ensuring that the asset management industry remains globally competitive.” 

The addition of ClauseMatch as an IA member is unrelated to the association’s Velocity Accelerator program, which was launched in July this year. The IA is expected to announce the first cohort to start on the Velocity programme in October.