The IA’s FinTech innovation hub and accelerator Velocity and Brussels-based fintech ecosystem B-Hive have today signed a partnership designed to boost fintech innovation across the asset management industry by promoting pan-European collaboration.
The partnership signed by B-Hive executive chairman Fabian Vandenreydt, and Peter Harrison, chair of the IA Board, signals a commitment to a closer relationship between the two organizations with the aim of building a strong international fintech ecosystem. As part of the agreement, Velocity and B-Hive will share knowledge and expertise on technology trends and work together on joint events and training, as well as tackling common innovation challenges.
The partnership marks a key milestone in Velocity’s growing reach. From its official launch last October, Velocity has attracted more than 80 fintechs, with five of these forming the first Velocity cohort within the accelerator program.
“I’m very pleased today to witness the Belgian FinTech hub B-Hive partner with the renowned accelerator Velocity,” Alexander de Croo, Belgian Deputy Prime Minister and Finance Minister said. “Both hubs’ expertise in regtech and wealthtech gives the European FinTech ecosystem yet another boost and strengthens the collaboration between Belgium and London based startups.”
“I am delighted to announce this new partnership with B-Hive,” Peter Harrison, group chief executive, Schroders and chair of the IA board said. “Velocity has quickly established itself as the natural meeting point between cutting-edge fintech companies and the asset management industry in the UK. The pan-European collaboration with B-Hive will open new avenues for furthering innovation, which will benefit our members and the savers and investors which our industry serves.”
“Our partnership with Velocity is a great representation of our main mission to build links between the major European fintech hubs,” Fabian Vandenreydt, executive chairman, B-Hive said. “Velocity’s expertise in the investment management innovation ecosystem space will be a valuable asset for the B-Hive community and we are thrilled to partner with them.”
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