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Autonomous Research Launches New Products: Tech Roundup

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Fintech analysis firm Autonomous Research announced on Thursday that it has launched a set of analytical products with insights into various fintech trends.

Autonomous NEXT will cover robo-advisors, blockchain, neobanks, insurtech, chatbots and artificial intelligence, with a proprietary rating system to indicate how they affect firms’ front, middle and back office functions.

“We want to quantify fintech trends and provide strategic blueprints for financial incumbents, Fintech startups, and high-technology companies,” Lex Sokolin, global director of fintech strategy for Autonomous, said in a statement.

“A new regulatory paradigm is transforming the traditional equity research industry,” Autonomous Deputy CEO Erick Davis said. “We discovered untapped demand for insight on financial technology and innovation, and are excited to bring this to market.”

A new global committee aims to help financial institutions, regulators, supply chain providers and fintech firms collaborate on data and technology standards. The FinTech Technical Advisory Group (TAG) was announced by the International Standards Organisation (ISO) Financial Services Committee on Thursday.

Its stated objectives, according to a press release, are to:

  • Work with fintech firms, including those in the public sector, and ISO to fill gaps and educate
  • Promote the adoption and implementation of consistent standards
  • Address common issues collectively and consistently
  • Encourage communication and the sharing of information concerning financial services standards

Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation, and Nick Cliff, head of emerging technology for APCA, will serve as co-chairs on the new committee. PJ Di Giammarino, CEO of JWG-IT Group, will serve as secretary.

“ISO/TC 68 is very pleased to have strong, global leadership now confirmed for our new Technical Advisory Group.  The TAG will benefit from participation and expertise from ISO/TC 68 members and liaisons, as well as from new stakeholders from the fintech community from which the TAG currently is recruiting representation,” Karla McKenna, chair of ISO/TC 68, said in a statement.

InvestCloud completed its integration with Babel with the creation of a new division, icMAC (Modeling, Accounting & Custody). InvestCloud acquired London-based Babel in January. Babel founder Steve Wise will head the new division.

Earlier in March, InvestCloud opened a fintech accelerator and incubator in Los Angeles to help financial firms develop apps on InvestCloud’s platform.

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Teams from banks, wealth managers and fintech startups will undertake “residences” in which they’ll work with InvestCloud mentors on new apps for their firms that will be hosted on InvestCloud’s platform. The Center will also conduct research on high-net-worth investors about customer experiences.

The Innovation Center is in a nearly 11,000-foot space, with room for 15 six-person teams. InvestCloud is planning to open additional centers in New York and London later this year. 

“The purpose of the Innovation Center is simple: to help both our clients and startups to deliver a new generation of digital solutions whilst eliminating the risk of development and decreasing the time to market,” John Wise, co-founder and CEO of InvestCloud, said in a statement.

Wise said that “typical failure rates for startups, incubators and internal IT projects are in the 90%-plus range.” He called the InvestCloud platform “hyper-modular,” giving it more leverage in the development process. “No project is allowed to take more than six months. Six people, six months, success,” he said in the statement.

Digital workspace provider SuiteBox announced on Monday that it has upgraded its software to allow meetings between up to four people in different locations, and to allow them to sign documents electronically during the meeting.

“This new functionality allows for a meeting host and up to three participants to meet together to virtually witness, sign and collaborate on documents in real time, in a safe and secure cyber environment. No other video conferencing software option offers this capability,” Ian Dunbar, CEO of SuiteBox, said in a statement.

Dunbar acknowledged that many clients prefer to meet with advisors personally, but noted it can be costly or even impossible when the advisor and client are located in different cities. The software allows advisors to meet with clients and partners wherever they are and sign documents in real time, or to share documents for review later.

“For example, a professional adviser may leave a document in the SuiteBox digital workspace for invitees to review and sign at their leisure, and meet if they need to via video or in person,” Dunbar explained. “All interactions are recorded and stored, providing the highest level of compliance and authenticity of the transaction.”

— Read SS&C, Jemstep Announce New Partnerships: Tech Roundup on ThinkAdvisor.