Temenos (SIX: TEMN), the banking software company, today announced that RSRCHXchange was voted the audience and judges’ winner at its FundForum Innovation Jam. The Innovation Jam is Temenos’ global competition to identify the best start-up fintech companies and this heat was held together with FundForum, the premier investment management event, at this year’s conference in Berlin.
Seven fintechs participated in the competition, with seven minutes to explain how their innovations solve specific problems in fund administration, asset management and wealth management. As the winner, RSRCHXchange will gain entry and receive a free one-year membership to Temenos MarketPlace, Temenos’ platform that connects fintechs and banks, creating an ecosystem of collaboration and innovation.
RSRCHXchange is an award-winning marketplace and aggregator for institutional research used by over 1,200 buy-side firms and 350 research providers. A regulatory solution to the MiFID II unbundling regulation, the RSRCHX platform applies leading technology to the niche asset management industry to improve workflows around investment research, while offsetting the burden placed on fund managers by new regulations. RSRCHX is a one-stop-shop for accessing the newly evolving paid-for research market and consuming research from banks, brokers & boutique providers in compliance with global best practices.
Vicky Sanders, Co-CEO, RSRCHXchange, said: “Under MiFID II, banks and brokers need to price and separately provide their research from execution services. The RSRCHXchange marketplace enables research providers to monetize the value of their research and helps buy side firms purchase the research they need, as and when they need it. FundForum is the number one global investment management event, and we are delighted that we won this competition, and gained exposure to so many business leaders in our industry.”
Ben Robinson, Chief Strategy Officer at Temenos, added: “The Innovation Jams help Temenos to identify fintech companies that can add real business value to our clients. The best fintechs that we identify get onboarded onto Temenos MarketPlace, which gives them an important route to market and helps to accelerate our growth. Temenos customers get access to cutting-edge, complementary solutions that are pre-integrated with the Temenos platform, and which help them to deliver better customer outcomes. The Innovation Jam started with a single event 4 years ago and now we run competitions all over the world, including now in collaboration with conferences such as FundForum, which helps us to reach a broader demographic of fintechs and financial institutions.”