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  • Rob Carter
    Rob Carter

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    AlgoMe: a community for innovation

    The business world changes at an ever-increasing rate, and for those of us working in Financial Services, we know there are not just one but multiple drivers of change. Former Barclays CEO Anthony Jenkins said recently the financial services’ ‘Uber’ moment is still five years off. If this is true, disruption will soon be upon us but we still face a rapidly evolving landscape.  Downward pressure on fees is now the norm. Changing client expectations and increased competition impact the way services are offered and the actual services themselves, plus the evolving regulatory climate is pushing for ever more transparency. These trends challenge legacy processes, technologies and everyone’s professional skills.

     

    A recent Fujitsu study of financial services found 56% of firms surveyed believe their businesses will not exist in the current form in five years’ time.  Nearly all, 96%, of the financial services firms feel the need to evolve further to ensure a long term future. This may sound bleak to some but it’s exciting evidence of new and exciting industry developments which are coming.

     

    Innovation is now imperative. The expectation is for individuals and organisations to embrace this dynamic landscape but moving from a static environment to a dynamic one with fundamentally different working practices can be overwhelming. People are being asked to deliver more and at speed, but this means individuals don’t have the necessary support they need to excel.

    If organisations are not able to find the time and resources to nurture talent in this demanding environment – where should we look for the support we need to continually innovate within our working lives as well as have the career mobility we seek?

    The answer is to be more proactive.

     

    In this new environment, the winners will be professionals who reach beyond their current network and link to the best people and companies to help them achieve their ambitions and goals.

     

    You might be looking for advice on a topic that you don’t feel you can ask a colleague or support on something transformative, like moving to a new industry or a different department. But how do you go about actually finding it?

     

    Over the last year, as I’ve moved outside of my comfort zone and into digital innovation, I’ve sought out mentoring and support from a variety of sources well outside the usual boundaries of my existing professional network. This journey has seen me mentored by CEOs of start-ups (some 15 years younger than me!) and respected leaders who have worked in the industry longer than I’ve been in this world.

     

    By extending and growing my network, I was fortunate enough to meet my business partner. We set up AlgoMe to augment this paradigm shift away from looking inwards for support and now we are building a community of proactive people that want to help each other adapt to the challenges of the future through discussion and mentoring. AlgoMe will help professionals search and find these useful connections not by mere chance, but through our unique data and advanced algorithms which matches finders with seekers and more.

     

    The benefit for those looking to become mentors are significant too – by increasing your network and exposing yourself to new ideas and ways of thinking. Either way, it’s a great opportunity. You could meet your future business partner or the person that introduces you to your dream job, or just give back and stay in touch with an industry that you may have left behind.

     

    Would you like to be part of our community? Please pre-register with us now to stay informed of AlgoMe’s launch date.



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  • Our picks

    • Here at AlgoMe we know that one of the best ways to grow our community is through the recommendations of our existing members.
       
      That's why we're offering members the opportunity to win an iPad by simply inviting your friends and colleagues to join the community*.
       
      To be eligible, use the inbuilt invite function, which you can find in the user-bar at the top of the site or app when signed in (), to send personalised invitation emails. When your invitee signs up using the unique link or invitation code they receive, they will appear under your list of successful invites and you will be in with a chance to win.
       
      Each successful invite gives you an additional chance to win.
       
      Please invite people who will be valuable members of the community and have an interest in or experience of Investment Management, Asset Management, FinTech or associated industries.
       
      If you are not already a member, you can register here for free and join in the competition.
       
      Good luck!


       
      iPad model may differ from the image shown
      *Entry is subject to the agreement of the full Terms & Conditions
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    • The Investment Association recently gave the industry a boost when it announced the launch of Velocity, its FinTech accelerator.  Designed to identify, develop and accelerate best in class firms with innovative solutions, Velocity will champion and facilitate the wider adoption of technology across the industry.
       
      And AlgoMe will be involved in this too, which is why I’m excited to announce we are now a member organisation of the Investment Association as an official FinTech member and have been named a "company to watch" by Velocity.
       
      Challenging Times
      The Investment Management industry faces major challenges and opportunities from forces such as digital technology, pressure on fees and increased regulation, while at the same time there are widespread changes in the workforce and their expectations.
       
      To date, Investment Management has both been fairly insulated from the challenges posed by agile FinTech competitors, but also distant from the opportunities offered by the new technologies and ways of thinking that such companies bring.
       
      Bringing FinTech closer
      Velocity is a fantastic step towards accelerating the adoption of FinTech. It has received support and endorsements from both inside and outside the industry, including from the Chancellor of the Exchequer, Phillip Hammond, who was enthusiastic about the initiative at a recent City event.
       
      To drive change and innovation, the industry needs to connect across different disciplines and areas of expertise, driving new ways of thinking and fostering cultural change.
       
      Without the benefit of emerging FinTechs and their external expertise, it will be hard for incumbents to harness the benefits of emerging technologies such as Straight Through deal Processing (STP), Distributed Ledger Technology (DLT), and Artificial Intelligence (AI) in areas such as risk and compliance, securities trading and investment decision making.
       
      Our Mission
      AlgoMe's mission is to connect the Investment Management industry and empower professionals to manage their careers. Our new product, AlgoMe Community, is placed to become the hub for the discussion between FinTechs and the companies and professionals in the wider Investment Management ecosystem.
       
      Join AlgoMe Community today
       
      AlgoMe Community - community.algome.com
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    • I've been trying to track down details on that statement from the CBI, but I'm not sure they elaborated on what the "unintended consequences" could be - I assume one could be wage inflation due to reduction in the negotiation advantage of the employer.
       
      Whether this is a bad thing is debatable when (by some measures) wage growth has been stagnant in the UK for longer than any time since the Napoleonic wars..
       
      Reality Check: Is pay growth the worst since Napoleon?
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    • How do we solve the the Asset Management industry issues of today and tomorrow?
       
      We think we might just have the answer.
       
      When we created AlgoMe, we set out to empower professionals so they can manage their careers through technology, data and industry insight. With our career management platform, we‘ve delivered this but we know there‘s much more to be done.
       
      The Asset Management industry is in a state of flux. Right now lower fees, higher costs, new technology and increasing regulation, along with changes to the workforce, mean we need access to technology, data and industry insight more than ever before. This is why we‘re taking an exciting step by opening AlgoMe Community, the place that brings the Asset Management industry together to drive open conversation and essential innovation.
       
      AlgoMe Community is a members-only community exclusive to the industry and associated professions.
       
      Membership is free, members are verified and use their own names to create a profile – here are the key benefits:
       
      1. A community for Asset Management
      We have created a standalone space for asset managers meaning discussions and groups are centred around highly relevant areas and get to the heart of issues quickly. We will also be hosting regular events both online and offline to address industry challenges and help our members drive the agenda.
       
      2. Keep your finger on the pulse
      Not sure about Brexit or SMCR? Want to know what the latest research on AI is? The AlgoMe Community gives you direct access to all of these discussions. AlgoMe is working with a number of partner organisations to bring you the latest thought leadership, insights, blog posts and white papers to keep you abreast of the latest trends in Asset Management.
       
      3. Grow Your connections outside of your existing network
      There are a lot of bright minds out there. Over 40,000* people are currently working within the Asset Management industry according to the Investment Association. This number is likely to be 200k+ across Europe with the firms and organisations that make up Asset Management ecosystem. That’s a lot of new connections to make.
       
      4. Grow your personal brand
      Building your personal brand is critical to a successful career. AlgoMe Community gives you a platform to build your credibility and authority among your peers. It’s also easy to start your own blog to get ideas a wider audience and build up a following of other members.
       
      Join AlgoMe Community for free today and connect with the Asset Management industry.
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    • Revolt announced it will be offering ETFs to its customers....
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      Challenging Times
      The Investment Management industry faces major challenges and opportunities from forces such as digital technology, pressure on fees and increased regulation, while at the same time there are widespread changes in the workforce and their expectations.
       
      To date, Investment Management has both been fairly insulated from the challenges posed by agile FinTech competitors, but also distant from the opportunities offered by the new technologies and ways of thinking that such companies bring.
       
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      Without the benefit of emerging FinTechs and their external expertise, it will be hard for incumbents to harness the benefits of emerging technologies such as Straight Through deal Processing (STP), Distributed Ledger Technology (DLT), and Artificial Intelligence (AI) in areas such as risk and compliance, securities trading and investment decision making.
       
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      AlgoMe's mission is to connect the Investment Management industry and empower professionals to manage their careers. Our new product, AlgoMe Community, is placed to become the hub for the discussion between FinTechs and the companies and professionals in the wider Investment Management ecosystem.
       
      Join AlgoMe Community today
       
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