Glossary

To facilitate the creation of a common framework of understanding for FinTech engagement best practice, the following terms have been used in this document for consistency:

Term	Definition
Engine Innovators	IA's FinTech member firms who have applied for the IA Engine's Innovator programme and been successfully selected as one of the firms adopted.
FinTech	The Oxford FinTech programme points to the FSB's narrow definition: the "technologically enabled innovation in financial services that could result in new business models, applications, processes or products" which could have a "material" impact on financial markets, institutions and services.
FinTech Engagement	Engagement activities between Investment Managers and FinTechs, including collaborating with a view to mentor, partner with, invest in or otherwise contract to use products or services from a FinTech Firm.
FinTech Firms	Providers of financial technology products and services; these include RegTech, WealthTech as well as other technology solutions to the investment management and capital markets industry. Sometimes referred to as software vendors, disruptors, challengers and innovators; not limited to start-ups, but also including tech companies and legacy technology providers.

Term	Definition
FinTech Scouting	The processes involved in searching for (scanning), evaluating (assessment) and/or selecting (shortlisting) FinTech firms with a view to engage with them to fulfil a business requirement.
IA EAP	The IA Engine's Advisory Panel.
IA Engine Cohorts	The current Engine Innovators and alumni of those selected for any of the previous Innovator programmes.
Investment Managers	Umbrella term to refer to Asset Managers, Private Wealth Managers and other Financial Institutions (FIs) within the IA's membership of Financial Services firms, covering the buy-side and capital markets. Sometimes referred to as incumbents.
The IA Engine	The Investment Association's FinTech accelerator and innovation hub, formerly known as Velocity.

Sources: PWC and Financial Stability Board. n.d. Monitoring of FinTech. [online]