IMAS leads IMDA's open innovation platform

The association will host problem statements with the sector members through its digital accelerator programme.

The Investment Management Association of Singapore’s (IMAS) digital accelerator programme (DAP) participated in Infocomm Media Development Authority’s (IMDA) open innovation platform (OIP) 5th innovation call as the sector lead trade association for asset management, an announcement revealed.

OIP is a crowdsourcing platform that connects and matches business challenges. For the first time, OIP introduced challenges to address issues across whole industry sectors where the challenges are focused on supporting wider digitalisation efforts and propagating digital solutions within industry ecosystems.

As the lead trade association, IMAS will champion the problem statements with the sector members to host 10 problem statements through the DAP. This is supported by IMAS, Allianz Global Investors, Aberdeen Standard Investments, DWS Investments, Eastspring Investments, Nikko Asset Management, UOB Asset Management, Schroder Investment Management and FIL Investment Management. Up to $50,000 per problem statement can be won.

The DAP is an accelerator programme that aims to identify, showcase and advance cutting-edge solutions that will help galvanise transformation of the asset management industry.