The Investment Association, a trade body representing fund managers in the UK, officially launched Velocity, a fintech hub and accelerator for the buy side a year ago, and now wants to develop a taxonomy and expand internationally. Keith Phillips, IA Keith Phillips, membership & enterprise director at IA, told Markets Media that the launch of MiFID II, the European Union regulations that came into force at the start of last year, led to a huge uptick in fintechs and interest from asset managers. “The IA is in a unique position next to the largest fintech hub on the planet,” said Phillips.