FIAM, a non-profit organization, is a collaborative platform, whose vision is to develop, over time, an international HUB, a global pole of excellence dedicated to research and applications of AI/ML technologies in Finance /asset management. This initiative complements Montreal AI ecosystem, internationally recognized for its significant contribution to machine learning especially in the areas of language modeling, machine translation, object recognition and generative models.
FIAM’s main pillars are 1) the organization of an annual international conference on the generic theme of Disruptive Technologies in Finance/asset management. 2) the creation of a Lab dedicated to the development of applications/solutions in Finance, initially focussed on asset management. The Lab, ”Financial Innovation & Risk Management Labs” was launched in August 2021 with the participation of 4 large assets management institutions.
FIAM sees its initiative as a community project, leveraging, when possible, on existing associations and /or organizations’ mandates, and network.
While FIAM is based in Montreal, its outreach is global, as hence the importance of cultivating/building overtime an international network of relationships with leading organisations, researchers, institutes, selected service providers. To deliver relevant outcomes, FIAM must keep abreast of the evolving global AI landscape pertaining to Finance/asset management and develop its capabilities accordingly.
Contribute to the development of our local finance / investing community in collaboration with professional associations that are involved in the organization of events in Montreal.
The investment industry has become extremely diversified, and products are becoming more complex. Added to this is an increasingly stringent level of compliance imposed by the regulatory authorities. Major financial institutions are also involved by imposing their own requirements for expected returns, operating soundness, risk management, transparency, and so on.
In this new environment, managers must be able to rely on the skill sets needed to successfully meet these challenges.
Several professional associations work in the non-traditional investment sector. AIMA and CAASA, of course, which were already mentioned. In addition, the CAIA (Charter Alternative Investment Association) is concerned with investment in real assets (infrastructure, real estate, private lending). The PRMIA (Professional Risk Managers’ International Association) concentrates on the management of risks associated with various investment strategies. Let us not forget Finance Montréal, which fosters cooperation among a vast range of institutions to stimulate the industry’s growth while raising awareness of the financial specializations found in Montreal.
In this ever-changing environment, FIAM is a platform that aims primarily to bring together our local financial industry, as well as to contribute to its development*. Each of the associations mentioned works towards this goal when it gets involved in an event in Montreal.