From London to Los Angeles — a view of innovation

InvestCloud recently hosted a panel of special guests at its Innovation Center Los Angeles in partnership with the British American Business Council Los Angeles.

Rajesh Agrawal, Deputy Mayor of London for Business; Greg Reed, Vice President Technology Partnerships at Universal Pictures; and Chris Rico, Director of Innovation at the LACEDC joined Yaela Shamberg, Chief Product Officer & Co-Founder at InvestCloud to discuss the state of trans-Atlantic innovation. InvestCloud CMO and EVP, Mark Trousdale, recounts their conversation.

Innovation is flourishing. That was the core message every attendee took home with them from the packed event we hosted at our Innovation Center in Los Angeles.

The panelists described how both Los Angeles and London are thriving hubs of tech innovation. In London, the city’s Deputy Mayor for Business, Rajesh Agrawal, highlighted how tax breaks for angels and investors have enabled startups to flourish, tapping into London’s vast talent pool, infrastructure and unique ecosystem. Digital health and life science are such areas of innovation, and the city is taking a lead in developing smart technologies to solve problems such as air quality and traffic.

But it is in FinTech where London truly makes waves. Rajesh noted how London is leading in this area, using its status as the world’s leading finance hub to its advantage. Within FinTech, compliance and RegTech solution startups in particular are paving the way in developing digital tools that are revolutionizing the future of finance. This is backed up by the record levels of VC investment seen in recent months.

It is a similar story in Los Angeles. Over the past 5 years technology innovation has been giving entertainment a run for its money as the leading industry of Los Angeles.

Recent months have seen record levels of investment, with local tech companies raising a combined $356.3 million in 30 days across science, lifestyle and, yes, FinTech. There are two key aspects central to both cities that makes this level of innovation possible — creativity. Both cities have this embedded into their being, and it in turn inspires innovation in a variety of ways — especially in technology.

At InvestCloud, we see examples of how these two cities innovate every day. We are proud to be a trans-Atlantic business with a global focus. This is why our global headquarters is in Los Angeles and lead EMEA office in the heart of London’s creative district — Soho — along with offices in other creative & tech hubs such as New York and San Francisco.

At InvestCloud, we incorporate creativity into everything we do. It enables us to think differently and provide solutions that truly revolutionize the wealth management industry.

To learn more about how we build the most creative solutions for the wealth management industry, book a demo today at www.investcloud.com/demo or call us at +1 (888) 800–0188.