TISA's TURN secures £250,000 investment to transform fund data management

Industrial Thought is supporting TISA's TURN blockchain platform with £250,000. This investment promises increased transparency and efficiency in wealth management. Discover how TURN aims to transform the financial world and pave the way for trustless data management!

London, England, November 30, 2023 - Industrial Thought Ltd, a consortium of companies focused on advancing wealth management, has announced a £250,000 investment in TURN (TISA Universal Reporting Network).

We recognize that data is the lifeblood of today's financial world and making the most of it is critical. Overcoming these hurdles starts with TURN, developed by industry professionals to tackle these challenges head on.

Gary Bond, CEO of TURN

TURN, developed by The Investing and Saving Alliance (TISA), is an industry blockchain solution that aims to collect and disseminate data on funds. The platform marks a major step towards empowering asset managers, distributors and the financial sector as a whole by providing a transparent and efficient solution to data-related challenges. Its main goal is to improve market regulation, reduce regulatory and operational costs and ultimately increase the quality of service for investors.

In this era of digital transformation, data standardization is crucial to build trust, limit liability risks and drive our industry forward.

Nuno Godinho, Group CEO of Industrial Thought Ltd

Industrial Thought is taking a comprehensive approach and creating an ecosystem that serves investors as well as wealth and asset management professionals. At its core is TURN, a financial reporting network that ensures secure data sharing and validated information for stakeholders. Fostering robust connections that extend client reach and strengthen operational efficiency remains critical to the wealth management sector. Recently, Industrial Thought Ltd invested in Ammonite, the developers of a pioneering hybrid financial advice technology.