Doug Reay

Managing Director, Blue Fire AI

Blue Fire AI is a pioneering Capital Markets Intelligence Firm: a unique combination of Capital Markets Experts, Leading Mathematicians and Pioneering Technologists.

With quantitative capabilities on par with top global hedge funds, and published R&D in AI ranked globally #1 in multiple tasks in English and Mandarin, Blue Fire AI use machine intelligence and scale to systematically identify the state of truth around companies – generating asset intelligence used by large global institutions for asset selection, asset monitoring and portfolio rebalancing.

As Head of UK/Europe, Doug oversees Blue Fire’s operations including their strategic work within the asset management industry as part of the Investment Association’s Velocity Innovators program. Prior to Blue Fire, Doug spent 15 years in a range of equity sales and management roles at global investment banks in London, Tokyo and Singapore, advising some of the World’s largest institutional and public sector investors.

What is it about FinTech that excites you?

Finance is one of the most inefficient industries on Earth, which is strange considering how central it is to societies and economies, and considering how much capital, infrastructure and human talent it has at its disposal. The potential it has to transform itself – and the implications that could have for the World – is mind-blowing.

What do you envisage being the biggest development in FinTech in the next 5 years?

For me the biggest change I see coming is a mindset and corporate culture change in how FinTech is used. Up until now FinTech has largely been built around existing business models and processes – in preserving the status quo wherever possible. Over the next 5 years I think we’ll see a shift in that mindset – first in augmenting and changing the way things are done and eventually creating new business models that look meaningfully different.

What do you enjoy doing in your time away from work?

Spending time with my kids. Sleeping, reading, watching TV. Boy I really wish I had a more interesting answer to this.

What is the biggest change that you have witnessed in the sector over the past 12 months?

On the customer side, the dawning realisation that FinTech isn’t an innovation luxury but a necessary item for survival.

Who would be your top 3 dinner party guests and why?

My wife and parents. Because as much as it’s fun white-boarding the future, and talking AI, it’s important to remember what’s really important.