Allfunds, Europe’s largest fund distribution platform, has launched three digital solutions focused on improving fund manager and distributor productivity and increasing access to market intelligence. The three new wealthtech tools are Digital Onboarding for Fund Houses, Telemetrics 2.0 and Allfunds Connect Marketplace
All three solutions are now available through the Allfunds Connect Digital Platform (Allfunds Connect). Allfunds Connect is a digital platform where users can access digital solutions including digital onboarding to the Allfunds platform, data analytics, and a universe of over 220,000 funds, providing a marketplace of digital distribution tools for fund houses and distributors. These three products are the first of many digital tools Allfunds has in the pipeline that will become available in the coming months through Allfunds Connect.
Digital Onboarding for Fund Houses enables fund managers, anywhere in the world, to make their funds available to over 625 distributors in 45 countries in less than 24 hours, all through one single global distribution agreement. The benefits to fund houses include transparent account segregation, updated client & sub-distributors lists, aggregation of orders & payments, KYC/AML checks, collection and dissemination of legal and marketing documents, corporate action checks, allocation at a client level, and much more.
Telemetrics 2.0 is an enhanced version of the tool launched in 2018 which provides fund houses with market intelligence to grow flows with existing and new clients. New functionalities include a fully configurable interface, a full view of Allfunds’ clients, daily data updates, as well as the ability to screen information by different time periods. All this is in addition to the previous functionality of detailed data by client breakdown, client flows, AUM, region, funds, assets and flows. Telemetrics is a powerful data analytic tools available to fund houses on the market, allowing fund houses to track sales and compare the market performance with overall market trends.
Telemetrics data is powered by Allfunds’ new “Data Lake”. By inputting data into a cloud-based computing environment, where powerful algorithms can be used to integrate information from various sources, insights are delivered in fractions of seconds.
The third tool, Allfunds Connect Marketplace, opens up a catalogue of 220,000 fund classes to fund selectors and advisers with a new front-end design enabling users to create fund listings and access information on each fund, not only from Allfunds’ catalogue, but also from other sources such as Morningstar and Citywire.
Juan Alcaraz, CEO of Allfunds, says, “In wishing to be at the forefront of innovative technologies, we are putting in place three tools that are the first of many which will drive the firm’s digital transformation. In doing so they will provide greater efficiencies to improve the profitability of fund and wealth managers. We are therefore enhancing our offering with the most innovative technology, front-office digital solutions, big data and tools that help our clients lead the change that is taking place in the funds sector.”
“The launch of these three new wealthtech tools in Asia will enhance Allfunds’ offering in the region in alignment with the firm’s recent expansion and growing team in Asia. These innovative solutions showcase Allfunds’ digital capabilities as we aim to serve our clients with the most up-to-date technology in order to fulfil their unique and individual needs. The new tools will benefit our clients by providing in-depth market intelligence and access to a multitude of funds not only in Asia but all around the world,” says Alexis Fosler, Regional Manager for Asia at Allfunds.