BNP Paribas Securities Services Unveils a Next-generation Fund Distribution Platform

BNP Paribas Securities Services Unveils a Next-generation Fund Distribution Platform
19.04.2017 11:45 am

BNP Paribas Securities Services Unveils a Next-generation Fund Distribution Platform

Fund Management

BNP Paribas Fund Link aims to make the fund distribution process easier and more efficient, by facilitating the flow of information between fund buyers and sellers thanks to blockchain and smart contract technology. One of the main objectives of the platform is to speed up the onboarding process for both fund buyers and asset managers. Fund buyers using BNP Paribas Fund Link will only have to upload their profile and investor onboarding documents once. This information will then be shared easily with the various management companies on the platform. 

BNP Paribas Fund Link also aims to improve the process of buying and selling funds thanks to an efficient end-to-end trade execution solution relying on embedded business rules and shared information. This will allow for efficient control and transparency of the distribution chain while removing unnecessary delays and reconciliation costs. 

Finally, BNP Paribas Fund Link’s powerful analytics tools will help investors explore fund data to compare and select funds, and fund managers to fine-tune their distribution. 

Joseph Pinto, COO at AXA Investment Managers, said: “We are excited to work with BNP Paribas Securities Services on the development of this new platform. Operational efficiency is a key area for us in an increasingly competitive market environment where pressure on fees keeps rising. We believe that the new technologies used by this platform can significantly enhance our fund distribution process and ensure we are well placed to meet the continued regulatory demand for increased transparency.” 

Jean Devambez, Head of product and client solutions, Asset and Fund Services, at BNP Paribas Securities Services, said: “There are so many new and exciting ways technology can enhance the fund distribution process. With this platform we aim to bring many of them together to streamline fund distribution, create efficiencies and ultimately lower client costs. 

“A key ambition has been to ensure the new platform helps asset managers meet the demands of new regulations, such as MiFID II, which will demand higher levels of transparency around the fund sales process. 
“It is very important for us to co-design the solution with clients and we are delighted to have AXA IM on board.” 

BNP Paribas Securities Services will open the project to other clients in the near future. 

The first functionalities of the platform will be released from this year onwards. Further details about the capabilities included in the platform and the underlying technology will be released in due course.

Related News

TrackInsight names Nasdaq as its exclusive distributor in North America

TrackInsight (www.trackinsight.com), the leading global independent ETF analytics platform, has named Nasdaq its... Read more »

TrustQuay signs technology deal with LGL Group

TrustQuay, the leading technology provider to the corporate services, trust and fund administration markets, has today announced the signing of an agreement... Read more »

Fund Management Companies Enjoy Significant Followings on Alipay Open Digital Lifestyle Platform

Alipay, the world’s leading open digital lifestyle platform, today revealed that 82 fund management companies in China have collectively attracted over 120... Read more »

Cloud9 Completes $17.5M Series B Funding Round Led by Strategic Investment from UBS

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has completed a $17.5 million Series B funding round led by a strategic investment from... Read more »

British Business Investments commits up to £40m to Columbia Lake Partners UK LLP’s second fund

British Business Investments Ltd announces a commitment of up to £40m to Columbia Lake Partners Fund II CLP Growth II GBP... Read more »

UK tech startup Temporall announces funding round from UK VC

UK tech startup Temporall, founded by a former Google global director, has developed a world class AI and analytics-based platform to give key performance insights to... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel