Allfunds Bank has expanded its offering to the wealth management industry with the launch of new API capabilities intended to facilitate mobile applications and digital services.
The API (application programme interface) platform goes beyond offering a fully digitised access to the company’s range of fund services, to also provide access to third party applications using standardised APIs, which comply with emerging regulatory norms such as Mifid II.
More than 550 financial institutions will benefit from this development, Allfunds said, as it seeks to further its position not just as Europe’s largest fund platform, but also as a trusted fintech partner to wealth managers.
The company aded that its API development is just the first launch of an ambitious digital plan, which will be followed in coming weeks by the offering of a brand new front-end web tool, an API developer portal and a holistic proposition to develop and manage front-end portals on behalf of financial distributors.
Allfunds Bank CEO Juan Alcaraz, said: “With the Allfunds API Platform, we seek to empower our customers, partners and their developers, to innovate and grow their businesses by enabling them to offer their customers a simpler, faster, safe and convenient way to interact with them.”
“This Platform will integrate Allfunds’ technology and services into their digital solutions in an easy and cost-effective way. It will also reinforce our position as the technology provider who brings forward innovation to enhance the digital journey of our partners.”