Spanish boutique rolls out new process for digital fund distribution

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Spanish boutique rolls out new process for digital fund distribution

Magallanes Value has become the first Spanish asset manager and one of the pioneers in Europe to roll out a process for digital client subscriptions through video conferences.

The innovative process will allow to buy a fund from the asset manager within a few minutes, which will speed up the procedures for fund distribution.

The new service is based on the implementation of Nextportfolio Onboarding’s solution in Magallanes, developed by Finametrix, in collaboration with Electronic Identification.

Blanca Hernández, CEO and founder of Magallanes, said the move means “a further step in the asset manager’s important commitment to innovation, which has allowed both the online consultation and the reservation of funds in a completely secure way since a year ago”.

For Mónica Delclaux, financial director of Magallanes, the digitization of customer subscriptions is key for Spanish managers, as it is highly demanded by customers and simplifies the procedures of institutions.

In addition “to comply with the increasingly demanding regulation, digitalisation is the only solution,” Delclaux said.

Digital customer subscriptions will be available in Magallanes from next 9 January.

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