Allfunds, the fund distribution platform, has launched three digital tools intended to improve the user experience, productivity and access to market intelligence.
The Digital On-boarding for Fund Houses, Telemetrics 2.0, and Allfunds Connect Marketplace tools are all accesible through the company's Connect Digital Platform. Further digital tools are expected to be made available in coming months through the Connect platform.
Digital Onboarding for Fund Houses aims to facilitate onboarding to 625 distributors in 45 countries within 24 hours. It facilitates account segregation, updated client and sub distributors' lists, aggregation of orders and payments, know your client and anti money laundering checks, collection and dissemination of legal and marketing documentrs, corporate action checks and allocation at client level.
Telemetrics 2.0 is an enhanced version of the tool launched in 2018 which provides fund houses 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. Existing functionalities include detailed data by client breakdown, client flows, AUM, region, funds, assets and flows. The tool allows fund houses to track sales and compare their own market performance with overall market trends. The Telemetrics 2.0 data stems from Allfunds' 'Data Lake', which relies on data in a cloud computing environment which uses algorithms to integrate information from various sources.
Allfunds Connect Marketplace provides a new front end that facilitates creation of fund listings and fund information not only from Allfunds but also other sources such as Morningstar and Citywire. Allfunds' catalogue of 220,000 fund classes is accessible through this tool.
Juan Alcaraz, CEO of Allfunds, said: "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."