Allfunds shifts up a digital gear with app for customers

Mutual fund platform Allfunds has started providing technology to distributors that allows them to develop mobile apps for their clients.

The new ‘application programming interfaces’, or APIs, will give advisory firms that distribute funds from the Allfunds platform the ability to offer their customers a range of digital services on smartphones, tablets, mobile and other digital devices.

Allfunds, Europe’s largest fund platform, says that the facility will allow the wealth management industry to engage in fintech opportunities.

Juan Alcaraz, Allfunds chief executive, said the API platform will integrate Allfunds’ technology and services into clients’ own digital solutions in an “easy and cost-effective way”.

In March, Spain’s Santander and Italy’s Intesa Sanpaolo banks agreed to sell a joint 75% stake in Allfunds for around €1.37 billion to the Singapore sovereign wealth fund GIC and private equity fund Hellman & Friedman.

Allfunds provides services supporting the mutual fund distribution activities of over 530 clients and has offices in Europe, Asia and Latin America.

©2017 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST