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Blockchain is encouraging “Coopetition” between Asset Managers
- April 8, 2020
- Posted by: IZNES
- Category: Fund Distribution
No CommentsA lot of operating hurdles facing asset managers in the distribution of their funds could be removed. The initiative of Iznes, co-founded by six asset management companies, has already been favourably received by 25 contributing international players.A few decades ago, American airline companies (subsequently followed by their European peers), all competitors, made the most of the computerisation phenomenon to take a joint initiative and create a global distribution system (Sabre travel network), doing away with their technical intermediaries: travellers no longer had to obtain their plane tickets from a travel agency. The objective for these airlines was to take back control of the relationship with their customers and do without this purely technical service undertaken by distributors, the latter subsequently refocusing on higher value-added services such as providing advice and organising travel. Technological disruptions provide a sector’s players with an opportunity to review their business model and often look into coopetition (cooperation between players who are competitors). In the financial industry, and more specifically the asset management universe, blockchain is no doubt a technological disruption capable of leading to such considerations.
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Blockchain and asset management: towards a new golden age
- February 24, 2020
- Posted by: IZNES
- Category: Innovation
The blockchain is a technology that allows you to make, schematically said, notarial work. All the transactions are recorded on the chain, in a forgery-proof way and forever. The use of the blockchain makes it possible to reduce the number of people involved, to speed up the processing of transactions, to transfer and store documents and thus to reduce costs.
Cette technologie va devenir incontournable pour l’industrie de la gestion d’actifs qui est très intermédiée. -
Innovation clashes with asset managers' technological heritage
- October 9, 2019
- Posted by: IZNES
- Category: Innovation
For asset managers, innovation "is a matter of life and death". Pascale Auclair, Secretary General of La Française, did not mince her words at the AM Tech Day roundtable organized by L'Agefi as part of Invest Week Paris, and devoted to innovation among asset managers. However, while the industry has seen a technology race for years, with each manager struggling to be the first to adopt, or even develop, new systems, managers are now more measured on their calendar.
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The blockchain to alleviate the taxation of UCIs abroad
- July 11, 2019
- Posted by: IZNES
- Category: Fund Distribution
Due to their total exemption from corporate income tax or their tax transparency, undertakings for collective investment (UCIs) are generally not considered as residents of France within the meaning of tax treaties. Unless specific provisions are made, UCIs do not therefore benefit from treaty advantages reducing withholding tax rates on dividends, interest and capital gains received from abroad. They are subject to withholding tax at the domestic rate provided by the States (generally 30%) instead of the conventional rates (0% to 15%).
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Blockchain: the Iznes market platform exceeds €1 billion in outstandings
- May 23, 2019
- Posted by: IZNES
- Category: Innovation
Six sociétés de gestion d’actifs, d’Ofi AM à La Banque Postale AM, ont pris le contrôle du capital de cette plateforme d’achat-vente de parts de fonds sous Blockchain, dont la Fintech britannique Setl est sortie. L’objectif est désormais de se déployer à l’international.