{"id":7753,"date":"2020-12-03T16:30:25","date_gmt":"2020-12-03T14:30:25","guid":{"rendered":"https:\/\/website.iznes.io\/?p=7753"},"modified":"2021-01-08T18:19:39","modified_gmt":"2021-01-08T16:19:39","slug":"technologies-with-a-big-impact-on-the-funds-business","status":"publish","type":"post","link":"https:\/\/iznes.io\/en\/2020\/12\/03\/technologies-with-a-big-impact-on-the-funds-business\/","title":{"rendered":"Technologies with a big impact on the funds business"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1452687555475\"><div class=\"wpb_column vc_column_container vc_col-sm-12 vc_col-lg-9 vc_col-md-9\"><div class=\"vc_column-inner vc_custom_1452702342137\"><div class=\"wpb_wrapper\"><div class=\"vc_empty_space\"   style=\"height: 32px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><div class=\"vc_custom_heading no_stripe text_align_left\" ><h2 style=\"text-align: left\" class=\"consulting-custom-title\">Technologies with a big impact on the funds business<\/h2><\/div>\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1607010696468\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Extrait de l&#8217;Article publi\u00e9 dans le <a href=\"https:\/\/en.rankiapro.com\/magazine\/magazine-december-2020\/\">RankiaPro Magazine of December 2020<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"post_details_wr\">\n    \n<div class=\"stm_post_info\">\n\t<div class=\"stm_post_details clearfix\">\n\t\t<ul class=\"clearfix\">\n\t\t\t<li class=\"post_date\">\n\t\t\t\t<i class=\"fa fa fa-clock-o\"><\/i>\n\t\t\t\tDecember 3, 2020\t\t\t<\/li>\n\t\t\t<li class=\"post_by\">Posted by:\t\t\t\t<span>IZNES<\/span>\n\t\t\t<\/li>\n\t\t\t<li class=\"post_cat\">Category:\t\t\t\t<span>Fund Distribution<\/span>\n\t\t\t<\/li>\n\t\t<\/ul>\n\t\t<div class=\"comments_num\">\n\t\t\t<a href=\"https:\/\/iznes.io\/en\/2020\/12\/03\/technologies-with-a-big-impact-on-the-funds-business\/#respond\"><i class=\"fa fa-comment-o\"><\/i>No Comments <\/a>\n\t\t<\/div>\n\t<\/div>\n\t\t\t<div class=\"post_thumbnail\">\n\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1110\" height=\"550\" src=\"https:\/\/iznes.io\/wp-content\/uploads\/2020\/12\/rankia-1110x550.png\" class=\"attachment-consulting-image-1110x550-croped size-consulting-image-1110x550-croped wp-post-image\" alt=\"\" srcset=\"https:\/\/iznes.io\/wp-content\/uploads\/2020\/12\/rankia-1110x550.png 1110w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/12\/rankia-16x9.png 16w\" sizes=\"(max-width: 1110px) 100vw, 1110px\" \/>\t\t<\/div>\n\t<\/div><\/div>\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1607005939347\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"page\" title=\"Page 27\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<h3>Distributed Ledger Technology (DLT) is going to be the catalyst of profound changes in the fund industry<\/h3>\n<p>&nbsp;<\/p>\n<p>Traditionally, post-market activities are not a sector that has benefitted from substantial investments within major financial groups, and the asset management post-market segment is no exception to this.<\/p>\n<p>As a consequence, players suffer from operational difficulties, particularly regarding distribution, and especially cross-border distribution. Capital and goods move freely and easily within the European Union, but this is much less the case for UCITS despite Europe being an immense savings reservoir.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><strong>Overview of the European asset management industry<\/strong><\/p>\n<ul>\n<li>\u0083 \u00a04400 asset managers managing 17 Tr\u20ac<\/li>\n<li>\u0083 \u00a034,000 UCITS funds for a total of 10 Tr\u20ac.<\/li>\n<li>\u0083 \u00a029,000 alternative funds (AIFs) for a total of 7 Tr\u20ac.<\/li>\n<li>\u0083 \u00a0610,000 direct and indirect jobs in a multitude of jobs in support of the investment process.<\/li>\n<li>\u0083 \u00a0Considerable wealth.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"vc_empty_space\"   style=\"height: 32px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-6\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"column\">\n<h4>Improving your knowledge of your clients is another challenge<\/h4>\n<p>On top of that, unit holders of mutual funds are difficult to identify because orders are often aggregated by intermediaries before they are transmitted to asset management companies. Not knowing the identity of some bearers of a fund\u2019s liabilities makes matching asset \/liability liquidity difficult. It is therefore sometimes still difficult to comply with the regulators\u2019 injunctions in this respect, as they require drawing up repurchasing risk scenarios, given the profile of the subscribers.<\/p>\n<p>Globally, the demand for more transparency around data in the fund industry is strong: asset managers and investors need to have a real-time view on share ownership, trade status and fund cash flows.<\/p>\n<\/div>\n<div class=\"page\" title=\"Page 27\">\n<div class=\"section\">\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 32px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\t<div class=\"vc_separator wpb_content_element vc_sep_width_100 type_1  vc_separator_no_text\">\n\t\t<span class=\"vc_sep_holder vc_sep_holder_l\"><span style=\"border-color:#dd9933;\" class=\"vc_sep_line\"><\/span><\/span>\n\t\t\t\t<span class=\"vc_sep_holder vc_sep_holder_r\"><span style=\"border-color:#dd9933;\" class=\"vc_sep_line\"><\/span><\/span>\n\t<\/div>\n\t\n<div class=\"vc_custom_heading text_align_left title_no_stripe\" ><h4 style=\"text-align: left;font-family:Poppins;font-weight:400;font-style:normal\" class=\"consulting-custom-title\">By Christophe Lepitre, CEO of IZNES<\/h4><\/div><div class=\"vc_empty_space\"   style=\"height: 22px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img decoding=\"async\" class=\"vc_single_image-img\" src=\"https:\/\/iznes.io\/wp-content\/uploads\/2016\/01\/Christophe-r.png\" width=\"219\" height=\"214\" alt=\"Christophe-r\" title=\"Christophe-r\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n<\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-6\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h4>Why is the purchasing process so complicated when it is a paperless product standardised by common rules?<\/h4>\n<p>The single fund market, favored by the European Commission, and encouraged by successive UCITS and AIF directives, is making a few asset managers very successful, but it is incomplete: currently, only just over a third of UCITS funds are registered in at least 3 countries and the figure is just 3% for alternative funds (AIFs). Fund consumption is therefore still mostly local.<\/p>\n<p>In short this industry is offering today a poor user experience: costs are high, circuits are aging and processes are obsolete.<\/p>\n<p>This picture is about to change though, thanks to two catalysts: a new technology (DLT) and an accompaniment by the regulators (France, Luxembourg, Germany and the European Commission); regulators consider now that <strong>\u201cthe registration of a transaction in a DLT is worth proof of ownership\u201d<\/strong>. Henceforth you do not need to open a bank account to acquire, hold or invest in funds units.<\/p>\n<p>A lot of operating hurdles facing asset managers in the distribution of their funds could hence be removed: a decentralised, blockchain-based platform will enable the mutualization of redundant activities existing at every layer of the fund distribution chain.<\/p>\n<p>Therefore, IZNES has built a new value proposition which offers drastic cost reduction, full digitalized process, and allows direct communication between asset managers (producers) and investors (consumers).<\/p>\n<p>The initiative of Iznes, co-founded by six asset management companies, has already been favourably received by 25 contributing international players.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-3 vc_hidden-sm vc_hidden-xs\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n<div class=\"stm_sidebar\">\n\n      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(19)\n<\/li>\n\t<li class=\"cat-item cat-item-29\"><a href=\"https:\/\/iznes.io\/en\/category\/international\/\">International<\/a> (3)\n<\/li>\n\t<li class=\"cat-item cat-item-113\"><a href=\"https:\/\/iznes.io\/en\/category\/mdbc\/\">MDBC<\/a> (4)\n<\/li>\n\t<li class=\"cat-item cat-item-135\"><a href=\"https:\/\/iznes.io\/en\/category\/press-release\/\">Press Release<\/a> (29)\n<\/li>\n\t<li class=\"cat-item cat-item-1\"><a href=\"https:\/\/iznes.io\/en\/category\/uncategorized\/\">Uncategorized<\/a> (2)\n<\/li>\n\t\t\t<\/ul>\n\n\t\t\t<\/aside><\/div><\/div><\/div><\/div><\/div>\n<\/section>    \n<\/div><\/div><\/div><\/div><\/div><div data-vc-full-width=\"true\" data-vc-full-width-init=\"false\" class=\"vc_row wpb_row vc_row-fluid third_bg_color vc_custom_1451889219674\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><div class=\"vc_row-full-width vc_clearfix\"><\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>Distributed Ledger Technology (DLT) is going to be the catalyst of profound changes in the fund industry. Traditionally, post-market activities are not a sector that has benefitted from substantial investments within major financial groups, and the asset management post-market segment is no exception to this. As a consequence, players suffer from operational difficulties, particularly regarding distribution, and especially cross-border distribution. Capital and goods move freely and easily within the European Union, but this is much less the case for UCITS despite Europe being an immense savings reservoir.<\/p>","protected":false},"author":2,"featured_media":7916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118],"tags":[124,122,123],"class_list":["post-7753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fund-distribution","tag-assetmanagement","tag-blockchain","tag-funddistribution"],"_links":{"self":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts\/7753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/comments?post=7753"}],"version-history":[{"count":5,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts\/7753\/revisions"}],"predecessor-version":[{"id":7919,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts\/7753\/revisions\/7919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/media\/7916"}],"wp:attachment":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/media?parent=7753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/categories?post=7753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/tags?post=7753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}