BNP Paribas Securities Services is supporting and incubating Ffyn, the collaborative fund information platform, which now collates information on more than 100,000 funds.
Ffyn is also gaining strong industry support with 53 asset managers and investors signed up to the platform.
Introduced to the market a year ago, Ffyn intends to become a single source of information for the mutual fund industry.
It aims to do this by bringing together asset managers and investors on a centralised platform where they can access and exchange fund information easily and efficiently.
According to Ffyn, it has shown strong traffic growth over the past 12 months, with over 700,000 documents updated on the platform every day and activity on the platform.
Ffyn’s client franchise now covers Belgium, France, Luxembourg and Switzerland. Investors will soon be able to store their entire fund selection process history on the platform, which Ffyn said will enable them to justify their investment decisions at the click of a button.
Bruno Mussard, head of investment fund advisory at BNP Paribas Wealth Management, an early adopter of Ffyn, said: “As a general trend, collaborative tools have a key role to play within the fund industry, as they can lead to increased efficiency and transparency.”
Mussard noted: “During the Covid-19 lockdown, Ffyn has enabled us to reach a large number of asset managers at the click of a button, and enabled asset managers to send us targeted, value-added messages based on our expectations.”
Brigitte Gignoux, general manager, marketing and sales, at Ffyn, commented: “As we embark on an international expansion, we are one step closer to our ambition to be the leading collaborative fund information platform for Europe top 250 asset managers and investors. We believe we are entering a new era in the fund industry, where collaborative ways of working and fluid exchanges of traceable and standardised fund information will be paramount.”
