FE fundinfo, a financial data provider that links the asset management sector to distribution networks throughout Europe, the UK, and Asia Pacific, has acquired Frankfurt-based Dericon, a distinctive fintech in Germany’s wealth management market, as part of its ongoing European expansion.
The agreement will greatly expand FE fundinfo’s capabilities in the area and give consumers immediate access to distribution channels for asset managers in Germany, although it is still pending regulatory approval procedures.
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Over 150 major banks and international investment houses use Dericon’s extensive financial product distribution network in their advising services. Dericon WMS is an unique online solution that the company uses to support the compliance structure of financial products.
Moreover, this allows clients to receive improved data services while also adhering to the increasing regulatory requirements in Germany and the EU.
The strategic venture also links the asset management clients of FE fundinfo to the Sparkassen Group, a 50 million-customer group of public banks in Germany, the country’s largest distribution channel.
This strengthens FE fundinfo’s role as an essential resource for fund managers looking to link financial goods and investment product information.
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By GlobalDataA stable, ongoing shareholder base will benefit Dericon’s partners and customers by providing full support for the company’s continued growth and development.
Dericon’s strategy is to create an efficient and independent platform in the B2B securities market, built on providing transparent and effective solutions for its clients, that ultimately allow asset managers, distributors, financial advisers, and issuers of structured products to capitalise on fresh possibilities.
The acquisition aims to connect asset managers, structured product issuers, and distribution networks for accurate, timely information, enabling growth, cost reduction, and risk management in the investment management community.
Liam Healy, chief executive officer at FE fundinfo, stated: “The team at Dericon has built a solid business, and through our partnership we further bolster our commitment and capabilities in Germany by more clearly connecting investment product information to distributors such as banks and savings banks for our mutual and future clients. For Germany’s 50 million individual investors, this will provide the best access to the broadest range of investment opportunities through Dericon’s transparent and competitively differentiated solution powered by FE fundinfo.”
Andreas Krause, founder and managing director at Dericon, added: “With FE fundinfo, we’re excited to grow our reach and bring our data and technical capabilities to the wider international financial industry. We plan to further build our innovative WMS platform into a fully featured German distribution hub that speeds access to market data and regulatory solutions, providing unrivalled value for clients.”
