Universal-Investment Building Amazon-Style Offering For Funds
The Frankfurt-based firm still has to get regulatory approval for the blockchain project, but aims to start beta testing next year.
Frankfurt-based fund administrator Universal-Investment says it is working on building a solution that will allow clients to purchase funds as conveniently as readers buy books on Amazon.
Right now, the process of buying a fund is slow, says Daniel Andemeskel, head of innovation management at Universal-Investment: different intermediaries such as banks, transfer agents and custodians are involved; their processes are still manual and paper-based; and settlement cycles can take up to two days.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Waters Wavelength
Waters Wavelength Podcast: Episode 257 (DLT loses favor)
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
Subscribe to Weekly Wrap emails
Most read
- Could cloud kill the data licensing debate and shake up pricing models?
- AFTAs 2022: All the winners and why they won
- State Street looks to bolster Charles River, Alpha platforms with FundGuard integration
- AFTAs 2022: Most cutting-edge IT initiative—Morgan Stanley
- Industry mulls identifier schema for digital assets