Fund information platform Ffyn chalked up 53 asset managers and investors signed up in its first year, a platform that collates information on more than 100,000 funds. It was supported and incubated by BNP Paribas Securities Services and introduced to the market a year ago. Ffyn intends to become a single source of information for the mutual fund industry by bringing together asset managers and investors on a centralized platform where they can access and exchange fund information easily and efficiently.
Ffyn has shown strong traffic growth over the past 12 months, with over 700,000 documents (such as factsheets, KIID, prospectuses and manager commentaries) updated on the platform every day and activity on the platform (including messages sent and documents collected) rising by 250% between March and May 2020. Ffyn’s client franchise now covers Belgium, France, Luxembourg and Switzerland.
Ffyn’s product development is progressing apace. Investors will soon be able to store their entire fund selection process history on the platform, enabling 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 in a statement: “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. 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, said in a statement: “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.” Ffyn has been incubated by BNP Paribas Securities Services within the BNP Paribas BivwAk! start-up accelerator.