Fintech
FE fundinfo acquires German FinTech Dericon
By Gloria Methri
Today
- Resource management
- Dericon
- Europe
FE fundinfo, a financial data company that connects the wealth management industry to distribution networks in the UK, Europe and the Asia-Pacific region, has announced the acquisition of Dericona FinTech pioneer in the wealth management sector in Germany.
The partnership will allow FE fundinfo clients to have direct access to one of the largest distribution channels for asset managers in Germany, while expanding the company’s capabilities in the region.
Dericon has developed a comprehensive distribution network for financial products used by more than 150 leading global banks and investment firms in their advisory processes. Through an innovative web-based solution, Dericon WMS, the company supports the compliant structuring of financial products. This allows customers to be better served with data while meeting increasing regulatory obligations in Germany and the EU.
The strategic investment also connects FE fundinfo’s wealth management clients to Germany’s largest distribution channel through the Sparkassen Group, a network of public banks with 50 million clients. This further positions FE fundinfo as a strategic partner for fund managers looking to connect investment product information and financial products to the largest distribution channels in Europe and the UK.
This acquisition marks the continuation of FE fundinfo’s mission to connect information about investment products and asset managers with distribution networks for investors. Its offering supports the entire fund management product lifecycle. It offers asset managers, structured product issuers and distribution networks access to the most accurate and timely information, enabling growth and helping to reduce costs, as well as manage risks for the investment management community.
Liam Healy, CEO of FE fundinfo, said: “FE fundinfo is committed to strengthening its position as a long-term strategic partner to the investment management community. The Dericon team has built a solid business and, through our partnership, we further strengthen our commitment and capabilities in Germany by more clearly connecting investment product information to distributors such as banks and savings banks for our clients common and future. For Germany’s 50 million individual investors, this will provide the best access to the widest range of investment opportunities through Dericon’s transparent and competitively differentiated solution, supported by FE fundinfo.”
Andreas Krause, founder and CEO of Dericon, said: “Dericon has built a reputation as a strong, innovative and reliable digitalisation partner for our customers and partners, and by serving them, we have gained a deep understanding of the German distribution market. With FE fundinfo, we are excited to broaden our reach and bring our data and technical capabilities to the broader international financial sector. We plan to further transform our innovative WMS platform into a comprehensive German distribution hub that accelerates access to market data and regulatory solutions, providing unrivaled value to customers.”