Acolin, a service provider for the asset management industry, has launched its own fintech unit in a bid to shape the digital transformation in the fund business.
Zurich-based Acolin has decided to split off its IT, data and web support unit and shifted these services to the new Acolin InfoTech division, the company said in a statement.
Increasing Complexity
Acolin launched the new company based on its assessment that the fund business globally is not structured as efficiently as possible. Reaching out to investors is getting increasingly complex and expensive for globally active fund managers. New regulation such as Switzerland’s Fidleg or MiFID II in the European Union will add to the complexity.
Providing Technological Help
Providing Internet-based and digital technologies will help fund managers deal with these hurdles, according to Acolin. They will help customers reduce their distribution costs and make information more transparent for investors.
