05 October 2023: Today, Kneip, a leader in fund data management and reporting solutions for the asset management industry, FNZ, the global leader in wealth management platforms, and Nasdaq, utilizing its Nasdaq Fund Network (NFN) platform, have revealed a new partnership. The collaboration sees the introduction of standardized 5-character NFN identifiers for investment products on FNZ's global wealth management platform.
This effort will enhance transparency and streamline accessibility for investment products in Europe through the implementation of a widely adopted common standard framework. Through this expanded collaboration, investors will now have greater transparency on investment products and a more efficient buying process.
The NFN identifier will be visible on FNZ’s global wealth management platform and remove some common industry challenges when exploring investment options, which will improve the user experience for investors by simplifying how they can search for products on the FNZ platforms. Nasdaq’s NFN identifiers will be made available across their entire distribution network.
Kneip provides fund data management and reporting solutions for the asset management industry, covering 40% of the European UCITs. Kneip proactively manages clients’ data by providing accurate and consistent checks between vendors and platforms. Together with NFN, Kneip provides client data to the industry whilst leveraging the distribution channels of NFN to improve the discoverability of mutual fund symbols.
FNZ combines cutting-edge technology, infrastructure, and investment operations into a single, state-of-the-art platform, enabling global financial institutions to rapidly deliver personalized services and innovative wealth products that are seamlessly aligned with the needs of their clients.
Enrique Sacau, CEO of Kneip commented: “As the exclusive partner of the Nasdaq Fund Network in Europe for registration of mutual funds, we are particularly excited to be working with FNZ to solve problems for the industry and to make it easier for European investors to find funds.”
Adam Green CEO, Asset Management Solutions, at FNZ said: “We're delighted to partner with Kneip and Nasdaq to further accelerate innovation and transformation across the asset and wealth management industry."
We are excited to work with FNZ & Kneip to provide investors with greater transparency and a more efficient process for transacting investment products,” said Garrick Stavrovich Vice President of Investment Intelligence, Nasdaq.