Finscape is pleased to announce that Q2 data went live last week, a month after the quarter end. Based on eight platforms’ data, assets under administration rose to £318bn, while quarterly gross and net sales were £29.8bn and £5.8bn respectively. The percentage of flows under influence rose to 46%.
Finscape is designed to process daily transactions and deliver fresh, timely and relevant data a few days after month end. Most platforms are delivering monthly data, but this is expected to change to weekly and daily data over the next 12 to 18 months, reducing the 3 to 4 week timescale progressively.
Finscape MD, Bella Caridade-Ferreira, commented “We’re absolutely delighted with our progress since our October 2020 launch. We now have 65% coverage of the platform industry, eight platforms are actively providing data to Finscape and we’re onboarding another five platforms – given the pandemic and its substantial impact on platforms, that’s pretty good going.”
“Coincidentally, asset managers also number eight and we’re exciting to be onboarding some big fund managers in the coming weeks. Interest in what Finscape can achieve is spreading like wildfire through the asset management industry.”
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Notes to publishers
Finscape is an end‐to‐end solution that will help investment providers streamline their market intelligence needs, save time and reduce costs. Finscape gives investment providers a comprehensive, accurate and trusted view of their client book dovetailed with the wider market.
After 18 months of design and development, the system launched in October 2020. Since then, Finscape has added 13 platform clients and eight asset management clients to its roster.
Finscape is a joint venture between leading investment research house, Fundscape, and financial services systems supplier, Altus. Altus software manages most asset transfers between UK platforms and has been ISO 27001 accredited since 2017.
For more details about our distribution intelligence software, please visit www.finscape.co.uk.
For more information, please contact:
Bella Caridade-Ferreira, Joint Managing Director.
Tel: +44 (0)7980 241298, firstname.lastname@example.org