FE fundinfo, a key player in financial data services, has expanded its reach in the European market by acquiring Dericon, a German FinTech firm based in Frankfurt.
The acquisition, which is subject to regulatory approval, aims to provide FE fundinfo’s clients with direct access to one of the largest distribution channels for asset managers in Germany, significantly enhancing its regional capabilities.
FE fundinfo, known for its comprehensive financial data services, helps asset managers distribute their products across various networks. Dericon, on the other hand, has developed a robust distribution network used by over 150 leading banks and global investment houses, offering an innovative web-based solution, Dericon WMS, which supports the compliant structuring of financial products.
Through this acquisition, FE fundinfo’s asset management clients will gain access to Germany’s largest distribution channel via the Sparkassen Group, a network of public banks with 50 million customers. This strategic move positions FE fundinfo as a key partner for fund managers aiming to connect investment product information to major distribution networks in Europe and the UK.
Liam Healy, Chief Executive Officer at FE fundinfo, said, “ “FE fundinfo is on a mission to further its position as a long-term strategic partner to the investment management community. The team at Dericon has built a solid business, and through our partnership we further bolster our commitment and capabilities in Germany by more clearly connecting investment product information to distributors such as banks and savings banks for our mutual and future clients.
“For Germany’s 50 million individual investors, this will provide the best access to the broadest range of investment opportunities through Dericon’s transparent and competitively differentiated solution powered by FE fundinfo.”
Andreas Krause, Founder and Managing Director at Dericon, said, ““Dericon has built a reputation as a strong, innovative and reliable digitalisation partner for our clients and partners, and through serving them we’ve built a deep understanding of the German distribution market. With FE fundinfo, we’re excited to grow our reach and bring our data and technical capabilities to the wider international financial industry. We plan to further build our innovative WMS platform into a fully-featured German distribution hub that speeds access to market data and regulatory solutions, providing unrivalled value for clients.”
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