Fund Channel strengthens its KYC/AML capabilities by integrating Finologee’s KYC Manager
Luxembourg, 8 July 2024 – Fund Channel, leading B2B fund distribution platform jointly owned by Amundi and Caceis, announce it enhanced its KYC/AML (Know Your Customer/Anti-Money Laundering) capabilities through a partnership with Finologee. Thanks to the collaboration, a digital onboarding tool will be jointly developed to complete the oversight services offer.
Fund Channel will integrate Finologee’s KYC Manager, a compliance platform for digital client data and risk management to further streamline and automate onboarding process, optimize connectivity with end customer, front-office and compliance departments and ensure highest standards for regulatory adherence through a personalized customer experience.
“We are glad to collaborate with Finologee as we are always looking to reinforce our KYC/AML capabilities,” said Regis Veillet, Head of Business Development Fund Channel. “The integration of KYC Manager exemplifies a proactive approach to strengthen our platform’s single-entry point for AML/KYC and distribution due diligence. We aim at digitalising our service for the benefit of our clients and ultimately simplify the process with a secured operational flow”.
“Finologee’s KYC Manager simplifies internal processes, and assists to efficiently meet regulatory obligations in fund distribution. Additionally, it enables Fund Channel to provide a ‘KYC Managed Services’ offering in the future. We are excited about this cooperation,” said Jonathan Prince, CSO and co-founder at Finologee.
About Fund Channel:
Fund Channel is a B2B fund distribution platform operating in Europe and Asia. Since 2005, Fund Channel has been offering an all-in-one solution with innovative services to facilitate fund distribution, enhance transparency and improve processes for fund managers and distributors to strengthen their relationships with clients, partners and regulators.
Fund Channel has over 401 billion euros in assets under intermediation, and offers a “one-stop-shop” solution on behalf of 600 fund management companies and over 100 fund distributors.
A joint subsidiary of Amundi and CACEIS, Fund Channel is headquartered in Luxembourg, with offices in Italy, Singapore and Switzerland.
Read the official Fund Channel press release here
