News

Fund industry fintech is ready to collaborate

FinTechDisruptive financial technology companies in China and India are collaborating with other players as they develop online fund distribution methods. The emphasis on partnerships suggests asset managers could accelerate their distribution in the region by choosing the right partner, says consultancy Cerulli Associates. “In China, financial and non-financial players are moving toward collaboration and looking for synergies,” said a statement by the firm. “Fintech players such as Ant Financial, Tencent, and peer-to-peer lenders Lufax and Dianrong are even spreading their wings and forming partnerships in Asia.” India, meanwhile, has a range of online fintech services in the funds business, thanks in part to support from the regulator, the Securities and Exchange Board of India, which has backed online distribution. “Even in the midst of competition, collaboration remains the name of the game,” said the Cerulli Associates statement. “Asset managers therefore need to stay abreast of developments and look out for the right partnership opportunities.” ©2018 funds global asia

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