"Always up to date – news from Fondsdepot Bank."

Fondsdepot Bank digitizes distribution for insurance companies with Elinvar

Germany's largest liability umbrella, the Fondsdepot Bank, and the digital platform Elinvar are jointly developing an advisory and brokerage channel that exclusively supports insurance companies in advising and brokering investment shares.

 

  • Fondsdepot Bank, Germany's leading fund platform, and Elinvar, the digitization specialist for business models in asset management, are entering into a strategic partnership. The aim is to develop a consulting and brokerage channel for all insurance companies under the liability umbrella of Fondsdepot Bank, which is tailored to the special needs of insurance companies.
  • The contractually tied agents under the liability umbrella of Fondsdepot Bank will in future be able to benefit from the expertise of both companies: The strategic partnership combines Elinvar's modern IT infrastructure and multifunctional, user-friendly front-end with the experience and regulatory know-how of Germany's largest liability umbrella. Further insurance companies are to be acquired for the liability umbrella.

With around 10,000 tied agents, Fondsdepot Bank is Germany's largest liability umbrella for well-known insurance companies in the market. Silent processing with simple processes for customers and agents is essential for the successful sale of investment units. In addition to legal security and service for the agents, the increasing user and customer expectations regarding usability must also be met.

In particular, the transformation of regulatory requirements into user-friendly sales processes requires comprehensive regulatory and technological know-how in addition to sales competence. Fondsdepot Bank and Elinvar are the ideal partners here, as they combine the necessary expertise to optimally master this transformation.

Elinvar's platform is geared towards business models in the area of investment and offers innovative solutions in the areas of user interfaces, cloud applications and analysis tools.  Fondsdepot Bank is the processing expert in the cooperation with insurance companies and has a full banking licence. Elinvar is also licensed according to §32 KWG - best conditions for the development of an integrated solution for a liability umbrella.

"With Elinvar, we have gained a strategic partner who will be permanently involved in the further development of our consulting and brokerage route for the sale of investment shares. Here, competencies will complement each other with the result that our liability umbrella will offer much more than just regulatory handling in the future. Together with Elinvar we will ensure process excellence and design processes from client to client. This means that we will offer everything integrated, from order to settlement," Sebastian Henrichs, CEO of Fondsdepot Bank, is convinced.

Chris Bartz, CEO of Elinvar, says about the partnership: "Focused on the insurance sector in Germany, we will jointly offer the digital, integrated solution with Fondsdepot Bank, which will control all steps from data capture to document management and archiving in a lean, transparent and legally compliant manner. The aim is to jointly set the market standard and ensure sustainable added value for existing and new customers alike.

In order to be able to play out further advantages as a noiseless unwinder, a scalable platform with all the advantages of digitization is offered. The aim of Fondsdepot Bank is to win additional insurance companies for its liability umbrella with a new state-of-the-art consulting and brokerage service. Due to the importance of the insurance partners and the size of the liability umbrella, the bank is investing heavily here. Thus, all insurance partners are offered an integrated solution which, on the one hand, enables legally secure and sales-optimised consulting/brokerage business under the liability umbrella and, on the other hand, offers the respective sales partners the possibility of individual adaptation and differentiation.


About Fondsdepot Bank GmbH

As the leading fund platform in Germany, Fondsdepot Bank connects markets: independent of banks and asset managers, it offers over 180 sales partners simplified access to investment solutions from a wide range of investment companies and the custody of their customers' portfolios in securities accounts. As the largest liability umbrella in Germany, Fondsdepot Bank also provides the legal, technical and organisational framework for advising and brokering shares in investment funds and asset management products. It manages around one million investment accounts with a volume of approximately EUR 40 billion in assets under administration. The Fondsdepot Bank gives end customers simplified access to a comprehensive, independent fund universe. For investment companies, Fondsdepot Bank offers the opportunity to offer their fund products to a wide range of distribution partners and end customers and to open up new distribution channels.

Further information is available at www.fondsdepotbank.de.

Press contact Fondsdepot Bank GmbH

Marco Pries
Team Head Marketing                                            

Phone: +49 9281 7258-2377
Mobil:   +49 151 1211 8433
e-Mail: presse@fondsdepotbank.de


About Elinvar GmbH

Elinvar offers banks the platform as a service for investment business models. The offering includes applications for core processes such as customer management, online onboarding, personal advisory support, portfolio management, reporting, invoicing, online customer access and communication as well as the connection of third-party service providers, e.g. custodian banks, market data or KYC providers. Elinvar's partners benefit from the combination of leading technologies and the optimal regulatory setup that Elinvar offers through the appropriate BaFin licenses. With this comprehensive approach, Elinvar offers its partners the unique opportunity to digitalize in one step and to develop individual solutions for the benefit of their own customers using state-of-the-art analytics.

Further information can be found at www.elinvar.de.

Press contact Elinvar GmbH

Lena Stork
Team Lead Marketing & Communications
Phone: +49 30 577 021 750
e-Mail: communication@elinvar.de

Your contact for press enquiries

 

Marco Pries
Team Head Marketing

Tel: +49 9281 7258 2377
E-mail: presse(at)fondsdepotbank.de