Global funds distribution platform MFEX has chosen to expand its partnership with NeoXam, a leading provider of financial data management and transaction software, to include its DataHub solution. The solution will support the changing data needs of its growing business.
MFEX, the leading funds distributors platform in Europe and Asia, is focusing on growing its fund distribution capabilities significantly, securing partnerships with the likes of Société Générale Securities Services, and closing its acquisition of RBC Investor and Treasury Services in April.
As a result, MFEX finds itself with an increasingly large and complex business. The data it needs to manage follows suit. Where an in-house solution was previously sufficient, MFEX needs now a scalable system to process the large amount of data generated by 940 Fund Companies and 300 distributors in 51 legal domiciles on a daily basis.
This is where NeoXam’s DataHub comes in, with a solution to replace several internal systems and populate a trading system with static and dynamic data.
Olivier Huby, Co-Chief Executive Officer at MFEX said: “Datahub stood out to us as it could be implemented quickly and also adaptable to our individual needs. We are looking forward to NeoXam’s innovative solution continuing to grow and change as we do”
Florent Fabre, Managing Director and COO at NeoXam, said: “We were excited to show MFEX the continuous investment that we put into keeping DataHub ahead of the curve. We try to be on the front foot of innovation when it comes to offering value-added features and adapting to new regulations, so as exciting trends like AI emerge in data visualisation technology, we’ll continue to adapt our solution to ensure we can quickly understand and answer our clients’ needs.”