At the German Investment Funds Association (BVI) offices in Frankfurt am Main on 30.09.2014 we presented “openfunds – an initiative to increase efficiency and quality in the exchange of fund data”.
The volume of data in the fund business, the necessity for that data to be of high quality and the speed of information transmission have all greatly increased in recent years. Despite this, fund data are still largely transferred in very old fashioned ways, even today. This area increasingly presents many fund companies and their resellers with challenges in their daily business. This is why large fund distributors and fundinfo set up the openfunds initiative. The objective of openfunds is to create a uniform foundation for the interpretation of data fields to guarantee the trouble-free, automated exchange of data. The speakers introduced the openfunds data standard and demonstrated the simple but effective new ways fund data can be accessed.