The Investment Association (IA) has adopted data management solution Fundipedia, replacing its existing ECHOWeb fund data collection platform.
Fundipedia’s flexible reporting model allows IA members to create reports and dashboards that are customised to their individual requirements. From the platform’s increased data flexibility, users will be able to share more data without disrupting existing flows. As data collection will be automated, the IA will have no need for manual oversight.
The two organisations have collaborated before, with Fundipedia a member of the IA’s fintech accelerator programme, IA Engine, in 2020. In 2021, the firm partnered with the IA to produce the Common ShareClass Register.
Following the initial launch, Fundipedia plans to continue its work with the IA and introduce additional services and efficiencies.
Jack Knight, deputy chief executive of the IA, says: “[This] partnership will bring together our expertise in fund collection and reporting with Fundipedia’s automated data management solution, and we look forward to seeing the positive impact of Fundipedia’s services on the IA and our member firms over the coming months.”
Simon Swords, managing director of Fundipedia, adds: "With our proposed solution, the IA will replace the incumbent system and gain added value through a suite of enhanced data collection and reporting features that will benefit all members.”
