TIDMFNTL
Fintel PLC
02 September 2021
Schroders joins Just, Guardian, BMO and 91 Asset Management
to agree multi-year partnerships for Fintel's new managed
distribution solution
-- The managed distribution service, launched in 2021, is a
first-of-its-kind solution spanning research, data, design and
targeted distribution
-- The service enables product providers to build new products
and iterate existing products based on the ever changing needs of
today's educated, responsible consumer
-- The service is delivered through Fintel's digital portal,
allowing partners to access their data, and events and marketing
plans, in real time
02 September 2021 - Fintel (AIM: FNTL), the UK's leading fintech
and support services business, today announces that Schroders have
joined Just, Guardian, BMO and 91 Asset Management in committing to
multi-year agreements for its new 'Distribution as a service'
(DaaS) solution, a continuous service spanning research, data,
product design and distribution.
The new subscription service is another Fintel first and
includes market analysis via Fintel's proprietary insights, product
design, compliance consultancy and targeted distribution services
via Fintel's data sets and events programme, the largest of its
kind in the UK.
By using the service product providers are able to develop
highly tailored propositions using Fintel's segmental and behaviour
insights, whilst also increasing the effectiveness of their
distribution through targeted data sets. A key outcome expected
from the partnerships between Fintel and product providers is for
consumers to benefit from better products, more closely aligned to
their needs.
This is the latest innovation from Fintel as the company
leverages its acquisition of Defaqto to develop new digital,
data-led, expert consultancy services.
The subscription service will increase the proportion of
recurring revenues generated by the Company, improving the quality
of earnings to support the growth targets outlined at its Capital
Markets Briefing in December 2020.
Matt Timmins, Joint CEO of Fintel, commented: "Fintel operates
as the connecting force between product providers, intermediaries
and consumers, with a mission to simplify and improve how the
market operates through technology, people and insights. The launch
of our managed distribution service reflects our commitment to
simplify complexity, think bigger and deliver future focused
solutions to inspire better outcomes in retail financial
services.
"I am delighted that Schroders, Just, Guardian, BMO and 91 Asset
Management
have all agreed to multi-year partnerships for our new managed
distribution service, and I am confident that they will soon be
joined by other leading product manufacturers."
Doug Abbott, Head of UK Intermediary at Schroders, added: " We
are delighted to be partnering with Fintel, and we have already
seen the benefits of using their unique insight into the market to
power highly targeted distribution activity in an efficient manner
that benefits us, the adviser and ultimately the end consumer."
David Cooper, Group Marketing and Distribution Director, Just
Group, commented : "Retail financial services needs innovative ways
of inspiring the best outcomes for end consumers. Just Group have
entered a strategic partnership with Fintel that will do just that,
using their unique data and insight to power the right distribution
activity with the right advisers and the right clients in the most
efficient way possible ."
-ENDS-
Media Enquiries:
Mark Walter / Andy Lane
Instinctif Partners
fintel@instinctif.com
020 7457 2020
About Fintel:
Fintel is the UK's leading fintech and support services
business, combining the largest provider of intermediary business
support, SimplyBiz, and the leading research, ratings and fintech
business, Defaqto.
Fintel is the leading provider of digital, data led and expert
services to product providers, intermediaries and consumers to help
them navigate the increasingly complex world of retail financial
services.
Fintel provides technology, compliance and regulatory support to
thousands of intermediary businesses, data and targeted
distribution services to hundreds of product providers and empowers
millions of consumers to make better informed financial
decisions.
For more information about Fintel, please visit the website:
www.wearefintel.com .
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END
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