FAC saves each Fund Manager £30m per annum
FundAdminChain (FAC) are challenging the way the funds industry operates by collapsing the supporting processes to significantly reduce costs, risks and processing times for fund transactions. FAC provides the infrastructure for the complete lifecycle of funds to be represented, traded and reported-on as digital assets, enabling those on the FAC network to share the same information on ownership and transactions.
The result is a leaner and more cost-effective future state fund management model. FAC invites you to play a lead role in the funds industry of the future.
GET INVOLVED NOW
Transforming Fund Operations
FAC saves each Fund Manager £30m per annum
FundAdminChain (FAC) are challenging the way the funds industry operates by collapsing the supporting processes to significantly reduce costs, risks and processing times for fund transactions. FAC provides the infrastructure for the complete lifecycle of funds to be represented, traded and reported-on as digital assets, enabling those on the FAC network to share the same information on ownership and transactions.
The result is a leaner and more cost-effective future state fund management model. FAC invites you to play a lead role in the funds industry of the future.
Product Overview
FAC removes 70% of the costs embedded in the current value chain within 2 years
The fund investment process is ready for change to vastly improve fund performance, and FAC delivers on this. In an industry served by a complex infrastructure of service providers, technologies, fund-specific processes and market structures, FAC brings simplicity, transparency and cost-savings. A new paradigm, uniting Distributors, Fund Managers, Administrators, End Investors and Regulators on a single, modern, secure platform, built on the highly scalable and secure Corda DLT technology.
FAC breaks down the legacy boundaries between distribution, transfer agency, matching, settlement, custodial & asset servicing, regulatory and transaction reporting to create efficiencies across the funds value chain. Our solution helps to future-proof your funds business, reducing your own costs whilst improving customers’ experience and returns.
Product Overview
FAC removes 70% of the costs embedded in the current value chain within 2 years
The fund investment process is ready for change to vastly improve fund performance, and FAC delivers on this. In an industry served by a complex infrastructure of service providers, technologies, fund-specific processes and market structures, FAC brings simplicity, transparency and cost-savings. A new paradigm, uniting Distributors, Fund Managers, Administrators, End Investors and Regulators on a single, modern, secure platform, built on the highly scalable and secure Corda DLT technology.
FAC breaks down the legacy boundaries between distribution, transfer agency, matching, settlement, custodial & asset servicing, regulatory and transaction reporting to create efficiencies across the funds value chain. Our solution helps to future-proof your funds business, reducing your own costs whilst improving customers’ experience and returns.
Current & future state fund operations with FAC
CURRENT
FUTURE
Current & future state fund operations with FAC
Product Benefits
Achieving better fund performance for clients
FAC brings market-traded and principal-traded funds into the digital age, aligning with best practices in tokenisation of all asset classes, with a view to future interoperability and ultimately offering the opportunity of atomic settlement of fund transactions. Our solution is not a small-step cost saving but instead a transformation that will stand the test of time.
Fund Managers
- Remove friction, risk and costs from the fund investment supply chain, optimising fund performance
- Significant opportunity to improve liquidity management
- Reduce reputational risk
Clients
- Lower cost of investment, and improved fund performance
- Improve fee transparency
- Enhance the user experience
- Additional source of revenue
Intermediaries
- Enhance the client experience with faster delivery and payment
- Reduce operational costs
- Focus on client acquisition
- Develop value-added services
Banks
- Fulfil a new role as intermediary exchanges
- Opportunity to acquire new clients
- Generate significant new revenue streams by pooling client cash and assets
Compliance & Regulation
- Privacy with transparency
- Reduced errors and risk
- Complete, accurate and timely data exchange and reporting
Product Benefits
Achieving better fund performance for clients
FAC brings market-traded and principal-traded funds into the digital age, aligning with best practices in tokenisation of all asset classes, with a view to future interoperability and ultimately offering the opportunity of atomic settlement of fund transactions. Our solution is not a small-step cost saving but instead a transformation that will stand the test of time.
Fund Managers
- Remove friction, risk and costs from the fund investment supply chain, optimising fund performance
- Significant opportunity to improve liquidity management
- Reduce reputational risk
Clients
- Lower cost of investment, and improved fund performance
- Improve fee transparency
- Enhance the user experience
- Additional source of revenue
Intermediaries
- Enhance the client experience with faster delivery and payment
- Reduce operational costs
- Focus on client acquisition
- Develop value-added services
Banks
- Fulfil a new role as intermediary exchanges
- Opportunity to acquire new clients
- Generate significant new revenue streams by pooling client cash and assets
Compliance & Regulation
- Privacy with transparency
- Reduced errors and risk
- Complete, accurate and timely data exchange and reporting
About Us
The future of fund management
FundAdminChain is a disruptor in the fund investment technology sector, founded by buy-side and DLT industry experts and in close collaboration with distributed ledger technology giant R3. Driven to enable Fund Managers to take control of the cost of investment and thus improve end investors’ returns on their hard-earned investments.
FAC offers forward thinking buy-side participants the opportunity to collectively shape the future of the funds industry, through a transparent, open partnership, with costs and operating principles governed by the participants of the FAC network.
$166bn
Estimated Annual Fund Servicing
FAC will target inefficiencies in fund servicing costs to deliver considerable savings
68bp
Average fund manager charges dropping to 53bp by 2025
Source: PWC 10/2018
$42bn
Estimated Annual TA costs
Cost centres within which FAC targets savings
About Us
The future of fund management
FundAdminChain is a disruptor in the fund investment technology sector, founded by buy-side and DLT industry experts and in close collaboration with distributed ledger technology giant R3. Driven to enable Fund Managers to take control of the cost of investment and thus improve end investors’ returns on their hard-earned investments.
FAC offers forward thinking buy-side participants the opportunity to collectively shape the future of the funds industry, through a transparent, open partnership, with costs and operating principles governed by the participants of the FAC network.
$166bn
Estimated Annual Fund Servicing
FAC will target inefficiencies in fund servicing costs to deliver considerable savings
$42bn
Estimated Annual TA costs
Cost centres within which FAC targets savings
68bp
Average fund manager charges dropping to 53bp by 2025
Source: PWC 10/2018
Meet the team
Brian McNulty
CEO
- 20+ years buy-side/fund admin, last 3 specialising in blockchain as Global Head of Services at R3.
- Serial entrepreneurial success (start-up to exit)
Ian Hunt
Product Design
- 30+ years buy-side/fund admin, last 2 in DLT.
- Senior advisory roles: HSBC, M&G, Insight, RLAM, RBS.
Emmanuel Rodriguez
Business Development
- 20+ years experience in Capital Markets across all asset classes.
- Contributed to launch of two regulated blockchain powered financial market infrastructures: NowCP-Id2S and IZNES.
Jonathan Canag
Project Manager
- 10+ years experience across custody, back and middle office services.
- APAC and EMEA asset management product experience.
Anton Sitnikov
Chief Software Architect
- Chief Software Architect.
- 15+ years solution architect.
- Corda expert and manager of team of 5 FAC Corda certified developers.
David Rutter
Advisor
- CEO of R3
- 30+ years wall streets top institutions.
- 10+ as CEO of Electronic Broking at ICAP and previous as co-owner of Prebon Yamane.
Mark Harrison
Advisor
- 30+ years funds, last 2 in blockchain / start-up growth.
- Senior strategy roles at BNP Paribas, Hermes, AMP AM.
Pete Townsend
Advisor
- 25+ years funds, last 3 in blockchain / start-up growth.
- Ex head of product and solutions BNP Paribas SS.
Meet the team
Brian McNulty
CEO
- 20+ years buy-side/fund admin, last 3 specialising in blockchain as Global Head of Services at R3.
- Serial entrepreneurial success (start-up to exit)
Ian Hunt
Product Design
- 30+ years buy-side/fund admin, last 2 in DLT.
- Senior advisory roles: HSBC, M&G, Insight, RLAM, RBS.
Emmanuel Rodriguez
Business Development
- 20+ years experience in Capital Markets across all asset classes.
- Contributed to launch of two regulated blockchain powered financial market infrastructures: NowCP-Id2S and IZNES.
Jonathan Canag
Project Manager
- 10+ years experience across custody, back and middle office services.
- APAC and EMEA asset management product experience.
Anton Sitnikov
Chief Software Architect
- Chief Software Architect.
- 15+ years solution architect.
- Corda expert and manager of team of 5 FAC Corda certified developers.
David Rutter
Advisor
- CEO of R3
- 30+ years wall streets top institutions.
- 10+ as CEO of Electronic Broking at ICAP and previous as co-owner of Prebon Yamane.
Mark Harrison
Advisor
- 30+ years funds, last 2 in blockchain / start-up growth.
- Senior strategy roles at BNP Paribas, Hermes, AMP AM.
Pete Townsend
Advisor
- 25+ years funds, last 3 in blockchain / start-up growth.
- Ex head of product and solutions BNP Paribas SS.
Get Involved
Stay tuned to FundAdminChain
Get Involved
Stay tuned to FundAdminChain
1: Monthly progress call
We hold an industry update call with over 20 Fund Managers and key fund market participants.
2: Focus group
An industry led FAC focus group is shaping the future state operating model for FAC. It is not only key that the business case holds but that we are clear on the share of the upside and that the Fund Managers themselves shape the future state commercial construct and operating model.
3: Partner with us
We want to partner with selected intermediaries to provide a global solution that can be adapted to local constraints & distribution channels. Contact us to find out more on our plans to partner and scale.
4: Simulation
We are running an FAC cross jurisdiction simulation in September. Over 20 Fund Managers, Distributors, Transfer Agencies and other key buy-side participants have already registered. Spaces are limited.
