TISA Universal Reporting Network (TURN) names Kneip as solution partner

By Megha Bhattacharya

Fund data management provider Kneip has been named as a TISA’s Universal Reporting Network (TURN) solution partner. The introduction of solution partners is expected to provide value-add services, investor disclosure, publication as well as fund distribution solutions for asset managers and distribution businesses using TURN.

Ulf Herbig, Head of Product at Kneip, said, “At Kneip we are determined to solve our clients’ problems and recognise how valuable it is for the industry to come together and make it easier for asset managers to comply with the ever-changing regulation and to make fund distribution more effective. As a founding member of TURN, Kneip sees that such an initiative is a great step in the right direction.

“By joining the panel of solution providers for value-add services, we know this is a brilliant opportunity to ensure greater collaboration within the industry. Kneip is delighted to be a part of it and look forward to the next step in our journey with TURN.”

TURN members will now be able to utilise Kneip’s products and request RFPs. This will assist asset managers in their market compliance, reduce regulatory and operational costs, and provide a better service to investors. Kneip stated that it will also be activating its authorized channel for the company’s clients to make their EMT data available to other businesses via TURN.

Gary Bond, CEO of TURN, said, “Timeliness and accuracy are consistent issues which TURN can resolve. We’re delighted that Kneip has been named as a solution partner and know its platform, will provide users with a flexible and more personalised service to better suit their needs. This approved panel of providers will make TURN, an industry run not-for-profit, the go-to partner for the European asset management and distribution industries across Europe.”

Recently, TISA Universal Reporting Network (TURN) announced the launch of their platform, that aims to ease regulatory reporting requirements of MiFID II and is now available across Europe based on blockchain technology. Pete Davies has been appointed the Chair of the TURN Governance Board. Firms who have so far signed up for TURN include Allfunds, Calastone, Deutsche Bank, Fidelity International, Link Group, MFEX, KNEIP, Transact Deutsche Wealth Services, FNZ, and Fund Connect.