Luxembourg headquartered fund data management, regulatory reporting and distribution support company Kneip and Fondsdepot Bank announced a new partnership on Tuesday 25 January. The two companies say the partnership will increase data accuracy in the German fund distribution process.

By launching the service in Germany, Kneip says it will collect data and documents for Fondsdepot Bank’s new Digital Frontend Tool which provides fund distributors and advisors with a digital access to all required information during the advisory and distribution process.

“It was very important for us to partner with Fondsdepot Bank to launch our Data Collection Service in Germany,” said Kneip CEO Enrique Sacau in a media statement. “By working directly with the market leader, we ensure that this new service has a deep impact on the quality of fund data available on the German market, which will bring better market visibility for asset managers, more reliable sources for fund distributors and more trust for end investors to select funds suited to their investment preferences.”

Sebastian Henrichs, Fondsdepot Bank CEO, said the bank was also delighted to partner with Kneip. “The solution is being integrated into our new state-of-the art advisory and brokerage front-end which enables partners for investment distribution in a fully digital and legally compliant manner,” said Henrichs. “Kneip sets the highest standards for itself – we as well as our distribution partners will immediately benefit from the quality of the data.”