In conjunction with its development plan, BNP Paribas Cardif has signed a partnership agreement with Manymore to accelerate the digital transformation of its business with independent financial advisors (IFAs) and brokers. Beginning in April 2018, these partners will benefit from a full online process for savings and retirement savings contracts offered by BNP Paribas Cardif.
BNP Paribas Cardif has teamed with Manymore, a leading provider of software for the asset management industry, to offer new online services for its IFA and broker partners. These services will support the transformation of their profession and provide them with tools to facilitate day-to-day operations.
The solution developed by Manymore for BNP Paribas Cardif will allow independent financial advisors and brokers to simplify processes and accelerate transaction processing. This solution will be compatible with all the aggregators in the market, bringing partners the benefits of a consolidated vision of each client’s position, coupled with online management of contracts available from BNP Paribas Cardif. The solution will also be available via the dedicated partner website www.finagora.com. Transaction processing will be optimized thanks to a multi-device interface, as well as the integration of digital signatures and enhanced processing traceability. Cardif Elite will be the first life insurance contract to take advantage of this full online experience from April 2018.
“In an environment where the client experience is continually being redefined by web players, we will be offering a competitive online solution for our partners and their clients that leverages the expertise of Manymore. Pascal Perrier will soon join our team to lead this activity. This partnership is the first stage in the digital transformation of our business with independent financial advisors and brokers. Investments of 17 million euros have been targeted between now and 2020 to meet the needs of our partners and their clients,” says Jean-Christophe Boccon-Gibod, Director of Partnerships and Digital Business for BNP Paribas Cardif France.
“This partnership with BNP Paribas Cardif is a strategic development for Manymore. It allows us to expand our service offering with the Connective Software range to support the insurer as it digitizes the subscription process and other transactions such as redemption or trades. We are providing BNP Paribas Cardif with a cutting-edge extranet for transaction management by both the financial advisors that work with them, as well as the company’s own front and back-middle office teams,” adds Pierre-Laurent Fleury, CEO of Manymore.
Market Survey of
Independent Financial Advisors (IFAs)
and their clients with KANTAR TNS in 2017
80% of IFAs believe that it is important to invest in the digital transformation of their activity. Asked about their digital priorities in this area, 72% of them cited digitized transactions and 52% cited the development of digital solutions for communicating with their clients. 40% of them cited the reinforcement of their equipment as a priority.