On the 27th of March, 2019 the second openfunds event in Switzerland took place in Zurich with the topic “Mastering the flood of data efficiently”.
There were interesting presentations by BlackRock about the current challenges with regards to fund data management, by the openfunds association and FundsXML concerning the implementation of the openfunds standard, and by UBS about how data has become the “oil” of the financial industry.
It was also demonstrated how regulations influence the number of necessary data fields, how important industry-recognised standards are, and why their importance will only increase in the future.
In addition, it was explained how an active membership with openfunds can positively influence the standard to the benefit of the global fund industry.