Founded as a Spanish bank in 2000, Allfunds provides institutional access to local and international funds (mutual funds and ETFs) facilitating third party fund distribution and consolidating open architecture solutions. Allfunds is a 'wealthtech' company with a service offering which includes big data and analytics, portfolio and reporting tools, research and regulatory services. Allfunds Bank, S.A.U. operates as a branch of Allfunds Bank, S.A (Spain).
Becoming a client of Allfunds Bank, S.A.U. can be done in a few steps:
Due to regulatory requirements Allfunds Bank, S.A.U. performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Allfunds Bank, S.A.U. will ask him/her to provide the following documents: passport; proof of address. For corporate clients Allfunds Bank, S.A.U. will ask to provide corporate documentation as well as information about controlling persons. Allfunds Bank, S.A.U. may request additional documentation or information depending on the case.
Allfunds Bank, S.A.U. participates in the deposit guarantee scheme of Spain. This deposit guarantee scheme applies to credit balances on accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Allfunds Bank, S.A.U. is a member of Fondo de Garantía de Depósitos de Entidades de Crédito (FGD) and makes its contributions into it.
Allfunds Bank, S.A.U. is located in PARIS.