FundsXML is a data transfer protocol allowing B2B and B2C activities in the mutual fund sector. The development of the standard was pushed ahead by various companies in order to achieve the integration of numerous working processes in the mutual fund sector, enclosing the foundation of a fund and the system of registration as well as the electronic data exchange, beyond the borders of companies and countries. The focus is put on the sales activities of the companies using the standard.

Whereas all kinds of mutual funds shall be integrated into the standard in the course of time, the focus is put on funds open to the general public during the first step.

With involvment of the original members FundsXML was developed as an open and free of charge sector standard for mutual fund information.

The development of the FundsXML standard was accompanied by public relations work to prevent the simultaneous development of a comparative standard.