Origo Integration Hub, which provides a central facility for firms to integrate with one another for key functions such as valuations, remuneration and account opening, has seen the number number of companies signing nearly double from 22 to 42, over the past year, with more in the pipeline the Fintech says.
The Hub (OIH) does away with the need for platforms, providers and software houses to undertake individual/point-to-point integrations, one-by-one with every single company with which they need or want to exchange data, which can be time consuming, demanding on resources and expensive to undertake.
Companies integrate once, with the Hub as a centralised system, and then link to any other on the system undertaking the same process. As an example, taking valuations from one system to another to enable financial advice firms to undertake client reviews and suitability reports.
Anthony Rafferty, CEO Origo says: “Origo Integration Hub has had a superb year as increasing numbers of companies have begun to see the benefits of using the service to integrate with one another and exchange data.
“We now have a growing number of companies from large providers to innovative new joiners to the market. OIH helps drive competition and innovation, by levelling the playing field for all players, which in turn will lead to better outcomes for consumers.
“OIH is a common-sense strategy for the industry, fulfilling the very real need for companies to be able to integrate with each other as quickly and as easily as possible, no matter how deep their pockets.”
Currently, companies can link to carry out key data exchange tasks such as valuations, bulk valuations, account opening, remuneration, transfer tracking (for platforms/providers), and bulk transaction history.
The full list of platforms, providers and adviser software houses signed to OIH so far are:
Advance by Embark
Aegon Platform
Aegon ARC
Aviva
Adviser Cloud
Alan Steel
Barnett Waddingham
Benchmark Capital Fusion
Benchmark Capital Enable
Bluecoat
CashCalc
Centology
Clarity Global
Dentons Investment Services
Family Capital
Fidelity
Figure Out
Focus
GANDP
IFAMS
Intelliflo
JCS
L&G
LV=
Met Life
Moneyinfo
Moneylabs
O&M
Old Mutual
Openwork
Plum Software
Portafina
Prestwood
Profile Pensions
Selectapension
Prudential
Royal London
Sprint Enterprise Technology
Synaptic
Standard Life Aberdeen
Time4Advice
Wealthcraft