Transact and Moneyinfo have announced an upgrade that will reduce rekeying and bring account opening into one “seamless digital experience.”
The duo said the enhancement to their integration will allow firms to prepopulate a Transact application using the data already held in Moneyinfo.
This will mean reduced manual rekeying, less risk of error, improved data integrity and faster and more efficient processing.
Advisers can now create illustrations, initiate guided applications, share documents securely and capture client consent directly inside their Moneyinfo portal, with all relevant data flowing into Transact in real time.
Tessa Lee, managing director at Moneyinfo, said: “We believe straight through onboarding should be the rule – not the exception. This launch is a significant step forward for firms that want to bring clarity and pace to their client experience.”
Lee said joining up adviser workflow, client interaction and platform processes is helping firms remove friction, improve accuracy and release time back to advisers so they can focus on advice.
“This integration shows what’s possible when technology providers commit to building around the needs of advisers and their clients,” she added.
Tom Dunbar, CEO at Transact, commented: “We want to make financial planning easier for advisers and deeper integrations are a part of this strategy.
“When clean data flows securely, when consent is captured digitally and when the adviser can move seamlessly into our guided application, the entire process becomes more efficient. We will continue to help firms deliver efficiencies in their businesses and make financial planning easier.”
Main image: kevin-mak-URbD5KKvGmU-unsplash
