Pillar takes on single platform
Pillar Administration (Pillar) will migrate from its current multiple platform environment to deliver its services using Financial Synergy's Acurity platform, the firms announced on Thursday.
Acurity will allow Pillar's clients to develop their products, services, fee structures, and digital experience offerings through differentiation capabilities of the platform.
Commenting on the move Pillar's chief executive, Peter Brook, said "Our implementation of core Acurity will take us beyond compliance confidence. It is a deliberate preparation for a 21st century way of administering and processing".
"This business transformation is critically important as we expand our own service offerings for digital and mobile engagement, positioning ourselves as a viable and highly compelling consideration for superannuation administration services," Brook said.
Financial Synergy's chief executive, Stephen Mackley, said the platform will offer Pillar a cost effective future and innovation as a service.
"Acurity will enable the levels of digital engagement they are looking for, speed-to-market with new products, and the ability to add new products cost effectively using a core solution," Mackley said.
Recommended for you
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
