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
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
