Veda alliance with ITM
Commercial data specialist Veda has entered into a strategic alliance with data specialist company ITM to provide superannuation customers with steamlined access to audit capabilities.
The arrangement, announced this week, will see Veda's superannuation customers being able to access ITM's data audit capabilities and the data interrogation tool DataSapient, while ITM customers will be able to utilise Veda's data remediation services.
Commenting on the move, Veda chief executive Nerida Caesar said the company fully supported the Government's focus on data governance across all financial institutions.
"We're excited to work with ITM in delivering the best possible solutions for the superannuation industry. The combination of our respective core capabilities will help funds retain and grow their customers within a cost-efficient, secure and privacy-compliant framework," she said.
ITM managing director Steve Shoreson said the relationship would improve the company's data audit capabilities and allow it to prove service levels.
Recommended for you
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.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.
