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
Two commentators have shared why cultural alignment can be the biggest deal breaker when it comes to advice M&A and how to ensure a successful fit.
With an abundance of private market options coming to market, due diligence becomes increasingly important as advisers separate the wheat from the chaff, adviser Charlie Viola has said.
The Treasury has launched a consultation into how the $47 million special levy for the Compensation Scheme of Last Resort will be funded.
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
