BT Panorama partners with fintech
BT Financial Group has gone live with its retail superannuation administration functionality by partnering with international fintect company, Avaloq.
The functionality was launched within BT Panorama.
BTFG said it had previously relied on multiple legacy systems to undertake administration functions but this new functionality would allow them to migrate to a more cost effective, single platform.
The ability to meet complex tax, regulatory, and compliance requirements associated with administration in the personal super segment formed part of BTFG’s ongoing Panorama project, which has now acquired 3,442 self-managed superannuation funds and 3,035 registered advisers since its initial cash hub launch in 2014.
Avaloq Asia Pacific general manager, Peter Scott, said the partnership demonstrated Avaloq’s commitment to the Australian market.
“The go-live of our Superannuation functionality within BT is a major step in the completion of the Avaloq wealth proposition for the Australian market. This new functionality will also open potential opportunities for Avaloq in other superannuation pension markets such as the UK and the Netherlands,” he said.
Avaloq regional director, Nick Frolich said the platform providers were adapting to keep pace with regulatory changes and demand from clients and their advisers.
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
