Challenger Financial Services Group is acting to bring its niche platform business, Synergy Capital Management, up to speed with the major players in the competitive platform industry.
The addition of IT hardware and software systems is intended to allow the platform to process transactions up to 10 times faster.
A number of initiatives designed to ensure core business systems can keep pace with the rapid growth in inflows anticipated by the platform have also been planned, with completion expected by June 2008.
The plans were announced after Challenger identified Synergy as a key driver of value within the company.
