First four companies LIVE on Origo’s Integration Hub
Origo’s Integration Hub begins connecting platforms and adviser software suppliers.
Origo’s Integration Hub now has its first four companies using the increased speed, efficiencies and business opportunities the Hub offers to platforms, providers and adviser back-office software suppliers in the advisory market.
The first four joiners are; JCS, MetLife, LV= and Time4Advice (see below for their comments), with several more companies in the pipeline due to sign-up to this ground-breaking service.
Origo brought together a cross section of the industry’s platforms, providers, back-office and software companies, to work on the Integration Hub, bringing their knowledge and expertise to the table in terms of informing the operational and technology specifications.
Paul Pettitt, Managing Director of Origo, says: “The Origo Integration Hub does what it says on the tin, enabling individual companies to connect to one another through one central hub, regardless of which version of standard or bespoke integration is supported by their partnering systems.
“Integration is fundamental in the adviser market - enabling communications and data, such as real-time valuations, between firm systems and various platforms for clients, to be quick, cost effective and secure - reducing the risks to their business.
“Where integration doesn’t exist for example, advisers often have to either rekey from paper or screen, or download data from one system and manually input it into another. That is inefficient, has time and resource costs for adviser firms and leaves them vulnerable to mistakes being made. Not surprisingly, integration between systems is high on the adviser priority list.
“We are delighted to have been able to work with the industry and bring the Integration Hub to market. Now, platforms, providers and adviser software companies will be able to quickly, easily and cost effectively integrate with each other as the Hub grows – all without the hassle and expense of creating individual integrations.
“Importantly, as the service enables automatic connection to all other companies using the Hub, it provides the opportunity to easily connect with new trading partners if they wish - partners which IT and commercial considerations previously might have put beyond their immediate reach.
“Adviser firms should also begin to feel the positive impact in their businesses as more companies begin using the Integration Hub, creating a more streamlined, secure flow of data between all of the participating companies.
“With Origo’s Integration Hub, connectivity no longer needs to be cumbersome.”
Commenting as one of the first users to go live on the system, Barry Pitfield, Managing Director of JCS, adds: “The level of integration required from back-office systems has become ever more critical to advisers as they strive to reduce costs and enhance their services to clients. The industry has been waiting for an initiative like Integration Hub and I see it as a significant step forward for the industry.”
The first live message to pass through the Integration Hub was from Hartley Hepworth FBA in Sheffield. Managing director Glyn Hepworth said: "Setting up and accessing valuations from MetLife via Origo’s Integration Hub was free, easy and completely transparent. For us it was no different to all the other valuations we do on JCS but we are now looking forward to having many more links available via this new service, particularly with niche product providers, and covering more products."
Mitchell Philpott, Founder and Managing Director of Time4Advice, says: “Our philosophy is to concentrate on what we do best – client relationship and business automation software - and to integrate that with best-of-breed suppliers of complimentary technology and data services. Extending and maintaining those data services just became easier with the launch of Origo’s Integration Hub, which is why we are very happy to embrace the initiative and why we were one of the first companies to sign to the service.”
Jon Pocock, Head of Portals and Integration at LV=, says: “Origo’s Integration Hub will make the setting up of new integrations much easier, reduce the ongoing costs of maintaining those integrations and ultimately make it simpler to add more complex products going forward.”
Find out more about our Integration Hub >