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Origo Integration Hub all but doubles signings in year

Anthony Rafferty, CEO Origo

Origo Integration Hub has close to doubled its signings in a year, bringing on an extra 20 organisations to take the total number of users to 42, with more in the pipeline.

Anthony Rafferty, CEO Origo (pictured) says: “Origo Integration Hub (OIH) has had a superb year as increasing numbers of companies have begun to see the benefits of using the service to integrate with one another and exchange data.

“We now have a growing number of companies from large providers to innovative new joiners to the market. OIH helps drive competition and innovation, by levelling the playing field for all players, which in turn will lead to better outcomes for consumers.

“OIH is a common-sense strategy for the industry, fulfilling the very real need for companies to be able to integrate with each other as quickly and as easily as possible, no matter how deep their pockets.

“In essence, it does away with the need for platforms, providers and software houses to undertake individual integrations, one-by-one with every single company with which they need or want to exchange data. Those kinds of point-to-point integrations are time consuming, demanding on resources and expensive to undertake.

“Companies need only integrate once, with OIH as a centralised system and then link to any other on the system undertaking the same process. So, for example, taking valuations from one system to another to enable financial advice firms to undertake client reviews and suitability reports.

“Currently, companies can link to carry out key data exchange tasks such as valuations, bulk valuations, account opening, remuneration, transfer tracking (for platforms/providers), and bulk transaction history, with further integrations in development.

“Also, point-to-point integrations have to be kept up-to-date on an ongoing basis. With OIH, any maintenance required, for example due to legislative or regulatory changes, can be carried out by Origo as one task rather than a company having to do it one-by-one, bit-by-bit with all its integration partners.

“OIH has gained considerable traction in the past year which is benefitting the industry as well as individual companies and we expect to see even more companies start using the service over the next 12 months.”

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