The hub enables firms to swap information and data with each other more easily and improves integration between providers.
Anthony Rafferty, CEO of Origo, said: “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.
Companies can link to the hub 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.
Mr Rafferty says he expects more companies to join the hub over next 12 months.
Providers so far signed to the OIH are:
Advance by Embark
Benchmark Capital Fusion
Benchmark Capital Enable
Dentons Investment Services
Sprint Enterprise Technology
Standard Life Aberdeen
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