Straight Through Processing (STP) is now offered on Fidelity’s range of account opening and trading services, says Origo.

The integration between Fidelity Adviser Solutions’ platform and the Origo Integration Hub should improve linking with advisers’ back-office software suppliers. 

The partnership will enable Fidelity to link with multiple adviser systems through a single connection, rather than with each one individually.

Origo says to benefit from the service, the back-office software system used by advisers must link with the Origo Integration Hub.

Once this is done they can open accounts and conduct transactions - including buys, sells, switches, re-registrations and cash transfers - which will be received directly by Fidelity. 

This should remove the requirement for advisers to re-key data manually and allow them to transact with Fidelity from within their back-office system, saving time and reducing costs.

Samantha Christopher, head of proposition, strategy and growth for Fidelity Adviser Solutions, said: “One of the biggest challenges advisers face is the burden of administration - incurring additional costs and taking up time which could otherwise be spent supporting clients. Working with Origo, we can streamline the process of administration and develop a far more efficient process for the transfer of information, ultimately creating more time for advisers to spend in other areas of their business.

“Since the partnership launched in December, we’ve processed over 11,000 instructions for Skipton Building Society and Clarity. We hope to increase the range of software suppliers we work with in the coming months, allowing us to support an increasing number of clients who could benefit from STP services.”

Anthony Rafferty, CEO of Origo, said: “Better integration is key to taking out the heavy lifting from the industry’s operations, making them more time and cost efficient, and thereby helping deliver better service to clients. There are now 46 companies signed to the Origo Integration Hub, using the integrations which fit with their business models. Partnering with Fidelity Adviser Solutions provides a superb example of the benefits to be gained by product providers, platforms and adviser businesses when they use a centralised hub for key account, data and transactional operations.”