Origo will be introducing the Origo Dashboard Connector, which is a comprehensive and cost-effective way for pensions providers to connect to the pensions dashboard.
The Dashboard Connector is expected to go live in September of this year.
The Connector’s design leverages Origo’s extensive experience in the market to offer pensions providers with an interface to the pensions dashboard, allowing them to respond effectively to clients’ pension data requests and offer pensions data 24/7, 365 days of the year.
The Origo Dashboard Connector offers three different types of services. The first, Connect, securely and compliantly links a pension provider to the pensions dashboard central digital architecture.
The second, Find, effectively responds to a citizen’s request to find out if a firm has a policy in their name. This may be customized in order to meet each provider’s individual data matching preferences/requirements. Using the Find service means that pension providers need not scale up their tech operations to handle policyholder finds and matches.
In order to facilitate the Find service, limited policyholder data is held on Amazon Web Services (AWS) with world innovative tech in place to keep it secure. When a citizen makes a request through the dashboard, the Find service analyzes a pension provider’s data to locate matching records.
The third element of the service, View, holds all the pension data needed to fulfil a citizen’s request and makes it available to the dashboard and the citizen themselves. As with the Find service, the pensions data that underpins the View service is managed in AWS.
Providers are able to choose if they want to Connect to the pensions dashboard, add the Find service, or add the Find and the View services. With the service, when a request comes in, the Origo Dashboard Connector will deal with it in full without requiring input from the provider. The pension provider simply has to update the data available to the Connector.
Anthony Rafferty, CEO at Origo, said:
“On a phased basis, all pension providers will be required to connect to the pensions dashboard to serve consumers with their individual data on request. If companies directly link to the central digital architecture, this could mean they receive millions of requests a year for their already stretched resources as individuals search for their details. For most providers that is a situation to be avoided.”
“As a complete service, the Origo Dashboard Connector takes away the technology and the resource issues for providers and helps them deliver on their legislative requirements cheaper, faster and with less risk.”
They also noted:
“Not surprisingly, the many providers we have spoken to want to connect via an interface connector, as it makes sense from a business perspective, with most opting for the full-service option because of its full functionality, which helps reduce their time and resource costs. Origo’s mission is to help connect the financial services marketplace for the benefit of everyone, so we are delighted to be able to use our expertise and experience in the market to deliver this service for pension providers.”