LONDON, April 11, 2023 – Capco, the global technology and management consultancy, and fintech Origo have partnered to ensure pension providers are well-positioned to connect to the central digital architecture that underpins the UK’s Pensions Dashboard initiative. When the Dashboard launches later this year, it will provide UK savers with a consolidated ‘one-touch’ view of their pensions information, including their state pension.
The new partnership brings together the benefits of Capco’s audit and readiness solutions and its expertise in project management with the advanced capabilities of the Origo Dashboard Connector. Together, Capco and Origo will help pension providers to effectively meet their Dashboard obligations, while delivering a pensions dashboard experience that offers enhanced data readiness and connectivity.
When an individual submits a dashboard request for their pension details, the Origo Dashboard Connector automatically checks, matches and returns the relevant data held by providers. It also addresses and resolves any issues that arise when only partial matches are initially returned. To facilitate this, Capco will ensure that the necessary data across providers’ books of business, administration platforms and operational systems is successfully sourced, gathered and readied for sharing.
Roland Inglis, Partner & Head of Scotland at Capco, said: “We are pleased to draw upon Capco’s long heritage of innovation, data expertise and digital transformation to support the pensions industry. When pensions dashboards go live, there will be millions of requests for pensions data. Through this partnership, we can ensure that pension providers have access to a robust, comprehensive and scalable solution to handle their processing requirements in a secure a fully compliant fashion, ahead of the deadline to connect to the central architecture.”
Anthony Rafferty, CEO at Origo, said: “Origo is building the central digital architecture for the Dashboard, and we have a separate team that has designed and developed the Origo Dashboard Connector to give providers a straightforward and cost-effective way to connect to that architecture.
“Providers and schemes will receive multiple fields of data from the Dashboard and will match it with their records. However, where there is a partial match, for example where the forename, surname and date of birth match but the address provided is different, providers need a robust process in place to help deal with it.
“Working with Capco, we can deliver an additional dimension for users of the Origo Dashboard Connector, enabling providers to better prepare their data ahead of their connection deadline.”
Media contacts:
Capco
Lansons Communications
capco@lansons.com
Origo
KGR Media Services
+44 7900 931 305
About Capco
Capco, a Wipro company, is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. With a growing client portfolio comprising of over 100 global organizations, Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting-edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. To learn more, visit www.capco.com or follow us on LinkedIn, Instagram, Facebook, and YouTube.
About Origo
Origo is the fintech company dedicated to connecting the financial services marketplace for the benefit of everyone – boosting efficiencies, improving performance, and reducing integration costs, while significantly improving financial outcomes for consumers.
In May 2022, Vespa Capital partnered with the Origo leadership team in taking the fintech independent, with the governance structure and support to invest in developing existing offerings and deliver new solutions for the pensions and wider financial services markets.
Capgemini and Origo have been appointed to supply the core digital architecture for the Pensions Dashboards Programme (PDP) and will be working with the PDP to help deliver the service for the benefit of UK pensions holders. For more information: https://origo.com/origo-services/pensions-dashboard