Big data functionality will be included in Financial Synergy's Acurity platform, as the firm positions itself to move into 2016.
The specialist superannuation and investment software provider announced the big data functionality this week at the same time as outlining recent growth within it consulting and research and development teams.
The company said that fund efficiency and online member engagement had been two of its areas of focus this year, with the Acurity platform adding another two million member accounts representing $150 million in funds under management (FUM).
Commenting on the developments, Financial Synergy chief executive, Stephen Mackley said the company was seeking to balance its growth strategy to ensure it continued to support existing and new businesses.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.