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.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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