Origo, a Fintech company focused on improving the financial services industry’s operating efficiencies, lower costs for market participants and improving outcomes for consumers, has joined Scottish Financial Enterprise (SFE) as it continues its expansion.
The organisation, established over 30 years ago, strives to positively shape the future of eBusiness through industry collaboration. In addition to its work for the industry, it is tasked with developing different aspects of the prototype service and has been involved in developing the technology to deliver the Pensions Dashboard.
Its Options Transfers services, which celebrates its tenth anniversary this year has transferred £150 billion worth of pensions and ISAs, reducing transfer times from roughly 50 days to an average of 11 calendar days.
Located in Edinburgh Park, just outside the city, it currently has 70 people engaged in maintaining and delivering existing and new services for the industry. Its shareholders include; Aegon, AIG, Aviva, AXA Wealth, Clerical Medical, Just Retirement, Legal & General, MetLife, Prudential, Royal London, Scottish Widows, Standard Life, Unum and Zurich.
Origo Will Strengthen SFE Activities
Anthony Rafferty, Managing Director of Origo, said: “We are delighted to have joined Scottish Financial Enterprise at a time when Origo is developing an even higher profile within the industry for creating solutions that deliver significant improvements to systems and services, helping progress the industry with greater efficiencies and the ability to better serve its end customers.”
“Origo has considerable experience of working collaboratively with the industry and draws on the significant talent within the Scottish financial services community. Joining SFE makes complete sense for us as it will help us connect further with other industry members as well giving us the opportunity to support the work SFE is doing to strengthen the industry and benefit the local economy.
“As part of SFE, we hope to have productive discussions with fellow members, government and policymakers on how we can further support innovation in the industry.”
Graeme Jones, Scottish Financial Enterprise Chief Executive, said: “We’re very pleased to welcome Origo to the SFE membership, which is increasingly attracting small and large Fintech businesses as they see the benefits of playing an active role in our community and collaborating with our cornerstone member companies.
“Origo has been a positive influence on financial services by developing efficiencies and creating costs savings for businesses, while also improving customer experience. We’re looking forward to linking Origo into the various SFE activities to strengthen and grow our sector and connecting them with the wider SFE membership.”