The Challenge

• Develop a cloud Gateway solution to interoperate with the Origo Transfer Service to facilitate pension transfers on behalf of a mobile savings and investment company.
• The solution must handle straight through processing (STP) of pension transfer requests and responses.
• The solution must be highly available and fault tolerant.
• The solution should be Origo Transfer Service API version agnostic.

The Project

• Analysis and modelling of the pension transfer lifecycle.
• Pension transfer in and out capability.
• Fully auditable pension transfer. All decisions, requests and responses are faithfully recorded.
• Granular event model developed for pension transfers.
• Origo Transfer Service API integration for pension cash transfers.
• Bespoke customer web service integration module incorporating business validation rules.

Project Delivery

• A Proof-Of-Concept was developed with the customer for pension transfer in capability before the full development pipeline was signed off.
• Project was implemented over a 12-week period split into four 3-week sprints before moving into UAT testing with the customer.
• After successful UAT testing the customer went live with the solution.

Project Benefits

• Enabled the customer to offer pension products and retirement services to the retail market.
• Access to over 70 counterparties participating in pension transfer automation through the Origo Transfer Service.
• Enabled rapid growth of assets under management (less than £1bn in April 2020 to more than £3bn April 2022).

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