Ascentric plans revamp of platform technology

Wrap Ascentric is considering a revamp of both its front end and back office technology.

The platform is reviewing its technology in an effort to improve its service for advisers and their clients and could outsource back office technology to a third party provider.

Dominic Ventham, Ascentric head of marketing, said: 'We are currently looking at our front end and back office technology to determine if there's a way we can provide a better customer experience.’

'We are also looking [to see] if we can integrate the front office with potentially a third party provider.'

Hugo Thorman, (pictured) Ascentric chief executive, said the group was conducting a ‘fairly intense review’ of its technology and was talking to everyone in the industry.

Key players in the platform technology industry include FNZ, which powers the Standard Life wrap, AXA Wealth's Elevate offering and the Zurich platform; GBST which runs the Novia wrap; and IFDS which has been in talks with fund groups including Jupiter and Threadneedle to use its Australian-based Bluedoor platform technology to launch execution only offerings.