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Orient system connects funds to complying data standards
Orient Capital is connecting 60 funds to its new platform to comply with the Australian Prudential Regulation Authority's (APRA's) data reporting standards which came into effect on 1 July.
The solution integrates data from custody providers, accounting systems and underlying superannuation administration systems and leverages off Orient Capital's existing miraqle platform. The provider said it would be available for lodging the first updated reporting requirements in October.
Orient was one of the players involved in APRA's testing pilot.
"Working closely with parties across the industry, Orient Capital has delivered a reporting platform that meets APRA's reporting standards and also has the flexibility to change and adapt to any future requirements," said Orient Capital chief operating officer Paul Gardiner.
"Orient Capital, through its relationship with Australian Administration Services and Link Super, is committed to remaining at the forefront of regulatory reporting services and any future changes imposed by the regulator."
The technology provider is a member of the Link Group, one of the superannuation industry's largest administrators.
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