CURO has connected with Transact’s Remuneration API, allowing for the automatic reconciliation of thousands of clients’ adviser fees.
This automated process aims to remove manual data entry and the uploading of data files, providing the secure transmission of remuneration data directly to CURO.
CURO provides the remuneration data via a link to an API.
The data from Transact is then securely transmitted to CURO and automatically reconciled according to set tolerances.
Tom Dunbar, Transact deputy CEO, said: “Our strategy is to make financial planning easier.
“A key part of this strategy is building a much more integrated ecosystem between Transact and back-offices.
“Integrations reduce re-keying and create efficiencies which help advisers grow and service more clients.
“This latest API integration with CURO is another incremental but important step forward.”
Mitchell Philpott, T4A managing director, added: “We are delighted to see the Remuneration API with Transact already delivering efficiencies through automation.
“CURO will continue to be developed to streamline advice processes between CURO and Transact, reducing manual data entry and re-keying so advisers can focus on helping their clients with financial planning.“
Acumen Financial Planning Ltd, set up to use the new service, said: “The new electronic delivery of our Transact remuneration data into Time4Advice’s CURO is very welcome.
“As participants in the pilot project, we found the setup straightforward.
“This automation will save us significant time by eliminating the need to manually download, prepare, and upload files, and it streamlines the initial matching process.
“Overall, this service is expected to save us time each month across our multiple brands and payments.”
