Transact and Moneyinfo have launched an enhanced integration that introduces straight-through account opening, enabling advisers to complete the full onboarding journey within a single digital workflow.
The upgrade removes the need for duplicate data entry by allowing firms to prepopulate Transact applications using client information already stored in Moneyinfo.
The integration enables key onboarding tasks – including generating illustrations, initiating guided applications, sharing documents and capturing client consent – to be completed inside a firm’s branded Moneyinfo portal.
All relevant data then flows into Transact in real time.
Once consent is provided, advisers are transferred directly into Transact, where the guided application continues with pre-loaded information.
Tessa Lee, managing director at Moneyinfo, said: “We believe straight through onboarding should be the rule – not the exception.
“This launch is a significant step forward for firms that want to bring clarity and pace to their client experience.
“Joining up adviser workflow, client interaction and platform processes is helping firms remove friction, improve accuracy and release time back to advisers so they can focus on advice.
“This integration shows what’s possible when technology providers commit to building around the needs of advisers and their clients.”
Tom Dunbar, CEO at Transact, added: “We want to make financial planning easier for advisers and deeper integrations are a part of this strategy. This enhancement with Moneyinfo saves time, removes re-keying and reduces risk for advisers.
“When clean data flows securely, when consent is captured digitally and when the adviser can move seamlessly into our guided application, the entire process becomes more efficient.
“We will continue to help firms deliver efficiencies in their businesses and make financial planning easier.”
Veronica Piserchia, Thomson Tyndall, a mutual client partner, added: “Moneyinfo and Transact have created an onboarding journey that will lift a significant administrative weight from our teams.
“Being able to start and complete the account opening process in one place will give our advisers more time with clients, while delivering a clearer and smoother experience for investors.
“For a firm of our size, gains in speed and accuracy flow straight through to our operations, helping us work more efficiently and with greater confidence as we continue to enhance our digital servicing.”
