Financial services moved closer towards ecommerce today with news 1st Software is launching the first phase of its "portal" - 1st Services - that seeks to act as a type of hub enabling greater ease of use and cheaper electronic trading.
Rory Curran, executive chairman, says the use of the word portal does not imply a gauntlet laid down to quotes providers such as Webline or The Exchange, rather that the hub will build on the business done already through 1st’s Adviser Office desktop product. ”The point is to provide data anytime, anywhere,” he says. In practical terms it means it should be easier for users of AO can get access to providers online, while the hub design means IT updates affecting messaging systems dealing, for example, with contract inquiry and valuation requests can be done on a centralised basis rath...
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