The technology to develop employee benefits platforms is available today, but a lack of common standards makes integration one of the biggest hurdles facing their rollout, says The Platforum.
The employee benefits market is at an embryonic stage, says the platform development company's March white paper, with no full platform currently on the market. One critical factor holding back the development of an industry which the company says will bring "financial enlightenment" to employees is the absence of a centralised system. "To create a fully functioning, accessible online market for life and pensions products linked to HR and benefits, you need agreed standards, interoperable interfaces, a means of switching between products and providers and mass - the volume to kick-sta...
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