TISA to develop open standards to share people's investment data

13 member firms to oversee project

Tom Ellis
clock • 1 min read

The Tax Incentivised Savings Association has launched a project to develop what it called an 'Open Savings & Investment solution' in order to allow UK savers to "more easily control their key holdings and valuation data".

The association said the project's vision is to see financial services firms release their customers' data in a secure, standardised form so it can be shared easily between those businesses and with their clients. It said the project covers all consumer savings and investments, including ISAs, pensions, bonds, GIAs, insurance products and any other non-banking assets. Some 13 members of TISA have agreed to join a committee to oversee the project. These include Bravura, FNZ and GBST, which provide the majority of the adviser platform market with technology, as well as other financial serv...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Model Office launches AI compliance audit software for advice firms

Model Office launches AI compliance audit software for advice firms

Streamline client file reviews and compliance document audits

Isabel Baxter
clock 17 April 2024 • 2 min read
Twenty7tec unveils web-based CRM solution for advisers

Twenty7tec unveils web-based CRM solution for advisers

‘Advisers are tired of overpaying for technology that integrates poorly’

Isabel Baxter
clock 17 April 2024 • 1 min read
Growing technology use increasing adviser and client pressure

Growing technology use increasing adviser and client pressure

Nearly all advisers say investment clients have become more demanding

Isabel Baxter
clock 16 April 2024 • 1 min read