Digital Superannuation Admin

A Digital Superannuation Admin approach is a new far more efficient way of addressing the needs of Funds, Members and Regulators.  Traditionally, information moves from participant to participant in a semi-automated fashion that uses unencrypted proprietary data formats being transformed (sometimes manually) at each step, adding costs, risks and delays.  In contrast, Oban's Digital Admin Service uses a secure, fully automated standards-based approach to move information securely utilising an event-driven paradigm.

A legacy administration model assumes the Registry System is core to the business and the single source of truth.  While this may have been true twenty years ago, today, Members, Employers, Funds, Investment Managers, Insurers and Regulators are part of an interconnected digital network in which the source of truth is distributed amongst the participants and can change in near real-time.  The existing legacy systems and processes were never designed to interact with a secure standards-based digital network.

Contrast this with Oban’s Digital Admin approach that allows information to flow securely and rapidly between the various participants.  Importantly, this utility was designed to support the concept of distributed data where key information resides with many participants across the digital network including the ATO, Investment Managers, Banks, Insurers and Funds.   

Oban’s Digital Admin approach securely moves information utilising its standards-based automation gateways including SuperStream, SBR2, ACORD (insurance) and ISO 20022 (banking and investment).  Oban coordinates the information flow using the industry’s first and only ‘message and standards’-based approach.  This allows modern registry systems to form a seamless part of the larger digital network.

Furthermore, Oban's approach offers real-time bi-directional connections to CRM and Payroll systems.