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It is designed to allow advice practices and their technology providers to securely send data and fee consent forms to platform providers as well as manage return responses with any industry participant that implements the service.
Commenting on the move, Iress chief commercial officer, Michael Blomfield, said the service had been designed in collaboration with the industry and leveraged blockchain technology to authenticate agreement at each and eery stage of the value chain.
Matrix Planning Solutions chief operating officer, Tanya Seale, said the dealer group had been working on the solution with Iress, advice licensees and platforms since the beginning of the year.