Origo hails success of Unipass
A survey by Origo has found that Unipass, the company’s digital identity service, is saving financial adviser firms over £2.4m a week in time that would otherwise be spent accessing online services and systems with user names and passwords.
Over 6000 people responded to the survey from all across the UK, including a broad range of advisers, paraplanners and administrators. Findings showed that time saved using Unipass amounted to 26,000 hours a week across the industry.
The research showed 92 per cent of respondents found financial websites easier to use with Unipass, 67 per cent used online services more often because they used the tool, 78 per cent used it on a daily basis, while 85 per cent said their administration costs were reduced.
Origo is a non-profit company owned by 18 of the UK’s leading life assurance groups.
Paul Pettitt, managing director of Origo, said: “Unipass is one of the industry’s biggest technology successes. It’s often the simplest operations that can be the most laborious and time consuming and, as such, costly to a financial adviser business.”