Technology

Focus Solutions Extends Bank Of Ireland Wealth Product Contract

Tom Burroughes Group Editor London 27 October 2010

Focus Solutions Extends Bank Of Ireland Wealth Product Contract

Focus Solutions Group, which supplies multi-channel distribution software to financial services firms such as wealth managers, has extended its contract with Bank of Ireland.

The contract is to operate the firm’s “focus:360°” wealth management product. The contract extension is worth around £300,000 (about $475,000) in licence fees over a five-year term in addition to the current contract revenue, plus an additional £375,000 in professional services. The group anticipates this to be the first phase of a larger project which will run over the next year.

Under the terms of the contract, Bank of Ireland Life will be extending its focus:360° platform to support its mass market channel of around 130 advisors in addition to the newly-created mass affluent advisor channel that went live last year. Both channels will be supported from focus:360°’s single platform.

Focus Solutions’ clients include firms such as St James’s Place and HSBC.  

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