News in brief - 10 July 2020

Smarterly has announced a rebrand to Cushon.

The fintech announced the rebrand with immediate effect, describing the shift as “an exciting new chapter in the company’s evolution”. The move shortly follows Cushon’s entry to the pension market through the acquisition of the Salvus Master Trust. The firm stated that it was looking to “disrupt the status quo” of the pensions market, with “some very cool tech announcements” in the pipeline.

O&M Pensions Solutions has launched a new financial planning software suite, FinCalc.

FinCalc is a modular financial planning suite comprising of O&M's flagship DB pension transfer analysis module, Transvas, and a new comprehensive cashflow module. The cashflow modeller system includes features such as stress testing, a client portal and full income tax calculations, and is the “first part” of their wider financial planning suite.

Equiniti (EQ) has launched a new automated complaints management product for the financial services industry.

The solution will allow firms to enforce their Financial Conduct Authority compliance immediately, and “on a continual basis as regulation evolves”. The machine-learning capabilities of the solution are expected to ensure companies meet regulatory requirements to a higher and more consistent standard, eliminating the risk of rule breaches. Therefore allowing staff to focus on individuals, and achieve better customer engagement and outcomes.

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