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Focus system to speed up Skandia bond applications

IFAs using Skandia&#39s extra-net can complete investment bond applications electronically following the implementation of a system from Focus Solutions.

The Goal technology system allows product providers to offer intermediaries and consumers online applications without needing additional software. It will go live to 8,000 registered IFAs in March.

Skandia is the first provider to use the technology on its extranet but already uses the system to capture new business applications through IFA portals.

Senior e-commerce manager Anthony Scammel says: “Focus&#39s technology will enable us to help IFAs speed up applications. It will also reduce processing costs because customer information is validated automatically before submission, minimising errors prior to putting the business on to the books.”

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