The organisation creates standards and services that allow advisers to confidently exchange critical and sensitive client data electronically with business partners. This automated approach has brought considerable time and cost savings.
Much of this data exchange was previously done on paper or over the phone. It was slow, expensive and errors could creep in. Pinsent Masons immediately understood Origo's plans to support the financial services industry in finding a better way of doing business and helped it to create the legal framework that would underpin its plans and allow it to offer these solutions to the whole financial services industry.
The framework gives the industry a standard approach to managing data transfer risks. Origo’s customer base is broadly based throughout the financial service industry, so our lawyers had to make sure that everyone's needs were suitably met by the framework.
It was our ability to balance the interests of a whole range of businesses, and Origo itself, that impressed the organisation.
"Their professional, enthusiastic and thorough approach to work is refreshing, and continually increases our confidence in their ability," says Michael Roe of Origo. "Our business partners are impressed by Pinsent Masons' contribution to the project which reflects well on Origo."
As business models within the industry changed and gave rise to new legal and risk issues, Origo asked us to update the project with second and third versions of the legal framework to ensure its continuing success.