Fintel (FNTL) has secured a major enterprise contract with The Openwork Partnership, one of the UK's largest financial advice networks, to provide core technology solutions supporting its transformation programme.
The agreement will see Fintel's Plannr platform serve as Openwork's central customer relationship management (CRM) and adviser operating system, while the recently acquired Mortgage Brain will provide integrated mortgage sourcing capabilities.
The Openwork Partnership supports nearly 5,000 advisers across more than 800 firms, including Openwork, 2plan and Owl Financial. Its technology transformation programme aims to create a unified platform for mortgage, wealth and protection advice, bringing together more than 100 technology providers through an integrated ecosystem.
Plannr's API-first architecture will enable Openwork to connect multiple technology solutions, automate workflows and streamline adviser operations. The platform is designed to reduce administrative complexity, eliminate duplicate data entry and improve client engagement.
Openwork expects the new technology suite to save advisers up to 60 minutes per client case, while introducing enhanced automation and artificial intelligence capabilities to improve productivity and operational efficiency.
Fintel's CEO Matt Timmins said: "We are thrilled to be working with The Openwork Partnership, turning our shared ambition to simplify the advice journey, reduce administrative complexity, and give advisers more time to focus on their clients into a reality. This is a seminal moment for Fintel and a tremendous endorsement of Plannr, Mortgage Brain, and our core drive to unify technology applications to deliver the best client experiences and create real efficiencies for adviser businesses. Our vision is for advisers to have access to modern, connected technology that adapts to the way they work, rather than forcing them to work around the limitations of legacy systems. We own all of the software applications that advisers need to help them provide a first class service to their clients. The unification of these systems into a single operating model, augmented by AI technology, is the future of financial advice.”
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The Openwork contract represents a significant endorsement of Fintel's expanding software capabilities and its strategy to unify technology across the financial advice sector. The selection of both Plannr and Mortgage Brain demonstrates the complementary value of its technology portfolio following the recent acquisition, while providing an opportunity to establish its integrated solutions across a major UK advice network.