Aussie tech giant launches in UK with Sesame link-up

Australian software giant IRESS has launched in the UK by securing a long-term deal to provide front and back-office technology solutions to Sesame Bankhall Group.

Sesame Bankhall advisers will have access to XPLAN, the provider's "next generation" advice platform which it says will be fully RDR-ready.

Sesame said the technology will initially support its restricted advice and investment solutions propositions, before being rolled out to the wider group.

The UK division of IRESS will be run by the directors behind financial services consultancy AT8 group.

The agreement forms part of wider plans by IRESS, which also has operations in South Africa, New Zealand and Canada, to establish itself as a major provider of technology to the UK wealth management industry.

George Higginson (pictured), chief executive of Sesame Bankhall, said: "XPLAN will be Sesame Bankhall Group's advice delivery platform to provide tools in support of the transition to a service and fee-based world with streamlined business processes to help our firms maintain first class service to their clients."

IRESS managing director Andrew Walsh added: "IRESS is delighted to be selected and endorsed as a partner by Sesame Bankhall Group against strong global and UK based competition.

"The UK represents a strategic growth opportunity for IRESS and the opportunity to work with Sesame Bankhall Group to deliver a premier localised offering is unique and significant for both parties."

It is understood the AT8 directors are in discussions concerning the future of the consultancy business.