Recreo, Mine Super enter the cloud

Recreo has launched its long-awaited cloud-based superannuation and investment administration platform, developed in partnership with Mine Super.

Recreo and Mine Super said the cloud-based platform, named OneTrust, can manage a range of schemes, including defined benefit and defined contribution plans and features automated workflows.

Andrew Bain, chief executive of Recreo said: "Today we have delivered a cutting- edge technology solution into a market crowded with legacy platforms."

"We believe that our modern, cloud-based administration platform will deliver the efficiency, security, and flexibility the superannuation market is demanding."

Recreo said the launch is a "major milestone" in realising its vision to simplify the complexity of superannuation administration.

"OneTrust is able to leverage sophisticated monitoring, governance and security features, whilst minimising the overhead required to maintain traditional IT infrastructure," Recreo said.

The OneTrust platform is entirely hosted in the cloud, no longer requiring maintenance of IT infrastructure on-premises or application and hardware upgrades.

The move comes after Mine Super changed its administration systems to Recreo back in 2015, with the fund taking a minority stake in the fintech.

Read more: RecreoMine SuperOneTrustAndrew Bain
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