SimplyBiz replaces Defaqto with Synaptic Research suite from Capita

SimplyBiz members were previously offered access to Defaqto’s Aequos system.

The support service provider have confirmed that the three year deal will involve issuing over 1,500 licences over the coming weeks for Capita’s research suite enabling advisers to analyse, compare, and justify recommendation for retirement, protection, and investment products.

Within Synaptic is data for over 97,000 funds and live, real-time protection quotations powered by Webline.

Commenting on the new deal, SimplyBiz, Managing Director, Matt Timmins, said:

“Synaptic was chosen after an extensive review of the software available to advisers. We are extremely impressed by the comprehensive and state of the art technology that Synaptic offers and are confident that the system will aid our members in conducting and reporting their research. Synaptic provides advisers with tangible support in the advice process that is equally relevant now and beyond RDR. In my opinion the Synaptic suite of products is head and shoulders above any other offering in the marketplace. It is intuitive, innovative and quick to operate. I believe advisers will find it a pleasure to use and will help improve productivity and enhance their research offering to clients”.

Capita Financial Software, who launched the first platform due diligence service, Synaptic Comparator this year, was created in 2008 following the acquisition by Capita of three IF