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KiwiSaver Transfers


 

Built for the New Zealand based KiwiSaver system, it applies the same messaging principles for the transfer of Member money between Funds.  This is currently a highly manual process.

 

To accomodate this:

  • Oban has set up a cloud based AS4 Message Hub to facilitate Fund-to-Fund transfers based out of Sydney
  • Each Fund participant has the 'Oban Key' (AS4 windows service) deployed on their premises
  • Transfer Request messages are sent between the sending and receiving parties
  • Transfer Transaction messages are then send back to the originating party

Automation is achieved by the Source Fund programatically dropping a file (message) into a pre-configured 'Oban Key' folder which is then securely and reliably sent to the Message Hub which in turn is passed onto the Target Fund.

Because this is an AS4 solution, the next logical step would be to facilitate Trans-Tasman transfers/rollovers between Australian and New Zealand Funds.