Super cloud for Oz pension funds

IQ Business Group is hoping to attract Australia’s superannuation industry to a cloud solution, with the launch of its iqCloud platform.

The solution has been crafted to comply with the industry’s regulatory requirements, including security and privacy, risk, and audit rules.

Running at Sydney and Melbourne data centres, iqCloud is based on the company’s iqBoard corporate governance software. The company says it intends to roll out the cloud offering to other sectors already targeted by iqBoard.

The solution is based on Microsoft technologies including SharePoint and SQL Server. All processing is within Australia, and IQBG says it also offers a business continuity plan, disaster recovery plan, and an SLA covering service uptime.

A mobile device management solution in the system currently supports iPads, with the company saying it hopes to add other mobile devices in the future.

Ultimately, the full suite of solutions – including claims processing, data quality analysis, archiving and business reporting – will be rolled into iqCloud.

The launch is part of the growing move in Australia towards cloud platforms tailored to vertical industries. The nascent “community cloud” sector so far favours high-margin specialties like the finance sector and the pharmaceutical industry. ®