Join us on our journey
Many years in the making : massive opportunities to come
The PenTechX platform has been built and developed under wraps over many years and has appeared in different forms .
Now with the advent of cloud native computing and the state of the industry, it is the right time to kick start our journey in to the next phase.
The beginnings
2005
The idea for an online pension calculations engine was formed by Rob Mann our Founder.
In Progress
2010
After many code and architecture changes the model for the calculation engine was designed and the first few functions built.
Active Deployment
2014
A calculation engine delivered and implemented in to a large pension website.
PenTechX was first conceived!
In to the clouds
2017
PenTechX moved to MS Azure cloud platform and delivered our first cloud native calculation API.
Change the trajectory
April 2021
PenTechX and the PTXLab went live! We will start to accelerate and help design the PenTech landscape.
PipeLine
2021+
We have a catalogue of new functionality to add on to our PenTechX Platform and exciting ideas for using Artificial Intelligence and Machine Learning to help with our pension data issues.
Beyond the UK
2021+
Initially we will concentrate on our UK markets, but using the experience of our team, and our extensible product we are looking forward to expanding in to European and Global markets
The PenTech Revolution - why is not happening already?
The pensions industry is trying to transform itself.
Regulation, legislation, digital and user demand means it is obliged to move from the traditional paper communications, poor member journeys and legacy systems to match the superior experience enjoyed by users of FinTech.
This is 'PenTech'.
Our team have created analytical techniques and cloud technology solutions to solve these common issues:
Complex Multidisciplinary Problem
Pension systems are complex due to pensions rules and legislation and legacy systems.
Few True Pentech Providers
There are few true providers of PenTech to the pensions industry, and fewer are stepping up to the FinTech/PenTech challenge.
Poor Data
Pension data is poor, this means automation is near impossible using existing data and legacy systems.
Growing Demand
The industry is slowly changing but demand for tech solutions and embracing the digital revolution is accelerating way faster.
Legacy Systems
Existing pension systems cannot or are prohibitively expensive to modify to keep up with digital landscape.