Context
The IUA has published details of a dedicated company market support programme for the adoption of new digital processing services in the London Market.
Key points to note and next actions
- Last week the target cutover date for switching to phase one of the single digital platform under the Blueprint Two project was postponed
- The decision was taken to ensure that the change can be conducted safely with ample time for training and testing.
- Taking time to ensure that the cutover to new digital services is conducted safely and smoothly is the correct approach. There are huge benefits to be reaped from a digital marketplace, but there is much work to be done to get there.
- Blueprint Two progress is also being monitored by an IUA Cutover Review Committee which met for the first time earlier this month. The group reviews information about the readiness of the London company market, and Velonetic to make the switch and provides advice to the IUA Board.
It will continue to meet at least monthly until the cutover has been achieved and is comprised of senior practitioners with expertise in information technology and security, digital transformation and business processing.