Wrkr Ltd (ASX:WRK) and MUFG Extend Partnership to Enhance AustralianSuper Services
Partnership Extension
Wrkr Ltd (ASX: WRK) has extended its strategic partnership with MUFG Retirement Solutions to deliver a comprehensive digital platform for AustralianSuper. This initiative supports upcoming Payday Super reforms and aims to enhance efficiency and compliance in superannuation administration.
Key Features
The new platform integrates Employer Portal, Clearing House and Gateway services, streamlining digital onboarding and contribution processing. It includes Payday Super and Single Touch Payroll functionality for regulatory compliance and offers out-of-the-box integration with MUFG Retirement Solutions’ core registry system.
Contract Details
The partnership has a three-year initial term with automatic renewal options. Wrkr and MUFG Retirement Solutions will work with AustralianSuper to develop a transition plan for existing and new employers that aligns with Wrkr’s Average Revenue per User targets once users are fully onboarded.
Executive Comments
Frank Lombardo, CEO of MUFG Retirement Solutions, ANZ said: “We are proud to partner with Wrkr on this next-generation digital platform for AustralianSuper. This partnership reflects MUFG Retirement Solutions’ commitment to putting our clients first, delivering world-class financial and retirement services through innovative technology and operational excellence.”
Trent Lund, CEO of Wrkr, said: “We are thrilled to be partnering with MUFG Retirement Solutions and AustralianSuper to deliver a cutting-edge, future-ready digital platform that will support AustralianSuper’s vision of being Australia’s leading superannuation fund for members. Our technology will enable AustralianSuper to enhance the employer and employee experience, optimise workflows and improve efficiency. This collaboration also underscores Wrkr’s commitment to making compliance effortless from hire to retire, and we’re excited about what is to come.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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