Electronic property settlements made ‘Sympli’


An intuitive and efficient electronic property settlements solution was announced yesterday by ASX Limited (ASX) and InfoTrack, which will support the national eConveyancing initiative.

Sympli has recently applied to become an Electronic Lodgment Network Operator (ELNO) and is expected to begin operations later this year.

ASX’s Managing Director and CEO, Dominic Stevens said ASX had been watching the evolution of electronic property settlements with great interest.

“By establishing Sympli in partnership with InfoTrack, ASX sees an opportunity to leverage its expertise and infrastructure to deliver a market- leading offering in property e-Settlements, which will make doing business easier and deliver efficiencies to its users.”

Sympli’s Chief Executive Officer, David Wills said: “Sympli is well advanced in developing a seamless and reliable technology solution that will automatically integrate with users’ existing practices and systems.”

“As Australia’s leading technology provider of end-to-end electronic conveyancing, InfoTrack is keenly interested in the successful adoption of e-Settlements across Australia with minimal disruption to market participants,” said InfoTrack Chairman, Stephen Wood.

“We have listened to feedback from the market and our clients who want choice between Electronic Lodgment Networks and the benefits that come from competition. InfoTrack has 18 years’ experience in working with industry to develop technology and services that support efficient property transactions and we are thrilled to be working with ASX on this important market initiative.

For more information about Sympli visit www.sympli.com.au