What is phase one?
With a target date of October 2024, Velonetic will move all customers to a new single digital platform and processing services for open market and delegated authority business.
Phase one introduces data-centric, agile, and secure capabilities, including London market premiums and claims processing service (sequence three) and delegated authority premiums and claims processing (sequence four) services.
What's changing?
Understand the key changes that need to be implemented by market firms in phase one of Blueprint Two.
We have divided resources relevant to specific firms into two useful pages to help you prepare for phase one.
There are five key changes that need to be implemented by market firms in order to utilise the new digital processing platform, and to continue transacting in the London market:
Market gateway (ASG Adept)
Requirement to connect to the market gateway for all messaging
Messaging
Standard EDI messages in digital phase one will not undergo changes, but customised messages may be affected
New digital market services
Market firms will have access to new digital processing services (IPOS and ICOS), replacing all existing portals
Project and change management
Ongoing project and change management is required from market firms to implement the changes
Reporting
Reporting management will undergo changes, introducing a self-serve approach, with all existing reports accessible through the QlikSense reporting tool
Testing
Keep up to date with our two-stage testing framework, involving early user testing with a select group (Vanguard) and self-service testing for all market participants.
How to get ready
Explore our resources to help you prepare your firm for phase one changes.
Changes by role
Implementing change
Technical resources
