Category: Financial Services

Group insurance companies need to provide higher service levels to their stakeholders—employers, employees, brokers, other ecosystem partners, and their own insurance personnel—to remain competitive. Using Vitech’s V3locity Application Service allows group insurance companies to exceed the necessary service levels (short-term and long-term) while offloading the management of the associated application and infrastructure services to Vitech, through its collaboration with AWS.

Financial services customers face new industry regulations that require additional compute capacity up to 10 times to meet their regulatory demands. Learn about new service integrations and functionality that make TIBCO DataSynapse GridServer on AWS a great match to run grid computing workloads. These integrations help customers scale their grid workloads to take advantage of the compute elasticity and flexibility of AWS and GridServer without up-front capital expenditure.

Customer onboarding remains a challenging and time-consuming process for most banks. Both digital and traditional processes are often overly complex, resulting in lower conversion rates and higher cost of acquisition. To overcome these challenges, numerous financial institutions have started customer onboarding online. In this post, walk through the use case of one of the largest financial institutes of Europe for whom Infostretch provided a substantial breakthrough to onboard the customers digitally.

Montoux’s next-generation decision science platform for insurers uniquely combines actuarial and data science in its software, providing a modern, flexible, and sophisticated alternative to legacy actuarial software. Learn how the AI-driven model replication module is specifically developed to support an insurer’s transition to cloud and reduces the time, cost, and effort required to migrate to a new platform.

By avoiding inspections, insurers lose the opportunity to adequately consider all factors during underwriting and take on more risk. TCS has built a virtual inspection solution on AWS that is customizable to various inspection use cases, such as home insurance inspections and claims, auto claims damage assessment and estimation, and mortgage inspection. This post provides an overview of the TCS virtual inspection solution, describes the high-level architecture, and explores the potential business benefits for insurers.

Financial institutions need to keep up with fast-changing market conditions while increasing digital adoption. To provide an end-to-end digital experience to customers, they need capabilities to rapidly validate ideas and conduct experiments or PoCs with an ability to iterate quickly towards the final solution. Virtusa’s Open Innovation Platform (OIP) is hosted on AWS and helps banks and financial services firms to achieve these goals quickly, efficiently, and at low cost.

Open Finance from AWS ISV Partner FinConecta is a full-fledged API management platform that allows financial institutions to quickly expand their product offerings by enabling secure, reliable, and faster integration of third-party digital solutions. By implementing Open Finance, institutions will have quick access to valuable digital services, developed by third parties, without requiring the execution of traditional software development and implementation projects, in a secure and controlled manner.

Digital continues to redefine the customer journey for banks, and the usage of digital channels is driving the next generation of customer experience. Learn how HCLTech’s Ziva, FluidCCI, and APIHub solutions are fully built on AWS and form an end-to-end Bank 4.0 offering for traditional and digital banks looking to transform their agent, business, and customer experiences for digital differentiation and/or cost reduction initiatives.

Learn how Q2, a financial experience company that provides digital banking and lending solutions, worked with AWS ISV Partner ALTR, a provider of data security as a service that runs exclusively on AWS, to launch a PCI DSS-compliant application in a fraction of the time it normally takes to achieve certification. Q2’s Biller Direct application provides a centralized payment environment where users can enroll, manage their bills, and view projected spend.

Insurity Analytics provides continuous access to insights on the health of an insurer’s portfolio through data visualization tools and a streamlined, adaptive user experience. It enables insurers to identify trends and patterns, such as high- and low-performing policies, and deliver insights into predicted pricing benefits. Learn how Insurity Analytics prioritizes security, redundancy, and resiliency of its end users.