Gerald Celente

Sapiens Wins Two Celent XCelent Awards and Recognized as ''Luminary" for IllustrationPro for Life & Annuities

Retrieved on: 
Tuesday, November 28, 2023

Research and consulting firm Celent analyzed 13 illustration systems for North America life and annuities insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions serving the insurance and financial services industries.

Key Points: 
  • Research and consulting firm Celent analyzed 13 illustration systems for North America life and annuities insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions serving the insurance and financial services industries.
  • "As an industry leader, Sapiens is proud to accelerate our clients' digital transformation and advanced market offerings to support their long-term growth."
  • Sapiens IllustrationPro is a dynamic point-of-sale solution for Life & Annuities that quickly and accurately generates quotes and compliant illustrations through an intuitive and modern engagement.
  • This responsive solution seamlessly operates across various devices and expedites the sales process improving the overall customer and agent experience.

Sapiens Wins Two Celent XCelent Awards and Recognized as ''Luminary" for IllustrationPro for Life & Annuities

Retrieved on: 
Tuesday, November 28, 2023

Research and consulting firm Celent analyzed 13 illustration systems for North America life and annuities insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions serving the insurance and financial services industries.

Key Points: 
  • Research and consulting firm Celent analyzed 13 illustration systems for North America life and annuities insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions serving the insurance and financial services industries.
  • "As an industry leader, Sapiens is proud to accelerate our clients' digital transformation and advanced market offerings to support their long-term growth."
  • Sapiens IllustrationPro is a dynamic point-of-sale solution for Life & Annuities that quickly and accurately generates quotes and compliant illustrations through an intuitive and modern engagement.
  • This responsive solution seamlessly operates across various devices and expedites the sales process improving the overall customer and agent experience.

New Research from WorkFusion and Celent Reveals AI Is Assisting Not Replacing AML Compliance Jobs According to 93% of Banks and Non-Banking Financial Institutions

Retrieved on: 
Tuesday, October 24, 2023

AI is becoming essential for Financial Crime compliance with 86% of organizations stating they will increase their spending on AI and machine learning over the next two years.

Key Points: 
  • AI is becoming essential for Financial Crime compliance with 86% of organizations stating they will increase their spending on AI and machine learning over the next two years.
  • NEW YORK, Oct. 24, 2023 /PRNewswire/ -- WorkFusion , a leading provider of AI digital workforce solutions for banking and financial services, today announced the findings of its new research "Technology Transformation in Financial Crime Compliance. "
  • "And as technology drives improvements in productivity, compliance departments can better support strategies to manage risk and add value."
  • This survey on staffing issues and technology trends in financial crime compliance was designed by Celent and WorkFusion.

Zeta's Next-Gen Card Processing Capabilities Recognized by Celent

Retrieved on: 
Tuesday, October 17, 2023

The report acknowledges Zeta for its innovative and differentiated processing capabilities, positioning the company as a key player in the rapidly evolving next-gen card processing landscape.

Key Points: 
  • The report acknowledges Zeta for its innovative and differentiated processing capabilities, positioning the company as a key player in the rapidly evolving next-gen card processing landscape.
  • Celent, a globally respected research and advisory firm, evaluated a number of modern processing platforms operating in the US.
  • As card issuers look for modern technology to replace their decades-old processing platforms, the report is an important look at what the Next-Gen Processing platforms include and enable.
  • Zeta fields a team of 1,700+ talented builders redefining the future of next-gen card processing every single day.

Majesco Unmatched Market Leadership: Ranked #1 in Quadrants’ P&C and L&AH SPARK Matrix

Retrieved on: 
Wednesday, October 4, 2023

Majesco , a global leader of cloud insurance software solutions for insurance business transformation, today announced that it ranked as the #1 leader in Quadrant Knowledge Solutions “SPARK Matrix: P&C Core Insurance Platform, 2023” and “SPARK Matrix: Life Insurance Policy Administration System, 2023” reports.

Key Points: 
  • Majesco , a global leader of cloud insurance software solutions for insurance business transformation, today announced that it ranked as the #1 leader in Quadrant Knowledge Solutions “SPARK Matrix: P&C Core Insurance Platform, 2023” and “SPARK Matrix: Life Insurance Policy Administration System, 2023” reports.
  • The Quadrant Knowledge Solutions SPARK Matrix includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning for both P&C and L&AH.
  • Each study provides analysis and ranking of the P&C and the Life Insurance Policy Administration System vendors in the form of SPARK Matrix, providing strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market positions.
  • We remain grateful to our customers, partners, and employees for their continued support and trust.

SymphonyAI Introduces Breakthrough Predictive and Generative AI-Powered Case Management for Financial Crime Investigation

Retrieved on: 
Monday, October 2, 2023

PALO ALTO, Calif., Oct. 2, 2023 /PRNewswire/ -- SymphonyAI, a leader in predictive and generative AI enterprise AI SaaS, today announced the Sensa Investigation Hub, a generative AI-enabled investigation and case management platform that propels financial institutions into the future of financial crime management.

Key Points: 
  • PALO ALTO, Calif., Oct. 2, 2023 /PRNewswire/ -- SymphonyAI, a leader in predictive and generative AI enterprise AI SaaS, today announced the Sensa Investigation Hub , a generative AI-enabled investigation and case management platform that propels financial institutions into the future of financial crime management.
  • Building on the industry leadership of the Sensa Copilot for financial crime investigators introduced earlier this year to speed financial crime alert investigation, the Sensa Investigation Hub enables accurate, accelerated investigation and reporting by combining an entity-centric view of risk with the speed and intuitiveness of generative AI.
  • Detection engine-agnostic, the Sensa Investigation Hub works seamlessly with existing financial crime solutions to provide a single, unified view of risk, regulator-friendly auditing, and end-to-end transparency.
  • "Just as the Sensa Copilot for financial crime investigators presented a transformative moment for financial crime investigation, the Sensa Investigation Hub revolutionizes productivity, consistency, and strategic effectiveness for forward-thinking financial institutions worldwide," said Mike Foster, CEO of SymphonyAI Sensa-NetReveal.

Research Reveals Software Development Limitations Cost Banks 5% a Year in Lost Payment Revenues

Retrieved on: 
Monday, September 18, 2023

Independent research conducted by Celent on behalf of Icon Solutions estimates that software developer capacity constraints have impacted banks’ payment revenues by 5% over the past two years.

Key Points: 
  • Independent research conducted by Celent on behalf of Icon Solutions estimates that software developer capacity constraints have impacted banks’ payment revenues by 5% over the past two years.
  • Many large banks prioritise in-house builds over buying vendor packages for payments processing software to maintain control and competitive differentiation.
  • This enables software development without manual coding, increasing developer productivity and enabling non-technical product specialists within the bank to contribute to the development process.
  • “Many large banks face the same challenges, with the need to deliver payments modernisation and product enhancements stymied by capacity limitations.

SAS helps banks tackle risk in the cloud

Retrieved on: 
Tuesday, September 19, 2023

CARY, N.C., Sept. 19, 2023 /PRNewswire/ -- As financial firms maneuver the continued fallout of recent bank failures, analytics and AI leader SAS is expanding its partnership with Microsoft to help banks better manage looming liquidity and interest rate risks. SAS® Asset and Liability Management (ALM), powered by Kamakura Risk Manager on Microsoft Azure, supports multi-period, scenario-based, integrated simulation and valuation for risk management, capital allocation and balance sheet optimization.

Key Points: 
  • SAS® Asset and Liability Management (ALM), powered by Kamakura Risk Manager on Microsoft Azure, supports multi-period, scenario-based, integrated simulation and valuation for risk management, capital allocation and balance sheet optimization.
  • SAS ALM on Microsoft Azure arms banks with powerful AI and analytics to manage liquidity and interest rate risks.
  • Partnering with Microsoft to accelerate risk innovation in the cloud, we broaden our mutual reach and impacts, helping banks, insurers and other financial industry players mitigate and minimize risk in this persistently uncertain climate."
  • Register to download The balance sheet risk conundrum, a joint ALM white paper by SAS and Microsoft.

EXL earns Celent 2023 XCelent Award for Individual Life Insurance Policy Administration

Retrieved on: 
Thursday, September 7, 2023

NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) -- EXL, a leading data analytics and digital operations and solutions company, announced it has earned an XCelent Award from Celent for their 2023 Policy Administration Systems: North American Individual Life Insurance Edition Report.

Key Points: 
  • NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) -- EXL, a leading data analytics and digital operations and solutions company, announced it has earned an XCelent Award from Celent for their 2023 Policy Administration Systems: North American Individual Life Insurance Edition Report.
  • EXL won the XCelent Breadth of Functionality Award for Individual Life Insurance Policy Administration for its LifePRO™ policy administration digital platform.
  • The Celent report highlights EXL’s data and analytical capabilities, interoperability across different solutions, and product configuration as LifePRO’s™ primary attributes.
  • EXL was named a Luminary in the Individual Life Insurance Policy Administration report.

DXC Technology Ranked as a Luminary Among Reinsurance Administrators by Celent

Retrieved on: 
Thursday, September 7, 2023

ASHBURN, Va., Sept. 7, 2023 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services and insurance software provider, was ranked as a Luminary in Celent's report for insurers on reinsurance administration.

Key Points: 
  • ASHBURN, Va., Sept. 7, 2023 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services and insurance software provider, was ranked as a Luminary in Celent's report for insurers on reinsurance administration.
  • Celent's report, Ceded Reinsurance Solutions—Global Edition , profiles 13 standalone ceded reinsurance solutions, and includes information about specific features and functionalities available, coverage of Property & Casualty (P&C) and Life ceded reinsurance, and technology.
  • DXC Assure Cede was categorized as a Luminary based on offering both advanced technology and breadth of functionality within its solution.
  • DXC Assure Cede provides unrivaled functional coverage for end-to-end ceded reinsurance administration, hosted on the DXC Assure Digital Platform, helping customers manage risk effectively."