A leading global insurance provider serving 90 million customers worldwide with a portfolio size of over INR 10000 Cr. chose Credence
This Client faced a unique challenge of using different Systems for Front and Back Office. This led to data duplication / inconsistency issues. Another challenge was compliance. The Company had to meet strict reporting and controls guidelines from the regulator.
The Client chose iDEAL Funds - being an STP solution - with seamless integration across Front, Mid and Back Office
iDEAL Funds offered off-the-shelf modules for compliance to the India Insurance regulator and NAV module for in-house NAV computations of ULIP schemes. This enabled the Client to achieve faster go-live."
Elimination of reconciliation issues caused by multiple systems