CIOReview Team | Tuesday, 02 June 2015, 08:52 IST
BOSTON: Delaware Life, provider of annuity and life insurance products, has decided on utilizing Princeton Financial System’s offerings to manage its investment accounting needs and mortgage portfolio servicing, reports Business Wire. The product, ePAM for Investments, is a Software-as-a-Service based application that offers multiple dashboards to effectively analyze and manage exceptions throughout the trading and investment lifecycle. ePAM for Mortgages is a specialized application that automates accounting, management, and servicing of commercial mortgage assets held by the investors. It presents the investors with accurate and up-to-the-minute information on their entire mortgage portfolio. Both of these software applications have the potential to improve the total cost of ownership, all the while improving efficiency and offering a seamless method to multi-task. “We believe this partnership with State Street Global Exchange will help deliver more value to our annuity clients,” says Tony Perry, Investments and Treasury Program Director, Delaware Life. Princeton Financial System is a part of State Street Corporation’s Global Exchange that caters to the global investment industry’s needs. Ivan Matviak, Head of Software Solutions at State Street Global Exchange says, “Insurers are rethinking risk, and need adaptable systems that can support multiple geographies, asset classes and regulatory regimes. The legacy infrastructure can often no longer keep pace, and flexible tools that will grow with the business are cited as the second highest investment priority.” Princeton Financial System’s solutions provide clients with actionable insights and assists them effectively analyze and manage exceptions through the trading and investment lifecycle.
We use cookies to ensure you get the best experience on our website. Read more...