Hansard Global, an Isle of Man-based financial services holding company, has partnered with Majesco to deploy its SaaS-based LifePlus solutions to transform its business and support growth plans.
Under the terms of the contract, Hansard Global will deploy Majesco's Life IllustratePlus, Life AdminPlus, and Life DistributionPlus solutions.
Hansard global chief strategy officer Ollie Byrne said: "The introduction of the new system from Majesco will, above all, provide a continuation of the great service that financial advisors and their clients have become used to, and better position the Hansard Group to deliver on our ambitious strategic growth plans, where we see fintech as a key enabler into the future."
The introduction of the new system from Majesco will, above all, provide a continuation of the great service that financial advisors and their clients have become used to, and better position the Hansard Group to deliver on our ambitious strategic growth plans, where we see fintech as a key enabler into the future"
For Majesco, this is the third UK win announced in the last 12 months, following the launch of the SaaS offering in February of 2016. Majesco LifePlus Solutions does not require paying huge upfront licence fees, instead they are allowed to pay per usage and work anyplace, anytime.
Philip Naughton, executive director Business Development at Majesco, added: "Majesco is pleased to have yet again overcome the competition and proven itself to be the best in class provider of innovative core digital solutions to the life and pension sector. By partnering with Majesco, Hansard will be implementing next generation technology that will allow financial advisers and their clients real-time 24x7 accessibility to its services. We are eager to work with Hansard and help them realise the many benefits of our digital solutions."
Majesco LifePlus Solutions are designed to be tomorrow's solution for individual life, pensions and wealth management. Majesco's component-based SaaS solutions provide full policy life cycle support from customer fact find right through to payment of a claim. Majesco LifePlus Solutions allow clients to avoid large upfront licence fees, to pay per usage and work anywhere, anytime.
Hansard Global, which is a specialist long-term savings provider, administers more than $1.4bn in assets for almost 40,000 clients worldwide.