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Sapiens Releases Latest Version of IllustrationPro and ApplicationPro with Enhanced Digital Engagement

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Version 7.0 provides robust system configurability and report selection for users

ROCHELLE PARK, N.J., Dec. 4, 2023 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced the launch of its latest version of Sapiens IllustrationPro and Sapiens ApplicationPro. This new release brings a multitude of enhancements and additions, all designed to empower insurers with innovation, improved member servicing, and reinforced security measures.

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. In parallel, Sapiens ApplicationPro streamlines processes for seasoned and novice agents through a wizard-based, self-directed navigation that simplifies data input. Its content is dynamic and reflexive, presenting forms and questions as needed, with only valid options available for selection. Together, these two modules ensure a smooth exchange of data, thereby reducing the chances of errors and improving the overall customer and agent experience.

This new release not only delivers significant value to insurers, but also stands out in today’s competitive market thanks to a range of functional and technical enhancements, including enhanced digital experience, improved usability, and reinforced security measures. Notably, the illustration report editor offers customers greater control over design and illustration output, while the rules editor helps manage the configuration of products and reflexive question design. In addition, the release allows for the segmentation of application sections between agents and applicants, catering to various digital engagement models. New digital features include rapid illustration duplication for easy comparison, a tool for copying addresses between parties, an eApp attachment page with an integrated camera for document image uploads, and streamlined email delivery of illustrations.

For greater security, Sapiens has integrated Multi-Factor Authentication (MFA) into the IllustrationPro/ApplicationPro login process, including text messages, email, and the use of an authentication app. New APIs have also been incorporated to facilitate status updates and other critical data callouts, ensuring a comprehensive and overall robust solution.

“The IllustrationPro/ApplicationPro Version 7 enhancements bring a host of exciting features to the table,” said David Pidgeon, Sapiens Head of Life & Annuities, North America. “With a focus on enhanced digital servicing and increased security, this latest release accelerates the pace of innovation and value delivery to our customers.”

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data, and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management.

For more information visit https://sapiens.com or follow us on LinkedIn.

Media and Investor’s Contact

Yaffa Cohen-Ifrah
Chief Marketing Officer &
Head of Investor Relations, Sapiens
[email protected]

 

Forward-Looking Statements

Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our most recent Annual Report on Form 20-F, to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

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MIAX Named Best Trading Platform at the Fund Intelligence Operations and Services Awards 2024

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PRINCETON, N.J., Feb. 22, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire, LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEXTM), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX), and Dorman Trading, LLC (Dorman Trading), today announced that MIAX has been named the “Best Trading Platform” at the Fund Intelligence Operations and Services Awards 2024.

“We are honored to be recognized for the second year in a row as recipients of the award for ‘Best Trading Platform,'” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. “The members of our technology team are regarded as some of the best in the exchange industry and this award is a testament to their talents.”

Since 2016, MIAX has been named a winner every year at the Fund Intelligence Operations and Services Awards. MIAX won the “Most Innovative Technology” for the years 2017 through 2020, received the “Best Options Trading Platform” award for 2021, and the “Best Trading Platform” award for 2022.

“Our in-house built, proprietary technology has been an integral part of MIAX’s successful track record, and we continually evaluate and refine our infrastructure to support the increasing demands of the exchange industry,” said Matthew J. Rotella, Senior Vice President and Chief Technology Officer of MIAX. “MIAX Exchange trading platforms have been fully operational 99.999% of the time since we launched our first exchange in 2012, even as trading volumes have surged and financial markets have experienced multiple periods of elevated market volatility. We remain dedicated to delivering world-class speed and reliability to our customers in 2024 and beyond.”

For over 20 years, the Fund Intelligence Operations and Services Awards have recognized and rewarded the outstanding skills and talents of the vendor community servicing the complex and evolving needs of asset managers and their clients.

About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEX™), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.

LedgerX is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF) with the CFTC.

BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.

Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.

MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Miami, FL. MGEX offices are located in Minneapolis, MN. LedgerX offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.

To learn more about MIAX visit www.miaxglobal.com.

To learn more about MGEX visit www.miaxglobal.com/mgex.

To learn more about LedgerX visit www.ledgerx.com.

To learn more about BSX visit www.bsx.com.

To learn more about Dorman Trading visit www.dormantrading.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]

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Pentera Launches Global Partner Program to Accelerate Growing Channel

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Pentera’s program empowers ecosystem partners to accelerate their growth across more than 50 countries globally

BOSTON, Feb. 22, 2024 /PRNewswire/ — Pentera, the leader in Automated Security Validation, today announced the launch of its new Partner Program. The global program reinforces Pentera’s channel-first go-to-market strategy and offers its channel partners a more lucrative and systematic approach to creating, managing, and growing sales opportunities.

From the moment they join the program, Pentera partners have access to the company’s complete portfolio of award winning Automated Security Validation solutions, including Pentera Core, Pentera Surface, RansomwareReady™, and Credential Exposure. Pentera’s one-day Proof of Value (PoV), empowers partners to rapidly prove product value, and shorten traditional sales cycles to drive revenue.

“Partnering with Pentera was an excellent decision. Their swift response times and efficient onboarding have made collaboration smooth sailing,” said Alexander Stemper, VP of Security Sales at NTT DATA Deutschland. “Pentera’s automated security validation solution integrates seamlessly into our offering and has strengthened our ability to shield our clients from evolving threats. We are excited for the new partner program and looking forward to the next chapter of our successful partnership to protect businesses worldwide.”

The Pentera Partner Program meets a range of partner needs while rewarding them for the value they deliver throughout the customer lifecycle. The program is based on three tiers of participation – Associate, Premier, and Elite. Each tier offers progressively more lucrative financial incentives and discount structures, as well as more advanced training opportunities, sales tools, and marketing support. The program features:

  • Onboarding sessions, including in-person and online sales and technical workshops
  • Deal registration incentives and price protection
  • Personal training and certification program options
  • A digital resource portal, including sales toolkits, email templates, materials for co-branding, demos, and on-demand trainings
  • Access to demo and lab environments
  • Access to PoV licenses

Pentera has been doubling its business year-over-year since going to market in 2018. The company is a global market leader with customers in over 50 countries and regional offices across 18 countries in North America, EMEA, APAC, and LATAM.

“Since going to market, Pentera has established itself as the unquestioned leader in Automated Security Validation across every metric,” said Kirt Jorgenson, VP Global Channel at Pentera. “The introduction of the Pentera Global Partner Program represents a significant investment from Pentera in the success of its partners and will enable our partner ecosystem to play an even larger role in our channel-first go-to-market strategy. As Pentera continues to grow, we will continue to increase our investment in the channel to power the mutual growth of both Pentera and our global partner ecosystem.”

About Pentera

Pentera is the category leader for Automated Security Validation, allowing every organization to test with ease the integrity of all cybersecurity layers, unfolding true, current security exposures at any moment, at any scale. Thousands of security professionals and service providers around the world use Pentera to guide remediation and close security gaps before they are exploited. For more info, visit: pentera.io

Media contact for Pentera
Noam Hirsch
Senior PR Manager
[email protected]

 

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SOUTH AFRICAN MOBILE OPERATORS ANNOUNCE NEW SERVICES TO COMBAT FRAUD, AS PART OF GSMA OPEN GATEWAY INITIATIVE

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Telecommunications operators Cell C, MTN, and Telkom welcome launch of two universal network APIs, that will be available in South Africa, to help combat fraud and digital identity theft in sectors including banking, finance, insurance, and retail

JOHANNESBURG, Feb. 22, 2024 /PRNewswire/ — As part of the global GSMA Open Gateway initiative, South African operators will now be able to implement world-class Number Verification and SIM Swap – Application Programme Interfaces (APIs) – to coincide with the start of MWC 2024. They will be available to all mobile commerce, financial institutions, and developers to create new services to combat digital fraud and protect South Africa’s 47 million mobile subscribers.

South Africa saw a 24% surge in reported incidents of digital banking fraud in 2022, according to a report published last year by the South African Banking Risk Information Centre (SABRIC). The rise, which resulted in cybercriminals stealing over R740 million from unsuspecting victims, was primarily attributed to the growing number of fraud cases related to banking applications and online banking.

Given the alarming surge in digital banking fraud in South Africa, standardizing APIs by Mobile Network Operators (MNOs) presents a promising avenue for mitigating such threats. By leveraging their infrastructure and expertise, MNOs can enhance security measures within banking applications and online banking platforms. They are also able to implement robust fraud detection and prevention mechanisms, bolstering overall resilience of digital banking systems against cyber threats.

The standardization of APIs allows developers to implement:

  • Number Verification – offers seamless verification of a user’s mobile number by providing the next generation of strong authentication and user experience. It is a simple evolution path for any business that uses mobile numbers and SMS One-Time-Passwords. Instead of relying on SMS, Number Verification can be seamlessly and automatically activated to verify a user’s identity.
  • SIM Swap – used to check whether a given phone number has recently changed SIM cards. This helps to prevent account takeover attacks, in which fraudsters take control of the account owner’s SIM card using social engineering techniques and stolen personal data. For example, at the time of a financial transaction, a financial institution can check whether the relationship between the customer’s phone number and SIM card has recently been changed, helping them to decide whether to approve the transaction or not.

Continue reading the full press release here.

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