Fintech PR
Tier-One Canadian Life and Health Insurance Carrier Selects Sapiens Insurance Platform to Foster Innovation, Drive Efficiency, and Improve Agent & Customer Experience
Sapiens Insurance Platform for Life & Annuities will provide one integrated solution to support all products and services throughout the insurance lifecycle
ROCHELLE PARK, N.J., Sept. 5, 2024 /PRNewswire/ —Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a leading tier-one life and health insurer in Canada has selected Sapiens Insurance Platform for Life & Annuities (L&A) to improve operational performance, drive efficiency, enhance the client and advisor experience, and ensure their digital evolution and growth in the life and health market.
Sapiens Insurance Platform will be instrumental in enabling a client-first approach from the first touch point during new business to continued service excellence and administration, including enhanced support for their distribution channels, simplifying the business rules for an easier and proactive engagement, and continued enhanced support for the customer throughout their life events. This will be further enabled through simplified product development and management capabilities, a streamlined and data-driven new business process, and efficient, proactive policy administration processing powered by Sapiens CoreSuite for Life & Annuities.
Sapiens’ platform offers one integrated solution to support all products and processes through the pre-purchase, purchase, and post-purchase stages of the insurance lifecycle. Sapiens Insurance Platform for L&A includes enhanced automation, accelerated underwriting, an intuitive e-application and illustration capabilities for a customer-centric and long-term strategy with Sapiens’ award-winning modules, IllustrationPro, ApplicationPro, and UnderwritingPro. Sapiens DataSuite, a data and analytics solution, will enable the insurer to use data, with advanced analytics, and predictive modeling for end-to-end business support. Sapiens DigitalSuite, with digital engagement for all personas, will provide an omnichannel experience and facilitate an independent customer and agent journey.
“Our client is a distinguished leader in the Canadian life and health market, known for their commitment to client care throughout each stage of life. We are pleased to partner with them and provide the technology they need to achieve their business goals by proactively offering tailored products and services,” said Roni Al-Dor, Sapiens President and CEO. “Sapiens’ platform and its intelligent digital solutions will optimize their speed-to-market, digital transformation, and technology stack, and enhance their customer and agent relations for successful growth. Sapiens Insurance Platform is a future-proof, AI-based, open, modular, and integrated insurance platform, which accelerates adoption, delivers sustained value, and empowers insurers to stay ahead.”
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. Visit our website at www.sapiens.com
Investor and Media Contact
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor Relations Email: [email protected]
Forward-looking Statements
Certain matters discussed in this press release that are incorporated herein and therein 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 certain 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; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; 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 coronavirus epidemic, and 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 Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order 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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LONDON, Sept. 16, 2024 /PRNewswire/ — VeriPark, a global solution provider with focus on the Financial Services Industry, has won the “Omni-Engagement Transformation” award in IDC’s Real Results program for the successful Dynamics 365 + VeriTouch CRM implementation First Abu Dhabi Bank.
This project also earned VeriPark the Overall Winner title, achieving the highest score across all categories. This award recognizes technology companies that provide solutions resulting in measurable benefits for financial institutions.
Additionally, VeriPark has been named to the 2024 IDC FinTech Rankings Top 100. The elite list features technology companies from around the globe that are focused on providing solutions to the financial services and FinTech industries. To view the list in its entirety, please visit https://www.idc.com/research/industry/fintech-rankings.
To thrive in a digital economy, financial services organizations must embrace innovative and integrate innovative technology effectively to enhance the customer experience and achieve operational excellence. VeriPark is committed to helping financial services companies successfully execute their digital transformation initiatives for the betterment of their customers around the world.
“These awards are a testament to our team’s dedication to delivering innovative, customer-centric solutions that produce real, measurable outcomes for our clients.” said Ozkan Erener, CEO of VeriPark. “We look forward to continuing our work to help financial institutions achieve operational excellence and enhanced customer experiences.”
“Teamwork is the cornerstone of progress, and our team has proven this through their exceptional work in implementing the advanced cloud-based CRM system along with Microsoft & VeriPark. Their dedication, synergy, and partnership have enabled us to revolutionize how we serve our customers and drive our bank’s growth,” said Suhail Bin Tarraf, Group Chief Operations Officer, First Abu Dhabi Bank.
VeriPark is a global solutions provider enabling financial institutions to become digital leaders by placing Customer Experience at the core of digital transformation. With an exclusive focus on FSI, VeriPark’s Intelligent Customer Experience suite delivers world-class customer journeys on digital and assisted channels.
With its main offices located in the United Kingdom, Europe, North America, Asia, Africa and the Middle East, VeriPark helps financial institutions to enhance customer acquisition, retention and cross-sell capabilities. Their proven, secure, and scalable solutions cover Customer Engagement, Omni-Channel Delivery, Branch Automation, and Loan Origination. VeriPark collaborates closely with clients, crafting innovative technology strategies and solutions that impact millions of people daily, bringing the promise of digital transformation to life.
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View original content:https://www.prnewswire.co.uk/news-releases/veripark-wins-three-top-honors-from-idc-302247748.html
Fintech PR
Kleo Teams Up with Londis to Enhance Convenience Store Operations with Advanced EPOS and MPOS Solutions
LONDON, Sept. 15, 2024 /PRNewswire/ — Kleo, a prominent provider of EPOS systems and self-ordering kiosks, is excited to announce a new partnership with Londis, one of the UK’s most recognised convenience store chains. This collaboration marks a significant step in modernising Londis’s store operations and enhancing the customer experience through advanced technology.
Londis stores will now benefit from Kleo’s sophisticated EPOS systems and versatile MPOS solutions. These technologies are designed to streamline operations, cut down queuing times, boost staff efficiency, and provide a more seamless shopping experience. With integrated payment systems and flexible designs, Londis will be well-positioned to meet the evolving expectations of today’s consumers.
Joe Robson, Co-Founder of Kleo, said, “We’re thrilled to partner with Londis and see the positive impact our systems are having in their stores. Our goal has always been to equip retailers with effective tools for smoother operations, and it’s rewarding to see our technology making a real difference.”
Thanvi Poonja, Co-Founder of Kleo, added, “This partnership demonstrates how modern technology can support traditional retail. We’re committed to continuously enhancing our solutions to help retailers like Londis deliver exceptional service.”
As Kleo continues to grow, the company remains dedicated to providing practical, reliable, and user-friendly EPOS and MPOS solutions that help retailers stay competitive and meet their customers’ needs. For more information, please visit www.kleocloud.com or contact us at [email protected].
About Kleo
Kleo is a leading provider of EPOS and MPOS systems, offering integrated software and payment solutions designed to optimise business operations and improve customer experiences. Trusted by brands such as Londis, Kleo’s systems are built to meet the needs of a diverse range of businesses. With a focus on reliability and innovation, Kleo helps organisations remain competitive in today’s fast-paced retail environment.
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LIBSON, Portugal, Sept. 15, 2024 /PRNewswire/ — In a strategic move following a recent tour of the Asia-Pacific region, the Luohu District in Shenzhen, located in South China’s Guangdong Province, has dispatched a new delegation to Spain and Portugal, with a focus on exploring economic and trade opportunities in the European market.
The China (Shenzhen•Luohu) – Portugal (Lisbon) Economic and Trade Cooperation and Exchange Conference, held in Lisbon on Thursday, saw a strong turnout from more than 30 prominent Portuguese companies and institutions, including the Oveiras Valley Investment Agency (OVIA) and Timing Group.
These entities showcased a keen interest in collaborating with Luohu, particularly in sectors such as healthcare, finance, media, business services, and cultural tourism. The event marked a significant leap toward fostering mutually beneficial partnerships between Luohu and key players in the Portuguese business landscape.
As Luohu’s industries thrive, the district is amplifying its global presence through foreign investment promotion, bolstering trade and investment activities. Luohu, situated in the heart of Shenzhen, a rapidly growing innovation city that has achieved economic success over the past four decades, boasts the pillars of finance, commerce, and business services. The district also excels in sectors such as cultural creativity, gold, and jewelry.
With the service industry dominating Luohu’s GDP at 94 percent, the district hosts over 100 licensed financial institutions, including major firms like PwC, EY, and Deloitte. Driven by strong incentive policies, the health industry is rapidly expanding in Luohu. The district excels in medical aesthetics, cutting-edge medical devices, life sciences, and health management, showcasing unwavering progress.
It has also given priority to the development of precision medicine, high-end health preservation, innovative drugs, high-end medical devices, and other specialized fields. The district’s rich clinical application scenarios also provide a good foundation for the research, development, and transformation of innovative drugs and medical devices. In 2023, Luohu witnessed the establishment of 32 innovative platforms in the medical and health domain, including the Shenzhen-Europe Innovation Medicine and Health Research Center.
Jointly developed by the district government and the Shenzhen Institute of Advanced Technology of Chinese Academy of Sciences, one of the top research institutes in China, the center has recruited a pool of international talents.
Besides innovation, Luohu stipulated incentive policies to boost the medical cosmetology field. At the end of 2023, the district took the lead in the city by issuing 10 measures for the sector. Of the measures, the district decided to build a hub for medical aesthetics consumption, support the medical aesthetics product trade and service and regulate the service quality of the sector both online and offline.
During the delegation’s visit to Spain and Portugal, the district government pledged to enhance services and the business environment to attract companies and investors from both domestic and international markets.
The delegation also engaged with industry leaders such as the Global Media Group, Joinko Group, and EFG International in Lisbon, showcasing Luohu’s commitment to strengthening ties and fostering collaboration on a global scale.
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View original content:https://www.prnewswire.co.uk/news-releases/luohu-explores-economic-opportunities-in-europe-strengthens-ties-with-portugal-302248436.html
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