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A Leading Global Insurer

A leading global insurance provider serving 90 million customers world wide with a  portfolio size of over INR 10000 Cr.

First Metro Asset Management

We selected "iDeal Funds and iDeal Wealth" application from Credence Analytics after evaluating the available solutions from the market. 

"iDeal Funds and iDeal Wealth" was a strong contender because of the good customer feedback we received about the company.

Rey DC Erlano, Vice President for Operations Division
First Metro Asset Management
Business Challenge:

"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
  • Compliance to regulatory and audit requirements
  • Better, cost effective maintenance and support.