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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.

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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."

Solution:
  • 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."
Results:
  • Elimination of reconciliation issues caused by multiple systems
  • Compliance to regulatory and audit requirements
  • Better, cost effective maintenance and support.