CaribPR Wire

With Finastra Essence, the bank is well-positioned to deliver an enhanced customer experience, stay ahead of the competition, and address regulatory changes

LAKE MARY, Fla., April 22, 2024 /PRNewswire/ – Finastra, a global provider of financial software applications and marketplaces, announces that British Caribbean Bank Limited (BCB), a Turks and Caicos-based financial institution offering international bank accounts and customized loan options, has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernize its core and transform its back-office operations. The move enables increased readiness for regulatory changes and positions the bank for continued growth.

BCB’s selection of Essence provides the bank with the modern capabilities, open APIs, and cloud functionality needed to better compete in the market and simplify payment regulatory changes in Turks and Caicos. The core solution’s agile, cloud-based technology, combined with Finastra’s broad and deep banking functionality, makes it simple and streamlined for BCB to adapt quickly and efficiently, while also enabling increased connectivity to third-party partners for an enhanced customer experience.

“To transform our core and enhance our operations, we needed an innovative partner to provide the expertise and tech stack required to complete our modernization journey,” said Marcus Samuel, Managing Director at British Caribbean Bank Limited. “Finastra Essence helps us go above and beyond by positioning our team to deliver both an enhanced customer experience and innovative products, all while being agile and quick to market as we grow.”

The move delivers new efficiencies for BCB. By modernizing its core, the bank can now benefit from a simplified back-office, reducing costs and increasing productivity for its team.

Essence, a cloud-first, next-generation banking solution that combines sophisticated functionality and advanced technology to increase enterprise agility, is seeing increased presence in the Caribbean. Its deep retail and commercial banking functionality enable financial institutions around the world to quickly adapt to local needs while rapidly deploying market-leading products and services.

“Finastra is pleased to see Essence growing in the Caribbean and across the Americas, as more financial institutions are seeking core solutions that support digital transformation through increased agility, the cloud, and connectivity to the financial ecosystem,” said Siobhan Byron, EVP, Universal Banking at Finastra. “Our continued and enhanced partnership with BCB and its affiliates provides the bank with the resources and support it needs to grow, thrive, and adapt to an ever-evolving financial services landscape.”

About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com

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HERNDON, Va., March 5, 2024 /PRNewswire-HISPANIC PR WIRE/ — Metron Aviation, a global leader in software solutions for Air Traffic Management (ATM) and Air Traffic Flow Management (ATFM) systems, will exhibit at the Airspace World 2024 show in Geneva, Switzerland.

On Wednesday March 20, 2024, during Airspace World 2024 Metron Aviation will present a panel on - Enhanced ATM Capability Through System-to-System Integration. This panel of industry experts representing different aspects of ATM will gather to discuss the benefits and capability extension that can be realized through greater system integration.

Metron Aviation is honored and excited to present this outstanding group of industry experts:

• Brett Fujisaki, Vice President Sales & Business Development – Metron Aviation
• Juan M. Gomez, CEO – Synaptic Aviation
• Fredrik Lindblom, Vice President, Head of Saab Thailand & Sales Director Region Asia – Saab Group
• Adam Stark, Senior Product Manager, Solutions Specialist – SITA
• Christopher Devlin, Director of Product Management – Aireon
• Moderator: Javier Alejandro Vanegas, Region Director Latin America & Caribbean Affairs – CANSO

During the tradeshow, between March 19-21, 2024, Metron Aviation invites attendees to visit Stand #J08 in Geneva to learn more about their ATM and ATFM solutions and options for onsite deployment or cloud solution delivery models.

In addition, Metron Aviation will showcase its Harmony System and Post-Operations Evaluation Tool for its primary stakeholders — airlines, airports, and air navigation service providers. Metron Aviation’s smart software enables its users to better manage the efficient use of their airspace and airport capacities while also meeting their environmental goals and mitigating impact on our ecosystem.

About Metron Aviation
Metron Aviation is a global leader in aviation software development for air navigation service providers, airlines, airports, and the U.S. Federal government. Our technical software is implemented via onsite deployment or cloud solutions in support of our primary focus — to be the global brand that delivers excellent services in the aviation industry and inspires customers through an exceptional experience.

For details, visit www.metronaviation.com

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The global partnership offers hospitals a range of complementary solutions and services for the migration, consolidation, protection, accessibility, and interoperability of healthcare data.

WOBURN, Mass., Sept. 15, 2022 /PRNewswire/ – BridgeHead Software, the Healthcare Data Management company, today announced a strategic partnership with leading healthcare IT services provider, CereCore^®. The collaboration offers integrated delivery networks (IDNs), health systems, and independent hospitals a range of data solutions and IT services that help ensure clinical care teams have the data they need to provide quality patient care and smooth hospital operations.

Digital transformation initiatives have accelerated across the healthcare industry, especially since the start of the COVID-19 pandemic. BridgeHead and CereCore are both deeply experienced in serving the healthcare market. Their complementary solutions support hospitals throughout the process of managing and protecting patient and healthcare operations data and migrating to the Cloud.

Through this global partnership, BridgeHead and CereCore are expanding the options for hospitals to gain a fully-managed healthcare data solution focused on these common challenges:

• Safeguarding clinical data through a backup and disaster recovery managed service will help support the continuity of patient care. Using the BridgeHead RAPid Data Protection solution, mission critical systems such as an electronic health record (EHR) can be recovered from a cyberattack, system outage, data corruption, accidental data deletion or natural disaster.
• Providing clinical and operational leaders access to archived healthcare data in a cost-efficient manner can lead to more informed decision making. Using BridgeHead’s FileStore^™ (also part of the RAPid Data Protection suite), healthcare operators and leaders have a cost-effective solution to actively store, retain, and manage their vast array of unstructured data.
• Consolidating and centralizing clinical data stored outside of the EHR supports quality patient care. The managed service using BridgeHead’s HealthStore^®, an independent clinical repository, can give providers and clinical care teams direct access to patient data in context via the EHR or other primary systems. Not only will HealthStore^® create a vendor neutral archive (VNA) that can underpin an enterprise imaging strategy, but it will allow healthcare organizations to retire a wide variety of duplicate or replaced systems.

“CereCore has expertise in public and private Cloud hosting, and our partnership will provide more opportunities for BridgeHead solutions to be deployed in flexible and varied ways – offering on premise, fully Cloud, or hybrid Cloud options,” said Jim Beagle, President and CEO at BridgeHead Software. “Both of our companies have been immersed in healthcare IT for more than 20 years and have a shared vision to enable healthcare organizations with technology solutions that improve clinical and operational efficiency whilst providing a futureproof blueprint for the long-term management of patient data.”

“The power of today’s healthcare applications lies within its data – the ability to consolidate it, protect it, analyze it and make it available to healthcare providers around the clock,” said Curtis Watkins, President and CEO of CereCore. “BridgeHead provides a suite of healthcare data technology solutions that gives the healthcare organizations we work with a wider range of options. Like us, they have an acute understanding of the key challenges facing healthcare providers today as they continually strive to enhance patient care against a backdrop of legislative change, economic uncertainty, and cost constraints. Perhaps even more importantly, BridgeHead Software is a partner organization who shares our vision for making a tangible difference in the way clinical care teams use technology to deliver improved clinical outcomes and better overall patient experience. Their long-standing position in the healthcare industry pioneering high quality data management and protection solutions makes them a great match for CereCore.”

“The partnership between CereCore and BridgeHead comes at a time where there is a real shift in the healthcare market,” said Beagle. “Though the effects of the pandemic are still being felt by healthcare providers and continue to have a significant global impact, it has also accelerated digital transformation initiatives – especially those concerning the long-term management of data. With the rapid pace of emerging technologies, the value that data can bring in improving care and driving efficiency is evident. CereCore and BridgeHead, together, are able to offer customers ‘tried and tested’, cost-effective, and comprehensive data management solutions, with an array of deployment options (including a fully managed service), all provided by trusted healthcare IT experts. By allowing BridgeHead and CereCore to do what they do best, frees our customers from operational data management tasks to focus on the hospital’s highest priorities.”

CereCore provides IT services that make it easier for hospital operators to focus on transforming healthcare through technology. With a heritage rooted in top-performing hospitals, we provide IT and application support, technical professional and managed services, IT advisory services, and EHR implementation and consulting to hospitals and health systems. Find more information at https://cerecore.net.

With over 25 years’ experience in data and storage management, BridgeHead Software is trusted by over 1,200 hospitals worldwide. Today, BridgeHead helps healthcare facilities overcome challenges stemming from rising data volumes and increasing storage costs while delivering peace of mind around how to consolidate, store, protect, and share clinical and administrative information.

BridgeHead’s Healthcare Data Management solutions are designed to work with any hospital’s chosen applications and storage hardware, regardless of vendor, providing greater choice, flexibility and control over the way data is managed, now and in the future. For more information, visit http://www.bridgeheadsoftware.com or follow on Twitter at @BridgeHeadHDM.

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SINGAPORE, June 20, 2022 /PRNewswire-HISPANIC PR WIRE/ — Dragonfly has won a place in the final round of the third G20 TechSprint global challenge. This year’s challenge focuses on central bank digital currency (CBDC) following Saudi’s 2020 RegTech and SupTech, and Italy’s 2021 Green Finance. This year’s competition is held as part of Indonesia’s G20 presidency which will culminate in the G20 Heads of State and Government Summit to be held in Bali in November 2022.

The G20 TechSprint global competition which is jointly organized by Bank Indonesia and Bank of International Settlement Innovation Hub focuses on the development and showcasing of retail and wholesale CBDC as a viable solution in three core areas: issuance, wholesale, retail, and distribution of CBDC; financial inclusion through the use of CBDC; and CBDC as an improved means of interoperability among participating sovereign payment systems.

“We are honored that we have been chosen as a finalist in the issuance, wholesale, retail, and distribution of the CBDC segment. We are about serving the future unmet needs of the industry with innovative blockchain powered solutions. This growth opportunity allows us to illustrate how Dragonfly simplifies digital banking covering the entire spectrum from monetary policy making to wholesale, settlement, and retail distribution in an interoperable system,” comments Lon Wong, Founder and CEO of Singapore-based Dragonfly Fintech.

Dragonfly is also excited about the increased visibility on the world stage as a cutting-edge Asian fintech leader first conceptualized in 2015, and is rapidly expanding its footprint worldwide to engage and support other central banks in making their CBDC vision a reality.

About Dragonfly Fintech

Dragonfly Fintech is an innovative fintech solution provider utilizing the ProximaX blockchain protocol to address clients’ unmet digital needs in the banking and capital markets, advancing the nascent neobanking and CBDC globally. Tomorrow’s banking, today!

For more information, please visit www.dfintech.com

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U.K. MGA Archipelago Risk Services adopts the next-generation offering to sell and service its personal lines coverages and package policies

CaribPR Wire, BOSTON, May 06, 2019: Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, today announced the availability and client implementation of a new software and services offering, the MGA Agility Suite.

The Xceedance MGA Agility Suite enables established and startup program administrators, managing general agents (MGAs), and managing general underwriters (MGUs) worldwide to swiftly deploy a tailored, advisor-driven sales and service engine to capture profitable market segments — a key competitive differentiator in managing diverse insurance products, especially lower-margin classes of business.

Additionally, Xceedance announced a successful implementation of the MGA Agility Suite for Archipelago Risk Services (Archipelago), helping the London-based MGA to boost underwriting efficiency and augment the policyholder experience.

“The Xceedance MGA Agility Suite provides software and associated services to support MGAs in insurance markets worldwide,” said Travis MacMillian, chief business officer at Xceedance. “MGA operations typically rely on software or platforms intended for primary insurers. In contrast, the dedicated MGA Agility Suite comprises an insurtech platform, coupled with lifecycle services for program administrators, MGAs, and MGUs.”

Through advanced software development and integration with a diverse set of technologies that support operational efficiency, the MGA Agility Suite gives MGAs and their retail agents proficient automation for personalized, intermediated policyholder services. The MGA Agility Suite combines policy-administration capabilities, an underwriting platform, distribution and communication tools, and the business intelligence (BI)/reporting functionality MGAs need to write more business efficiently and profitably. The MGA Agility Suite facilitates regulatory compliance and partnerships with organizations such as actuaries and third-party administrators (TPAs); and it enables robust integration with insurance data providers, payment gateways, general ledger applications, and document generation services. The platform can be hosted on the cloud for superior performance in managing diverse insurance products and core MGA/MGU operations.

“The MGA Agility Suite elevates our personalized service delivery to program administrators, especially with an innovative broker and underwriter portal, and a configurable rating/pricing engine,” said MacMillian. “The automated workflows and streamlined policy lifecycle processes built into the MGA Agility Suite create transactional efficiencies, while enhancing user experience and customer-centricity for MGAs and MGUs.”

Archipelago recently deployed the MGA Agility Suite, providing the company with a single platform for clients — via intermediaries — to purchase motor (auto), home, investment property, travel, and pet insurance, quickly and efficiently. In implementing the bespoke platform, Archipelago leveraged operational expertise from five principal insurance capabilities at Xceedance: technology and core systems; actuarial services; insurance data sciences; catastrophe and exposure management; and BI and reporting.

“The Xceedance MGA Agility Suite empowers us with highly-automated workflows and a streamlined policy lifecycle — boosting organizational efficiency, enhancing the policy buying experience, and lowering operating costs,” said Richard Coleman, managing director at Archipelago Risk Services.

About Xceedance
Xceedance is a global provider of strategic consulting and managed services, technology, data sciences, and blockchain to insurance organizations. Domiciled in Bermuda, with offices in the United States, United Kingdom, Germany, Poland, India, and Australia, Xceedance helps insurers launch new products, drive operations, implement intelligent technology and blockchain solutions, deploy advanced analytic capabilities, and achieve business process optimization. The experienced insurance professionals at Xceedance enable re/insurers, brokers, and program administrators worldwide to enhance policyholder service, enter new markets, boost workflow productivity, and improve profitability. For more information, please visit www.xceedance.com.