to enable the UK insurance industry with Smart Cash management solutions
London, 4 July 2019: Fennech Financial Limited has signed a strategic partnership with Larsen & Toubro Infotech (NSE: LTI), a global technology consulting and digital solutions company. The partnership will focus on smart cash management solutions enabling insurance companies with robust processes, lower operating cost, higher visibility and control over the claims process, and complete regulatory compliance.
Fennech products help tackle current inefficiencies in the way UK Insurers manage their cash movements both internally and externally – Cash matching & Allocation, Claims Payment Factory, and Agency Management. LTI and Fennech will collaborate to implement various technology offerings, and support insurers by leveraging the process of change management to provide assured benefits.
Emmanuel de Resseguier, Chairman & CEO of Fennech Financial Ltd, added, “We are delighted to work with LTI, as the combination of our smart technology with LTI’s experience in implementing and managing process change within large organisations will bring significant benefits and cost savings to Insurers in the UK. Fennech’s F3 platform is specifically designed to allow our partners to easily deploy and support their own product offerings with our sophisticated range of payment and cash management tools.”
Satya Samal, Chief Business Officer (Europe & Africa) LTI, said today, “Fennech’s cash management solution is transformational in simplifying and improving finance operations of insurers. The solution complements LTI’s offerings for AI, ML, enterprise integration and our proven expertise in delivering digital transformation in insurance industry. We are confident that the partnership between LTI and Fennech will accelerate digital adoption in the finance function of Insurers”.