Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced an agreement with Albany Group, which specializes in risk and intelligence software, for an automated, compliance, risk management and regulatory platform that provides a comprehensive third-party supply chain management solution.
The partnership simplifies complex compliance processes that are carried out across third-party platforms such as Lloyd’s, to efficiently meet strict industry and regulatory requirements at reduced costs and minimal risk.
“Albany and Sapiens are a natural fit. Combining our technologies brings real added value to our customers, simplifying software integration so that configurable compliance comes virtually at the touch of a button,” says Stewart Griffiths, Co-Founder and CEO of Albany Group.
The solution provides analysis tools for a complete oversight, performance management, and third-party supply chain audit, ultimately saving time while maintaining consistency throughout the process. The combined solution now fills a significant gap in the current policy administration and compliance services, with critical business data siloed. Tight integration improves automation, resulting in greater productivity and real-time accuracy gains.
“We are extremely excited to partner with Albany Group to transform the user experience for regulatory and compliance solutions that span over multiple platforms into a simple, seamless and automated process,” says Roni Al-Dor, Sapiens President & CEO. “Our cohesive solution will accompany Lloyd’s market players from start to finish, with the greatest efficiency available on the market.”
Albany’s Group Conect™ application will be integrated with Sapiens Lloyd’s ecosystem, to automate onboarding and access.