Another Tier One Insurer Licenses FAST Insurance Components to Enable Digital Strategy

By a News Reporter-Staff News Editor at Insurance Weekly News -- FAST, a leading software company for the life and annuity industry, announced that one of the largest insurance companies in the United States has licensed FAST Insurance Components to support its US life and annuity business. FAST Insurance Components functions as an app store for insurance software and allows companies to use only the components they want to centralize functionality.

After extensive due diligence the insurer selected FAST based on its out-of-the-box capability and its componentized architecture. For the first project, the FAST solution has been licensed to support the management of beneficiary data across a variety of source systems. A key aspect of the implementation will be integration via RESTful services with robotics software that is digitizing paper-based changes.

"This is a really exciting opportunity for us because FAST is essentially digitizing beneficiary data across the enterprise," said Amit Patel, FAST's senior vice president of product development. "This is a major challenge for many carriers and it's great that we can use a subset of our components to solve it." About FAST FAST, which stands for "Flexible Architecture, Simplified Technology," is a privately-held company located in Iselin, NJ. FAST focuses on solving the challenges our financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems. Visit: www.fasttechnology.com View source version on businesswire.com: http://www.businesswire.com/news/home/20171023005867/en/

Keywords for this news article include: FAST, Software.

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