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The Guardian Life Insurance Company of America (New York) has selected NeoXam (Paris) to provide solutions supporting a number of key investment reporting areas, as well as solutions to support investment book of record (IBOR) reporting, corporate actions and enterprise data management.
Guardian will deploy NeoXam’s comprehensive and customizable data management tool, DataHub, this year, according to the vendor. NeoXam reports that Guardian has also agreed to implement NeoXam’s IBOR reporting tool in 2019. “This will become the consistent and continuous source of all of Guardian’s investment data, delivering high-quality, real-time, multi-view positions and transaction data, with built-in reconciliation,” a NeoXam statement says.
Guardian’s decision to license NeoXam came after a year-long proposal, requirements-gathering and vetting process, according the vendor. NeoXam reports the deal as representing an extension of the firm’s growth in the America’s region.
Efficiency with Security
“The financial services and insurance industry must manage large amounts of data and keep pace with increasing regulatory change,” comments Serge Delpla, CEO, NeoXam. “With our software and expert knowledge of the space, Guardian will be able to eliminate a number of cumbersome manual processes with the assurance that data management remains secure.”