(Image source: One Inc website.)
One Inc (Folsom, Calif.), a digital payments platform provider to the insurance industry, has announced the company has recently entered a partnership agreement with Majesco (Morristown, N.J.), a global provider of core insurance software, consulting, and services for insurance business transformation, as a new partner and app on the Majesco Digital1st EcoExchange.
Manish Shah, President and Chief Product Officer, Majesco.
As a partner, One Inc’s digital payments platform seamlessly integrates into the Majesco P&C Core Suite, as well as Majesco Digital1st Insurance, providing a full-stack, inbound-outbound payment processing solution for Majesco customers, according to a One Inc statement. Using the One Inc Digital Payments Platform, insurers gain the ability to accept payments via multiple methods and channels, while communicating with policyholders through mobile, SMS text, email, phone, IVR, web, and social media channels, the statement says. For disbursements, One Inc says that its ClaimsPay integrates directly into Majesco’s Claims for P&C and enables single- and multi-party disbursements, including payments to homeowners and morgagees, lienholders, and vendors.
“One Inc is an important partner for us, and we’re already working with several common customers to optimize integration,” comments Manish Shah, president and chief product officer, Majesco. “Insurers count on us to deliver innovative solutions that facilitate business growth and digital transformation at speed and scale, and we’re confident our customers will benefit from the One Inc Digital Payments Platform via their new app in our Digital1st EcoExchange that can be used with our P&C Core suite and Digital1st platform.”
Christopher W. Ewing, CEO, One Inc.
Majesco reports that it serves over 200 insurers, reinsurers, brokers, and managing general agencies (MGAs) throughout the insurance industry. The company’s cloud-based platform—including CloudInsurer P&C Core Suite (Policy, Billing, Claims) and CloudInsurer L&A and Group Core Suite (Policy, Billing, Claims)—is designed to help insurers optimize business operations and deliver a modern, engaging customer experience. Majesco’s pitches its API-enabled solutions as opening up growth opportunities for insurance companies across all lines of business by providing the power, flexibility, and speed necessary to compete in today’s marketplace.
Future-Proofing Businesses
“We are proud to join Majesco’s collaborative partner ecosystem,” says Christopher W. Ewing, president and CEO, One Inc. “We’ve had great success integrating with the Majesco CloudInsurer platform in live insurer environments and look forward to helping our mutual customers future-proof their businesses with powerful digital payment solutions moving forward.”