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MAJESCO SIGNS AGREEMENT WITH ONEFAMILY FOR NEW SAAS BASED POLICY ADMINISTRATION PLATFORM

MAJESCO SIGNS AGREEMENT WITH ONEFAMILY FOR NEW SAAS BASED POLICY ADMINISTRATION PLATFORM

Press Release

Majesco, the award-winning specialist SaaS solutions provider for the life and pensions industry is delighted to announce that it has agreed a partnership with OneFamily for the delivery of its SaaS based policy administration platform. OneFamily is a customer-owned financial services company with products spanning savings, investments, protection and lifetime mortgages.

OneFamily is the first financial services company to implement a cloud, SaaS based back office administration solution on the Microsoft Azure platform.

Majesco’s cloud based administration solution, Majesco Life AdminPlus, supports a number of financial services products, and will support the provision of OneFamily’s Lifetime ISA product. In addition to Majesco Life AdminPlus, OneFamily will also be using Majesco’s illustration and quotations SaaS solution, Majesco Life IllustratePlus. Using cloud-based SaaS solutions brings a new layer of flexibility to OneFamily’s offering by allowing it to respond to the changing needs of its customers in the new digital era.

Rachael Atkinson, Director of Enterprise Services at OneFamily commented: “OneFamily was looking for a modern, future-proofed back office administration system, based on the Microsoft technology stack. One of our main criteria when researching solution providers was that the chosen solution must be cloud based. With Majesco we found a market leading partner that could provide everything we were looking for and we look forward to a successful implementation in the coming months.”

Norman Carroll, Managing Director at Majesco Europe commented: “Majesco is pleased to work with OneFamily on a cloud, SaaS based model for back office policy administration. We firmly believe that SaaS based models can deliver real benefits both in terms of cost savings and efficiency for financial services companies in the UK today. We look forward to working with OneFamily on its new Lifetime ISA product.”