Focus Solutions, (AIM:FSG) a supplier of enterprise solutions to the financial services industry, today announces that it has signed an agreement with Mastek, the global software solutions specialist for the Insurance and Government verticals, to provide a combined front and back-office solution to the global insurance market.
Mastek will integrate focus:360° life & pension extranet, Focus' multi-channel, e-commerce platform, into the latest version of their market leading policy administration software, Elixir 4. This combined solution will help major providers to dramatically reduce integration costs and launch new products and services in a significantly shorter timescale than was previously possible. It will also enable product providers to contract with a single supplier for both their front and back office requirements moving forward.
As part of the partnership, Mastek will resell focus:360° life & pension extranet, providing a single point of reference for clients, as well as act as a systems integrator for the joint solution for larger implementations.
Commenting on the partnership, Steve Williams, Business Development Director at Mastek said: "We have long been impressed with Focus' extranet capability and their strong reputation in the Life & Pensions sector. The partnership between the two organisations and our specialist domain knowledge in our specific areas offers real solutions to our clients needs in launching new products such as Group and Individual SIPPs, and in transforming their businesses to reduce costs and comply with imminent regulatory changes such as those expected from the RDR."
Richard Stevenson, CEO of Focus added: "This is a great endorsement for Focus that an organisation of the size and scale of Mastek has selected our focus:360° life & pension extranet product to front end the latest version of their policy administration platform. Focus and Mastek have the same strategic objective to deliver world class, scaleable solutions to some of the largest financial institutions across the globe."