21 March 2018
visit www.nextgenbanking.co.uk

SS&C signs Essent Guaranty to Saas investment accounting model

01 September 2010  |  2172 views  |  0 Source: SS&C

SS&C Technologies, Inc., a subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), today announced that Essent Guaranty, Inc., has selected SS&C Direct, SS&C's institutional and insurance back- and middle-office software-enabled services, to service their insurance investment accounting processes.

As a provider of private mortgage insurance for financial institutions and mortgage investors in the United States, Essent required a back office service provider that was independent from both their custodian and their asset manager, and capable of handling all statutory accounting requirements for mortgage insurance.
"With SS&C executing our investment accounting, we are able to more effectively control our operating expenses as we grow and stay focused on building our core insurance business," said Larry McAlee, Chief Financial Officer of Essent. "We were impressed with SS&C's technology and reputation for servicing the needs of small and large insurance companies. We look forward to building a long-term relationship with SS&C."
"We are excited about the opportunity to be Essent's investment accounting provider," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "SS&C is a leading single source provider of investment management software such as CAMRA™ and Recon™, and SaaS and BPO services for insurance companies and asset management firms of all sizes. We believe this combination of technology and services gives us a competitive advantage in today's market as we continue to see growth in outsourcing middle- and back-office processes."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit www.vasco.comVisit www.facebook.com/business/

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
11435 views 0 | 5 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
10180 views comments | 29 tweets | 39 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
9591 views comments | 10 tweets | 8 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
8863 views comments | 14 tweets | 28 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
8711 views comments | 13 tweets | 28 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job