FintechOS’s latest Accelerator allows pet insurance customers to access customized cover
London & Bucharest, 5th of April, 2022– FintechOS, a global technology provider for banks, insurers, credit unions and other financial services companies, and Salt Edge, a leader in offering open banking and secure customer authentication solutions, today unveiled a partnership to provide innovative and secure technology services to joint clients within the banking industry.
London, 5th April 2022: FintechOS, the global leader in high-productivity fintech infrastructure to companies that offer financial services, today announced its entry into the pet insurance space with its newest Accelerator, empowering insurers to offer hyper-personalized pet cover to a market worth over USD 7 billion.
FintechOS has developed its new Accelerator to empower insurers to offer tailored pet insurance to a market that has seen significant growth due to COVID-19. To increase penetration into this valuable market, FintechOS is helping insurers to transition to data-driven, hyper-personalized experiences that switch the emphasis from pet insurance to pet wellness assurance. This will earn insurers greater customer loyalty, and those with a wider portfolio can leverage this to drive informed cross- and up-sell opportunities.
Using the Accelerator, insurance customers can upload the details of their pet, including photos, to customize and tailor their experience and their cover. Furthermore, customers can combine multiple pet insurance policies for different pets under one account that can be managed through an integrated super app.
“95% of pet owners consider their pet a family member, according to the Harris Poll.,” said Jonathan Philips, UK Insurance Sales Director. “Protecting your pet is a personal matter and customers are demanding a personalized experience from their insurers. We’ve worked hard to create a product that empowers insurers to enter this lucrative and growing digital space.”
The pet insurance Accelerator brings further innovations to the award-winning FintechOS platform. FintechOS’ Northstar insurance product empowers insurers to take advantage of digital innovation without the need to upgrade their existing infrastructure. The platform includes ready-made accelerators, products that are ready to launch on installation, and can be completely configured and tailored to insurer needs.
Utilizing Accelerators within the FintechOS platform enables companies offering financial services to launch the products customers are demanding as soon as the need arises. Empowering FintechOS clients to build the future of financial services and insurance.
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FintechOS is the global leader in high-productivity fintech infrastructure technology. It helps companies across any domain rapidly launch and manage the next generation of products and services across lending, savings, insurance, investment, and embedded finance.
FintechOS solutions also give companies the ability to reduce cost on outdated core infrastructure, to modernize operations and deploy modern customer journeys that offer great customer experience.
FintechOS portfolio ranges from globally strategic companies like Groupe Société Générale, Vienna Insurance Group or Raiffeisen Bank to game changing players such as Oney, eMag, and Howden. The company employs more than 500 people in its offices in London, New York, Amsterdam and Bucharest.
To find out more, visit fintechos.com
Natasha Read/Ryan O’Leary
About Salt Edge
Salt Edge is a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.
More information: www.saltedge.com
Phone number: +44-2039-363-505
FintechOS is driving a paradigm shift in the way financial products and services are created by making banks and insurers truly customer-centric.
We consolidate critical data from multiple sources like existing databases and ecosystem APIs and these rich data insights are automatically plugged into every step of the customer journey to create truly personalised offerings. Our tech integrates seamlessly with existing IT systems and our low code tools quickly empower organisations to design valuable customer experiences.
These capabilities free our customers to tailor products, services, and interactions to a segment of one, increase ROI and decrease time-to-market.
FintechOS Lighthouse is designed to build end-to-end banking customer journeys that are fit for the future – it enables the delivery of smarter, personalised products and services. Pre-built functionality and low-code empower organisations to create value quickly. Move away from legacy systems or keep them in place – it’s all possible.
FintechOS Northstar, our customer-centric platform for insurance, lets insurers deliver clever products and services, at a faster rate. Our platform makes continuous innovation and fast go-to-market a reality. At the same time, it reduces cost via end-to-end digital customer journeys and increased efficiencies.
The FintechOS Innovation Studio opens up access to innovation through a low code framework. It is a space where your non-technical teams can create and launch personalised products and journeys – all driven by data and powered by automation.
Find out more, visit us at https://fintechos.com/
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