NeoXam has been been selected by The Guardian Life Insurance Company of America, a mutual life insurer, to provide its investment data management and reporting functions.
Guardian, based in New York, will utilise NeoXam’s data management tool, DataHub, from this year onwards.
The insurance firm has also agreed to implement NeoXam’s IBOR reporting tool in 2019.
This will become the sole source of all Guardian’s investment data—delivering real time and transaction data, with built-in reconciliation.
The agreement extends NeoXam’s growth in the Americas region.
Serge Delpla, CEO of NeoXam, said: “We are delighted to be supporting Guardian. The financial services and insurance industry must manage large amounts of data and keep pace with increasing regulatory change.”
He added: “With our software and expert knowledge of the space, Guardian will be able to eliminate a number of cumbersome manual processes with the assurance that data management remains secure.”
