Specialist insurance software solution provider, Fadata, again demonstrates that its Ecosystem of partners provides convenient, pre-packaged, innovative tools for insurers, partnering with CellPoint Digital to deliver its leading Payment Orchestration solution. Fadata clients will benefit from a seamless integration with CellPoint, gaining access to its worldwide services, including an extensive array of flexible payment options for policyholders and seamless payment of claims.
With the ready-made solution from CellPoint Digital, users of Fadata’s core solution, INSIS, will be able to streamline payment processes to improve efficiency, reduce administrative burden, and enhance overall payment management, all of which ultimately help to improve customer satisfaction.
“We take pride in revolutionising payment operations, empowering clients to thrive in today's complex financial landscape,” commented Kristian Gjerding, CEO of CellPoint Digital. “Our full-stack Payment Orchestration Platform is meticulously engineered to streamline cost while maximising revenue through comprehensive end-to-end capabilities. We look forward to serving Fadata clients and delivering the benefits of efficient payment operations and enabling them to save on operational costs.”
The integration between INSIS and CellPoint links insurers to 28 card schemes, 168 Alternative Payment Methods, and over 200 Acquirers, PSPs & Aggregators, for both incoming and outgoing payments. Insurers also benefit from support for stored cards, pay by link, split payments, instalments, multi-currency, fraud checks and card routing. CellPoint even enables pay-by-link without a requirement for third-party handling. Cutting out the middleman, CellPoint communicates directly with INSIS, so that successful payments trigger automatic policy activations.
Neyko Bratoev, Head of Fadata Ecosystem, commented: “CellPoint’s pre-made payment orchestration within INSIS delivers our clients enhanced digital capabilities that accelerate revenue generation and payouts to the benefit of both insurers and policyholders. We are delighted to welcome CellPoint on as a partner, especially as they share our global design perspective. The extensive integration capabilities and payment methods of CellPoint will help equip INSIS users to expand into new markets with ease.”
Fadata continuously delivers insurers with highly relevant technology, championing innovation to support daily business, as well as future success. With its core solution, INSIS, Fadata sits at the heart of a modern insurance business. Ecosystem provides access to complementary specialist solutions from expert third-party technology partners, all of which can be accessed with ease and efficiency thanks to the flexibility of Fadata’s cloud-enabled SaaS platform. For more information about the technologies and partners expanding the capabilities of Fadata’s core solution for insurers, explore Ecosystem.