Fennech

Digitalising Finance Operations

Fennech Financial Ltd signs strategic Channel partnership with LTI -Larsen & Toubro Infotech to provide smart cash management solutions to the UK Insurance industry

July 1, 2019

Fennech Financial Limited is pleased to announce a channel partnership with LTI focused on the UK Insurance sector. The LTI business development team will be offering 3 current Fennech products to tackle current inefficiencies in the way UK Insurers manage their cash movements both internally and externally- Cash matching & Allocation, Claims Payment Factory, and Agency Management. The LTI expert staff will support both the implementation of the technology offering, and provide support to the Insurer through the process of change management to ensure a successful delivery of all the benefits.

Emmanuel de Resseguier, Chairman & CEO of Fennech Financial Ltd, added, “We are delighted to work with LTI, as the combination of our smart technology with LTI’s experience in implementing and managing process change within large organisation will bring significant benefits and cost savings to Insurers in the UK. Fennech’s F3 platform is specifically designed to allow our partners to easily deploy and support their own product offerings with our sophisticated range of payment and cash management tools. This is the first of many Channel Partnerships, across a number of verticals, that we expect to sign.”

Satya Samal, Chief Business Officer (Europe & Africa) LTI, said today, “Fennech’s cash management solution is transformational in simplifying and improving finance operations of insurers. The solution complements LTI’s offerings for AI, ML, enterprise integration and our proven expertise in delivering digital transformation in insurance industry. We are confident that the partnership between LTI and Fennech will accelerate digital adoption in the finance function of Insurers”.