FinTech solutions developer OPAL IS has launched a fully digital platform for HSBC’s new income protection product.
The new proposition, aimed at advisers and comparison websites, is currently being trialled on a small number of intermediary firms ahead of a wider market roll-out later in the year.
The system was built on the firm’s PANDORA platform and white-labelled to HSBC’s brand requirements. The build included all aspects of the customer journey from quotation through to acceptance, administration and claim. It includes an adviser portal for fully digital self-service as well as being integrated with comparison websites.
It also features a Quick Quote process, which enables financial advisers to get a rapid indication of whether their client qualifies for the product, without the need for detailed underwriting questioning.
Eoin Lyons, OPAL Group chief executive, explained that his firm has already supported HSBC for many years by administering a number of high value and complex products.
“We believe we are the only software and solutions provider in the market who can deliver a fully digital solution in just four month,” he stated. “Our three main drivers in developing software solutions are flexibility, speed and quality of build across range of products and brand types, such as wealth, banking and protection.”
Latest News
-
Gemini to cut quarter of workforce and exit UK, EU and Australia as crypto slump forces retrenchment
-
Bank ABC’s mobile-only ila bank migrates to core banking platform
-
Visa launches platform to accelerate small business growth in US
-
NatWest to expand Accelerator programme to 50,000 members in 2026
-
BBVA joins European stablecoin coalition
-
eToro partners with Amundi to launch equity portfolio with exposure to ‘megatrends’
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories