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NEOXAM HAS BEEN SELECTED BY GUARDIAN TO PROVIDE INVESTMENT DATA MANAGEMENT AND REPORTING FUNCTIONS

NeoXam will support one of the largest U.S. mutual life insurers with an investment data management solution, including IBOR reporting

NeoXam, a leading financial software company, announced that it has been selected by The Guardian Life Insurance Company of America® (Guardian) to provide solutions supporting a number of key investment reporting areas, as well as solutions to support investment book of record (IBOR) reporting, corporate actions and enterprise data management.

Guardian, based in New York, will deploy NeoXam’s comprehensive and customizable data management tool, DataHub, this year. Guardian has also agreed to implement NeoXam’s IBOR reporting tool in 2019. This will become the consistent and continuous source of all of Guardian’s investment data, delivering high-quality, real-time, multi-view positions and transaction data, with built-in reconciliation.

Guardian’s selection of NeoXam is the culmination of a year-long proposal, requirement-gathering and vetting process. The selection extends NeoXam’s growth in the Americas region.

Serge Delpla, CEO of NeoXam, commented: “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. 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.”