Contemi Solutions

We are thrilled to announce that our Solutions Director, Amrik Sanghera, has been nominated for one of the most prestigious awards in the financial industry in the UK - Systems in the City Financial Technology Awards 2024 🏆✨ organised by the esteemed Goodacre UK. We congratulate Amrik on being nominated for the 🏆 Sales Executive of the Year and the Relationship Management Specialist Award. This nomination reflects Amrik's outstanding leadership, dedication, and expertise in driving success for our team and clients. We are incredibly proud of his achievements and the positive impact he has made in our industry. Based in Contemi’s UK office, Amrik is responsible for business development and pre-sales with prospective and existing clients, leveraging his expertise to strengthen Contemi’s presence as a market leader within the Wealth Management systems industry. We wish him all the luck at the awards ceremony! #talentrecognition #sitc #sitc2024 #systemsinthecityawards #contemi #financialtechnoologyawards #wealthexcellence #wealthmanagement

We are thrilled to share that our company, Contemi Solutions, has been nominated for the prestigious Systems in the City Financial Technology Awards 2024 🏆✨ organised by the esteemed Goodacre UK,  a leading specialist business and technology consultancy working exclusively within the Financial Services sector. This recognition underscores our dedication to innovation and excellence in the #wealthmanagement industry. Being nominated for this award is a testament to the hard work and commitment of our entire team in developing cutting-edge solutions that empower our clients to navigate the complexities with confidence and efficiency. We want to extend a huge thank you to our talented team for their dedication and creativity, and to our valued clients and partners for their ongoing support and collaboration. Our wealth management solution is nominated in the following 4 categories: 🏆 Client Onboarding solution 🏆 Corporate Actions solution 🏆 Portfolio Management solution 🏆 Wealth Management solution We are also thrilled to announce that our Wealth Solutions expert, Amrik Sanghera, Solutions Director at Contemi, is also nominated for one of the most coveted award categories at the Systems in the City Financial Technology Awards 2024. 🏆 Sales Executive of the Year and Relationship Management Specialist Stay tuned for more updates. To know more about our wealth management solutions, visit us at - https://lnkd.in/f8kEzpD #sitc #sitc2024 #systemsinthecity2024 #goodacre #fintechawards #financialtechnology #wealthmanagementtechnology #wealthtech #wealthinnovation #assetmanagement #corporateactionssolution #clientonboardingsolution #portfoliomanagementsolution #digitaltransformation #contemi #wealthintelligence

Retail investors are an indispensable part of the #stockmarket, given that they maintain buy and sell activities through frequent trading activities. Fractional share trading provides a motivation for new investors to shift more cash from deposit accounts to the equity market. In an attempt to encourage more people to invest in stocks, several markets in Asia are pushing forward with #fractionalsharetrading. After South Korea and Singapore established fractional share trading guidelines in previous years, Malaysia followed suit last September. Our expert, kenneth Lim, Head of Professional Services, explores how #stockbrokers in Malaysia can utilise technology to further benefit from this initiative efficiently in this article - https://lnkd.in/g82nJpsu Automating the fractional trading process, from order placement to execution and settlement not only helps reduce manual intervention thereby minimizing errors, but also accelerates transaction times by efficiently handling larger volumes of transactions without causing a slowdown in the settlement process. Solutions like #NOVA Post Trade platforms increase efficiency, reduces operational costs, enhances data security and compliance, thus increasing overall business profitability. Read the article for detailed insight into how our NOVA platform is best suited to meet the dynamic and evolving demands of Malaysia's financial market. #posttrade #posttradeautomation #digitaltransformation #capitalmarkets #malaysiafractionaltrading #fractionaltrading #fractionaltradinginasia #backofficesolutions #settlementsolutions #contemi #cloudbased #saas

53% of UK #insurers reported challenges in 2023 around managing end-to-end #insuranceclaims resolution due to global supply chain problems; reports Gallagher Bassett. #Insurancecarriers in the UK are taking active steps to implement several strategies designed to ease supply chain problems, like implementing digital #claimsprocessing, adjusting claims processing timelines, and enhancing communications. 35% of insurers in the UK have moved to collaborate with tech providers to improve real-time tracking. “The greater adoption rate of these methods among UK insurers could potentially give the market players a slight edge in overcoming hindrances posed by supply chains,” said Gordon Vater BA (Hons) ACII (pictured left), managing director of Gallagher Bassett Technical at Gallagher Bassett in the United Kingdom. “As the insurance sector continues to grow and transform, resilience, agility, and a forward-thinking mindset will be the keys to success in the coming year and beyond. The ability to adapt swiftly, anticipate market trends, and enhance digital capabilities will be more crucial than ever for carriers to position themselves as industry leaders in the years ahead,” said Mark G. (pictured right), director of property and motor fulfillment for Gallagher Bassett Technical. Read the full news report on Insurance Business UK - https://lnkd.in/g2zDikuU Automating the insurance claims process has become increasingly crucial for several reasons. 1. It enhances efficiency and speed in handling claims leading to faster payouts and improved customer satisfaction. 2. It helps in reducing errors and fraud. Advanced algorithms and #machinelearning can detect patterns indicative of fraudulent claims. 3. It facilitates better compliance with regulatory requirements. 4. Another key benefit is cost savings as insurers can reduce operational costs associated with manual claims processing. 5. Furthermore, automation improves data analysis and customer insights giving valuable insights into customer behavior, preferences, and risk factors, enabling insurers to tailor products and services more effectively. Insurers that leverage automation can differentiate themselves by offering quicker, more accurate, and hassle-free claims experiences to policyholders, ultimately strengthening their market position. Seamless.Insure is a #cloudnative #saas based modular #insurancesoftware platform. Seamless' Claims Management module enables end-to-end digitalisation and straight-through claims processing, automating the traditionally tedious claims review and approval process. For more details, speak with our experts Ted Cederlund, Lesly L., Gaurav Mehta, William Pitt. Or visit us at https://lnkd.in/gj7-H4_a #insurancesolutions #insuranceinnovation #insurancetechnology #insurtech #insuranceautomation #digitaltransformation #contemi #seamlessinsurance

The GOVERNMENT OF MALAYSIA will implement #einvoices in stages, beginning in August 2024, to enhance the efficiency of Malaysia’s tax administration management. Under the mandate, businesses are required to generate and transmit electronic invoices in a standardized format known as the Malaysian Revenue Accounting System (MYS) XML. This format ensures uniformity and compatibility across different systems, facilitating seamless exchange of invoices between buyers and suppliers. #Stockbrokers in Malaysia will need to take several steps to ensure that their invoicing processes align with the requirements set forth by the Inland Revenue Board of Malaysia (IRBM). 1. Assess current systems and identify all the transactions that require e-invoicing as per the mandate 2. Generate invoices in the required format for all transactions including brokerage fees for each client. 3. Upload these invoices to the IRBM system and generate a unique code to be printed on respective invoices. 4. Maintain a repository and keep a track record of all invoices for audit and compliance purposes. 5. Ensure data security and integrity. 6. and stay informed of all alerts related to each invoice. Handling all these steps manually is not only making the business prone to errors but will also lead to increase inefficiencies in the business, further eating away at the profitability. With #NOVA e-invoicing solution, stockbrokers can automate all the required steps and thereby allocate their resources to more value-generating tasks. Automating the e-invoicing process will also ensure compliance, and improve data accuracy on invoices. NOVA e-Invoicing module seamlessly connects with the #posttrade systems, picks data for all the required fields, connects to IRBM systems through APIs or uploads manually using the Government portal, and generates the unique number and QR code; all through a single system. To know more about our solution, speak with our experts Gaurav Mehta, kenneth Lim, Kshitiswar Tripathy (KT), Manuj Bhardwaj. Or visit our website - https://lnkd.in/g6dgQSx2 and write to us at info@contemi.com for a demo. #einvoicing #einvoice #einvoicemandate2024 #einvoicemalaysia #einvoicecompliance #capitalmarkets #contemi #posttradeautomation #einvoiceautomation #digitaltransformation

Increased frequency and severity of #claims, increasing #cyberrisks, ever-evolving #regulatorycomplexities, and rising demands for efforts towards #sustainability and environmental concerns are just some of the challenges faced by the #marineinsurance industry today. Growing geopolitical uncertainties add to the incredible pressure on business profitability. Technology poises to play a crucial role in overcoming most of these challenges, transforming traditional practices, and enhancing efficiency across the industry. 1. Advanced technologies such as #bigdata analytics, #artificialintelligence (#AI), and #machinelearning enable #insurers to assess risks more accurately. They can analyze vast amounts of data including historical claims, weather patterns, and vessel information to make informed #underwriting decisions. 2. Technology streamlines #claimsprocessing, making it faster and more transparent. Insurers can use digital platforms and #blockchain to automate claims verification and settlement, reducing paperwork and administrative costs. 3. Technology-driven solutions enhance the overall #customerexperience in marine insurance. Online platforms and mobile apps allow policyholders to manage their policies, submit claims, and receive updates conveniently. Insurers can provide personalized services based on customer preferences and behavior, fostering stronger relationships and loyalty. 4. Technology solutions assist insurers in ensuring #compliance with #regulatory standards. Automated tools can monitor regulatory changes, manage documentation, and facilitate reporting, reducing #compliancerisks and associated costs. Seamless.Insure is a #cloudnative #saas based #insuranceplatform that automates the complete workflow of #insurancebusinesses from #customeracquisition to increasing speed, flexibility and adaptability for a quick time to market and provide industry-leading customer experience while ensuring data security and cost efficiency. Empowering some of the leading marine insurance businesses in Europe, Seamless.Insure is a #nocode platform that enables insurers and #MGAs to configure and launch new insurance products, create workflows, configure underwriting rules, generate #APIs, and share them with the distribution channel. Built on robust microservices architecture, Seamless.Insure can easily integrate with both upstream and downstream systems and enable end-to-end #digitaltransformation for organisations at a faster pace. To know more, speak with our experts Ted Cederlund, Lesly L., Gaurav Mehta. Or visit us at https://seamless.insure/ and write to us at info@contemi.com. #insurancetechnology #marineinsurancetech #generalinsurancetech #insurtech #insurancesolutions #insuranceautomation #contemi #seamlessinsurance #insurancesoftware #policyadminsoftware #policyadmintools #policyadminautomation

“You don’t need to spend years and a lot of money trying to build […] these technologies exist already, they’re out there. You’re better off buying something,” said Lynn Challenger, global head of trading and order generation at UBS Asset Management at the recent #TradeTechEurope2024 conference. “One of the benefits of buying, before you build, is that an #ordermanagement system or technology may be with you for 10 to 15 years, maybe even longer than that up to 20 years [and] if your revenues at the front take a dip, the first thing the president of your company is going to do is hit IT budget and potentially cut your big developers.” When this happens, a firm can find itself in a situation where its product lacks the necessary support to run effectively, Mr. Challenger added. Mr. Challenger emphasised that getting the trading team involved in the changes being made is a key way to not only drive change faster, but ultimately, reach goals quicker. Read an excerpt of his conference address on The TRADE News - https://lnkd.in/gQijtTuv Contemi Solutions' #Nova, is a comprehensive #cloudbased, cross-asset solution for automating #posttrade processing and #riskmanagement spanning #securities and #derivatives on a global scale. Available as an on-premise or on a hosted model, NOVA empowers some of the top-tier banks and #stockbrokers across Asia with enhanced operational efficiencies, reduced IT infrastructure cost, increased data protection and regulatory compliance, and ease of scalability based on business requirements to scale up or down instantly. To know more, speak with our experts, Gaurav Mehta, Kshitiswar Tripathy (KT), kenneth Lim, Manuj Bhardwaj. Or visit us at https://nova.contemi.com/ to set up a demo. #posttradeautomation #capitalmarkets #digitaltransformation #stp #contemi #posttradesolution #backofficeautomation #rpa #posttradeinnovation

The average comprehensive #carinsurance premium now sits at £635 (US$793.30), up 1% on the previous quarter (Q4 2023), indicating an easing of the price rises seen in 2023 when premiums rose by 25% from 2022, according to the Association of British Insurers. . However, insurers continue to absorb growing costs, with the average claim paid rising 8% to reach a record of £4,800 (US$ 5,997) over the same period. “We understand that car insurance costs are putting pressure on household finances. These figures show how competitive the motor market is, with insurers absorbing significant cost rises but keeping prices relatively stable,” according to Mervyn Skeet, the ABI’s director of General Insurance Policy, in a statement. Read the full news as published in Insurance Journal - https://lnkd.in/gr4pZdDB + Seamless.Insure is a comprehensive modular #insurancesoftware platform that empowers #insurers, #mgas, and #insurancebrokers to make their processes more efficient and profitable. #digitaltransformation is bringing revolutionary changes to the #insuranceindustry. From using #roboticprocessautomation (#RPA) and #artificialintelligence (#AI) to automate routine tasks; to utilising mobile apps and #chatbots to improve and personalize customer service; #insuranceplatforms like Seamless.Insure are enabling #insurancecompanies to increase their speed to market, reduce costs, increase efficiencies and improve customer loyalties. To know more, speak with our experts Ted Cederlund, Lesly L., and Gaurav Mehta. Or visit us at https://seamless.insure/ and write to us at info@contemi.com for a demo. #insurancetechnology #insurtech #insurancesolutions #contemi #cloudnative #saas #seamlessinsurance #insuranceinnovation #innovationininsurance #motorinsurance #vehicleinsurance

With the #maritime industry facing challenges, including supply chain disruptions, a significant energy transition, global uncertainties, and from #cybersecurity threats to #regulatorycompliance challenges, Ilias Tsakiris, chair of the Ocean Hull Committee of the International Union of Marine Insurance (IUMI), called for a more dynamic, flexible, and contingency-based approach to #marineinsurance. Emphasising the importance of adaptability, continuous learning, and cooperation, Mr. Tsakiris said, “In a world where established assumptions are being continuously challenged and new technological advances promise to revolutionise industries, standing still is not an option.” Read the full news on Insurance Business UK - https://lnkd.in/gy_Qetsd Seamless.Insure is a pioneering #insurance software platform for #insurers, #MGAs, and #insurancebrokers across Europe. A #cloudnative #saas based platform, #Seamless offers speed, flexibility and adaptability to insurance businesses aiming for a quick time to market and provide industry leading customer experience while ensuring data security and cost efficiency. The #nocode platform enables insurers and MGAs to configure and launch new insurance products, create workflows, configure underwriting rules, generate #APIs and share them with the distribution channel.  Built on a robust microservices architecture, Seamless.Insure can easily integrate with both upstream and downstream systems and enable end-to-end #digitaltransformation for organisations at a faster pace. To know more about our capabilities in empowering marine insurance businesses with continuously evolving technologies, speak with our experts Ted Cederlund, Lesly L., Gaurav Mehta. Or visit us at https://seamless.insure/ for more details and write to us at info@contemi.com to setup a demo. #insurancetechnology #insurtech #insurancetech #insurancesoftware #insurancesolution #insuranceplatform #contemi #seamlessinsurance #cloudinsurance #insuranceasaservice

We are thrilled to extend our heartfelt congratulations to Priyata Gurung (She/her), Rishu Gupta, Lesly L., Jack Le, Sandeep Kumar Mishra, Bengt Pettersen, Sarjerao Shinde, @Daniel Garton, & Long Do, for successfully completing the one-year Talent Development Program. This achievement is a testament to their dedication, hard work, and commitment to personal and professional growth. Throughout the program, they exhibited exemplary qualities and demonstrated a thirst for knowledge and self-improvement. Their enthusiasm, resilience, and eagerness to learn have not only enriched their skills but have also inspired those around them. The #TalentDevelopment Program was carefully designed by esteemed Program Facilitators and Coaches, Phik Ming Lim and Martin Frick, to nurture and cultivate the talents of our selected employees. The completion of this program by nine talents, each achieving their year-long individual development plan, underscores the success of the initiative. This accomplishment stands as a testament to the outstanding efforts of Ming and Martin, who meticulously curated this program aimed at fostering sustainability for a rapidly growing tech company like ours. We anticipate that these nine talented individuals will carve out successful professional journeys within Contemi Solutions, contributing to our collective success and helping us achieve even greater milestones. Once again, congratulations to our batch of 2023-24 on this significant achievement. We are immensely proud of your accomplishments. #tdp #talentdevelopmentprogram #talentnurturing #contemi #financialtechnology #fintech #insurancetechnology #insurtech #wealthtech #nova #seamlessinsurance