FIS - Data Governance: Data Repository, Flexible Results and Flexible Results API
Type of System
- Analytics
- Governance, risk, compliance (GRC)
- Internal/external reporting
- Operational risk management
- Data management
Type of platform
- Cloud
- Desktop-based
- Server-based
What are the typical implementation costs?
Implementation costs vary depending on the scope of the project. The main solution is SaaS hence provides a much more streamlined implementation. Thanks to our extensive out-of -the-box functionality, which cover the latest machine learning algorithms and approaches clients can build new models very quickly.
How long does your software take to implement on site?
Again, implementation timeframes vary according to the project’s scope. But extensive out-of-the-box functionality make it easier for insurers to rapidly deploy our software and develop predictive models to meet internal risk needs.
Please name companies that use the system/solution
Globally, more than 1,000 client sites in over 80 countries use the solution. We do not disclose all of our clients but a range of case studies are available.
Do you have an open API?
Yes
Does your solution incorporate AI technology? How?
AI is on our product roadmap.
Most recent significant update:
Among various updates in 2024 has been the ability to store and analyse monthly policy level calculations using a distributed database for maximum efficiency
Planned future enhancements:
Future planned enhancements include support for different database technologies and greater control over the granularity and shape of results output
How does your solution integrate with third-party systems or in-house systems?
Integration with third party systems is enabled through APIs or via connectors to other database technologies.
What is the key attribute of your product(s) that differentiates it from your competitors?
A robust and flexible data and results management solution to support internal and external financial reporting and analysis, designed to optimise handling of model related data and the process of integration with other systems.
What trends are you seeing in terms of customer demand?
Demand for detailed results availability for analysis at an economic cost without compromising on performance.
Contacts
Oscar Weafer
Vice President of Solutions Management, Insurance Risk, FIS
Email: [email protected]
