Fadata and CellPoint Digital Join Forces to Improve Payments
Fadata has collaborated with CellPoint Digital to enhance its Payment Orchestration solution, offering insurers an opportunity to provide seamless integration and a variety of flexible payment options for policyholders worldwide.
With the ready-made solution from CellPoint Digital, users of Fadata’s core solution, INSIS, will be able to streamline payment processes to improve efficiency, reduce administrative burden, and enhance overall payment management. Cloud-ready platform INSIS is made for insurers to automate processes, with customer satisfaction as a priority.
“We take pride in revolutionising payment operations, empowering clients to thrive in today's complex financial landscape,” comments Kristian Gjerding, CEO of CellPoint Digital.
“Our full-stack Payment Orchestration Platform is meticulously engineered to streamline cost while maximising revenue through comprehensive end-to-end capabilities. We look forward to serving Fadata clients and delivering the benefits of efficient payment operations and enabling them to save on operational costs.”
The integration between INSIS and CellPoint Digital expands insurers' access to a vast network of payment options, including 28 card schemes, 168 Alternative Payment Methods, and over 200 Acquirers, PSPs & Aggregators, for both incoming and outgoing payments. This comprehensive integration also supports various payment features such as stored cards, pay by link, split payments, instalments, multi-currency, fraud checks, and card routing. Notably, CellPoint enables pay-by-link functionality without relying on third-party intermediaries, streamlining the payment process. By directly communicating with INSIS, CellPoint ensures that successful payments trigger automatic policy activations, eliminating the need for manual intervention and enhancing efficiency for insurers.
Neyko Bratoev, Head of Fadata Ecosystem, comments: “CellPoint’s pre-made payment orchestration within INSIS delivers our clients enhanced digital capabilities that accelerate revenue generation and payouts to the benefit of both insurers and policyholders. We are delighted to welcome CellPoint on as a partner, especially as they share our global design perspective. The extensive integration capabilities and payment methods of CellPoint will help equip INSIS users to expand into new markets with ease.”
Fadata consistently provides insurers with cutting-edge technology, prioritising innovation to meet both current and future business needs. Its central solution, INSIS, serves as a cornerstone in modern insurance operations. Through its Ecosystem, Fadata offers access to a range of specialised solutions from expert third-party partners, seamlessly integrated within its cloud-enabled SaaS platform. This integration ensures easy and efficient access to a variety of complementary tools and technologies. To learn more about the additional capabilities and partners enhancing Fadata's core solution for insurers, explore the Ecosystem.
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