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Sapiens strikes technology deal with US financial institution

Sapiens, a provider of business solutions to insurance and financial industry, has been selected by one of the US financial institution to build the operating platform to manage business decisions.

Sapiens said that it will provide a solution that improves the decision management process, allows control by the business users, improves time to market, and provides stakeholders with full transparency and helps the company to reduce risk in a difficult market.

The solution to be deployed is expected to result in increasing efficiency and consistency of the entire decision making process across the enterprise, and result in the ability to deploy business logic directly into business systems without the need for coding.

Leveraging Sapiens’ architecture, and, in line with The Decision Model, the company will now offer a product globally to be certified Business Decision Maturity Model (BDMM) level 4.

In addition, Sapiens is looking to expand this offering to additional large financial institutions, in North America and Europe, leveraging its global market reach.

Sapiens International president and CEO Roni Al-Dor said the company enables its customers to rapidly evolve in response to today’s hyper-competitive marketplace and changing regulatory landscape.