BOSTON--(BUSINESS WIRE)--State Street Global Exchange today announced that Delaware Life has expanded its use of State Street’s insurance software solutions by selecting Princeton Financial System’s ePAM for Investments and ePAM for Mortgages solutions for its investment accounting needs and mortgage portfolio servicing.
“We believe this partnership with State Street Global Exchange will help deliver more value to our annuity clients,” said Tony Perry, Investments and Treasury Program Director, Delaware Life. “State Street’s technology, ability to handle large implementations quickly and strong global support made this an easy choice.”
ePAM for Investments offers a simplified installation with multiple custom dashboards to effectively analyze and manage exceptions throughout the trading and investment lifecycle. ePAM for Mortgages is a specialized software application that automates the accounting, managing and servicing of commercial mortgage assets held by institutional investors and gives investors accurate, up-to-the-minute information on their entire mortgage portfolio.
“Insurers need a more dynamic approach to meet their liabilities,” said Ivan Matviak, head of software solutions, State Street Global Exchange. “In a recent survey1, we found that insurers are rethinking risk, and need adaptable systems that can support multiple geographies, asset classes and regulatory regimes. The legacy infrastructure can often no longer keep pace, and flexible tools that will grow with the business are cited as the second highest investment priority. Our solutions help clients effectively analyze and manage expectations through the trading and investment lifecycle and offer accurate, timely portfolio information and actionable insights.”
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About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $27.4 trillion in assets under custody and administration and $2.3 trillion in assets under management* at December 31, 2013, State Street operates in more than 100 geographic markets worldwide, including the U.S., Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
* This AUM includes the assets of the SPDR Gold Trust (approx. $31 billion as of December 31, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.
1 “Rethinking the Risk Business: Data and Analytics in the Insurance Industry” – State Street © 2013
Expiration Date: 02/28/2015