NEW BRITAIN, Conn.--(BUSINESS WIRE)--VERTEX Incorporated, a provider of professional services and innovative software to the insurance and financial services industries, announces the second release of VTXDataViewer, a software as a service that simplifies and accelerates the software development life cycle by providing quality assurance tools specific to verifying insurance data.
VTXDataViewer, released to the marketplace in November 2013, to support large mainframe files, is now enhanced to include The Depository Trust & Clearing Corporation’s (DTCC) Insurance & Retirement Services file formats. A business user is able to perform data file reconciliation at a glance in an easy to read format that eliminates manual calculations, increasing the accuracy and efficiency of testing and data integrity within the files, thus saving time and money. The ACORD Standards-based DTCC insurance processing files include AAP, APPSUB, COM, FAR, IFT, L&A, MSD and POV.
When asked, Suzanne Brazeal, Senior Vice President of VERTEX Incorporated said, “We developed the tool because we heard from our clients that they needed a way to easily view their data once reformatted to DTCC’s record layouts. It has since received great praise for enabling their business.”
Leonard Schmitt, Group Director of Relationship Management at DTCC added, “Our clients who communicate contract and agent data to their constituents rely on consistency and accuracy. We are excited to learn that VERTEX developed a mechanism to perform quick and accurate data validations. It will improve their overall experience and relationship with their trading partners.”
About VERTEX, Incorporated: (www.vertexincorporated.com) Located in New Britain, CT, VERTEX has been providing innovative products and business and technical solutions to the financial services industry since 1991. VERTEX services include Business and IT Consulting, Migrations, Conversions, Integrations and Business Process Automation. VERTEX focuses on the life insurance and annuity segments and has gained a global reputation for expertise in these specialties. VERTEX is recognized by our growing list of prestigious clients as an industry leader.
DTCC has operating facilities and data centers around the world and, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2012, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at US$37.2 trillion. DTCC’s global trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide. For more information on DTCC, visit www.dtcc.com.