{"id":31149,"date":"2014-09-15T11:06:23","date_gmt":"2014-09-15T15:06:23","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=31149"},"modified":"2014-09-15T11:06:23","modified_gmt":"2014-09-15T15:06:23","slug":"ebix-inc-nasdaqebix-launched-exchange-platform-with-enhanced-features-today","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ebix-inc-nasdaqebix-launched-exchange-platform-with-enhanced-features-today-31149","title":{"rendered":"Ebix Inc (NASDAQ:EBIX) Launched Exchange Platform With Enhanced Features Today"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/15\/2014 (wallstreetpr) \u2013 <strong>Ebix Inc (NASDAQ:EBIX) <\/strong>today reported the launch of its Exchange Platform in support of an array of In-Force Transaction abilities provided by Insurance &amp; Retirement Services of The Depository Trust &amp; Clearing Corporation.<\/p>\n<p style=\"text-align: justify;\">Ebix Inc (NASDAQ:EBIX), a leading global supplier of E-commerce solutions and On-Demand software to healthcare, financial and insurance industries, seeks to implement the IFT features to support DTCC through its unit EbixExchange. The division offers a front-end Exchange to assist the processing of post-trade transaction within the DTCC IFT service, an offering of DTCC\u2019s subsidiary, National Securities Clearing Corporation.<\/p>\n<p style=\"text-align: justify;\">The Ebix Inc (NASDAQ:EBIX) Annuity Maintenance Platform, launched last year, provides brokers and agents the capability to service annuity deals with several carriers on the company\u2019s AnnuityNet Exchange. According to an <a href=\"http:\/\/finance.yahoo.com\/news\/dtcc-uses-ebixexchange-platform-enhance-113000028.html\" target=\"_blank\">article<\/a> published by GlobeNewswire it processes more than $50 billion in annuity agreements per year. The service uses safe DTCCIFT messages to network with carriers to make a back of in-force policy information. EbixExchange provides the broker or agent to make withdrawals, transfer funds and rebalance assets. It also allows support for other finance-related transactions across partner carriers through DTCC and others on one system.<\/p>\n<p style=\"text-align: justify;\"><strong>New Enhanced Features <\/strong><\/p>\n<p style=\"text-align: justify;\">EbixExchange, along with DTCC\u2019s IFT, will allow insurance distributors and carriers an opportunity to exploit a wider array of post-trade transactions through an upgrade to DTCC\u2019s online service.<\/p>\n<p style=\"text-align: justify;\">EbixExchange facilitates Loss Reporting compliance, Risk Administration tools, Quoting Engines, Order-entry platforms, CRM solutions, as well as Data Transformation solutions. Apart from these, it also enables other procedure augmentation services and products for the Health, Annuity, Life and P&amp;C Insurance sector.<\/p>\n<p style=\"text-align: justify;\">Ebix Inc (NASDAQ:EBIX) Chief Executive Officer, Robin Raina said EbixExchange feature is a significant driver to improve DTCC IFT service. DTCC I&amp;RS Vice President, Randi Gordon acknowledged Ebix\u2019s contribution and said that the new additional features to the service further automate the processes, enabling faster and more competent service to users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/15\/2014 (wallstreetpr) \u2013 Ebix Inc (NASDAQ:EBIX) today reported the launch of its Exchange Platform in support of an array of In-Force Transaction abilities [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":29476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[9127,5204,5205,9129,9128],"stock_ticker":[],"class_list":["post-31149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ebix-inc","tag-ebix-inc-nasdaqebix","tag-nasdaqebix","tag-randi-gordon","tag-robin-raina","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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