WNS Launches Blockchain-based VeriChain to Transform Risk Syndication in Insurance
January 29 2020 - 8:00AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Management (BPM) services, today announced the
launch of its blockchain-enabled risk syndication solution, WNS
VeriChain. Powered by IBM Hyperledger, the solution addresses
complexities and challenges in the syndicated insurance market.
Underpinned by deep domain expertise in the Insurance and
Re-insurance industry, WNS’ VeriChain leverages decentralized
ledger technology to enable specialty insurers to execute secure
transactions in a multi-party ecosystem. It offers a “single view
of truth” for all stakeholders in the syndicate including brokers,
carriers, and customers, helping drive increased transparency and
cooperation thus overcoming disputes and eliminating the need for
post facto reconciliations. WNS VeriChain offers end-to-end
digitization enabling brokers and carriers improve efficiency and
profitability, while enhancing the end-customer experience.
“At WNS, we are focused on leveraging emerging technologies like
Blockchain to offer state-of-the-art digital solutions that address
critical business challenges faced by our clients. WNS will
continue to make strategic investments in new-age technologies with
a goal of “co-creating” solutions designed to help our clients
transform their businesses and create competitive advantage in
their respective markets,” said Keshav R. Murugesh, Group CEO,
WNS.
WNS is a trusted partner to more than 30 insurance and
re-insurance clients, providing end-to-end solutions across the
entire insurance value chain. We are conceptualizing and developing
state-of-the-art, innovative business models helping disrupt
today’s insurance industry. Our digital solutions powered by deep
domain expertise, technology and automation, and advanced analytics
are helping clients drive true business transformation.
About WNS WNS (Holdings)
Limited (NYSE: WNS) is a leading Business Process Management (BPM)
company. WNS combines deep industry knowledge with technology,
analytics and process expertise to co-create innovative, digitally
led transformational solutions with over 350 clients across various
industries. WNS delivers an entire spectrum of BPM solutions
including industry-specific offerings, customer interaction
services, finance and accounting, human resources, procurement, and
research and analytics to re-imagine the digital future of
businesses. As of December 31, 2019, WNS had 44,011 professionals
across 60 delivery centers worldwide including facilities in China,
Costa Rica, India, the Philippines, Poland, Romania, South Africa,
Spain, Sri Lanka, Turkey, the United Kingdom, and the United
States. For more information, visit www.wns.com.
Safe Harbor Provision This
document includes information which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the accuracy of
which are necessarily subject to risks, uncertainties, and
assumptions as to future events. Factors that could cause actual
results to differ materially from those expressed or implied are
discussed in our most recent Form 20-F and other filings with the
Securities and Exchange Commission. WNS undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200129005317/en/
Investors: David Mackey EVP – Finance & Head of Investor
Relations WNS (Holdings) Limited +1 (201) 942-6261
david.mackey@wns.com Media: Archana Raghuram Global Head –
Marketing & Communications and Corporate Business Development
WNS (Holdings) Limited +91 (22) 4095 2397 archana.raghuram@wns.com
; pr@wns.com
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