Emmanuel de Resseguier

London-based fintech Fennech Financial Limited has entered into a partnership with Larsen & Toubro Infotech in a bid to focus on smart cash management solutions which will enable insurance companies with a faster process, low operating cost as well as higher transparency.

The collaboration will allow Fennech to implement technology offerings and utilize change management processes.

Emmanuel de Resseguier, Chairman & CEO of Fennech Financial Ltd, added, “We are delighted to work with LTI, as the combination of our smart technology with LTI’s experience in implementing and managing process change within large organisations will bring significant benefits and cost savings to Insurers in the UK. Fennech’s F3 platform is specifically designed to allow our partners to easily deploy and support their own product offerings with our sophisticated range of payment and cash management tools.”

Established in 2017, Fennech helps in the internal and external management of cash movements including Cash matching & Allocation, Claims Payment Factory, and Agency Management.

Satya Samal, Chief Business Officer (Europe & Africa) LTI, said today, “Fennech’s cash management solution is transformational in simplifying and improving finance operations of insurers. The solution complements LTI’s offerings for AI, ML, enterprise integration and our proven expertise in delivering digital transformation in the insurance industry. We are confident that the partnership between LTI and Fennech will accelerate digital adoption in the finance function of Insurers”

by Megha Bhattacharya
Market Analyst at IBS Intelligence