Duck Creek Payments Facilitator Provides Seamless End-to-end Insurance Payment Solution
KUALA LUMPUR, Oct 3 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, introduced its latest insurance-focused payments solution, the Duck Creek Payments Facilitator.
According to Duck Creek Technologies in a statement, this modern, end-to-end payment solution caters to the nuances of payments within insurance by providing carriers with access to digital payment methods for both collecting and disbursing funds.
Its Chief Executive Officer, Michael Jackowski said the Duck Creek Payments Facilitator is designed specifically to address the unique operational demands of insurance carriers.
“By embedding this capability into our broader platform, we are offering carriers a holistic approach that supports flexibility, boosts efficiency, and helps our clients deliver a frictionless experience for policyholders, agents, and vendors,” he said.
Meanwhile, its Chief Product and Technology Officer, Jess Keeney said: “In today’s fast-evolving insurance landscape, carriers require more than just transactional solutions. They need a secure, agile, and future-proof approach to global payment processing.
“The Duck Creek Payments Facilitator delivers exactly that, enabling insurers to effortlessly manage instant claims payouts to real-time premium payments, all from a single, proven solution.”
Duck Creek Payments Facilitator delivers a global solution, combining real-time capabilities, like FedNow, with traditional payments services and Banking as a Service (BaaS) functionalities, such as transactions via push-to-card or digital wallets.
Now insurers can collect or pay out to policyholders using any payment technologies in their market of choice.
Duck Creek Payments includes Duck Creek Payments Facilitator and Duck Creek Payments Orchestrator, introduced earlier this year.
-- BERNAMA