The new version has over 100 new features & improvements, including enhanced suitability, security, performance, reporting, and support for ACORD PPfA 2.16 and FINRA’s Rule 2821.
Blue Frog Solutions, a leading provider of Life & Annuity Solutions for Order Management, Compliance, and straight-through-processing released it’s AFFIRM for Annuities Compliance and Order Management System Version 1.5.
AFFIRM v1.5 is ACORD 2.16 compliant, features numerous usability improvements, a boost in performance, and support for FINRA Rule 2821. This release was made with a high-degree of coordination with Blue Frog’s industry partners, including carriers, brokerages, banks, and the Depository Trust and Clearing Corporation. Blue Frog’s partners have performed extensive user testing over the past two months and the response to the latest release has been overwhelmingly positive.
“AFFIRM v1.5 is simply the best annuity order system available today, offering superior flexibility at a lower cost of ownership for our clients,” says Chris Pernicano, VP Solution Services of Blue Frog Solutions. “AFFIRM v1.5 offers cutting-edge technology that helps financial institutions deal with the complex nature of annuity sales, compliance and operations.”
"Blue Frog’s unique customization capabilities set it apart from other annuity order entry systems on the market today," says Mark Schlafly, Vice President for Sponsor Relations, Linsco/Private Ledger. "Blue Frog enables annuity purchases through LPL’s integrated platform saving time for advisors, streamlining regulatory compliance for LPL, and improving contract issuance and accuracy."
Blue Frog Solutions, www.bluefrogsolutions.com, based in Pompano Beach, Florida, is a leading technology solutions provider and business processing outsourcing (BPO) firm that focuses on the life, annuities and long-term care market. Blue Frog automates both front and back end business processes between carriers and distributors with a focus on compliance to create automated business process efficiencies. Blue Frog’s solutions are based on the firm’s flagship ADMServer Framework software suite. As one of the largest providers of ACORD-based transactions and DTCC solutions, Blue Frog currently provides ADMServer solutions to more than 60 percent of the top 40 life and annuity companies and many of the largest distributors in the U.S.
More information about the AFFIRM for Annuities Compliance and Order Management System is available at: http://www.bluefrogsolutions.com/annuities.asp or Doug Massey at 954-788-0700 x216 dmassey@bluefrogsolutions.com