The Record Issue 11: Winter 2018

20 www. t e c h n o l o g y r e c o r d . c om MAR K E TWATCH Willis Towers Watson launches Claim Metrics for UK insurers Happit expands Office 365 adoption service Willis Towers Watson has launched Claim Metrics, a benchmarking solution for motor and household insurers in the UK. It provides claims leaders with an analytical tool to compare claims performance and identify trends across a range of operational and financial metrics. It also offers underwriters, pricing and actuarial teams and other senior managers insights into profitability drivers and patterns. Single-click learning service Happit is expanding its Microsoft Office 365 adoption service into the fintech industry and opening its first UK branch in London in 2019. The move is aimed at giving more support to UK-based Microsoft partners who are migrating to the cloud. Nasdaq partners with Microsoft to implement blockchain technology Global stock exchange Nasdaq is integrating its Financial Framework with Microsoft Azure Blockchain to build a ledger agnostic blockchain capability that supports a multi- ledger strategy. According to a blog post by Matthew Kerner, general manager of Microsoft Azure, the Microsoft Azure cloud will deliver highly secure interoperation and communication between the Nasdaq Financial Framework core infrastructure, ecosystem middleware and customer technologies, using an innovative blockchain microservices suite to execute transactions and contracts. “These offerings create a sophisticated blockchain system that allow various technologies to work together in a secure, scalable way, and enable Nasdaq to meet their customer requirements across multiple projects,” said Kerner. African digital payments and commerce company Interswitch has used Microsoft Azure to launch the Interswitch Blockchain Service, which brings together entrepreneurs, major financial institutions and corporate organisations and provides end-to-end visibility that will ensure fast and seamless trade financing in supply chain operations. As a result, small to middle-sized businesses will be able to access funding in a shorter time (up to three weeks) from participating. According to an Interswitch press release, the solution will allow Nigerian lenders and suppliers to identify and build relationships with high performing entrepreneurs, helping empower people to create more jobs, more wealth, and a more prosperous Africa. Interswitch and Microsoft launch blockchain-based service Photo: Microsoft