PP Pension deploys automated fund trading powered by Lumera
PP Pension successfully deploys fully automated fund trading, a milestone in their migration to Lumera’s policy administration platform.
Stockholm, January 12, 2022 – Lumera, working with implementation partner Future Core Cloud, has reached a significant milestone in a multiyear migration project with PP Pension, an occupational pension association for the Swedish media industry. The deployment of fully automated fund trading concludes the first of four planned phases in PP Pension’s migration to Lumera’s platform.
“Following a rapid implementation phase, we are truly impressed with Lumera’s solution and how it adds new capabilities to our fund trading offering. As clients’ expectations on digital experiences are continually raising, Lumera and Future Core Cloud provides the ideal match for meeting this challenge by migrating our core enterprise systems to a modern, future-proof SaaS environment,” says Kjell Norling, CEO, PP Pension.
PP Pension has invested in a turnkey Software-as-a-Service (SaaS) solution provided by Lumera and Future Core Cloud to benefit from a unified, cloud-native platform which enables migration of multiple legacy enterprise applications. Key objectives for the investment include increased productivity, enhanced quality, predictable operating costs, and to enable outstanding client experiences based on digitalization and automation.
“This is a significant step forward for our commitment to PP Pension and their clients, as well as for our partnership with Future Core Cloud. We believe that this migration project will serve as a model for future SaaS implementations of our platform,” says Mats Lillienberg, CEO, Lumera.
With a background as financial industry consultants, Future Core Cloud combines extensive industry experience from life insurance and pensions with solid expertise in Lumeras’s policy administration platform. Through the Lumera partnership, Future Core Cloud offers turnkey Lumera solutions to mid-market life insurers and pension associations.
“Our mission is not just about migrating PP Pension to Lumera’s modern platform, it also involves establishing SaaS as the new model for application delivery. We take care to address this transformation as a separate challenge, as it is essential for success,” says Johan Modig, CEO, Future Core Cloud.
For more information, please contact:
Kjell Norling, CEO: +46 8 729 90 90, firstname.lastname@example.org
Mats Lillienberg, CEO: +46 70 848 81 87, email@example.com
Christine Blinke, CMO: +46 73 668 60 08, firstname.lastname@example.org
Future Core Cloud
Johan Modig, CEO: +46 70 583 28 08, email@example.com
About PP Pension
PP Pension, founded 1882, is a Swedish occupational pension association. PP Pension was founded by the Swedish Publicists Support Association by the Publicist Club with the aim of managing the members pension capital. PP Pension operates in the media and information industry and is reciprocal, ie. Profits are back to their savers in the form of low fees, discounted funds and personal advice. For more information: www.pppension.se
Lumera is an insurtech company dedicated to the digital transformation of the European Life and Pensions industry. The Prudent Revolution is our mission – bridging technology and partnership to navigate the fastest, safest path through complex change for L&P providers. With a faultless track record from extensive migration projects, Lumera combines our cloud-native policy administration platform with deep domain expertise. For more information: www.lumera.com
About Future Core Cloud
Future Core Cloud is part of the group Future Core Fintech Consulting, founded in 2017, delivers IT and consulting services to the financial industry, with an emphasis on players in life insurance. Future Core Fintech Consulting’s employees have extensive experience in the life insurance area and in Lumera’s business system. For more information: www.fcfconsulting.se