• FAST has been at the forefront of implementing Services Oriented Architecture (SOA) in the insurance industry. Using FAST Insurance Components in concert with FAST 8x, we can help you create and integrate new business capabilities and technologies with your enterprise architecture.

    • Achieve early benefits through rapid delivery of components
    • Reduces risk by using prebuilt logic from FAST and by leveraging your existing software assets
    • Our ability to quickly configure and build new software; coupled with our prebuilt components reduces cost
    • Experience and expertise implementing policy administration systems
  • FAST Insurance Components allow carriers to achieve legacy modernization without the cost and risk of "big bang" projects. Our plug and play approach delivers targeted as well as full end-to-end solutions for core functional areas.

    • Include pre-built components and services
    • Orchestrations for business process management
    • Pre-configured business rules that can be integrated as full applications
    • Components can be wrapped around your legacy system or can be used to overhaul the system piece by piece
  • FAST 8x is a software development framework that automates the development process and dramatically reduces the time required to build software.

    • Creates innovative and cutting edge software
    • Drives greater efficiency, at a fraction of the cost
    • Individual components can be deployed as standalone applications
    • Innovation is the key to success - our solution provides you with the business tools you need to succeed
  • With FAST, you can get the best of both worlds: best Policy Administration solution on the market – with more than 80 business processes from new business to claims; in a fraction of the time, cost, and risk.

    • Feature rich functionality and the best technology
    • Create innovative products and services
    • A system designed around business processes
    • A fresh approach for insurance companies looking to replace legacy systems, create new functionality or revitalize existing applications
  • We think it is fun to solve hard problems. Our entrepreneurial culture is comprised of a resourceful team, creative of people who have a vested interest in our clients' success.

    • Best architecture and technology on the market
    • Ultimate in configurability
    • Business process driven solution business partners love
    • Highly maintainable technology that provides "legacy avoidance"
    • FAST is "easy to do business with"
Are you really evolving? Watch now!

FAST Careers

FAST is always on the lookout for top talent. If you enjoy solving complex problems and want to be part of building what analysts have described as "the next big thing," FAST might be the perfect fit for you.

View Careers »

FAST News

FAST Releases New Video on Architecture

FAST’s latest video spotlights our groundbreaking architecture.

By moving away from large, monolithic systems, FAST’s cutting-edge architecture provides insurance companies with the ultimate in business agility and adaptability. With its truly componentized services oriented architecture, event driven business processes, highly configurable solutions, and strong governance model, FAST allows insurers to transform IT into a resource that opens new doors for business, rather than adding unnecessary constraints. It does so by allowing companies to expedite speed to market and create innovative products while simplifying integration and business processes.

To catch a glimpse of what our architecture can do for your business, follow the link here: http://www.fasttechnology.com/videos/player/?vid=i9xx5eDR&src=videos%2F

This video is the latest in our series highlighting FAST’s innovative approach to insurance software, which can be viewed here: http://www.fasttechnology.com/videos/

FBL Financial Goes Live with Initial Phase of Implementation

FAST is pleased to announce that FBL Financial Group has gone live with the first phase of its implementation of FAST Insurance Components.  This initial phase included new business for annuities, as well as indexing and related workflow for new business and inforce policies.  Over 15,000 items were indexed in the first month of usage.

This initial implementation is part of a multi-phase project in which FBL plans to leverage the FAST solution to replace multiple core systems – including policy administration, underwriting and new business.

“FBL has been a great partner,” stated John Gorman, COO of FAST. “We are looking forward to completing additional phases later this year.”

FAST Named Top Technology Platform

As a testament to FAST’s continued success, Celent, a leading research and advisory firm serving the financial services market, recently awarded FAST its prestigious Top Technology Platform award for 2013. Celent’s rigorous criteria included the modernity of the platform, deployment option flexibility, core adaptability and extendibility, and ease of change.  FAST was distinguished both for its advanced technology and the breadth of its functionality.

Celent 2

In its Policy Administration System Report, Celent’s accolades for FAST abound. It praises FAST’s componentized system which “allows an insurer to add functionality as needed and when budget allows.” It claims FAST’s product and rules configuration are “straight forward” and “allows for easy debugging within the system.” Importantly, it asserts that “FAST is a great example of how an insurer is no longer just buying software when they buy a policy administration system. They are buying a well pre-thought out design for how things should be done at an insurer. The software is configurable and can be customized, but there is an underlying model for how an insurer operates.”

It is no wonder FAST excelled in the review. For the past four years, FAST has provided insurance companies with the ultimate in business agility and adaptability. With its truly componentized services oriented architecture, event driven business processes, highly configurable solutions, and strong governance model, FAST allows insurers to transform IT into a resource that opens new doors for business, rather than adding unnecessary constraints. It does so by allowing companies to expedite speed to market and create innovative products while simplifying integration and business processes.

While the recognition is an impressive achievement itself, the context of FAST’s win makes it all the more notable. Thanks to its groundbreaking approach, Celent acknowledged FAST for the breadth of its functionality, where FAST outshined the vast majority of the competition – some of which have been in the industry for more than 40 years. In just four years, FAST has managed to develop its technology and functionality in less than half the time of its closest competitors, which have been in the industry for fifteen to twenty years. To be recognized by industry leaders in such a short period since its founding is a true success.

“I’m very proud of our xCelent Award, especially because we haven’t been in the market nearly as long as our closest competitors” beamed Tom Famularo, CEO. “FAST is committed to building software for insurer’s needs today with the flexibility they need for years to come.”

FAST’s Planning and Strategy Day Brings Hockey Legend Jim Craig to Edison, New Jersey

jim-craig-hockey As the keynote speaker for FAST’s Planning and Strategy Day on December 12, 2013, Olympic gold medalist Jim Craig provided inspiration and winning guidance to FAST’s employees and clients.

As the goalkeeper for the 1980 U.S. Olympic Hockey Team, Jim helped lead his team to victory against the supposedly unbeatable Soviet Union in one of the most spectacular upsets in sports history, now called the “Miracle on Ice.” Jim and his teammates overcame the odds to win Olympic gold at a difficult time in U.S.–Soviet relations. Jim drew parallels to FAST’s recent wins in the marketplace and amazing success in such a short period of time.

Drawing on his experience as an elite athlete and accomplished businessman, Jim revealed how commitment, preparation, purpose, and effort turned 20 college hockey players into Olympians. Jim inspired the audience by drawing comparisons between the USA hockey team’s successes and how a successful business like FAST operates.  In his book “Gold Medal Strategies” he describes the hard work, determination, teamwork, accountability, and how the importance of creating a legacy can lead to realizing any goal. Through his vivid storytelling Jim provided extraordinary insights on winning and left his audience with a call to action – make a difference and commit to FAST’s shared vision.jim-craig

“Talking with many of our customers and employees after the session, it was clear that everyone in the room had a shared vision for how in 30 years, people in this industry will be talking about how insurance software was delivered before FAST changed the industry” remarked Tom Famularo, CEO at FAST.

Without a doubt, Jim Craig inspired everyone at FAST to “go for the gold”.

Woman’s Life Insurance Society Goes Live with FAST for New Business and Underwriting

Configurability of FAST solution enables an implementation in less than five months

EDISON, NJ (PRWEB) November 21, 2013–FAST announced today that Woman’s Life Insurance Society® is in production with FAST Insurance Components.  For Woman’s Life, the solution includes application entry, case management, underwriting, premium quotes and issue calculations for the company’s life and annuity business.

Leveraging FAST’s Agile-based delivery methodology, the solution was implemented in less than five months by a team staffed by a core group of Woman’s Life and FAST personnel.  Between the two companies, the team size averaged less than four full-time equivalents for the project.

“FAST has enabled us to significantly improve our new business processing capabilities in a very short period of time,” said National President of Woman’s Life Chris Martin. “I’m extremely proud of the way the teams from Woman’s Life and FAST were able to collaborate to deliver something that is truly impressive.”

FAST Insurance Components is the industry’s first complete suite of more than 40 pre-built business process driven software components delivering targeted and end-to-end solutions. By leveraging FAST Insurance Components, carriers are able to cost effectively eliminate the redundancy in data and functionality in their enterprise. The solution allows carriers to achieve legacy modernization via a fully SOA-compliant alternative to conventional vendor systems.

“This implementation serves as a testament to the insurance processing capabilities, as well as the configurability of the FAST solution,” said John Gorman, chief operating officer of FAST. “However, you can’t implement something this complete this quickly without a customer who is fully committed to taking an Agile approach.”

Chad Hersh of Novarica added, “This is further evidence of the type of benefits that are obtainable with modern, flexible core systems.  When combined with an incremental and iterative delivery approach, insurers now have the option to see benefits much more quickly and with fewer resources at a lower cost.”

In addition to providing individual components, FAST provides fully integrated, pre-configured software applications for policy administration, new business and underwriting, distribution management, insurance portals and claims.

 

About Woman’s Life

Woman’s Life Insurance Society® is a not-for-profit membership organization. For more than 120 years, Woman’s Life has been offering quality financial products, including whole life, universal life, term life insurance, and flexible premium and single premium annuities designed to help women plan for a financially secure future for themselves and their families. Through the sale of financial products, Woman’s Life funds community projects held by members to benefit charitable organizations and individuals in need in the communities where members live. To learn more, visit www.womanslife.org, or call 1-800-521-9292.

 

About FAST

FAST, which stands for “Flexible Architecture, Simplified Technology”, is a privately-held company located in Edison, New Jersey founded by the former leaders of NaviSys. FAST focuses on solving the challenges financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems. Visit: www.fasttechnology.com.

 

Contacts: 

Thor Harris

Percepture
Office: 800.707.9190 X 803
Cell: 201.206.0903

or

John Gorman, COO

FAST

Office: 732.238.0008

Cell: 732.513.1400

FAST Lands Top Insurance Technical Talent

It is clear that top industry professionals are now looking to FAST as their employer of choice.  In three years FAST has built a breakthrough technology framework and a talented team.  FAST recently recruited three industry-leading experts with a combined 60 years experience implementing technology solutions for 30+ insurance companies.  Peter Mathis, Keith Guard and Michael Murphy are recent examples of industry authorities making FAST their employer of choice.

A former Oracle and Accenture resource, Peter Mathis, shares his thoughts on joining the FAST team, “I joined FAST because of the

Peter Mathis (top left), Mike Murphy (bottom left), Kieth Guard (right)

dynamic environment, new and innovative software, creative leadership and dedicated staff.  FAST is an exciting place to work and provides great opportunities and tremendous job satisfaction.”

Mike Murphy, a prior Accenture and NaviSys employee, decided on FAST because, “no other company, large or small, offered so many opportunities for me to learn, grow and make significant contributions to our products and our customers.”  Mike was considered by many to be one of the top experts of infrastructure, cloud environments, and technical architecture in Accenture’s life insurance software group.

Keith Guard, prior roles with EXL, Accenture, LIPD, sums up with “For this next step in my career, I wanted to work with a focused, nimble organization that offered a variety of modern insurance software solutions.  It was also important to me to find a place where the leadership team had the experience, energy, and talent needed to aggressively and successfully grow the business.  I am confident I’ve found this rare combination here at FAST.”

“I am real excited to bring people in with this combination of industry experience and energy.  Our customers will really appreciate and benefit from additions like this.”, says Tom Famularo, CEO of FAST.

As FAST continues to grow, it will continue to recruit and attract top talent from within the industry.

Recruiting the best at Carnegie Mellon

Over the past three years, FAST has experienced impressive growth which has presented an exceptional challenge – acquiring top talent.  FAST has devised a strategy for strengthening its workforce – including recruitment at preeminent Computer Science Programs in the U.S.  FAST continues to leverage Carnegie Mellon University’s Computer Science program to build its team of top talent.

FAST first attended CMU’s Technology Opportunities Conference and TechSpark career fairs in 2011 resulting in the hire of CMU graduates– Anup, Varun, and Vishal.

Paul Futuyma, se2 project manager, noted, “The first thing I noticed about our CMU grads was that they didn’t need to be told what to do.  Rather, they asked specific thought provoking questions to senior members of the team to obtain knowledge for completing their tasks.  Combining this with technical skills to accomplish their objectives enhances their value.”

Commenting on his own recruitment experience, Vishal said, “Joining FAST has been a rewarding experience. I believe I learned more here than I would have at any other company. Knowing that I can contribute to the company’s growth and my opinions are welcomed by senior management is highly motivating.”

To identify new talent, FAST’s Director of HR, Stephen Demick, and CMU alumnus Vishal Jogi attended CMU’s September 2013 Technology Opportunities Conference.  FAST was well received by prospective candidates who Steve and Vishal learned more about while familiarizing them with FAST.  It was evident the students were impressed by a smaller, more nimble company providing software solutions without writing code.

By day’s end, FAST had accumulated a stack of impressive resumes from some of the best students in the country.  FAST sent a thank you note to everyone Vishal and Steve spoke with the very next day.

Vantis Life Licenses FAST for Commissions Processing

Component-based approach allows Vantis Life to address key pain point towards reducing risk and cost

EDISON, NJ (PRWEB) August 29, 2013–FAST announced today that Vantis Life Insurance Company has licensed the company’s business process driven software suite, FAST Insurance Components, to support commissions processing for its life and annuity business. The solution will include the following commissions-related capabilities: schedule management, calculation, reporting and accounting.

“Vantis Life is always looking for cost effective ways to improve service to our agents by leveraging best of breed technology,” said Executive Vice President and Chief Operating Officer of Vantis Life Scott Smith. “FAST’s componentized approach is going to allow us to make those improvements incrementally.”

FAST Insurance Components is the industry’s first complete suite of more than 40 pre-built business process driven software components delivering targeted and end-to-end solutions. By leveraging FAST Insurance Components, carriers are able to cost effectively eliminate the redundancy in data and functionality in their enterprises. The solution allows carriers to achieve legacy modernization via a fully SOA-compliant alternative to conventional vendor systems.

“I’m really proud that Vantis Life has selected FAST for this mission-critical application,” said Tom Famularo, chief executive officer of FAST.  “Several of the folks on our team have known the Vantis Life people since our days at NaviSys.  It’s particularly gratifying to see multiple former customers choosing to do business with us at FAST.”

Deb Smallwood, founder of Strategy Meets Action added, “Most insurers are facing challenges in the distribution management space, with each insurer having its own unique business and technology needs. I am pleased that Vantis Life is able to leverage FAST’s components to align to their specific needs, and position for advantage.”

In addition to providing individual components, FAST provides fully integrated, pre-configured software applications for policy administration, new business and underwriting, distribution management, insurance portals and claims.

 About Vantis Life

Vantis Life Insurance Company was established in 1942. From its inception, the company’s primary goal has been to provide families with affordable life insurance and annuity products available through their financial institution. With nearly $5 billion of life insurance in force, $900 million of assets and a rating of A-Excellent from A.M. Best, Vantis Life prides itself on providing A Better Life Experience for financial institutions and their customers. Sales and marketing information is available at 1-866-826-8471 orwww.vantislife.com/able.

About FAST

FAST, which stands for “Flexible Architecture, Simplified Technology” is an Edison, New Jersey-based Services Oriented Architecture (SOA) solutions provider for life/health and P&C insurers and distributors. Focusing on solving challenges that financial services clients face as they seek to modernize or replace legacy systems environments, FAST helps reduce risk and cost by providing the industry’s first complete SOA-compliant suite of pre-configured web business process-driven software components: FAST Insurance Components.   Visit: www.fasttechnology.com.

 

Contacts: 

Kristin Gabriel

Percepture
Office: 800.707.9190 X 817
Cell: 213.840.6978

Woman’s Life Insurance Society Licenses FAST for New Business and Underwriting
  –Component-based approach is a key factor in improving new business processes for life and annuity customers

EDISON, NJ (PRWEB) July 24, 2013–FAST announced today that Woman’s Life Insurance Society® has licensed the company’s business process driven software suite, FAST Insurance Components, to support new business processing for its life and annuity business. The solution will include application entry, case management and underwriting.

“As a fraternal benefit society, we are always looking for creative ways to improve efficiency and member service within a budget that’s appropriate for our size,” said National President of Woman’s Life Chris Martin. “FAST is allowing us to incrementally improve our core systems – starting with new business.”

FAST Insurance Components is the industry’s first complete suite of more than 40 pre-built business process driven software components delivering targeted and end-to-end solutions. By leveraging FAST Insurance Components, carriers are able to cost effectively eliminate the redundancy in data and functionality in their enterprise. The solution allows carriers to achieve legacy modernization via a fully SOA-compliant alternative to conventional vendor systems.

“We’re very pleased to be working with Woman’s Life on this important initiative,” said John Gorman, chief operating officer of FAST. “FAST is committed to solving legacy systems challenges across a broad spectrum of fraternal organizations and insurance companies.”

Chuck Johnston of Celent added, “Woman’s Life’s focus on the new business process makes a lot of sense. FAST’s componentized approach to providing insurance core process capabilities is aligned with the quick transformation process carriers must make to drive organic growth in the highly competitive life and annuity market.”

In addition to providing individual components, FAST provides fully integrated, pre-configured software applications for policy administration, new business and underwriting, distribution management, insurance portals and claims.

 About Woman’s Life
Woman’s Life Insurance Society® is a not-for-profit membership organization. For more than 120 years, Woman’s Life has been offering quality financial products, including whole life, universal life, term life insurance, and flexible premium and single premium annuities designed to help women plan for a financially secure future for themselves and their families. Through the sale of financial products, Woman’s Life funds community projects held by members to benefit charitable organizations and individuals in need in the communities where members live. To learn more, visit www.womanslife.org, or call 1-800-521-9292.

About FAST
FAST, which stands for “Flexible Architecture, Simplified Technology”, is a privately-held company located in Edison, New Jersey founded by the former leaders of NaviSys. FAST focuses on solving the challenges financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems. Visit: www.fasttechnology.com.

 

Contacts:

Kristin Gabriel
Percepture
Office: 800.707.9190 X 817
Cell: 213.840.6978

or

John Gorman, COO
FAST
Office: 732.238.0005
Cell: 732.513.1400

Keeping Pace with Growth – More Office Space for FAST

As it continues to build on its early successes and exceed expectations, FAST has outgrown its original office at Raritan Plaza I. As a result, FAST has just leased additional space to accommodate its continued growth and expansion.

Located in the same building, the new space will provide the infrastructure needed for the acquisition of exceptional talent and create a platform for continued business growth.

In fact, with its culture, philosophy, and innovative products attracting recent college graduates and accomplished senior level professionals alike, more than 10 new individuals are calling FAST home so far this year. FAST is always on the lookout to add talented and passionate entrepreneurs to its team of professionals helping its financial services clients solve the challenges of modernizing their legacy systems. Top talent allows FAST to grow revenue and provide outstanding service all without significantly increasing headcount.

The new space reflects significant growth for the company. With the rising headcount, expanding into new space is not only a necessity. It signals a strategic decision to invest in its employees and indicates that FAST both anticipates future growth and hopes to develop even better software for its clients.

“The new office space will allow us to continue to develop and execute outstanding projects, while leaving room for the continued growth we have planned for this year and beyond,” said CEO Tom Famularo.

Terms and Conditions. Privacy Policy.
© 2010 FAST, All Rights Reserved.

Mail
110 Fieldcrest Avenue - 5th floor
Edison, NJ 08837

Phone
(732) 225-0008

Email
contactus@FastTechnology.com