• 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"
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FAST News

FAST Named One of Top 25 InsurTech Companies by CIO Applications Magazine

–Cited for changing the way insurers think about technology–

 

Iselin, NJ, April 18, 2018 – FAST, a leading software company for the life and annuity industry, announced that CIO Applications magazine has named FAST one of the “Top 25 InsurTech Companies – 2018” in its April 2018 issue.  FAST was featured in the cover story of the same issue.

To create the Top 25 list, CIO Applications formed a distinguished panel of CIOs, CTOs, analysts and the CIO Applications editorial board.

https://www.cioapplications.com/vendor/fast-changing-the-way-insurers-think-about-technology–cid-1730-mid-96.html

According to CIO Applications, “FAST pioneers a new model which dramatically lowers the risk.”  The article also noted that “FAST’s SOA is truly componentized to incorporate both micro- and macro-level services designed for instant plug and play.”

“I believe our value proposition is unmatched, so it’s awesome to get recognition for both our software and our approach to delivering it,” said Tom Famularo, FAST’s CEO.  “Our customers are seeing amazing results.”

About FAST

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

For More Information, Contact:
John Gorman
732-225-0008
jgorman@fasttechnology.com

Tier-One Carrier Selects FAST as Core Platform for Life and Annuity Division

-Subscription-based license provides access to FAST’s policy administration platform-

 

Edison, NJ – April 9, 2018.  FAST, a leading software company for the life and annuity industry, announced today that one of the largest multi-line carriers in the United States has licensed FAST Insurance Components for its life insurance subsidiary.

The carrier is licensing the software through an annual subscription which includes configuration and full testing of the first product in a product line at no additional charge.  The scope of the implementation includes full policy administration through claims.  FAST is working with the customer to optimize business processes as part of a digital transformation.

“I’m proud of the fact that we are ‘putting our money where our mouth is’ when it comes to the configurability and upgradability of the FAST platform,” said Tom Famularo, CEO of FAST.  “The extent of our configuration enables us to quickly configure and test complex life and annuity products, so we can pass that savings onto our customers.  At the same time, because of our architecture, we can keep our customers current on new releases by offering upgrades at no charge.”

Mr. Famularo added “FAST continues to push the boundaries of ‘what’s possible’ for life and annuity core systems.  We’re also redefining what carriers should expect and demand from core systems providers.”

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

Media Contact:
John Gorman, COO
FAST
732.225.0008 (office)

 

FAST Named One of 10 Best FinTech Companies to Watch by Insights Success

–Cited for taking risk out of insurance transformation–

 

Iselin, NJ, April 3, 2018 – FAST, a leading software company for the life and annuity industry, announced that Insights Success has included FAST has one of the “10 Best Fintech Companies to Watch” in its 2017 review.  FAST was also selected as “Company of the Month” in the same issue.

In its annual list, Insights Success included companies who are “revolutionizing financial services with their unique, innovative solutions”.  The article may be viewed at:

https://www.insightssuccess.com/fast-flexible-architecture-simplified-technology-com/

According to Insights Success, “FAST is taking the risk out of insurance transformation by combining its innovative core software with a new way of delivering it.”  The review also noted that “FAST has proven to live up to the hype by cutting implementation times and costs by more than 75%”.

“FAST continues to ‘push the envelope’ and find ways to improve our software and our delivery capability.  We value this recognition of the strides we are making as a company,” said Tom Famularo, FAST’s CEO.

About FAST

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

 

For More Information, Contact:
John Gorman
732-225-0008
jgorman@fasttechnology.com

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