TPIsoftware Expedites Underwriting and Claims Processing for Cathay Life Insurance [Yahoo! Finance]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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Source: Yahoo! Finance
With Cathay utilizing TPIsoftware's Business Process Management (BPM) platform digiFlexis and digiMars , a big data management platform designed to elevate MongoDB community edition for commercial use, the insurer's underwriting and claims processing have seen an 86-fold increase in operational performance. (PRNewsfoto/????) TPIsoftware developed an image processing platform to address the data inconsistencies within Cathay's existing system, improving the data entry and document scanning to streamline the underwriting and handling of insurance claims. In resolving challenges related to scaling infrastructure for large-volume data management, digiFlexis and digiMars have been integrated to enable wide-scale monitoring of over 60 servers. TPIsoftware also employed advanced compression techniques to free up 40% of storage space for greater scalability and cost-efficiency. Recognizing the importance of organizational culture, employee adaptability and workflow integration, TPIsoftw
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