FINEOS' (ASX:FCL) shares jumped over 7% in recent trading on Monday after it said in a statement late on Friday that its strategic alliance with PwC will seek to boost insurers' modernization efforts.
PwC and FINEOS formalized an alliance in 2023. The strategic partnership will seek to move employee benefits carriers away from legacy core systems and onto FINEOS' "quote-to-claim platform, with embedded AI and FINEOS AdminSuite," its Chief Executive, Michael Kelly, said.
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