Hansard Global, an Isle of Man-based financial services holding company, has partnered with Majesco to deploy its SaaS-based LifePlus solutions to transform its business and support growth plans.

Under the terms of the contract, Hansard Global will deploy Majesco’s Life IllustratePlus, Life AdminPlus, and Life DistributionPlus solutions.

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Hansard global chief strategy officer Ollie Byrne said: “The introduction of the new system from Majesco will, above all, provide a continuation of the great service that financial advisors and their clients have become used to, and better position the Hansard Group to deliver on our ambitious strategic growth plans, where we see Fintech as a key enabler into the future.”

For Majesco, the latest deal marks the third contract win in UK during the last one year.

Majesco said that its future-ready LifePlus solutions are suitable for individual life, pensions and wealth management.

Additionally, its component-based SaaS platforms offers complete support during policy life cycle from customer fact find right through to payment of a claim.

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Majesco LifePlus Solutions does not require paying large upfront licence fees; instead they are allowed to pay per usage and work anyplace, anytime.

Majesco executive director for business development Philip Naughton said: “By partnering with Majesco, Hansard will be implementing next generation technology that will allow financial advisors and their clients real-time 24×7 accessibility to its services.

“We are eager to work with Hansard and help them realise the many benefits of our digital solutions.”

Hansard Global, which is a specialist long-term savings provider, administers more than $1.4bn in assets for almost 40,000 clients worldwide.