Matrix Financial Solutions Enters Insurance Market

Lake Success, N.Y.-based Matrix Financial Solutions, a division of Broadridge Financial Solutions, says it will expand its mutual fund and Exchange Traded Fund (ETF) processing to the insurance industry.

Matrix provides automation, compliance and operational trading technology on a consolidated platform.

"Insurance is an underserved market that will truly benefit from our experience and position as a trusted partner to leading financial institutions," says John Moody, President, Matrix Financial Solutions, in a statement. "Our unique ability to consolidate critical back-office functions, including trust, trading and technology, while driving cost savings, expanding fund access and helping clients navigate the changing regulatory environment, allows our clients to focus on their core businesses."

The company has appointed Shaun McNeill as AVP of Sales and Marketing to reach out to insurers. He last was VP of sales at Vertafore.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio