Blue Frog Solutions, Inc. Receives Equity Investment from The Bank of New York's Pershing Unit and Security Benefit.POMPANO BEACH Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. , Fla. -- Blue Frog  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. Solutions, Inc., announced today that it received an equity investment from Pershing LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a subsidiary of The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. Company, Inc., and from Security Benefit Corporation through its se2 division. Blue Frog is a leading provider of life and annuity software solutions and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in for insurance companies and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. intermediaries. "Our new affiliation with Pershing and Security Benefit is a direct result of the successful business relationships we've established over the past year," said Brad Levine, Chief Executive Officer, Blue Frog Solutions. "With this investment, Blue Frog will be able to accelerate the development of innovative new products for its insurance and broker-dealer customers, and provide them with even greater customer service and support." The investment will provide significant benefits for Pershing and Security Benefit's broker-dealer customers and their investment professionals. Blue Frog's software technologies complement various annuity processing tools currently provided by Pershing and Security Benefit. As part of their affiliation, the Blue Frog Solutions technology will be integrated into Pershing's NetExchange Pro(R) and Security Benefit's se2 platforms, providing their customers with an innovative solution that streamlines order entry, provides automated forms generation capability, and supports post-transaction reporting, including compliance alerts. In addition, customers will gain access to a best-of-breed, third-party solution that helps them better manage the regulatory requirements associated with annuities and more efficiently maintain these products. The technology will also provide customers with improved capabilities for directing orders to the appropriate branch office for review. Richard F. Brueckner, Chief Executive Officer, Pershing, said, "Our investment in Blue Frog Solutions reflects our commitment to supporting the growing demand for insurance products and to delivering innovative solutions for the broker-dealer community. This investment will play an important role in the financial industry's development of the next generation in insurance processing solutions, and help our customers address the challenges of supporting the rapidly growing annuities business." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kris A. Robbins, Security Benefit President and Chief Executive Officer, "Blue Frog has continually impressed us and others with their visionary thinking and solutions-oriented focus. We're excited about what the future holds for this partnership, and we look forward to the benefits we can share with our customers. These efforts will truly make ease of business a reality." About Pershing Pershing is a leading global provider of clearing and financial services outsourcing solutions to more than 1,100 institutional and retail financial organizations and independent investment advisors who collectively represent nearly 6 million individual investors. Located in 22 offices worldwide, Pershing provides customers with innovative technology solutions and a wide range of value-added products and services, including asset-gathering products and managed account services, extensive trading and financing capabilities, and website development. Pershing LLC (member NYSE/NASD/SIPC) is a member of every major U.S. securities exchange and its international affiliates are members of the Frankfurt, Irish, and London Stock Exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . Pershing LLC is a member of BNY BNY Bank of New York Securities Group and a subsidiary of The Bank of New York Company, Inc. BNY Securities Group is the global agency brokerage, clearing and financial services outsourcing sector of The Bank of New York Company, Inc. About se2 se2 provides business processing outsourcing (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) for the financial services and retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. sector. se2 offers service end-to-end for life and annuity processing with a state-of-the-art technology platform and an astute understanding of regulatory compliance issues unique and specific to the financial services industry. se2's life and annuity acumen, coupled with its dedicated processing capabilities, places it in the forefront of the BPO industry. se2 is powered by Security Benefit Corporation, a financial services holding company. About Security Benefit Security Benefit has been providing innovative retirement and investment solutions through independent financial planners for more than 100 years. Security Benefit specializes in serving the education, corporate, banking, government and health care markets, and also provides responsive financial solutions for individual investors. In addition to its own investment managers, Security Benefit also offers nationally recognized money management through its retirement plans, annuities, and mutual funds. About Blue Frog Solutions Established in 1997, Blue Frog Solutions, provider of middleware software for data transfer, messaging, and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. for annuity products for investment professionals, is considered a leader in the life and annuities industries. It has received recognition for its ACORD-based (Association for Cooperative Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of and Development) system, which has become a global leader in XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. standards for electronic data sharing. Its technology and architecture model is built to be flexible and scalable, and integrates well with carriers, financial services outsourcing solution providers, and industry utilities. |
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