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An application’s Life Element

What is an Application? What does it do? How does an application work? Let us look at some of these basic questions:

Basically, an application is a tool that collects, process and shares data. It is like a human body and without a life element, the body will not work. Data

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Retirement Savings Plans – the Plan Migration Worries

Conversations with a few top record keepers in the retirement savings space led us to a predicament, which, albeit not too frequent, is but of significant importance in the retirement industry.

While day-to-day recordkeeping woes have mostly been addressed through currently available off-the-self solutions or through custom built applications thereby making

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Contributions processing: The least evolved of all recordkeeping processes?

Most record keepers today use several different software, both home grown applications and external products, for managing various recordkeeping processes like enrollment, contributions, loans, distributions, compliance testing, etc. With time, some of these business processes have become more evolved and streamlined compared to some others.

There are dozens of products that

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Investment Vehicles in Pension Funds

A majority of people do not save enough for retirement, and those who save, do so without understanding investment vehicles or without a goal and investment horizon. Many pension plans around the world are trying to address this by auto-enrolment, and default funds. Industry statistics in the US show that

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Lack of Standards in the Retirement Industry

Having made a move from Insurance to Retirement like so many of my peers, I was first awestruck by the sheer numbers in this industry in terms of total assets: with the total assets of pension funds about $10 trillion more than insurance companies.

Soon after, I was dumbstruck by the

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Work – Life Balance, a perspective

These are days of speed, instant gratification and everyone being in a hurry to get to the top of the ladder in terms of professional achievements. In a world with all this emphasis on these parameters, one key aspect of life that gets sacrificed is what is commonly referred to

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Congruent Eligibility Processing Solution

Challenges faced

Many recordkeepers and plan providers today do not have comprehensive eligibility processing capabilities, often resulting in a significant amount of manual intervention and a large number of errors.

We had a provider enquire if they could use the light-weight COREDC engine to compute the eligibility for them, without a data

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The Times They Are A-Changin’

The power of Insights and Analytics in Retirement.

The tune that Dylan sang in 1964 prophesying change becomes more pertinent with each passing year. We know live in a time where a machine (Libratus) is capable of bluffing us and beating the best humans at Poker. Somewhere else, Target is predicting

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A Brave New World of Investing?

Michelle is due to retire next year, and most of her savings are in equity. Having reaped the benefits of equity investments for the past 30 years she will continue to park her savings in equity instruments well into her retirement. Sounds Mindless?

There is a commonly cited rule in investing

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Does Operational Efficiency impact plan participation?

Employees these days are cognizant about the importance of retirement savings and appreciate the assistance from their employers. They want a financially secure life at the end of their careers.

State Street Global Advisors recently conducted a survey on people considered as millennials and Generation X. The survey findings suggest that

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The Cross-Road of Big Data Applications 2016:

Have you climbed the biggest data infrastructure tree and met with the analytics delegates in our previous posts? As this is a series blog, if you are reading from here you may probably get lost on the cross-roads. This is our third post and third time is always lucky, believe

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Big Data Landscape 2016- a General Sherman

Did you watch the jungle book movie??? I mean not the new fantasy adventure but the old funny “George of the jungle”. I just love Brendan Fraser in that movie, nobody could’ve done justice to that role except him but I too like the narrator who keeps on making the

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BigQuery: The story of my life

Me being a toddler:

I am BigQuery. My genesis is from Google. I am a cloud-based service that combines a NoSQL-style data store with “SQL-like” querying capabilities.

My mom said, before I was born, querying massive datasets was a hurdle without proper hardware and infrastructure. But now I solve this problem by

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