Major player in the UK pensions and life market accelerates digital transformation
London, United Kingdom
One of Canada’s largest life insurers, Canada Life, has gone live with Temenos Multifonds to support its UK investment accounting operations. The firm successfully migrated over 800 funds over a single weekend and will administer more than £40 billion of assets on the Temenos platform. The implementation follows the successful migration of Canada Life’s Canadian business to Temenos Multifonds and consolidates both books of business totaling $160bn in assets onto a single, scalable global fund accounting platform.
“The move to Temenos Multifonds frees us from legacy constraints to accelerate our digital transformation and increase operational efficiency.”Daniel Shaughnessy, Director of Operations and Process Improvement of Canada Life UK