NTT DATA Services is collaborating with FAST to deliver their shared vision of digital Third-Party Administration (TPA) and Business Processing as a Service (BPaaS). NTT DATA will leverage FAST’s microservices-based technology platform to help life insurers rapidly increase efficiency, develop new innovations, and streamline the customer experience. The addition of FAST’s highly configurable, no-code software can enable NTT DATA to significantly enhance its middle-office and back-office services. Together, the companies will create an expanded digital ecosystem to support the needs of today’s life insurance and annuity marketplace with a focus on rapid new product launch and new market entry. Key features of NTT DATA’s Life and Annuity digitalecosystem: Digital Third-Party Administration (TPA) services with a robust platform for integration; Accelerated time to market for innovative top selling and new products; Common user experience for new and in-force products; Flexible, granular division of operations - carrier can decide which functions are retained and which are deployed by the TPA; Single-tenancy configuration can enable client-focused and responsive platform support; Insurers have direct access to the platform to support their unique needs around reporting, product design, and analytics; Upgrades every 18-24 months allow insurer to take advantage of cutting-edge platform capabilities.