2015 has proved a stand-out year for Kane Solutions. Over the 12 months, the firm continued to grow its client base, introduced a range of key enhancements to its IMS administration platform and expanded its team in multiple jurisdictions to support future growth.
“2015 was definitely a very strong year for Kane Solutions,” explains John Uprichard, Managing Director of Kane Solutions. “We achieved a number of significant client wins across the full life, pension and investment spectrum, both in terms of our TPA and fund administration services. What was particularly satisfying was the diversity of those wins, which have ranged from bringing new products to market and facilitating new launches, through to helping firms optimize administration and systems models by outsourcing to Kane Solutions.”
The firm primarily targets open and closed books of business in the LPI space. From a geographical perspective, it operates on a global platform, with current activity focusing particularly on Europe, Asia, the Middle East and parts of Africa.
“Our target market is quite extensive,” says Uprichard, “and can consist of companies wrestling with legacy systems issues and looking to completely rethink their administration model to cater for a more digital-savvy client, or those simply seeking to pass over the day-to-day back office operations to allow them to focus on their core competencies.”
A central tenet in Kane Solutions’s ability to deliver highly customizable, end-to-end process solutions is its proprietary IMS system. The client-based, web-enabled platform provides the administrative hub for its various products and services. During 2015, the platform underwent a series of upgrades to boost its overall capabilities.
“We rolled out a number of new and enhanced workflows, producer management and online dash-boarding tools, as well as ensuring compliance with FACTA and Common Reporting Standards (CRS),” says Nar Almeida, Head of Sales and Marketing at Kane Solutions. “We’ve also invested a significant amount of time and capital in further enhancing our infrastructure to deliver superior performance and agility to facilitate future client growth.”
With a well-established and successful track record in the TPA sector spanning over 15 years, during which the firm has issued over US$11 billion of offshore annuity and investment products on behalf of its clients, Kane Solutions is well positioned for continued growth in 2016.
“Over the next 12 months, our priorities will very much center on continued consistency in client delivery,” concludes Uprichard, “both for existing and new clients. We will invest further in our IMS platform and processes to ensure this, while also continuing to support new initiatives stemming from our client base, whether that be new products, services or entering new territories. From a geographical perspective, we will maintain our focus on opportunities in regions such as Europe, the Middle East and Far East.”