March 1, 2011

By MARK E. RUQUET, PROPERTYCASUALTY360.COM

NU Online News Service, Mar. 1, 12:21 p.m. EST NEW YORK—The economic downturn has meant cutbacks in many areas, but technology vendors still continued to invest, producing new, innovative products for the financial services industry, said a technology executive.

Microsoft Financial Services Group sponsored its 2011 Financial Services Technology Showcase here featuring more than a half-dozen technology companies working in the financial services sector—a few of whom presented solutions for the insurance industry.

Colleen Healy, general manager, financial services for Microsoft, said the presenters’ aim is to meet clients’ demand for innovation while delivering low-cost solutions that also help to increase productivity. Among these clients, she noted, technology is being looked at as “the differentiator” that will help them to be successful. Read more…