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Tuesday, July 30, 2002

Looking to Insurers

by: InvestmentWires Staff, 

Confluence, a financial software provider, has released FundStation for variable annuity products. The product is designed to enable providers in that space to meet and/or exceed the SEC proposed three calender day turnaround time for investment performance reporting.

Prior to this move, Confluence had been concentrating on providing daily performance reporting solely in the mutual fund space. Now, the firm is expanding its horizons to include offerings from insurers as well. Confluence claims that its product includes a proprietary programming language that makes it possible to model newly invented fees in minutes rather than months.

"Combining the speed of our return engine with the extensibility of the new fee language makes FundStation a platform upon which firms will be able to cut costs, accelerate service and grow their business," stated Mark Evans, president of the company. 

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