Neotel International, Inc. will incorporate its SignHere biometric signature software into MFX’s web-based insurance processing and claims software, WriteNow and ClaimsAssure. The digital signature software will speed up processing and claims for insurers while adding extra security. The software captures and analyzes over 30 parameters of signatures for authenticity.
Neotel International Inc. Forms Strategic Partnership in Insurance Industry
Markham, ON & Morristown, NJ — MFX, a leading provider of IT applications, consulting and outsourcing solutions, has developed its CorporateShield security offering into a full management consultancy service that will provide top tier corporate decision makers with a complete roadmap to corporate security, risk management, privacy and compliance. MFX has partnered with SecureIT, a wholly owned subsidiary Neotel International Inc., to leverage SecureIT’s experience in developing a business-based approach to corporate security issues.
As part of the arrangement, Neotel’s SignHere biometric signature software will be incorporated into MFX’s web-based processing and claims software products, WriteNow and ClaimsAssure, which are used across the insurance industry worldwide. By utilizing the digital signature software, which captures a statistical diagram of signatures and analyzes over 30 different parameters to ensure authenticity, MFX expects to further increase the speed of processing and claims cycles for insurers, while adding an extra security dimension.
“MFX’s CorporateShield team is equipped to evaluate physical and enterprise security risks and implement high-tech security solutions to mitigate any exposure, while releasing customers’ resources to focus on other core business areas,” reports Ross Alexander, Chief Security Officer at MFX.
“Our new management consultant approach leverages SecureIT’s experience to provide clients with a complete road map that enables customers to better manage the risk of digital assets and reputations, while providing a greater return on their risk and security investment.”
According to Ross, many organizations make the mistake of assuming that data and network security is a technology issue, rather than a business process issue.
Says Alexander, “Through misunderstanding and not applying the correct methodologies, many businesses are either spending too much or too little on security. Enterprise security is really about people, process and technology – in that order – and security needs to be viewed as a business process, just like sales, marketing or manufacturing. It’s a day-to-day process and, through this partnership, we’ll be able to ensure that our customers have the right amount of security, at the right price, mitigating the right amount of risk.”
Cam Johnston, Chief Security Officer at SecureIT comments, “SecureIT combines focused security expertise and methodologies with tremendous big firm experience that will enable MFX to set a new standard in delivering new risk management, privacy, compliance and security services. MFX will be able to deliver its customers with a business-based approach and dialogue to security issues, so that CEOs and business leaders can make rational, informed decisions about security – just the way they would about any other part of their business. Together with SecureIT, MFX will apply methodologies that enable non-technical, business decision-makers to understand where they are on a security road-map, and where they need to be, on an on-going basis.”
Ray Roy, Chairman & CEO of MFX, adds, “The partnership between MFX and SecureIT is a compelling combination for corporations looking for a total business security solution. MFX serves the highly regulated, data-intensive insurance and financial industries. We continue to invest in the technical capabilities required by these security conscious sectors.”