The insurance industry's increasing requirement for seamless digital payment solutions is addressed by Duck Creek Payments Facilitator's introduction.

The new product is intended to simplify premium collection as well as claims settlements, in response to the increased expectations that insurers are facing in terms of speed, security, and efficiency.

Duck Creek Technologies specializes in providing cloud-based, intelligent solutions for P&C insurance companies. With the solutions provided by the firm, insurers may automate and optimize their operations and maintain their competitiveness in a market that is changing quickly.

Global transactions are supported by the comprehensive, end-to-end payment platform known as the Duck Creek Payments Facilitator.

It enables insurers to effectively collect premiums and transfer payments by fusing traditional payment methods with real-time payment systems like FedNow. Moreover, the system has Banking as a Service (BaaS) capabilities that allow push-to-card and digital wallet transactions.

Duck Creek Payments offers the Payments Orchestrator, which was introduced earlier this year, in addition to the Payments Facilitator. The Payments Orchestrator's seamless integration with insurance companies' current systems guarantees access to the global payments ecosystem while cutting down on installation time and expenses.

With innovative solutions that meet the intricate operating requirements of the insurance industry, Duck Creek Technologies is not stopping.

A crucial component of the business's larger plan to improve policyholder, agent, and vendor experiences while also giving carriers more flexibility and operational efficiency is the Payments Facilitator.

In the rapidly changing insurance market of today, carriers need more than simply transactional solutions. Global payment processing requires a safe, flexible, and future-proof strategy, according to Duck Creek Technologies Chief Product and Technology Officer Jess Keeney. "Insurers can now easily manage instant claims payouts and real-time premium payments—all from a single, dependable solution—thanks to the Duck Creek Payments Facilitator."

“As we continue to innovate and expand our offerings, our focus remains on solving the most critical challenges our insurance clients face,” stated Michael Jackowski, Chief Executive Officer of Duck Creek Technologies. "The Duck Creek Payments Facilitator was created especially to meet the special needs of insurance companies in terms of operations. We're providing carriers with a comprehensive strategy that encourages flexibility, increases efficiency, and aids our clients in providing a seamless experience for policyholders, agents, and suppliers by integrating this capacity into our larger platform.