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ELECTRONICS | Electronic Components
fastechnology.com

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Founded Year

1999

Stage

Series B | Dead

Total Raised

$14.82M

Last Raised

$8.61M

About Fast Technology

Developer of sensors for measuring torques on mechanical systems, thereby enabling improvements in machine efficiency, performance, and safety in a broad range of applications. The company incorporates magnetic and electronic signal processing for the torque measurement. This technique enables the direct and accurate measurement of physical parameters like torque, force, speed, and angle applied to a rotating and/or stationary shaft without contact to the shaft.

Fast Technology Headquarter Location

Otto-Hahn-Strasse 24 Gewerbegebiet Riemerling

Ottobrunn, 85774,

Germany

49 89 660295 0

Latest Fast Technology News

Lincoln Heritage Life goes live with FAST’s eApp

Oct 15, 2020

FAST Technology , a Verisk business, announced that Lincoln Heritage Life Insurance Company , a provider of whole life insurance, is in production with FAST’s electronic Application (eApp). The implementation is the first step in a multi-phase legacy transformation program at Lincoln Heritage, which will also include FAST’s distribution management and policy administration. “While selecting a holistic insurance platform was important, we had an urgent need to provide a premium eApp capability to our valued agents. Successfully implementing a state-of-the-art eApp capability, including digital signature and pre-filling of data, allows our agents to spend time talking about customers’ needs instead of filling out a form. We’ve already started the next phase of our transformation program and feel ideally positioned to meet the needs of both our agents and customers while adding more digital capabilities.” – Senior Vice President and CFO at Lincoln Heritage, Matt Londen. “Lincoln Heritage has embraced our platform and methodology to address a critical need. While their legacy transformation plans are ambitious, they’ve already started to realize significant benefits. We couldn’t be happier to have helped Lincoln Heritage achieve their goals.” – Managing Director and Founder of FAST. To support life insurers across the policy life cycle, Verisk has developed a suite of interconnected solutions that apply advanced analytics, automation, and machine learning to existing and emerging data sources. The solutions, seamlessly integrated with the FAST platform, are designed to transform current workflows in life insurance underwriting, life and pension analytics, claim insights, compliance and fraud detection, and actuarial and portfolio modeling. Share this A really good email covering top news. Leave this field empty if you're human: Related Posts

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CB Insights Intelligence Analysts have mentioned Fast Technology in 1 CB Insights research brief, most recently on Apr 8, 2020.

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