EDISON, N.J.--(BUSINESS WIRE)--FAST, a leading provider of componentized software for the life and annuity industry, announced today that it has been recognized for being an industry leader by Insights Success, a prominent publication serving the financial services market, as part of their annual research proclaiming the “The Top 10 Fastest Growing Financial Solution Providers.”

Insights Success selected FAST based on its year over year net new customer acquisitions as well as the company’s specialties in insurance administration systems, insurance technology, and insurance software. Key factors in the decision process were FAST’s more than 45 different components that can be integrated as stand-alone functions or bundled for a complete solution, and its micro services approach to supporting a lower risk phased strategy to replacing legacy systems.

Insights Success highlights FAST’s unique component-driven ability that enables carriers to reform critical functions without disrupting existing business maintained in legacy environments. Whether an insurer’s modernization strategy is to augment existing systems with incremental enhancements or slowly phase out core legacy over time, FAST’s componentized solution provides a way to meet their goals.

“Every single day, Financial Institutions are reinventing themselves resulting in constantly assessing their risk exposure by finding inconsistencies in what people are allowed to do, can do, did and can almost do. FAST Technologies offers a dramatically unique solution to finance industry with its componentized platform, microservices approach, and oriented architecture,” said Vikram Suryawanshi, Managing Editor of Insights Success.

“Being recognized by Insights Success as one of its top 10 fastest growing financial solution providers is an honor,” said Tom Famularo, CEO, FAST. “The fact that we were the only life & annuity policy administration vendor selected confirms to the industry that FAST is offering an innovative solution with real world value.”

To read the full Insights Success article recognizing FAST, please click here.

About FAST

FAST, which stands for "Flexible Architecture, Simplified Technology", is a privately-held company located in Edison, NJ, founded by the former leaders of NaviSys. FAST focuses on solving the challenges financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems.