Business

Jackson Financial Secretly Talks with Gefen International

Published

2 years ago

February 24, 2022

According to industry sources familiar with the matter, Jackson Financial Inc., a publicly traded (NYSE: JXN) Life Insurance Company based in the US, is secretly involved in high level discussions with Australia’s Insurtech company, Gefen International A.I. (ASX:GFN), an Australian publicly traded insurance tech corporation.

Although details of the talks have not been disclosed, sources close to the matter reveal that Jackson has been looking over the past year to adopting advanced insurance technology aka ‘insurtech’ as a crucial component of their long term growth strategy.

What Does Gefen’s Technology Offer Jackson?

Gefen’s online platform ‘Moments’, was designed to disrupt this traditional financial and insurance ecosystem. This includes improving customers, the agents/advisors, and the carriers (such as Jackson Financial) access to critical data. The platform does not aim to replace agents in the sales process, as it sees them as being essential component to improve the service process.

Gefen Technologies ‘Moments’ is a highly compliant platform that can be leveraged by Jackson’s agents and advisors, and includes tools like sales and marketing, and messaging that would otherwise not been available to them via traditional means.

The Moments platform basically connects consumers, carriers, and advisors within a network, and automates their interaction. The technology analyses customers’ digital journey as well as their data, and provides automated insights, based on previous purchases which are converted into potential buying preferences.

The technology analyses data such as how much time customers spend on specific website pages, and how they have reacted to various offers that have been made to them in the past. This data is invaluable and provides advisors with a lot of information about customers prior to seeing them in person.

As a result, should a deal be signed, industry insiders concur the platforms ability to allow Jackson’s advisors the option to offer more relevant products to their customer database and increase revenue while reducing overall operating costs.

Jackson Financial Business – $362 Billion in Assets

As of December 31, 2020, Jackson Financial reported $362 billion in assets under management and was managing more than three million policies. Jackson has headquarters in Lansing, Michigan, with additional regional offices in both Chicago, Illinois and Franklin, Tennessee. The subsidiaries of the insurance company are licensed to distribute insurance products in the District of Columbia and all 50 U.S. states.

Jackson Financial Inc. demerged from Prudential plc in 2021 to form two separately-listed companies. Since the demerger from Prudential, Jackson’s growth has been stymied and this is reflected in their stock price dropping steadily.

In Mar 2021, Fitch Ratings affirmed Jackson Life Insurance’s Insurer Financial Strength (IFS) Ratings at ‘A’. Fitch however also affirmed a ‘BBB+’ Issuer Default Rating (IDR) assigned to Jackson Financial, Inc. The Outlook was revised from Negative to Stable for all ratings.

The revised Outlook from Negative to Stable mirrors Fitch’s stance that the pandemic’s economic impact on Jackson would be limited, especially as equity markets seem to have returned to normalized volatility. Although there is still the potential for modest credit impairments, Fitch forecasts that both capital and earnings will exceed, or stay in line with rating expectations. Longer-term worries still include the possibility for historically low interest rates that have persisted for several years.

Jackson’s financial performance, measured on both a statutory and GAAP accounting basis, is still strong although the earnings profile of the company is susceptible to pressures associated with a continued low interest rate environment and equity market performance.

According to various industry insiders and financial analysts, a potential Jackson Financial (NYSE: JXN) and Gefen International (ASX:GFN) collaboration is expected to be announced during Jackson’s fourth quarter results webcast conference scheduled on March 3, 2022.

Business

EFX Algo’s April Ascendancy: Commanding $37.63 Million in Deposits with Profits Soaring to $3.27 Million

Published

2 days ago

April 30, 2024

Matthew Wiles

As of April 11, 2024, EFX Algo stands out as a formidable force in the automated trading industry, showcasing extraordinary growth with a record-breaking $39 million in deposits across over 520 accounts. This month alone, EFX Algo realized gains of $321.24k, contributing to an impressive yearly profit of $2.75 million, cumulating a total profit of $3.5 million.

This financial technology powerhouse, co-founded by industry leaders Danny Reardon, Bogdan Padua, and Joe Amara, revolutionized the investment landscape by merging advanced technology with deep market insight to deliver a truly automated, hands-free trading experience.

EFX Algo is marking a significant footprint in the financial technology landscape. This article delves into the remarkable achievements of EFX Algo, spotlighting its rapid growth and the exceptional monthly gains that captivate investors globally.

A Financial Phenomenon

EFX Algo began as an idea between co-founders with a shared ambition to democratize the trading market. Today, it stands as a juggernaut in automated trading, having processed over $39 million in deposits across hundreds of accounts. As of recent evaluations, EFX Algo manages these substantial funds and delivers impressive gains, with reports showing an upward trajectory of $1.43 million in profits in just one month.

“We created a platform that exhibits robust performance and reliability time and again,” Reardon said. “I think I speak for all of us at EFX Algo when I say we are proud to show our numbers, because they reflect our aims: Democratized trading profits for all.”

Innovative Trading Strategies and Performance Metrics

At the heart of EFX Algo’s success are its innovative trading strategies, designed to cater to various investor profiles from conservative to aggressive. The platform’s ability to yield consistent returns is evidenced by its performance metrics, boasting gains that significantly outperform traditional investment benchmarks.

“We employ a diversified approach, meticulously back-tested and refined, to ensure stability and growth amidst the volatile financial markets,” said Reardon.

Unparalleled Support and Client Success Stories

Beyond its financial accomplishments, EFX Algo shines in customer support and satisfaction. The platform has been likened to having a personal assistant, akin to ‘Alfred from Batman,’ always ready to assist and enhance the investment journey.

Testimonials abound of users experiencing substantial portfolio growth, with one investor highlighting a 20.5% increase in just four months.

“We care about empowering investors with the tools and support necessary for success,” Reardon shared.

A Transparent and Trustworthy Trading Partner

Transparency and trust form the cornerstone of EFX Algo’s philosophy. Through real-time data verification with Myfxbook, clients and would-be clients alike can independently assess the platform’s performance, ensuring that their investment decisions are based on genuine and untampered data.

“We believe our openness cements our reputation as a reliable partner in the automated trading industry,” Reardon said. “We are building a community of informed and enabled investors.”

A Visionary Leap into the Future of Trading

EFX Algo is a vision realized, transforming the space of automated trading and setting new benchmarks in financial technology innovation. As it continues to grow and expand its horizons, EFX Algo proves to be a gateway to financial equipment and independence. With its impressive growth, consistent performance, and dedication to client success, EFX Algo stands as a paragon of investment excellence, reshaping the future of trading one transaction at a time.

About EFX Algo

Founded by Danny Reardon, Bogdan Padua, and Joe Amara, EFX Algo is an innovative, fully-automated trading bot designed to provide 100% hands-free, high-return investment opportunities by transforming yearly gains into monthly profits, previously exclusive to an educational network and now available to the general public. The software is designed to manage investments and execute trades in the financial markets without the need for manual intervention. For more information, please visit: https://www.efxalgo.com