BOSTON, Feb 5 (Bernama-GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the launch of its Payments Marketplace, a comprehensive payments ecosystem purpose-built for the global insurance industry. The Duck Creek Payments Marketplace offers seamless integration with trusted payment providers and delivers end-to-end payment management for carriers. Duck Creek announced a significant partnership with Paymentus, (NYSE: PAY), a leading provider of digital payment solutions to our marketplace for ease of integration. This partnership brings billions in payment volume to the Payments Marketplace. Together, Duck Creek and Paymentus will serve several global Top 10 insurance carriers as well as large regional insurers as customers.
Leveraging the Duck Creek Payments Orchestrator, the Payments Marketplace accelerates payment integration timelines to as little as one to two weeks—a significant improvement over the nine to 18 months typically required for direct integrations. Notably, the integration process leverages Duck Creek Payments Orchestrator, offering carriers rapid connectivity without requiring years of orchestration readiness. Duck Creek Payments Orchestrator connects insurers to global payment technologies and providers, supporting both collections and payouts, regardless of existing IT infrastructure.