Atomic Named To Guidewire Insurtech Vanguards Program

Rhea-AI Summary

Atomic, a leading payroll connectivity provider, has joined Guidewire’s Insurtech Vanguards program, designed to assist insurance companies in leveraging new insurtech innovations. This partnership aims to enhance the property and casualty industry by providing insurers with real-time payroll data insights, facilitating faster quoting processes, and reducing operational costs. Atomic's unique solutions include both consumer-permissioned access and employer connectivity, addressing the needs of over 160 clients including large fintech apps. This collaboration signifies Atomic's commitment to advancing insurtech solutions and is expected to spotlight the company within the community of innovative startups in the P&C insurance sector.

Positive

• Atomic joins the Insurtech Vanguards program, enhancing its visibility in the insurance sector.
• Partnership provides real-time payroll data to insurers, improving quoting and operational efficiencies.
• Atomic is recognized for its innovative solutions in the payroll connectivity space.

Negative

• None.

SALT LAKE CITY--(BUSINESS WIRE)-- Atomic, a market-leading provider for payroll connectivity, announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtech firms and how to best leverage them.

(Graphic: Business Wire)

“We look forward to partnering with Guidewire to advance the insurance industry through the Insurtech Vanguards program,” said Jordan Wright, CEO and Co-founder at Atomic. “With Atomic, insurance providers can gain real-time insights into employee and employer payroll data, provide customers with quicker quoting times, save time and operating costs aggregating data, and enable pay-as-you-go workers' compensation models. We are excited for Atomic to be a part of the program and to be ushering in the next generation of insurtech solutions.”

Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtech firms, while connecting them with Guidewire’s P&C customers.

“We welcome Atomic to Guidewire’s Insurtech Vanguards program," said Laura Drabik, Chief Evangelist, Guidewire. “Guidewire’s experience with insurtechs, who are changing the way the P&C industry conducts business in today’s world, is significant. We have made it a priority to scout out, identify, and curate those insurtechs that are the most relevant to our community, and we are excited to spotlight Atomic as one of those key players.”

Atomic is the only payroll connectivity suite to provide customers with both consumer-permissioned access, through its UserLink solutions, and connectivity to employer and human resource administrative systems, through its EmployerLink solutions.

About Atomic:

Atomic is the market-leading provider of payroll connectivity, trusted by over 160 clients, including 13 of the largest fintech apps offering a digital-first neobank, alternative lending, crypto exchanges, and digital brokerages. Atomic's payroll integrations provide the infrastructure to connect consumers to their financial data, automate set-up and updates to direct deposits, digitize income and employment verifications, repay financial obligations from their paycheck, access earned but unpaid wages, and tap tax filing advantages, as well as supporting advanced payroll connectibity through its new EmployerLink solutions.

Atomic simplifies complicated payroll and human resource platform integrations with a suite of API solutions that covers over 480 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems.

Atomic is ranked by CB Insights as a Fintech 250, selected by Fintech Breakthrough Awards as a Best Banking Transaction Solution, and recognized as a Top Work Places 2022. Atomic has raised $78.6 million from investors, including Greylock, Mercato Partners, Core Innovation Capital, Portage, and ATX Venture Partners. For more insights on the intersection of fintech and payroll, you can subscribe to Atomic's Intelligence newsletter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230406005657/en/

Atomic

Kaylee Vientimilla

Manager, Brand Marketing and Events

Kaylee@atomicfi.com

714.609.8903

Source: Atomic

FAQ

What is the significance of Atomic joining the Insurtech Vanguards program?

Atomic's participation in the Insurtech Vanguards program enhances its visibility and allows it to collaborate with leading insurers to leverage innovative payroll solutions.

How does Atomic's partnership with Guidewire benefit insurers?

The partnership allows insurers to access real-time payroll data, leading to quicker quoting times and reduced operational costs.

What types of solutions does Atomic provide to the insurance industry?

Atomic offers consumer-permissioned access and employer connectivity solutions that streamline payroll data integration for insurance applications.

How many clients does Atomic serve?

Atomic serves over 160 clients, including major fintech applications.

What is the role of Guidewire in the Insurtech Vanguards program?

Guidewire provides strategic guidance to insurtech firms and connects them with property and casualty customers to foster innovation.