{"id":79875,"date":"2026-05-07T09:00:00","date_gmt":"2026-05-07T13:00:00","guid":{"rendered":"https:\/\/staging.majesco.com\/?post_type=press&#038;p=79875"},"modified":"2026-05-08T11:19:40","modified_gmt":"2026-05-08T15:19:40","slug":"majesco-v3locity-retirement-pension-administration-wins-xcelent-award-for-breadth-of-functionality","status":"publish","type":"press","link":"https:\/\/staging.majesco.com\/?press=majesco-v3locity-retirement-pension-administration-wins-xcelent-award-for-breadth-of-functionality","title":{"rendered":"Majesco V3locity Retirement &amp; Pension Administration Wins XCelent Award for Breadth of Functionality"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Report highlights Majesco\u2019s Technology Leadership<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MORRISTOWN, N.J. \u2014 May 7<sup>th<\/sup>, 2026<\/strong> \u2014 Majesco, the insurance industry\u2019s foremost innovator in cloud-native, AI-native software, today announced that Majesco V3locity for Retirement &amp; Pension Administration has been recognized for the XCelent Award for Breadth of Functionality in Celent\u2019s latest report for core policy systems. This recognition supports the strong market presence and customer base for pension and retirement and pension risk transfer (PRT) solutions in North America.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The award recognizes solutions that deliver comprehensive capabilities across core functions, supported by strong customer feedback, proven production deployments, and robust feature sets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Majesco V3locity for Retirement &amp; Pension Administration is a strong solution in the pension and retirement and PRT market, with differentiated capabilities designed to support complex plan structures and modernize operations for unions, states, municipalities, and other organizations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe Pension and Retirement market is exploding due to a convergence of closed defined benefit plans and higher interest rates,\u201d said Tom Scales, Principal Analyst, Celent and author of the report. \u201cSolutions like Majesco V3locity for Retirement &amp; Pension Administration are critical for firms both in the market and considering entering the market.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Noted in the report, Celent recognized Majesco V3locity for Retirement &amp; Pension Administration for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Intuitive and user-friendly interface with streamlined navigation and access to key contract components<\/li>\n\n\n\n<li>Flexible low-code\/no-code capabilities for designing and managing complex benefit plan structures<\/li>\n\n\n\n<li>Highly configurable plan design supporting both standardized frameworks and customized contracts<\/li>\n\n\n\n<li>End-to-end transaction management that reduces manual intervention and improves accuracy<\/li>\n\n\n\n<li>Automated pension calculations and benefit disbursements, minimizing errors and accelerating processing<\/li>\n\n\n\n<li>Integrated workflows and customizable dashboard that empower business users<\/li>\n\n\n\n<li>Scalable, high-performance architecture capable of handling large data volumes and complex calculations<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Celent also noted Majesco\u2019s continued innovation, including ongoing investments in AI capabilities and platform enhancements to further expand flexibility and responsiveness to evolving market needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis recognition validates a fundamental shift happening in the retirement and pension market, moving away from fragmented, manual processes to end-to-end automated SaaS platforms,\u201d says Manish Shah, President and Chief Product Officer at Majesco. \u201cWith Majesco V3locity for Retirement &amp; Pension Administration, we\u2019re not just adding features, we\u2019re redefining how organizations design, manage, and scale complex benefit programs with precision, speed and operational efficiencies.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About Majesco<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Majesco isn\u2019t just riding the AI wave \u2013 we\u2019re leading it for the P&amp;C, L&amp;AH, and Pension &amp; Retirement markets. Born in the cloud and built with an AI-native vision, we\u2019ve reimagined the insurance and pension core as an intelligent platform that enables insurers and pension &amp; retirement providers to move faster, see farther, and operate smarter. As leaders in intelligent SaaS solutions, we\u2019ve embedded AI and Agentic AI throughout our robust product portfolio of core, underwriting, loss control, distribution, and digital solutions, and pension &amp; retirement administration so our customers can reimagine their business with real-time business insights, optimized operations, and enhanced business outcomes. Everything we build is designed to strip away complexity and let our clients focus on what matters: delivering exceptional products, experiences, and long-term financial security for policyholders and plan participants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a world where change is constant, our native-cloud SaaS platform empowers insurers, MGAs, and pension &amp; retirement providers with the agility to adapt to evolving risk, regulation, and market expectations, modernize operating models, and accelerate innovation at scale. With 1400+ implementations and more than 375 customers worldwide, Majesco is the AI-native solution trusted to power the future of insurance and pension &amp; retirement. Break free from the past and build the future of insurance at <a href=\"https:\/\/staging.majesco.com\">www.majesco.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Report highlights Majesco\u2019s Technology Leadership MORRISTOWN, N.J. \u2014 May 7th, 2026 \u2014 Majesco, the insurance industry\u2019s foremost innovator in cloud-native, AI-native software, today announced that Majesco V3locity for Retirement &amp; Pension Administration has been recognized for the XCelent Award for Breadth of Functionality in Celent\u2019s latest report for core policy systems. This recognition supports the&hellip;<\/p>\n<div class=\"wp-block-button is-style-transparent-arrow\"><a class=\"wp-block-button__link majesco-2022-read-more-link\" href=\"https:\/\/staging.majesco.com\/?press=majesco-v3locity-retirement-pension-administration-wins-xcelent-award-for-breadth-of-functionality\">View Full Resource <\/a><\/div>\n","protected":false},"featured_media":0,"template":"","solution":[245,15,247,250,251],"customers":[],"partners":[],"solution-categories":[],"class_list":["post-79875","press","type-press","status-publish","hentry","solution-business-transformation","solution-data-analytics","solution-innovation","solution-market-trends","solution-platform-technologies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Majesco V3locity Retirement &amp; Pension Administration Wins XCelent Award for Breadth of Functionality<\/title>\n<meta name=\"description\" content=\"Report highlights Majesco\u2019s Technology Leadership MORRISTOWN, N.J. \u2014 May 7th, 2026 \u2014 Majesco, the insurance industry\u2019s foremost innovator in cloud-native,\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Majesco V3locity Retirement &amp; 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