FinTech Magazine - October 2021 | Page 113

“ For an organisation to be successful you have to understand the business goals , strategy and show your peers how technology can enable that ”
RINGLER
“ As Ringler deals with multiple clients one of the things we ' re building out within Azure is an enterprise gateway so that we ' ll have a RESTful API architecture that allows us to quickly and easily integrate with any client that we may engage with .”
API architecture is the process of developing a software interface that exposes back end data and application functionality for use in new applications .
“ When we think about the expectations of our clients and regulatory agencies , as well as where we need to go for innovation and scale , we felt the most economical and

“ For an organisation to be successful you have to understand the business goals , strategy and show your peers how technology can enable that ”

BUTCH KNOWLTON EXECUTIVE VICE PRESIDENT & CHIEF INFORMATION OFFICER , RINGLER

DID YOU KNOW ...

WHAT IS A STRUCTURED SETTLEMENT ?
At the heart of a Ringler settlement plan is an annuity which is a financial tool that provides a tax-free solution to maximize their settlement dollars and is exclusively for injured people called a “ structured settlement .” Instead of taking all of the money a client receives from a personal injury claim as one lump sum , they can choose to put some or all of that money into a structured settlement . Regular payments are then made over a specified period of time to match your future needs and goals . The financial advantages of a structured settlement are :
• Guaranteed
• Tax-free
• Customised
• No risk , no fees
• Eligibility
Structured settlements apply to a wide variety of injury cases regardless of how much money is involved . Structured settlements are used for any personal injury claim including workers ’ compensation or medical malpractice cases involving :
• Long-term medical needs
• Temporary or permanent disabilities
• Minors or the mentally incompetent
• Severe injuries that result in brain damage or shortened life expectancy
• Surviving spouse and / or dependents The money can be distributed as future lump sums , over a set period of time ; in level or increasing payments ; or in some combination of these options .
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