Collaboration enables a more seamless process of insurance data exchange and payment reconciliation, verification, and settlement
DETROIT, MI, August 10, 2026 - FidoPact, the digital insurance payment orchestration and verification gateway, today announced that it has become a Licensed Integrator Partner (LIP) of ACORD Solutions Group, the leading provider of solutions for standardized data exchange in the global insurance industry.
As part of this collaboration, FidoPact will integrate seamlessly with ADEPT (ACORD Data Exchange Platform and Translator), enabling ADEPT users to leverage FidoPact’s automated payment and verification capability to support faster, more reliable payment reconciliation and data exchange between brokers and carriers.
In current insurance workflows, accounting data arrives on separate channels, at different times, from the actual movement of money. Treasury teams at brokers and carriers must then verify and reconcile all settlements, a laborious and time-consuming process.
"Insurance data exchange is standardized, but insurance money isn't — a carrier receives a netted wire covering dozens of risks across multiple currencies, with none of the context needed to allocate it, and a treasury team spends days unpicking by hand a settlement that was already agreed in a message weeks earlier. That gap is where reconciliation cycles stretch, unallocated cash builds up, and disputes begin," said Nirav Shah, Co-Founder, FidoPact. "By connecting FidoPact with ADEPT, we see an opportunity to extend digital continuity from reconciliation of financial data through payment verification and the movement of money among partners."
"The constraint in this market has never been payment infrastructure — the rails work fine. The constraint is that settlement data and settlement money live in separate systems that were never designed to talk to each other," said Samir Pimputkar, Co-Founder, FidoPact. "Joining the Licensed Integrator Partner community lets us extend the continuity ADEPT already brings to insurance data into the movement of money itself."
By attaching verified, policy-level settlement data to each payment, FidoPact ensures that a broker wire arrives pre-allocated across the underlying risks. The seamless, API-based connection to ADEPT unlocks the efficiency gains of ACORD standardized data messaging, creating a smooth and synchronized path that harmonizes Technical Accounts (TA), Financial Accounts (FA), and Movement of Money to enable true end-to-end digital workflows.
"This collaboration demonstrates how the Licensed Integrator Partner community can bring complementary capabilities together to address specific industry challenges, improving processes and operations across the insurance ecosystem," said Chris Newman, President & CEO, ACORD Solutions Group. "We share the goal of helping brokers and carriers reduce manual work, improve visibility, and create a more efficient end-to-end process."
The LIP community includes leading insurance technology and service providers who are working to modernize insurance industry operations. Participants focus on driving market-wide adoption of next-generation capabilities to help insurers, reinsurers, and brokers connect systems and streamline workflows. For more information, please visit www.acordsolutions.com/LIP.
About FidoPact
FidoPact is building the settlement layer between insurance data and insurance money. In today's market, accounting data and the payments that follow it travel on separate paths, leaving treasury teams at brokers and carriers to reconcile the two by hand. FidoPact connects them, using ACORD Standards to carry policy-level detail alongside the payment itself. Learn more at fidopact.com.
About ACORD Solutions Group
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. Our enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD, the standards-setting body for the global insurance industry. Learn more at acordsolutions.com.