Leadership role in the financial services industry

Richard Firth, Chairman and CEO of MIP Holdings is a stalwart of the South African technology industry. Firth’s successful career has spanned both the financial services and retail industries where he had performed various roles from junior software engineer to designing and managing enterprise software projects.

He has also held numerous board positions and provided mentorship for technology start-ups.

An advisor to a NASDAQ-listed multinational software and database company with customers around the globe, he has moulded MIP, a software engineering company that supplies systems to the financial services industry, based on his vision for the financial services industry. This service also includes 1,700 independent software vendors, 100,000 enterprise customers and 2, 000, 000 million developers that use the platform.

The company’s MIP’s systems cover the lives of some 20,000,000 beneficiaries. The company prides itself on its leadership role in the financial services industry and believes that its delivers on a strategy focusing on “the unified collection of contributions and payment of benefits”. The business has subsequently evolved in line with this strategy to become a leader in the development and supply of mission-critical enterprise financial services software systems that manage the administration of the following verticals:

• Managed Healthcare,
• Medical Schemes,
• Health Insurance,
• Health GAP Cover,
• National Health Insurance,
• Individual Life Insurance,
• Group Risk Insurance,
• Warranty and Maintenance Insurance,
• Justice and Legal Insurance,
• Trust and Beneficiary Funds,
• Pension and Provident Funds,
• Lending and Asset Finance,
• Workman’s Compensation and
• Social Security.

A leader in each of these financial service verticals, being either the first or second preferred solution provider for all the companies operating in these sectors, the company is unique in its ability to service all these verticals across a single architecture.