Majesco's Retirement & Pension Software Wins XCelent Award for Functionality
Event summary
- Majesco V3locity for Retirement & Pension Administration won the XCelent Award for Breadth of Functionality in May 2026.
- The award highlights the software's comprehensive capabilities, strong customer feedback, and robust feature set.
- Majesco V3locity supports complex plan structures and modernizes operations for unions, states, and municipalities.
- Celent noted Majesco's ongoing investments in AI capabilities and platform enhancements.
- Majesco has over 375 customers worldwide and 1400+ implementations.
The big picture
The recognition comes amid a growing trend of closed defined benefit plans and higher interest rates, driving demand for comprehensive retirement and pension administration solutions. Majesco's cloud-native, AI-native approach positions it as a key player in the evolving pension and retirement market. The company's focus on automating manual processes and enhancing operational efficiencies aligns with broader industry shifts towards digital transformation.
What we're watching
- Market Expansion
- How Majesco will leverage this recognition to expand its market presence in North America and beyond.
- AI Integration
- The pace at which Majesco integrates advanced AI capabilities into its platform to stay ahead of competitors.
- Customer Adoption
- Whether the award will accelerate adoption rates among unions, states, and municipalities.
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