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iJoin Leverages Coherent Spark to Accelerate Speed to Market for Retirement Income Products Designed for Hyper-PersonalizationLDI-MAP (d.b.a. iJoin), a leader in retirement plan technologies, announced today that it has selected Coherent, a global software as a service (SaaS) company fast becoming the ubiquitous standard for business logic, to supply a platform to help deliver more personalized options for retirement savers and enable better outcomes through faster product innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220921005717/en/ Coherent Spark converts business logic, including rules, calculations, and data, from any spreadsheet into an application programming interface (API), which can then connect to any application. This enables business and IT teams to work together more efficiently to bring products to market and innovate their offerings at a faster cadence. With Spark, iJoin's product team can build actuarial models for an array of managed account and guaranteed income products in spreadsheets and then convert the logic into integration-ready APIs instantly without the need for manual coding. iJoin's actuarial team also uses Spark for robust, high-speed testing within the platform, which significantly collapses the product development cycle. Coherent Spark also includes all required security, compliance, and audit-ready capabilities required to meet the stringent requirements of iJoin's insurance industry partners. "Coherent Spark enables us to accomplish in weeks what used to take several months to do in a traditional model," said Steve McCoy, CEO - iJoin. McCoy added, "Product development time is so much faster with Spark that not only do we get to market earlir, but we are also able to quickly iterate to stay at the leading edge of product innovation. Spark supports our vision of rapidly evolving how the retirement industry meets retirement savers' needs with personalized investment and guaranteed income options." Todd Buchanan, CEO - USA at Coherent, stated, "We're happy to offer Spark as an accelerator to help iJoin continue to innovate and lead the way in the retirement industry. In an ever-changing world of new regulations, fluctuating and volatile market conditions, and consumer behavior trends, the retirement industry must adapt fast. Technology makes the difference between keeping up and setting the pace. The team at iJoin is setting the pace of innovation, and we're proud they've chosen to use Spark to go even faster."
About Coherent
About LDI-MAP, LLC (dba iJoin)
View source version on businesswire.com: https://www.businesswire.com/news/home/20220921005717/en/ |