WAYNE, PA & BERWYN, PA — iPipeline and Fiduciary Exchange LLC have expanded their partnership with the launch of Insurance Exchange Express, a platform designed to provide digital annuity distribution tools to small and mid-market broker-dealers and financial institutions.
The jointly developed solution integrates FIDx’s Insurance Exchange with iPipeline’s AFFIRM for Annuities platform to create a unified system for annuity processing and distribution.
The platform is intended to reduce operational complexity and errors while allowing firms with limited resources to adopt digital annuity capabilities.
According to the companies, the system shortens implementation timelines from several months to a matter of weeks by offering a standardized, out-of-the-box solution.
“iPipeline has long delivered a fully integrated, end-to-end annuity experience for the industry’s most sophisticated firms,” said Pat O’Donnell, chief executive officer of iPipeline.
IX Express is also designed to support insurance carriers by reducing processing errors and expanding access to firms that have traditionally relied on paper-based systems.
“The annuity industry has spent years building digital infrastructure for the largest firms. IX Express flips that equation,” said Rich Romano, chief executive officer of FIDx.
The launch comes as demand for retirement income products increases and firms shift toward digital processing systems.
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