Congruent, a Chennai and US-based technology solutions provider to the US retirement industry, has acquired IPX Retirement Edge, a platform for retirement income solutions, from the US-based IPX Retirement.
The IPX Retirement Edge platform will help Congruent cater to the growing need for guaranteed and secured income options among participants, a release said.
IPX Retirement Edge enables Defined Contribution retirement plans to offer in-plan guaranteed income investment options. It supports the entire participant journey and experience, from enrolment and education to investment selection, policy issuance, cashiering, and statement reporting.