Finch, the #1 Unified API for Employment Systems, announces new product features aimed at the Retirement industry that enable end-to-end data connectivity for recordkeepers and third-party administrat...
Autore: Business Wire
SAN FRANCISCO: Finch, the #1 Unified API for Employment Systems, announces new product features aimed at the Retirement industry that enable end-to-end data connectivity for recordkeepers and third-party administrators (TPAs). These new features include universal system compatibility, making Finch’s industry-leading network of API payroll integrations available to any recordkeeper or TPA.
In a survey Finch conducted last month, employers reported retirement systems were the #1 most difficult system to integrate with their payroll provider. Nearly 80% of employers reported they share census and pay data with their retirement provider via file exchange, email, phone/video call, or messaging platforms, but only 11% reported using an API-based integration. At the same time, recordkeepers are increasingly looking to improve their access to sponsor data — a 2024 SPARK Institute survey found 93% of recordkeepers consider payroll integrations important.
With its new universally compatible features, Finch offers an easy, affordable solution that allows retirement providers to integrate with their sponsors’ payroll systems to reduce administrative bottlenecks, improve data accuracy, reduce overhead, and provide a better experience for plan sponsors.
Finch already leads the industry with the largest payroll provider network on the market covering 80% of US employers, automated data refresh, and deduction management powered by 360° payroll integrations. Finch’s secure, scalable API infrastructure is SOC2 and HIPAA compliant, allowing recordkeepers and TPAs to manage payroll data with confidence and scale effortlessly, and is used by 40+ leading retirement service providers, including Nova 401(k) Associates, Ameritas, ePlan (Paychex), Human Interest, and Betterment.
“Our new solutions are a game-changer for TPAs and recordkeepers,” said Jeremy Zhang, CEO of Finch. “For too long, the retirement industry has been bogged down by inefficient, manual payroll processes that can lead to delays, errors, and increased operational costs. With our automated solutions, we’re empowering TPAs and recordkeepers to streamline their operations, deliver faster service to clients, and focus on what they do best — helping people secure their financial futures.”
About Finch: Finch is the leading unified API platform for seamless HRIS and payroll integrations. The platform helps HR, Retirement, and Benefits companies easily access and manage data from employment systems of record, simplifying tasks like employer onboarding, benefits enrollment, HR automation, and compliance audits. Trusted by apps like Carta and Secureframe, Finch enables secure data connectivity for 40,000+ employers. As the world moves toward standardized, interconnected data systems, Finch’s is building the infrastructure for a secure, connected, and programmable employment ecosystem for all. Learn more at tryfinch.com or contact Kiera Blessing at kiera@tryfinch.com.
Fonte: Business Wire