Voya Financial integrates with SinglepointAI for retirement plans

Voya Financial integrates with SinglepointAI for retirement plans

Gold slides as U.S.-Iran conflict lifts oil, hawkish Fed bets grow WINDSOR, Conn. - Voya Financial, Inc. (NYSE:VOYA) announced Monday an application programming interface integration with SinglepointAI to digitally transfer retirement plan data for third-party administrators. The integration connects SinglepointAI with Voya’s digital onboarding platform, allowing third-party administrators to transfer plan provision data directly into Voya’s onboarding system, according to a press release statement. The connection aims to reduce manual processes and improve data accuracy during the retirement plan onboarding process.

"TPAs using SinglepointAI will be able to leverage the API connection to digitally transfer plan provision data directly into Voya’s onboarding system," said Amy Vaillancourt, president of Retirement at Voya Financial. The company stated it anticipates expanding its API integrations with additional partners. Voya provides retirement, employee benefits and investment management services to more than 18 million customer relationships.

The company, with a market capitalization of $8.85 billion, has delivered strong returns for investors with a 38% gain over the past year. Trading at a P/E ratio of 14.73, InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value. The company said the integration is part of its focus on digital and AI-driven capabilities.

"This integration sets a new standard for how data moves across the retirement ecosystem," said Tom Loch, CEO and co-founder of SinglepointAI. The company is not affiliated with Voya Financial. Santhosh Keshavan, chief technology and operations officer at Voya Financial, said the company takes an enterprise-wide approach to technology, embedding AI, data and automation into its platforms.

The integration enables data connectivity between the two platforms for third-party administrators working with retirement plans. Investors seeking deeper insights can access Voya’s comprehensive Pro Research Report on InvestingPro, one of over 1,400 US equities covered with expert analysis and actionable intelligence. In other recent news, Voya Financial reported strong first-quarter earnings for 2026, with adjusted operating earnings per share (EPS) of $2.26, surpassing analyst forecasts of $2.06.

The company’s revenue also exceeded expectations, reaching $2.03 billion compared to the predicted $2.01 billion. Raymond James upgraded Voya Financial’s stock rating from Market Perform to Strong Buy, highlighting potential merger and acquisition opportunities as a key factor. The firm also mentioned the possibility of Voya selling its Stop Loss business to fund share repurchases or being acquired.

Evercore ISI raised its price target for Voya Financial shares to $91 from $88, maintaining an Outperform rating. However, Evercore ISI adjusted its future earnings estimates for the company, lowering its second-quarter 2026 earnings estimate to $2.47 from $2.61 due to lower expectations for the Retirement segment. Additionally, Voya Financial expanded its private asset capabilities within its Advisor Managed Accounts program, allowing investment advisors to include private market investments in managed portfolios for retirement plan participants.

These developments indicate various strategic moves and analyst perspectives surrounding Voya Financial.