IBM and NAVA Jumpstart Implementation of Annuity

RESTON, Va. and ARMONK, N.Y., June 30 /PRNewswire/ — NAVA, Inc., the Association for Insured Retirement Solutions, and IBM (NYSE: IBM) today announced the availability of the first Common Reference Architecture Model for NAVA's Straight-through Processing (STP) Standards Initiative. STP is an industry-backed initiative establishing an automated standardized process that streamlines the sale of annuities.